Market Overview:
The global sucker rod elevators 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 oil and gas exploration and production activities are also contributing to the growth of this market. The global sucker rod elevators market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into plate type sucker rod elevators and solid body sucker rod elevators. Plate type suckers are more popular than solid body suckers as they are less prone to wear-and-tear caused by corrosion in corrosive environments such as oil wells. On the basis of application, it can be classified into no-corrosion oil well applications and corrosive oil well applications. The former category is expected to account for a larger share of this market owing to increased investments in exploration activities for non-corrosive hydrocarbons such as shale gas & tight sands formations across regions such as North America & Europe . Geographically, it can be segmented into five regions: North America , Latin America , Europe , Asia Pacific (APAC), and Middle East & Africa (MEA).
Product Definition:
A sucker rod elevator is a device used to lift sucker rods from the wellhead. The importance of sucker rod elevators is that they prevent damage to the sucker rods, which can occur if they are lifted by hand.
Plate Type Sucker Rod Elevators:
Plate type sucker rod elevators are used in the manufacturing of plate type machinery. They are widely used for loading and unloading flat plates on to conveyor belts or onto trucks. The growth factor in this market is driven by factors such as growing industrialization, technological advancements, globalization of supply chains and rising demand from emerging economies such as China & India among others.
Solid Body Sucker Rod Elevators:
A solid body sucker rod elevator is a device used to elevate heavy loads at the bottom of a mine shaft without any assistance from electric power. The device consists of two arms, which are suspended over the opening in the side of a mine shaft by steel cables. A hoist mechanism is attached to one end of each arm and uses gravity to pull or push payloads up towards the surface where they can be caught by an awaiting vehicle or personnel.
Application Insights:
The global sucker rod elevators market is segmented by application into no-corrosion oil well, corrosive oil well and others. The other applications include high pressure gas wells, deepwater wells and shale gas exploration & production. Corrosive oil well application accounted for the largest revenue share in 2017 owing to the rising demand for crude oil products such as drilling muds, acids and cuttings in various industries including energy generation.
Increasing investments in the development of new sources of petroleum have led to an increase in demand for drilling fluids around the world. This has resulted in a rise of over 300% from 2014 to 2015 with respect to fluid utilization worldwide which further boosts product demand globally during this period.
Regional Analysis:
North America dominated the global market in terms of revenue in 2017. The region is expected to witness moderate growth over the forecast period owing to a decline in drilling activities and oilfield services industry. Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due to increasing demand for wellhead equipment and rising offshore projects across countries such as China, India, Indonesia, Malaysia, Thailand and Vietnam. Moreover, growing investments by international companies are likely to boost demand for sucker rod elevators over the coming years. For instance; In July 2016; Transocean Ltd., an offshore drilling company announced that it had received approval from Chinese government for its new venture which involved exploration of oilfields located off Guangdong Province (China).
The Middle East & Africa region is also anticipated have significant growth opportunities with respect high crude birth rates coupled with increasing petroleum E&P activities especially within Saudi Arabia & UAE (United Arab Emirates).
Growth Factors:
- Increasing demand for crude oil in developing countries
- Rising investment in the oil and gas sector
- Growing use of sucker rod elevators in unconventional oil and gas wells
- Technological advancements in sucker rod elevator systems
- Increasing demand for energy-efficient sucker rod elevator systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Sucker Rod Elevators Market Research Report
By Type
Plate Type Sucker Rod Elevators, Solid Body Sucker Rod Elevators
By Application
No-corrosion Oil Well, Corrosive Oil Well
By Companies
Apergy, Gearench, Taixing Petroleum Machinery, BVM Corporation, Dynatec International, TAIHUA PETROTEC, PEMSCO Ltd., Jiangsu Saifu Petrol- Machinery, Xi'an Qinsen Technology, Tonghua City Qianjin Petro-Machinery, Rudong Taifeng Machinery, Jiangsu Rutong Petro-Machinery, Laizhou Toppower Petroleum Machinery
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Sucker Rod Elevators Market Report Segments:
The global Sucker Rod Elevators market is segmented on the basis of:
Types
Plate Type Sucker Rod Elevators, Solid Body Sucker Rod Elevators
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 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:
- Apergy
- Gearench
- Taixing Petroleum Machinery
- BVM Corporation
- Dynatec International
- TAIHUA PETROTEC
- PEMSCO Ltd.
- Jiangsu Saifu Petrol- Machinery
- Xi'an Qinsen Technology
- Tonghua City Qianjin Petro-Machinery
- Rudong Taifeng Machinery
- Jiangsu Rutong Petro-Machinery
- Laizhou Toppower Petroleum Machinery
Highlights of The Sucker Rod Elevators 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:
- Plate Type Sucker Rod Elevators
- Solid Body Sucker Rod Elevators
- By Application:
- No-corrosion 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 Sucker Rod Elevators 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
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- Consumer Insights
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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 Elevators are a type of elevator that use sucker rods to move people and cargo up or down. They are typically used in mines, factories, and other places where access is difficult or dangerous.
