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Steel Sucker Rod-Global Market Insights and Sales Trends 2025
Synopsis
Steel sucker rods are integral components used in the oil and gas industry for the process of artificial lift. Artificial lift refers to various methods employed to increase the flow of hydrocarbons (crude oil and natural gas) from wells to the surface when the reservoir's natural energy is insufficient. Sucker rods play a vital role in reciprocating rod lift systems, which are one of the most common types of artificial lift methods.
The global Steel Sucker Rod market size is expected to reach US$ 823.7 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Steel Sucker Rod in various end use industries. The expanding demands from the No Corrosion or Effective Suppression Oil Well and Corrosive Oil Well, are propelling Steel Sucker Rod market. Carbon Steel, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Alloy Steel segment is estimated at % CAGR for the next seven-year period.
Steel sucker rods are important components used in the oil and gas industry for the artificial lifting of fluids, including crude oil and natural gas, from wells. These rods are crucial for maintaining production levels from oil and gas reservoirs. The growth potential for steel sucker rods is influenced by factors related to the energy market, drilling activities, and the overall demand for hydrocarbons. Here are some considerations for the growth of steel sucker rods:
1. Oil and Gas Demand: The global demand for oil and gas continues to drive exploration and production activities, which in turn affects the demand for equipment like sucker rods.
2. Well Productivity: As oil and gas wells age, their natural production declines, necessitating artificial lifting methods like sucker rod pumping to maintain or enhance production rates.
3. Reservoir Characteristics: Wells with certain reservoir characteristics, such as low pressure or high viscosity, often require artificial lift techniques like sucker rod pumping.
4. Technological Advancements: Innovations in sucker rod materials and designs lead to more efficient and durable rods, improving overall well performance.
5. Well Count: The number of producing wells affects the overall demand for sucker rods, particularly in mature oil and gas fields with a significant number of wells.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Steel Sucker Rod, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Steel Sucker Rod market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Steel Sucker Rod market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Steel Sucker Rod sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Steel Sucker Rod covered in this report include Dover, Weatherford, Exceed, keruigroup, Nine Ring, Jiyuan Petroleum Machinery, John Crane, DADI Petroleum Machinery and Shengli Oilfield Highland, etc.
The global Steel Sucker Rod market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Dover
Weatherford
Exceed
keruigroup
Nine Ring
Jiyuan Petroleum Machinery
John Crane
DADI Petroleum Machinery
Shengli Oilfield Highland
Global Steel Sucker Rod market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Steel Sucker Rod market, Segment by Type:
Carbon Steel
Alloy Steel
Global Steel Sucker Rod market, by Application
No Corrosion or Effective Suppression Oil Well
Corrosive Oil Well
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Steel Sucker Rod manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Steel Sucker Rod in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Steel sucker rods are integral components used in the oil and gas industry for the process of artificial lift. Artificial lift refers to various methods employed to increase the flow of hydrocarbons (crude oil and natural gas) from wells to the surface when the reservoir's natural energy is insufficient. Sucker rods play a vital role in reciprocating rod lift systems, which are one of the most common types of artificial lift methods.
The global Steel Sucker Rod market size is expected to reach US$ 823.7 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Steel Sucker Rod in various end use industries. The expanding demands from the No Corrosion or Effective Suppression Oil Well and Corrosive Oil Well, are propelling Steel Sucker Rod market. Carbon Steel, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Alloy Steel segment is estimated at % CAGR for the next seven-year period.
Steel sucker rods are important components used in the oil and gas industry for the artificial lifting of fluids, including crude oil and natural gas, from wells. These rods are crucial for maintaining production levels from oil and gas reservoirs. The growth potential for steel sucker rods is influenced by factors related to the energy market, drilling activities, and the overall demand for hydrocarbons. Here are some considerations for the growth of steel sucker rods:
1. Oil and Gas Demand: The global demand for oil and gas continues to drive exploration and production activities, which in turn affects the demand for equipment like sucker rods.
2. Well Productivity: As oil and gas wells age, their natural production declines, necessitating artificial lifting methods like sucker rod pumping to maintain or enhance production rates.
3. Reservoir Characteristics: Wells with certain reservoir characteristics, such as low pressure or high viscosity, often require artificial lift techniques like sucker rod pumping.
4. Technological Advancements: Innovations in sucker rod materials and designs lead to more efficient and durable rods, improving overall well performance.
5. Well Count: The number of producing wells affects the overall demand for sucker rods, particularly in mature oil and gas fields with a significant number of wells.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Steel Sucker Rod, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Steel Sucker Rod market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Steel Sucker Rod market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Steel Sucker Rod sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Steel Sucker Rod covered in this report include Dover, Weatherford, Exceed, keruigroup, Nine Ring, Jiyuan Petroleum Machinery, John Crane, DADI Petroleum Machinery and Shengli Oilfield Highland, etc.
