Analysis of the Coiled Tubing Market by Circulation, Pumping, Logging, Perforation, and Others
Expanding Deployment in Various Sectors and Technological Advancement to Augment Market Growth- FMI Gathers Opportunities for Relevant Businesses across Prominent Regions
The global Coiled Tubing market size is expected to be worth US$ 2.77 billion in 2033 and exhibit a CAGR of 4% in the forecast period from 2023 to 2033. The market is predicted to be valued at US$ 1.87 billion in 2023.
The rise in demand for petroleum products from developing economies, the increase in demand for oil and gas products from developing economies, and the notable growth of polymer products derived from petroleum hydrocarbons contribute significantly to the coiled tubing market growth.
A reduction in many fuel stations due to the significant growth of the electric vehicle industry, as well as stringent government regulations related to the operational safety of coiled tubing, are expected to stymie coiled tubing market growth and the adoption of coiled tubing.
Increased investment in oil and gas exploration and production activities is expected to create potential coiled tubing market growth and coiled tubing market opportunities for key coiled tubing market players. Additionally, the coiled tubing market is being driven by upstream companies' increased efforts to improve production from mature fields.
NOCs and integrated oil companies have begun to increase their spending on global upstream and operational activities. Also, the oil and gas upstream sector is improving operational activities and increasing output with rising demand for coiled tubing in the oil and gas. All of these factors are driving the coiled tubing market and also the coiled tubing market's future trends.
Attributes
Details
Coiled Tubing Market CAGR (2023 to 2033)
4%
Coiled Tubing Market Size (2023)
US$ 1.87 billion
Coiled Tubing Market Size (2033)
US$ 2.77 billion
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What is Propelling the Coiled Tubing Market?
The demand for coiled tubing has expanded beyond traditional applications such as well-cleaning and acid stimulation. It is becoming increasingly popular in applications such as coiled tubing drilling, fracturing, subsea, deeper wells, pipelines, and others.
Coiled tubing market expansion can be attributed to technological advances that have increased the demand for coiled tubing in good intervention, drilling, and completion applications accelerating the sales of coiled tubing.
The coiled tubing market is expanding due to increased demand for conventional fuels from developing economies around the world also resulting in the mounting of coiled tubing adoption trends.
What is Restraining the Coiled Tubing Market?
The implementation of stringent government regulations regarding environmental pollution from oil and gas products, as well as the significant development of the electric vehicle industry, are key factors impeding the coiled tubing market growth.
Coiled tubing is a subtle piece of equipment, and the tubing has a thin wall. Since the coiled tubing is constantly bent and straightened, often at high internal pressure, a small flaw, whether caused by corrosion or mechanically, can occur. It can increase the likelihood of operational damage and adversely affect the coiled tubing market’s key trends and opportunities.
According to surveys, 80-90% of coiled tubing string failures in the last two decades were caused by corrosion, mechanical damage, human error, and string manufacturing issues.
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What are the Trends in the Coiled Tubing Market?
On the contrary, the rapid transition from coal to gas power plants and the increased use of gas in vehicles is expected to provide notable coiled tubing market growth.
Rapid advancements in exploration technology for the coiled tubing market, along with declining shallow water oil reserves and the commercial viability of exploration projects, are the primary motivators for exploration and production operators to explore new oilfields, particularly in offshore regions. Hence, stepping up the coiled tubing market’s future trends. New applications for coiled tubing are emerging shooting up the adoption of coiled tubing.
Comparative View of the Adjacent Coiled Tubing Market
Coiled Tubing Market:
Attributes
Coiled Tubing Market
CAGR (2023 to 2033)
4%
Market Value (2033)
USD 2.77 billion
Growth Factor
Advances in technology have increased the use of coiled tubing in good intervention, drilling, and completion applications.
Opportunity
Increased demand for conventional fuels from developing economies around the world.
Key Trends
The rapid transitions from coal to gas power plants, as well as the increased use of gas in vehicles, are expected to provide vital growth opportunities.
Oilfield Services Market:
Attributes
Oilfield Services Market
CAGR (2023 to 2033)
3.5%
Market Value (2033)
US$ 150 billion
Growth Factor
The global increase in oil and gas production, as well as the expansion of shale gas extraction.
