Mining, Oil & Gas Machinery Manufacturing in the US
Over the five years to 2017, 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 the appreciation of the US dollar caused heavy declines in revenue over 2015 and 2016. This decline in overall commodity prices led to a drop in capital expenditure for new exploration and production projects, constraining downstream demand for industry products and causing revenue to fall over the past five years. Over the next five years, however, the industry is expected to rebound modestly from this downturn, as a recovery in commodity prices is anticipated to encourage downstream investment in productive capacity. Nonetheless, the continued appreciation of the dollar will still present a challenge to the 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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