The global Steel Sucker Rod market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Dover
Weatherford
Exceed
keruigroup
Nine Ring
Jiyuan Petroleum Machinery
John Crane
DADI Petroleum Machinery
Shengli Oilfield Highland
Global Steel Sucker Rod market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Steel Sucker Rod market, Segment by Type:
Carbon Steel
Alloy Steel
Global Steel Sucker Rod market, by Application
No Corrosion or Effective Suppression Oil Well
Corrosive Oil Well
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Steel Sucker Rod manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Steel Sucker Rod in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Steel Sucker Rod Market Overview
1.1 Steel Sucker Rod Product Overview
1.2 Steel Sucker Rod Market Segment by Type
1.2.1 Carbon Steel
1.2.2 Alloy Steel
1.3 Global Steel Sucker Rod Market Size by Type
1.3.1 Global Steel Sucker Rod Market Size Overview by Type (2018-2029)
1.3.2 Global Steel Sucker Rod Historic Market Size Review by Type (2018-2023)
1.3.3 Global Steel Sucker Rod Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Steel Sucker Rod Sales Breakdown by Type (2018-2023)
1.4.2 Europe Steel Sucker Rod Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Steel Sucker Rod Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Steel Sucker Rod Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Steel Sucker Rod Sales Breakdown by Type (2018-2023)
2 Global Steel Sucker Rod Market Competition by Company
2.1 Global Top Players by Steel Sucker Rod Sales (2018-2023)
2.2 Global Top Players by Steel Sucker Rod Revenue (2018-2023)
2.3 Global Top Players by Steel Sucker Rod Price (2018-2023)
2.4 Global Top Manufacturers Steel Sucker Rod Manufacturing Base Distribution, Sales Area, Product Type
2.5 Steel Sucker Rod Market Competitive Situation and Trends
2.5.1 Steel Sucker Rod Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Steel Sucker Rod Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Steel Sucker Rod as of 2022)
2.7 Date of Key Manufacturers Enter into Steel Sucker Rod Market
2.8 Key Manufacturers Steel Sucker Rod Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Steel Sucker Rod Status and Outlook by Region
3.1 Global Steel Sucker Rod Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Steel Sucker Rod Historic Market Size by Region
3.2.1 Global Steel Sucker Rod Sales in Volume by Region (2018-2023)
3.2.2 Global Steel Sucker Rod Sales in Value by Region (2018-2023)
3.2.3 Global Steel Sucker Rod Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Steel Sucker Rod Forecasted Market Size by Region
3.3.1 Global Steel Sucker Rod Sales in Volume by Region (2024-2029)
3.3.2 Global Steel Sucker Rod Sales in Value by Region (2024-2029)
3.3.3 Global Steel Sucker Rod Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Steel Sucker Rod by Application
4.1 Steel Sucker Rod Market Segment by Application
4.1.1 No Corrosion or Effective Suppression Oil Well
4.1.2 Corrosive Oil Well
4.2 Global Steel Sucker Rod Market Size by Application
4.2.1 Global Steel Sucker Rod Market Size Overview by Application (2018-2029)
4.2.2 Global Steel Sucker Rod Historic Market Size Review by Application (2018-2023)
4.2.3 Global Steel Sucker Rod Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Steel Sucker Rod Sales Breakdown by Application (2018-2023)
4.3.2 Europe Steel Sucker Rod Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Steel Sucker Rod Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Steel Sucker Rod Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Steel Sucker Rod Sales Breakdown by Application (2018-2023)
5 North America Steel Sucker Rod by Country
5.1 North America Steel Sucker Rod Historic Market Size by Country
5.1.1 North America Steel Sucker Rod Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Steel Sucker Rod Sales in Volume by Country (2018-2023)
5.1.3 North America Steel Sucker Rod Sales in Value by Country (2018-2023)
5.2 North America Steel Sucker Rod Forecasted Market Size by Country
5.2.1 North America Steel Sucker Rod Sales in Volume by Country (2024-2029)
5.2.2 North America Steel Sucker Rod Sales in Value by Country (2024-2029)
6 Europe Steel Sucker Rod by Country
6.1 Europe Steel Sucker Rod Historic Market Size by Country
6.1.1 Europe Steel Sucker Rod Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Steel Sucker Rod Sales in Volume by Country (2018-2023)
6.1.3 Europe Steel Sucker Rod Sales in Value by Country (2018-2023)
6.2 Europe Steel Sucker Rod Forecasted Market Size by Country
6.2.1 Europe Steel Sucker Rod Sales in Volume by Country (2024-2029)
6.2.2 Europe Steel Sucker Rod Sales in Value by Country (2024-2029)
7 Asia-Pacific Steel Sucker Rod by Region
7.1 Asia-Pacific Steel Sucker Rod Historic Market Size by Region
