Mining, Oil & Gas Machinery Manufacturing in the US - Industry Market Research Report

Mining, Oil & Gas Machinery Manufacturing in the US

Dig this: During the five years to 2011, the Mining, Oil and Gas Machinery Manufacturing industry has undergone a period of stellar growth underpinned by booming global demand for mineral and energy commodities. Rising resource prices led the mining and oil industries to expand existing production and increase exploration, resulting in strong demand for machinery and equipment. Following the financial crisis of late 2008, however, the faltering global economy, credit crisis and weaker commodity prices resulted in a sharp downturn in energy and mineral exploration and production. As a result, demand for industry products fell heavily. Conditions are improving in 2010 and 2011 due in part to the resilient Chinese economy stimulating global mining activity.

Establishments in this industry manufacture oil and gas field equipment and underground mining machinery.

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.