Offshore Drilling Riser Market Size, Share, Competitive Landscape and Forecast Trend Analysis – By Type (Marine drilling riser and Tie-back drilling riser), By Material (Steel Risers, Titanium Risers and Composite Risers), By Diameter (Less than 10 inch, 10 to 15 inch and Above 15 inch), By Application (Shallow Water (up to 300 meters), Deep Water (300 to 1,500 meters) and Ultra-Deep Water (beyond 1,500 meters)) & Region – Global Forecasts 2025 - 2035.
- PUBLISHED ON
- 2025-02-04
- NO OF PAGES
- 340
- CATEGORY
- Energy & Power
Market Overview
The Offshore Drilling Riser market growth is predicted to develop at a compound annual growth rate (CAGR) of 2.2% from 2025 to 2035, when global Offshore Drilling Riser market forecast revenue is projected to reach USD 5.38 Billion in 2035, based on an average growth pattern. The global Offshore Drilling Riser Market Size is estimated to reach a value of USD 4.23 Billion in 2025.
SOURCE: We Market Research
The Offshore
Drilling Risers Market industry analysis refers to the industry involved in the
manufacturing, deployment, and maintenance of riser systems used in offshore
oil and gas exploration and production. Drilling risers are crucial components
that connect subsea wells to floating rigs or platforms, enabling the safe
transport of drilling fluids, hydrocarbons, and control systems. The Global
Offshore Drilling Risers Market is expected to witness steady growth, driven by
increased deepwater exploration, technological advancements, and rising global
energy demands. However, sustainability concerns and fluctuating oil prices may
impact investment levels. The market is likely to see innovations in riser
materials and digitalization to enhance safety and operational efficiency.
Global Offshore Drilling Riser Market Scope
|
Report Attributes |
Description |
|
Market Size in 2025 |
USD 4.23 Billion |
|
Market
Forecast in 2035 |
USD 5.38 Billion |
|
CAGR % 2025-2035 |
2.2% |
|
Base
Year |
2024 |
|
Historic Data |
2021-2024 |
|
Forecast
Period |
2025-2035 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Type, By Material,
By Diameter, By Application and By Region |
|
Regional Scope |
North America,
Europe, APAC, Latin America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Offshore
Drilling Riser Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Offshore Drilling Riser market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Offshore Drilling Riser Market Segmentation
The Global Offshore
Drilling Riser Market industry analysis is segmented into by Type, by Material,
by Diameter, by Application and by Region. By Type the market is segmented into
Marine drilling riser and Tie-back drilling riser. Based on Material, Offshore
Drilling Riser Market is bifurcated into Steel Risers, Titanium Risers and
Composite Risers. In terms of Application, Global Offshore Drilling Riser
Market is bifurcated into Shallow Water (up to 300 meters), Deep Water (300 to
1,500 meters) and Ultra-Deep Water (beyond 1,500 meters). On the basis of Diameter,
Offshore Drilling Riser Market is bifurcated into Less than 10 inch, 10 to 15
inch and Above 15 inch.
Market- By Type Analysis
By Type, the Offshore Drilling Riser market revenue is categories into Marine drilling riser and Tie-back drilling riser. Marine drilling riser segments holds the largest segment in the global Offshore Drilling Riser market share, accounting for approximately 58%. Marine drilling risers are designed for use with floating drilling vessels, such as semi-submersibles and drillships. They are essential for deepwater and ultra-deepwater drilling operations, where the drilling platform is not fixed to the seabed. These risers are more complex and costly to design and operate due to the dynamic nature of floating platforms and the need to accommodate subsea blowout preventers (BOPs). The complexity arises from the need to manage the riser's movement and maintain a stable connection between the drilling vessel and the wellhead.
