Market Overview:
The global coiled tubing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing exploration and production activities in unconventional reserves are also contributing to the growth of this market. The global coiled tubing market is segmented on the basis of type, application, and region. On the basis of type, it is divided into four segments: 4 points, 6 points, 1 inch tube, and others. The 4 points segment accounts for a major share of this market owing to its high demand in drilling operations across various regions worldwide.
Product Definition:
A coiled tubing unit is a truck-mounted, hydraulically operated drilling rig used to drill and complete wells.
- Increased efficiency as coiled tubing can be run into and out of a well more quickly than traditional jointed pipe.
4 Points:
4 points is a method to connect the secondary and tertiary coil in Coiled Tubing. It helps in increasing the efficiency of electric power transmission lines as it reduces energy losses due to resistance. 4 points coiled tubing is used for hydrocarbon pipeline installation, where it offers benefits such as cost-effectiveness, flexibility and reliability on account of its properties such as corrosion resistance, high strength and durability along with ease of welding.
6 Points:
6 points is a standard measurement for coiled tubing. It has six sides, each of which is 0.5 inches thick and the total cord length is 100 feet.
Application Insights:
The global market is segmented by application into wash sand and wash wells, drilling bridge plug, gas lift, inject liquid nitrogen, and clear wax. In 2017, the drilling bridge plug was the largest application segment with a volume share of over 40%. The growth can be attributed to an increase in oil & gas activities across various regions coupled with growing demand for coiled tubing from this sector.
The other applications include the use of coiled tubing in mining as well as chemical industries. However, these segments accounted for low volumes and share relatively smaller markets compared to others such as oil & gas or power generation sectors globally.
Regional Analysis:
North America coiled tubing market is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing well drilling activities in the region. For instance, as of December 2017, there were approximately 1,500 active wells in North Dakota and 2,000 active wells in South Dakota. These states have witnessed an increase of more than 50% compared with 2013 and are now among the top five states for total number of completed oil/gas wells.
The U.S., which was at the forefront of this industry with a revenue share exceeding 40% as of 2016 has started experiencing decline since then owing to lower exploration and production activities coupled with low crude oil prices (approximately USD X per barrel).
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising exploration and production activities in the unconventional oil & gas reserves
- Proliferation of hydraulic fracturing or fracking technology
- Stringent environmental regulations for emissions control from refineries and petrochemical plants
- Growing investments in the downstream sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Coiled Tubing Market Research Report
By Type
4 Points, 6 Points, 1 Inch Tube
By Application
Wash Sand and Wash Wells, Drilling Bridge Plug, Gas Lift, Inject Liquid Nitrogen, Clear Wax
By Companies
D?L Dloiltools, Sandvik, WB Supply, Hovoy, Schlumberger, Deep Casing Tools, Don Mashburn, Akiet, Centura Oil, Ardyne, Ray Oil Tool, Gryphon Oil Field
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Coiled Tubing Market Report Segments:
The global Coiled Tubing market is segmented on the basis of:
Types
4 Points, 6 Points, 1 Inch Tube
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wash Sand and Wash Wells, Drilling Bridge Plug, Gas Lift, Inject Liquid Nitrogen, Clear Wax
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- D?L Dloiltools
- Sandvik
- WB Supply
- Hovoy
- Schlumberger
- Deep Casing Tools
- Don Mashburn
- Akiet
- Centura Oil
- Ardyne
- Ray Oil Tool
- Gryphon Oil Field
Highlights of The Coiled Tubing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 4 Points
- 6 Points
- 1 Inch Tube
- By Application:
- Wash Sand and Wash Wells
- Drilling Bridge Plug
- Gas Lift
- Inject Liquid Nitrogen
- Clear Wax
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Coiled Tubing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Coiled tubing is a type of tubing that has been coiled into a tight spiral. This makes it easier to transport and store, as well as reducing the amount of space it takes up.
Some of the key players operating in the coiled tubing market are D?L Dloiltools, Sandvik, WB Supply, Hovoy, Schlumberger, Deep Casing Tools, Don Mashburn, Akiet, Centura Oil, Ardyne, Ray Oil Tool, Gryphon Oil Field.
