Gas guzzling: Industry profit margins will remain constrained due to slow growth in demand

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...read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 14-19
3.1%
Forecast Growth 19-24
Profit
Employment
10,477
Businesses
836
Market Share of Companies

Industry Threats & Opportunities

  • Global economic growth is forecast to increase demand for Canadian gold, copper, zinc, nickel and other minerals
  • The mining sector as a whole is forecast to experience a decline
  • Oil and gas companies are the industry’s primary market
  • Industry Report - Industry Analysis Chapter

    The Canadian Mining, Oil and Gas Machinery Wholesaling industry’s performance has been mixed over the five years to 2019. The industry experienced strong growth in the years leading up to the reporting period, as downstream demand from mining, oil and gas industry operators was buoyed by rising commodity prices in the aftermath of the recession that expanded demand for copper, zinc, nickel, coal, oil, natural gas and other commodities. In particular, high crude oil prices prompted substantial investment into the development of the vast oil sands in Alberta, which drove demand for industry products...purchase to read more.

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

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

  • Having links with suppliers
  • Having technology sharing arrangements with major players
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Demand from mining (except oil and gas) and Demand from oil drilling and gas extraction in the Mining, Oil & Gas Machinery Wholesaling industry impact industry performance..

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    What's in this report

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

    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).

    Industry Products
  • Mining machinery and equipment manufacturing
  • Rotary oil and gas field drilling machinery and equipment
  • Oil and gas field production machinery and equipment (excluding pump
  • Portable drilling rigs and parts (above ground)
  • All other
  • Industry Activities
  • Wholesaling agitators, crushers and classifiers
  • Wholesaling ball, rod and pebble mill machinery
  • Wholesaling floating roof seals for oil and gas storage tanks
  • Wholesaling natural gas field production equipment
  • Wholesaling oil well machinery and equipment
  • Wholesaling petroleum production machinery and equipment
  • Wholesaling vibrating and screening equipment
  • Wholesaling ore dressing machinery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from mining (except oil and gas)
  • Demand from oil drilling and gas extraction
  • World price of steel
  • World price of crude oil

  • Current Performance
  • Demand from oil and gas extraction
  • Demand from mining
  • Landscape and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand from oil and gas extraction
  • Demand from mining
  • Industry landscape and profit
  • Table: Mining, Oil & Gas Machinery Wholesaling Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Oil Drilling & Gas Extraction in Canada
  • Coal Mining in Canada
  • Iron Ore Mining in Canada
  • Gold & Silver Ore Mining in Canada
  • Copper, Nickel, Lead & Zinc Mining in Canada
  • Stone Mining in Canada
  • Oil & Gas Field Services in Canada

  • Key Selling Industries
  • Mining, Oil & Gas Machinery Manufacturing in Canada

  • Products & Services
  • Rotary oil and gas field drilling machinery and equipment
  • Mining machinery and equipment manufacturing
  • Oil and gas field production machinery and equipment (excluding pump
  • Portable drilling rigs and parts (above ground)
  • All other
  • Chart: Mining, Oil & Gas Machinery Wholesaling Industry Products and Services Segmentation

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

  • Major Markets
  • Oil drilling and natural gas extraction operations
  • Mining operations (excluding oil and gas operations)
  • Chart: Major Market Segmentation for the Mining, Oil & Gas Machinery Wholesaling Industry

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

  • Basis of Competition
    External competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Mining, Oil & Gas Machinery Wholesaling Industry

  • Industry Globalization
    Finning International Inc.,
  • Table: Finning International Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Mining, Oil & Gas Machinery Wholesaling 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 Wholesaling Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • World price of crude oil (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Beneficiation
  • A process by which valuable minerals are extracted from ore, leaving unusable material aside for discard.
  • Classifier
  • Machinery used to separate valuable ores and minerals from other particles within a liquid mixture.
  • Continuous Mining Machine
  • A machine that rips coal or other minerals from a mine wall, which it then collects and loads onto a conveyor belt in one continuous operation.
  • Excavator
  • A piece of heavy construction equipment with a shovel or bucket attached to its front. Used to dig and move earth and other materials.
  • Ore Dressing
  • The process of separating valuable minerals from their ores. Also known as mineral dressing or processing.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Mining, Oil & Gas Machinery Wholesaling market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 Wholesaling:
    • 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 Wholesaling 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 Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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