Some of the major players in the sucker rod elevators market are Apergy, Gearench, Taixing Petroleum Machinery, BVM Corporation, Dynatec International, TAIHUA PETROTEC, PEMSCO Ltd., Jiangsu Saifu Petrol- Machinery, Xi'an Qinsen Technology, Tonghua City Qianjin Petro-Machinery, Rudong Taifeng Machinery, Jiangsu Rutong Petro-Machinery, Laizhou Toppower Petroleum Machinery.
The sucker rod elevators 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. Sucker Rod Elevators 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. Sucker Rod Elevators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sucker Rod Elevators Market - Supply Chain
4.5. Global Sucker Rod Elevators Market Forecast
4.5.1. Sucker Rod Elevators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sucker Rod Elevators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sucker Rod Elevators Market Absolute $ Opportunity
5. Global Sucker Rod Elevators 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. Sucker Rod Elevators Market Size and Volume Forecast by Type
5.3.1. Plate Type Sucker Rod Elevators
5.3.2. Solid Body Sucker Rod Elevators
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sucker Rod Elevators 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. Sucker Rod Elevators Market Size and Volume Forecast by Application
6.3.1. No-corrosion Oil Well
6.3.2. Corrosive Oil Well
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sucker Rod Elevators 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. Sucker Rod Elevators 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 Sucker Rod Elevators 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. Sucker Rod Elevators 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 Sucker Rod Elevators Demand Share Forecast, 2019-2026
9. North America Sucker Rod Elevators 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 Sucker Rod Elevators 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 Sucker Rod Elevators Market Size and Volume Forecast by Application
9.4.1. No-corrosion Oil Well
9.4.2. Corrosive Oil Well
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sucker Rod Elevators Market Size and Volume Forecast by Type
9.7.1. Plate Type Sucker Rod Elevators
9.7.2. Solid Body Sucker Rod Elevators
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 Sucker Rod Elevators Demand Share Forecast, 2019-2026
10. Latin America Sucker Rod Elevators 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 Sucker Rod Elevators 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 Sucker Rod Elevators Market Size and Volume Forecast by Application
10.4.1. No-corrosion Oil Well
10.4.2. Corrosive Oil Well
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sucker Rod Elevators Market Size and Volume Forecast by Type
10.7.1. Plate Type Sucker Rod Elevators
10.7.2. Solid Body Sucker Rod Elevators
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 Sucker Rod Elevators Demand Share Forecast, 2019-2026
11. Europe Sucker Rod Elevators 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 Sucker Rod Elevators 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 Sucker Rod Elevators Market Size and Volume Forecast by Application
11.4.1. No-corrosion Oil Well
11.4.2. Corrosive Oil Well
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sucker Rod Elevators Market Size and Volume Forecast by Type
11.7.1. Plate Type Sucker Rod Elevators
11.7.2. Solid Body Sucker Rod Elevators
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analsis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sucker Rod Elevators Demand Share, 2019-2026
12. Asia Pacific Sucker Rod Elevators 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 Sucker Rod Elevators 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 Sucker Rod Elevators Market Size and Volume Forecast by Application
12.4.1. No-corrosion Oil Well
12.4.2. Corrosive Oil Well
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sucker Rod Elevators Market Size and Volume Forecast by Type
12.7.1. Plate Type Sucker Rod Elevators
12.7.2. Solid Body Sucker Rod Elevators
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 Sucker Rod Elevators Demand Share, 2019-2026
13. Middle East & Africa Sucker Rod Elevators 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 Sucker Rod Elevators 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 Sucker Rod Elevators Market Size and Volume Forecast by Application
13.4.1. No-corrosion Oil Well
13.4.2. Corrosive Oil Well
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sucker Rod Elevators Market Size and Volume Forecast by Type
13.7.1. Plate Type Sucker Rod Elevators
13.7.2. Solid Body Sucker Rod Elevators
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 Sucker Rod Elevators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sucker Rod Elevators Market: Market Share Analysis
14.2. Sucker Rod Elevators Distributors and Customers
14.3. Sucker Rod Elevators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Apergy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gearench
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Taixing Petroleum Machinery
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BVM Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dynatec International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TAIHUA PETROTEC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PEMSCO Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jiangsu Saifu Petrol- Machinery
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Xi'an Qinsen Technology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tonghua City Qianjin Petro-Machinery
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Rudong Taifeng Machinery
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jiangsu Rutong Petro-Machinery
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Laizhou Toppower Petroleum Machinery
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
