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GCC & North Africa Coiled Tubing Market Size, Share & Trends Analysis Report By Services (Well Completion, Drilling), By Operations (Circulation, Pumping), By Application, By Region, And Segment Forecasts, 2019 - 2025

June 2020 | 116 pages | ID: G7160CD90B73EN
Grand View Research, Inc.

US$ 5,950.00

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GCC & North Africa Coiled Tubing Market Growth & Trends

The GCC and North Africa coiled tubing market size is expected to reach USD 886.5 million by 2025, registering a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Given the uncertainty in oil and gas industry, oil producers are increasingly utilizing cost effective well completion technologies like coiled tubing (CT).

Coiled tubing is mainly used for upstream oil and gas services such as well intervention and drilling. Moreover, it is a cost- and time-effective well intervention technology. Thus, companies are expected to increasingly opt for CT solutions owing to the rising cost of oil production and fluctuations in the selling prices of oil.

The demand for the product and its associated services in GCC and North America is significantly influenced by the production of oil and gas in the region. The regional market is anticipated to witness growth with a steady increase in well intervention activities, especially in the Middle East. The need to maximize oil and gas production within the existing oilfields coupled with a rising number of aging wells is driving the demand for cost-effective well intervention solutions like coiled tubing.

The future outlook for the market growth in the Middle East remains healthy due to sturdy investments by the National Oil Companies (NOCs) of the region. For instance, Abu Dhabi National Oil Company 9 ADNOC) in 2018 announced to significantly invest in the upstream oil and gas industry over the coming years to improve its oil capacity and offer extra 1 million barrels of oil per day by 2020. Such investments are likely to propel the industry growth.

Saudi Arabia dominated the market as the country is the largest producer of oil in GCC and North Africa. The country produced approximately 13% of the global oil and 30.7% of the Middle East and Africa oil in 2018.The oil production in the country grew from 10,665 thousand barrels per day in 2008 to 12,287 thousand barrels per day in 2018.

The top players in the GCC CT market include Baker Hughes Company, Halliburton, and Schlumberger Limited. These companies strive to gain competitive advantage in oilfield service market by aiming to reduce the cost of production by deploying innovative technologies like coiled tubing.

GCC & North Africa Coiled Tubing Market Report Highlights
  • Saudi Arabia dominated the market with a revenue share of 29% in 2018 owing to huge oil production capacity of the country
  • Iran is expected to expand at a minimal CAGR of 3.5%, in revenue terms, from 2019 to 2025, due to the U.S. levied sanctions on Iran, which, in turn, are expected to hamper the oil production in Iran
  • Onshore application led the market and accounted for the largest revenue share of 81% in 2018 owing to presence of large number of onshore oil wells in the region
  • Well intervention service is predicted to expand at a CAGR of 4.9% from 2019 to 2025 owing to enhanced efficiency provided by the CT service for oil completion activities
  • Offshore application is poised to witness the fastest CAGR of 5.0% from 2019 to 2025, as oil producers are increasingly exploring offshore resources for oil production
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

CHAPTER 3. MARKET VARIABLES, TRENDS, AND SCOPE

3.1. Market Lineage Outlook
  3.1.1. Global coiled tubing market
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Major Raw Material Trends Analysis
  3.3.2. Manufacturing Trends and Technology Overview
  3.3.3. Sales Channel Analysis
  3.3.4. Vendor Selection Criteria Analysis
3.4. Regulatory Framework
3.5. GCC & North Africa coiled tubing Market - Market Dynamics
  3.5.1. Market Driver Analysis
    3.5.1.1. Growth production of oil & gas in the Middle East
  3.5.2. Market Restraint Analysis
    3.5.2.1. Adverse environmental impact of oil & gas industry
3.6. Business Environmental Tools Analysis: GCC & North Africa coiled tubing Market
  3.6.1. Porter’s Five Forces Analysis
    3.6.1.1. Bargaining Power of Suppliers
    3.6.1.2. Bargaining Power of Buyers
    3.6.1.3. Threat of Substitution
    3.6.1.4. Threat of New Entrants
    3.6.1.5. Competitive Rivalry
  3.6.2. PESTLE Analysis
    3.6.2.1. Political Landscape
    3.6.2.2. Economic Landscape
    3.6.2.3. Social Landscape
    3.6.2.4. Technology Landscape
    3.6.2.5. Environmental Landscape
    3.6.2.6. Legal Landscape
3.7. Major Deals & Strategic Alliances

