Coiled Tubing Market

Coiled Tubing Market by Fleet (Operator, Region), Service (Well Intervention Service (Well Completions & Mechanical Operations, Well Cleaning & Pumping Operations) Drilling Service, Others), Application (Onshore, Offshore), Region - Global Forecast to 2025

Report Code: EP 3441 Jul, 2020, by marketsandmarkets.com
COVID-19

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[264 Pages Report] The global coiled tubing market size is projected to reach USD 4.0 billion by 2025, from an estimated USD 3.0 billion in 2020, growing at a post COVID-19 CAGR of 5.8% during the forecast period. Increasing efforts by upstream companies to enhance the production from the mature fields is driving the coiled tubing industry.

Coiled Tubing Market

COVID-19 Impact on the Global Coiled Tubing  Market

The COVID-19 pandemic has slowed the growth of the oil & gas industry. The oil & gas producing companies are taking measures to counteract oversupply issues by delaying LNG project constructions. Furthermore, with global trade and transportation virtually at a halt due to which the supply chain are facing challenges. Well construction and planned maintenance are witnessing suspended or delayed  due to the pandemic. Hence, COVID-19 has hindered the growth of the coiled tubing market.

Coiled tubing Market Dynamics

Driver: Growing demand for well intervention operations is driving the coiled tubing market

High spending in global upstream and operational activities  have begun to rise from the NOCs and the integrated oil companies. Furthermore, with the increasing demand for oil & gas ,the oil & gas upstream sector is improving their operational activities and increasing the production. All these factors are driving the demand for coiled tubing market.

Restraint: Risks associated with coiled tubing operations and regulations associated with operational safety are restraining the market growth

Coiled tubing is actually a subtle piece of equipment, and the tubing is relatively thin-walled. Since the tubing is constantly bent and straightened, often at high internal pressure, which can cause a small flaw, whether caused by corrosion or mechanically, Due to which  there are high chances for operational damage. Surveys show that 80–90% of coiled tubing string failures within the past two decades were associated with corrosion, mechanical damage, human error, and string manufacturing problems.

Opportunities: Increasing exploration & production activities from new discoveries offer lucrative opportunities for the coiled tubing market

Advancements in the exploration technology, along with the declining oil reserves in shallow water and the commercial viability of the exploration projects, are the major driving factors for exploration & production operators to explore new oilfields, especially in the offshore regions. Hence  creating new opportunities for  coiled tubing.

Challenge: Challenging coiled tubing operations in offshore well interventions & drilling pose challenges for the coiled tubing market

High pressure losses while pumping fluids, coiled tubing corrosion, coiled tubing rotation inability, and logistical challenges with both road  transport and offshore crane lifting are some of challenges faced by coiled tubing service providers during the offshore well intervention and drilling activities.

Coiled Tubing Market Interconnection

By service, the well intervention service segment is expected to make the largest contribution to the coiled tubing market during the forecast period.

Well intervention services include operations that are performed using coiled tubing units. The well intervention segment has been sub-segmented, by type, into well completions & mechanical operations and well cleaning & pumping operations. Well intervention services are done either through wireline or coiled tubing. Coiled tubing well intervention is the most popular as coiled tubing unit facilitates operations such as stimulation, re-perforation, fluid pumping, fishing, milling, sand control, and zonal isolation. The coiled tubing market is driven by rising well intervention operations demand.

By application, the onshore segment is expected to grow at the fastest rate during the forecast period.

The onshore segment is expected to grow at the fastest rate during the forecast period. The development of domestic shale gas and tight oil reserves drive the major surge in crude oil and natural gas production in the region. This has resulted in the improved efficiency of the operations for increasing production from oil & gas wells. The cost of onshore oil & gas wells depends on land acquisition, capitalized drilling, completion, facilities, processing, and transportation. The onshore fields have been producing for more than 150 years now, and most of them are depleting at faster rates

These oilfields are experiencing a decline in production, and the asset operators are investing in various recovery methods and intervention operations to expand and optimize the output from the wells. Under well intervention, coiled tubing services are used to achieve the most optimum production levels. Thus, a higher rate of onshore field depletion creates demand for the coiled tubing market for onshore applications.

North America is expected to be the largest market during the forecast period.

North America, Europe, South & Central America, Asia Pacific, Middle East, and Africa are the major regions considered for the study of the coiled tubing market. North America is estimated to be the largest market from 2020 to 2025, driven by the growth in unconventional resources in the US and Canada. Additionally, the demand for coiled tubing operations in the maturing offshore fields in the Gulf of Mexico and other onshore fields in the US is expected to drive market growth.

Coiled Tubing Market by Region

Key Market Players

The major players in the global coiled tubing market are Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Weatherford (Switzerland), NexTier Oilfield Solution (US), Superior Energy Services (US), Trican (Canada), Altus Intervention (Norway), National Energy Services Reunited (US), and RPC Inc. (US).

Scope of the Report

Report Metric

Details

Market Size available for years

2016–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Service, application, fleet, and region

Geographies covered

Asia Pacific, North America, Europe, the Middle East, Africa, and South & Central America

Companies covered

Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Weatherford (Switzerland), NexTier Oilfield Solutions (US), Superior Energy Services (US), Trican (Canada), Altus Intervention (Norway), National Energy Services Reunited (US), RPC Inc. (US), Basic Energy Services (US), Oceaneering International (US), STEP Energy Services (Canada), Calfrac Well Services (Canada), Key Energy Services (US), Nine Energy Services (US), Pioneer Energy Services (US), Legend Energy Services (US), and Oilserv (UAE)

This research report categorizes the coiled tubing market based on service, application, fleet, and region.

