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Tubular Handling Systems Market
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Tubular Handling Systems Market

Author: Chandra Mohan - Sr. Industry Consultant, Report ID - DS2402049, Published - February 2025

Segmented in Product Type (Hydraulic Handling, Pneumatic Handling, Automated Handling), Application (Oil & Gas, Construction, Mining, Manufacturing), Technology, Size, End-User and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Tubular Handling Systems Market Outlook

The market, for Tubular handling systems was estimated at $780.0 million in 2024; and it is anticipated to increase to $1.1 billion by 2030 with projections indicating a growth to around $1.4 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 5.3% over the forecast period. Handling systems for tubes have shown their importance in operations that involve a lot of activity and a high volume of work because of how efficient and safe they are known to be. These systems are quite valuable in industries that heavily depend on moving goods in large quantities and continue to be important due to the growing worldwide need, for such sectors. Users and developers of tube handling systems still reap the rewards of their benefits like better performance and safety features along with reduced labor expenses. Making this technology a real game changer, in the industry.


Innovative tubular handling systems offer a range of solutions for moving and organizing tubular goods with automated functions and adjustable setups to meet different needs effectively in sectors like oil and gas and construction industries among others. They are now incorporating technologies to boost efficiency and productivity in response to the current trend of digitalization, in the market.


Market Size Forecast & Key Insights

2019
$780M2024
2029
$1.3B2034

Absolute Growth Opportunity = $527M

The Tubular Handling Systems market is projected to grow from $780.0 million in 2024 to $1.31 billion in 2034. This represents a CAGR of 5.3%, reflecting rising demand across Oil and Gas Exploration, Geothermal Drilling Activities and Offshore Wind Installations.

The Tubular Handling Systems market is set to add $527 million between 2024 and 2034, with manufacturer targeting Construction & Mining Application projected to gain a larger market share.

With Increasing offshore drilling, and Technological advancements, Tubular Handling Systems market to expand 68% between 2024 and 2034.

Opportunities in the Tubular Handling Systems Market

Technological Innovations in Tubular Handling Systems

As technology advances in the sector the importance of advanced technology in developing and using tubular handling systems is growing. Automation and integration technologies, like AI and IoT are introducing groundbreaking advantages. These technological improvements provide efficiency, accuracy and safety resulting in increased operational productivity and cost savings. Consequently businesses that invest in these cutting edge technologies are likely to take advantage of this opportunity and drive growth in the market for handling systems.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

In the Asia Pacific region's growing industrial sector and the expansion of industries such as construction and oil and gas sectors are driving the need for tubular handling systems upwards. The inclusion of technologies in material handling operations has played a crucial role in boosting efficiency and safety measures. Moreover the rise of developing nations like China and India, in growth is pushing towards automating manual tasks which is projected to drive the market growth of tubular handling systems in this region. The increasing rivalry in the market is creating opportunities for innovation, in this region with potential.

North America Outlook

The American region is a major market for tubular handling systems due to the presence of industries prone to erosion damage and wear and tear issues. Several prominent companies in this sector fuel competition. The oil and gasindustry'ssteady progress and the need for material handling practices in various industries have driven the growth of tubular handling systems, in this region. Recent technological improvements have made it easier to integrate these systems into operations. Have contributed to market expansion. The increased attention to safety regulations in tasks related to the handling and storage of products enhances the reputation of this region within the market, for tubular handling systems.

North America Outlook

The American region is a major market for tubular handling systems due to the presence of industries prone to erosion damage and wear and tear issues. Several prominent companies in this sector fuel competition. The oil and gasindustry'ssteady progress and the need for material handling practices in various industries have driven the growth of tubular handling systems, in this region. Recent technological improvements have made it easier to integrate these systems into operations. Have contributed to market expansion. The increased attention to safety regulations in tasks related to the handling and storage of products enhances the reputation of this region within the market, for tubular handling systems.

