Product Code: GVR-4-68040-364-0
Pump Jack Market Size & Trends
The global pump jack marketsize was estimated at USD 3,351.8 million in 2023 and is projected to expand at a CAGR of 5.3% from 2024 to 2030. The increasing global demand for oil has led to a surge in the need for pump jacks. Moreover, pumps jacks offer high value in onshore drilling which is less expensive than offshore drilling, making it a preferred method for extracting oil from mature fields. The increasing demand for onshore drilling is creating a conducive environment for market growth.
Despite the growing focus on renewable energy sources, the demand for pump jacks remains high due to the continued reliance on fossil fuels. This reliance is expected to continue, driving the demand for pump jacks. Additionally, the integration of automation in oil extraction processes has significantly boosted the demand for pump jacks. Automation enhances efficiency and reduces labor costs, making it a crucial aspect of modern oil extraction methods. Furthermore, the rise in new exploration fields and the advancement of shale oil in North America have increased the demand for pump jacks. These new fields require efficient and cost-effective extraction methods, which pump jacks provide.
Global Pump Jack Market Report Segmentation
This report forecasts revenue growth at global; regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For this study; Grand View Research has segmented the global pump jack market based on the well, weight, application, and region:
- Well Outlook (Revenue; USD Million; 2018 - 2030)
- Vertical Well
- Horizontal Well
- Weight Outlook (Revenue; USD Million; 2018 - 2030)
- Less Than 100;000 lbs
- 100;000 lbs to 300;000 lbs
- More Than 300;000 lbs
- Application Outlook (Revenue; USD Million; 2018 - 2030)
- Onshore
- Offshore
- Regional Outlook (Revenue; USD Million; 2018 - 2030)
- North America
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Third Party Perspective
- 1.4.5. Information Analysis
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.5.2. Market Formulation & Data Visualization
- 1.5.3. Data Validation & Publishing
- 1.6. Research Scope and Assumptions
- 1.6.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Pump Jack Market Variables; Trends; & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Concentration & Penetration Outlook
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Supplier Outlook
- 3.3.2. Component Supplier Outlook
- 3.3.3. Manufacturer Outlook
- 3.3.4. Distribution Outlook
- 3.3.5. Application Outlook
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Drivers Analysis
- 3.6.2. Market Restraints Analysis
- 3.6.3. Market Opportunity Analysis
- 3.6.4. Market Challenge Analysis
- 3.7. Pump Jack Market Analysis Tools
- 3.7.1. Porter's Five Forces Analysis
- 3.7.1.1. Bargaining power of the suppliers
- 3.7.1.2. Bargaining power of the buyers
- 3.7.1.3. Threats of substitution
- 3.7.1.4. Threats from new entrants
- 3.7.1.5. Competitive rivalry
- 3.7.2. PESTEL Analysis
- 3.7.2.1. Political landscape
- 3.7.2.2. Economic and Social landscape
- 3.7.2.3. Technological landscape
- 3.7.2.4. Environmental landscape
- 3.7.2.5. Legal landscape
- 3.8. Economic Mega Trend Analysis
Chapter 4. Pump Jack Market: Well Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Pump Jack Market: Well Movement Analysis; USD Million; 2023 & 2030
- 4.3. Vertical Well
- 4.3.1. Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 4.4. Horizontal Well
- 4.4.1. Market Estimates and Forecasts; 2018 - 2030 (USD Million)
Chapter 5. Pump Jack Market: Weight Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Pump Jack Market: Weight Movement Analysis; USD Million; 2023 & 2030
- 5.3. Less Than 100;000 lbs
- 5.3.1. Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 5.4. 100;000 lbs to 300;000 lbs
- 5.4.1. Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 5.5. More Than 300;000 lbs
- 5.5.1. Market Estimates and Forecasts; 2018 - 2030 (USD Million)
Chapter 6. Pump Jack Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Pump Jack Market: Application Movement Analysis; USD Million; 2023 & 2030
- 6.3. Onshore
- 6.3.1. Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 6.4. Offshore
- 6.4.1. Market Estimates and Forecasts; 2018 - 2030 (USD Million)
Chapter 7. Pump Jack Market: Region Estimates & Trend Analysis
- 7.1. Pump Jack Market Share; By Region; 2023 & 2030; USD Million
- 7.2. North America
- 7.2.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.2.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.2.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.2.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.2.5.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.2.5.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.2.5.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.2.6.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.2.6.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.2.6.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.2.7.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.2.7.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.2.7.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.3.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.3.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.3.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.3.5.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.3.5.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.3.5.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.3.6.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.3.6.