Based on service:

  • Well intervention
    • Well Cleaning & Pumping Operations
    • Well Completions & Mechanical Operations
  • Drilling Service
  • Others (Fishing, fracturing, wireline logging, and inspection)

Based on the application:

  • Onshore
  • Offshore

Based on the fleet:

  • Region
    • North America
    • Europe
    • Asia Pacific
    • South &Central America
    • Middle East
    • Africa
  • Operator
    • NexTier Oilfield Solutions
    • STEP Energy Services
    • Key Energy Services
    • Pioneer Energy Services
    • Basic Energy Services
    • Calfrac Well Services

Based on the region:

  • North America
  • Asia Pacific
  • South & Central America
  • Europe
  • Middle East
  • Africa

Recent Developments

  • In June  2020, Weatherford launched the Velox wellhead system, solution for operators needing to lock in pressure integrity while enhancing safety and improving efficiency.
  • In January 2020, Halliburton was awarded 7 contracts for drilling and completion services for the next phase of field development of the INPEX-operated Ichthys Project in the Browse Basin offshore northern Australia. 
  • In September 2019, Baker Hughes Company announced the successful deployment of its SureCONNECT downhole intelligent wet-mate system, in BP’s subsea wells. SureCONNECT enables real-time production monitoring and control of the completion system across the entire wellbore in multi-trip completions. This system allows operators to make data-driven decisions to optimize reservoir performance and proactively mitigate risks.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 36)
    1.1 OBJECTIVES OF THE STUDY
    1.2 DEFINITION
           1.2.1 COILED TUBING MARKET, BY SERVICE: INCLUSIONS VS. EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 LIMITATION
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
        FIGURE 1 COILED TUBING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
                            TABLE 1 COILED TUBING MARKET: PLAYERS/COMPANIES CONNECTED
    2.2 SCOPE
    2.3 KEY INFLUENCING FACTORS/DRIVERS
           2.3.1 WELL COUNT
                 FIGURE 2 NEWLY DRILLED WELLS, 2018
           2.3.2 COILED TUBING UNIT COUNT
                 FIGURE 3 CRUDE OIL PRICE AND OPERATIONAL WELL COUNT VS. COILED TUBING UNIT COUNT (2014–2018)
           2.3.3 PRODUCTION TRENDS
                 FIGURE 4 OPERATIONAL WELL COUNT VS. CRUDE OIL PRODUCTION (2013–2019)
           2.3.4 CRUDE OIL PRICES
                 FIGURE 5 CRUDE OIL PRICE TREND
           2.3.5 IMPACT OF COVID-19
    2.4 MARKET SIZE ESTIMATION
           2.4.1 IDEAL DEMAND-SIDE ANALYSIS
                 TABLE 2 COILED TUBING MARKET: IDEAL DEMAND-SIDE APPROACH
                    2.4.1.1 Assumptions
                    2.4.1.2 Calculation
                            FIGURE 6 COILED TUBING MARKET: IDEAL DEMAND-SIDE CALCULATION
           2.4.2 SUPPLY-SIDE ANALYSIS
                    2.4.2.1 Assumptions
                    2.4.2.2 Calculation
                            FIGURE 7 RESEARCH METHODOLOGY: ILLUSTRATION OF COILED TUBING COMPANY REVENUE ESTIMATION (2019)
                            FIGURE 8 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
           2.4.3 FORECAST
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 9 DATA TRIANGULATION METHODOLOGY
    2.6 PRIMARY INSIGHTS
        FIGURE 10 KEY SERVICE PROVIDERS’ POINT OF VIEW

3 EXECUTIVE SUMMARY (Page No. - 53)
    3.1 PRE- AND POST-COVID-19 SCENARIO ANALYSIS
        FIGURE 11 PRE- AND POST-COVID-19 SCENARIO ANALYSIS
        TABLE 3 COILED TUBING MARKET SNAPSHOT
        FIGURE 12 NORTH AMERICA DOMINATED THE COILED TUBING MARKET IN 2019
        FIGURE 13 NORTH AMERICA DOMINATED THE COILED TUBING MARKET, BY FLEET, 2016–2019
        FIGURE 14 WELL INTERVENTION SEGMENT IS EXPECTED TO LEAD THE COILED TUBING MARKET, BY SERVICE, 2020–2025
        FIGURE 15 ONSHORE SEGMENT IS EXPECTED TO DOMINATE THE COILED TUBING MARKET, BY APPLICATION, DURING THE FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE COILED TUBING MARKET
        FIGURE 16 MATURING OILFIELDS TO DRIVE THE DEMAND FOR WELL INTERVENTION ACTIVITIES AND BOOST THE COILED TUBING MARKET GROWTH, 2020–2025
    4.2 COILED TUBING MARKET, BY SERVICE
        FIGURE 17 WELL INTERVENTION SEGMENT IS EXPECTED TO DOMINATE THE COILED TUBING MARKET, BY SERVICE, 2020—2025
    4.3 COILED TUBING MARKET, BY APPLICATION
        FIGURE 18 ONSHORE SEGMENT DOMINATED THE COILED TUBING MARKET, BY APPLICATION IN 2019
    4.4 COILED TUBING MARKET, BY REGION
        FIGURE 19 COILED TUBING MARKET IN THE MIDDLE EAST IS EXPECTED TO REGISTER HIGHEST CAGR FROM 2020 TO 2025
    4.5 NORTH AMERICAN COILED TUBING MARKET, BY APPLICATION & COUNTRY
        FIGURE 20 ONSHORE SEGMENT AND THE US DOMINATED THE NORTH AMERICAN COILED TUBING MARKET IN 2019