Asia-Pacific Outlook

In the Asia Pacific region's growing industrial sector and the expansion of industries such as construction and oil and gas sectors are driving the need for tubular handling systems upwards. The inclusion of technologies in material handling operations has played a crucial role in boosting efficiency and safety measures. Moreover the rise of developing nations like China and India, in growth is pushing towards automating manual tasks which is projected to drive the market growth of tubular handling systems in this region. The increasing rivalry in the market is creating opportunities for innovation, in this region with potential.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, Canada, Germany, China, Australia are expected to grow at 3.4% to 5.1% CAGR

2

Emerging Markets : Vietnam, Indonesia, South Africa are expected to grow at 6.1% to 7.3% CAGR

Market Analysis Chart

The market for handling systems is influenced by various important factors. Firstly the growth of the oil and gas sector plays a role as it depends greatly on these systems to ensure smooth operations. Secondly the advancements in automation and robotics technology have resulted in the creation of automated handling systems. These innovations improve efficiency and safety levels making them increasingly popular, in the market. Nevertheless the tubular handling systems market encounters obstacles as well.

Recent Developments and Technological Advancement

December 2024

National Oilwell Varco has revealed the deployment of their cutting edge drill pipe handling system designed to manage tubular handling systems, with improved precision and effectiveness.

October 2024

Halliburton introduced a tubular handling system that can be operated remotely. The goal is to minimize mistakes made by humans and enhance safety during drilling operations.

August 2024

Weatherford International unveiled an environmentally friendly system, for handling tubulars that boasts zero emission features with the goal of enhancing the sustainability of drilling operations.

In the changing world of industrial operations tubular handling systems have advanced steadily making notable progress in recent years. These systems are crafted to handle and control cylindrical objects like pipes, rods and tubes and have become vital across multiple industries with the oil and gas sector, at the forefront of this progress.

Impact of Industry Transitions on the Tubular Handling Systems Market

As a core segment of the Oil & Gas industry, the Tubular Handling Systems market develops in line with broader industry shifts. Over recent years, transitions such as Transition to Automated Tubular Handling Systems and Integration of AI and IoT in Tubular Handling Systems have redefined priorities across the Oil & Gas sector, influencing how the Tubular Handling Systems market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Transition to Automated Tubular Handling Systems:

Amid the age of progressions tubular handling systems have kept pace with innovation as well. The sector has shown progress in shifting from manual operations to automated processes. The advent of automation has effectively tackled issues like safety hazards and inefficiencies linked to manipulation. This shift particularly proves advantageous, for industries that prioritize reducing errors and enhancing accuracy. Automated systems for moving tubes have been widely used in the oil and gas industry to improve safety and efficiency, in operations significantly This advancement boosts productivity and helps reduce risks significantly as well.

2

Integration of AI and IoT in Tubular Handling Systems:

In times the integration of AI and the IOT into pipe handling systems marks a significant shift, in the field. These advancements support monitoring, anticipatory maintenance and efficient operations ultimately delivering great benefits to related sectors.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Oil & Gas industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Oil & Gas industry cascade into the Tubular Handling Systems market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Offshore Drilling, and Stringent Safety Regulations

The offshore drilling industry worldwide is also experiencing an increase in operations activity leading to a rise in the need for advanced tubular handling systems that are also highly efficient. As oil and gas exploration companies delve into more intricate reservoirs seeking new reserves there has also been a substantial increase in the demand for dependable tubular handling systems. These systems play a role in handling drill pipes, casings and tubing during the drilling process to ensure safety and optimize operational efficiency. The surge in drilling activities also serves as a key factor driving the growth of the market, for tubular handling systems.
Stringent safety rules, in the oil and gas sector have also led to the implementation of tech tubular handling systems as companies strive to reduce workplace risks and safeguard workers well being.
The introduction of cutting edge technologies in handling systems like automated pipe handling and racking systems has also been revolutionizing industry norms. The adoption of automated systems decreases the need for labor and helps in lowering the chances of errors while improving safety protocols. Advanced software driven systems now provide operation capabilities that significantly decrease the risks faced by workers during high risk tasks. Consequently these technological innovations have also boosted the demand for automated handling systems, in the market.