CHAPTER 4. GCC & NORTH AFRICA COILED TUBING MARKET: SERVICE ESTIMATES & TREND ANALYSIS

4.1. Definition & scope
4.2. GCC & North Africa coiled tubing Market: Service Movement Analysis, 2018 & 2025
4.3. Well Intervention
  4.3.1. Market estimates and forecasts, 2014 - 2025 (Units) (Units) (USD Million)
  4.3.2. Market estimates and forecasts, by type, 2014 - 2025 (Units) (USD Million)
  4.3.3. Well completion
  4.3.4. Market estimates and forecasts, by type, 2014 - 2025 (Units) (USD Million)
  4.3.5. Others
  4.3.6. Market estimates and forecasts, by type, 2014 - 2025 (Units) (USD Million)
4.4. Drilling
  4.4.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
4.5. Others
  4.5.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)

CHAPTER 5. GCC & NORTH AFRICA COILED TUBING MARKET: OPERATION ESTIMATES & TREND ANALYSIS

5.1. Definition & scope
5.2. GCC & North Africa coiled tubing Market: Operation Movement Analysis, 2018 & 2025
5.3. Circulation
  5.3.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
5.4. Pumping
  5.4.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
5.5. Logging
  5.5.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
5.6. Perforation
  5.6.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
5.7. Others
  5.7.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)

CHAPTER 6. GCC & NORTH AFRICA COILED TUBING MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

6.1. GCC & North Africa coiled tubing Market: Application Movement Analysis, 2018 & 2025
6.2. Onshore
  6.2.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
6.3. Offshore
  6.3.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)

CHAPTER 7. GCC & NORTH AFRICA COILED TUBING MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. GCC & North Africa coiled tubing market: Country movement analysis, 2018 & 2025
7.2. Saudi Arabia
  7.2.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
  7.2.2. Market estimates and forecasts, by service, 2014 - 2025 (Units) (USD Million)
  7.2.3. Market estimates and forecasts, by operation, 2014 - 2025 (Units) (USD Million)
  7.2.4. Market estimates and forecasts, by application, 2014 - 2025 (Units) (USD Million)
7.3. UAE
  7.3.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
  7.3.2. Market estimates and forecasts, by service, 2014 - 2025 (Units) (USD Million)
  7.3.3. Market estimates and forecasts, by operation, 2014 - 2025 (Units) (USD Million)
  7.3.4. Market estimates and forecasts, by application, 2014 - 2025 (Units) (USD Million)
7.4. Iran
  7.4.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
  7.4.2. Market estimates and forecasts, by service, 2014 - 2025 (Units) (USD Million)
  7.4.3. Market estimates and forecasts, by operation, 2014 - 2025 (Units) (USD Million)
  7.4.4. Market estimates and forecasts, by application, 2014 - 2025 (Units) (USD Million)
7.5. Kuwait
  7.5.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
  7.5.2. Market estimates and forecasts, by service, 2014 - 2025 (Units) (USD Million)
  7.5.3. Market estimates and forecasts, by operation, 2014 - 2025 (Units) (USD Million)
  7.5.4. Market estimates and forecasts, by application, 2014 - 2025 (Units) (USD Million)
7.6. Oman
  7.6.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
  7.6.2. Market estimates and forecasts, by service, 2014 - 2025 (Units) (USD Million)
  7.6.3. Market estimates and forecasts, by operation, 2014 - 2025 (Units) (USD Million)
  7.6.4. Market estimates and forecasts, by application, 2014 - 2025 (Units) (USD Million)
7.7. Iraq
  7.7.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
  7.7.2. Market estimates and forecasts, by service, 2014 - 2025 (Units) (USD Million)
  7.7.3. Market estimates and forecasts, by operation, 2014 - 2025 (Units) (USD Million)
  7.7.4. Market estimates and forecasts, by application, 2014 - 2025 (Units) (USD Million)
7.8. Syria
  7.8.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
  7.8.2. Market estimates and forecasts, by service, 2014 - 2025 (Units) (USD Million)
  7.8.3. Market estimates and forecasts, by operation, 2014 - 2025 (Units) (USD Million)
  7.8.4. Market estimates and forecasts, by application, 2014 - 2025 (Units) (USD Million)
7.9. Libya
  7.9.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
  7.9.2. Market estimates and forecasts, by service, 2014 - 2025 (Units) (USD Million)
  7.9.3. Market estimates and forecasts, by operation, 2014 - 2025 (Units) (USD Million)
  7.9.4. Market estimates and forecasts, by application, 2014 - 2025 (Units) (USD Million)
7.10. North Africa
  7.10.1. Market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
  7.10.2. Market estimates and forecasts, by service, 2014 - 2025 (Units) (USD Million)
  7.10.3. Market estimates and forecasts, by operation, 2014 - 2025 (Units) (USD Million)
  7.10.4. Market estimates and forecasts, by application, 2014 - 2025 (Units) (USD Million)