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 21 COVID-19 GLOBAL PROPAGATION
        FIGURE 22 COVID-19 PROPAGATION IN SELECT COUNTRIES
    5.3 ROAD TO RECOVERY
        FIGURE 23 RECOVERY ROAD FOR 2020
    5.4 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 24 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
        FIGURE 25 COILED TUBING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Growing demand for well intervention operations is driving the coiled tubing market
                            FIGURE 26 WELL INTERVENTION SERVICES VS. COILED TUBING/WIRELINE DEPLOYMENT FOR PERFORMING THE OPERATIONS
                            FIGURE 27 GLOBAL OIL & GAS UPSTREAM CAPITAL SPENDING (2014–2019)
                    5.5.1.2 Redevelopment of mature oilfields demands coiled tubing units for production enhancement
                            FIGURE 28 PEAK LOSS OF OIL FROM MATURE CONVENTIONAL OILFIELDS (2010–2017)
                    5.5.1.3 Advancements in shale oil extraction require more coiled tubing operations
                            TABLE 4 TOP COUNTRIES WITH SIGNIFICANT TECHNICALLY RECOVERABLE SHALE RESOURCES
                    5.5.1.4 Rising primary energy consumption from Asia Pacific will boost the coiled tubing market in the region
                            FIGURE 29 WORLD OIL DEMAND GROWTH (2018–2024)
           5.5.2 RESTRAINTS
                    5.5.2.1 Risks associated with coiled tubing operations and regulations associated with operational safety are restraining the market growth
                    5.5.2.2 Wireline operations, which are a cheaper substitute of coiled tubing operations, hinder the growth of the coiled tubing market
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Increasing exploration & production activities from new discoveries offer lucrative opportunities for the coiled tubing market
                            FIGURE 30 TRENDS OF EXPLORATIONS & PRODUCTION CAPEX WITH RESPECT TO CRUDE OIL PRICES (2010–2018)
                    5.5.3.2 Evolution of intelligent coiled tubing technologies
           5.5.4 CHALLENGES
                    5.5.4.1 Challenging coiled tubing operations in offshore well interventions & drilling pose challenges for the coiled tubing market
                    5.5.4.2 Impact of COVID-19 on oil and gas production activities
    5.6 ADJACENT AND INTERCONNECTED MARKETS
        TABLE 5 ADJACENT AND INTERCONNECTED MARKETS (USD BILLION)

6 COILED TUBING MARKET, BY SERVICE (Page No. - 74)
    6.1 INTRODUCTION
        FIGURE 31 WELL INTERVENTION SEGMENT IS EXPECTED TO DOMINATE THE COILED TUBING MARKET, BY SERVICE, 2020–2025
        TABLE 6 COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
        TABLE 7 PRE-COVID-19: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
        TABLE 8 POST-COVID-19: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
    6.2 WELL INTERVENTION
        FIGURE 32 WELL COMPLETIONS & MECHANICAL OPERATIONS SUB-SEGMENT DOMINATED WELL INTERVENTION MARKET IN 2019
        TABLE 9 WELL INTERVENTION: COILED TUBING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 10 POST-COVID-19: WELL INTERVENTION: COILED TUBING MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
        TABLE 11 WELL INTERVENTION: COILED TUBING MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 12 POST-COVID-19: WELL INTERVENTION: COILED TUBING MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           6.2.1 WELL COMPLETIONS & MECHANICAL OPERATIONS
                    6.2.1.1 Increasing concerns for improving well accessibility and enhancing production are expected to drive the well completions & mechanical operations market
                            TABLE 13 WELL COMPLETIONS & MECHANICAL OPERATIONS: COILED TUBING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 14 POST-COVID-19: WELL COMPLETIONS & MECHANICAL OPERATIONS: COILED TUBING MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
           6.2.2 WELL CLEANING & PUMPING OPERATIONS
                    6.2.2.1 Optimization of mature oil & gas reservoirs drives the demand for well cleaning & pumping operations
                            TABLE 15 WELL CLEANING & PUMPING OPERATIONS: COILED TUBING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 16 POST-COVID-19: WELL CLEANING & PUMPING OPERATIONS: COILED TUBING MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    6.3 DRILLING
           6.3.1 MULTILATERAL WELL DRILLING IS DRIVING THE COILED TUBING DRILLING MARKET
                 TABLE 17 DRILLING: COILED TUBING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 18 POST-COVID-19: DRILLING: COILED TUBING MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    6.4 OTHERS
        TABLE 19 OTHERS: COILED TUBING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 20 POST-COVID-19: OTHERS: COILED TUBING MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

7 COILED TUBING MARKET, BY APPLICATION (Page No. - 85)
    7.1 INTRODUCTION
        FIGURE 33 ONSHORE SEGMENT IS EXPECTED TO LEAD COILED TUBING MARKET, BY APPLICATION, FROM 2020 TO 2025
        TABLE 21 COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
        TABLE 22 PRE-COVID-19: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
        TABLE 23 POST-COVID-19: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
    7.2 ONSHORE
           7.2.1 ONSHORE SHALE DEVELOPMENT IN NORTH AMERICA AND HIGHER NUMBER OF MATURE ONSHORE OILFIELDS IN THE MIDDLE EAST ARE LIKELY TO PROVIDE OPPORTUNITIES FOR COILED TUBING SERVICE PROVIDERS
                 TABLE 24 ONSHORE: COILED TUBING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 25 POST-COVID-19: ONSHORE: COILED TUBING MARKET SIZE, BY REGION, BY REGION, 2020–2025 (USD MILLION)
    7.3 OFFSHORE
           7.3.1 GREATER LOGISTICAL AND OPERATIONAL CHALLENGES ARE AFFECTING THE GROWTH OF COILED TUBING OPERATIONS IN OFFSHORE REGIONS
                 TABLE 26 OFFSHORE: COILED TUBING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 27 POST-COVID-19: OFFSHORE: COILED TUBING MARKET SIZE, BY REGION, BY REGION, 2020–2025 (USD MILLION)

