Oil & Gas Field Machinery & Equipment Manufacturing Industry: Statistics, Forecasts, and Company Data
Oil & Gas Field Machinery & Equipment Manufacturing - Market Size and Industry Forecast
The 2023 Oil and Gas Field Machinery and Equipment Manufacturing Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the oil & gas field machinery & equipment manufacturing industry.
| Historical | Forecasted |
|---|
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|
| Market Size (Total Revenue) | 
|
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial data.Industry Revenue ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Oil & Gas Field Machinery & Equipment Manufacturing - Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Oil & Gas Field Machinery & Equipment Manufacturing companies in the United States.
Oil & Gas Field Machinery & Equipment Manufacturing Revenue by State
Distribution by Company Size
| Company Size | All Industries | Oil & Gas Field Machinery & Equipment Manufacturing |
|---|
| Small Business (< 5 Employees) |
|
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Oil & Gas Field Machinery & Equipment Manufacturing - Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue |
|
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Oil & Gas Field Machinery & Equipment Manufacturing - Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios |
|
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Oil & Gas Field Machinery & Equipment Manufacturing - Product Mix
| Product Description | Description | Revenue
($ Millions) |
|---|
Oil and gas field machinery and equipment |
|
Rotary oil and gas field drilling machinery and equipment |
Rotary oil & gas field drilling machinery/equip, exc parts |
Parts, rotary oil/gas field drilling equip, sold separately |
Rotary oil & gas field drilling machinery and equip, nsk |
Other oil & gas field drilling machinery and equip |
Other oil & gas field drilling machinery/equip, exc parts |
Parts, oth oil & gas field drilling equip, sold separately |
Other oil & gas field drilling machinery/equip, nsk |
Oil & gas field prod machinery/equip, (exc pumps) |
Oil & Gas Field Machinery & Equipment Manufacturing - Compensation and Salary Surveys
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 7% |
|
| Chief Executives | 0% |
| General and Operations Managers | 2% |
| Architecture and Engineering Occupations | 10% |
| Engineers | 7% |
| Office and Administrative Support Occupations | 10% |
| Production Occupations | 52% |
| Assemblers and Fabricators | 17% |
| Assemblers and Fabricators, All Other, Including Team Assemblers | 12% |
| Metal Workers and Plastic Workers | 26% |
| Machinists | 7% |
| Machinists | 7% |
| Welding, Soldering, and Brazing Workers | 6% |
| Welders, Cutters, Solderers, and Brazers | 6% |
| Other Production Occupations | 6% |
Government Contracts
In the past, the federal government spent an annual total of
$5,623,344 on the oil & gas field machinery & equipment manufacturing industry. It has awarded 131 contracts to 37 companies, with an average value of $151,982 per company.
Oil & Gas Field Machinery & Equipment Manufacturing and Adjacent Industries - Top Companies
| Company | Address | Revenue
($ Millions) |
|---|
|
