Europe Coiled Tubing Market by Services (Well Intervention, Drilling & others), By Application (Onshore &Offshore), By Countries - Regional Trend & Forecast to 2019

The Europe coiled tubing market is expected to grow at a CAGR of 7.2% from 2014 to 2019. Overall growth in the number of oil reserves, increasing energy requirements, geo-political & macro-economic factors and increased exploration of gas reserves are the key factors fuelling the growth of the coiled tubing market in Europe. Decreasing crude oil prices, strict government & environmental policies, and high market competition may act as restraints for the growth of the Europe coiled tubing market.

Russia is the largest market for coiled tubing services in Europe. Increasing exploration & production activities, redevelopment of mature fields and geo-political & macro-economic factors are the major factors responsible for the growth of the coiled tubing market in Russian.

In the recent years, companies have adopted strategies, such as mergers & acquisitions and technological developments as their key business strategies to maintain their position in the market. In 2013, Schlumberger held the leading position in the European coiled tubing market. Companies, such as Baker Hughes, Weatherford International Ltd., Trican Well Service, Calfrac Well Services and Aker Solutions ASA are the other key players in the European coiled tubing market.

Scope of the Report

This research report categorizes the European coiled tubing market into the following segments and sub-segments:

Europe Coiled Tubing Market, by Application Type

• Offshore
• Onshore

Europe Coiled Tubing Market, by Service Type

• Well Intervention Service
• Drilling Service
• Other Services

Europe Coiled Tubing Market, by Country

• Russia
• U.K.
• Others

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 13)
    2.1 Integrated Ecosystem of Europe Coiled Tubing Market
    2.2 Arriving at the Coiled Tubing Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macroindicator-Based Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 20)

4 Market Overview (Page No. - 22)
    4.1 Introduction
    4.2 Europe Coiled Tubing Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Impact Analysis
    4.5 Key Market Dynamics

5 Europe Coiled Tubing Market, By Application (Page No. - 26)
    5.1 Introduction
    5.2 Demand Side Analysis
    5.3 Europe Coiled Tubing Market in the Onshore Application, By Country
    5.4 Europe Coiled Tubing Market in the Offshore Application, By Country
    5.5 Sneak View: Europe Coiled Tubing Market, By Application

6 Europe Coiled Tubing Market, By Service Type (Page No. - 32)
    6.1 Introduction
    6.2 Europe Coiled Tubing Market, Type Comparison With Parent Market
    6.3 Europe Coiled Tubing Market, By Country
    6.4 Europe Well Intervention Market, By Country
    6.5 Europe Drilling Market, By Country
    6.6 Sneak View: Europe Coiled Tubing Market, By Type

7 Europe Coiled Tubing Market, By Country (Page No. - 39)
    7.1 Introduction
    7.2 Europe Coiled Tubing Market
           7.2.1 Europe Coiled Tubing Market, By Application
           7.2.2 Europe Coiled Tubing Market, By Type
    7.3 Russia Coiled Tubing Market
           7.3.1 Russia Coiled Tubing Market, By Application
           7.3.2 Russia Coiled Tubing Market, By Type
    7.4 U.K. Coiled Tubing Market
           7.4.1 U.K. Coiled Tubing Market, By Application
           7.4.2 U.K. Coiled Tubing Market, By Type

8 Europe Coiled Tubing Market: Competitive Landscape (Page No. - 53)
    8.1 Europe Coiled Tubing Market: Company Share Analysis
    8.2 Company Presence in the Coiled Tubing Market, By Type
    8.3 Competitive Landscape
           8.3.1 Mergers & Acquisitions
           8.3.2 Contracts/Agreements
           8.3.3 New Technology Development
           8.3.4 Joint Ventures
           8.3.5 Expansion
           8.3.6 Others

