Global Wellhead Components Market Size & Outlook
Global wellhead components market, 2018-2030 (US$M)
Global wellhead components market highlights
- The global wellhead components market generated a revenue of USD 6,250.0 million in 2023 and is expected to reach USD 8,479.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.5% by 2030.
- In terms of segment, hangers accounted for a revenue of USD 6,250.0 million in 2023.
- Hangers is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 6,250.0 million |
| Market revenue in 2030 | USD 8,479.0 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Hangers |
| Fastest growing segment | Hangers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hangers |
Other key industry trends
- In terms of revenue, the North America accounted for 34.3% of the global wellhead components market in 2023.
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Wellhead Components Market Scope
Wellhead Components Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global wellhead components market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wellhead components market will help companies and investors design strategic landscapes.
Hangers was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Global wellhead components market based on hangers covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Wellhead Components Product Outlook (Revenue, USD Million, 2018-2030)
- Hangers
- Flanges
- Master Valve
- Casing Head
- Casing Spools
- Others
- Global Wellhead Components Application Outlook (Revenue, USD Million, 2018-2030)
- Onshore
- Offshore
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Our clientele includes a mix of wellhead components market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global wellhead components market , including forecasts for subscribers. This global databook contains high-level insights into Global wellhead components market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global wellhead components market size, by regions, 2018-2030 (US$M)
Top 10 countries: Wellhead components market size, 2024 (US$M)
Global wellhead components market share, by product, 2024 & 2030 (%, US$M)
Wellhead components market: Opportunity assessment by country
Global wellhead components market, by region, 2024 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,730.3 | 1,802.9 | 1,880.3 | 1,962.7 | 2,050.5 | 2,144.4 | 2,245.5 | 2,353.5 | 2,468.9 | 2,592.3 | 2,724.2 | 2,865.5 | 3,016.8 | 5.1% |
| Europe | 1,393.6 | 1,449.4 | 1,508.7 | 1,571.9 | 1,639.2 | 1,711.0 | 1,788.6 | 1,871.3 | 1,959.5 | 2,053.8 | 2,154.5 | 2,262.3 | 2,377.5 | 4.9% |
| Asia Pacific | 1,011.4 | 1,044.8 | 1,080.3 | 1,118.0 | 1,158.0 | 1,200.6 | 1,246.6 | 1,295.5 | 1,347.5 | 1,402.9 | 1,461.8 | 1,524.6 | 1,591.5 | 4.2% |
| Latin America | 332.0 | 340.0 | 348.4 | 357.4 | 366.8 | 377.0 | 387.4 | 398.4 | 410.1 | 422.6 | 435.8 | 449.8 | 464.6 | 3.1% |
| MEA | 713.3 | 731.8 | 751.5 | 772.3 | 794.3 | 817.0 | 842.9 | 870.1 | 898.6 | 928.7 | 960.3 | 993.5 | 1,028.5 | 3.4% |
| Overall | 5,180.6 | 5,368.9 | 5,569.2 | 5,782.1 | 6,008.7 | 6,250.0 | 6,511.0 | 6,788.8 | 7,084.7 | 7,400.2 | 7,736.6 | 8,095.6 | 8,478.9 | 4.6% |
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