NAICS Code 324199-02 - Coil Tubing (Manufacturers)

Marketing Level - NAICS 8-Digit

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NAICS CODE 324199-02
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NAICS Code 324199-02 Description (8-Digit)

Coil tubing manufacturers are companies that produce long, continuous lengths of tubing wound in a coil. This tubing is used in the oil and gas industry for a variety of purposes, including well intervention, drilling, and completion operations. Coil tubing is made from a variety of materials, including steel, copper, and plastic, and comes in a range of sizes and thicknesses. The manufacturing process involves forming the tubing into a coil, cutting it to length, and then packaging it for shipment to customers.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 324199 page

Tools

Tools commonly used in the Coil Tubing (Manufacturers) industry for day-to-day tasks and operations.

  • Coiling machines
  • Cutting machines
  • Welding machines
  • Testing equipment (e.g. pressure testing)
  • Inspection equipment (e.g. ultrasonic testing)
  • Cleaning equipment (e.g. acid cleaning)
  • Heat treatment equipment
  • Packaging equipment
  • Forklifts and other material handling equipment
  • Safety equipment (e.g. gloves, goggles, helmets)

Industry Examples of Coil Tubing (Manufacturers)

Common products and services typical of NAICS Code 324199-02, illustrating the main business activities and contributions to the market.

  • Well intervention
  • Drilling
  • Completion operations
  • Hydraulic fracturing
  • Cementing
  • Acidizing
  • Nitrogen purging
  • Sand control
  • Fishing operations
  • Plug and abandonment

History

A concise historical narrative of NAICS Code 324199-02 covering global milestones and recent developments within the United States.

  • The coil tubing industry has a relatively short history, with the first use of coiled tubing in the oil and gas industry dating back to the 1960s. The technology was initially used for well cleanouts, but it quickly evolved to include other applications such as drilling, completion, and intervention. Notable advancements in the industry include the development of coiled tubing units (CTUs) that can be transported by truck, the use of nitrogen to increase the pressure in the tubing, and the introduction of real-time monitoring systems. In recent years, the industry has faced challenges due to the decline in oil prices, but it has also seen growth due to the increasing demand for unconventional oil and gas resources. In the United States, the coil tubing industry has experienced significant growth in the past decade due to the shale revolution. The use of hydraulic fracturing has led to an increase in demand for coiled tubing services, particularly for well intervention and stimulation. The industry has also seen advancements in technology, such as the use of fiber optic cables for real-time monitoring and the development of longer and stronger tubing. However, the industry has faced challenges due to the oversupply of equipment and the decline in oil prices in recent years.