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Pump Jack Market by Well Type (Vertical and Horizontal), Application (Onshore and Offshore), Weight (Less Than 100,000 Lbs, 100,000 Lbs to 300,000 Lbs, and More Than 300,000 Lbs), and by Region - Global Trends and Forecast to 2022

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Date: 31-Jul-2017
No. of pages: 151
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“The pump jack market is projected to grow at a CAGR of 4.88%, from 2017 to 2022.”

The pump jack market is projected to reach USD 3.63 billion by 2022, growing at a CAGR of 4.88%, from 2017 to 2022. The pump jack is used as an artificial method to produce crude oil from stripper wells and matured oil fields. Approximately two-thirds of the producing oil wells, globally use pump jack for artificially lifting oil from matured wells. Low cost installation, efficiency, and ease of operation makes pump jacks widely accepted in onshore applications. Moderate to high maintenance cost along with limited offshore in oil fields, are constraints for the pump jack market.

“Vertical Well: The largest and fastest growing well type segment of the pump jack market”

The vertical well segment constitutes the largest segment of the pump jack market, by well type, in terms of value. The vertical well is estimated to be the fastest growing segment due to pump jack’s limited application in the horizontal well segment. The vertical drilling is the oldest drilling methods used to extract oil to the surface and the majority of wells drilled for oil production, are vertically oriented. Most of these require pump jacks to produce liquid hydrocarbons. Rising number of matured fields along with increasing energy demands from emerging economics, would drive the pump jack market.

“The North American market is expected to grow at the highest CAGR, from 2017 to 2022.”

The market in North America is the largest market, by value, for pump jack, followed by Asia-Pacific. The North American market is also projected to be the fastest growing market, during the forecast period, owing to mature oil &gas fields and large number of stripper wells particularly in the U.S. The market in North America is also estimated to see the highest growth in the market, as it focuses on increasing its crude oil production.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 60%, Tier 2- 30%, Tier 3- 10%

  • By Designation: C-Level- 60%, D-Level- 30%, Others- 10%

  • By Region: North America- 35%, Europe- 20% Asia-Pacific- 20%, Middle East & Africa- 15%,RoW- 10%


Note: The tier of the companies has been defined on the basis of their total revenue as of 2016: Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = < USD 500 million.

The leading players in the pump jack market includes Schlumberger Limited (U.S.), Halliburton (U.S.), General Electric Oil & Gas (U.K.), Weatherford International, PLC (Switzerland), Dover Corporation (U.S.), and Borets International (U.A.E.), among others.

Report Coverage

The report provides a picture of the pump jack market across its different segments and regions. It aims at estimating the market size and future growth potential of this market, by value. Furthermore, the report also includes in-depth competitive analyses of the key players in the market along with their company profiles, recent developments, competitive leadership mapping, and key market strategies.

Key Benefits of Buying the Report:


  • The report will help market leaders and new entrants in the market by providing them the closest approximations of the revenue numbers for the overall pump jack market and its sub-segments.

  • This report will help stakeholders better understand the competitive landscape and gain insights to better position their businesses and make suitable go-to-market strategies.

  • The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Pump Jack Market by Well Type (Vertical and Horizontal), Application (Onshore and Offshore), Weight (Less Than 100,000 Lbs, 100,000 Lbs to 300,000 Lbs, and More Than 300,000 Lbs), and by Region - Global Trends and Forecast to 2022

Table of Contents

1 Introduction

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Market Dynamics
5.1.1 Introduction
5.1.2 Drivers
5.1.3 Opportunities
5.1.4 Challenges
5.1.5 Restriants

6 Pump Jack Market By Well Type
6.1 Introduction
6.2 Vertical Well
6.3 Horizontal Well

7 Pump Jack Market By Weight
7.1 Introduction
7.2 Market Analysis
7.2.1 Less Than 100,000 lbs
7.2.2 100,000 lbs to 300,000 lbs
7.2.3 More Than 300,000 lbs