7.1.1 Asia-Pacific Steel Sucker Rod Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Steel Sucker Rod Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Steel Sucker Rod Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Steel Sucker Rod Forecasted Market Size by Region
7.2.1 Asia-Pacific Steel Sucker Rod Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Steel Sucker Rod Sales in Value by Region (2024-2029)
8 Latin America Steel Sucker Rod by Country
8.1 Latin America Steel Sucker Rod Historic Market Size by Country
8.1.1 Latin America Steel Sucker Rod Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Steel Sucker Rod Sales in Volume by Country (2018-2023)
8.1.3 Latin America Steel Sucker Rod Sales in Value by Country (2018-2023)
8.2 Latin America Steel Sucker Rod Forecasted Market Size by Country
8.2.1 Latin America Steel Sucker Rod Sales in Volume by Country (2024-2029)
8.2.2 Latin America Steel Sucker Rod Sales in Value by Country (2024-2029)
9 Middle East and Africa Steel Sucker Rod by Country
9.1 Middle East and Africa Steel Sucker Rod Historic Market Size by Country
9.1.1 Middle East and Africa Steel Sucker Rod Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Steel Sucker Rod Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Steel Sucker Rod Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Steel Sucker Rod Forecasted Market Size by Country
9.2.1 Middle East and Africa Steel Sucker Rod Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Steel Sucker Rod Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Dover
10.1.1 Dover Company Information
10.1.2 Dover Introduction and Business Overview
10.1.3 Dover Steel Sucker Rod Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Dover Steel Sucker Rod Products Offered
10.1.5 Dover Recent Development
10.2 Weatherford
10.2.1 Weatherford Company Information
10.2.2 Weatherford Introduction and Business Overview
10.2.3 Weatherford Steel Sucker Rod Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Weatherford Steel Sucker Rod Products Offered
10.2.5 Weatherford Recent Development
10.3 Exceed
10.3.1 Exceed Company Information
10.3.2 Exceed Introduction and Business Overview
10.3.3 Exceed Steel Sucker Rod Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Exceed Steel Sucker Rod Products Offered
10.3.5 Exceed Recent Development
10.4 keruigroup
10.4.1 keruigroup Company Information
10.4.2 keruigroup Introduction and Business Overview
10.4.3 keruigroup Steel Sucker Rod Sales, Revenue and Gross Margin (2018-2023)
10.4.4 keruigroup Steel Sucker Rod Products Offered
10.4.5 keruigroup Recent Development
10.5 Nine Ring
10.5.1 Nine Ring Company Information
10.5.2 Nine Ring Introduction and Business Overview
10.5.3 Nine Ring Steel Sucker Rod Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nine Ring Steel Sucker Rod Products Offered
10.5.5 Nine Ring Recent Development
10.6 Jiyuan Petroleum Machinery
10.6.1 Jiyuan Petroleum Machinery Company Information
10.6.2 Jiyuan Petroleum Machinery Introduction and Business Overview
10.6.3 Jiyuan Petroleum Machinery Steel Sucker Rod Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Jiyuan Petroleum Machinery Steel Sucker Rod Products Offered
10.6.5 Jiyuan Petroleum Machinery Recent Development
10.7 John Crane
10.7.1 John Crane Company Information
10.7.2 John Crane Introduction and Business Overview
10.7.3 John Crane Steel Sucker Rod Sales, Revenue and Gross Margin (2018-2023)
10.7.4 John Crane Steel Sucker Rod Products Offered
10.7.5 John Crane Recent Development
10.8 DADI Petroleum Machinery
10.8.1 DADI Petroleum Machinery Company Information
10.8.2 DADI Petroleum Machinery Introduction and Business Overview
10.8.3 DADI Petroleum Machinery Steel Sucker Rod Sales, Revenue and Gross Margin (2018-2023)
10.8.4 DADI Petroleum Machinery Steel Sucker Rod Products Offered
10.8.5 DADI Petroleum Machinery Recent Development
10.9 Shengli Oilfield Highland
10.9.1 Shengli Oilfield Highland Company Information
10.9.2 Shengli Oilfield Highland Introduction and Business Overview
10.9.3 Shengli Oilfield Highland Steel Sucker Rod Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Shengli Oilfield Highland Steel Sucker Rod Products Offered
10.9.5 Shengli Oilfield Highland Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Steel Sucker Rod Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Steel Sucker Rod Industrial Chain Analysis
11.4 Steel Sucker Rod Market Dynamics
11.4.1 Steel Sucker Rod Industry Trends
11.4.2 Steel Sucker Rod Market Drivers
11.4.3 Steel Sucker Rod Market Challenges
11.4.4 Steel Sucker Rod Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Steel Sucker Rod Distributors
12.3 Steel Sucker Rod Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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