Still tapped: Participation of international oil companies in Canada will drive demand

Canada is one of the world's largest energy producers, and the country's standing in global energy markets has greatly benefited the Mining, Oil and Gas Machinery Manufacturing industry. The mining sector in Canada is significant; however, the oil and gas sectors are the primary drivers of industry performance. Vast oil and gas reserves in Canada became increasingly economical as technology improved. The environmental impact of unconventional oil and gas extraction techniques, which require the use of this industry's products, has been widely debated, and this debate is expected to continue through the next five years...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
-8.4%
Forecast Growth 18-23
Profit
Employment
12,826
Businesses
439
Market Share of Companies

Industry Threats & Opportunities

  • Booming demand and high commodity prices prompted significant global investment, leading to years of industry growth
  • Industry exports have been driven by changing commodity prices and downstream activity
  • As technology improves, investment in high-end machinery will continue to grow
  • Industry Report - Industry Key Buyers Chapter

    Concentration in the industry is low. In 2018, the top four companies are estimated to account for less than 20.0% of industry revenue. The level of industry concentration increased over the five years to 2018, largely due to increasing activity in Alberta's oil sands. According to Baker Hughes, the number of active rigs in Canada increased in the double-digits in the early part of the five-year period. While this trend reversed dramatically when the prices of oil and natural gas declined, companies that had expanded their operations in Canada put themselves in a good position to take advantage of growth in 2017 as well as potential growth in the future, as they had a greater slack capacity to meet potential growth...purchase to read more.

    Additional Insights for the Mining, Oil & Gas Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Mining, Oil & Gas Machinery Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Concentration on core business
  • Production of premium goods and services
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and World price of crude oil in the Mining, Oil & Gas Machinery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Mining, Oil & Gas Machinery Manufacturing Industry?

    This industry manufactures 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. The following are excluded: machinery with dual construction and mining uses, conveyors for coal and ore, underground mining locomotives and offshore drilling production platforms.

    Industry Products
  • Mining machinery and equipment manufacturing
  • Oil and gas field drilling machinery and equipment
  • Oil and gas field production machinery and equipment
  • Other oil and gas field machinery and equipment
  • Industry Activities
  • Manufacturing oil and gas derricks
  • Manufacturing mineral- and stone-beneficiating machinery
  • Manufacturing mining cars
  • Manufacturing oil and gas field drilling machinery and equipment (except offshore floating platforms)
  • Manufacturing ore crushing, washing, screening and loading machinery
  • Manufacturing water well drilling machinery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian effective exchange rate index
  • World price of crude oil
  • World price of natural gas
  • World price of steel
  • World price of steaming coal

  • Current Performance
  • Demand environment
  • International focus
  • Mining and profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady demand
  • Profit to continue flowing
  • Table: Mining, Oil & Gas Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Mining, Oil & Gas Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining In Canada
  • Oil Drilling & Gas Extraction in Canada
  • Construction & Forestry Equipment Wholesaling in Canada
  • Heavy Equipment Rental in Canada

  • Key Selling Industries
  • Ferrous Metal Foundry Products in Canada
  • Metal Stamping & Forging in Canada
  • Steel Rolling & Drawing in Canada

  • Products & Services
  • Oil and gas field drilling machinery and equipment
  • Mining machinery and equipment manufacturing
  • Oil and gas field production machinery and equipment
  • Other oil and gas field machinery and equipment
  • Chart: Mining, Oil & Gas Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Oil and gas
  • Mining
  • Commodity prices
  • Seasonality

  • Major Markets
  • Oil and gas field operators
  • Exports
  • Mining and mineral processing industries and contractors
  • Chart: Major Market Segmentation for the Mining, Oil & Gas Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, other, marketing, rent and utilities
  • Chart: Cost Structure Benchmarking – Sector vs Mining, Oil & Gas Machinery Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Mining, Oil & Gas Machinery Manufacturing Industry

  • Industry Globalization
    Halliburton Company,
  • Table: Halliburton Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Mining, Oil & Gas Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Mining, Oil & Gas Machinery Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • World price of crude oil (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Downhole Tools
  • Motors, connectors and other equipment that perform their functions within a borehole.
  • Hydrocarbon
  • An organic compound found mostly in crude oil that, when processed, acts as a significant energy source.
  • Manufacturing Cell
  • An area of a manufacturing plant in which similar products are grouped together for isolated assembly, testing and quality control, usually by a single employee.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Mining, Oil & Gas Machinery Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Mining, Oil & Gas Machinery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Mining, Oil & Gas Machinery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Mining, Oil & Gas Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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