세계의 코일드 튜빙 서비스 시장 : 서비스 유형별, 용도별, 최종 사용자별, 지역별 예측 및 분석(-2032년)

According to Stratistics MRC, the Global Coiled Tubing Services Market is accounted for $8.1 billion in 2025 and is expected to reach $12.7 billion by 2032 growing at a CAGR of 6.7% during the forecast period. Using continuous, flexible steel or composite tubing that is inserted into wells for a variety of oil and gas activities without removing the current completion is known as "coiled tubing services." Well intervention, cleanouts, stimulation, and drilling support are some of these services. In both onshore and offshore sectors, they are crucial for sustaining and optimizing hydrocarbon production because they increase productivity, decrease downtime, and lower operating expenses.

Market Dynamics:

Driver:

Rising demand for well intervention services

The coiled tubing services market is driven by increasing demand for well intervention services, primarily due to aging oil and gas reservoirs requiring maintenance, repair, and stimulation to enhance production efficiency. Coiled tubing technology offers cost-effective, time-efficient solutions for operations such as cleanouts, acidizing, and logging. Additionally, the shift toward maximizing recovery from mature wells, coupled with advancements in coiled tubing tools, further propels adoption.

Restraint:

Volatility in crude oil prices

During periods of low oil prices, operators often defer or reduce investments in well intervention and maintenance activities to cut costs. This cyclicality creates uncertainty in demand for coiled tubing services, particularly in price-sensitive markets. Moreover, prolonged price instability discourages long-term project planning, impacting the deployment of advanced coiled tubing technologies and limiting revenue streams for service providers.

Opportunity:

Growing unconventional oil & gas exploration

Coiled tubing services are critical in hydraulic fracturing, wellbore cleanouts, and horizontal drilling operations, which are integral to unconventional resource extraction. Regions like North America and Asia Pacific are investing heavily in these resources to offset declining conventional reserves. Furthermore, technological innovations, such as high-strength coiled tubing strings, enhance operational efficiency in challenging environments, positioning the market to capitalize on this expanding sector.

Threat:

Shift towards renewable energy sources

Governments and corporations are increasingly diverting investments from fossil fuels to wind, solar, and hydrogen energy. This shift could reduce demand for oil and gas services, including coiled tubing, particularly in regions with aggressive emission reduction targets. Additionally, stricter environmental regulations may impose operational constraints on traditional E&P activities, further challenging market growth.

Covid-19 Impact:

The Covid-19 pandemic severely disrupted the coiled tubing services market as lockdowns and reduced energy demand led to plummeting oil prices and deferred E&P projects. Operators slashed budgets, delaying non-essential well interventions and offshore activities. Supply chain bottlenecks and workforce shortages compounded operational challenges. While demand rebounded partially post-covid with easing restrictions and stabilizing oil prices, recovery remains uneven, influenced by geopolitical tensions and inflationary pressures.

The well intervention segment is expected to be the largest during the forecast period

The well intervention segment is expected to account for the largest market share during the forecast period due to the critical role of coiled tubing in maintaining and optimizing aging wells. Services such as sand cleanouts, scale removal, and zonal isolation are essential for sustaining production in mature fields, particularly in North America and the Middle East. Additionally, the cost-effectiveness and operational flexibility of coiled tubing compared to conventional rig-based methods drive its preference. With operators prioritizing enhanced oil recovery (EOR) techniques, demand for advanced well intervention solutions is expected to remain robust.

The offshore segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the offshore segment is predicted to witness the highest growth rate driven by increasing deepwater and ultra-deepwater exploration activities. Technological advancements in subsea coiled tubing systems, coupled with rising investments in offshore fields in regions like the Gulf of Mexico and Brazil, underpin this trend. Moreover, the development of high-pressure, high-temperature (HPHT) reservoirs necessitates specialized coiled tubing services for well completion and stimulation. As offshore projects recover post-pandemic and energy companies target untapped reserves, this segment is poised for accelerated growth.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share driven by its extensive shale gas and tight oil reserves, particularly in the U.S. Permian Basin and Canada's Alberta region. The region's mature well infrastructure demands frequent interventions to sustain production, with coiled tubing services being pivotal for cost-effective well cleanouts, fracturing, and recompletions. Additionally, technological advancements, such as automated coiled tubing systems and data-driven well management, enhance operational efficiency. Supportive regulatory policies and investments in unconventional resources further consolidate North America's dominance.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR fueled by rising energy demand in emerging economies like China and India. Offshore exploration in the South China Sea, Australia's Northwest Shelf, and Indonesia's deepwater basins is accelerating, necessitating advanced coiled tubing solutions for complex well operations. Governments are prioritizing domestic hydrocarbon production to reduce import reliance, with initiatives like India's Hydrocarbon Vision 2030 and China's shale gas development plans. Moreover, growing investments in coalbed methane (CBM) projects and aging offshore fields in Southeast Asia present untapped opportunities. Strategic collaborations between regional players and global firms to deploy cutting-edge technologies will further amplify growth.

