Oil and Gas Industry Spare Parts Manufacturers
Delivered October 26, 2019. Contributor: ChristineD
Goals
Determine five of the top spare parts manufacturers and other relevant details. The information will be used to understand the marketing spending and other related information on a company's competitors.
Early Findings
Oil and Gas Industry Spare Parts Manufacturers
Master Valve USA
- Master Valve USA Inc. manufactures API 6A ball valves and other spare parts for the oil and gas industry.
- The company has a revenue of $4 million.
- There were no publicly available reports that show the company's marketing expenditure.
- Based on a study, the average marketing spend amount of companies is around 7.5% of their total revenues.
- Based on this, Master Valve USA's marketing spending can be derived as (7.5% X $4 million) $300,000.
- The study also mentioned that for B2B companies that provide products, around 50% of their marketing budgets are spent on social media.
- Given this, the social media marketing expense of Master Valve can be calculated as follows: 50% X $300,000 = $150,000.
- Master Valve USA has a YouTube channel with 12 subscribers.
Valveworks USA
- Valveworks USA manufactures API 6A ball valves and other spare parts for the oil and gas industry.
- The company has a revenue of $49.2 million.
- There were no publicly available reports that show the company's marketing expenditure.
- Based on a study, the average marketing spend amount of companies is around 7.5% of their total revenues.
- Based on this, Master Valve USA's marketing spending can be derived as (7.5% X $49.2 million) $3.69 million.
- The study also mentioned that for B2B companies that provide products, around 50% of their marketing budgets are spent on social media.
- Given this, the social media marketing expense of Master Valve can be calculated as follows: 50% X $3.69 million = $1.85 million.
- Valveworks USA has a YouTube channel and a Facebook account.
- It has 86 subscribers on its YouTube channel.
- On Facebook, it has 217 followers.
Top Social Media Accounts of Oil and Gas Companies
- Based on a compiled list of the top social media accounts of oil and gas companies, the common social media platforms that they are using are LinkedIn and Twitter.
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