8 COILED TUBING MARKET, BY FLEET (Page No. - 91)
    8.1 INTRODUCTION
        FIGURE 34 COILED TUBING FLEET, BY REGION, MARKET SHARE (VOLUME) 2019
        TABLE 28 COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
    8.2 BY REGION
           8.2.1 NORTH AMERICA
                    8.2.1.1 Demand for coiled tubing operations from shale development in North America is the major reason for the higher number of active fleets in the region
           8.2.2 EUROPE
                    8.2.2.1 Europe witnessed the highest utilization rate for coiled tubing fleets as offshore operations are high in the region
           8.2.3 ASIA PACIFIC
                    8.2.3.1 Asia Pacific is expected to increase the highest number of fleet in the next 5 years as production activities in the region are rising
           8.2.4 SOUTH & CENTRAL AMERICA
                    8.2.4.1 High demand for well intervention services from Brazil and Mexico were the major demand generators for coiled tubing units in South & Central America
           8.2.5 MIDDLE EAST
                    8.2.5.1 Redevelopment of the mature fields in the Middle East creates an enormous demand for coiled tubing services in the region
           8.2.6 AFRICA
                    8.2.6.1 Africa is still in the nascent phase for the coiled tubing market; thus, the fleet count is lower in the region
                            TABLE 29 FLEET: COILED TUBING MARKET, BY REGION, 2016–2019 (UNITS)
                            TABLE 30 UTILIZATION RATE: COILED TUBING MARKET, BY REGION, 2016–2019 (%)
                            TABLE 31 ACTIVE FLEET: COILED TUBING MARKET, BY REGION, 2016–2019 (UNITS)
    8.3 BY OPERATOR
           8.3.1 INTRODUCTION
                 TABLE 32 FLEET: COILED TUBING MARKET, BY OPERATOR, 2016–2019 (UNITS)
                 TABLE 33 UTILIZATION RATE: COILED TUBING MARKET, BY OPERATOR, 2016–2019 (%)
                 TABLE 34 ACTIVE FLEET: COILED TUBING MARKET, BY OPERATOR, 2016–2019 (UNITS)
           8.3.2 NEXTIER OILFIELD SOLUTIONS
                 TABLE 35 NEXTIER OILFIELD SOLUTIONS: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           8.3.3 STEP ENERGY SERVICES
                 TABLE 36 STEP ENERGY SERVICES: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           8.3.4 KEY ENERGY SERVICES
                 TABLE 37 KEY ENERGY SERVICES: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           8.3.5 PIONEER ENERGY SERVICES
                 TABLE 38 PIONEER ENERGY SERVICES: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           8.3.6 BASIC ENERGY SERVICES
                 TABLE 39 BASIC ENERGY SERVICES: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           8.3.7 CALFRAC WELL SERVICES
                 TABLE 40 CALFRAC WELL SERVICES: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)