Restraint: High Installation and Maintenance Costs

One major obstacle, in the market is the upfront and ongoing expenses linked to tube handling systems installation and upkeep costs are high priced investments that can be tough for companies to manage when they are already grappling with operational expenses affecting market demand and trends.

Challenge: Technological Complexity

In cases where tubular handling systems are involved the technological complexity poses a major challenge as they often rely on skilled technicians to oversee their operation and maintenance This can be particularly problematic, in developing countries and industries facing a shortage of skilled workers as it hinders the widespread adoption of such systems and limits market growth potential.

Supply Chain Landscape

Raw Material Procurement

Global Iron and Steel Co.

Aluminum Producers Co

Component Manufacturing & Assembly

Robust Tubular Systems Inc.

Tech Assembly Solutions Ltd

System Installation & Integration
Premier Pipe Handling Ltd. / Efficient Tubular Systems Corp
End User Industry
Oil and Gas / Mining / Construction
Raw Material Procurement

Global Iron and Steel Co.

Aluminum Producers Co

Component Manufacturing & Assembly

Robust Tubular Systems Inc.

Tech Assembly Solutions Ltd

System Installation & Integration

Premier Pipe Handling Ltd.

Efficient Tubular Systems Corp

End User Industry

Oil and Gas

Mining

Construction

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Oil & Gas
Upstream Oil and Gas Operations
Schlumberger, Halliburton
Implementing automated systems to increase operation efficiency, reducing drilling time
Infrastructure
Construction Industry
Bosch Rexroth AG, TTS Group
Delivering robust and high-capacity systems, expanding product portfolio to meet diverse construction needs
Renewable Energy
Wind Turbine Installations
Lift-Tech International, Siemens AG
Innovating in lightweight and dynamic systems to facilitate easy and safe tubular handling in wind turbine assembly

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Tubular Handling Systems market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Tubular Handling Systems in Geothermal Drilling Activities, Oil and Gas Exploration and Offshore Wind Installations

Geothermal Drilling Activities

During drilling operations sophisticated tubular handling systems play a vital role in handling drill strings casings, and liners. The challenging heat and pressure levels found in wells require durable systems capable of enduring such harsh environments. Leading companies in the industry such as Baker Hughes and Weatherford are recognized for providing quality tubular handling systems that enhance their standing, in this field.

Oil and Gas Exploration

Automated tubular handling systems are crucial in oil and gas exploration tasks like drilling operations because of their efficiency and safety features compared to methods. They help in moving and positioning drill pipes accurately without intervention which reduces risks significantly over the older systems. Big companies, like NOV and Schlumberger have demonstrated their dominance in this sector by innovating and meeting industry requirements effectively.

Offshore Wind Installations

Offshore wind projects use tubular handling systems for moving monopoles and transition pieces in challenging marine conditions with accuracy and reliability ensured by these systems. These specialized tools help in installation by handling heavy loads efficiently and quicker leading to increased project productivity. Known companies like Siem Offshore Contractors and EEW SPC have established their market presence by leveraging dependable tubular handling solutions that are, at the forefront of technology.

Tubular Handling Systems vs. Substitutes:
Performance and Positioning Analysis

Tubular handling systems offer superior precision, reduced manual labor, and enhanced safety compared to traditional methods. Its unique market position stems from technological innovation and increasing offshore drilling activities, signaling potential growth. These Alternatives specially Oil And Gas Flexible Pipes has experienced a rapid growth as detailed in our latest report.

Tubular Handling Systems
    Highly efficient, cost-effective over time
    Requires skilled labor, initial set-up cost is high
    Lower cost, Greater manual control
    Higher risk of worker injury, Less efficiency

Tubular Handling Systems vs. Substitutes:
Performance and Positioning Analysis

Tubular Handling Systems

  • Highly efficient, cost-effective over time
  • Requires skilled labor, initial set-up cost is high

Oil And Gas Flexible Pipes / Flexible Pipe Deployment Systems

  • Lower cost, Greater manual control
  • Higher risk of worker injury, Less efficiency

Tubular handling systems offer superior precision, reduced manual labor, and enhanced safety compared to traditional methods. Its unique market position stems from technological innovation and increasing offshore drilling activities, signaling potential growth. These Alternatives specially Oil And Gas Flexible Pipes has experienced a rapid growth as detailed in our latest report.

