Saudi Arabia Coiled Tubing Market Size & Outlook
The coiled tubing market in Saudi Arabia is expected to reach a projected revenue of US$ 190.6 million by 2027. A compound annual growth rate of 4.5% is expected of Saudi Arabia coiled tubing market from 2020 to 2027.
Revenue, 2019 (US$M)
$133.7
Forecast, 2027 (US$M)
$190.6
CAGR, 2020 - 2027
4.5%
Report Coverage
Saudi Arabia
Saudi Arabia coiled tubing market, 2016-2027 (US$M)
Related Markets
Saudi Arabia coiled tubing market highlights
- The Saudi Arabia coiled tubing market generated a revenue of USD 133.7 million in 2019 and is expected to reach USD 190.6 million by 2027.
- The Saudi Arabia 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.
Coiled tubing market data book summary
| Market revenue in 2019 | USD 133.7 million |
| Market revenue in 2027 | USD 190.6 million |
| Growth rate | 4.5% (CAGR from 2019 to 2027) |
| Largest segment | Well intervention |
| Fastest growing segment | Well Intervention |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, Saudi Arabia accounted for 4.1% of the global coiled tubing market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, Saudi Arabia coiled tubing market is projected to lead the regional market in terms of revenue in 2027.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 190.6 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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Saudi Arabia coiled tubing market size, by services, 2016-2027 (US$M)
Saudi Arabia Coiled Tubing Market Outlook Share, 2019 & 2027 (US$M)
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