According to Cognitive Market Research, the global Spoolable Pipes market size is USD 658.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 263.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 197.46 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 151.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 32.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 13.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Direct sales are expected to hold the largest share of the spoolable pipe market.