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. Key Global Players, Their Initiatives, & Its Impact on the Market
8.2. Opportunity Analysis for coiled tubing string production plant set up in Saudi Arabia
  8.2.1. Demand Analysis
  8.2.2. Supply Analysis
    8.2.2.1. Current supply scenario
    8.2.2.2. Supportive government policies
    8.2.2.3. Raw material sourcing
8.3. Company Market Position Analysis
8.4. Vendor Landscape
8.5. Strategic Framework

CHAPTER 9. COMPANY PROFILES

9.1. Schlumberger Limited
  9.1.1. Company overview
  9.1.2. Financial performance
  9.1.3. Operation benchmarking
  9.1.4. Strategic initiatives
9.2. Baker Hughes Company
  9.2.1. Company overview
  9.2.2. Financial performance
  9.2.3. Operation benchmarking
  9.2.4. Strategic initiatives
9.3. Halliburton
  9.3.1. Company overview
  9.3.2. Financial performance
  9.3.3. Operation benchmarking
  9.3.4. Strategic initiatives
9.4. Weatherford International plc
  9.4.1. Company overview
  9.4.2. Financial performance
  9.4.3. Operation benchmarking
  9.4.4. Strategic initiatives
9.5. Archer Limited
  9.5.1. Company overview
  9.5.2. Financial performance
  9.5.3. Operation benchmarking
  9.5.4. Strategic initiatives
9.6. Elite Coil Tubing Solutions Saudi Co.
  9.6.1. Company overview
  9.6.2. Financial performance
  9.6.3. Operation benchmarking
  9.6.4. Strategic initiatives
9.7. Smape S.r.I.
  9.7.1. Company overview
  9.7.2. Financial performance
  9.7.3. Operation benchmarking
  9.7.4. Strategic initiatives
9.8. Sakson Drilling & Oil Services
  9.8.1. Company overview
  9.8.2. Financial performance
  9.8.3. Operation benchmarking
  9.8.4. Strategic initiatives
9.9. Trican
  9.9.1. Company overview
  9.9.2. Financial performance
  9.9.3. Operation benchmarking
  9.9.4. Strategic initiatives
9.10. OilSERV
  9.10.1. Company overview
  9.10.2. Financial performance
  9.10.3. Operation benchmarking
  9.10.4. Strategic initiatives

