Market Size of Mexico Wireline Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Mexico Wireline Services Market Analysis
The Mexican wireline services market is expected to register a CAGR of 3% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.
- Over the long term, major factors, such as increasing demand for natural gas and increasing investments in the upstream sector across the country, are expected to drive the number of exploration and production activities, thereby culminating in the growth of the wireline services market during the forecast period.
- On the other hand, the volatility of oil prices remains a growing concern for the upstream sector. Hence, this is expected to restrain the market during the forecast period.
- The shift of the projects from onshore to offshore, shallow waters to deep waters, and ultra-deep waters is a major opportunity for the wireline service providers to innovate and come up with products suitable and customized to the harsh climatic conditions of offshore basins.
