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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 11-16
-11.0%
Annual Growth 16-21
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Profit
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Employment
51,368
Businesses
663
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 SWOT Analysis Chapter

The Mining, Oil and Gas Machinery industry is in the mature stage of its life cycle. Industry value added (IVA), a measure of an industry's contribution to the US economy, is expected to decline at an annualized rate of 4.5% over the 10 years to 2021. The expected average GDP growth is 2.2% per year over the same period. Although the IVA contribution to GDP is negative, this has been due to dramatic declines in commodity prices over the past two years which affected the industry substantially. Industry demand is strongly driven by global demand for energy and resources. Dramatic declines in commodity prices over the past two years have affected the industry directly... 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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