Landing String Equipment

Global Landing String Equipment Market to Reach US$1.9 Billion by 2030

The global market for Landing String Equipment estimated at US$1.3 Billion in the year 2024, is expected to reach US$1.9 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2024-2030. Lubricator Valve Equipment Type, one of the segments analyzed in the report, is expected to record a 7.1% CAGR and reach US$579.4 Million by the end of the analysis period. Growth in the Retainer Valve Equipment Type segment is estimated at 6.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$367.0 Million While China is Forecast to Grow at 9.5% CAGR

The Landing String Equipment market in the U.S. is estimated at US$367.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$390.4 Million by the year 2030 trailing a CAGR of 9.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.8% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Global Landing String Equipment Market – Key Trends & Drivers Summarized

How Is Offshore Drilling Complexity Shaping the Evolution of Landing String Equipment?
The offshore oil and gas industry has undergone a massive technological transformation over the past two decades, with rising complexities in subsea operations significantly impacting the design and deployment of landing string equipment. Originally developed as a transitional mechanical link between the rig floor and subsea wellhead, the landing string system now plays a pivotal role in controlling well pressure, managing weight transfer, and enabling safe running and retrieval of casing strings in increasingly deep and high-pressure wells. With the global exploration trend shifting towards ultra-deepwater zones, particularly in the Gulf of Mexico, Brazil’s pre-salt basins, and West Africa, the demand for high-specification landing strings with superior load-bearing and pressure-withstanding capabilities has surged. These systems are being upgraded with larger bore diameters, higher tensile strengths, and pressure ratings exceeding 15,000 psi to ensure compatibility with modern blowout preventers (BOPs) and high-capacity risers. Additionally, there`s a growing integration of real-time telemetry and hydraulic control systems in landing strings to monitor dynamic loads, detect abnormalities, and enable remote interventions during critical well construction phases. This transformation underscores how offshore exploration trends are directly influencing capital equipment specifications, pushing vendors toward performance innovation.

What Are the Emerging Engineering Expectations from Deepwater Exploration Projects?
The expansion of deepwater exploration programs is redefining expectations from landing string equipment, not only in terms of strength and pressure containment but also with respect to thermal resilience, fatigue resistance, and modularity. As well depths exceed 10,000 feet and operating environments approach extreme thermal gradients, landing strings are now expected to endure highly variable loading conditions without compromising mechanical integrity. This has prompted extensive use of high-strength, low-alloy steels, anti-corrosive nickel alloys, and specialized coatings that enhance fatigue life under cyclic loading. Another critical evolution is the adoption of modular string designs that allow operators to reconfigure tools rapidly depending on well geometry, pressure gradients, and rig limitations. These developments aim to reduce non-productive time and facilitate more predictable operations in deepwater and high-temperature/high-pressure (HPHT) environments. Furthermore, as oil majors increasingly pursue cost rationalization, there is a clear emphasis on multipurpose tools that can function across multiple wells and minimize rig downtime. This shift towards operational flexibility and tool longevity is compelling manufacturers to invest in precision machining, nondestructive testing, and advanced simulation modeling during the design and testing phase of landing string components.

Is Automation in Equipment Handling a Disruptor or Enabler in this Market?
The global landing string equipment market is rapidly embracing automation as a core enabler for safety, consistency, and operational efficiency. With increasing scrutiny on human safety and environmental risk mitigation, automated pipe handling, torque management, and load monitoring systems have become integral to the landing string deployment process. Robotics-enabled riser running tools and torque-turn monitoring systems are being increasingly adopted to reduce manual handling and improve accuracy in makeup and breakout operations. These developments are also in sync with digital rig architecture, where central control systems integrate BOP, riser, and landing string data to deliver a synchronized well construction process. Additionally, data analytics-driven predictive maintenance is being employed to identify early signs of component fatigue or stress, allowing timely interventions without impacting drilling schedules. Vendors are also exploring smart materials and embedded sensor technologies that can relay data in real time to operators, enabling remote diagnostics and quicker turnaround decisions. While automation introduces a steep learning curve and CAPEX implications, it is proving indispensable in minimizing wellbore failure risks and enhancing rig asset utilization rates, thereby becoming a long-term value proposition for operators and rig contractors alike.

The growth in the global landing string equipment market is driven by several factors…
The growth in the global landing string equipment market is driven by several factors, particularly the expanding footprint of deepwater and ultra-deepwater drilling operations across frontier basins. Rising global energy demand and the depletion of onshore hydrocarbon reserves have shifted exploration emphasis toward offshore projects, thereby necessitating advanced landing string systems that can operate at extreme depths and under challenging conditions. The uptick in high-pressure, high-temperature wells is another key driver, demanding tools with enhanced metallurgical performance, precision tolerance, and higher yield strength. Regulatory mandates focusing on well integrity and safety in offshore drilling are also encouraging the adoption of enhanced landing strings with real-time monitoring capabilities. Technological convergence between drilling automation and rig management software is facilitating demand for intelligent landing string systems that can integrate seamlessly with digital rig infrastructure. In parallel, energy transition strategies that emphasize efficiency and cost reduction are leading to a surge in demand for reusable and modular landing string components. Moreover, offshore project final investment decisions (FIDs), particularly in Brazil, Guyana, Angola, and the US Gulf, are fueling capex expansion in drilling infrastructure, ensuring long-term demand for high-spec landing string systems. Together, these trends create a robust foundation for sustained growth in this niche but indispensable oilfield equipment segment.

SCOPE OF STUDY:

The report analyzes the Landing String Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Equipment Type (Lubricator Valve Equipment Type, Retainer Valve Equipment Type, Subsea Test Tree Equipment Type, Shear Sub Equipment Type, Slick Joint Equipment Type, Other Equipment Types); Application (Shallow Water Application, Deepwater Application, Ultra Deepwater Application, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• Aker Solutions ASA
• Cameron International Corporation
• Enovate Systems Ltd.
• ExPert E&P Companies, LLC
• Expro Group Holdings N.V.
• Hilong Holding Limited
• Interventek Subsea Engineering
• Jiangsu Wellhead Equipment Co., Ltd.
• National Oilwell Varco, Inc. (NOV)
• Optime Subsea
• Quail Tools
• Schlumberger Limited (SLB)
• Superior Energy Services, Inc.
• TechnipFMC plc
• Thyssenkrupp AG
• Vallourec S.A.
• Weatherford International plc
• Welltec A/S
• Workstrings International
• Yantai Enerserva Machinery Co., Ltd.

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