Mobile Menu

Mining, Oil & Gas Machinery Manufacturing in New Mexico

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NM33313

Mining, Oil & Gas Machinery Manufacturing in New Mexico industry analysis

The Mining, Oil & Gas Machinery Manufacturing industry in New Mexico is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to decrease % to $x.x million.

Unbiased research for even more industries at your fingertips

  • 5000+Industries covered
  • 100+Local analysts
  • 250k+Hours of detailed analysis
  • 100k+Subscriber community

Purchase a membership to access this industry and so much more.

About the Mining, Oil & Gas Machinery Manufacturing in New Mexico Market Research Report

What’s Included in the Mining, Oil & Gas Machinery Manufacturing in New Mexico Market Research Report

Definition of the Mining, Oil & Gas Machinery Manufacturing in New Mexico?

Mining, oil and gas machinery companies 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.

What’s included in the Mining, Oil & Gas Machinery Manufacturing in New Mexico?

The Mining, Oil & Gas Machinery Manufacturing in New Mexico includes 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 and manufacturing mineral processing machinery. Related terms covered in the Mining, Oil & Gas Machinery Manufacturing in New Mexico industry report includes a machine that creates holes or shafts in the ground to explore and extract minerals, oil and natural gas, a natural gas produced from a fine-grained sedimentary rock, an organic compound found mostly in crude oil that, when processed, acts as a significant energy source and an area of a manufacturing plant in which a single employee groups together similar products for isolated assembly, testing and quality control.

Industry Performance of the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico

Benchmark the Mining, Oil & Gas Machinery Manufacturing in New Mexico industry performance with all NM county and national performance.

Mining, Oil & Gas Machinery Manufacturing in New Mexico

#23 in Highest Revenue 0.4% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Mining, Oil & Gas Machinery Manufacturing in the US


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico

See how key industry drivers, such as population, per capita disposable income, median houshold income, us oil and gas production index, world price of crude oil and demand from mining (except oil and gas) are impacting Mining, Oil & Gas Machinery Manufacturing in New Mexico

New Mexico Economic Indicators

Population
Per Capita Disposable Income
Median Houshold Income

View more economic information in NM State Economic profile

US Key External Drivers

US oil and gas production index
World price of crude oil
Demand from mining (except oil and gas)

For the full list of industry drivers, see report purchase options.

County Data of the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico

Access proprietary data on county in the Mining, Oil & Gas Machinery Manufacturing in New Mexico, such as San Juan County, Lea County and Bernalillo County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

Need a deeper insight
Get a free tour

Free Tour

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico in 2025?

The market size of the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico is $85.3m in 2025.

How many businesses are there in the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico in 2025?

There are 7 businesses in the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico grown or declined over the past 5 years?

The market size of the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico has been growing at an average annual rate of 1.5% from 2020 to 2025.

How many employees in the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico in 2025?

There are 397 employees in the Mining, Oil & Gas Machinery Manufacturing industry in New Mexico, which has been declining at an average annual rate of -2.8% from 2020 to 2025.