Key players in the market

Some of the key players in Coiled Tubing Services Market include Schlumberger Limited, Halliburton Company, Baker Hughes Company, Weatherford International plc, NOV Inc. (National Oilwell Varco), Archer Limited, Trican Well Service Ltd., Superior Energy Services, Inc., RPC, Inc., Calfrac Well Services Ltd., Key Energy Services, Inc., CUDD Energy Services, Canyon Services Group Inc., Cudd Pressure Control, Inc., Liberty Oilfield Services, NexTier Oilfield Solutions, Basic Energy Services, Inc. and ProPetro Holding Corp.

Key Developments:

In February 2025, SLB announced that, in connection with SLB's planned acquisition of ChampionX, all applicable waiting periods under the U.S. Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 have expired, and SLB is legally permitted to close the ChampionX transaction in the United States.

In February 2025, SLB has announced an agreement between its OneSubsea(TM) joint venture and Var Energi to deliver a sizeable subsea production systems (SPS) work scope. This award leverages the existing strategic subsea partnership agreement between the two companies for standardized subsea equipment, supporting multiple upcoming oil and gas developments on the Norwegian Continental Shelf (NCS).

In December 2024, ProPetro Holding Corp. ("ProPetro" or the "Company") announced a new subsidiary, ProPetro Energy Solutions, LLC, that will do business as ProPWRSM (pronounced as "Pro - power") and its initial order of over 110 megawatts of mobile natural gas-fueled power generation equipment for use across multiple oilfield and industrial applications.

Service Types Covered:

• Well Intervention
• Drilling
• Completion

Operations Covered:

• Light Duty
• Medium Duty
• Heavy Duty

Applications Covered:

• Onshore
• Offshore

End Users Covered:

• Oil & Gas Companies
• Geothermal Energy Companies
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Coiled Tubing Services Market, By Service Type

• 5.1 Introduction
• 5.2 Well Intervention
  • 5.2.1 Cleanouts
  • 5.2.2 Milling
  • 5.2.3 Logging
  • 5.2.4 Perforating
  • 5.2.5 Cementing
  • 5.2.6 Stimulation
• 5.3 Drilling
  • 5.3.1 Coiled Tubing Drilling (CTD)
  • 5.3.2 Underbalanced Drilling
• 5.4 Completion
  • 5.4.1 Gravel Packing
  • 5.4.2 Acidizing
  • 5.4.3 Nitrogen Lifting

6 Global Coiled Tubing Services Market, By Operation

• 6.1 Introduction
• 6.2 Light Duty
• 6.3 Medium Duty
• 6.4 Heavy Duty

7 Global Coiled Tubing Services Market, By Application

• 7.1 Introduction
• 7.2 Onshore
• 7.3 Offshore

8 Global Coiled Tubing Services Market, By End User

• 8.1 Introduction
• 8.2 Oil & Gas Companies
• 8.3 Geothermal Energy Companies
• 8.4 Other End Users

9 Global Coiled Tubing Services Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Schlumberger Limited
• 11.2 Halliburton Company
• 11.3 Baker Hughes Company
• 11.4 Weatherford International plc
• 11.5 NOV Inc. (National Oilwell Varco)
• 11.6 Archer Limited
• 11.7 Trican Well Service Ltd.
• 11.8 Superior Energy Services, Inc.
• 11.9 RPC, Inc.
• 11.10 Calfrac Well Services Ltd.
• 11.11 Key Energy Services, Inc.
• 11.12 CUDD Energy Services
• 11.13 Canyon Services Group Inc.
• 11.14 Cudd Pressure Control, Inc.
• 11.15 Liberty Oilfield Services
• 11.16 NexTier Oilfield Solutions
• 11.17 Basic Energy Services, Inc.
• 11.18 ProPetro Holding Corp.