Opportunity
Discoveries in the Oilfield
Key Trends
Oil field operators and independent exploration companies should begin investing in exploration activities to improve their reserve replacement ratio,
Fluoropolymer Tubing Market:
Attributes
Fluoropolymer Tubing Market
CAGR (2023 to 2033)
5.5%
Market Value (2033)
US$ 750 million
Growth Factor
Increasing demand from the medical and semiconductor industries.
Opportunity
Fluoropolymer tubing is finding new applications.
Key Trends
Increasing healthcare investments in emerging economies
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Category Wise Insight
Which is the Leading Segment in the Coiled Tubing Market by Service?
The well intervention and production segment accounted for more than 65% of the coiled tubing market’s revenue Ii 2022. In a good intervention, coiled tubing is preferred over conventional tubing because the latter must be screwed together. The former does not necessitate the use of a work-over rig because it can be inserted directly during ongoing production. It is also inexpensive and suitable for use in high-pressure wells escalating the adoption of the coiled tubing market.
The increasing adoption of coiled tubing in advanced operations such as enhanced oil recovery and hydraulic and acid fracturing is encouraging leading coiled tubing market players in the oil and gas industry to incorporate the product into their operations.
Drilling is another important service sector for the coiled tubing market. Companies all over the world are investing in this product because it helps to speed up drilling hence, accelerating the coiled tubing market key trends and opportunities.
Which is the Leading Segment in the Coiled Tubing Market by Operation?
The circulation segment is expected to thrive at a CAGR of 4.5% during the forecast period, in terms of revenue for the coiled tubing market share escalating the coiled tubing market key trends and opportunities. This operation is used when the weight of a hydrostatic head prevents the flow of formulation fluids. Further, the best solution is to inject nitrogen into the well to circulate fluid out of it.
In 2022, the logging segment had a coiled tubing market share of more than 20% of the coiled tubing market. Coiled tubing is widely used in logging operations due to its rigidity and ability to be pushed far from the surface. By inserting an electric wireline conductor cable inside coiled tubing, new possibilities in good logging can be created surging the coiled tubing adoption trends.
The pumping segment is predicted to expand at a CAGR of 3.8% in volume terms during the forecast period. The product is used in this operation to distribute fluids to a specific location in the well, such as for performing chemical washes or cementing perforations as a result of scaling the coiled tubing market future.
The demand for coiled tubing in the deployment of a complex pump can reduce deployment costs by eliminating the need for several units on site, hence soaring the sales of coiled tubing.
Region-wise Insights
Which is the Leading Region in the Coiled Tubing Market?
In terms of volume and revenue, North America dominated the coiled tubing market, accounting for more than 30% of global revenue in 2023. The growing importance of the shale gas industry has fueled regional coiled tubing market growth.
Technological advancements to improve well efficiency are driving the demand for coiled tubing in the region even further and therefore resulting in the intensification of coiled tubing market opportunities.
What is Asia Pacific’s Coiled Tubing Market Growth Outlook?
The Asia Pacific region is expected to thrive at a CAGR of 3.9% in terms of revenue during the forecast period. Oil and gas demand from developing countries such as India, Vietnam, and China is increasing significantly in the region. Countries in the region are vying to develop oil fields. The market in China is anticipated to expand at a CAGR of 4.5%.
What is Europe’s Coiled Tubing Market Growth Scenario?
In terms of volume, the Europe region is anticipated to expand by 3% during the forecast period. Further, the region is focusing on shifting its energy mix away from fossil fuels and toward renewable energy.
The Russia-Ukraine conflict negatively impacted the region's gas supply as well as the coiled tubing market trends and forecasts. During the forecast period, such factors are expected to restrain demand for coiled tubing and coiled tubing market size in Europe. The region accounted for a market share of 30% in 2022.
How Competition Influences the Coiled Tubing Market?
The coiled tubing market is highly competitive, with numerous players present all over the world. Due to rising oil and gas prices and a scarcity of supply, key coiled tubing market players are increasing production, which is positively influencing coiled tubing market growth.
Tenaris, Forum Energy Technologies, Inc., National Oilwell Varco, Sandvik AB, HandyTube, and Trident Steel Corporation are the key players in the coiled tubing market.