8 Pump Jack Market By Application
8.1 Introduction
8.2 Onshore
8.3 Offshore

9 Pump Jack Market By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Russia
9.3.2 Kazakhstan
9.3.3 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Indonesia
9.4.3 Australia
9.4.4 India
9.4.5 Rest of Asia-Pacific
9.5 Central & South America
9.5.1 Brazil
9.5.2 Venezuela
9.5.3 Mexico
9.5.4 Colombia
9.5.5 Ecuador
9.5.6 Rest of Central & South America
9.6 Middle East & Africa
9.6.1 Oman
9.6.2 Kuwait
9.6.3 Saudi Arabia
9.6.4 Angola
9.6.5 UAE
9.6.6 Nigeria
9.6.7 Rest of Middle East & Africa

10 Competitive Landscape
10.1 Overview
10.2 Marekt Ranking, 2016
10.2.1 Competitive Situation & Trends
10.2.2 Visionary Leaders
10.2.3 Innovators
10.2.4 Dynamic Differentiators
10.2.5 Emerging Companies
10.3 Competitive Leadership Mapping: Pump Jack Market
10.4 Competitive Benchmarking
10.4.1 Strength of Product Portfolio (25 Companies)
10.4.2 Business Strategy Excellecne (25 Companies)

11 Company Profiles
(Business Overview, Products & Services, Market Developments)
11.1 Introduction
11.2 Schlumberger Limited
11.3 General Electric Company
11.4 Weatherford International
11.5 Halliburton
11.6 Dover Corporation
11.7 Borets International
11.8 Tenaris S.A.
11.9 National Oilwell Varco
11.10 Hess Corporation
11.11 Star Hydraulics
11.12 Dansco Manufacturing, Inc
11.13 Pentag Gears & Oilfield Equipment, Ltd
11.14 L S Petrochem Equipment Corporation
11.15 Cook Pump Company

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 Pump Jack Market Snapshot
Table 2 Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 3 Vertical Well: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 4 Horizontal Well: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 5 Pump Jack Market Share, By Weight, 2015–2022 (USD Million)
Table 6 Less Than 100,000 lbs Pump Jack Market Size, By Region, 2015–2022 (USD Million)
Table 7 100,000 lbs to 300,000 lbs Pump Jack Market Size, By Region, 2015–2022 (USD Million)
Table 8 More Than 300,000 lbs Pump Jack Market Size, By Region, 2015–2022 (USD Million)
Table 9 Pump Jack Market Size, By Application, 2015–2022 (USD Million)
Table 10 Onshore: Pump Jack Market Size, By Application, 2015–2022 (USD Million)
Table 11 Offshore: Pump Jack Market Size, By Application, 2015–2022 (USD Million)
Table 12 Pump Jack Market Size, By Region, 2015–2022 (USD Million) 56
Table 13 North America: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 14 North America: Pump Jack Market Size, By Application, 2015–2022 (USD Million)
Table 15 North America: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 16 North America: Pump Jack Market Size, By Country, 2015–2022 (USD Million)
Table 17 U.S.: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 18 U.S.: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 19 Canada: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 20 Canada: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 21 Europe: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 22 Europe: Pump Jack Market Size, By Application, 2015–2022 (USD Million)
Table 23 Europe: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 24 Europe: Pump Jack Market Size, By Country, 2015–2022 (USD Million)
Table 25 Russia: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 26 Russia: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 27 Kazakhstan: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 28 Kazakhstan: Pump Jack Market Size, By Weight, 2015–2022 (USD Thousand)
Table 29 Rest of Europe: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 30 Rest of Europe: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 31 Asia-Pacific: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 32 Asia-Pacific: Pump Jack Market Size, By Application, 2015–2022 (USD Million)
Table 33 Asia-Pacific: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 34 Asia-Pacific: Pump Jack Market Size, By Country, 2015–2022 (USD Million)
Table 35 China: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 36 China: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 37 India: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 38 India: Pump Jack Market Size, By Weight, 2015–2022 (USD Thousand)
Table 39 Indonesia: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 40 Indonesia: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 41 Australia: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 42 Australia: Pump Jack Market Size, By Weight, 2015–2022 (USD Thousand)
Table 43 Rest of Asia-Pacific: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 44 Rest of Asia-Pacific: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 45 Central & South America: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 46 Central & South America: Pump Jack Market Size, By Application, 2015–2022 (USD Million)
Table 47 Central & South America: Pump Jack Market Size, By Country, 2015–2022 (USD Million)
Table 48 Central & South America: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 49 Venezuela: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 50 Venezuela: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 51 Brazil: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 52 Brazil: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 53 Mexico: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 54 Mexico: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 55 Colombia: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 56 Colombia: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 57 Ecuador: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 58 Ecuador: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 59 Rest of Central & South America: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 60 Rest of Central & South America: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 61 Middle East & Africa: Pump Jack Market Size, By Well Type, 2015–2022 (USD Million)
Table 62 Middle East & Africa: Pump Jack Market Size, By Application, 2015–2022 (USD Million)
Table 63 Middle East & Africa: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 64 Middle East & Africa: Pump Jack Market Size, By Country, 2015–2022 (USD Million)
Table 65 Angola: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 66 Angola: Pump Jack Market Size, By Weight, 2015–2022 (USD Thousand)
Table 67 Oman: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 68 Oman: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)
Table 69 Nigeria: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 70 Nigeria: Pump Jack Market Size, By Weight, 2015–2022 (USD Thousand)
Table 71 Kuwait: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 72 Kuwait: Pump Jack Market Size, By Weight, 2015–2022 (USD Thousand)
Table 73 Saudi Arabia: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 74 Saudi Arabia: Pump Jack Market Size, By Weight, 2015–2022 (USD Thousand)
Table 75 U.A.E.: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 76 U.A.E.: Pump Jack Market Size, By Weight, 2015–2022 (USD Thousand)
Table 77 Rest of the Middle East & Africa: Pump Jack Market Size, By Well Type, 2015–2022 (USD Thousand)
Table 78 Rest of the Middle East & Africa: Pump Jack Market Size, By Weight, 2015–2022 (USD Million)

