Gas guzzling: Higher crude oil prices will cause industry revenue to continue to fall

The Mining, Oil and Gas Machinery Wholesaling industry's performance has been mixed over the past five years. Industry revenue declined, as the collapse in global demand for commodities reduced mining and oil and gas extraction activity, leading to a reduction in demand for industry products. In the coming years, the industry is expected to grow at a stable rate...read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 12-17
0.0%
Forecast Growth 17-22
Profit
Employment
10,312
Businesses
842
Market Share of Companies

Industry Threats & Opportunities

  • Revenue is expected to return to growth after five years of falling oil prices and shaky demand
  • The expansion in construction has led to an expansion in gravel and stone mining
  • World crude oil and domestic natural gas prices are expected to rise over the five-year period
  • Industry Report - Industry SWOT Analysis Chapter

    The Mining, Oil and Gas Machinery Wholesaling industry in Canada is in the mature stage of its life cycle. Industry value added (IVA), a measure of an industry's contribution to the overall economy, is expected to drop at an annualized rate of 3.1% over the 10 years to 2022. In comparison, Canadian GDP is forecast to grow at an annualized rate of 1.9% during the same period. Normally, IVA decline is indicative of an industry in its decline phase, but extraordinary circumstances have caused IVA to fall significantly, and the number alone provides an inaccurate snapshot of the industry's medium- and long-term contribution to the Canadian economy. IVA...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 and oil and gas well 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
  • Oil and gas field production machinery and equipment (excluding pump
  • Mining machinery and equipment manufacturing
  • All Other
  • Portable drilling rigs and parts (above ground)
  • 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World price of crude oil (2008-2022)

  • 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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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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