U.S. Oil and Gas Field Machinery and Equipment Market. Analysis and Forecast to 2030
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View PricingU.S.: Market for Oil And Gas Field Machinery And Equipment 2024
Market Size for Oil And Gas Field Machinery And Equipment in the U.S.
In 2023, the U.S. market for oil and gas field machinery and equipment decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, consumption, however, saw a resilient increase. Over the period under review, the market attained the maximum level at $X in 2022, and then fell slightly in the following year.
Production of Oil And Gas Field Machinery And Equipment in the U.S.
In value terms, oil and gas field machinery production rose modestly to $X in 2023. Over the period under review, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.
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Exports of Oil And Gas Field Machinery And Equipment
Exports from the U.S.
In 2023, approx. X units of oil and gas field machinery and equipment were exported from the United States; with an increase of X% compared with the previous year's figure. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the near future.
In value terms, oil and gas field machinery exports surged to $X in 2023. In general, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.
Exports by Country
Mexico (X units) was the main destination for oil and gas field machinery exports from the United States, with a X% share of total exports. Moreover, oil and gas field machinery exports to Mexico exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Malta (X units), with a X% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Malta (X.6% per year).
In value terms, Mexico ($X) remains the key foreign market for oil and gas field machinery and equipment exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.
From 2013 to 2023, the average annual growth rate of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).
Export Prices by Country
In 2023, the average export price for oil and gas field machinery and equipment amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price, however, saw a precipitous contraction. The export price peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Malta ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.
Imports of Oil And Gas Field Machinery And Equipment
Imports into the U.S.
For the fourth consecutive year, the United States recorded growth in supplies from abroad of oil and gas field machinery and equipment, which increased by X% to X units in 2023. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in years to come.
In value terms, oil and gas field machinery imports surged to $X in 2023. In general, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.
Imports by Country
Canada (X units), China (X units) and Austria (X units) were the main suppliers of oil and gas field machinery imports to the United States, together comprising X% of total imports. Singapore, India, Mexico, the UK, Norway, Italy, Germany, Japan, Thailand and South Korea lagged somewhat behind, together comprising a further X%.
From 2013 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Canada ($X), Mexico ($X) and China ($X) were the largest oil and gas field machinery suppliers to the United States, together comprising X% of total imports. Singapore, the UK, Austria, Germany, Italy, Norway, India, Japan, Thailand and South Korea lagged somewhat behind, together accounting for a further X%.
Among the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average import price for oil and gas field machinery and equipment stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the import price, however, recorded a dramatic contraction. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.
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This report provides an in-depth analysis of the market for oil and gas field machinery in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 333132 - Oil and gas field machinery and equipment manufacturing
Companies mentioned:
- Baker Hughes Incorporated
- FMC Technologies
- Weatherford International
- National Oilwell Varco
- Dril-Quip
- Cameron International Corporation
- Forum Energy Technologies
- Sofec
- S.P.M. Flow Control
- J-W Operating Company
- Hydril USA Distribution
- Lincoln Manufacturing
- Derrick Corporation
- Vetco Gray
- TSC Offshore Corporation
- Applied Machinery Corporation
- Rti Energy Systems
- Total Equipment and Service
- Cameron Solutions
- Tesco Corporation
- Natco Group
- Blue Tee Corp.
- Grant Prideco
- National Oilwell Varco
- Iri International Corporation
- Oil States Energy Services
- Ftt Holdings
- Robbins & Myers, Eagle Pipe
- Onesubsea
- Seventy Seven Operating
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
- Price for Oil and Gas Field Machinery the United States
- Production Oil and Gas Field Machinery the United States
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