Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Rod Lift Market by Type (Beam, Non-beam), By Application (Onshore, Offshore) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Rod Lift Market by Type (Beam, Non-beam), By Application (Onshore, Offshore) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 155201 3300 Machinery & Equipment 377 241 Pages 4.7 (43)

Market Overview:

The global rod lift market is expected 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 number of offshore drilling activities is also contributing to the growth of this market. The global rod lift market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into beam and non-beam types. The beam type segment is expected to hold a major share in this market owing to its high efficiency and low maintenance cost as compared to other types available in this market. On the basis of application, it can be classified into onshore and offshore applications. The onshore application segment is projected to account for a larger share than that of offshore duringthe forecast period owingtoits higher adoption ratesin developed countries such as U .S., Canada,andAustralia .

Global Rod Lift Industry Outlook

Product Definition:

A rod lift is a type of artificial lift used to increase the production rate of an oil or gas well. It is accomplished by pumping a fluid into the producing interval of the well, which creates a column of pressure that lifts the hydrocarbons to the surface.


Beam is the most dominant lifting technology in the market. It accounted for around 60% of total lift volume in 2016. The growth factor can be attributed to factors such as low cost, high load carrying capacity and efficiency, and wide application scope including warehouse & storage, construction & manufacturing industries.

The beam segment is expected to gain momentum owing to its rising penetration across various end-use industries coupled with technological advancements pertaining to material handling equipment design and manufacturing process optimization.


Non-beam is the vertical movement of a vehicle or goods in a warehouse, on the basis of weight and size rather than volume. It is also known as dimensional lifting or palletizing. The process allows to lift products without damaging them and also reduces labor cost by eliminating manual handling.

The global rod lift market has witnessed significant growth over the past few years owing to its rising demand in warehouses for stacking goods efficiently, thereby increasing their storage capacity.

Application Insights:

Onshore was the largest application segment in 2017 and is expected to witness a CAGR of XX% over the forecast period. Increasing oil & gas activities across various regions, including Latin America and Middle East are anticipated to propel rod lift equipment demand in onshore applications. In addition, favorable government regulations for deep-water drilling are likely to augment market growth over the coming years.

Offshore is expected to be one of the fastest growing application segments owing to increasing offshore oil & gas exploration activities globally. Rods used for offshore applications can withstand high pressure and temperature as well as provide stable support during installation operations at sea depths up till 6500 ft below surface level which makes them suitable for this type of projects only.

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 offshore projects in countries such as China, India, Vietnam, Philippines and Indonesia. Furthermore, rising demand for oil & gas from emerging economies such as China and India coupled with growing energy demand is anticipated to drive the overall industry expansion over the next eight years.

The North America market was valued at USD X billion in 2017 owing to high investments deployed for onshore projects across U.S., Canada and Mexico due to regulatory inclination towards green field development along with favorable government policies promoting domestic manufacturing activities are some of the major factors driving regional growth over past few years However; recent trend indicates that offshore drilling activities are gaining momentum due to higher profit margins associated with these operations which will positively impact overall industry expansion during forecast period  8%.

Growth Factors:

  • Increasing demand for oil and gas from developing countries
  • Rising investment in the oil and gas sector
  • Technological advancements in rod lift systems
  • Growing number of mature fields that need to be rejuvenated
  • Increasing focus on safety and environment-friendly operations

Scope Of The Report

Report Attributes

Report Details

Report Title

Rod Lift Market Research Report

By Type

Beam, Non-beam

By Application

Onshore, Offshore

By Companies

Schlumberger, General Electric, Halliburton, Weatherford, Apergy/Dover, National Oilwell Varco, Borets, Novomet

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Rod Lift Market Report Segments:

The global Rod Lift market is segmented on the basis of:


Beam, Non-beam

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.


Onshore, Offshore

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:

  1. Schlumberger
  2. General Electric
  3. Halliburton
  4. Weatherford
  5. Apergy/Dover
  6. National Oilwell Varco
  7. Borets
  8. Novomet

Global Rod Lift Market Overview

Highlights of The Rod Lift Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Beam
    2. Non-beam
  1. By Application:

    1. Onshore
    2. Offshore
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Rod Lift 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

Global Rod Lift Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A rod lift is a device used to raise and lower heavy objects.

Some of the major players in the rod lift market are Schlumberger, General Electric, Halliburton, Weatherford, Apergy/Dover, National Oilwell Varco, Borets, Novomet.

The rod lift market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Rod Lift Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Rod Lift Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Rod Lift Market - Supply Chain
   4.5. Global Rod Lift Market Forecast
      4.5.1. Rod Lift Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Rod Lift Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Rod Lift Market Absolute $ Opportunity

5. Global Rod Lift Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Rod Lift Market Size and Volume Forecast by Type
      5.3.1. Beam
      5.3.2. Non-beam
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Rod Lift Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Rod Lift Market Size and Volume Forecast by Application
      6.3.1. Onshore
      6.3.2. Offshore
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Rod Lift Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Rod Lift Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Rod Lift Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Rod Lift Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Rod Lift Demand Share Forecast, 2019-2026

9. North America Rod Lift Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Rod Lift Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Rod Lift Market Size and Volume Forecast by Application
      9.4.1. Onshore
      9.4.2. Offshore
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Rod Lift Market Size and Volume Forecast by Type
      9.7.1. Beam
      9.7.2. Non-beam
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Rod Lift Demand Share Forecast, 2019-2026

10. Latin America Rod Lift Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Rod Lift Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Rod Lift Market Size and Volume Forecast by Application
      10.4.1. Onshore
      10.4.2. Offshore
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Rod Lift Market Size and Volume Forecast by Type
      10.7.1. Beam
      10.7.2. Non-beam
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Rod Lift Demand Share Forecast, 2019-2026

11. Europe Rod Lift Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Rod Lift Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Rod Lift Market Size and Volume Forecast by Application
      11.4.1. Onshore
      11.4.2. Offshore
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Rod Lift Market Size and Volume Forecast by Type
      11.7.1. Beam
      11.7.2. Non-beam
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.0.4. By Sales Channel
   11.11. Europe Rod Lift Demand Share, 2019-2026

12. Asia Pacific Rod Lift Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Rod Lift Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Rod Lift Market Size and Volume Forecast by Application
      12.4.1. Onshore
      12.4.2. Offshore
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Rod Lift Market Size and Volume Forecast by Type
      12.7.1. Beam
      12.7.2. Non-beam
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Rod Lift Demand Share, 2019-2026

13. Middle East & Africa Rod Lift Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Rod Lift Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Rod Lift Market Size and Volume Forecast by Application
      13.4.1. Onshore
      13.4.2. Offshore
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Rod Lift Market Size and Volume Forecast by Type
      13.7.1. Beam
      13.7.2. Non-beam
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Rod Lift Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Rod Lift Market: Market Share Analysis
   14.2. Rod Lift Distributors and Customers
   14.3. Rod Lift Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Schlumberger Overview Financials Developments Strategic Outlook
      14.4.2. General Electric Overview Financials Developments Strategic Outlook
      14.4.3. Halliburton Overview Financials Developments Strategic Outlook
      14.4.4. Weatherford Overview Financials Developments Strategic Outlook
      14.4.5. Apergy/Dover Overview Financials Developments Strategic Outlook
      14.4.6. National Oilwell Varco Overview Financials Developments Strategic Outlook
      14.4.7. Borets Overview Financials Developments Strategic Outlook
      14.4.8. Novomet Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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