| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 6.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Coiled Tubing Services Market Analysis
The Coiled Tubing Services Market is expected to register a CAGR of greater than 6% during the forecast period.
The well-intervention application segment is expected to dominate the coiled tubing services market during the forecast period.
Increasing exploration and production activities from new oil and gas field discoveries are expected to create immense opportunities for the market studied.
North America dominates the coiled tubing services market, with the majority of demand coming from countries like the United States, Canada, and the Gulf of Mexico.
Coiled Tubing Services Market Trends
Well Intervention Application Segment to Dominate the Market
Coiled tubing services are most preferred in well intervention applications since they enable operations such as stimulation, re-perforation, fluid pumping, fishing, sand control, and zonal isolation.
The increasing capital expenditure on well performance enhancement and well cleaning is expected to drive the well intervention segment.
For depleting reservoirs, wells require completion or mechanical operations, such as fishing, perforation of producing wells, scale removal, setting a plug or packer, and increased production. Demand for these services is expected to drive the well intervention segment for coiled tubing over the forecast period.
The demand for well intervention operations in maturing offshore fields in the Gulf of Mexico and other onshore fields in the United States is driving the coiled tubing services market.
Moreover, the continuous shale gas exploration activities in North America and some Asia-Pacific countries, which have the presence of major upstream operators, are expected to present long-term contract opportunities for the coiled tubing services market.
As of 2019, the global coiled tubing unit count accounted for 1678 units. North America accounted for 665 coiled tubing units, comprising the United States with 432 units and Canada with 233 units.
In July 2020, Ukrgasvydobuvannya JSC announced a tender for the procurement services of well completion and the workover of oil and gas wells in their fields with the help of coiled tubing and nitrogen-compressor equipment with an initial cost of UAH 97.4 million.
Therefore, the coiled tubing services market is majorly driven by the rising well intervention operations, which are expected to account for the dominant share among the various applications.
Understand The Key Trends Shaping This Market
Download PDF
North America to Dominate the Market
North America has a large number of rigs, and the number of wells a rig can drill each year is growing at a significant rate. Thus, the coiled tubing services in the North American region have dominated the global market and are accounting for the major market share.
The increasing production and exploration activities, coupled with growth in unconventional resources in major countries, like the United States and Canada, are expected to be important factors in the industry during the forecast period.
The United States is considered a ground for new technology, with a large build-up of coiled tubing units and related companies keeping the rates competitive, making coiled tubing workovers more viable.
The matured oil and gas fields of Permian Basin and Bakken Ford require intervention operations to increase the productivity of their wells. Therefore, the coiled tubing services market in the United States is primarily growing through drilling activities and redevelopment of matured fields.
Therefore, North America is estimated to be the largest market and is expected to be driven by new well drilling, expanding production of well bases, and increasing lateral length in newly drilled horizontal wells.
Get Analysis on Important Geographic Markets
Download PDF
Coiled Tubing Services Industry Overview
The coiled tubing services market is moderately fragmented. The key players in the market include Baker Hughes Company, Halliburton Company, Schlumberger Limited, Weatherford International PLC, and Calfrac Well Services Ltd, among others.
Coiled Tubing Services Market Leaders
-
Schlumberger Limited
-
Baker Hughes Company
-
Halliburton Company
-
Weatherford International PLC
-
Calfrac Well Services Ltd.
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
Coiled Tubing Services Market News
- In July 2021, The Abu Dhabi National Oil Company (ADNOC) announced an investment of USD 763.7 million (AED 2.8 billion) in integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields. The scope of the contracts includes coiled tubing services with thru-tubing downhole tools, stimulation services, including equipment and chemicals/fluid systems, surface well-testing services, wireline and production logging services and tools, saturation monitoring, and well integrity.
Coiled Tubing Services Industry Segmentation
The coiled tubing services market report includes:
| Application | Drilling |
| Completion | |
| Well Intervention | |
| Location of Deployment | Onshore |
| Offshore | |
| Geography | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Need A Different Region or Segment?
Customize Now
Coiled Tubing Services Market Research FAQs
What is the current Coiled Tubing Services Market size?
The Coiled Tubing Services Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)
Who are the key players in Coiled Tubing Services Market?
Schlumberger Limited, Baker Hughes Company, Halliburton Company, Weatherford International PLC and Calfrac Well Services Ltd. are the major companies operating in the Coiled Tubing Services Market.
Which is the fastest growing region in Coiled Tubing Services Market?
North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Coiled Tubing Services Market?
In 2025, the North America accounts for the largest market share in Coiled Tubing Services Market.
What years does this Coiled Tubing Services Market cover?
The report covers the Coiled Tubing Services Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Coiled Tubing Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Coiled Tubing Services Industry Report
Statistics for the 2025 Coiled Tubing Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Coiled Tubing Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
