Global Landing String Equipment Market Report and Forecast 2024-2032

Global Landing String Equipment Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the global landing string equipment market is projected to grow at a CAGR of 7% between 2024 and 2032. Aided by the robust expansion of offshore drilling activities and the advanced technological innovations within the oil and gas sector, the market is expected to grow significantly by 2032.

Landing string equipment, an integral part of offshore drilling activities, facilitates the safe descent of the casing and other equipment into the wellbore. With the increasing depths and complexities of modern drilling sites, the reliability and strength of landing string equipment have become paramount. They play a crucial role in managing extreme pressures, ensuring safety, and optimising the efficiency of drilling operations.

The global drive towards meeting rising energy demands has necessitated a surge in offshore drilling operations. As exploration and production companies delve into deeper and more challenging offshore reserves, the requirement for dependable landing string equipment has seen a corresponding uptick. Their pivotal role in preventing blowouts, managing well pressures, and ensuring the smooth operation of the drilling process accentuates their value in the offshore drilling ecosystem.

An enhanced focus on safety protocols within the oil and gas industry is another potent driver for the landing string equipment market growth. Recent past incidents of oil spills and drilling-related mishaps have led to stricter regulatory frameworks and operational standards. Consequently, there's an amplified emphasis on employing top-notch landing string equipment that can withstand high pressures, corrosive environments, and other challenging conditions typical of deepwater drilling.

The continuous march of technology has also influenced the landing string equipment market outlook. Innovations in materials science have led to the development of more robust and durable components, capable of withstanding the rigours of modern drilling operations. Simultaneously, digital integration and real-time monitoring systems have enhanced the operational capabilities of these equipment, ensuring more efficient and safer drilling processes.

Notably, the transition towards greener energy sources and the debates surrounding fossil fuels have further catalysed the landing string equipment market demand. While there is a concerted effort towards sustainable energy, oil and gas remain pivotal in the global energy mix. The exploration of newer reserves, especially in previously untapped regions, ensures the continued relevance and demand for high-quality landing string equipment.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application
  • Deep Water
  • Ultra-Deep Water
  • Shallow Water
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global landing string equipment market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Schlumberger Ltd
  • National Oilwell Varco Inc.
  • Superior Energy Services Inc.
  • Enovate Systems Ltd
  • Yantai Enerserva Machinery Co. Ltd.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Landing String Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Landing String Equipment Historical Market (2018-2023)
8.3 Global Landing String Equipment Market Forecast (2024-2032)
8.4 Global Landing String Equipment Market by Application
8.4.1 Deep Water
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Ultra-Deep Water
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Shallow Water
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Landing String Equipment Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Landing String Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Landing String Equipment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Landing String Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Landing String Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Landing String Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Schlumberger Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 National Oilwell Varco Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Superior Energy Services Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Enovate Systems Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Yantai Enerserva Machinery Co. Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Landing String Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Landing String Equipment Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Landing String Equipment Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Landing String Equipment Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Landing String Equipment Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Landing String Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Landing String Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Landing String Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Landing String Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Landing String Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Landing String Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Landing String Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Landing String Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Landing String Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Landing String Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Landing String Equipment Market Structure

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