The coiled tubing market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Coiled Tubing Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Coiled Tubing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Coiled Tubing Market - Supply Chain
4.5. Global Coiled Tubing Market Forecast
4.5.1. Coiled Tubing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Coiled Tubing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Coiled Tubing Market Absolute $ Opportunity
5. Global Coiled Tubing Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Coiled Tubing Market Size and Volume Forecast by Type
5.3.1. 4 Points
5.3.2. 6 Points
5.3.3. 1 Inch Tube
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Coiled Tubing Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Coiled Tubing Market Size and Volume Forecast by Application
6.3.1. Wash Sand and Wash Wells
6.3.2. Drilling Bridge Plug
6.3.3. Gas Lift
6.3.4. Inject Liquid Nitrogen
6.3.5. Clear Wax
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Coiled Tubing Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Coiled Tubing Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Coiled Tubing Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Coiled Tubing Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Coiled Tubing Demand Share Forecast, 2019-2026
9. North America Coiled Tubing Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Coiled Tubing Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Coiled Tubing Market Size and Volume Forecast by Application
9.4.1. Wash Sand and Wash Wells
9.4.2. Drilling Bridge Plug
9.4.3. Gas Lift
9.4.4. Inject Liquid Nitrogen
9.4.5. Clear Wax
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Coiled Tubing Market Size and Volume Forecast by Type
9.7.1. 4 Points
9.7.2. 6 Points
9.7.3. 1 Inch Tube
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Coiled Tubing Demand Share Forecast, 2019-2026
10. Latin America Coiled Tubing Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Coiled Tubing Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Coiled Tubing Market Size and Volume Forecast by Application
10.4.1. Wash Sand and Wash Wells
10.4.2. Drilling Bridge Plug
10.4.3. Gas Lift
10.4.4. Inject Liquid Nitrogen
10.4.5. Clear Wax
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Coiled Tubing Market Size and Volume Forecast by Type
10.7.1. 4 Points
10.7.2. 6 Points
10.7.3. 1 Inch Tube
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Coiled Tubing Demand Share Forecast, 2019-2026
11. Europe Coiled Tubing Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Coiled Tubing Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Coiled Tubing Market Size and Volume Forecast by Application
11.4.1. Wash Sand and Wash Wells
11.4.2. Drilling Bridge Plug
11.4.3. Gas Lift
11.4.4. Inject Liquid Nitrogen
11.4.5. Clear Wax
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Coiled Tubing Market Size and Volume Forecast by Type
11.7.1. 4 Points
11.7.2. 6 Points
11.7.3. 1 Inch Tube
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o- Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Coiled Tubing Demand Share, 2019-2026
12. Asia Pacific Coiled Tubing Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Coiled Tubing Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Coiled Tubing Market Size and Volume Forecast by Application
12.4.1. Wash Sand and Wash Wells
12.4.2. Drilling Bridge Plug
12.4.3. Gas Lift
12.4.4. Inject Liquid Nitrogen
12.4.5. Clear Wax
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Coiled Tubing Market Size and Volume Forecast by Type
12.7.1. 4 Points
12.7.2. 6 Points
12.7.3. 1 Inch Tube
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Coiled Tubing Demand Share, 2019-2026
13. Middle East & Africa Coiled Tubing Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Coiled Tubing Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Coiled Tubing Market Size and Volume Forecast by Application
13.4.1. Wash Sand and Wash Wells
13.4.2. Drilling Bridge Plug
13.4.3. Gas Lift
13.4.4. Inject Liquid Nitrogen
13.4.5. Clear Wax
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Coiled Tubing Market Size and Volume Forecast by Type
13.7.1. 4 Points
13.7.2. 6 Points
13.7.3. 1 Inch Tube
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Coiled Tubing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Coiled Tubing Market: Market Share Analysis
14.2. Coiled Tubing Distributors and Customers
14.3. Coiled Tubing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. D?L Dloiltools
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sandvik
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. WB Supply
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hovoy
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schlumberger
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Deep Casing Tools
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Don Mashburn
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Akiet
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Centura Oil
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ardyne
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ray Oil Tool
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Gryphon Oil Field
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
