Latin America Coiled Tubing Market Size & Outlook
The coiled tubing market in Latin America is expected to reach a projected revenue of US$ 509.3 million by 2027. A compound annual growth rate of 4.5% is expected of Latin America coiled tubing market from 2020 to 2027.
Revenue, 2019 (US$M)
$357.7
Forecast, 2027 (US$M)
$509.3
CAGR, 2020 - 2027
4.5%
Report Coverage
Latin America
Latin America coiled tubing market, 2016-2027 (US$M)
Related Markets
Latin America coiled tubing market highlights
- The Latin America coiled tubing market generated a revenue of USD 357.7 million in 2019.
- The market is expected to grow at a CAGR of 4.5% 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, Argentina is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 357.7 million |
| Market revenue in 2027 | USD 509.3 million |
| Growth rate | 4.5% (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, Latin America region accounted for 11.0% 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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Latin America coiled tubing market size, by country, 2016-2027 (US$M)
Latin America Coiled Tubing Market Outlook Share, 2019 & 2027 (US$M)
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