Mining, Oil & Gas Machinery Wholesaling in Canada
The Mining, Oil and Gas Machinery Wholesaling industry in Canada has experienced mixed results over the five years to 2019. Domestic oil and gas extraction activity has grown steadily for most of the past decade, and production growth was further driven in the years leading up to the reporting period by high prices for both goods. Performance and the level of downstream demand have been driven largely by oil and natural gas prices. The industry is anticipated to continue growing over the five years to 2024, though profit margins will remain constrained due to slow growth in demand. Oil prices are forecast to rise as global demand recovers, increasing demand for industry products.
This industry comprises establishments primarily engaged in wholesaling new and used mining, oil and gas, as well as equipment and machinery. This industry does not include wholesalers of pumps, oil refining equipment or pipeline equipment, which are included in the Industrial Machinery and Equipment Wholesaling industry in Canada (IBISWorld report 41723CA).
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.