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Research Methodology

This market research methodology defines the Tubular Handling Systems market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Oil & Gas ecosystem, we analyze Tubular Handling Systems across Service Companies, Drilling Contractors, and Production Companies Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

Statistical Review of World Energy - Energy Institute

EIA / EIA STEO / IEA

JODI data

UN Data

IRENA - Renewable Energy

JRC - Europe Power Plants

US Power Sector - Form 860

Annual Reports / Industry Magazines / Country Level Ministerial Sources

We benchmark competitors such as National Oilwell Varco, Schlumberger Limited, and Halliburton Company by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Procurement, Component Manufacturing & Assembly, and System Installation & Integration. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Oil & Gas revenues to estimate the Tubular Handling Systems segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Procurement (Global Iron and Steel Co., Aluminum Producers Co), Component Manufacturing & Assembly (Robust Tubular Systems Inc., Tech Assembly Solutions Ltd), and System Installation & Integration. Our parallel substitute analysis examines Oil And Gas Flexible Pipes and Flexible Pipe Deployment Systems, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as National Oilwell Varco, Schlumberger Limited, and Halliburton Company, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Tubular Handling Systems market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Tubular Handling Systems Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 821 million
Revenue Forecast in 2034USD 1.31 billion
Growth RateCAGR of 5.3% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024780 million
Growth OpportunityUSD 527 million
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024780 million USD
Market Size 2027910 million USD
Market Size 20291.01 billion USD
Market Size 20301.06 billion USD
Market Size 20341.31 billion USD
Market Size 20351.38 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, Application, Technology, Size, End-User
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledNational Oilwell Varco, Schlumberger Limited, Halliburton Company, Weatherford International plc, Baker Hughes Company, Precision Drilling Corporation, Saipem S.p.A., Torlins Oil-Gas Equipment Technologies Co. Ltd, Superior Energy Services Inc., Archer Limited, Jereh Oilfield Equipment and Nabors Industries Ltd.
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Tubular Handling Systems Market Size, Opportunities & Strategic Insights, by Product Type

4.1Hydraulic Handling
4.2Pneumatic Handling
4.3Automated Handling
Chapter 5

Tubular Handling Systems Market Size, Opportunities & Strategic Insights, by Application

5.1Oil & Gas
5.2Construction
5.3Mining
5.4Manufacturing
Chapter 6

Tubular Handling Systems Market Size, Opportunities & Strategic Insights, by Technology

6.1Robotics
6.2Control
6.3Monitoring & Diagnostic
Chapter 7

Tubular Handling Systems Market Size, Opportunities & Strategic Insights, by Size

7.1Small Scale
7.2Medium Scale
7.3Large Scale
Chapter 8

Tubular Handling Systems Market Size, Opportunities & Strategic Insights, by End-User

8.1Service Companies
8.2Drilling Contractors
8.3Production Companies
8.4Equipment Manufacturers
Chapter 9

Tubular Handling Systems Market, by Region

9.1North America Tubular Handling Systems Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Tubular Handling Systems Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Tubular Handling Systems Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Tubular Handling Systems Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Tubular Handling Systems Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Tubular Handling Systems Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1National Oilwell Varco
10.2.2Schlumberger Limited
10.2.3Halliburton Company
10.2.4Weatherford International plc
10.2.5Baker Hughes Company
10.2.6Precision Drilling Corporation
10.2.7Saipem S.p.A.
10.2.8Torlins Oil-Gas Equipment Technologies Co. Ltd
10.2.9Superior Energy Services Inc.
10.2.10Archer Limited
10.2.11Jereh Oilfield Equipment
10.2.12Nabors Industries Ltd.