Mining, Oil & Gas Machinery Manufacturing in the US
Over the five years to 2018, downstream volatility has rocked the Mining, Oil and Gas Machinery Manufacturing industry. Booming global demand for resources and energy promoted strong industry growth early in the period, but the appreciation of the US dollar and a severe decline in oil prices have destabilized revenue in recent years. Consequently, over the past five years, revenue is expected to have declined. Over the five years to 2023, the industry is expected to partially rebound from its downturn. Positive commodity pricing trends during the latter half of the outlook period are expected to support demand from buyers of mining, oil and gas machinery.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook