The Mining And Oil And Gas Field Machinery Manufacturing Global Market Report 2023, provides comprehensive information on the mining and oil and gas field machinery manufacturing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Mining And Oil And Gas Field Machinery Manufacturing Market’s Growth:
As per The Business Research Company’s Mining And Oil And Gas Field Machinery Manufacturing Global Market Report 2023, the market size is expected to grow from $332.26 billion in 2022 to $355.10 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mining and oil and gas field machinery manufacturing market size is expected to reach $445.69 billion in 2027 at a CAGR of 5.8%.
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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 mining and oil and gas field machinery manufacturing market is segmented:
1) By Machinery Types: Oil And Gas Field Machinery And Equipment, Mining Machinery and Equipment, Others Machinery
2) By Application: On-shore, Off-shore
North America was the largest region in the mining and oil and gas field machinery manufacturing market in 2022.
The table of contents in TBRC’s mining and oil and gas field machinery manufacturing market report includes:
- Executive Summary
- Mining And Oil And Gas Field Machinery Manufacturing Market Characteristics
- Mining And Oil And Gas Field Machinery Manufacturing Market Trends And Strategies
- Mining And Oil And Gas Field Machinery Manufacturing Market – Macro Economic Scenario
- Mining And Oil And Gas Field Machinery Manufacturing Market Size And Growth
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- Africa Mining And Oil And Gas Field Machinery Manufacturing Market
- Mining And Oil And Gas Field Machinery Manufacturing Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Mining And Oil And Gas Field Machinery Manufacturing Market
- Mining And Oil And Gas Field Machinery Manufacturing Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, 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. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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