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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 | Nov 2016

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

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
$11bn
Annual Growth 11-16
-17.4%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
35,930
Businesses
734
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
  • ... purchase to read more

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... ... purchase to read more

Industry Report - Industry Analysis Chapter

Demand for resources and commodities climbed in the early part of the five years to 2016. In turn, mining, oil and gas companies increased production, creating a spike in demand for new equipment. However, a sharp drop in commodity prices beginning in late 2014 and continuing over 2016 has reversed the trend of growth in the industry and has created a very challenging situation for operators. As a result, the Mining, Oil and Gas Machinery Manufacturing industry has experienced volatile revenue over the past five years. Double-digit increases early in the five-year period were countered by even larger falls in the second half. Over the five years to 2016, industry revenue is expected to decline at an annualized rate of 17.4% to $11.2 billion.

.. ... purchase to read more

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... purchase to read more

     


    Industry ProductsRelated Reports

    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 machineryRotary oil and gas field drilling machinery and equipment Oil and gas field production machinery and equipment excluding pumpsAll other including portable drilling rigs, 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


    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 Company
    Baker Hughes Inc.
    Caterpillar Inc.
    Schlumberger Ltd.
  • 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 Ltd. - 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 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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