Middle East & Africa Coiled Tubing Market Size & Outlook
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MEA coiled tubing market highlights
- The MEA coiled tubing market generated a revenue of USD 381.4 million in 2024.
- The market is expected to grow at a CAGR of 3.5% from 2025 to 2033.
- In terms of segment, well intervention & production was the largest revenue generating services in 2024.
- Drilling is the most lucrative services segment registering the fastest growth during the forecast period.
- Country-wise, Libya is expected to register the highest CAGR from 2025 to 2033.
MEA data book summary
| Market revenue in 2024 | USD 381.4 million |
| Market revenue in 2033 | USD 515.1 million |
| Growth rate | 3.5% (CAGR from 2025 to 2033) |
| Largest segment | Well intervention & production |
| Fastest growing segment | Drilling |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Well Intervention & Production, 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, MEA region accounted for 19.8% of the global coiled tubing market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- North America is the fastest growing regional market and is projected to reach USD 830.1 million by 2033.
Key Regions: UAE , U.S. , UK , Brazil , Saudi Arabia
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Coiled Tubing Market Scope
Coiled Tubing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Webco Industries | View profile | 1001-5000 | Sand Springs, Oklahoma, United States, North America | https://www.webcotube.com |
| Oshwin Overseas | View profile | 11-50 | Mumbai, Maharashtra, India, Asia | https://www.oshwin.com/ |
| Amardeep Steel Centre | View profile | 51-100 | Mumbai, Maharashtra, India, Asia | https://steelpipestube.com/ |
| Steel Partners Holdings LP | View profile | 5100 | 590 Madison Avenue, 32nd Floor, New York, NY, United States, 10022 | https://www.steelpartners.com |
| Forum Energy Technologies Inc | View profile | 1600 | 10344 Sam Houston Park Drive, Suite 300, Houston, TX, United States, 77064 | https://www.f-e-t.com |
| Tenaris SA | View profile | 29134 | 26, Boulevard Royal, 4th Floor, Luxembourg, Luxembourg, L-2449 | https://www.tenaris.com |
| NOV Inc | View profile | 33676 | 10353 Richmond Avenue, Houston, TX, United States, 77042-4103 | https://www.nov.com |
| AMETEK Inc | View profile | 21500 | 1100 Cassatt Road, Berwyn, PA, United States, 19312-1177 | https://www.ametek.com |
| Baker Hughes Co Class A | View profile | 58000 | 575 North Dairy Ashford Road, Suite 100, Houston, TX, United States, 77079-1121 | https://www.bakerhughes.com |
| Sandvik AB | View profile | 40614 | Kungsbron 1, Section G, Floor 6, Stockholm, Sweden, 111 22 | https://www.sandvik.com |
MEA coiled tubing market size, by country, 2021-2033 (US$M)
Middle East & Africa Coiled Tubing Market Outlook Share, 2024 & 2033 (US$M)
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