Market Overview:
The global sucker rod coupling market is estimated to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing exploration and production activities in offshore areas are expected to drive the growth of this market during the forecast period. The grade T sucker rod coupling segment is projected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to its properties such as high strength, toughness, and wear resistance that make it suitable for use in harsh environments such as offshore areas. The oil industry segment is expected to dominate the global sucker rod coupling market during 2018-2030 owing to its high demand for these couplings from various end-use industries across different regions.
Product Definition:
A sucker rod coupling is a device that links together two or more sucker rods. This allows the pump to move the oil up and down the well more easily.
Grade T Sucker Rod Couplings:
Grade T Sucker Rod Couplings is a kind of coupling used in the manufacturing process of hydraulic and pneumatic hoses. It has an internal thread, which enables it to be coupled with another component. The product finds its application in various industries including oil & gas, construction, automotive and aerospace among others.
Grade SM CO-HARD Sucker Rod Couplings:
Grade SM CO-HARD Sucker Rod Couplings are used in the manufacturing of couplings for air and water. These couplings are manufactured using high strength steel that is cold-forged, which offers superior fatigue resistance. The product also provides high load capacity and excellent corrosion resistance under severe operating conditions.
Application Insights:
The oil industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this sector can be attributed to increasing demand for crude oil from emerging economies such as China, India, Brazil and Mexico. These countries are constructing new refineries which will increase the production of petroleum products including gasoline and diesel over the forecast period. This will further propel product demand in this application segment.
The others segment includes chemical industry, power generation plants etc., Chemical & petrochemicals accounted for a significant share in 2017 owing to growing utilization of chemicals that require precise measurements during their production process at various stages including feedstock selection & processing along with rising need for automation at these facilities which requires SRCs (Sucker Rod Couplings).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major oil and gas E&P companies in this region. The U.S., being an energy-rich nation, is a key contributor to the North American regional market. Furthermore, technological advancements coupled with high demand for natural gas as a fuel are expected to drive industry growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the coming years owing to increasing exploration and production activities across economies such as China, India, Indonesia among others which are contributing significantly towards overall revenue generation in this region.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investments in the oil and gas sector
- Growing exploration and production activities of oil and gas reserves
- Technological advancements in sucker rod coupling products
- Increasing number of drilling rigs
Scope Of The Report
Report Attributes
Report Details
Report Title
Sucker Rod Couplings Market Research Report
By Type
Grade T Sucker Rod Couplings, Grade SM CO-HARD Sucker Rod Couplings
By Application
Oil Industry, Others
By Companies
Duxaoil, Plainsman Mfg. Inc, Hengshui Haiwang, Penguin’s manufacturing, Apergy, Dynatec International Ltd, HENAN SUNJOY MM COMMERCE AND TRADE CO., LTD, Henan Dongfanglong Machine, SINOPEC, Gearench, Duxaoil, Oilfield Improvements, Inc.
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Sucker Rod Couplings Market Report Segments:
The global Sucker Rod Couplings market is segmented on the basis of:
Types
Grade T Sucker Rod Couplings, Grade SM CO-HARD Sucker Rod Couplings
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
Oil Industry, Others
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:
- Duxaoil
- Plainsman Mfg. Inc
- Hengshui Haiwang
- Penguin’s manufacturing
- Apergy
- Dynatec International Ltd
- HENAN SUNJOY MM COMMERCE AND TRADE CO., LTD
- Henan Dongfanglong Machine
- SINOPEC
- Gearench
- Duxaoil
- Oilfield Improvements, Inc.
Highlights of The Sucker Rod Couplings 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:
- Grade T Sucker Rod Couplings
- Grade SM CO-HARD Sucker Rod Couplings
- By Application:
- Oil Industry
- Others
- 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 Sucker Rod Couplings 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?
