Global Coiled Tubing Market Size & Outlook
Global coiled tubing market, 2016-2027 (US$M)
Related Markets
Global coiled tubing market highlights
- The global coiled tubing market generated a revenue of USD 3,245.4 million in 2019 and is expected to reach USD 4,724.0 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 4.8% by 2027.
- In terms of segment, well intervention accounted for a revenue of USD 2,159.0 million in 2019.
- Well Intervention is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2019.
- Country-wise, Iran is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 3,245.4 million |
| Market revenue in 2027 | USD 4,724.0 million |
| Growth rate | 4.8% (CAGR from 2019 to 2027) |
| Largest segment | Well intervention |
| Fastest growing segment | Well Intervention |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Well Intervention, Drilling |
Other key industry trends
- In terms of revenue, the North America accounted for 46.2% of the global coiled tubing market in 2019.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, Iran is the fastest growing regional market and is projected to reach USD 71.1 million by 2027.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Coiled Tubing Market Scope
Coiled Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global coiled tubing 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 coiled tubing market will help companies and investors design strategic landscapes.
well intervention was the largest segment with a revenue share of 66.52% in 2019. Horizon Databook has segmented the Global coiled tubing market based on well intervention, drilling covering the revenue growth of each sub-segment from 2016 to 2027.
Market Dynamics
Natural gas demand is projected to witness the maximum growth rate over the forecast period. The global demand for natural gas is expected to grow at an estimated CAGR of 1.9% from 2012 to 2035, with a majority of the growth in non-OECD countries outpacing the OECD demand growth (BP Energy Outlook, 2014).
According to BP Energy Outlook 2014, the global energy demand is expected to grow at an average rate of 1.5% per annum and is expected to increase by 41% from 2012 to 2035. Currently, a majority of the energy demand is being fulfilled by liquid hydrocarbons, followed by coal. Liquid hydrocarbons are used as the primary fuel for transportation, followed by industrial engines.
Reasons to subscribe to Global coiled tubing market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global coiled tubing market databook
-
Our clientele includes a mix of coiled tubing market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global coiled tubing market , including forecasts for subscribers. This global databook contains high-level insights into Global coiled tubing market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Global coiled tubing market statistics, by region, 2016-2027 (US$M)
Top 10 countries: Coiled tubing market size, 2019 (USD Million)
Top 10 countries: Coiled tubing market size, 2019 (USD Million)
Global coiled tubing market, by region, 2019 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
