UK Coiled Tubing Market Size & Outlook, 2019-2027

The coiled tubing market in UK is expected to reach a projected revenue of US$ 155.4 million by 2027. A compound annual growth rate of 4.4% is expected of UK coiled tubing market from 2020 to 2027.
Revenue, 2019 (US$M)
$110.4
Forecast, 2027 (US$M)
$155.4
CAGR, 2020 - 2027
4.4%
Report Coverage
UK

UK coiled tubing market highlights

  • The UK coiled tubing market generated a revenue of USD 110.4 million in 2019 and is expected to reach USD 155.4 million by 2027.
  • The UK market is expected to grow at a CAGR of 4.4% 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 2019USD 110.4 million
Market revenue in 2027USD 155.4 million
Growth rate4.4% (CAGR from 2019 to 2027)
Largest segmentWell intervention
Fastest growing segmentWell Intervention
Historical data2016 - 2018
Base year2019
Forecast period2020 - 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, UK accounted for 3.4% 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 Europe, Russia coiled tubing market is projected to lead the regional market in terms of revenue in 2027.
  • Russia is the fastest growing regional market in Europe and is projected to reach USD 428.5 million by 2027.

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Coiled Tubing Market Scope

Coiled tubing market segmentation & scope
Well Intervention
Drilling
Others
Circulation/Deliquification
Pumping
Logging
Perforation
Others
Onshore
Offshore

Coiled Tubing Market Companies

Name Profile # Employees HQ Website

UK coiled tubing market size, by services, 2016-2027 (US$M)

UK Coiled Tubing Market Outlook Share, 2019 & 2027 (US$M)

UK coiled tubing market size, by services, 2016-2027 (US$M)

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