9 Europe Coiled Tubing Services Market, By Companies (Page No. - 60)
    9.1 Schlumberger Ltd.
           9.1.1 Product Portfolio
           9.1.2 Coiled Tubing Fleet
           9.1.3 Company Financials
           9.1.4 Company Developments
           9.1.5 MMM Analysis
    9.2 Halliburton Company
           9.2.1 Product Portfolio
           9.2.2 Coiled Tubing Fleet
           9.2.3 Company Financials
           9.2.4 Company Developments
           9.2.5 MMM Analysis
    9.3 Baker Hughes Inc.
           9.3.1 Product Portfolio
           9.3.2 Coiled Tubing Fleet
           9.3.3 Company Financials
           9.3.4 Company Developments
           9.3.5 MMM Analysis
    9.4 Weatherford International Ltd.
           9.4.1 Product Portfolio
           9.4.2 Coiled Tubing Fleet
           9.4.3 Company Financials
           9.4.4 Company Developments
           9.4.5 MMM Analysis
    9.5 Calfrac Well Services
           9.5.1 Product Portfolio
           9.5.2 Coiled Tubing Fleet
           9.5.3 Key Financials:
           9.5.4 Recent Developments:
           9.5.5 MMM View
    9.6 Trican Well Service Ltd.
           9.6.1 Product Portfolio
           9.6.2 Coiled Tubing Fleet
           9.6.3 Company Financials
           9.6.4 Company Developments
           9.6.5 MMM View
    9.7 AKER Solutions ASA
           9.7.1 Product Portfolio
           9.7.2 Coiled Tubing Fleet
           9.7.3 Company Developments
           9.7.4 MMM View

10 Appendix (Page No. - 85)
     10.1 Customization Options
             10.1.1 Products and Services Benchmarking Analysis
             10.1.2 Regulatory Framework
             10.1.3 Impact Analysis
             10.1.4 Current Industry Challenges
             10.1.5 Historical Data and Trends
             10.1.6 Coiled Tubing Services in Depth Value Chain Analysis
     10.2 Related Reports
     10.3 Introducing RT:  Real Time Market Intelligence
             10.3.1 RT Snapshots

List of Tables (63 Tables)