List of Figures

Figure 1 Pump Jack Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Estimated Market Shares of the Pump Jack Market, By Region (Value), 2017
Figure 7 The North American Market is Expected to Lead the Pump Jack Market, 2017–2022
Figure 8 Pump Jack Market, By Weight, 2017–2022 (USD Billion)
Figure 9 Pump Jack Market, By Well Type, 2017–2022 (USD Billion)
Figure 10 Attractive Opportunities in the Pump Jack Market
Figure 11 Pump Jack Market Share, By Well Type, 2017–2022
Figure 12 The 100,000 lbs–300,000 lbs Weight Segment is Expected to Hold the Largest Market Share of Pump Jack Market, 2022
Figure 13 The Vertical Well Pump Jack Segment Held the Largest Market Share in 2016
Figure 14 North America: the Largest Market During the Forecast Period
Figure 15 Market Dynamics: Pump Jack Market
Figure 16 Oil Consumption in BRICS Economies, 2014 & 2015
Figure 17 Oil Wells Drilled in the U.S., Horizontal Vis-À-Vis Vertical, 2010–2015
Figure 18 The Vertical Well Segment Accounted for the Largest Market Share in 2016
Figure 19 Pump Jack Market Share (Value), By Application, 2016
Figure 20 100,000 lbs to 300,000 lbs Segment Would Drive the Growth of the Pump Jack Market, 2017 & 2022
Figure 21 The Onshore Segment Accounted for the Largest Market Share in 2016
Figure 22 Regional CAGR Snapshot (2016): the Asia-Pacific Region is Emerging as A New Hotspot for the Pump Jack Market
Figure 23 North America: the Fastest Growing Pump Jack Market, 2017 &2022
Figure 24 North America: Pump Jack Market Overview
Figure 25 Asia Pacific: Pump Jack Market Overview
Figure 26 Companies Adopted Expansions and Investments and Mergers & Acquisitions as Its Key Growth Strategies, 2012–2017
Figure 27 Market Ranking, Pump Jack, 2016
Figure 28 Market Evaluation Framework, 2012–2017
Figure 29 Battle for Market Share (2012–2017): Expansions and Investments Was the Key Strategy Adopted By the Players in the Pump Jack Market
Figure 30 General Electric Oil and Gas: Company Snapshot
Figure 31 Schlumberger Limited: Company Snapshot
Figure 32 Weatherford International, PLC: Company Snapshot
Figure 33 Halliburton Company: Company Snapshot
Figure 34 National Oilwell Varco, Inc.: Company Snapshot
Figure 35 Borets International Limited: Company Snapshot 116
Figure 36 Dover Corporation: Company Snapshot 119
Figure 37 Tenaris S.A.: Company Snapshot 124

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