LIST OF TABLES

1. GCC & North Africa market estimates and forecasts in well intervention, 2014 - 2025 (Units) (USD Million)
2. GCC & North Africa market estimates and forecasts in well intervention, by type, 2014 - 2025 (Units)
3. GCC & North Africa market estimates and forecasts in well intervention, by type, 2014 - 2025 (USD Million)
4. GCC & North Africa market estimates and forecasts in well completion, 2014 - 2025 (Units) (USD Million)
5. GCC & North Africa market estimates and forecasts in well cleaning, 2014 - 2025 (Units) (USD Million)
6. GCC & North Africa market estimates and forecasts in other well intervention services, 2014 - 2025 (Units) (USD Million)
7. GCC & North Africa market estimates and forecasts in drilling, 2014 - 2025 (Units) (USD Million)
8. GCC & North Africa market estimates and forecasts in others, 2014 - 2025 (Units) (USD Million)
9. GCC & North Africa market estimates and forecasts for circulation, 2014 - 2025 (Units) (USD Million)
10. GCC & North Africa market estimates and forecasts for pumping, 2014 - 2025 (Units) (USD Million)
11. GCC & North Africa market estimates and forecasts for logging, 2014 - 2025 (Units) (USD Million)
12. GCC & North Africa market estimates and forecasts for perforations, 2014 - 2025 (Units) (USD Million)
13. GCC & North Africa market estimates and forecasts for other operations, 2014 - 2025 (Units) (USD Million)
14. GCC & North Africa market estimates and forecasts on onshore 2014 - 2025 (Units) (USD Million)
15. GCC & North Africa market estimates and forecasts on offshore, 2014 - 2025 (Units) (USD Million)
16. Saudi Arabia coiled tubing market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
17. Saudi Arabia coiled tubing market estimates and forecasts, by service, 2014 - 2025 (Units)
18. Saudi Arabia coiled tubing market estimates and forecasts, by service, 2014 - 2025 (USD Million)
19. Saudi Arabia coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (Units)
20. Saudi Arabia coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (USD Million)
21. Saudi Arabia coiled tubing market estimates and forecasts, by application, 2014 - 2025 (Units)
22. Saudi Arabia coiled tubing market estimates and forecasts, by application, 2014 - 2025 (USD Million)
23. UAE coiled tubing market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
24. UAE coiled tubing market estimates and forecasts, by service, 2014 - 2025 (Units)
25. UAE coiled tubing market estimates and forecasts, by service, 2014 - 2025 (USD Million)
26. UAE coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (Units)
27. UAE coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (USD Million)
28. UAE coiled tubing market estimates and forecasts, by application, 2014 - 2025 (Units)
29. UAE coiled tubing market estimates and forecasts, by application, 2014 - 2025 (USD Million)
30. Iraq coiled tubing market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
31. Iraq coiled tubing market estimates and forecasts, by service, 2014 - 2025 (Units)
32. Iraq coiled tubing market estimates and forecasts, by service, 2014 - 2025 (USD Million)
33. Iraq coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (Units)
34. Iraq coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (USD Million)
35. Iraq coiled tubing market estimates and forecasts, by application, 2014 - 2025 (Units)
36. Iraq coiled tubing market estimates and forecasts, by application, 2014 - 2025 (USD Million)
37. Kuwait coiled tubing market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
38. Kuwait coiled tubing market estimates and forecasts, by service, 2014 - 2025 (Units)
39. Kuwait coiled tubing market estimates and forecasts, by service, 2014 - 2025 (USD illion)
40. Kuwait coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (Units)
41. Kuwait coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (USD Million)
42. Kuwait coiled tubing market estimates and forecasts, by application, 2014 - 2025 (Units)
43. Kuwait coiled tubing market estimates and forecasts, by application, 2014 - 2025 (USD Million)
44. Oman coiled tubing market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
45. Oman coiled tubing market estimates and forecasts, by service, 2014 - 2025 (Units)
46. Oman coiled tubing market estimates and forecasts, by service, 2014 - 2025 (USD Million)
47. Oman coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (Units)
48. Oman coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (USD Million)
49. Oman coiled tubing market estimates and forecasts, by application, 2014 - 2025 (Units)
50. Oman coiled tubing market estimates and forecasts, by application, 2014 - 2025 (USD Million)
51. Iran coiled tubing market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
52. Iran coiled tubing market estimates and forecasts, by service, 2014 - 2025 (Units)
53. Iran coiled tubing market estimates and forecasts, by service, 2014 - 2025 (USD Million)
54. Iran coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (Units)
55. Iran coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (USD Million)
56. Iran coiled tubing market estimates and forecasts, by application, 2014 - 2025 (Units)
57. Iran coiled tubing market estimates and forecasts, by application, 2014 - 2025 (USD Million)
58. Syria. coiled tubing market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
59. Syria coiled tubing market estimates and forecasts, by service, 2014 - 2025 (Units)
60. Syria coiled tubing market estimates and forecasts, by service, 2014 - 2025 (USD Million)
61. Syria coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (Units)
62. Syria coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (USD Million)
63. Syria coiled tubing market estimates and forecasts, by application, 2014 - 2025 (Units)
64. Syria coiled tubing market estimates and forecasts, by application, 2014 - 2025 (USD Million)
65. Libya. coiled tubing market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
66. Libya coiled tubing market estimates and forecasts, by service, 2014 - 2025 (Units)
67. Libya coiled tubing market estimates and forecasts, by service, 2014 - 2025 (USD Million)
68. Libya coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (Units)
69. Libya coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (USD Million)
70. Libya coiled tubing market estimates and forecasts, by application, 2014 - 2025 (Units)
71. Libya coiled tubing market estimates and forecasts, by application, 2014 - 2025 (USD Million)
72. North Africa. coiled tubing market estimates and forecasts, 2014 - 2025 (Units) (USD Million)
73. North Africa coiled tubing market estimates and forecasts, by service, 2014 - 2025 (Units)
74. North Africa coiled tubing market estimates and forecasts, by service, 2014 - 2025 (USD Million)
75. North Africa coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (Units)
76. North Africa coiled tubing market estimates and forecasts, by operation, 2014 - 2025 (USD Million)
77. North Africa coiled tubing market estimates and forecasts, by application, 2014 - 2025 (Units)
78. North Africa coiled tubing market estimates and forecasts, by application, 2014 - 2025 (USD Million)
79. List of key coiled tubing operators
80. List of key private companies

LIST OF FIGURES

1. Market segmentation & scope
2. Information procurement
3. Data analysis models
4. Market formulation and validation
5. Data validating & publishing
6. GCC & North Africa coiled tubing market volume, 2018 (Units)
7. GCC & North Africa coiled tubing market outlook
8. Penetration & growth prospect mapping
9. GCC & North Africa coiled tubing market: Value chain analysis
10. Market driver analysis
11. Middle East oil production
12. Market restraint analysis
13. PESTEL analysis
14. Porter’s analysis
15. GCC & North Africa coiled tubing market: Service movement analysis, 2018 & 2025 (Units)
16. GCC & North Africa coiled tubing market: Operation movement analysis, 2018 & 2025 (Units)
17. GCC & North Africa coiled tubing market: Application movement analysis, 2018 & 2025 (Units)
18. GCC & North Africa coiled tubing market: Regional movement analysis
19. Coiled tubing string demand in Saudi Arabia
20. Company market poisition analysis


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