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 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 2019USD 607.6 million
Market revenue in 2027USD 850.4 million
Growth rate4.3% (CAGR from 2019 to 2027)
Largest segmentWell intervention
Fastest growing segmentWell Intervention
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationWell Intervention, Drilling
Key market players worldwideForum 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 Companies

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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)

Europe coiled tubing market size, by country, 2016-2027 (US$M)

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