Coiled Tubing Market

Coiled Tubing Market by Fleet (Operator, Region), Service (Well Intervention (Well Completions & Mechanical Operations, Well Cleaning & Pumping Operations), Drilling Service ), Application (Onshore, Offshore), and Region - Global Forecast to 2024

Report Code: EP 3441 Nov, 2019, by marketsandmarkets.com

[189 Pages Report] The global coiled tubing market size is projected to reach USD 5.4 billion by 2024, from an estimated USD 3.8 billion in 2019, growing at a CAGR of 7.1% 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

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.

Coiled Tubing Market

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 2019 to 2024, 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.

Key Market Players

The major players in the global coiled tubing market are Halliburton (US), Schlumberger (US), BHGE (US), Weatherford (US), C&J Energy Services (US), Superior Energy Services (US), Trican (Canada), Altus Intervention (Norway), National Energy Services Reunited (US), Sahara Petroleum Services Company (Egypt), 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).

Scope of the Report

Report Metric

Details

Market Size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

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), BHGE (US), Weatherford (US), C&J Energy Services (US), Superior Energy Services (US), Trican (Canada), Altus Intervention (Norway), National Energy Services Reunited (US), Sahara Petroleum Services Company (Egypt), 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
  • Operator

Based on the Region:

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

Recent Developments

  • In April 2019, Halliburton launched the Elect frac sleeve, a mono-bore sleeve solution that enables unlimited stage count in multistage fracturing operations. The Elect frac sleeve is an evolutionary step in completion sleeves, supporting greater flexibility for highly optimized reservoir access with pinpoint well stimulation options. Through such innovative launches, the company intends to strengthen its product portfolio.
  • In September 2019, Halliburton announced an asset acquisition of a new portfolio of electro-mechanical downhole cutting tools and tubing punches from Westerton (UK). These services provide operators with a safe and reliable alternative to traditional pipe recovery and intervention across the well lifecycle from exploration to abandonment.
  • In September 2019, BHGE and C3.ai announced the launch of BHC3 Reliability, the first artificial intelligence (AI) software application developed by the BakerHughesC3.ai joint venture.

Key Questions Addressed by the Report

  • The report identifies and addresses the key segments of the coiled tubing market, which will help manufacturers and service providers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights regarding the drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and make more pivotal strategic decisions.
  • The report addresses the market share analysis of key players in the coiled tubing market, and with the help of this, companies can enhance their revenues in the respective markets.
  • The report provides insights about emerging geographies for well intervention, and hence, the entire market ecosystem can gain a competitive advantage.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    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. - 24)
    2.1 Research Data
           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
    2.2 Scope
           2.2.1 Scope of the Coiled Tubing Market
    2.3 Key Influencing Factors/Drivers
           2.3.1 Well Count
           2.3.2 Coiled Tubing Unit Count
           2.3.3 Production Trends
           2.3.4 Crude Oil Prices
    2.4 Market Size Estimation
           2.4.1 Ideal Demand-Side Analysis
                    2.4.1.1 Assumptions
                    2.4.1.2 Calculation
           2.4.2 Supply-Side Analysis
                    2.4.2.1 Assumptions
                    2.4.2.2 Calculation
           2.4.3 Forecast
    2.5 Market Breakdown and Data Triangulation
    2.6 Primary Insights

3 Executive Summary (Page No. - 36)

4 Premium Insights (Page No. - 40)
    4.1 Attractive Opportunities in the Coiled Tubing Market
    4.2 Coiled Tubing Market, By Service
    4.3 Coiled Tubing Market, By Application
    4.4 Coiled Tubing Market, By Region
    4.5 North American Coiled Tubing Market, By Application & Country

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Well Intervention Operations is Driving the Coiled Tubing Market
                    5.2.1.2 Redevelopment of Mature Oilfields Demands Coiled Tubing Units for Production Enhancement
                    5.2.1.3 Advancements in Shale Oil Extraction Require More Coiled Tubing Operations
                    5.2.1.4 Rising Primary Energy Consumption From Asia Pacific Will Boost the Coiled Tubing Market in the Region
           5.2.2 Restraints
                    5.2.2.1 Risks Associated With Coiled Tubing Operations and Regulations Associated With Operational Safety are Restraining the Market Growth
                    5.2.2.2 Wireline Operations, Which are A Cheaper Substitute of Coiled Tubing Operations, Hinder the Growth of the Coiled Tubing Market
           5.2.3 Opportunities
                    5.2.3.1 Increasing Exploration & Production Activities From New Discoveries Offer Lucrative Opportunities for the Coiled Tubing Market
                    5.2.3.2 Evolution of Intelligent Coiled Tubing Technologies
           5.2.4 Challenges
                    5.2.4.1 Challenging Coiled Tubing Operations in Offshore Well Interventions & Drilling Pose Challenges for the Coiled Tubing Market

