Oil & Gas Field Equipment Manufacturing
Competitive Landscape
Demand is driven by oil and gas prices. The profitability of individual companies depends on engineering expertise and efficient production operations. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing. The industry is capital-intensive: average annual revenue per employee is $350,000.
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Opportunities
Reducing Dependence on Foreign Oil - The US government has recognized the need to reduce dependence on oil imports, especially from the Middle East. The US currently imports just over 50...
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Business Challenges
Demand Tied to Oil and Gas Prices - The willingness of oil and gas companies to invest in equipment is largely tied to oil and gas prices, which can be extremely volatile. The...
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