Pump it up: The industry will benefit from expanding industrial markets

Negative trends related to commodity and industrial markets are expected to cause revenue to decline at an annualized rate of 0.8% over the five years to 2018. Plummeting crude oil prices over the five-year period have decreased demand from the oil and gas sector, a major market for the industry. However, downstream markets are expected to improve over the current year, and revenue is anticipated to increase 3.1% in 2018, totaling $28.8 billion. Over the five years to 2023, the industry will benefit from expanding industrial markets, as well as an anticipated increase in crude oil prices. As the price of oil undergoes an expected gradual appreciation, the industry will receive higher demand from oil and gas rigs, which require pumps for extraction purposes...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry will benefit from thriving industrial markets and the anticipated increase in crude oil prices
  • Exports have been weak over the past five years due to an appreciating US dollar
  • Various domestic industries will underpin demand for pumps and compressors
  • Industry Report - Industry Analysis Chapter

    The Pump and Compressor Manufacturing industry produces a wide spectrum of products. These goods are primarily composed of pumps and compressors for industrial uses, but also include product lines from small bicycle pumps to domestic sump pumps. Industrial pumps and compressors are used extensively in manufacturing and mining operations, utilities construction and oil and gas extraction. Additionally, the industry maintains extensive trade with manufacturing, construction and resource sectors abroad. Currently, industry exports generate over a quarter of the industry’s revenue. Consequently, the industry’s performance depends on industrial production and infrastructure construction in both domestic and international markets...purchase to read more.

    Additional Insights for the Pump & Compressor Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pump & Compressor Manufacturing Industry are

  • Use of high volume/low margin strategy
  • Access to technology
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Industrial production index and World price of crude oil in the Pump & Compressor Manufacturing industry impact industry performance..

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    What's in this report

    What is the Pump & Compressor Manufacturing Industry?

    Operators in this industry manufacture pumps and compressors for general use, measuring and dispensing. In addition, the industry manufactures nonagricultural spraying and dusting equipment and provides aftermarket and repair services for customers. However, industry operators do not manufacture fluid power pumps, pumps for motor vehicles or air-conditioning compressors.

    Industry Products
  • Pump and pumping equipment
  • Air and gas compressors
  • Measuring and dispensing pumps
  • Industry Activities
  • Manufacturing nonfluid pumps and pumping equipment
  • Manufacturing air and gas compressors
  • Manufacturing dispensing and measuring pumps (i.e. for gasoline and oil)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • World price of crude oil
  • Trade-weighted index
  • Value of utilities construction

  • Current Performance
  • Demand gives way to prices
  • Trade
  • Acquisitions
  • Chart: Revenue Growth

  • Industry Outlook
  • Industrial production and reshoring trends
  • Trade
  • Oil resurgence
  • Table: Pump & Compressor Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pump & Compressor Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Utilities
  • Manufacturing

  • Key Selling Industries
  • Industrial Supplies Wholesaling
  • Iron & Steel Manufacturing
  • Nonferrous Metal Foundry Products Manufacturing

  • Products & Services
  • Pump and pumping equipment
  • Air and gas compressors
  • Measuring and dispensing pumps
  • Chart: Pump & Compressor Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Mining, oil and gas industries
  • Manufacturing industries
  • Other markets
  • Utilities and construction industries
  • Chart: Major Market Segmentation for the Pump & Compressor Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Pump & Compressor Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pump & Compressor Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Pump & Compressor Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pump & Compressor Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Trade-weighted index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Centrifugal Pump
  • A pump that conducts fluid to a discharge pipe via vanes that rotate in a casing to acquire sufficient momentum.
  • Original Equipment Manufacturers
  • In this industry, OEMs are companies that manufacture products that are used as component parts in another company's final product.
  • Predictive Diagnostics
  • Computerized controls that monitor pump and compressor demand in order to scale back or increase power to a specific unit based on real-time data.
  • Process Industry
  • Industries where core operations are performed on a bulk set of indistinguishable materials, or that occur on a continuous process.
  • Sump Pump
  • A pump that removes water or other liquid from a low point or depression in a system.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Pump & Compressor Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Pump & Compressor 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 Pump & Compressor 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 Pump & Compressor Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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