Pump Jack Market Size & Share 2021 Revenue, Emerging Demands, Business Opportunity, and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Pump Jack Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Pump Jack Market products.

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The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users. According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports.

Global Pump Jack Industry was valued at USD 2.88 Billion for the year 2017. Pump Jack Industry is further expected to grow at a CAGR of 5.11% from 2018 to reach USD 4.22 Billion by the year 2025. North America region holds the highest Industry share in 2017. The North America region is also considered as the fastest growing Industry in the forecasted period. The U.S. is the major Industry in 2017 and it is also further anticipated to grow at a steady pace in the next 5 years.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Major market players in Pump Jack Industry are General Electric Company, Halliburton, Weatherford International, Borets International, Schlumberger Limited, Hess Corporation, National Oilwell Varco, Tenaris S.A, Star Hydraulics, Pentag Gears & Oilfield Equipment Ltd, L S Petrochem Equipment Corporation, Cook Pump Company, and other 10 more companies detailed information is provided in research report. Better global reach, at an operational level, is the main reason for holding this Industry share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

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SWOT Analysis of Pump Jack Industry:
Strength:
Increasing number of oil fields and simplicity of operation in onshore applications

Weakness:
High maintenance cost

Opportunities:
Introduction of remotely monitoring systems for pump jack activities

Threats:
High costs for the recovery of oil from wells using pump jack rods

The segmentation done on the basis of well type include Horizontal Well and Vertical Well of which the Vertical Well segment is expected to hold the highest Industry share during the forecast period.

Segmentation done on the basis of Application includes the off-shore and onshore segment of which onshore segment is expected to grow at the highest CAGR during the forecasted period.

Pump Jack Industry Segmentation:
By Application
*Offshore
*Onshore

By Well Type
*Horizontal Well
*Vertical Well

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of Pump Jack Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Playes
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter’s Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078258

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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