Global Landing String Equipment Market Size, Share, Trends, Industry Growth by Component (Tubing, Packer, Safety Valve, Others), by Well Type (Onshore Wells, Offshore Wells), by Application, by Region, and Forecast to 2030

Report ID: RCMA815 | Report Format: PDF + Excel | Starting Price: 3600/- USD |

The global landing string equipment market size is projected to grow at a significant CAGR of around 7% during the forecast period from 2024 to 2030. The growth trajectory of the landing string equipment market is intricately woven with a multifaceted tapestry of factors that collectively steer its dynamics. Central to this narrative is the surging global demand for oil and gas, propelling heightened exploration and production activities that, in turn, necessitate the deployment of advanced landing string equipment. An expanding frontier in offshore drilling, underscored by technological advancements in smart and automated equipment, accentuates the market’s evolution. This evolution is further shaped by a steadfast commitment to well integrity and safety, driven by stringent regulations and standards. The exploration of unconventional resources, coupled with increased investments in oil and gas infrastructure, contributes to the market’s vibrancy.

Market Snapshot:

Benchmark Year 2022
Market Size lock
Market Growth (CAGR) ~ 7% (2023-2030)
Largest Market Share North America
Analysis Period 2020-2030
Market Players Aker Solutions ASA, Drilltech Services North Sea Ltd., National Oilwell Varco Inc., Superior Energy Services Inc., and Vallourec SA

To know more about the research study, request sample papers

Market Drivers:

  • The landing string equipment market experiences growth driven by a multitude of interconnected factors that collectively shape its trajectory. At the forefront is the global surge in demand for oil and gas, compelling increased exploration and production endeavors. This heightened activity necessitates the deployment of landing string equipment, making it a pivotal component of the industry’s operational landscape.
  • The expanding frontier of offshore drilling, prompted by the depletion of onshore reserves, further propels the demand for specialized landing string equipment. Particularly, the market witnesses a notable shift towards addressing the unique challenges posed by deepwater and shallow water operations. Technological strides play a pivotal role, with advancements in smart and automated landing string equipment contributing to enhanced operational efficiency, safety, and control throughout drilling and completion processes.
  • Ensuring well integrity and safety remains paramount, driven by stringent government regulations and industry standards. This focus prompts the adoption of sophisticated landing string equipment that not only meets compliance requirements but also establishes a foundation for secure and reliable well construction and completions.
  • The exploration of unconventional resources, such as shale gas and tight oil, adds another layer of complexity to the market dynamics. The demand for landing string equipment tailored to address the specific challenges of these unconventional reservoirs rises in tandem with the exploration efforts.
  • Simultaneously, the surge in global energy demand, coupled with the push for cleaner and sustainable energy sources, sustains the momentum in exploration and production activities. Increasing investments in oil and gas infrastructure, particularly in emerging markets, contribute significantly to the market’s vibrancy.
  • The landscape is marked by intense competition among manufacturers, fostering a culture of innovation. This competition propels the continuous development of landing string equipment, with a keen focus on efficiency, durability, and technological advancements to align with industry demands.
  • Moreover, the industry’s attention to cost-efficiency fuels the adoption of landing string equipment that offers not only operational efficiency but also proves economically viable over the entire lifecycle of the equipment. This pragmatic approach ensures that the market remains responsive to economic considerations while meeting the evolving needs of the oil and gas exploration and production sector.

Market Insights:

The global landing string equipment market is bifurcated into component, well type, application, and others. On the basis of application, the market is further segmented into deepwater, shallow water, and others. The deepwater segment in the market is experiencing substantial growth driven by a convergence of factors. Technological advancements, particularly in drilling and exploration technologies, have made deepwater operations more feasible and economically viable. The allure of significant untapped oil and gas reserves in deepwater regions, coupled with the depletion of onshore and shallow water resources, directs industry focus toward deeper waters. Economic viability is further enhanced by cost-effective solutions and increased operational efficiency. The global demand for energy, regulatory support, and the competitive landscape also play pivotal roles in stimulating growth in the deepwater segment.

  • Deepwater Applications: In the Landing String Equipment Market, the deepwater segment is critical for drilling operations conducted in substantial water depths. This application demands landing string equipment that is specifically engineered to navigate the challenges inherent in deepwater environments, such as extreme pressures and harsh marine conditions. Specialized components within this segment are designed to ensure stability, reliability, and optimal performance, meeting the unique requirements of drilling operations in deep offshore locations.
  • Shallow Water Applications: The shallow water segment of the Landing String Equipment Market addresses drilling operations in less profound waters. In these scenarios, landing string equipment is adapted to the distinct conditions encountered in shallower depths. This involves equipment designed to handle the lower pressures and milder marine conditions characteristic of shallow water environments. The components within this segment are tailored to ensure efficiency and effectiveness in drilling operations conducted closer to shore.
  • Others: The “others” category within the Landing String Equipment Market analysis encompasses additional applications beyond deep and shallow water drilling. This segment include onshore drilling operations or cater to specific operational requirements that don’t fall distinctly within the deep or shallow water categories. The diversity within the “others” segment underscores the versatility of landing string equipment, which can be adapted to various settings and applications within the broader spectrum of oil and gas exploration and production activities.

