Oil and Gas Drilling Equipment Manufacturing - Industry Market Research Report

Oil and Gas Drilling Equipment Manufacturing

The Oil and Gas Drilling Equipment Manufacturing industry continued to benefit from a resurgence in the oil and gas extraction sector in the United States until 2014; however, the decline in oil prices beginning late 2014 affected the industry significantly. In response to declining oil prices that occurred over the five years to 2019, downstream demand for oil and gas machinery dried up, forcing industry operators to cut back on manufacturing. Additionally, as the value of the US dollar recovered, industry exports suffered even more, pulling down revenue further. Major players in the industry responded by cutting jobs and closing several locations. As a result, industry revenue decreased sharply during the current period. However, growth trends are anticipated to reverse over the five years to 2024, as industry revenue is projected to rise. This projected growth is attributable to the United States likely continuing to prioritize energy independence.

Operators in this industry manufacture oil and gas drilling machinery and equipment to sell to extractors.

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.


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

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