9 COILED TUBING MARKET, BY REGION (Page No. - 100)
    9.1 INTRODUCTION
        FIGURE 35 SAUDI ARABIA COILED TUBING MARKET IS EXPECTED TO REGISTER HIGHEST CAGR FROM 2020 TO 2025
        FIGURE 36 NORTH AMERICA IS EXPECTED TO DOMINATE COILED TUBING MARKET, BY REGION, 2020–2025
        TABLE 41 COILED TUBING MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 42 PRE-COVID-19: COILED TUBING MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
        TABLE 43 POST-COVID-19: COILED TUBING MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    9.2 NORTH AMERICA
        FIGURE 37 REGIONAL SNAPSHOT: NORTH AMERICAN COILED TUBING MARKET, 2019
           9.2.1 BY SERVICE
                 TABLE 44 NORTH AMERICA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 45 POST-COVID-19: NORTH AMERICA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                 TABLE 46 WELL INTERVENTION: NORTH AMERICA COILED TUBING MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 47 POST-COVID-19: WELL INTERVENTION: NORTH AMERICA COILED TUBING MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           9.2.2 BY APPLICATION
                 TABLE 48 NORTH AMERICA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 49 POST-COVID-19: NORTH AMERICA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           9.2.3 BY FLEET
                 TABLE 50 NORTH AMERICA: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           9.2.4 BY COUNTRY
                 TABLE 51 NORTH AMERICA: COILED TUBING MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 52 POST-COVID-19: NORTH AMERICA: COILED TUBING MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                 FIGURE 38 US DOMINATED THE NORTH AMERICAN COILED TUBING MARKET IN 2019
           9.2.5 US
                    9.2.5.1 Rising demand for well intervention operations for shale development and redevelopment of mature oil basins is driving the US coiled tubing market
                            TABLE 53 US: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                            TABLE 54 POST-COVID-19: US: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                            TABLE 55 US: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                            TABLE 56 POST-COVID-19: US: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           9.2.6 CANADA
                    9.2.6.1 Rising focus on the increasing production from the oil sands is likely to drive the coiled tubing market in Canada
                            TABLE 57 CANADA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                            TABLE 58 POST-COVID-19: CANADA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                            TABLE 59 CANADA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                            TABLE 60 POST-COVID-19: CANADA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
    9.3 EUROPE
        FIGURE 39 REGIONAL SNAPSHOT: EUROPEAN COILED TUBING MARKET, 2019
           9.3.1 BY SERVICE
                 TABLE 61 EUROPE: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 62 POST-COVID-19: EUROPE: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                 TABLE 63 WELL INTERVENTION: EUROPE COILED TUBING MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 64 POST-COVID-19: WELL INTERVENTION: EUROPE COILED TUBING MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           9.3.2 BY APPLICATION
                 TABLE 65 EUROPE: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 66 POST-COVID-19: EUROPE: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           9.3.3 BY FLEET
                 TABLE 67 EUROPE: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           9.3.4 BY COUNTRY
                 TABLE 68 EUROPE: COILED TUBING MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 69 POST-COVID-19: EUROPE: COILED TUBING MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    9.3.4.1 Russia
                               9.3.4.1.1 Rising exploration & production activities in the East Siberia and Caspian region are likely to drive the Russian coiled tubing market
                                         TABLE 70 RUSSIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 71 POST-COVID-19: RUSSIA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 72 RUSSIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 73 POST-COVID-19: RUSSIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.3.4.2 UK
                               9.3.4.2.1 Rising demand for well intervention operations in the UK is likely to drive the coiled tubing market
                                         TABLE 74 UK: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 75 POST-COVID-19: UK: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 76 UK: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 77 POST-COVID-19: UK: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.3.4.3 Norway
                               9.3.4.3.1 High maturity rates of oil & gas fields in Norwegian Continental Shelf (NCS) are boosting the demand for coiled tubing operations in Norway
                                         TABLE 78 NORWAY: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 79 POST-COVID-19: NORWAY: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 80 NORWAY: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 81 POST-COVID-19: NORWAY: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.3.4.4 Rest of Europe
                            TABLE 82 REST OF EUROPE: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                            TABLE 83 POST-COVID-19: REST OF EUROPE: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                            TABLE 84 REST OF EUROPE: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                            TABLE 85 POST-COVID-19: REST OF EUROPE: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
    9.4 SOUTH & CENTRAL AMERICA
           9.4.1 BY SERVICE
                 TABLE 86 SOUTH & CENTRAL AMERICA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 87 POST-COVID-19: SOUTH & CENTRAL AMERICA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                 TABLE 88 WELL INTERVENTION: SOUTH & CENTRAL AMERICA COILED TUBING MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 89 POST-COVID-19: WELL INTERVENTION: SOUTH & CENTRAL AMERICA COILED TUBING MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           9.4.2 BY APPLICATION
                 TABLE 90 SOUTH & CENTRAL AMERICA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 91 POST-COVID-19: SOUTH & CENTRAL AMERICA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           9.4.3 BY FLEET
                 TABLE 92 SOUTH & CENTRAL AMERICA: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           9.4.4 BY COUNTRY
                 TABLE 93 SOUTH & CENTRAL AMERICA: COILED TUBING MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 94 POST-COVID-19: SOUTH & CENTRAL AMERICA: COILED TUBING MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    9.4.4.1 Mexico
                               9.4.4.1.1 Investments for expediting oil & gas production from existing reserves are driving the Mexican coiled tubing market
                                         TABLE 95 MEXICO: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 96 POST-COVID-19: MEXICO: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 97 MEXICO: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 98 POST-COVID-19: MEXICO: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.4.4.2 Brazil
                               9.4.4.2.1 Recent developments in offshore Brazilian oil & gas fields are driving the coiled tubing market
                                         TABLE 99 BRAZIL: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 100 POST-COVID-19: BRAZIL: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 101 BRAZIL: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 102 POST-COVID-19: BRAZIL: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.4.4.3 Venezuela
                               9.4.4.3.1 Reviving oil & gas activities in Venezuela is likely to bring opportunities for the coiled tubing market
                                         TABLE 103 VENEZUELA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 104 POST-COVID-19: VENEZUELA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 105 VENEZUELA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 106 POST-COVID-19: VENEZUELA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.4.4.4 Argentina
                               9.4.4.4.1 Development of shale reserves is expected to drive the well intervention market, thereby driving the coiled tubing market in Argentina
                                         TABLE 107 ARGENTINA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 108 POST-COVID-19: ARGENTINA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 109 ARGENTINA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 110 POST-COVID-19: ARGENTINA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.4.4.5 Rest of South & Central America
                                         TABLE 111 REST OF SOUTH & CENTRAL AMERICA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 112 POST-COVID-19: REST OF SOUTH & CENTRAL AMERICA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 113 REST OF SOUTH & CENTRAL AMERICA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 114 POST-COVID-19: REST OF SOUTH & CENTRAL AMERICA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
    9.5 ASIA PACIFIC
           9.5.1 BY SERVICE
                 TABLE 115 ASIA PACIFIC: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 116 POST-COVID-19: ASIA PACIFIC: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                 TABLE 117 WELL INTERVENTION: ASIA PACIFIC COILED TUBING MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 118 POST-COVID-19: WELL INTERVENTION: ASIA PACIFIC COILED TUBING MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           9.5.2 BY APPLICATION
                 TABLE 119 ASIA PACIFIC: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 120 POST-COVID-19: ASIA PACIFIC: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           9.5.3 BY FLEET
                 TABLE 121 ASIA PACIFIC: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           9.5.4 BY COUNTRY
                 TABLE 122 ASIA PACIFIC: COILED TUBING MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 123 POST-COVID-19: ASIA PACIFIC: COILED TUBING MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    9.5.4.1 China
                               9.5.4.1.1 Deepwater drilling activities and shale exploration & production are likely to drive the Chinese coiled tubing market
