Overview

Oil slick: Revenue will rebound, but fluctuating commodity prices will continue to pose a threat

The Mining, Oil & Gas Machinery Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Positive commodity pricing trends are expected to support demand from buyers of mining, oil and gas machinery
  • The rising trade-weighted index has made imports less expensive for domestic buyers
  • Industry operators will continue to experience challenging conditions over the next five years

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    Industry Analysis & Industry Trends

    Over the five years to 2016, downstream volatility has rocked the Mining, Oil and Gas Machinery Manufacturing industry. Booming global energy demand promoted strong growth early in the period, but falling oil prices and appreciation of the US dollar have caused heavy declines over the past two years. Over the next five years, the industry is expected 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...

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    Industry Report - Industry Products Chapter

    The Mining, Oil and Gas Machinery Manufacturing industry provides machinery and equipment for extracting raw materials from the earth. This industry produces drills and bits that bore holes to make desired materials accessible; however, a host of other equipment is needed to regulate pressure at wellheads, separate materials on site and power large machines in remote areas. Additionally, the industry produces machinery for both underground and surface mining operations.

    Oil and gas machinery and equipment

    Oil and gas machinery and equipment includes rotary drilling machinery, field production equipment, portable drilling rigs, and field derricks, surveying machinery and various parts and components for these products. This segment represents 83.2% o..

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    Additional Insights for the Mining, Oil & Gas Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Mining, Oil & Gas Machinery Manufacturing Industry are

  • Access to the latest and most-efficient technologies
  • Effective performance monitoring
  • Concentration on core business
  • IBISWorld analysts also discuss how external factors such as US oil and gas production index and World price of crude oil in the Mining, Oil & Gas Machinery Manufacturing industry impact industry performance..

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    Industry Products

    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 machinery
    Rotary oil and gas field drilling machinery and equipment
    Oil and gas field production machinery and equipment excluding pumps
    All other including portable drilling rigs, well surveying machinery
    Industry Activities
    Manufacturing oil and gas field machinery and equipment
    Manufacturing rotary oil and gas field drilling machinery and equipment
    Manufacturing other oil and gas field drilling machinery and equipment
    Manufacturing portable drilling rigs and parts
    Manufacturing underground mining machinery and equipment
    Manufacturing crushing, pulverizing and screening machinery and equipment
    Manufacturing drills and other mining machinery
    Manufacturing mineral processing machinery

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • US oil and gas production index
  • World price of crude oil
  • Demand from mining (except oil and gas)
  • Trade-weighted index
  • World price of steel

  • Current Performance
  • Oil and gas equipment drive sales
  • Consolidation to continue
  • The importance of trade
  • Industry profit and size
  • Chart: Revenue Growth

  • Industry Outlook
  • Depressed oil cycle set to rebound
  • Profitability and landscape
  • Table: Mining, Oil & Gas Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Mining, Oil & Gas Machinery Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Mining
  • Oil Drilling & Gas Extraction
  • Construction & Mining Equipment Wholesaling
  • Heavy Equipment Rental

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Ferrous Metal Foundry Products
  • Metal Stamping & Forging
  • Steel Rolling & Drawing

  • Products & Services
  • Rotary oil and gas field drilling machinery and equipment
  • Oil and gas field production machinery and equipment excluding pumps
  • All other including portable drilling rigs, well surveying machinery
  • Mining machinery
  • Chart: Mining, Oil & Gas Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Oil and gas field producers and contractors
  • Exports
  • Mining and mineral processing industries and contractors
  • Chart: Major Market Segmentation for the Mining, Oil & Gas Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, other, marketing, rent and utilities
  • Chart: Cost Structure Benchmarking – Sector vs Mining, Oil & Gas Machinery Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Mining, Oil & Gas Machinery Manufacturing Industry

  • Industry Globalization
    Major Companies
    National Oilwell Varco Inc.Halliburton CompanyBaker Hughes Inc.Caterpillar Inc.Schlumberger Limited
  • Table: National Oilwell Varco Inc. - financial performance
  • Table: Halliburton Company - financial performance
  • Table: Baker Hughes Inc. - financial performance
  • Table: Caterpillar Inc. - financial performance
  • Table: Schlumberger Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Mining, Oil & Gas Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Mining, Oil & Gas Machinery Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Price of Steel (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Drilling Rig
  • A machine that creates holes or shafts in the ground to explore and extract minerals, oil and natural gas.
  • Hydrocarbon
  • An organic compound found mostly in crude oil that, when processed, acts as a significant energy source.
  • Manufacturing Cell
  • An area of a manufacturing plant in which a single employee groups together similar products for isolated assembly, testing and quality control.
  • Shale Gas
  • A natural gas produced from a fine-grained sedimentary rock.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Mining, Oil & Gas Machinery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Mining, Oil & Gas Machinery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Mining, Oil & Gas Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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