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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 | May 2016

Oil slick: Revenue will slip as oil price drop discourages downstream investment

IBISWorld’s Mining, Oil & Gas Machinery Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 11-16
-9.2%
Annual Growth 16-21
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Profit
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Employment
45,510
Businesses
755
Industry Analysis & Industry Trends

Downstream volatility has rocked the Mining, Oil and Gas Machinery Manufacturing industry over the past five years. Booming global energy demand promoted strong growth early in the period, but falling oil prices and appreciation of the US dollar has caused declines over the past two years. Over the next five years, the industry is expected to begin to rebound from this downturn, as a recovery in commodity prices will encourage downstream investment in productive capacity. Still, the continued appreciation of the dollar will dampen export volumes and present a challenge to the industry... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Mining, Oil & Gas Machinery Manufacturing industry has a medium level of market share concentration. In 2016, the industry's top four companies are estimated to account for 58.8% of total industry revenue. Industry concentration has increased during the five years to 2016, due to significant growth in the oil and gas field sector and consolidation among companies. This trend will continue as major players in the industry have already announced plans to merge and are awaiting various regulatory approvals.

For example, in 2011 Caterpillar Inc. acquired Bucyrus International for $8.8 billion. Additionally, in 2014, Halliburton Inc. announced that it will spend $34.6 billion to acquire Baker Hughes Inc... 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
Mining machineryOil and gas field machinery and equipment Oil and gas field drilling machinery and equipmentOil and gas field derricks and well surveying 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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