Press release
Mining And Oil And Gas Field Machinery Manufacturing Market: Market Trends, Growth Projections, and Competitive Landscape
Mining And Oil And Gas Field Machinery Manufacturing Market
The Business Research Company offers in-depth market insights through Mining And Oil And Gas Field Machinery Manufacturing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The mining and oil and gas field machinery manufacturing market size has grown strongly in recent years. It will grow from $178.92 billion in 2023 to $192.65 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to global demand for natural resources, infrastructure development projects, energy demand, renewal and upgradation of machinery, emerging markets and economic growth.
The mining and oil and gas field machinery manufacturing market size is expected to see strongly grown in the next few years. It will grow to $253.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to environmental sustainability, renewable energy transition, remote and harsh environments, mining of critical minerals, geopolitical factors. Major trends in the forecast period include advanced automation and robotics, digitalization and data analytics, focus on sustainability and environmental impact, remote monitoring and maintenance, integration of artificial intelligence .
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9577&type=smp
Market Segmentation:
The mining and oil and gas field machinery manufacturing market covered in this report is segmented -
1) By Machinery Types: Oil And Gas Field Machinery And Equipment, Mining Machinery and Equipment, Others Machinerys
2) By Application: On-shore, Off-shore
Major Driver - The Surge In Oil Exploration Fuels Growth In Mining And Oil And Gas Field Machinery Manufacturing
The increased oil exploration is expected to propel the growth of the mining and oil and gas field machinery manufacturing market going forward. Oil exploration is the process of looking into locations where there may be abundant oil and natural gas resources beneath the surface of the earth. Oil exploration is used in mining and oil and gas field machinery manufacturing for drilling water wells and blasting natural gas extraction wells, including portable drilling rigs for oil and gas fields. For instance, in December 2022, according to a report shared by the U.S. Energy Information Administration, a US-based government agency, in 2021, the proven reserves of US crude oil and lease condensate had grown by 6.2 billion barrels (16 percent), to 44.4 billion barrels. Additionally, the oil production in the US increased to 11.6 million barrels per day in 2021. Therefore, the increasing oil exploration is driving the growth of the mining and oil and gas field machinery manufacturing market.
Competitive Landscape:
Major companies operating in the mining and oil and gas field machinery manufacturing market report are Caterpillar Inc., Komatsu Limited, Advantech Co. Ltd., ERA Mining Machinery Limited, TechnipFMC plc, Schlumberger Limited, General Electric Company, Industrea Limited, Joy Global Inc., Baker Hughes Company, National Oilwell Varco Inc., Sandvik AB, Epiroc AB, The Liebherr Group, Hitachi Ltd., United Heavy Machinery, Taiyuan Heavy Industry Co. Ltd., Atlas Copco, Doosan Corporation, Hyundai Heavy Industries Co. Ltd., J.C. Bamford Excavators Limited, Metso Corporation, Mitsubishi Heavy Industries Ltd., Nippon Steel Corporation, Outotec Oyj, ThyssenKrupp AG, Bell Equipment Limited, SANY Group Co. Ltd., Vermeer Corporation .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/mining-and-oil-and-gas-field-machinery-manufacturing-global-market-report
Top Trend - Technological Advancements Reshaping The Landscape Of Mining And Oil And Gas Field Machinery Manufacturing
Technological advancement is a key trend gaining popularity in the mining and oil and gas field machinery manufacturing markets. Major companies operating in mining and oil and gas field machinery manufacturing are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2021, Komatsu Mining Corp., a US-based manufacturer and servicer of heavy equipment, introduced Joy 02ESV scoops equipped with OptiDrive technology. It is a true utility workhorse in soft rock mining and was developed specifically for these next-generation 240-volt machines. This OptiDrive technology is capable of handling multiple tasks, including cleaning, dusting rocks, replenishing supplies, and maintenance. Additionally, OptiDrive can increase motor performance, increase operator productivity, improve reliability, and help lower maintenance costs and is ideal for mining applications.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Mining And Oil And Gas Field Machinery Manufacturing Market Characteristics
3. Mining And Oil And Gas Field Machinery Manufacturing Market Trends And Strategies
4. Mining And Oil And Gas Field Machinery Manufacturing Market - Macro Economic Scenario
5. Mining And Oil And Gas Field Machinery Manufacturing Market Size And Growth
…..
27. Mining And Oil And Gas Field Machinery Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mining And Oil And Gas Field Machinery Manufacturing Market: Market Trends, Growth Projections, and Competitive Landscape here
News-ID: 3434578 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Machinery
Cotton Spinning Machinery Market Forecast Top Manufacturers: Saurer, Rieter, Mur …
MarketQuest.biz has published research and analysis-based study on Global Cotton Spinning Machinery Market that covers growth prospects, market development potential, profitability, and other important subjects. The report is an indispensable guide for positioning one's business in a highly competitive market landscape. The report is tailored according to our client's needs and their current foothold in the global Cotton Spinning Machinery market. The research presents a greater picture of the market…
ASEAN Construction Machinery Market Competitive Insights and Precise Outlook 202 …
ASEAN Construction Machinery Market - Growth. Trends And Forecasts (2020-2025)
The report presents an in-depth assessment of the ASEAN Construction Machinery including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for ASEAN Construction Machinery investments from 2020 till 2025.
The ASEAN construction machinery market is expected to register a CAGR…
Myanmar Agriculture Machinery Market, Myanmar Agriculture Machinery Industry, My …
High Focus on Agriculture Sector: Myanmar has been an agriculture dependent country historically. Currently, agriculture sector employs more than 60% of the country’s population; therefore it is one of the top developmental priorities for the government. The agriculture sector accounted for one-third of the Myanmar Economy in 2011, valued at USD 19.5 Bn. However, it declined lately contributing to one-fourth of the economy, with a value of USD 17.5 Bn.…
Global Machinery Leasing Market | Global Machinery Leasing Industry | Global Mac …
The machinery rental market contains of sales of machinery rental services by entities (organizations, sole traders and partnerships) which rent out or lease commercial-type and industrial-type machinery and apparatus. Formations in this usually offer capital or investment-type equipment which clients utilize within their business operations. These institutions normally cater to a business clientele and do not usually operate a retail-like or storefront facility.
According to the analysis, ‘Machinery Leasing Global…
Riveting Machines Market 2028 | Kaihung Machinery, Tipen, Orbitform, AGME, BALTE …
This detailed market study covers Riveting Machines Market growth potentials which can assist the stake holders to understand key trends and prospects in Riveting machines Market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The…
Rice Milling Market 2019:Rice Whitening Machinery, Pre Cleaner Machinery, Paddy …
The Rice milling is the process that helps in removal of hulls and bran’s from paddy grains to produce polished rice.
The worldwide Rice Milling market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales…
