• The global market for mining and oil & gas field machinery manufacturing reached $265 billion in 2016 and should reach $324.1 billion in 2020 at a compound annual growth rate (CAGR)of 5.2% for the period of 2016-2020. • Asia-Pacific market is expected to grow from $59.9 billion in 2016 to $74.8 billion in 2020 at a CAGR of 5.7% from 2016 through 2020. • Western Europe market is expected to grow from $30.1 billion in 2016 to $34.4 billion in 2020 at a CAGR of 3.4% from 2016 through 2020.
Chapter 1: Introduction BCC Research’s goal in performing this study was to determine the global market and future demand growth for mining and oil & gas field machinery manufacturing over the five-year period from 2016 through 2020. Of particular focus was characterizing and quantifying the potential of the market for mining and oil & gas field machinery manufacturing by geography, and product (i.e., oil & gas field machinery and equipment manufacturing, mining machinery and equipment manufacturing, and others).
The report also evaluates the market across each geography. Opportunities in each type of geography have been discussed in detail. Factors that affect the market such as drivers, restraints, and trends have been discussed. The key objective was to present a comprehensive discussion of where the state-of-theart is in mining and oil & gas field machinery manufacturing and forecast the future commercial potential for the key market segments.
This discussion provides a basis for companies to make strategic choices about developing new products and markets or deciding which applications are needed in their organizations. The study will benefit mining and oil & gas field machinery manufacturers, providers of raw materials, users of mining and oil & gas field machinery, governments around the world, and others.
Study Goals and Objectives • To sum up the global mining and oil & gas field machinery manufacturing market size. • To estimate the growth rate of the global mining and oil & gas field machinery manufacturing market. • To segment the market in the deepest possible way. • To provide market numbers and growth rates at geographically. • To identify major drivers and restraints. • To identify key trends and technology updates in the field.
Reasons for Doing This Study Technological advances such as cloud computing, 3D printing, 3D mapping, autonomous vehicles, machine learning, automation and wearable technologies has led to an increase in the demand for oil and gas and mining equipment globally. Global industry leaders and large organizations see an expanded role for product development, investment in autonomous machinery, 3D printing, and 3D mapping in the mining and oil & gas field machinery manufacturing industry.
The global mining and oil & gas field machinery manufacturing market is growing due to increased demand for oil and gas products, and steel and other metals and mineral products, decline in commodity prices, and globalization. These factors along with political support in form of tax waivers and subsidies offered by national and state governments for oil and gas, coal and other mineral exploration companies will drive the mining and oil & gas field machinery manufacturing.
The market for mining and oil & gas field machinery manufacturing is marginally consolidated with a few large players, dominating the market. Major players in the market include Schlumberger Ltd., Caterpillar Inc., Komatsu Ltd., National Oilwell Varco Inc., and others.
Scope of Report This research report categorizes the mining and oil & gas field machinery manufacturing market by type. Product type include oil & gas field machinery and equipment, mining machinery and equipment, and others.
Information Sources • Public information via annual reports to shareholders as well as other government reports that are available for public review. • Company marketing information, advertising, company press releases, state and local news sources, and subscription-based information. • Online research including third-party references. • Trade associations, directories and publications. • Telephone interviews with both current customers and prospects. • Various private industry sources.
Methodology Research methodology followed in this report is a top-down approach. Various sources were used to arrive at the total market figure, which was broken down into various applications and sub markets based on primary and secondary data. Both a quantitative and qualitative approaches were used to derive the market size and growth rates. Many secondary sources were reviewed and extensive primary research was conducted with key opinion leaders, marketing managers, product managers and end users. Market numbers have been calculated in constant U.S. dollars.
In this report, the geographic regions considered for market analysis include, and only include: • Asia Pacific • North America • South America • Western Europe • Eastern Europe • Middle East • Africa
Mining and Oil and Gas Field Machinery Manufacturing, by Region Asia Pacific North America South America Western Europe Eastern Europe Middle East Africa
Mining and Oil and Gas Field Machinery Manufacturing, by Country China USA Russia Germany Australia Brazil India UK France Italy Spain Japan Others
Chapter 2: Summary and Highlights Global mining and oil & gas field machinery manufacturing market is currently in a very crucial phase of transformation. There is mounting pressure to reduce costs, improve quality and satisfy customers as it has been moving from a provider-driven model to a consumer-driven model. At the same time, emerging market growth, low interest rate environment, rapid urbanization, rising population, improving technology, research and development investment, and rising income levels is driving the demand for mining and oil & gas products. These factors are, in turn, generating demand for mining and oil & gas field machinery to meet high expectations.
The market for mining and oil & gas field machinery manufacturing reached a value of nearly $265 billion in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% to nearly $324.1 billion by 2020.
Our reports have been used by over 10K customers, including:
The India low HP tractor market is estimated to produce volumes of over 1019 thousand units by 2024, growing at a CAGR of more than 6% during 2018-2024. Key manufacturers are providing machines on rent to small farmers who cannot afford expensive tractors. For instance, Mahindra has launched a tractor rental services application, Trringo...
Pressure control equipment market to grow at CAGR of 5.6% from 2018 to 2023 The pressure control equipment market is estimated to grow from USD 5.7 billion in 2018 to USD 7.4 billion by 2023, at a CAGR of 5.6% from 2018 to 2023. The growth of the pressure control equipment market is driven by the technological advancement...
Global LNG Liquefaction Industry Outlook to 2022 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Liquefaction Terminals Summary "Global LNG Liquefaction Industry Outlook to 2022 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned...
300 pages •
By The Business Research Company
• Jan 2019
Refined Petroleum Products Manufacturing Market Global Report 2019 provides the strategists, marketers and senior management with the critical information they need to assess the global refined petroleum products manufacturing market. Description: Where is the largest and fastest growing market for the refined...
Top Oil and Gas Companies Planned Projects and Capital Expenditure Outlook in the FSU - Gazprom Leads Capex across Oil and Gas Value Chain Summary In the FSU, Gazprom, Rosneft Oil Co, and Novatek are the top three spenders among all oil and gas companies in the FSU, in terms of new build capex to...
The pressure transmitter market to exhibit significant growth from 2018 to 2024 The pressure transmitter market is expected to grow from USD 2.72 billion in 2018 to USD 3.36 billion by 2024, at a CAGR of 3.59%. The growth of this market can be attributed to the high emphasis on industrial automation and optimum utilization...
175 pages •
By Noealt Corporate Services
• Oct 2018
The Global agriculture equipment market is gaining traction & recovering in 2018 marked by steady improvement & recovery in agriculture commodity prices after a period of low commodity prices which impacted the farm incomes significantly. The demand for agriculture equipment had been rattled by an oversupply driven market scenario over the...
Smart gas metering is on the increase. China and Europe have overtaken the United States in the numbers of smart gas meters deployed. While the European meters are similar in price to the American meters, the Chinese meters are much cheaper, so the value equation is very different. The report plots these developments historically and...
Executive Summary A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global DC-AC Inverter Market. The report analyses the DC-AC Inverter Market By Application Type (Power Backups,...
Global Petroleum Tank Cleaning Market By Type (Manual Vs. Automatic), By Application (Crude Oil Tank, Refinery Oil Tank, Depot & Gas Station and Others), By Region, Competition Forecast & Opportunities, 2013 - 2023 According to “Global Petroleum Tank Cleaning Market By Type, By, By Region, Competition Forecast & Opportunities,...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.