Digging deep: Demand for industry products will likely be constrained due to slow downstream production
Canada is one of the world's largest producers of crude oil and natural gas, as well as a range of other metal and mineral commodities, and this has traditionally benefited the Mining, Oil and Gas Machinery Manufacturing industry in Canada, which produces goods used by extraction industries. Revenue is closely tied to commodity prices, as these can dictate levels of investment and activity by extraction companies. Commodity prices have been hugely volatile over the five years to 2019. While the Canadian mining sector is a significant market, the oil and gas sectors are the primary drivers of industry performance. Over the five years to 2024, industry performance is expected to improve slowly.
The 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.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Halliburton Company
Methodology
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