The following segments are part of an in-depth
analysis of the global Offshore Drilling Riser market:
|
Market Segments |
|
|
By Type |
·
Marine drilling riser ·
Tie-back drilling riser |
|
By Material |
·
Steel Risers ·
Titanium Risers ·
Composite Risers |
|
By
Application |
·
Shallow Water (up to 300 meters) ·
Deep Water (300 to 1,500 meters) ·
Ultra-Deep Water (beyond 1,500 meters) |
|
By Diameter |
·
Less than 10 inch ·
10 to 15 inch ·
Above 15 inch |
Offshore Drilling Riser Industry: Regional Analysis
North America Market Forecast
North America holds a significant share of the offshore drilling riser market, driven by extensive offshore drilling activities in regions like the Gulf of Mexico. The region's advanced technological infrastructure and substantial investments in offshore exploration contribute to its dominant position.
Europe Market Statistics
Europe's offshore drilling riser market is
characterized by steady growth, with a focus on offshore wind energy projects.
The region's commitment to renewable energy sources and technological
advancements in offshore drilling contribute to its market share.
Asia Pacific Market Forecasts
Asia Pacific is
projected to be the fastest-growing region in the offshore drilling riser
market. This growth is attributed to an increase in the number of new offshore
projects, rising energy demand due to population growth, and infrastructure
development programs in the oil and gas industry.
Key Market Players
The offshore drilling riser market is highly competitive, with key players actively engaging in strategic initiatives to enhance their market share and technological capabilities. The industry's growth is driven by technological advancements, strategic partnerships, and a focus on regulatory compliance. In January 2021, Tenaris and Subsea 7 signed an agreement to supply pipelines and coating services for Equinor's Bacalhau project. This collaboration involves the supply of 75 km of seamless pipes for risers and manways, manufactured at Tenaris' Dalmine plant in Italy. Major companies dominating in the global Offshore Drilling Riser market report Tenaris, Schlumberger, Aker Solutions, Parker Hannifin, Dril-Quip, Baker Hughes, Claxton Engineering, which have a significant market share.
The Global Offshore
Drilling Riser Market is dominated by a
few large companies, such as
·
Tenaris
·
Schlumberger
·
Aker Solutions
·
Parker Hannifin
·
Dril-Quip
·
Baker Hughes
·
Claxton Engineering
·
Subsea 7
·
Weatherford
· TechnipFMC.
1.
Global
Offshore Drilling Riser Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Offshore Drilling Riser
Market Scope and Market Estimation
1.2.1. Global Offshore Drilling Riser Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2025 - 2035)
1.2.2. Global Offshore Drilling Riser
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2021 - 2035
1.3. Market Segmentation
1.3.1. Type of Global Offshore Drilling
Riser Market
1.3.2. Material of Global Offshore
Drilling Riser Market
1.3.3. Diameter of Global Offshore
Drilling Riser Market
1.3.4. Application of Global Offshore
Drilling Riser Market
1.3.5. Region of Global Offshore
Drilling Riser Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2021 – 2024 and Forecast, 2025 – 2035
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
3.
Global Offshore Drilling Riser
Market Estimates & Historical Trend
Analysis (2021 - 2024)
4.
Global Offshore Drilling Riser
Market Estimates & Forecast Trend
Analysis, by Type
4.1. Global Offshore Drilling Riser
Market Revenue (US$ Bn) Estimates and Forecasts, by Type, 2021 - 2035
4.1.1. Marine drilling riser
4.1.2. Tie-back drilling riser
5.
Global Offshore Drilling Riser
Market Estimates & Forecast Trend
Analysis, by Material
5.1. Global Offshore Drilling Riser
Market Revenue (US$ Bn) Estimates and Forecasts, by Material, 2021 - 2035
5.1.1. Steel Risers
5.1.2. Titanium Risers
5.1.3. Composite Risers
6.
Global Offshore Drilling Riser
Market Estimates & Forecast Trend
Analysis, by Application
6.1. Global Offshore Drilling Riser
Market Revenue (US$ Bn) Estimates and Forecasts, by Application, 2021 - 2035
6.1.1.Shallow
Water (up to 300 meters)
6.1.2.Deep
Water (300 to 1,500 meters)
6.1.3.Ultra-Deep
Water (beyond 1,500 meters)
7.
