SIC 3586 Measuring and Dispensing Pumps

SIC 3586

The measuring and dispensing pumps industry is comprised of establishments primarily engaged in manufacturing pumps used in service stations for dispensing gas, oil, and grease. This category also includes grease guns. Industrial pumps are classified in SIC 3561: Pumps and Pumping Equipment.

NAICS CODE(S)

333913

Measuring and Dispensing Pump Manufacturing

According to the U.S. Census Bureau, 38 establishments operated in this category for part or all of 2004. Industry-wide employment totaled approximately 4,345 workers receiving a payroll of more than $211 million. Companies in this industry tended to be smaller in size, with nearly 45 percent employing less than 20 workers. The Annual Survey of Manufactures reported that overall shipments for the industry were valued at nearly $946 million in 2005. Additionally, for the industry a total of 1,790 employees worked in production in 2004, putting in nearly 3.7 million hours to earn wages of more than $66 million.

The largest U.S. company primarily engaged in the production of service station pumps and equipment in 2005 was Graco Inc. of Minneapolis, Minnesota. Graco boasted sales of nearly $732 million and had 2,100 employees. These numbers exceeded 2001 sales figures by $245 million, or about 33 percent, and employment increased by 200 positions. Second was Burr Ridge, Illinois-based Tuthill Corp., with more than $399 million in 2005 sales and 30 employees. Gorman-Rupp Co. of Mansfield, Ohio, placed third, with $226 million in 2005 sales and more than 1,000 employees.

There are three subcategories of measuring and dispensing pumps. In 1997 the first subcategory of multi-pump units, which offer several grades of gasoline from the same pump, accounted for about 38 percent of industry shipment values (the 2002 figure was not available). More traditional single-pump units, the second type of measuring and dispensing pumps, maintained a near 15 percent share of the market in 2002. Meanwhile, the third subcategory of lubricating oil pumps, barrel pumps, grease guns, and other miscellaneous measuring and dispensing pumps represented about 32 percent of 2002 shipment values.

Non-industrial gas, oil, and grease pumps were a corollary of the proliferation of cars and trucks during the early and mid-1900s. As American society became increasingly mobile, markets for service station pumps expanded rapidly. Indeed, by the late 1970s the service station...