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.3.6.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.3.7.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.3.7.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.3.7.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.3.8.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.3.8.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.3.8.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.3.9.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.3.9.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.3.9.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.4.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.4.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.4.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.4.5.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.4.5.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.4.5.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.4.6.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.4.6.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.4.6.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.4.7.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.4.7.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.4.7.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.4.8.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.4.8.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.4.8.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.4.9.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.4.9.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.4.9.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.5.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.5.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.5.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.5.5.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.5.5.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.5.5.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.5.6. Argentina
- 7.5.6.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.5.6.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.5.6.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.5.6.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.6.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.6.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.6.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.6.5. South Africa
- 7.6.5.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.6.5.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.6.5.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.6.5.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.6.6. Saudi Arabia
- 7.6.6.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.6.6.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.6.6.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.6.6.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
- 7.6.7. UAE
- 7.6.7.1. Pump Jack Market Estimates and Forecasts; 2018 - 2030 (USD Million)
- 7.6.7.2. Pump Jack Market Estimates and Forecasts by Well; 2018 - 2030 (USD Million)
- 7.6.7.3. Pump Jack Market Estimates and Forecasts by Weight; 2018 - 2030 (USD Million)
- 7.6.7.4. Pump Jack Market Estimates and Forecasts by Application; 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis; 2023
- 8.5. Company Heat Map Analysis; 2023
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. SLB.
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Weight Benchmarking
- 8.7.1.4. Strategic Initiatives
- 8.7.2. Haliburton
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Weight Benchmarking
- 8.7.2.4. Strategic Initiatives
- 8.7.3. Weatherford
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Weight Benchmarking
- 8.7.3.4. Strategic Initiatives
- 8.7.4. NOV.
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Weight Benchmarking
- 8.7.4.4. Strategic Initiatives
- 8.7.5. Hess Corporation (Chevron Corporation.)
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Weight Benchmarking
- 8.7.5.4. Strategic Initiatives
- 8.7.6. Penguin Petroleum Services (P) Limited
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Weight Benchmarking
- 8.7.6.4. Strategic Initiatives
- 8.7.7. Bharat Heavy Electricals Limited
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Weight Benchmarking
- 8.7.7.4. Strategic Initiatives
- 8.7.8. LLC SHANDONG SAIGAO GROUP CORPORATION
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Weight Benchmarking
- 8.7.9. Strategic Initiatives
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Weight Benchmarking
- 8.7.9.4. Strategic Initiatives
- 8.7.10. Sivam SpA
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Weight Benchmarking
- 8.7.10.4. Strategic Initiatives
- 8.7.11. Tenaris.
- 8.7.11.1. Participant's Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Weight Benchmarking
- 8.7.11.4. Strategic Initiatives
- 8.7.12. Bastian Solutions LLC
- 8.7.12.1. Participant's Overview
- 8.7.12.2. Financial Performance
- 8.7.12.3. Weight Benchmarking
- 8.7.12.4. Strategic Initiatives
- 8.7.13. Columbia Machine Inc
- 8.7.13.1. Participant's Overview
- 8.7.13.2. Financial Performance
- 8.7.13.3. Weight Benchmarking
- 8.7.13.4. Strategic Initiatives
- 8.7.14. Ehcolo AS
- 8.7.14.1. Participant's Overview
- 8.7.14.2. Financial Performance
- 8.7.14.3. Weight Benchmarking
- 8.7.14.4. Strategic Initiatives
- 8.7.15. Pester pac automation GmbH
- 8.7.15.1. Participant's Overview
- 8.7.15.2. Financial Performance
- 8.7.15.3. Weight Benchmarking
- 8.7.15.4. Strategic Initiatives