                                         TABLE 124 CHINA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 125 POST-COVID-19: CHINA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 126 CHINA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 127 POST-COVID-19: CHINA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.5.4.2 India
                               9.5.4.2.1 Revamping of mature oilfields is expected to drive the coiled tubing market in India during the forecast period
                                         TABLE 128 INDIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 129 POST-COVID-19: INDIA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 130 INDIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 131 POST-COVID-19: INDIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.5.4.3 Australia
                               9.5.4.3.1 Development of the untapped shale reserves in Australia is driving the Australian coiled tubing market
                                         TABLE 132 AUSTRALIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 133 POST-COVID-19: AUSTRALIA :COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 134 AUSTRALIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 135 POST-COVID-19: AUSTRALIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.5.4.4 Indonesia
                               9.5.4.4.1 Rising demand for well intervention operations to revive the production is boosting the demand for coiled tubing operations in Indonesia
                                         TABLE 136 INDONESIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 137 POST-COVID-19: INDONESIA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 138 INDONESIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 139 POST-COVID-19: INDONESIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.5.4.5 Malaysia
                               9.5.4.5.1 Concerns for optimization of oil & gas production are likely to drive the Malaysian coiled tubing market
                                         TABLE 140 MALAYSIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 141 POST-COVID-19: MALAYSIA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 142 MALAYSIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 143 POST-COVID-19: MALAYSIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.5.4.6 Rest of Asia Pacific
                            TABLE 144 REST OF ASIA PACIFIC: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                            TABLE 145 POST-COVID-19: REST OF ASIA PACIFIC: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                            TABLE 146 REST OF ASIA PACIFIC: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                            TABLE 147 POST-COVID-19: REST OF ASIA PACIFIC: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
    9.6 MIDDLE EAST
           9.6.1 BY SERVICE
                 TABLE 148 MIDDLE EAST: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 149 POST-COVID-19: MIDDLE EAST: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                 TABLE 150 WELL INTERVENTION: MIDDLE EAST COILED TUBING MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 151 POST-COVID-19: WELL INTERVENTION: MIDDLE EAST COILED TUBING MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           9.6.2 BY APPLICATION
                 TABLE 152 MIDDLE EAST: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 153 POST-COVID-19: MIDDLE EAST: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           9.6.3 BY FLEET
                 TABLE 154 MIDDLE EAST: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           9.6.4 BY COUNTRY
                 TABLE 155 MIDDLE EAST: COILED TUBING MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 156 POST-COVID-19: MIDDLE EAST: COILED TUBING MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    9.6.4.1 Saudi Arabia
                               9.6.4.1.1 Boosted oil production from onshore fields and the surge in offshore oil & gas exploration are expected to drive the coiled tubing market
                                         TABLE 157 SAUDI ARABIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 158 POST-COVID-19: SAUDI ARABIA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 159 SAUDI ARABIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 160 POST-COVID-19: SAUDI ARABIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.6.4.2 UAE
                               9.6.4.2.1 Demand for well intervention services is likely to grow with fast depleting oil production from oilfields
                                         TABLE 161 UAE: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 162 POST-COVID-19: UAE: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 163 UAE: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 164 POST-COVID-19: UAE: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.6.4.3 Kuwait
                               9.6.4.3.1 The government’s focus to increase oil production is expected to create opportunities for coiled tubing operations
                                         TABLE 165 KUWAIT: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 166 POST-COVID-19: KUWAIT: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 167 KUWAIT: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 168 POST-COVID-19: KUWAIT: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.6.4.4 Oman
                               9.6.4.4.1 Recent oil & gas exploration & production activities in onshore Oman are likely to create demand for the coiled tubing market in the country
                                         TABLE 169 OMAN: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 170 POST-COVID-19: OMAN: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 171 OMAN: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 172 POST-COVID-19: OMAN: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.6.4.5 Rest of Middle East
                            TABLE 173 REST OF MIDDLE EAST: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                            TABLE 174 POST-COVID-19: REST OF MIDDLE EAST: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                            TABLE 175 REST OF MIDDLE EAST: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                            TABLE 176 POST-COVID-19: REST OF MIDDLE EAST: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
    9.7 AFRICA
           9.7.1 BY SERVICE
                 TABLE 177 AFRICA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                 TABLE 178 POST-COVID-19: AFRICA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                 TABLE 179 WELL INTERVENTION: AFRICA COILED TUBING MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                 TABLE 180 POST-COVID-19: WELL INTERVENTION: AFRICA COILED TUBING MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           9.7.2 BY APPLICATION
                 TABLE 181 AFRICA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                 TABLE 182 POST-COVID-2019: AFRICA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           9.7.3 BY FLEET
                 TABLE 183 AFRICA: COILED TUBING MARKET, BY FLEET, 2016–2019 (UNITS)
           9.7.4 BY COUNTRY
                 TABLE 184 AFRICA: COILED TUBING MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                 TABLE 185 POST-COVID-19: AFRICA: COILED TUBING MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                    9.7.4.1 Algeria
                               9.7.4.1.1 Upcoming drilling projects in Algeria and rising capital expenditure in upstream operations are likely to boost the coiled tubing market in the country
                                         TABLE 186 ALGERIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 187 POST-COVID-19: ALGERIA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 188 ALGERIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 189 POST-COVID-19: ALGERIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.7.4.2 Egypt
                               9.7.4.2.1 New discoveries in Egypt pave demand opportunities for coiled tubing operations
                                         TABLE 190 EGYPT: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 191 POST-COVID-19: EGYPT: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 192 EGYPT: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 193 POST-COVID-19: EGYPT: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.7.4.3 Nigeria
                               9.7.4.3.1 Rising exploration activities and developments in mature oil & gas fields are expected to support the coiled tubing market in Nigeria during the forecast period
                                         TABLE 194 NIGERIA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 195 POST-COVID-19: NIGERIA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 196 NIGERIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 197 POST-COVID-19: NIGERIA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.7.4.4 Angola
                               9.7.4.4.1 Demand for well intervention operations from offshore locations is driving the coiled tubing market in Angola
                                         TABLE 198 ANGOLA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                                         TABLE 199 POST-COVID-19: ANGOLA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                                         TABLE 200 ANGOLA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                         TABLE 201 POST-COVID-19: ANGOLA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    9.7.4.5 Rest of Africa
                            TABLE 202 REST OF AFRICA: COILED TUBING MARKET SIZE, BY SERVICE, 2016–2019 (USD MILLION)
                            TABLE 203 POST-COVID-19: REST OF AFRICA: COILED TUBING MARKET SIZE, BY SERVICE, 2020–2025 (USD MILLION)
                            TABLE 204 REST OF AFRICA: COILED TUBING MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                            TABLE 205 POST-COVID-19: REST OF AFRICA: COILED TUBING MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 177)
     10.1 OVERVIEW
          FIGURE 40 KEY DEVELOPMENTS IN THE COILED TUBING MARKET, 2016–2020
     10.2 RANKING OF PLAYERS AND INDUSTRY CONCENTRATION, 2019
          FIGURE 41 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019
     10.3 COMPETITIVE SCENARIO
          TABLE 206 DEVELOPMENTS OF KEY PLAYERS IN THE MARKET, JANUARY 2016–JUNE 2020
             10.3.1 MERGERS & ACQUISITIONS
             10.3.2 CONTRACTS & AGREEMENTS
             10.3.3 NEW PRODUCT LAUNCH
             10.3.4 ALLIANCES/COLLABORATIONS/JOINT VENTURES/PARTNERSHIPS
     10.4 COMPETITIVE LEADERSHIP MAPPING
             10.4.1 VISIONARY LEADERS
             10.4.2 INNOVATORS
             10.4.3 DYNAMIC
             10.4.4 EMERGING
                    FIGURE 42 COILED TUBING MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019

