Landing String Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Application, By Component Type, By Well Type, By Material Type, By Region, By Competition, 2020-2030F

Description

The Global Landing String Equipment Market was valued at USD 1.47 Billion in 2024 and is projected to reach USD 2.17 Billion by 2030, growing at a CAGR of 6.57%. This market revolves around specialized equipment essential to oil and gas drilling operations, particularly in deploying and retrieving casing strings within wellbores. Landing strings serve as the conduit for casing and liners, maintaining well integrity and supporting safe, efficient drilling processes. These systems encompass landing joints, packers, centralizers, and sealing components, which are critical to ensuring secure and precise installation. The growth of this market is closely tied to increasing drilling activities in both onshore and offshore environments, with rising demand for equipment that can withstand high pressure, high temperature, and challenging geological conditions. Advancements in materials and manufacturing, combined with expanding energy infrastructure projects worldwide, are fueling innovation and adoption. Additionally, stringent safety and environmental regulations are prompting energy companies to invest in high-quality, performance-driven landing string technologies that reduce non-productive time and operational risks.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 1.47 Billion
Market Size 2030	USD 2.17 Billion
CAGR 2025-2030	6.57%
Fastest Growing Segment	Workover
Largest Market	North America

Key Market Drivers

Increasing Offshore and Onshore Oil & Gas Exploration Activities

The increasing need for energy and the depletion of easily accessible reserves have intensified oil and gas exploration in both offshore and onshore environments, significantly boosting demand for landing string equipment. As companies target deeper and more complex wells, the need for durable and high-performance landing strings becomes critical. These components ensure efficient deployment of casing and tubing, particularly in deepwater and high-pressure drilling projects. Advanced drilling techniques like horizontal and extended-reach drilling require landing strings capable of enduring extreme downhole conditions. This has led to a shift toward high-strength and corrosion-resistant materials to enhance durability and performance. Additionally, regulatory compliance and environmental protection mandates have further increased reliance on quality landing string systems. Rapid infrastructure expansion in regions like the Middle East, Africa, and Southeast Asia, alongside increased capital investment by major energy companies, continues to drive market growth by supporting large-scale exploration and well development projects.

Key Market Challenges

High Cost and Complex Customization Requirements Limiting Market Penetration

The landing string equipment market faces a significant challenge from high design and manufacturing costs, especially due to the need for customization across varying well conditions. Equipment specifications often differ based on depth, pressure, temperature, and geological variability, requiring tailored solutions that increase production costs and timeframes. High-grade materials like corrosion-resistant alloys are commonly used, adding to overall expenses. These costs can be prohibitive for smaller exploration companies or operations in developing regions. Additionally, adapting landing strings for diverse reservoir types-such as shale versus conventional formations-requires substantial investment in R&D. For many companies, particularly in cost-sensitive markets, such financial burdens limit access to the most advanced and efficient landing string technologies. Precision engineering requirements and compliance with safety standards further complicate widespread adoption, especially among operators with limited capital expenditure capacity.

Key Market Trends

Increasing Adoption of Advanced Materials and Technologies to Enhance Durability and Performance

A significant trend in the landing string equipment market is the growing integration of advanced materials and innovative technologies to improve equipment reliability and performance under extreme conditions. The shift from conventional steel to high-strength, corrosion-resistant alloys, such as duplex and super duplex stainless steels, enables components to withstand harsh environments encountered in deepwater and ultra-deepwater drilling. Technologies like additive manufacturing and precision machining are being employed to create customized, lightweight, and structurally optimized components. These innovations not only extend service life but also facilitate faster production and installation. Moreover, the incorporation of embedded sensors for real-time stress, pressure, and temperature monitoring is gaining traction. These smart systems support predictive maintenance and enhance operational safety by providing actionable data during critical drilling phases. As energy companies increasingly focus on efficiency and risk mitigation, the adoption of these high-performance and intelligent landing string solutions is expected to continue growing.

Key Market Players

Halliburton Company
Baker Hughes Company
Schlumberger Limited
Weatherford International plc
National Oilwell Varco (NOV) Inc.
Expro Group
TechnipFMC plc
Tenaris S.A.
Superior Energy Services, Inc.
China Oilfield Services Limited (COSL)

Report Scope:

In this report, the Global Landing String Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Landing String Equipment Market, By Application:

Drilling
Workover
Completion

Landing String Equipment Market, By Component Type:

Landing Joints
Subsurface Safety Valves
Tubing Hangers
Seal Assemblies

Landing String Equipment Market, By Well Type:

Onshore
Offshore

Landing String Equipment Market, By Material Type:

Steel
Aluminum
Composite Materials

Landing String Equipment Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Landing String Equipment Market.

Available Customizations:

Global Landing String Equipment Market report with the given Market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
- 2.5.1. Secondary Research
- 2.5.2. Primary Research
2.6. Approach for the Market Study
- 2.6.1. The Bottom-Up Approach
- 2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
- 2.8.1. Data Triangulation & Validation

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Landing String Equipment Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Application (Drilling, Workover, Completion)
- 5.2.2. By Component Type (Landing Joints, Subsurface Safety Valves, Tubing Hangers, Seal Assemblies)
- 5.2.3. By Well Type (Onshore, Offshore)
- 5.2.4. By Material Type (Steel, Aluminum, Composite Materials)
- 5.2.5. By Region
5.3. By Company (2024)
5.4. Market Map

