Coiled Tubing Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71202
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The coiled tubing market share is expected to increase by USD 910.53 million from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.25%.

This coiled tubing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (onshore and offshore) and geography (North America, MEA, Europe, APAC, and South America). The coiled tubing market report also offers information on several market vendors, including Altus Intervention, Baker Hughes Co., Halliburton Co., NexTier Oilfield Solutions Inc., RPC Inc., Schlumberger Ltd., STEP Energy Services Ltd., Superior Energy Services Inc., Trican Well Service Ltd., and Weatherford International Plc among others.

What will the Coiled Tubing Market Size be in 2021?

Download the Free Report Sample to Unlock the Coiled Tubing Market Size for 2021 and Other Important Statistics

 

Coiled Tubing Market: Key Drivers and Trends

The rising global oil and gas demand is notably driving the coiled tubing market growth, although factors such as fluctuating prices of raw materials may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the coiled tubing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This coiled tubing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Coiled Tubing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Altus Intervention
  • Baker Hughes Co.
  • Halliburton Co.
  • NexTier Oilfield Solutions Inc.
  • RPC Inc.
  • Schlumberger Ltd.
  • STEP Energy Services Ltd.
  • Superior Energy Services Inc.
  • Trican Well Service Ltd.
  • Weatherford International Plc

 

This statistical study of the coiled tubing market encompasses successful business strategies deployed by the key vendors. The coiled tubing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The coiled tubing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Coiled Tubing Market?

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37% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for coiled tubing market in North America. Market growth in this region will be slower than the growth of the market in MEA and APAC. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Coiled Tubing Market?

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The coiled tubing market share growth by the onshore segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the coiled tubing market size and actionable market insights on post COVID-19 impact on each segment.

 

Coiled Tubing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.25%

Market growth 2021-2025

$ 910.53 million

Market structure

Fragmented

YoY growth (%)

4.57

Regional analysis

North America, MEA, Europe, APAC, and South America

Performing market contribution

North America at 37%

Key consumer countries

US, Russian Federation, China, Saudi Arabia, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Altus Intervention, Baker Hughes Co., Halliburton Co., NexTier Oilfield Solutions Inc., RPC Inc., Schlumberger Ltd., STEP Energy Services Ltd., Superior Energy Services Inc., Trican Well Service Ltd., and Weatherford International Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Coiled Tubing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive coiled tubing market growth during the next five years
  • Precise estimation of the coiled tubing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the coiled tubing market industry across North America, MEA, Europe, APAC, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of coiled tubing market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Onshore - Market size and forecast 2020-2025
    • Offshore - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Altus Intervention
      • Baker Hughes Co.
      • Halliburton Co.
      • NexTier Oilfield Solutions Inc.
      • RPC Inc.
      • Schlumberger Ltd.
      • STEP Energy Services Ltd.
      • Superior Energy Services Inc.
      • Trican Well Service Ltd.
      • Weatherford International Plc

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The coiled tubing market growth will increase by $910.53 million during 2020-2025.
      The coiled tubing market is expected to grow at a CAGR of 5.25% during 2020-2025.
      Technavio has segmented the coiled tubing market by application (Onshore and Offshore) and geographic (North America, MEA, Europe, APAC, and South America).
      Altus Intervention, Baker Hughes Co., Halliburton Co., NexTier Oilfield Solutions Inc., RPC Inc., Schlumberger Ltd., STEP Energy Services Ltd., Superior Energy Services Inc., Trican Well Service Ltd., Weatherford International Plc are a few of the key vendors in the coiled tubing market.
      North America will register the highest growth rate of 36.86% among the other regions. Therefore, the coiled tubing market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Russian Federation
      • China
      • Saudi Arabia
      • Canada
      The key factors driving the coiled tubing market growth are:
      • Rising global oil and gas demand
      The coiled tubing market vendors should focus on grabbing business opportunities from the onshore segment as it accounted for the largest market share in the base year.
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