6 Coiled Tubing Market, By Service (Page No. - 52)
    6.1 Introduction
    6.2 Well Intervention
           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
           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
    6.3 Drilling
           6.3.1 Multilateral Well Drilling is Driving the Coiled Tubing Drilling Market
    6.4 Others

7 Coiled Tubing Market, By Application (Page No. - 60)
    7.1 Introduction
    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
    7.3 Offshore
           7.3.1 Greater Logistical and Operational Challenges are Affecting the Growth of Coiled Tubing Operations in Offshore Regions

8 Coiled Tubing Market, By Fleet (Page No. - 65)
    8.1 Introduction
    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 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
    8.3 By Operator
           8.3.1 Introduction
           8.3.2 C&J Energy Services
           8.3.3 STEP Energy Services
           8.3.4 Key Energy Services
           8.3.5 Pioneer Energy Services
           8.3.6 Basic Energy Services
           8.3.7 Calfrac Well Services

9 Coiled Tubing Market, By Region (Page No. - 74)
    9.1 Introduction
    9.2 North America
           9.2.1 By Service
           9.2.2 By Application
           9.2.3 By Fleet
           9.2.4 By Country
           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
           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
    9.3 Europe
           9.3.1 By Service
           9.3.2 By Application
           9.3.3 By Fleet
           9.3.4 By Country
                    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
                    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
                    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
                    9.3.4.4 Rest of Europe
    9.4 South & Central America
           9.4.1 By Service
           9.4.2 By Application
           9.4.3 By Fleet
           9.4.4 By Country
                    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
                    9.4.4.2 Brazil
                               9.4.4.2.1 Recent Developments in Offshore Brazilian Oil & Gas Fields are Driving the Coiled Tubing Market
                    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
                    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
                    9.4.4.5 Rest of South & Central America
    9.5 Asia Pacific
           9.5.1 By Service
           9.5.2 By Application
           9.5.3 By Fleet
           9.5.4 By Country
                    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
                    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
                    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
                    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 106
                    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
                    9.5.4.6 Rest of Asia Pacific
    9.6 Middle East
           9.6.1 By Service
           9.6.2 By Application
           9.6.3 By Fleet
           9.6.4 By Country
                    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
                    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
                    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
                    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
                    9.6.4.5 Rest of Middle East
    9.7 Africa
           9.7.1 By Service
           9.7.2 By Application
           9.7.3 By Fleet
           9.7.4 By Country
                    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
                    9.7.4.2 Egypt
                               9.7.4.2.1 New Discoveries in Egypt Pave Demand Opportunities for Coiled Tubing Operations
                    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
                    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
                    9.7.4.5 Rest of Africa

10 Competitive Landscape (Page No. - 125)
     10.1 Overview
     10.2 Ranking of Players and Industry Concentration, 2018
     10.3 Competitive Scenario
             10.3.1 Mergers & Acquisitions
             10.3.2 Contracts & Agreements
             10.3.3 New Product Launches
             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

11 Company Profile (Page No. - 132)
(Business Overview, Product & Service Offerings, Recent Developments, SWOT Analysis, and MnM View)* 
     11.1 Halliburton
     11.2 Schlumberger
     11.3 Baker Hughes, A Ge Company
     11.4 Weatherford
     11.5 C&J Energy Services
     11.6 RPC, Inc.
     11.7 STEP Energy Services
     11.8 Superior Energy Services
     11.9 Trican
     11.10 Altus Intervention
     11.11 National Energy Services Reunited (Nesr)
     11.12 Sahara Petroleum Services Company (Sapesco)
     11.13 Oilserv
     11.14 Basic Energy Services
     11.15 Oceaneering International
     11.16 Calfrac Well Services
     11.17 Key Energy Services
     11.18 Nine Energy Services
     11.19 Pioneer Energy Services
     11.20 Legend Energy Services
*Details on Business Overview, Product & Service Offerings, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies. 