Recent Developments:
Announcement:
Cairn Oil & Gas and the Vedanta group announced in February 2022 that they had discovered a new oil well in Rajasthan, India.
John Lawrie Metals extended its decommissioning operation at Montrose Port in June 2022. The premier metal reuse and utilization company in the north and northeast of Scotland, John Lawrie Metals Ltd, recently unveiled the extension of its specialized decommissioning operation at Montrose Port.
Agreement:
Altus Intervention AS, a subsidiary of the international Altus Intervention Group AS, signed a long-term framework agreement with Equinor for the delivery of Integrated Wireline Services in January 2022. On a total of 22 installations, this agreement calls for the provision of fully integrated intervention services such as mechanical wireline, cased hole logging, and tractor conveyance.
Contracts:
Schlumberger announced in January 2022 that they had received a 5-year contract for a coiled tubing drilling service to be deployed in a key Saudi gas field.
Halliburton signed a contract with Energean (an independent E&P company focused on developing resources in the Mediterranean and the North Sea) in September 2022 to carry out a three to five-well drilling and completions campaign. This agreement increased demand for coiled tubing services and is projected to expand the company's project portfolio.
Petroliam Nasional Berhad awarded Uzma Engineering a contract for good reactivation in August 2022. The company is likely to perform well intervention services such as coiled tubing, desanding, pumping, and well testing.
Sandvik purchased Frezite, a producer of PCD tools, in June 2022. Sandvik has agreed to purchase 100% of the stock holdings in Frezigest, SGPS ("Frezite"), an organization established in Portugal.
How is the Start-up Ecosystem in the Coiled Tubing Coiled Tubing Market?
Many new coiled tubing market opportunities are being created in the coiled tubing market as manufacturers invest in research and development to develop several advanced coiled tubing solutions. A key start-up in the coiled tubing market for example:
Exxon Mobile Corporation in April 2022, announced that they are going to invest US$ 10 billion in offshore projects in Guyana. The project is expected to produce 1.2 million barrels of oil & gas per day by 2033. These kinds of projects are expected to propel the coiled tubing market growth during the forecast period.
Report Scope
Report Attributes
Details
Expected Market Value (2023)
USD 1.87 billion
Market Anticipated Forecast Value (2033)
USD 2.77 billion
Growth Rate
CAGR of 4% from 2023 to 2033
Base Year for Estimation
2022
Historical Data
2018 to 2022
Forecast Period
2023 to 2033
Quantitative Units
Revenue in US$ million and CAGR from 2023 to 2033
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
Service
Operation
Application
Region
Regions Covered
North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)
Key Countries Profiled
The United States
Canada
Brazil
Mexico
Germany
The United Kingdom
France
Spain
Italy
Poland
Russia
Czech Republic
Romania
India
Bangladesh
Australia
New Zealand
China
Japan
South Korea
GCC Countries
South Africa
Israel
Key Companies Profiled
John Lawrie Group
Sandvik AB
Forum Energy Technologies, Inc.
Gautam Tube Corporation
HandyTube
National Oilwell Varco
Stewart & Stevenson
T&H Lemont
Tenaris
Trident Steel Corporation
Customization
Available Upon Request
Key Segmentation
By Service:
Well Intervention & Production
Well Completion
Well Cleaning
Others
Drilling
Others
By Operation:
Circulation
Pumping
Logging
Perforation
Others
By Application:
Onshore
Offshore
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)
Frequently Asked Questions
What is the Coiled Tubing Market CAGR for 2033?
The coiled tubing market CAGR 2033 is 4%.
What is the Current Coiled Tubing Market Size?
The market is estimated to secure a size of US$ 1.87 billion in 2023.
What is the Projected Market Value of the Global Coiled Tubing market for 2033?
The projected market value of the market for 2033 is US$ 2.77 billion.
How Key Players are Developing the Coiled Tubing Market?
Key players are developing the market by investing in research and development.
Which are the Key Companies in the Coiled Tubing Market?
