Market Overview:
The global common sucker rod market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, factors such as rising investments in drilling and exploration activities are also contributing to the growth of this market. The global common sucker rod market is segmented on the basis of type, application, and region. On the basis of type, it is divided into C grade, D grade, K grade, KD grade segments. The C grade segment dominates this market owing to its low price point and wide availability across regions.
Product Definition:
A common sucker rod is a metal bar or tube that is inserted into a well to help pump oil or gas out of the ground.
C Grade:
C-grade is the lowest grade of plastic resins. It has a lower melting point and higher flexibility than other grades. C-grade can be used for injection molding, compression molding, and extrusion processes.
D Grade:
D-grade is a low-quality, inexpensive form of steel that is used in the manufacturing of common sucker rods. These products are intended for use as an alternative to high priced A-grade steel and can be utilized to produce cheaper, lower quality products with approximately the same properties as those made from A grade.
Application Insights:
The global common sucker rod market is segmented on the basis of application into no corrosion or effective suppression oil well, corrosive oil well and others. The other application includes gas-injection and hydraulic fracturing. The no corrosion or effective suppression segment dominated the overall market in terms of revenue share in 2017 owing to its rising adoption across various regions including Asia Pacific, Middle East & Africa and North America. This can be attributed to technological advancements coupled with high production rates resulting in low costumer acceptance for drilling operations as compared to conventional steel pipe systems.
Corrosive oil well is expected to be the fastest growing application over the forecast period due largely to increasing investments by regional governments across countries such as China, India, Vietnam and Indonesia towards development of domestic energy resources thereby supporting demand for drilling equipment including common sucker rods over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing exploration activities coupled with rising investments by foreign players for developing oilfields in countries such as China, India, Vietnam, Thailand and Indonesia. Moreover, growing demand for energy resources due to rapid industrialization and urbanization has led governments across various countries of Asia Pacific region to increase their dependence on fossil fuels which will further boost product demand over the forecast period.
The Middle East & Africa is anticipated to witness significant growth owing high production of crude oil reserves across major economies including Saudi Arabia (Somalia), UAE (UAE) Kuwait Qatar and Angola among others.
Growth Factors:
- Increasing demand from oil and gas industry for Common Sucker Rods as a result of increasing drilling activities across the globe.
- Rising investments in exploration and production activities by oil and gas companies to meet the growing energy needs of emerging economies is expected to drive the market growth over the forecast period.
- Growing number of shale gas reserves across North America is anticipated to create opportunities for Common Sucker Rod market growth over the next few years.
- Technological advancements in sucker rod technology that offer improved performance, longer life, and higher efficiency are projected to boost demand for these products over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Common Sucker Rod Market Research Report
By Type
C Grade, D Grade, K Grade, KD Grade
By Application
No Corrosion or Effective Suppression Oil Well, Corrosive Oil Well
By Companies
Tenaris, Dover, Weatherford, Nine Ring, Kerui Group, Jiyuan Petroleum Machinery, Ocher Machinery, China North Industries Group, John Crane, Shengli Oilfield Highland, Shandong Shenyu Mechanical Manufacture Co.,ltd, Dongying TIEREN, Shouguang Kunlong, CNPC Equipment, Shandong Molong, Shandong Shunyu Petroleum Equipment
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Common Sucker Rod Market Report Segments:
The global Common Sucker Rod market is segmented on the basis of:
Types
C Grade, D Grade, K Grade, KD Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
No Corrosion or Effective Suppression Oil Well, Corrosive Oil Well
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tenaris
- Dover
- Weatherford
- Nine Ring
- Kerui Group
- Jiyuan Petroleum Machinery
- Ocher Machinery
- China North Industries Group
- John Crane
- Shengli Oilfield Highland
- Shandong Shenyu Mechanical Manufacture Co.,ltd
- Dongying TIEREN
- Shouguang Kunlong
- CNPC Equipment
- Shandong Molong
- Shandong Shunyu Petroleum Equipment
Highlights of The Common Sucker Rod Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- C Grade
- D Grade
- K Grade
- KD Grade
- By Application:
- No Corrosion or Effective Suppression Oil Well
- Corrosive Oil Well
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Common Sucker Rod Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A common sucker rod is a fishing tool that helps anglers to reel in fish by attaching to the line and providing leverage.