The landing string equipment market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-22 – Historical Year
  • 2023 – Base Year
  • 2024-2030 – Forecast Period

Market Segmentation:

By Component:

  • Tubing
  • Packer
  • Safety Valve
  • Others

By Well Type:

  • Onshore Wells
  • Offshore Wells

By Application:

  • Deepwater
  • Shallow Water
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

Geographically, North America dominated the global landing string equipment market in the benchmark year and expected to grow at the same trend over the forecast period from 2024 to 2030. The dominance signifies the region’s pivotal role in the global oil and gas industry. The phenomenon is largely attributed to the prolific shale boom, particularly in the United States, where advancements in hydraulic fracturing technology have unlocked vast reserves of shale oil and gas. This surge in unconventional production has spurred heightened exploration and drilling activities, necessitating advanced landing string equipment for efficient well construction and completions.

Additionally, North America’s technological prowess, characterized by continuous innovation in drilling practices and equipment, contributes to its dominance as a hub for cutting-edge solutions in the oil and gas sector. With resource-rich areas such as the Gulf of Mexico and the Permian Basin, the region has become a focal point for major global players and substantial investments, further solidifying its position as a dominant force in the landing string equipment market.

The dominance of North America is also underpinned by a stable economic climate, a conducive regulatory environment that balances industry growth with environmental considerations, and the strategic presence of key oil and gas corporations. The region’s ability to attract investments, coupled with its consistent contribution to technological advancements, underscores its leadership in the utilization of landing string equipment for diverse exploration and production initiatives.

Competitive Assessment:

Some of the prominent market players operating in the global landing string equipment market are Aker Solutions ASA, Drilltech Services North Sea Ltd., National Oilwell Varco Inc., Superior Energy Services Inc., and Vallourec SA. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Aker Solutions ASA
  • Drilltech Services North Sea Ltd.
  • National Oilwell Varco Inc.
  • Superior Energy Services Inc.
  • Vallourec SA
  • Yantai Enerserva Machinery Co. Ltd.
  • Enovate Systems Ltd.
  • Expro Group
  • Quail Tools
  • Schlumberger Ltd.
  • Thyssenkrupp AG

Key Questions Answered by Landing String Equipment Market Report

  • Global landing string equipment market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Landing string equipment submarket forecasts from 2023-2030 covering the market by component, well type, application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level landing string equipment markets from 2023-2030
  • Competitive Landscape and market positioning of top 10 players operating in the market
Landing String Equipment Market
Table of Contents:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Landing String Equipment Market Portraiture
2.2. Global Landing String Equipment Market, by Component Type, 2022 (USD Mn)
2.3. Global Landing String Equipment Market, by Well Type, 2022 (USD Mn)
2.4. Global Landing String Equipment Market, by Application, 2022 (USD Mn)
2.5. Global Landing String Equipment Market, by Geography, 2022 (USD Mn)

 

3. Global Landing String Equipment Market Analysis


3.1. Landing String Equipment Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis

 

4. Global Landing String Equipment Market by Component Type, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Tubing
4.3. Packer
4.4. Safety Valve
4.5. Others

 

5. Global Landing String Equipment Market by Well Type, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Onshore Wells
5.3. Offshore Wells

 

6. Global Landing String Equipment Market by Application, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. Deepwater
6.3. Shallow Water
6.4. Others

 

7. North America Landing String Equipment Market Analysis and Forecast, 2020 – 2030 (USD Mn)


7.1. Overview
7.2. North America Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
7.3. North America Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
7.4. North America Landing String Equipment Market by Application, (2020-2030 USD Mn)
7.5. North America Landing String Equipment Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
7.5.1.2. U.S. Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
7.5.1.3. U.S. Landing String Equipment Market by Application, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
7.5.2.2. Canada Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
7.5.2.3. Canada Landing String Equipment Market by Application, (2020-2030 USD Mn)
7.5.3. Mexico
7.5.3.1. Mexico Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
7.5.3.2. Mexico Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
7.5.3.3. Mexico Landing String Equipment Market by Application, (2020-2030 USD Mn)

 

8. Europe Landing String Equipment Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Europe Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
8.3. Europe Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
8.4. Europe Landing String Equipment Market by Application, (2020-2030 USD Mn)
8.5. Europe Landing String Equipment Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
8.5.1.2. Germany Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
8.5.1.3. Germany Landing String Equipment Market by Application, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
8.5.2.2. U.K. Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
8.5.2.3. U.K. Landing String Equipment Market by Application, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
8.5.3.2. France Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
8.5.3.3. France Landing String Equipment Market by Application, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
8.5.4.2. Spain Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
8.5.4.3. Spain Landing String Equipment Market by Application, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
8.5.5.2. Italy Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
8.5.5.3. Italy Landing String Equipment Market by Application, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Landing String Equipment Market by Application, (2020-2030 USD Mn)

