SHARE
Coiled Tubing Market

Coiled Tubing Market Forecasts to 2028 – Global Analysis By Product Type (Non-Alloy Steel, Low Carbon Alloy Steel), Application (Air Lift Drop, Sand Blanking), End User (Construction Industry, Oil and Gas), and By Geography

4.4 (24 reviews)
Published: July 2021 ID: SMRC20768
4.4 (24 reviews)
Published: July 2021 ID: SMRC20768

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Coiled Tubing Market is accounted for $3.00 billion in 2020 and is expected to reach $5.47 billion by 2028 growing at a CAGR of 7.8% during the forecast period. Factors such as upsurge in production of conventional energy resource, increasing investments in offshore oil & gas industry, and advancements in shale oil extraction are driving the growth of the market. However, regulations associated with operational safety are hampering the growth of the market.

Coiled tubing (CT) is a long metal pipe spooled over a large reel and is primarily used to perform workover & repair activities across well sites. There are no joints & cuts in the coiled tube, making it more effective for well boreholes with a depth of over 15,000 feet. In several regions, it is often used to carry out operations similar to wirelining.

Based on the location, the onshore segment is anticipated to expand at a rapid pace during the forecast period owing to the development of domestic shale gas and tight oil reserves. By geography, North America is going to have high growth during the forecast period which can be attributed to the growth in unconventional resources in the US and Canada.

Some of the key players profiled in the Coiled Tubing Market include Weatherford, Trican, Superior Energy Services, Baker Hughes Company, National Energy Services Reunited, RPC Inc., Pioneer Energy Services, Oilserv, STEP Energy Services, Nine Energy Services, Schlumberger, Legend Energy Services, Key Energy Services, Halliburton, Calfrac Well Services, Basic Energy Services, Oceaneering International, Altus Intervention, and NexTier Oilfield Solutions.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 3.00 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

7.8%

Predicted 2028 Value:

USD 5.47 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

356

Chapters Covered:

Product, Tubing Fleet, Service, Location, Application, End User, Sales Channel and Region

Core Drivers and Opportunities:

  • Upsurge in production of conventional energy resource
  • Increasing investments in offshore oil & gas industry
  • Development of intelligent coiled tubing technologies

Restraining Factors & Market Threats:

  • Regulations associated with operational safety
  • Challenges related to offshore well interventions


Product Types Covered:
• Non-Alloy Steel Composite Tube
• Low Carbon Alloy Steel Tube

Tubing Fleets Covered:
• Medium Class
• Light Class
• Heavy Class   

Services Covered:
• Drilling Service
• Well Intervention & Production
• Perforating
• Other Services 

Locations Covered:
• Offshore
• Onshore

Applications Covered:
• Wellbore Cleanouts
• Pipeline Cleanout
• Nitrogen Jetting & Inject Liquid Nitrogen
• Clear Wax
• Drilling Bridge Plug
• Gas Lift
• Electrical Submersible Pump Cable Conduit
• Cementing
• Air Lift Drop
• Sand Blanking

End Users Covered:
• Construction Industry
• Engineering Procurement
• Oil and Gas

Sales Channels Covered:
• Direct Sales
• Distributor

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Coiled Tubing Market is majorly driven by upsurge in production of conventional energy resource, increasing investments in offshore oil & gas industry, and advancements in shale oil extraction.

The onshore segment is growing at a highest CAGR owing to the development of domestic shale gas and tight oil reserves.

North America dominated with a significant market share due to the growth in unconventional resources in the region.

Asia Pacific market is growing at a highest CAGR owing to the growing population, which leads to high energy requirements.

Key players in Coiled Tubing Market include Weatherford, Trican, Superior Energy Services, Baker Hughes Company, National Energy Services Reunited, RPC Inc., Pioneer Energy Services, Oilserv, STEP Energy Services, Nine Energy Services, Schlumberger, Legend Energy Services, Key Energy Services, Halliburton, Calfrac Well Services, Basic Energy Services, Oceaneering International, Altus Intervention, and NexTier Oilfield Solutions.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials