5.6.12.2Vertical

Coiled Tubing & Wireline Equipment

Producers of coiled tubing units, wireline trucks, and intervention equipment.

Market snapshot

These figures describe Oil & Gas Field Equipment (5.6.12), the segment that Coiled Tubing & Wireline Equipment sits within — not Coiled Tubing & Wireline Equipment on its own.

Market size
~$12B
Growth
~-1.4%CAGR (2017–22, nominal)
Companies
~630
FragmentationConsolidatingEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 333132 (oil & gas field machinery & equipment); reflects the energy-capex downcycle.

Business model & economics

Revenue model

Oilfield-equipment sales plus aftermarket and services

Key economics

Recurring revenue
Moderate

recurring service and replacement

EBITDA margin
Highly cyclical with drilling activity
Capex intensity
High

Characteristics

  • Consolidated around SLB, Halliburton, Baker Hughes, NOV.
  • Highly cyclical with oil/gas prices and drilling.
  • Navigating the long-term energy transition.

Geographic concentration

AlabamaAlaskaArizonaColoradoFloridaGeorgiaIndianaKansasMaineMassachusettsMinnesotaNew JerseyNorth CarolinaNorth DakotaPennsylvaniaSouth DakotaWyomingConnecticutMissouriWest VirginiaIllinoisNew MexicoArkansasCaliforniaDelawareDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireNew YorkOhioOregonTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoNevadaVermontRhode IslandOklahomaTexasLouisiana

Oilfield equipment manufacturing concentrates in the producing states — Oklahoma, Louisiana, and Texas — co-located with the basins and Gulf operations it serves.

OklahomaLouisianaTexas

U.S. Census Bureau — 2022 County Business Patterns (establishments by state), NAICS 333132. Concentration shown by location quotient.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Oilfield-equipment majors
  • Energy-transition diversifiers
  • PE-backed energy-services platforms

What’s driving deals

  • Energy-capex and drilling cycles.
  • Diversification into energy transition.
  • Consolidation and cost discipline.

Find Coiled Tubing & Wireline Equipment acquisition targets

Search Acquisera’s index for companies classified under Coiled Tubing & Wireline Equipment (5.6.12.2) and build a targeted deal pipeline.

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