Sucker rod couplings are a type of coupling that is used to connect two pieces of pipe. They are also known as sucker rods, and they use a metal or plastic tube that fits inside the other piece of pipe. The metal or plastic tube is inserted into the other piece of pipe, and then it is tightened using a nut or bolt. This connection allows water to flow freely between the two pipes
Some of the major players in the sucker rod couplings market are Duxaoil, Plainsman Mfg. Inc, Hengshui Haiwang, Penguin’s manufacturing, Apergy, Dynatec International Ltd, HENAN SUNJOY MM COMMERCE AND TRADE CO., LTD, Henan Dongfanglong Machine, SINOPEC, Gearench, Duxaoil, Oilfield Improvements, Inc..
The sucker rod couplings 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 Sucker Rod Couplings 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 Sucker Rod Couplings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sucker Rod Couplings 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 Sucker Rod Couplings 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 Sucker Rod Couplings Market Size & Forecast, 2018-2028
4.5.1 Sucker Rod Couplings Market Size and Y-o-Y Growth
4.5.2 Sucker Rod Couplings Market Absolute $ Opportunity
Chapter 5 Global Sucker Rod Couplings 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 Sucker Rod Couplings Market Size Forecast by Type
5.2.1 Grade T Sucker Rod Couplings
5.2.2 Grade SM CO-HARD Sucker Rod Couplings
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sucker Rod Couplings 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 Sucker Rod Couplings Market Size Forecast by Applications
6.2.1 Oil Industry
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sucker Rod Couplings 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 Sucker Rod Couplings 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 Sucker Rod Couplings Analysis and Forecast
9.1 Introduction
9.2 North America Sucker Rod Couplings 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 Sucker Rod Couplings Market Size Forecast by Type
9.6.1 Grade T Sucker Rod Couplings
9.6.2 Grade SM CO-HARD Sucker Rod Couplings
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 Sucker Rod Couplings Market Size Forecast by Applications
9.10.1 Oil Industry
9.10.2 Others
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 Sucker Rod Couplings Analysis and Forecast
10.1 Introduction
10.2 Europe Sucker Rod Couplings 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 Sucker Rod Couplings Market Size Forecast by Type
10.6.1 Grade T Sucker Rod Couplings
10.6.2 Grade SM CO-HARD Sucker Rod Couplings
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 Sucker Rod Couplings Market Size Forecast by Applications
10.10.1 Oil Industry
10.10.2 Others
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 Sucker Rod Couplings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sucker Rod Couplings 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 Sucker Rod Couplings Market Size Forecast by Type
11.6.1 Grade T Sucker Rod Couplings
11.6.2 Grade SM CO-HARD Sucker Rod Couplings
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 Sucker Rod Couplings Market Size Forecast by Applications
11.10.1 Oil Industry
11.10.2 Others
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 Sucker Rod Couplings Analysis and Forecast
12.1 Introduction
12.2 Latin America Sucker Rod Couplings 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 Sucker Rod Couplings Market Size Forecast by Type
12.6.1 Grade T Sucker Rod Couplings
12.6.2 Grade SM CO-HARD Sucker Rod Couplings
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 Sucker Rod Couplings Market Size Forecast by Applications
12.10.1 Oil Industry
12.10.2 Others
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) Sucker Rod Couplings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sucker Rod Couplings 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) Sucker Rod Couplings Market Size Forecast by Type
13.6.1 Grade T Sucker Rod Couplings
13.6.2 Grade SM CO-HARD Sucker Rod Couplings
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) Sucker Rod Couplings Market Size Forecast by Applications
13.10.1 Oil Industry
13.10.2 Others
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 Sucker Rod Couplings Market: Competitive Dashboard
14.2 Global Sucker Rod Couplings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Duxaoil
14.3.2 Plainsman Mfg. Inc
14.3.3 Hengshui Haiwang
14.3.4 Penguin’s manufacturing
14.3.5 Apergy
14.3.6 Dynatec International Ltd
14.3.7 HENAN SUNJOY MM COMMERCE AND TRADE CO., LTD
14.3.8 Henan Dongfanglong Machine
14.3.9 SINOPEC
14.3.10 Gearench
14.3.11 Duxaoil
14.3.12 Oilfield Improvements, Inc.
