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

Steel cut: Despite setbacks, industry revenue will rebound as the price of crude oil increases

Mining, Oil & Gas Machinery Manufacturing in Texas

Volatility in commodity prices, especially oil, has negatively affected the Mining, Oil and Gas Machinery Manufacturing Industry in Texas over the five years to 2017. Consequently, over the five years to 2017, industry revenue in Texas has fallen substantially. Fortunately for industry operators in Texas, however, oil prices have begun to reverse their downward trend. As a result, industry revenue in the state is expected to rise in 2017. The industry in Texas has largely followed the same trends as the industry at the national level because the state represents a disproportionately large percentage of national revenue. Over the five years to 2022, industry revenue in Texas is expected to rebound at least partially from this downturn, but it is not forecast to reach pre-2013 levels.

Companies in this industry manufacture 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. Parts are included, but support services are excluded.

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.