12 Appendix (Page No. - 182)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (114 Tables)

Table 1 Coiled Tubing Market: Players/Companies Connected
Table 2 Coiled Tubing Market: Inclusions vs. Exclusions
Table 3 Coiled Tubing Market: Ideal Demand-Side Approach
Table 4 Coiled Tubing Market Snapshot
Table 5 Top Countries With Significant Technically Recoverable Shale Resources
Table 6 Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 7 Well Intervention: Market Size, By Region, 2016–2024 (USD Million)
Table 8 Well Intervention: Market Size, By Type, 2016–2024 (USD Million)
Table 9 Well Completions & Mechanical Operations: Market Size, By Region, 2016–2024 (USD Million)
Table 10 Well Cleaning & Pumping Operations: Market Size, By Region, 2016–2024 (USD Million)
Table 11 Drilling: Market Size, By Region, 2016–2024 (USD Million)
Table 12 Others: Market Size, By Region, 2016–2024 (USD Million)
Table 13 Coiled Tubing Market Size, By Application, 2016–2024 (USD Million)
Table 14 Onshore: Market Size, By Region, 2016–2024 (USD Million)
Table 15 Offshore: Market Size, By Region, 2016–2024 (USD Million)
Table 16 Coiled Tubing Market, By Fleet, 2016–2018 (Units)
Table 17 Fleet: Market, By Region, 2016–2018 (Units)
Table 18 Utilization Rate: Market, By Region, 2016–2018 (%)
Table 19 Active Fleet: Market, By Region, 2016–2018 (Units)
Table 20 Fleet: Market, By Operator, 2016–2018 (Units)
Table 21 Utilization Rate: Market, By Operator, 2016–2018 (%)
Table 22 Active Fleet: Market, By Operator, 2016–2018 (Units)
Table 23 C&J Energy Services: Market, By Fleet, 2016–2018 (Units)
Table 24 STEP Energy Services: Market, By Fleet, 2016–2018 (Units)
Table 25 Key Energy Services: Market, By Fleet, 2016–2018 (Units)
Table 26 Pioneer Energy Services: Market, By Fleet, 2016–2018 (Units)
Table 27 Basic Energy Services: Market, By Fleet, 2016–2018 (Units)
Table 28 Calfrac Well Services: Market, By Fleet, 2016–2018 (Units)
Table 29 Coiled Tubing Market Size, By Region, 2016–2024 (USD Million)
Table 30 North America: Market Size, By Service,2016–2024 (USD Million)
Table 31 Well Intervention: North America Market Size, By Type, 2016–2024 (USD Million)
Table 32 North America: Coiled Tubing Market Size, By Application, 2016–2024 (USD Million)
Table 33 North America: Market, By Fleet, 2016–2018 (Units)
Table 34 North America: Market Size, By Country, 2016–2024 (USD Million)
Table 35 US: Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 36 US: Coiled Tubing Market Size, By Application, 2016–2024 (USD Million)
Table 37 Canada: Market Size, By Service, 2016–2024 (USD Million)
Table 38 Canada: Market Size, By Application, 2016–2024 (USD Million)
Table 39 Europe: Market Size, By Service, 2016–2024 (USD Million)
Table 40 Well Intervention: Europe Coiled Tubing Market Size, By Type, 2016–2024 (USD Million)
Table 41 Europe: Coiled Tubing Market Size, By Application, 2016–2024 (USD Million)
Table 42 Europe: Market, By Fleet, 2016–2018 (Units)
Table 43 Europe: Market Size, By Country, 2016–2024 (USD Million)
Table 44 Russia: Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 45 Russia: Market Size, By Application, 2016–2024 (USD Million)
Table 46 UK: Coiled Tubing Market Size, By Service, 2016–2024 (USD Thousand)
Table 47 UK: Market Size, By Application, 2016–2024 (USD Million)
Table 48 Norway: Coiled Tubing Market Size, By Service, 2016–2024 (USD Thousand)
Table 49 Norway: Market Size, By Application, 2016–2024 (USD Million)
Table 50 Rest of Europe: Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 51 Rest of Europe: Market Size, By Application, 2016–2024 (USD Million)
Table 52 South & Central America: Market Size, By Service, 2016–2024 (USD Million)
Table 53 Well Intervention: South & Central America Coiled Tubing Market Size, By Type, 2016–2024 (USD Million)
Table 54 South & Central America: Coiled Tubing Market Size, By Application, 2016–2024 (USD Million)
Table 55 South & Central America: Coiled Tubing Market, By Fleet, 2016–2018 (Units)
Table 56 South & Central America: Market Size, By Country, 2016–2024 (USD Million)
