Le Lézard
Classified in: Oil industry, Covid-19 virus
Subject: MRR

Christmas trees market size to grow by USD 777.73 million between 2022 and 2027; Increase in crude oil exploration identified as key trend - Technavio

NEW YORK, March 21, 2023 /PRNewswire/ -- The global Christmas trees market size is estimated to grow by USD 777.73 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 4.52% during the forecast period. The increase in crude oil exploration is identified as the key trend in the market. Christmas tree valves are widely used in the oil and gas industry. They provide numerous advantages such as controlling gas injection in non-producing or producing wells and preventing blockages. Many companies in the oil and gas industry are expanding their operations by investing in new projects. Thus, the increasing number of exploration activities and high investments in the crude oil sector worldwide will drive the growth of the market. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

What's New?

Global Christmas Trees Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on type (horizontal tree and vertical tree), location (onshore and offshore), and geography (North America, Europe, APAC, Middle East and Africa, and South America). 

Geography Overview
By geography, the global Christmas trees market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global Christmas trees market.

Insights on the market contribution of various segments including country and region wise, historic period (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Global Christmas Trees Market ? Vendor Analysis

The global Christmas tree market is concentrated due to the presence of a few established players. The vendors are competing on various factors including price, quality, technology, brand, and variety. During the forecast period, several vendors are expected to expand their presence in traditionally low-penetrated markets such as developing countries. Some of the key players covered in the report include:

Global Christmas Trees Market ? Market Dynamics

Key factors driving growth

Major challenges hindering growth

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Christmas trees market report?

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Christmas Trees Market Scope

Report Coverage


Base year


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 4.52%

Market growth 2023-2027

USD 777.73 million

Market structure


YoY growth 2022-2023 (%)


Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 45%

Key countries

US, Canada, Saudi Arabia, China, and Germany, Canada, Mexico, Italy, Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aker Solutions ASA, Baker Hughes Co., Delta Corp., Dril Quip Inc., Halliburton Co., Kingsa Industries (USA) Inc., NOV Inc., Schlumberger Ltd., Solar Alert Sdn Bhd, Stream Flo Industries Ltd., TechnipFMC plc, The Weir Group Plc, and Worldwide Oilfield Machine Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse through Technavio's Consumer Discretionary Market Reports

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Location

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio

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