Landing String Equipment Market Growth Analysis - Forecast Trends and Outlook (2025-2034)

The global landing string equipment market is projected to grow at a CAGR of almost 7.00% over the forecast period of 2025-2034.

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.

Market Breakup by Application

• Deepwater
• Ultra-Deepwater
• Shallow Water
• Others

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• 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.

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:

• Schlumberger Ltd
• National Oilwell Varco Inc.
• Superior Energy Services Inc.
• Enovate Systems Ltd
• Yantai Enerserva Machinery Co. Ltd.
• Expro Holdings UK 2 Ltd.
• Vallourec SA
• Others

The 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.