History
Oil, gas, and mining developed as major industrial sectors during the 19th and 20th centuries, alongside advances in drilling, pumping, hauling, crushing, and processing equipment. Early activity focused on surface extraction and simple mechanical systems, while later offshore drilling, deep mining, and large-scale refining increased the need for specialized machinery built for continuous duty, harsh environments, and high throughput.
Applications
This sector covers equipment used to explore, extract, move, and process raw materials. In oil and gas, machinery supports drilling, well servicing, fluid handling, pressure pumping, and tank storage. In mining, it includes excavation, haulage, ground support, crushing, screening, and material transfer. Buyers and sellers in the used machinery market typically look for robust assets that can operate in remote sites, abrasive conditions, and demanding production cycles.