11 COMPANY PROFILE (Page No. - 184)
(Business overview, Product & Service offerings, Recent developments, SWOT analysis & MnM View)*
     11.1 HALLIBURTON
           FIGURE 43 HALLIBURTON: COMPANY SNAPSHOT
     11.2 SCHLUMBERGER
           FIGURE 44 SCHLUMBERGER: COMPANY SNAPSHOT
     11.3 BAKER HUGHES COMPANY
           FIGURE 45 BAKER HUGHES COMPANY: COMPANY SNAPSHOT
     11.4 WEATHERFORD
           FIGURE 46 WEATHERFORD: COMPANY SNAPSHOT
     11.5 NEXTIER OILFIELD SOLUTIONS
           FIGURE 47 NEXTIER OILFIELD SOLUTIONS: COMPANY SNAPSHOT
     11.6 RPC, INC.
           FIGURE 48 RPC, INC.: COMPANY SNAPSHOT
     11.7 STEP ENERGY SERVICES
           FIGURE 49 STEP ENERGY SERVICES: COMPANY SNAPSHOT
     11.8 SUPERIOR ENERGY SERVICES
           FIGURE 50 SUPERIOR ENERGY SERVICES: COMPANY SNAPSHOT
     11.9 TRICAN
           FIGURE 51 TRICAN: COMPANY SNAPSHOT
     11.10 ALTUS INTERVENTION
     11.11 NATIONAL ENERGY SERVICES REUNITED (NESR)
           FIGURE 52 NATIONAL ENERGY SERVICES REUNITED (NESR): COMPANY SNAPSHOT
     11.12 OILSERV
     11.13 BASIC ENERGY SERVICES
           FIGURE 53 BASIC ENERGY SERVICES: COMPANY SNAPSHOT
     11.14 OCEANEERING INTERNATIONAL
           FIGURE 54 OCEANEERING INTERNATIONAL: COMPANY SNAPSHOT
     11.15 CALFRAC WELL SERVICES
           FIGURE 55 CALFRAC WELL SERVICES: COMPANY SNAPSHOT
     11.16 KEY ENERGY SERVICES
           FIGURE 56 KEY ENERGY SERVICES: COMPANY SNAPSHOT
     11.17 NINE ENERGY SERVICES
           FIGURE 57 NINE ENERGY SERVICES: COMPANY SNAPSHOT
     11.18 PIONEER ENERGY SERVICES
           FIGURE 58 PIONEER ENERGY SERVICES: COMPANY SNAPSHOT
     11.19 LEGEND ENERGY SERVICES

