Europe Coiled Tubing Market Size & Outlook, 2019-2027
The coiled tubing market in Europe is expected to reach a projected revenue of US$ 850.4 million by 2027. A compound annual growth rate of 4.3% is expected of Europe coiled tubing market from 2020 to 2027.
Revenue, 2019 (US$M)
$607.6
Forecast, 2027 (US$M)
$850.4
CAGR, 2020 - 2027
4.3%
Report Coverage
Europe
Europe coiled tubing market, 2016-2027 (US$M)
Related Markets
Europe coiled tubing market highlights
- The Europe coiled tubing market generated a revenue of USD 607.6 million in 2019.
- The market is expected to grow at a CAGR of 4.3% from 2020 to 2027.
- In terms of segment, well intervention was the largest revenue generating services in 2019.
- Well Intervention is the most lucrative services segment registering the fastest growth during the forecast period.
- Country-wise, Russia is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 607.6 million |
| Market revenue in 2027 | USD 850.4 million |
| Growth rate | 4.3% (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 |
| Key market players worldwide | Forum Energy Technologies Inc, NOV Inc, Tenaris SA, Sandvik AB, Steel Partners Holdings LP |
Other key industry trends
- In terms of revenue, Europe region accounted for 18.7% of the global coiled tubing market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- North America is the fastest growing regional market and is projected to reach USD 2,304.9 million by 2027.
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Coiled Tubing Market Scope
Coiled tubing market segmentation & scope
Coiled Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe coiled tubing market size, by country, 2016-2027 (US$M)
Europe Coiled Tubing Market Outlook Share, 2019 & 2027 (US$M)
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