Market Overview:
The global tubing spools market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for oil and gas across the globe. Additionally, the growing exploration and production activities in offshore areas are also fueling the demand for tubing spools market. Based on type, the global tubing spools market can be segmented into single versions and dual versions. The dual versions segment is expected to grow at a higher CAGR during the forecast period as compared to single versions segment owing to its advantages such as easy transportation, installation, and removal. Based on application, the global tubing spools market can be divided into well testing and well completion applications.
Product Definition:
Tubing spools are used to store and transport tubing. They make it easy to handle the tubing and keep it organized.
Single Versions:
Single Versions (SV) is a term used for the practice of using only one version of a software release at any given time. It is an effective way to control updates and reduce complexity in IT environments as it helps in reducing the number of simultaneous upgrades that are going on in the organization.
The primary factor driving market growth is increased demand from end-users for reduced update complexities, SV provides just that, single versions eliminate multiple upgrade paths.
Dual Versions:
Dual versions is a technology that allows two different images of the same product to be displayed on the same spool. It helps in increasing profit margins by reducing inventory costs and also helps in providing better customer service due to visual identification of part numbers.
The dual version Tubing Spools are manufactured using high-quality polymers, which offer excellent resistance towards solvents, acids & bases as well as UV radiation.
Application Insights:
The application segment is sub-divided into well testing, well completion and perforating. Well testing accounted for the largest revenue share in 2017 owing to its ability to provide accurate and consistent Tubing Spool results across the globe. The technology helps in providing a uniform flow of tubular goods thus making it ideal for use during drilling operations. It also eliminates any possible error or defect caused due to improper installation or assembly of tubing systems at the time of manufacturing stage.
Well Completion segment is expected register fastest CAGR over the forecast period owing to high demand from various industries such as oil & gas, chemical, petrochemical and pharmaceuticals among others which require reliable Tubing Spool products with enhanced features for their operations globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of 5.6% over the forecast period, owing to increasing well drilling activities in U.S and Canada for exploration of unconventional sources such as shale oil and tar sands coupled with rising offshore drilling activities across various platforms including Gulf of Mexico, Mississippi River Delta, and Alaskan North Slope which are anticipated to drive product demand over the forecast period.
The Asia Pacific is expected to be one of the fastest-growing regions during the forecast years on account of rapid development associated with government initiatives for hydrocarbon exploration & production coupled with growing need for Tubing Completion Equipment (TCE) by operators across China, India, Australia among other countries owing to presence large number high potential reserves especially offshore basins that require advanced technologies such as hydraulic fracturing or enhanced oil recovery (EOR). These factors are likely drive regional product demand over next eight years.
Growth Factors:
- Increasing demand from the automotive and transportation industry for tubing spools as a result of the growth in automobile production.
- Growing demand for tubing spools in the oil and gas industry due to increasing exploration and production activities across the globe.
- Rising demand from end-use industries such as construction, electrical & electronics, and medical devices owing to growth in these sectors globally.
- Technological advancements that have led to development of new applications for tubing spools in various industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tubing Spools Market Research Report
By Type
Single Versions, Dual Versions
By Application
Well Testing, Well Completion
By Companies
Delta Corporation, Jereh Oilfield Equipment, Integrated Equipment, TSC, WRAYLINE, Sunnda, Yancheng Sanyi Petrochemical Machinery Co., LTD, GE Oil & Gas, JMP Petroleum Technologies, HRSB, Delta Corporation, MSP, Weir
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Tubing Spools Market Report Segments:
The global Tubing Spools market is segmented on the basis of:
Types
Single Versions, Dual Versions
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
Well Testing, Well Completion
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:
- Delta Corporation
- Jereh Oilfield Equipment
- Integrated Equipment
- TSC
- WRAYLINE
- Sunnda
- Yancheng Sanyi Petrochemical Machinery Co., LTD
- GE Oil & Gas
- JMP Petroleum Technologies
- HRSB
- Delta Corporation
- MSP
- Weir
Highlights of The Tubing Spools 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:
- Single Versions
- Dual Versions
- By Application:
- Well Testing
- Well Completion
- 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 Tubing Spools 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Tubing spools are a type of tubing used to wind up and hold lengths of tubing. They come in a variety of sizes, and can be used for a variety of purposes, including making hoses or other types of connectors.
Some of the major companies in the tubing spools market are Delta Corporation, Jereh Oilfield Equipment, Integrated Equipment, TSC, WRAYLINE, Sunnda, Yancheng Sanyi Petrochemical Machinery Co., LTD, GE Oil & Gas, JMP Petroleum Technologies, HRSB, Delta Corporation, MSP, Weir.
The tubing spools market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tubing Spools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tubing Spools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tubing Spools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tubing Spools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tubing Spools Market Size & Forecast, 2020-2028
4.5.1 Tubing Spools Market Size and Y-o-Y Growth
4.5.2 Tubing Spools Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Versions
5.2.2 Dual Versions
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Well Testing
6.2.2 Well Completion
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tubing Spools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tubing Spools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Versions
9.6.2 Dual Versions
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Well Testing
9.10.2 Well Completion
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Versions
10.6.2 Dual Versions
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Well Testing
10.10.2 Well Completion
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Versions
11.6.2 Dual Versions
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Well Testing
11.10.2 Well Completion
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Versions
12.6.2 Dual Versions
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Well Testing
12.10.2 Well Completion
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Versions
13.6.2 Dual Versions
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Well Testing
13.10.2 Well Completion
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tubing Spools Market: Competitive Dashboard
14.2 Global Tubing Spools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Delta Corporation
14.3.2 Jereh Oilfield Equipment
14.3.3 Integrated Equipment
14.3.4 TSC
14.3.5 WRAYLINE
14.3.6 Sunnda
14.3.7 Yancheng Sanyi Petrochemical Machinery Co., LTD
14.3.8 GE Oil & Gas
14.3.9 JMP Petroleum Technologies
14.3.10 HRSB
14.3.11 Delta Corporation
14.3.12 MSP
14.3.13 Weir
