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Mining, Oil & Gas Machinery Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Mining, Oil & Gas Machinery Manufacturing Market Research Report | NAICS 33313 | Jul 2014

Digging deep: Global efforts to discover oil and gas reserves will spur demand for machinery

The Mining, Oil & Gas Machinery Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 09-14
4.1%
Annual Growth 14-19
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Profit
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Employment
57,926
Businesses
851
Industry Analysis & Industry Trends

During the past five years, the Mining, Oil and Gas Machinery Manufacturing industry has undergone a period of revenue volatility underpinned by booming global demand for mineral and energy commodities on one hand and the Great Recession on the other. The faltering global economy, credit crisis and weaker commodity prices resulted in a sharp downturn in energy and mineral exploration and production, dragging down demand for industry products. In the coming five years, however, conditions will improve as global economies seek out new oil and gas reserves, strengthening demand for related machinery... purchase to read more

Industry Report - Industry Analysis Chapter

Rising commodity prices and booming activity in the global mining, oil and gas markets have caused revenue for the Mining, Oil and Gas Machinery Manufacturing industry to grow at double-digit rates during much of the past decade. While the financial crisis constrained demand for the industry's products in 2009, conditions began to pick up during 2011, and industry revenue jumped 20.8%. Since the industry's lows in March 2009, commodity prices have rallied strongly, driven by the improving prospects of the world economy, the ongoing weakness of the US dollar and the return of speculative capital to commodity markets. In particular, China's burgeoning economy has stimulated global mining activity... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Mining, Oil & Gas Machinery Manufacturing Industry?

Companies in this industry manufacture oil and gas field equipment and underground mining machinery. Products include rotary and portable drilling rigs and parts; crushing, pulverizing, screening and mineral processing machinery; and derricks, substructures and related accessories. Parts are included, but support services are excluded.

Industry Products
Oil and gas field machineryRotary oil and gas field drilling machineryOther oil and gas field drilling machineryPortable drilling rigs and partsUnderground mining machinery Drills and other mining machineryCrushing, pulverizing and screening machineryMineral processing machinery
 
Industry Activities
Manufacturing oil and gas field machinery and equipmentManufacturing rotary oil and gas field drilling machinery and equipmentManufacturing other oil and gas field drilling machinery and equipmentManufacturing portable drilling rigs and partsManufacturing underground mining machinery and equipmentManufacturing crushing, pulverizing and screening machinery and equipmentManufacturing drills and other mining machineryManufacturing mineral processing machinery


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