 

9. Asia Pacific Landing String Equipment Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Asia Pacific Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
9.3. Asia Pacific Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
9.4. Asia Pacific Landing String Equipment Market by Application, (2020-2030 USD Mn)
9.5. Asia Pacific Landing String Equipment Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
9.5.1.2. China Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
9.5.1.3. China Landing String Equipment Market by Application, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
9.5.2.2. Japan Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
9.5.2.3. Japan Landing String Equipment Market by Application, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
9.5.3.2. India Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
9.5.3.3. India Landing String Equipment Market by Application, (2020-2030 USD Mn)
9.5.4. South Korea
9.5.4.1. South Korea Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
9.5.4.2. South Korea Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
9.5.4.3. South Korea Landing String Equipment Market by Application, (2020-2030 USD Mn)
9.5.5. Rest of Asia Pacific
9.5.5.1. Rest of Asia Pacific Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
9.5.5.2. Rest of Asia Pacific Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
9.5.5.3. Rest of Asia Pacific Landing String Equipment Market by Application, (2020-2030 USD Mn)

 

10. Latin America (LATAM) Landing String Equipment Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. Latin America Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
10.3. Latin America Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
10.4. Latin America Landing String Equipment Market by Application, (2020-2030 USD Mn)
10.5. Latin America Landing String Equipment Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
10.5.1.2. Brazil Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
10.5.1.3. Brazil Landing String Equipment Market by Application, (2020-2030 USD Mn)
10.5.2. Argentina
10.5.2.1. Argentina Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
10.5.2.2. Argentina Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
10.5.2.3. Argentina Landing String Equipment Market by Application, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Landing String Equipment Market by Application, (2020-2030 USD Mn)

 

11. Middle East and Africa Landing String Equipment Market Analysis and Forecast, 2020 - 2030 (USD Mn)


11.1. Overview
11.2. MEA Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
11.3. MEA Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
11.4. MEA Landing String Equipment Market by Application, (2020-2030 USD Mn)
11.5. Middle East and Africa Landing String Equipment Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
11.5.1.2. GCC Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
11.5.1.3. GCC Landing String Equipment Market by Application, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
11.5.2.2. South Africa Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
11.5.2.3. South Africa Landing String Equipment Market by Application, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Landing String Equipment Market by Component Type, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Landing String Equipment Market by Well Type, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Landing String Equipment Market by Application, (2020-2030 USD Mn)

 

12. Competitive Landscape


12.1. Company Market Share Analysis, 2022
12.2. Competitive Dashboard
12.3. Competitive Benchmarking
12.4. Geographic Presence Heatmap Analysis
12.5. Company Evolution Matrix
12.5.1. Star
12.5.2. Pervasive
12.5.3. Emerging Leader
12.5.4. Participant
12.6. Strategic Analysis Heatmap Analysis
12.7. Key Developments and Growth Strategies
12.7.1. Mergers and Acquisitions
12.7.2. New Product Launch
12.7.3. Joint Ventures
12.7.4. Others

 

13. Company Profiles


13.1. Aker Solutions ASA
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Drilltech Services North Sea Ltd.
13.3. National Oilwell Varco Inc.
13.4. Superior Energy Services Inc.
13.5. Vallourec SA
13.6. Yantai Enerserva Machinery Co. Ltd.
13.7. Enovate Systems Ltd.
13.8. Expro Group
13.9. Quail Tools
13.10. Schlumberger Ltd.
13.11. Thyssenkrupp AG
Fill the given form to inquiry before buying for Global Landing String Equipment Market Size, Share, Trends, Industry Growth by Component (Tubing, Packer, Safety Valve, Others), by Well Type (Onshore Wells, Offshore Wells), by Application, by Region, and Forecast to 2030 Market Report

(Additional country analysis and conmapny analysis will be added according to the request, we provide free report customization)
(Report covers the impact of COVID-19 on the market)

Request Report Sample
Inquiry Before Buying


Select License Type
$ 3600/- Single User License
$ 4800/- Multi User License
$ 6800/- Corporate License

Paypal Certified Payment
Why To Choose Us:
  • Markets in over 100+ countries analyzed granularly
  • 35% of our total client are returning clients
  • 1000+ customers globally
  • 100+ paid data sources mined to bring cutting-edge insights
  • 24x5 availability - we are always there when you need us
  • "Free of Cost Report Customization" is available
  • Request a regional report at Best Price
  • Our expert team will assist you with all research need and customization
  • Our expert research analysts will resolve your every query before and after purchasing the report

Impacts of COVID-19
COVID-19 Impact on the Global Landing String Equipment Market Size, Share, Trends, Industry Growth by Component (Tubing, Packer, Safety Valve, Others), by Well Type (Onshore Wells, Offshore Wells), by Application, by Region, and Forecast to 2030 Market


Our Clients