*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.

12 ADJACENT & RELATED MARKETS (Page No. - 234)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 OIL & GAS INTERCONNECTED MARKETS
     12.4 WELL INTERVENTION MARKET
             12.4.1 MARKET DEFINITION
             12.4.2 LIMITATION
             12.4.3 MARKET OVERVIEW
                    FIGURE 59 WELL INTERVENTION MARKET, 2018—2025 (USD MILLION)
             12.4.4 WELL INTERVENTION MARKET, BY APPLICATION
                        12.4.4.1 Onshore
                                 TABLE 207 ONSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 208 POST-COVID-19: ONSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
                        12.4.4.2 Offshore
                                 TABLE 209 OFFSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                                 TABLE 210 POST-COVID-19: OFFSHORE: WELL INTERVENTION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
             12.4.5 WELL INTERVENTION MARKET, BY REGION
                        12.4.5.1 North America
                                 TABLE 211 NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 212 POST-COVID-19: NORTH AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                        12.4.5.2 Europe
                                 TABLE 213 EUROPE: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 214 POST-COVID-19: EUROPE: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                        12.4.5.3 South & Central America
                                 TABLE 215 SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 216 POST-COVID -19: SOUTH & CENTRAL AMERICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                        12.4.5.4 Asia Pacific
                                 TABLE 217 ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 218 POST-COVID-19: ASIA PACIFIC: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                        12.4.5.5 Middle East
                                 TABLE 219 MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 220 POST-COVID-19: MIDDLE EAST: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                        12.4.5.6 Africa
                                 TABLE 221 AFRICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                 TABLE 222 POST-COVID-19: AFRICA: WELL INTERVENTION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
     12.5 ARTIFICIAL LIFT MARKET
             12.5.1 MARKET DEFINITION
             12.5.2 ARTIFICIAL LIFT MARKET, BY MECHANISM: INCLUSIONS VS. EXCLUSIONS
             12.5.3 LIMITATIONS
             12.5.4 MARKET OVERVIEW
                    FIGURE 60 ARTIFICIAL LIFT MARKET, 2018—2025 (USD MILLION)
             12.5.5 ARTIFICIAL LIFT MARKET, BY APPLICATION
                        12.5.5.1 Onshore
                                 TABLE 223 ONSHORE: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                        12.5.5.2 Offshore
                                 TABLE 224 OFFSHORE: ARTIFICIAL LIFT MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
             12.5.6 ARTIFICIAL LIFT MARKET, BY REGION
                        12.5.6.1 North America
                                 TABLE 225 NORTH AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        12.5.6.2 Europe
                                 TABLE 226 EUROPE: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        12.5.6.3 Asia Pacific
                                 TABLE 227 ASIA PACIFIC: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        12.5.6.4 South & Central America
                                 TABLE 228 SOUTH & CENTRAL AMERICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
                        12.5.6.5 Middle East & Africa
                                 TABLE 229 MIDDLE EAST & AFRICA: ARTIFICIAL LIFT MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
     12.6 DIGITAL OILFIELD MARKET
             12.6.1 MARKET DEFINITION
             12.6.2 LIMITATIONS
             12.6.3 MARKET OVERVIEW
                    FIGURE 61 DIGITAL OILFIELD MARKET, 2018—2025 (USD BILLION)
             12.6.4 DIGITAL OILFIELD MARKET, BY APPLICATION
                        12.6.4.1 Onshore
                                 TABLE 230 ONSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
                                 TABLE 231 POST-COVID-19: ONSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
                        12.6.4.2 Offshore
                                 TABLE 232 OFFSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
                                 TABLE 233 POST-COVID-19: OFFSHORE: DIGITAL OILFIELD MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
             12.6.5 DIGITAL OILFIELD MARKET, BY REGION
                        12.6.5.1 Europe
                                 TABLE 234 EUROPE: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
                                 TABLE 235 POST-COVID-19: EUROPE: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
                        12.6.5.2 Asia Pacific
                                 TABLE 236 ASIA PACIFIC: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
                                 TABLE 237 POST-COVID-19: ASIA PACIFIC: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
                        12.6.5.3 Middle East
                                 TABLE 238 MIDDLE EAST: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
                                 TABLE 239 POST-COVID-19: MIDDLE EAST : DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
                        12.6.5.4 North America
                                 TABLE 240 NORTH AMERICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
                                 TABLE 241 POST-COVID-19: NORTH AMERICA : DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
                        12.6.5.5 Africa
                                 TABLE 242 AFRICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
                                 TABLE 243 POST-COVID-19: AFRICA : DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)
                        12.6.5.6 South America
                                 TABLE 244 SOUTH AMERICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2016–2019 (USD BILLION)
                                 TABLE 245 POST-COVID-19: SOUTH AMERICA: DIGITAL OILFIELD MARKET SIZE, BY APPLICATION, 2020–2025 (USD BILLION)

13 APPENDIX (Page No. - 257)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the global coiled tubing market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global coiled tubing market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The coiled tubing market comprises several stakeholders, such as end-product manufacturers and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as drilling service providers, upstream operators, and others. The supply-side is characterized by intervention service providers, tool providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Coiled Tubing Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global coiled tubing market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Coiled Tubing Market Bottom-Up Approach

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the oil & gas upstream sector.

Report Objectives

  • To define, describe, segment, and forecast the coiled tubing market on the basis of service, application, fleet, and region
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the coiled tubing market with respect to individual growth trends, future expansions, and contribution of each segment to the market
  • The impact of the COVID-19 pandemic on the coiled tubing market has been analyzed for the estimation of the market size.
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the coiled tubing market with respect to the main regions (North America, Europe, Asia Pacific, Middle East, South & Central America, and Africa)
  • To profile and rank key players and comprehensively analyze their market share
  • To analyze competitive developments such as contracts & agreements, expansions & investments, new product launches, mergers & acquisitions, joint ventures, and partnerships & collaborations in the coiled tubing market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
Report Code
EP 3441
Published ON
Jul, 2020
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