Schlumberger, Baker Hughes, and Halliburton are the key companies in this market.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Service, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service, 2023 to 2033
5.3.1. Well Intervention & Production
5.3.1.1. Well Completion
5.3.1.2. Well Cleaning
5.3.1.3. Others
5.3.2. Drilling
5.3.3. Others
5.4. Y-o-Y Growth Trend Analysis By Service, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Service, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Operation
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Operation, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Operation, 2023 to 2033
6.3.1. Circulation
6.3.2. Pumping
6.3.3. Logging
6.3.4. Perforation
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Operation, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Operation, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Application , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application , 2023 to 2033
7.3.1. Onshore
7.3.2. Offshore
7.4. Y-o-Y Growth Trend Analysis By Application , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Application , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Service
9.2.3. By Operation
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Service
9.3.3. By Operation
9.3.4. By Application
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Service
10.2.3. By Operation
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Service
10.3.3. By Operation
10.3.4. By Application
10.4. Key Takeaways
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Service
11.2.3. By Operation
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Service
11.3.3. By Operation
11.3.4. By Application
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Service
12.2.3. By Operation
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Service
12.3.3. By Operation
12.3.4. By Application
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Service
13.2.3. By Operation
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Service
13.3.3. By Operation
13.3.4. By Application
13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Service
14.2.3. By Operation
14.2.4. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Service
14.3.3. By Operation
14.3.4. By Application
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Service
15.2.3. By Operation
15.2.4. By Application
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Service
15.3.3. By Operation
15.3.4. By Application
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. U.S.
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Service
16.1.2.2. By Operation
16.1.2.3. By Application
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Service
16.2.2.2. By Operation
16.2.2.3. By Application
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Service
16.3.2.2. By Operation
16.3.2.3. By Application
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Service
16.4.2.2. By Operation
16.4.2.3. By Application
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Service
16.5.2.2. By Operation
16.5.2.3. By Application
16.6. U.K.
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Service
16.6.2.2. By Operation
16.6.2.3. By Application
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Service
16.7.2.2. By Operation
16.7.2.3. By Application
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Service
16.8.2.2. By Operation
16.8.2.3. By Application
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Service
16.9.2.2. By Operation
16.9.2.3. By Application
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Service
16.10.2.2. By Operation
16.10.2.3. By Application
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Service
16.11.2.2. By Operation
16.11.2.3. By Application
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Service
16.12.2.2. By Operation
16.12.2.3. By Application
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Service
16.13.2.2. By Operation
16.13.2.3. By Application
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Service
16.14.2.2. By Operation
16.14.2.3. By Application
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Service
16.15.2.2. By Operation
16.15.2.3. By Application
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Service
16.16.2.2. By Operation
16.16.2.3. By Application
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Service
16.17.2.2. By Operation
16.17.2.3. By Application
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Service
16.18.2.2. By Operation
16.18.2.3. By Application
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Service
16.19.2.2. By Operation
16.19.2.3. By Application
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Service
16.20.2.2. By Operation
16.20.2.3. By Application
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Service
16.21.2.2. By Operation
16.21.2.3. By Application
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2022
16.22.2.1. By Service
16.22.2.2. By Operation
16.22.2.3. By Application
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2022
16.23.2.1. By Service
16.23.2.2. By Operation
16.23.2.3. By Application
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Service
17.3.3. By Operation
17.3.4. By Application
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. John Lawrie Group
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Sandvik AB
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Forum Energy Technologies, Inc.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Gautam Tube Corporation
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. HandyTube
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. National Oilwell Varco
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Stewart & Stevenson
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. T&H Lemont
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Tenaris
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Trident Steel Corporation
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used20. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Operation, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Operation, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Operation, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Western Europe Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 15: Western Europe Market Value (US$ Million) Forecast by Operation, 2018 to 2033
Table 16: Western Europe Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Operation, 2018 to 2033
Table 20: Eastern Europe Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Operation, 2018 to 2033
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 27: East Asia Market Value (US$ Million) Forecast by Operation, 2018 to 2033
Table 28: East Asia Market Value (US$ Million) Forecast by Application , 2018 to 2033
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Service, 2018 to 2033
