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The liner hanger systems market share is projected to surge by USD 643.35 million by 2026, at an accelerating CAGR of 3.72%. This report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
The liner hanger systems market report extensively covers market segmentation by the following:
The liner hanger systems market report also provides detailed information on market vendors, including Allamon Tool Co Inc., Baker Hughes Co., BOTIL Oil Tools India Pvt. Ltd., DEW Wartungs und Reparatur GmbH, Dril Quip Inc., Halliburton Co., Innovex, Maximus Completion Systems, NCS Multistage Holdings Inc., NOV Inc., Packers Plus Energy Services Inc., Peak Completion Technologies Inc., Saga-PCE Pte. Ltd., SAZ Oilfield Services Pte. Ltd., Schlumberger Ltd., TANGENTOG EQUIPMENT AND SUPPLY PVT. Ltd., Tianjin Elegant Technology Co. Ltd., Weatherford International Plc, Well Innovation AS, and Wellcare Oil Tools Pvt. Ltd. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The global growth in liquid fuel consumption is notably driving the liner hanger systems market growth, although factors such as cessation of world bank funding for E&P activities may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the liner hanger systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Liner Hanger Systems Market Driver
Key Liner Hanger Systems Market Trend
Key Liner Hanger Systems Market Challenge
This liner hanger systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global liner hanger systems market as a part of the global oil field equipment and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the liner hanger systems market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the liner hanger systems market encompasses successful business strategies deployed by the key vendors. The liner hanger systems market is fragmented and the vendors are deploying growth strategies such as acquisitions and business expansion to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The liner hanger systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the liner hanger systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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39% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for liner hanger systems in North America. Market growth in this region will be faster than the growth of the market in Europe and MEA.
The high adoption rates of liner hanger systems in the US, Canada, and Argentina, among other countries, owing to the presence of abundant unconventional oil and gas reserves, will facilitate the liner hanger systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of the deadly virus led the oil and gas industry to temporarily halt manufacturing activities and investments in the industrial sector, in 2020. Furthermore, the COVID-19 pandemic led to the reduction in oil and gas prices, which intensified the pressure on oil and gas companies to boost productivity and minimize production costs. For instance, according to the US Energy Information Administration (EIA), in May 2020, crude oil production had fallen to 11.7 million barrels per day (b/d), and it fell further to 10.9 b/d in 2021. However, since the beginning of 2021, due to various government initiatives such as mass vaccination drives and social distancing, the number of COVID-19 cases has declined significantly. This has further led to a gradual increase in the regional economic activities and consequently in the demand and prices of oil and gas. As a result, the demand for oil and gas has surged since the beginning of 2021, which is further expected to drive market growth during the forecast period.
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The liner hanger systems market share growth by the onshore segment will be significant during the forecast period. An increase in shale oil and gas E&P activities will support the growth of the onshore oil and gas equipment market and, in turn, the global liner hanger systems market in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the liner hanger systems market size and actionable market insights on post COVID-19 impact on each segment.
Liner Hanger Systems Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.72% |
Market growth 2022-2026 |
$ 643.35 million |
Market structure |
Fragmented |
YoY growth (%) |
3.15 |
Regional analysis |
North America, APAC, Middle East and Africa, Europe, and South America |
Performing market contribution |
North America at 39% |
Key consumer countries |
US, Canada, Saudi Arabia, China, and Russia |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Allamon Tool Co Inc., Baker Hughes Co., BOTIL Oil Tools India Pvt. Ltd., DEW Wartungs und Reparatur GmbH, Dril Quip Inc., Halliburton Co., Innovex, Maximus Completion Systems, NCS Multistage Holdings Inc., NOV Inc., Packers Plus Energy Services Inc., Peak Completion Technologies Inc., Saga-PCE Pte. Ltd., SAZ Oilfield Services Pte. Ltd., Schlumberger Ltd., TANGENTOG EQUIPMENT AND SUPPLY PVT. Ltd., Tianjin Elegant Technology Co. Ltd., Weatherford International Plc, Well Innovation AS, and Wellcare Oil Tools Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market overview
*Exhibit 01: Executive Summary – Chart on Market Overview
*Exhibit 02: Executive Summary – Data Table on Market Overview
*Exhibit 03: Executive Summary – Chart on Global Market Characteristics
*Exhibit 04: Executive Summary – Chart on Market by Geography
*Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
*Exhibit 06: Executive Summary – Chart on Incremental Growth
*Exhibit 07: Executive Summary – Data Table on Incremental Growth
*Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 09: Parent market
*Exhibit 10: Market Characteristics
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021-2026
*Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
*Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
*Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
*Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 17: Five forces analysis - Comparison between2021 and 2026
**4.2 Bargaining power of buyers
*Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
**4.3 Bargaining power of suppliers
*Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
**4.4 Threat of new entrants
*Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
**4.5 Threat of substitutes
*Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