Global Offshore Drilling Riser
Market Estimates & Forecast Trend
Analysis, by Diameter
7.1. Global Offshore Drilling Riser
Market Revenue (US$ Bn) Estimates and Forecasts, by Diameter, 2021 - 2035
7.1.1.Less
than 10 inch
7.1.2.10 to 15
inch
7.1.3.Above 15
inch
8.
Global Offshore Drilling Riser
Market Estimates & Forecast Trend
Analysis, by Region
8.1. Global Offshore Drilling Riser
Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2021 - 2035
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America Offshore Drilling Riser Market: Estimates & Forecast Trend Analysis
9.1.
North
America Offshore Drilling Riser Market Assessments & Key Findings
9.1.1. North America Offshore Drilling
Riser Market Introduction
9.1.2. North America Offshore Drilling
Riser Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
9.1.2.1. By Type
9.1.2.2. By Material
9.1.2.3. By Diameter
9.1.2.4. By Application
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe Offshore
Drilling Riser Market: Estimates &
Forecast Trend Analysis
10.1. Western Europe Offshore Drilling
Riser Market Assessments & Key Findings
10.1.1. Western Europe Offshore Drilling
Riser Market Introduction
10.1.2. Western Europe Offshore Drilling
Riser Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
10.1.2.1. By Type
10.1.2.2. By Material
10.1.2.3. By Diameter
10.1.2.4. By Application
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe Offshore
Drilling Riser Market: Estimates &
Forecast Trend Analysis
11.1. Eastern Europe Offshore Drilling
Riser Market Assessments & Key Findings
11.1.1. Eastern Europe Offshore Drilling
Riser Market Introduction
11.1.2. Eastern Europe Offshore Drilling
Riser Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
11.1.2.1. By Type
11.1.2.2. By Material
11.1.2.3. By Diameter
11.1.2.4. By Application
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific Offshore
Drilling Riser Market: Estimates &
Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific Offshore Drilling
Riser Market Introduction
12.1.2. Asia Pacific Offshore Drilling
Riser Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
12.1.2.1. By Type
12.1.2.2. By Material
12.1.2.3. By Diameter
12.1.2.4. By Application
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa Offshore
Drilling Riser Market: Estimates &
Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa Offshore
Drilling Riser Market Introduction
13.1.2. Middle
East & Africa Offshore
Drilling Riser Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
13.1.2.1. By Type
13.1.2.2. By Material
13.1.2.3. By Diameter
13.1.2.4. By Application
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
Offshore Drilling Riser Market:
Estimates & Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America Offshore Drilling
Riser Market Introduction
14.1.2. Latin America Offshore Drilling
Riser Market Size Estimates and Forecast (US$ Billion) (2021 - 2035)
14.1.2.1. By Type
14.1.2.2. By Material
14.1.2.3. By Diameter
14.1.2.4. By Application
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global Offshore Drilling Riser
Market Product Mapping
16.2. Global Offshore Drilling Riser Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
16.3. Global Offshore Drilling Riser
Market Tier Structure Analysis
16.4. Global Offshore Drilling Riser
Market Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1. Tenaris
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
17.2. Schlumberger
17.3. Aker Solutions
17.4. Parker Hannifin
17.5. Dril-Quip
17.6. Baker Hughes
17.7. Claxton Engineering
17.8. Subsea 7
17.9. Weatherford
17.10. TechnipFMC
17.11. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Offshore Drilling Riser Market in 2025?
Offshore Drilling Riser Market was valued at USD 4.23 Billion in 2025.
What is the growth rate for the Offshore Drilling Riser Market?
Offshore Drilling Riser Market size will increase at approximate CAGR of 2.2% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Tenaris, Schlumberger, Aker Solutions, Parker Hannifin, Dril-Quip, Baker Hughes, Claxton Engineering, Subsea 7, Weatherford, TechnipFMC and others.
Which region dominates the Offshore Drilling Riser Market?
Asia Pacific dominates the market with an active share of 40%.
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