Table 1 Global Coiled Tubing Peer Market Size, 2013 (USD MN)
Table 2 Europe Coiled Tubing Application Market, 2013 (USD MN)
Table 3 Coiled Tubing Market: Macroindicators, By Country, 2013
Table 4 Europe Coiled Tubing Market: Comparison With Parent Market, 2019-2019 (USD MN)
Table 5 Europe Coiled Tubing Market: Drivers and Inhibitors
Table 6 Europe Coiled Tubing Market, By Type, 2013-2019 (USD MN)
Table 7 Europe Coiled Tubing Market, By Application, 2013-2019 (USD MN)
Table 8 Europe Coiled Tubing Market in the Onshore Application, By Country, 2013-2019 (USD MN)
Table 9 Europe Coiled Tubing Market in the Offshore Application, By Country, 2013-2019 (USD MN)
Table 10 Europe Coiled Tubing Market, By Type, 2014-2019 (USD MN)
Table 11 Europe Coiled Tubing Services Market: Type Comparison With Parent Market, 2012–2019 (USD MN)
Table 12 Europe Coiled Tubing Market, By Country, 2013-2019 (USD MN)
Table 13 Europe Well Intervention Market, By Country, 2013-2019 (USD MN)
Table 14 Europe Drilling Market, By Country, 2013-2019 (USD MN)
Table 15 Europe: CT Active Fleet Count, By Countries, 2012-2013 (Units)
Table 16 Europe Coiled Tubing Market, By Country, 2013-2019 (USD MN)
Table 17 Europe Coiled Tubing Market, By Application, 2013-2019 (USD MN)
Table 18 Europe Coiled Tubing Market, By Type, 2013-2019 (USD MN)
Table 19 Russia Coiled Tubing Market, By Application, 2013-2019 (USD MN)
Table 20 Russia Coiled Tubing Market, By Type, 2013-2019 (USD MN)
Table 21 U.K. Coiled Tubing Market, By Application, 2013-2019 (USD MN)
Table 22 U.K. Coiled Tubing Market, By Type, 2013-2019 (USD MN)
Table 23 Europe Coiled Tubing Market: Company Share Analysis, 2013 (%)
Table 24 Europe Coiled Tubing Market: Mergers & Acquisitions
Table 25 Europe Coiled Tubing Market: Contracts/Agreements
Table 26 Europe Coiled Tubing Market: New Technology Development
Table 27 Europe Coiled Tubing Market: Joint Ventures
Table 28 Europe Coiled Tubing Market: Expansion
Table 29 Europe Coiled Tubing Market: Others
Table 30 Services of Schlumberger Ltd.
Table 31 Schlumberger: Active CT Fleet Count, By Geography, 2012-2013 (Units)
Table 32 Schlumberger Key Financials (USD MN)
Table 33 Schlumberger Net Sales By Business Segment (USD MN)
Table 34 Schlumberger Net Sales By Geography (USD MN)
Table 35 Services of Halliburton
Table 36 Halliburton: CT Active Fleet Count, By Geography, 2012-2013 (Units)
Table 37 Europe: CT Active Fleet Count, By Countries, 2012-2013 (Units)
Table 38 Key Financials, 2009-2013 (USD MN)
Table 39 Net Sales By Business Segment, 2009-2013 (USD MN)
Table 40 Net Sales By Geography, 2009-2013 (USD MN)
Table 41 Services of Baker Hughes Inc.
Table 42 Baker Hughes: CT Active Fleet Count, By Geography, 2012-2013 (Units)
Table 43 Europe: CT Active Fleet Count, By Countries, 2012-2013 (Units)
Table 44 Key Financials, 2009-2013 (USD MN)
Table 45 Net Sales, By Business Segment, 2009-2013 (USD MN)
Table 46 Net Sales, By Geography, 2009-2013 (USD MN)
Table 47 Services of Weatherford International
Table 48 Weatherford: CT Active Fleet Count, By Geography, 2012-2013 (Units)
Table 49 Europe: CT Active Fleet Count, By Countries, 2012-2013 (Units)
Table 50 Key Financials, 2013-2019 (USD MN)
Table 51 Net Revenue, By Geography, 2009-2013 (USD MN)
Table 52 Net Revenue, By Business Segments 2009-2013 (USD MN)
Table 53 Services of Calfrac Well Services
Table 54 Calfrac: CT Active Fleet Count, By Geography, 2012-2013 (Units)
Table 55 Key Financials, 2009-2013 (USD MN)
Table 56 Services of Trican Well Service
Table 57 Trican: CT Active Fleet Count, By Geography,2012-2013 (Units)
Table 58 Key Financials, 2009-2013 (USD MN)
Table 59 Net Sales By Business Segment (USD MN)
Table 60 Net Sales By Geography, 2009-2013 (USD MN)
Table 61 Services of AKER Solutions Asa
Table 62 AKER Qserv: CT Active Fleet Count, By Geography, 2012-2013 (Units)
Table 63 Market Revenue, By Geography, 2009-2013 (USD MN)

List of Figures (45 Figures)