**4.6 Threat of rivalry
*Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
**4.7 Market condition
*Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
***5 Market Segmentation by Application
**5.1 Market segments
*Exhibit 24: Chart on Application - Market share 2021-2026 (%)
*Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 26: Chart on Comparison by Application
*Exhibit 27: Data Table on Comparison by Application
**5.3 Onshore - Market size and forecast 2021-2026
*Exhibit 28: Chart on Onshore - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Chart on Onshore - Year-over-year growth 2021-2026 (%)
*Exhibit 31: Data Table on Onshore - Year-over-year growth 2021-2026 (%)
**5.4 Offshore - Market size and forecast 2021-2026
*Exhibit 32: Chart on Offshore - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: Chart on Offshore - Year-over-year growth 2021-2026 (%)
*Exhibit 35: Data Table on Offshore - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Application
*Exhibit 36: Market opportunity by Application ($ million)
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Customer landscape overview
*Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
***5 Market Segmentation by Geography
*Exhibit 38: Chart on Market share by geography 2021-2026 (%)
*Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 40: Chart on Geographic comparison
*Exhibit 41: Data Table on Geographic comparison
**7.3 North America - Market size and forecast 2021-2026
*Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
*Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
**7.4 APAC - Market size and forecast 2021-2026
*Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
* Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
**7.5 Middle East and Africa - Market size and forecast 2021-2026
*Exhibit 50: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
*Exhibit 51: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
*Exhibit 52: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
*Exhibit 53: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
**7.6 Europe - Market size and forecast 2021-2026
*Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
*Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
**7.7 South America - Market size and forecast 2021-2026
*Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
*Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
**7.8 US - Market size and forecast 2021-2026
*Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
*Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
*Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
*Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
**7.9 China - Market size and forecast 2021-2026
*Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
*Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
*Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
*Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
**7.10 Canada - Market size and forecast 2021-2026
*Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
*Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
*Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
*Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)
**7.11 Saudi Arabia - Market size and forecast 2021-2026
*Exhibit 74: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
*Exhibit 75: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
*Exhibit 76: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
*Exhibit 77: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
**7.12 Market opportunity by geography
*Exhibit 78: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Global growth in liquid fuel consumption
*8.1.2 Increase in oil and gas E and P activities
*8.1.3 Increasing upstream investment
**8.2 Market challenges
*8.2.1 Cessation of World Bank funding for E and P activities
*8.2.2 Volatility in oil and gas prices
*8.2.3 Increasing investments in renewable energy
**8.3 Impact of drivers and challenges
*Exhibit 79: Impact of drivers and challenges in 2021 and 2026
**8.4 Market trends
*8.4.1 Increase in deepwater and ultra-deepwater exploration
*8.4.2 Innovations in liner hanger technology
*8.4.3 Rise in world refining capacity
***9. Vendor Landscape
**9.1 Overview
**9.2 Vendor landscape
*Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
**9.3 Landscape disruption
*Exhibit 81: Overview on factors of disruption
**9.4 Industry risks
*Exhibit 82: Impact of key risks on business
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 83: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 84: Matrix on vendor position and classification
**10.3 Allamon Tool Co Inc.
*Exhibit 85: Allamon Tool Co Inc. - Overview
*Exhibit 86: Allamon Tool Co Inc. - Product / Service
*Exhibit 87: Allamon Tool Co Inc. - Key offerings
**10.4 Baker Hughes Co.
*Exhibit 88: Baker Hughes Co. - Overview
*Exhibit 89: Baker Hughes Co. - Business segments
*Exhibit 90: Baker Hughes Co. - Key news
*Exhibit 91: Baker Hughes Co. - Key offerings
*Exhibit 92: Baker Hughes Co. - Segment focus
**10.5 DEW Wartungs und Reparatur GmbH
*Exhibit 93: DEW Wartungs und Reparatur GmbH - Overview
*Exhibit 94: DEW Wartungs und Reparatur GmbH - Product / Service
*Exhibit 95: DEW Wartungs und Reparatur GmbH - Key offerings
**10.6 Dril Quip Inc.
*Exhibit 96: Dril Quip Inc. - Overview
*Exhibit 97: Dril Quip Inc. - Business segments
*Exhibit 98: Dril Quip Inc. - Key offerings
*Exhibit 99: Dril Quip Inc. - Segment focus
**10.7 Halliburton Co.
*Exhibit 100: Halliburton Co. - Overview
*Exhibit 101: Halliburton Co. - Product / Service
*Exhibit 102: Halliburton Co. - Key news
*Exhibit 103: Halliburton Co. - Key offerings
**10.8 Innovex
*Exhibit 104: Innovex - Overview
*Exhibit 105: Innovex - Product / Service
*Exhibit 106: Innovex - Key offerings
**10.9 NOV Inc.
*Exhibit 107: NOV Inc. - Overview
*Exhibit 108: NOV Inc. - Business segments
*Exhibit 109: NOV Inc. - Key news
*Exhibit 110: NOV Inc. - Key offerings
*Exhibit 111: NOV Inc. - Segment focus
**10.10 Packers Plus Energy Services Inc.
*Exhibit 112: Packers Plus Energy Services Inc. - Overview
*Exhibit 113: Packers Plus Energy Services Inc. - Product / Service
*Exhibit 114: Packers Plus Energy Services Inc. - Key offerings
**10.11 Schlumberger Ltd.
*Exhibit 115: Schlumberger Ltd. - Overview
*Exhibit 116: Schlumberger Ltd. - Business segments
*Exhibit 117: Schlumberger Ltd. - Key offerings
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