Table 57 Mexico: Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 58 Mexico: Market Size, By Application, 2016–2024 (USD Million)
Table 59 Brazil: Market Size, By Service, 2016–2024 (USD Million)
Table 60 Brazil: Market Size, By Application, 2016–2024 (USD Million)
Table 61 Venezuela: Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 62 Venezuela: Market Size, By Application, 2016–2024 (USD Million)
Table 63 Argentina: Market Size, By Service, 2016–2024 (USD Million)
Table 64 Argentina: Market Size, By Application, 2016–2024 (USD Million)
Table 65 Rest of South & Central America: Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 66 Rest of South & Central America: Market Size, By Application, 2016–2024 (USD Million)
Table 67 Asia Pacific: Market Size, By Service, 2016–2024 (USD Million)
Table 68 Well Intervention: Asia Pacific Market Size, By Type, 2016–2024 (USD Million)
Table 69 Asia Pacific: Market Size, By Application, 2016–2024 (USD Million)
Table 70 Asia Pacific: Market, By Fleet, 2016–2018 (Units)
Table 71 Asia Pacific: Market Size, By Country, 2016–2024 (USD Million)
Table 72 China: Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 73 China: Market Size, By Application,2016–2024 (USD Million)
Table 74 India: Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 75 India: Market Size, By Application, 2016–2024 (USD Thousand)
Table 76 Australia: Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 77 Australia: Market Size, By Application, 2016–2024 (USD Million)
Table 78 Indonesia: Market Size, By Service, 2016–2024 (USD Million)
Table 79 Indonesia: Coiled Tubing Market Size, By Application, 2016–2024 (USD Million)
Table 80 Malaysia: Market Size, By Service, 2016–2024 (USD Million)
Table 81 Malaysia: Market Size, By Application, 2016–2024 (USD Million)
Table 82 Rest of Asia Pacific: Coiled Tubing Market Size, By Service, 2016–2024 (USD Million)
Table 83 Rest of Asia Pacific: Market Size, By Application, 2016–2024 (USD Million)
Table 84 Middle East: Market Size, By Service,2016–2024 (USD Million)
Table 85 Well Intervention: Middle East Market Size, By Type, 2016–2024 (USD Million)
Table 86 Middle East: Market Size, By Application, 2016–2024 (USD Million)
Table 87 Middle East: Market, By Fleet, 2016–2018 (Units)
Table 88 Middle East: Market Size, By Country, 2016–2024 (USD Million)
Table 89 Saudi Arabia: Market Size, By Service, 2016–2024 (USD Million)
Table 90 Saudi Arabia: Market Size, By Application, 2016–2024 (USD Million)
Table 91 UAE: Market Size, By Service, 2016–2024 (USD Thousand)
Table 92 UAE: Market Size, By Application, 2016–2024 (USD Thousand)
Table 93 Kuwait: Market Size, By Service, 2016–2024 (USD Thousand)
Table 94 Kuwait: Market Size, By Application,2016–2024 (USD Million)
Table 95 Oman: Market Size, By Service, 2016–2024 (USD Thousand)
Table 96 Oman: Market Size, By Application, 2016–2024 (USD Million)
Table 97 Rest of Middle East: Market Size, By Service, 2016–2024 (USD Million)
Table 98 Rest of Middle East: Market Size, By Application, 2016–2024 (USD Million)
Table 99 Africa: Market Size, By Service, 2016–2024 (USD Million)
Table 100 Well Intervention: Africa Market Size, By Type, 2016–2024 (USD Million)
Table 101 Africa: Market Size, By Application, 2016–2024 (USD Million)
Table 102 Africa: Market, By Fleet, 2016–2018 (Units)
Table 103 Africa: Market Size, By Country, 2016–2024 (USD Million)
Table 104 Algeria: Market Size, By Service, 2016–2024 (USD Thousand)
Table 105 Algeria: Market Size, By Application, 2016–2024 (USD Million)
Table 106 Egypt: Market Size, By Service, 2016–2024 (USD Thousand)
Table 107 Egypt: Market Size, By Application, 2016–2024 (USD Thousand)
Table 108 Nigeria: Market Size, By Service, 2016–2024 (USD Thousand)
Table 109 Nigeria: Market Size, By Application, 2016–2024 (USD Thousand)
Table 110 Angola: Market Size, By Service, 2016–2024 (USD Thousand)
Table 111 Angola: Market Size, By Application, 2016–2024 (USD Thousand)
Table 112 Rest of Africa: Market Size, By Service, 2016–2024 (USD Thousand)
Table 113 Rest of Africa: Market Size, By Application, 2016–2024 (USD Million)
Table 114 Developments of Key Players in the Market, January 2016–June 2019


