Mining, Oil & Gas Machinery Manufacturing in the US - Industry Market Research Report
Description
Mining, Oil & Gas Machinery Manufacturing in the US - Industry Market Research Report
Mining, Oil & Gas Machinery Manufacturing in the US
Mining, oil and gas production levels impact mining, oil and gas machinery manufacturers. New capital equipment purchases tend to occur when Mining sector constituents ramp up production during, or in anticipation of, a favorably priced commodity market. Nonetheless, industry revenue and profit are also highly susceptible to quick shifts in demand induced by sliding commodity prices. Despite surging commodity prices, industry-wide revenue has fallen at a CAGR of 6.4% over the past five years, including 3.7% in 2023, when revenue is estimated to total $17.8 billion. Spiking steel and fuel costs compounded lower demand and led profit to account for an estimated 4.6% of revenue in 2023.
Companies in the Mining, Oil and Gas Machinery Manufacturing 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.
Mining, Oil & Gas Machinery Manufacturing in the US
Mining, oil and gas production levels impact mining, oil and gas machinery manufacturers. New capital equipment purchases tend to occur when Mining sector constituents ramp up production during, or in anticipation of, a favorably priced commodity market. Nonetheless, industry revenue and profit are also highly susceptible to quick shifts in demand induced by sliding commodity prices. Despite surging commodity prices, industry-wide revenue has fallen at a CAGR of 6.4% over the past five years, including 3.7% in 2023, when revenue is estimated to total $17.8 billion. Spiking steel and fuel costs compounded lower demand and led profit to account for an estimated 4.6% of revenue in 2023.
Companies in the Mining, Oil and Gas Machinery Manufacturing 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.
Table of Contents
56 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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