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Operation, 2018 to 2033
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Application , 2018 to 2033
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List of Charts
Figure 1: Global Market Value (US$ Million) by Service, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Operation, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Application , 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Operation, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Operation, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Operation, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 17: Global Market Attractiveness by Service, 2023 to 2033
Figure 18: Global Market Attractiveness by Operation, 2023 to 2033
Figure 19: Global Market Attractiveness by Application , 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Service, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Operation, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by Application , 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Operation, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Operation, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Operation, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 37: North America Market Attractiveness by Service, 2023 to 2033
Figure 38: North America Market Attractiveness by Operation, 2023 to 2033
Figure 39: North America Market Attractiveness by Application , 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Service, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Operation, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by Application , 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Operation, 2018 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Operation, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Operation, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 57: Latin America Market Attractiveness by Service, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Operation, 2023 to 2033
Figure 59: Latin America Market Attractiveness by Application , 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Western Europe Market Value (US$ Million) by Service, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) by Operation, 2023 to 2033
Figure 63: Western Europe Market Value (US$ Million) by Application , 2023 to 2033
Figure 64: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Western Europe Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 71: Western Europe Market Value (US$ Million) Analysis by Operation, 2018 to 2033
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Operation, 2023 to 2033
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Operation, 2023 to 2033
Figure 74: Western Europe Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 77: Western Europe Market Attractiveness by Service, 2023 to 2033
Figure 78: Western Europe Market Attractiveness by Operation, 2023 to 2033
Figure 79: Western Europe Market Attractiveness by Application , 2023 to 2033
Figure 80: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: Eastern Europe Market Value (US$ Million) by Service, 2023 to 2033
Figure 82: Eastern Europe Market Value (US$ Million) by Operation, 2023 to 2033
Figure 83: Eastern Europe Market Value (US$ Million) by Application , 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Operation, 2018 to 2033
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Operation, 2023 to 2033
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Operation, 2023 to 2033
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 97: Eastern Europe Market Attractiveness by Service, 2023 to 2033
Figure 98: Eastern Europe Market Attractiveness by Operation, 2023 to 2033
Figure 99: Eastern Europe Market Attractiveness by Application , 2023 to 2033
Figure 100: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 101: South Asia and Pacific Market Value (US$ Million) by Service, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) by Operation, 2023 to 2033
Figure 103: South Asia and Pacific Market Value (US$ Million) by Application , 2023 to 2033
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Operation, 2018 to 2033
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Operation, 2023 to 2033
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Operation, 2023 to 2033
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 117: South Asia and Pacific Market Attractiveness by Service, 2023 to 2033
Figure 118: South Asia and Pacific Market Attractiveness by Operation, 2023 to 2033
Figure 119: South Asia and Pacific Market Attractiveness by Application , 2023 to 2033
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: East Asia Market Value (US$ Million) by Service, 2023 to 2033
Figure 122: East Asia Market Value (US$ Million) by Operation, 2023 to 2033
Figure 123: East Asia Market Value (US$ Million) by Application , 2023 to 2033
Figure 124: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: East Asia Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 131: East Asia Market Value (US$ Million) Analysis by Operation, 2018 to 2033
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Operation, 2023 to 2033
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Operation, 2023 to 2033
Figure 134: East Asia Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 135: East Asia Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 137: East Asia Market Attractiveness by Service, 2023 to 2033
Figure 138: East Asia Market Attractiveness by Operation, 2023 to 2033
Figure 139: East Asia Market Attractiveness by Application , 2023 to 2033
Figure 140: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 141: Middle East and Africa Market Value (US$ Million) by Service, 2023 to 2033
Figure 142: Middle East and Africa Market Value (US$ Million) by Operation, 2023 to 2033
Figure 143: Middle East and Africa Market Value (US$ Million) by Application , 2023 to 2033
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Service, 2018 to 2033
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Service, 2023 to 2033
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Service, 2023 to 2033
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Operation, 2018 to 2033
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Operation, 2023 to 2033
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Operation, 2023 to 2033
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Application , 2018 to 2033
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Application , 2023 to 2033
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application , 2023 to 2033
Figure 157: Middle East and Africa Market Attractiveness by Service, 2023 to 2033
Figure 158: Middle East and Africa Market Attractiveness by Operation, 2023 to 2033
Figure 159: Middle East and Africa Market Attractiveness by Application , 2023 to 2033
Figure 160: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