6. North America Landing String Equipment Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By Component Type
- 6.2.3. By Well Type
- 6.2.4. By Material Type
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Landing String Equipment Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Application
    - 6.3.1.2.2. By Component Type
    - 6.3.1.2.3. By Well Type
    - 6.3.1.2.4. By Material Type
- 6.3.2. Canada Landing String Equipment Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Application
    - 6.3.2.2.2. By Component Type
    - 6.3.2.2.3. By Well Type
    - 6.3.2.2.4. By Material Type
- 6.3.3. Mexico Landing String Equipment Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Application
    - 6.3.3.2.2. By Component Type
    - 6.3.3.2.3. By Well Type
    - 6.3.3.2.4. By Material Type

7. Europe Landing String Equipment Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Application
- 7.2.2. By Component Type
- 7.2.3. By Well Type
- 7.2.4. By Material Type
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Landing String Equipment Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Application
    - 7.3.1.2.2. By Component Type
    - 7.3.1.2.3. By Well Type
    - 7.3.1.2.4. By Material Type
- 7.3.2. United Kingdom Landing String Equipment Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Application
    - 7.3.2.2.2. By Component Type
    - 7.3.2.2.3. By Well Type
    - 7.3.2.2.4. By Material Type
- 7.3.3. Italy Landing String Equipment Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Application
    - 7.3.3.2.2. By Component Type
    - 7.3.3.2.3. By Well Type
    - 7.3.3.2.4. By Material Type
- 7.3.4. France Landing String Equipment Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Application
    - 7.3.4.2.2. By Component Type
    - 7.3.4.2.3. By Well Type
    - 7.3.4.2.4. By Material Type
- 7.3.5. Spain Landing String Equipment Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Application
    - 7.3.5.2.2. By Component Type
    - 7.3.5.2.3. By Well Type
    - 7.3.5.2.4. By Material Type

8. Asia-Pacific Landing String Equipment Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Application
- 8.2.2. By Component Type
- 8.2.3. By Well Type
- 8.2.4. By Material Type
- 8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Landing String Equipment Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Application
    - 8.3.1.2.2. By Component Type
    - 8.3.1.2.3. By Well Type
    - 8.3.1.2.4. By Material Type
- 8.3.2. India Landing String Equipment Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Application
    - 8.3.2.2.2. By Component Type
    - 8.3.2.2.3. By Well Type
    - 8.3.2.2.4. By Material Type
- 8.3.3. Japan Landing String Equipment Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Application
    - 8.3.3.2.2. By Component Type
    - 8.3.3.2.3. By Well Type
    - 8.3.3.2.4. By Material Type
- 8.3.4. South Korea Landing String Equipment Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Application
    - 8.3.4.2.2. By Component Type
    - 8.3.4.2.3. By Well Type
    - 8.3.4.2.4. By Material Type
- 8.3.5. Australia Landing String Equipment Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Application
    - 8.3.5.2.2. By Component Type
    - 8.3.5.2.3. By Well Type
    - 8.3.5.2.4. By Material Type

9. South America Landing String Equipment Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Application
- 9.2.2. By Component Type
- 9.2.3. By Well Type
- 9.2.4. By Material Type
- 9.2.5. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil Landing String Equipment Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Application
    - 9.3.1.2.2. By Component Type
    - 9.3.1.2.3. By Well Type
    - 9.3.1.2.4. By Material Type
- 9.3.2. Argentina Landing String Equipment Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Application
    - 9.3.2.2.2. By Component Type
    - 9.3.2.2.3. By Well Type
    - 9.3.2.2.4. By Material Type
- 9.3.3. Colombia Landing String Equipment Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Application
    - 9.3.3.2.2. By Component Type
    - 9.3.3.2.3. By Well Type
    - 9.3.3.2.4. By Material Type

10. Middle East and Africa Landing String Equipment Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Application
- 10.2.2. By Component Type
- 10.2.3. By Well Type
- 10.2.4. By Material Type
- 10.2.5. By Country
10.3. Middle East and Africa: Country Analysis
- 10.3.1. South Africa Landing String Equipment Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Application
    - 10.3.1.2.2. By Component Type
    - 10.3.1.2.3. By Well Type
    - 10.3.1.2.4. By Material Type
- 10.3.2. Saudi Arabia Landing String Equipment Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Application
    - 10.3.2.2.2. By Component Type
    - 10.3.2.2.3. By Well Type
    - 10.3.2.2.4. By Material Type
- 10.3.3. UAE Landing String Equipment Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Application
    - 10.3.3.2.2. By Component Type
    - 10.3.3.2.3. By Well Type
    - 10.3.3.2.4. By Material Type
- 10.3.4. Kuwait Landing String Equipment Market Outlook
  - 10.3.4.1. Market Size & Forecast
    - 10.3.4.1.1. By Value
  - 10.3.4.2. Market Share & Forecast
    - 10.3.4.2.1. By Application
    - 10.3.4.2.2. By Component Type
    - 10.3.4.2.3. By Well Type
    - 10.3.4.2.4. By Material Type
- 10.3.5. Turkey Landing String Equipment Market Outlook
  - 10.3.5.1. Market Size & Forecast
    - 10.3.5.1.1. By Value
  - 10.3.5.2. Market Share & Forecast
    - 10.3.5.2.1. By Application
    - 10.3.5.2.2. By Component Type
    - 10.3.5.2.3. By Well Type
    - 10.3.5.2.4. By Material Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. Halliburton Company
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel/Key Contact Person
- 13.1.5. Key Product/Services Offered
13.2. Baker Hughes Company
13.3. Schlumberger Limited
13.4. Weatherford International plc
13.5. National Oilwell Varco (NOV) Inc.
13.6. Expro Group
13.7. TechnipFMC plc
13.8. Tenaris S.A.
13.9. Superior Energy Services, Inc.
13.10. China Oilfield Services Limited (COSL)