Some of the major players in the common sucker rod market are Tenaris, Dover, Weatherford, Nine Ring, Kerui Group, Jiyuan Petroleum Machinery, Ocher Machinery, China North Industries Group, John Crane, Shengli Oilfield Highland, Shandong Shenyu Mechanical Manufacture Co.,ltd, Dongying TIEREN, Shouguang Kunlong, CNPC Equipment, Shandong Molong, Shandong Shunyu Petroleum Equipment.
The common sucker rod market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Common Sucker Rod Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Common Sucker Rod Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Common Sucker Rod Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Common Sucker Rod Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Common Sucker Rod Market Size & Forecast, 2018-2028
4.5.1 Common Sucker Rod Market Size and Y-o-Y Growth
4.5.2 Common Sucker Rod Market Absolute $ Opportunity
Chapter 5 Global Common Sucker Rod Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Common Sucker Rod Market Size Forecast by Type
5.2.1 C Grade
5.2.2 D Grade
5.2.3 K Grade
5.2.4 KD Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Common Sucker Rod Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Common Sucker Rod Market Size Forecast by Applications
6.2.1 No Corrosion or Effective Suppression Oil Well
6.2.2 Corrosive Oil Well
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Common Sucker Rod Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Common Sucker Rod Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Common Sucker Rod Analysis and Forecast
9.1 Introduction
9.2 North America Common Sucker Rod Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Common Sucker Rod Market Size Forecast by Type
9.6.1 C Grade
9.6.2 D Grade
9.6.3 K Grade
9.6.4 KD Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Common Sucker Rod Market Size Forecast by Applications
9.10.1 No Corrosion or Effective Suppression Oil Well
9.10.2 Corrosive Oil Well
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Common Sucker Rod Analysis and Forecast
10.1 Introduction
10.2 Europe Common Sucker Rod Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Common Sucker Rod Market Size Forecast by Type
10.6.1 C Grade
10.6.2 D Grade
10.6.3 K Grade
10.6.4 KD Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Common Sucker Rod Market Size Forecast by Applications
10.10.1 No Corrosion or Effective Suppression Oil Well
10.10.2 Corrosive Oil Well
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Common Sucker Rod Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Common Sucker Rod Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Common Sucker Rod Market Size Forecast by Type
11.6.1 C Grade
11.6.2 D Grade
11.6.3 K Grade
11.6.4 KD Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Common Sucker Rod Market Size Forecast by Applications
11.10.1 No Corrosion or Effective Suppression Oil Well
11.10.2 Corrosive Oil Well
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Common Sucker Rod Analysis and Forecast
12.1 Introduction
12.2 Latin America Common Sucker Rod Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Common Sucker Rod Market Size Forecast by Type
12.6.1 C Grade
12.6.2 D Grade
12.6.3 K Grade
12.6.4 KD Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Common Sucker Rod Market Size Forecast by Applications
12.10.1 No Corrosion or Effective Suppression Oil Well
12.10.2 Corrosive Oil Well
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Common Sucker Rod Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Common Sucker Rod Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Common Sucker Rod Market Size Forecast by Type
13.6.1 C Grade
13.6.2 D Grade
13.6.3 K Grade
13.6.4 KD Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Common Sucker Rod Market Size Forecast by Applications
13.10.1 No Corrosion or Effective Suppression Oil Well
13.10.2 Corrosive Oil Well
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Common Sucker Rod Market: Competitive Dashboard
14.2 Global Common Sucker Rod Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tenaris
14.3.2 Dover
14.3.3 Weatherford
14.3.4 Nine Ring
14.3.5 Kerui Group
14.3.6 Jiyuan Petroleum Machinery
14.3.7 Ocher Machinery
14.3.8 China North Industries Group
14.3.9 John Crane
14.3.10 Shengli Oilfield Highland
14.3.11 Shandong Shenyu Mechanical Manufacture Co.,ltd
14.3.12 Dongying TIEREN
14.3.13 Shouguang Kunlong
14.3.14 CNPC Equipment
14.3.15 Shandong Molong
14.3.16 Shandong Shunyu Petroleum Equipment