Figure 1 Europe Coiled Tubing Market: Segmentation & Coverage
Figure 2 Europe Coiled Tubing Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macroindicator-Based Approach
Figure 8 Europe Coiled Tubing Market Snapshot
Figure 9 Europe Coiled Tubing Market: Comparison With Parent Market
Figure 10 Europe Coiled Tubing Service Types, By Country, 2013 (USD MN)
Figure 11 Europe Coiled Tubing Market, By Application, 2014-2019 (USD MN)
Figure 12 Demand Side Analysis
Figure 13 Europe Coiled Tubing Market in the Onshore Application, By Country, 2013-2019 (USD MN)
Figure 14 Europe Coiled Market in the Offshore Application, By Country, 2013-2019 (USD MN)
Figure 15 Sneak View: Europe Coiled Tubing Market
Figure 16 Europe Coiled Tubing Market, By Type, 2014-2019 (USD MN)
Figure 17 Europe Coiled Tubing Market: Type Comparison With Parent Market, 2013–2019 (USD MN)
Figure 18 Europe Coiled Tubing Market, By Country, 2013–2019 (USD MN)
Figure 19 Europe Well Intervention Market, 2013-2019 (USD MN)
Figure 20 Europe Drilling Market, By Country, 2013-2019 (USD MN)
Figure 21 Sneak View
Figure 22 Europe Coiled Tubing Market: Growth Analysis, By Country, 2014-2019 (USD MN)
Figure 23 Europe Coiled Tubing Market Overview, 2014 & 2019 (%)
Figure 24 Europe Coiled Tubing Market, By Application, 2013-2019 (USD MN)
Figure 25 Europe Coiled Tubing Market: Application Snapshot
Figure 26 Europe Coiled Tubing Market, By Type, 2013-2019 (USD MN)
Figure 27 Europe Coiled Tubing Market: Type Snapshot
Figure 28 Russia Coiled Tubing Market Overview, 2014 & 2019 (%)
Figure 29 Russia Coiled Tubing Market, By Application, 2013-2019 (USD MN)
Figure 30 Russia Coiled Tubing Market: Application Snapshot
Figure 31 Russia Coiled Tubing Market, By Type, 2013-2019 (USD MN)
Figure 32 Russia Coiled Tubing Market: Type Snapshot
Figure 33 U.K. Coiled Tubing Market Overview, 2014 & 2019 (%)
Figure 34 U.K. Coiled Tubing Market, By Application, 2013-2019 (USD MN)
Figure 35 U.K. Coiled Tubing Market: Application Snapshot
Figure 36 U.K. Coiled Tubing Market, By Type, 2013-2019 (USD MN)
Figure 37 U.K. Coiled Tubing Market: Type Snapshot
Figure 38 Europe Coiled Tubing Market: Company Share Analysis, 2013 (%)
Figure 39 Coiled Tubing Market: Company Product Coverage, By Type, 2013
Figure 40 Schlumberger Ltd: Revenue Mix, 2013 (%)
Figure 41 Halliburton Company: Revenue Mix, 2013 (%)
Figure 42 Baker Hughes Incorporated: Revenue Mix, 2013 (%)
Figure 43 Weatherford International Ltd.: Revenue Mix, 2013 (%)
Figure 44 Trican Well Service Ltd.: Revenue Mix, 2013 (%)
Figure 45 AKER Solutions: Revenue Mix, 2013 (%)

The coiled tubing market in Europe has witnessed rapid growth in the recent years. The European coiled tubing market has been broadly classified by application, type of service, and country. This market is expected reach a market value of $749.6 million by 2019, at a CAGR of 7.2% from 2014 to 2019. The major factors fuelling the growth of the market are geo-political & economic factors, increasing energy requirements, and exploration of gas reserves.

On the basis of application, the European coiled tubing market has been segmented into onshore and offshore. The European offshore coiled tubing segment was valued at $279.3 million in 2014, and is expected to reach at $399.1 million by 2019, at a CAGR of 7.4% from 2014 to 2019. The European onshore coiled tubing segment was valued at $249.2 million in 2014, and contributed a share of 47.0% to the market.

On the basis of country, the European coiled tubing market has been segmented into major countries in the region, such as Russia, U.K., and others. Russia contributed the largest share of 65.0% to the market in 2013, and the coiled tubing market in the country is expected to grow at a CAGR of 6.9% from 2014 to 2019. The U.K. is expected to grow at a CAGR of 9.4% over the forecast period.

The major strategies adopted by the companies operational in the European coiled tubing market are agreements, joint ventures, and partnerships. The companies adopt these strategies to expand their presence across various downstream, midstream, and upstream markets. Merger & acquisition is expected to be a dominating strategy in the market, due to the current decline in the crude oil prices.

The market has also been segmented based on service provided in the well intervention service market, drilling service market and other services market. Russia contributed the largest share to the European coiled tubing market in 2013. The well intervention segment was the largest segment of the coiled tubing market, with a share of about 76.0% in the market. This segment was valued at $403.6 million in 2014, and is projected to reach $563.3 million by 2019, at a CAGR of 6.9% from 2014 to 2019. Amplified shale reserve activities, offshore drilling, and frequent intervention services are required as increasing number of matured wells increase the scope for the growth of the well intervention segment.

The European coiled tubing market is dominated by market players, namely Schlumberger and Halliburton. The other players, such as Baker Hughes, Weatherford International Ltd., Trican Well Service, Calfrac Well Services, and Aker Solutions have a significant presence in the European coiled tubing market.