Reports
Global Landing String Equipment Market Share, Forecast: By Application: Deep Water, Ultra-Deep Water, Shallow Water, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Landing String Equipment Market Outlook
The global landing string equipment market is projected to grow at a CAGR of almost 7% over the forecast period of 2024-2032.
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The rapid advancement in landing string technologies, along with the growing demand for landing string optimisation for use in subsea wells, which can offer quick sealing and shutting, and enhanced well control during adverse weather conditions, is driving the industry growth. Further, the landing control systems with a lower footprint help to reduce operating expenses by minimising rig up times, the deck space, and ancillary support facilities.
Market Segmentation
A landing string is a heavy-duty dense wall drill pipe that can be used for drilling as well as for landing heavy casing strings in the well or heavy equipment on the sea bed.
The global landing string equipment market can be divided based on segments like applications and regions.
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The industry is broadly categorised on the basis of its applications into:
- Deepwater
- Ultra-Deepwater
- Shallow water
- Others
The EMR report looks into the regional landing string equipment markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Market Analysis
The average price of imported crude oil is gradually recovering. Due to the recovery of global crude oil prices, the possibility of high revenues has motivated oil and gas companies to increase their investment in fresh drilling projects, which is driving the growth of the global landing string equipment industry. The growing investment in oil and gas projects is further boosting the offshore drilling projects. Thus, the demand for landing strings has also risen in offshore drilling rigs. The rising number of offshore rigs will, therefore, be an important factor driving the development of the global landing string equipment market in the future.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global landing string equipment market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Expro Holdings UK 2 Ltd.
- National Oilwell Varco Inc. (NYSE: NOV)
- Superior Energy Services Inc.
- Vallourec SA
- Yantai Enerserva Machinery Co. Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report:
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Deepwater, Ultra-Deepwater, Shallow Water, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Expro Holdings UK 2 Ltd., National Oilwell Varco Inc. (NYSE: NOV), Superior Energy Services Inc. (NYSE: SPN), Vallourec SA (EPA: VK), Yantai Enerserva Machinery Co. Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
Key Questions Answered in the Report
The global landing string equipment market is projected to grow at a CAGR of 7% between 2024 and 2032.
The market is being driven by rapid innovations in landing string technology, increased demand for landing string optimisation for use in subsea wells, enhanced well control during poor weather conditions, and reduced operational expenditures.
Key trends like the recovery of global crude oil prices and the prospect of increased disposable incomes are projected to aid the market during the forecast period.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major applications include deep water, ultra-deep water, and shallow water, among others.
The major players in the industry are Schlumberger Ltd, National Oilwell Varco Inc., Superior Energy Services Inc., Enovate Systems Ltd, and Yantai Enerserva Machinery Co. Ltd., among others.
Analyst Review
The global landing string equipment market is being aided by rapid innovation of landing string technology and the increased demand for landing string optimisation for use in subsea wells in the historical period. Aided by the increasing investment in new drilling projects, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the global landing string equipment industry can be segmented into deepwater, ultra-deep water, and shallow water, among others. The major regional markets for landing string equipment are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market include Schlumberger Ltd, National Oilwell Varco Inc., Superior Energy Services Inc., Enovate Systems Ltd, and Yantai Enerserva Machinery Co. Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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