Zion Market Research Global Coiled Tubing Market, 2016–2024 | Page 3

Coiled Tubing Market
of these activities. The main focus is to increase the production of natural gas and oil which
require the coiled tubing services on a large scale which drives the growth of the global
market. The increasing demand for the coiled product boosts the global coiled tubing
market. The increasing job opportunities along with low-cost labor are expected to influence
the growth of the global market. The high cost of ownership is thus restraining the global
market growth.
Global Coiled Tubing Market: Segmentation
The coiled tubing market is bifurcated on the basis of services, active fleet, and region. The
services segment is categorized into well intervention and drilling. The good intervention
sub-segment is further bifurcated into well completion and well cleaning. The regional
segmentation includes Asia Pacific, North America, Europe, and the Middle East and Africa.
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Global Coiled Tubing Market: Regional Analysis
The US has major of its share in the coiled tubing market. The increasing shale gas
developments in the US help the global market growth in the region. The innovative
technology and higher investments used in the oil and gas industry helps the global market
grow in the regions such as the Middle East and Africa. The growth in the global coiled