List of Figures (53 Figures)

Figure 1 Coiled Tubing Market: Research Design
Figure 2 Newly Drilled Wells, 2018
Figure 3 Crude Oil Price and Operational Well Count vs. Coiled Tubing Unit Count (2014–2018)
Figure 4 Operational Well Count vs. Crude Oil Production (2013–2019)
Figure 5 Crude Oil Price Trend
Figure 6 Coiled Tubing Market: Ideal Demand-Side Calculation
Figure 7 Research Methodology: Illustration of Coiled Tubing Company Revenue Estimation (2018)
Figure 8 Ranking of Key Players & Industry Concentration, 2018
Figure 9 Data Triangulation Methodology
Figure 10 Key Service Providers’ Point of View
Figure 11 North America Dominated the Market in 2018
Figure 12 North America Dominated the Market, By Fleet, 2016–2018
Figure 13 Well Intervention Segment is Expected to Lead the Market, By Service, During the Forecast Period
Figure 14 Onshore Segment is Expected to Dominate the Coiled Tubing Market, By Application, During the Forecast Period
Figure 15 Maturing Oilfields to Drive the Demand for Well Intervention Activities and Boost the Coiled Tubing Market Growth, 2019–2024
Figure 16 Well Intervention Segment is Expected to Dominate the Coiled Tubing Market, By Service, During the Forecast Period
Figure 17 Onshore Segment Dominated the Coiled Tubing Market, By Application, in 2018
Figure 18 Coiled Tubing Market in the Middle East is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 19 Onshore Segment and the US Dominated the North American Coiled Tubing Market in 2018
Figure 20 Coiled Tubing Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Well Intervention Services vs. Coiled Tubing/Wireline Deployment for Performing the Operations
Figure 22 Global Oil & Gas Upstream Capital Spending (2014–2019)
Figure 23 Peak Loss of Oil From Mature Conventional Oilfields (2010–2017)
Figure 24 World Oil Demand Growth (2018–2024)
Figure 25 Trends of Explorations & Production Capex With Respect to Crude Oil Prices (2010–2018)
Figure 26 Well Intervention Segment is Expected to Dominate the Market, By Service, During the Forecast Period
Figure 27 Well Completions & Mechanical Operations Subsegment Dominatedthe Well Intervention Market in 2018
Figure 28 Onshore Segment is Expected to Lead the Market, By Application, From 2019 to 2024
Figure 29 Coiled Tubing Fleet, By Region, Market Share (Volume) 2018
Figure 30 Saudi Arabian Coiled Tubing Market is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 31 North America is Expected to Dominate the Market,By Region, During the Forecast Period
Figure 32 Regional Snapshot: North American Market, 2018
Figure 33 US Dominated the North American Market in 2018
Figure 34 Regional Snapshot: European Market, 2018
Figure 35 Key Developments in the Market, 2016–2019
Figure 36 Ranking of Key Players & Industry Concentration, 2018
Figure 37 Coiled Tubing Market (Global) Competitive Leadership Mapping, 2018
Figure 38 Halliburton: Company Snapshot
Figure 39 Schlumberger: Company Snapshot
Figure 40 Baker Hughes, A Ge Company: Company Snapshot
Figure 41 Weatherford: Company Snapshot
Figure 42 C&J Energy Services: Company Snapshot
Figure 43 RPC, Inc.: Company Snapshot
Figure 44 STEP Energy Services: Company Snapshot
Figure 45 Superior Energy Services: Company Snapshot
Figure 46 Trican: Company Snapshot
Figure 47 National Energy Services Reunited (Nesr): Company Snapshot
Figure 48 Basic Energy Services: Company Snapshot
Figure 49 Oceaneering International: Company Snapshot
Figure 50 Calfrac Well Services: Company Snapshot
Figure 51 Key Energy Services: Company Snapshot
Figure 52 Nine Energy Services: Company Snapshot
Figure 53 Pioneer Energy Services: Company Snapshot

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 are given below:

Coiled Tubing Market

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.

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, and forecast the global coiled tubing market based on service, application, fleet, and region
  • To provide detailed information on the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
  • To strategically analyze the micro-markets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze major tools and equipment used for coiled tubing services
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the market size of segments with respect to major regions, namely, North America, South & Central America, the Middle East, Europe, Asia Pacific, and Africa
  • To strategically profile key players and comprehensively analyze their respective market share and core competencies
  • To track and analyze developments in the coiled tubing market, such as new product launches, expansions, mergers & acquisitions, and contracts & agreements

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
Nov, 2019
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