North America Liner Hanger System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Type (Conventional and Expandable), Location of Deployment (Offshore and Onshore), and Geography (The United States, Canada, and Rest of North America)

North America Liner Hanger Market Size

North America Liner Hanger-Market Summary
Study Period: 2019 - 2028
CAGR: > 6.2 %

Major Players


*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and it's growth?

North America Liner Hanger Market Analysis

The liner hanger system market in North America is expected to grow at CAGR of more than 6.2% in the forecast period of 2020-2025. Increasing upstream activities in the Permian basin in the United States is one of the major driving factors for the liner hanger system market. Additionally, offshore exploration in eastern Canada is likely to create significant market demand in the forecast period. On the other hand, the global crude oil price decline in 2020 has led to a halt or delay in various oil and gas projects. Also, a declining number of offshore wells in the United States is expected to restrain the market growth.

  • With 990 active onshore rigs in the United States and increasing production from the Permian basin, the onshore sector is expected to dominate the liner hanger system market.
  • The United States has one of the largest technically recoverable shale gas reserves and the second-largest tight oil reserves in the world. Moreover, the technological development in hydraulic fracturing is expected to create ample opportunities for the liner hanger system providers.
  • With oil production of 17 million barrels per day in 2019, the United States is leading the market of the liner hanger system market. It is expected to continue its dominance in the forecast period.

North America Liner Hanger Industry Segmentation

The North America liner hanger system market report includes:

Location of Deployment
The United States
Rest of North America

Report scope can be customized per your requirements. Click here.

North America Liner Hanger Market Trends

This section covers the major market trends shaping the North America Liner Hanger Market according to our research experts:

Onshore Sector to Dominate the Market

  • A liner hanger system consists of a liner hanger assembly, releasing tool, cementing head, packer, etc. The liner hanger system is a part of good completion and can be mechanical or hydraulic, premium or standard, rotating or non-rotating, conventional or expandable, and pocket slip.
  • Canada is estimated to have 1,100 trillion cubic feet of natural gas potential. Hydraulic fracturing, in combination with horizontal drilling techniques, allows better access to the natural gas in such formations. This, in turn, is expected to drive the demand for hydraulic liner hanger systems, over the forecast period
  • In Canada, there is a major focus on unconventional resources, such as oil sands, which require greater drilling lengths or ‘laterals,’ which will increase the demand of liner hangers in the forecast period.
  • With total crude oil production of 24.6 million barrels per day, the market of oil and gas is growing and simultaneously driving the need for liner hanger systems.
  • Due to the COVID-19 pandemic in 2020, delay in upstream projects is anticipated. Later in the forecast period, with the initiation of new projects and completion of drilled wells, the market of the liner hangers is expected to grow considerably.
North America Liner Hanger Market-Crude Oil Production

The United States to Dominate the Market

  • The United States was one of the largest producers of crude oil and natural gas, accounting for around 18% and 23% of the global production, respectively, in 2019. The production surged in 2019, mainly due to robust drilling in its shale reserves, led by the Permian Basin.
  • As of April 2019, 8390 drilled wells are incomplete in the country, with the Permian Basin having the largest share. These wells are expected to be completed in the coming years, creating ample opportunity for the liner hanger system suppliers.
  • At the beginning of 2018, the government announced the opening of 98% of the coastal water for oil and gas exploration and production. The announcement is expected to drive the demand for liner hanger systems in the offshore sector in the long run.
  • Despite the decrease in the number of active rig count to 990 in 2019, the production of both crude oil and natural gas is increasing, driving the market of the liner hanger system significantly.
  • Factors, such as increasing share of horizontal and directional drilling, significant oil and gas discoveries in both onshore and offshore segments, along with the shift toward unconventional fields, are expected to boost the demand for oil fields services, including liner hanger systems.
North America Liner Hanger Market-Active Onshore Rig Count

North America Liner Hanger Industry Overview

The North America liner hanger system market is moderately consolidated. Some of the major companies include National-Oilwell Varco, Inc., Halliburton Company, Weatherford International plc, Baker Hughes, Schlumberger Limited Ltd.

North America Liner Hanger Market Leaders

  1. Halliburton Company

  2. Weatherford International plc

  3. Schlumberger Limited

  4. Baker Hughes Ltd

  5. National-Oilwell Varco, Inc

*Disclaimer: Major Players sorted in no particular order


North America Liner Hanger Market Report - Table of Contents


    1. 1.1 Scope of Study

    2. 1.2 Market Definiton

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitute Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Conventional

      2. 5.1.2 Expandable

    2. 5.2 Location of Deployment

      1. 5.2.1 Offshore

      2. 5.2.2 Onshore

    3. 5.3 Geogrpahy

      1. 5.3.1 The United States

      2. 5.3.2 Canada

      3. 5.3.3 Rest of North America


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Halliburton Company

      2. 6.3.2 Weatherford International plc

      3. 6.3.3 National Oilwell Varco Inc.

      4. 6.3.4 Baker Hughes Company

      5. 6.3.5 National-Oilwell Varco, Inc

      6. 6.3.6 Well Innovation AS

      7. 6.3.7 NCS Multistage LLC

      8. 6.3.8 Schlumberger Limited

      9. 6.3.9 Drill-Quip Inc.

    4. *List Not Exhaustive

**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

North America Liner Hanger Market Research FAQs

The North America Liner Hanger System Market is studied from 2019 - 2028.

The North America Liner Hanger System Market is growing at a CAGR of >6.2% over the next 5 years.

Halliburton Company , Weatherford International plc , Schlumberger Limited , Baker Hughes Ltd , National-Oilwell Varco, Inc are the major companies operating in North America Liner Hanger System Market .

North America Liner Hanger System Industry Report

Statistics for the 2023 North America Liner Hanger System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Liner Hanger System analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!