Coiled Tubing Global Market Report 2026

Coiled tubing refers to a long metal pipe that is rolled over or surrounded by a large reel. It is carried to the well site when any well repair or workover activities are undertaken. Also, it is used in improving the well and reservoir performance and for various processes on the site, including milling, drilling, and rock fracturing.

The main types of coiled tubing markets are well intervention, drilling services, perforating, fracturing, and milling services. Well intervention refers to an operation carried out on an oil or gas well. It is the ability to safely enter a well with good control to do several tasks other than drilling. The various operations include logging, pumping, circulation, and others. The various applications include onshore and offshore.

Tariffs have influenced the coiled tubing market by increasing the cost of imported steel tubing, specialty alloys, and coiled tubing equipment used in oilfield operations. Higher duties have raised service costs across well intervention and drilling service segments, particularly in regions dependent on imported equipment such as Asia Pacific and the Middle East. Offshore applications are further impacted due to added logistics and compliance expenses. At the same time, tariffs are encouraging localized manufacturing, supplier diversification, and long term supply chain stability in major oil and gas producing regions.

The coiled tubing market research report is one of a series of new reports from The Business Research Company that provides coiled tubing market statistics, including coiled tubing industry global market size, regional shares, competitors with a coiled tubing market share, detailed coiled tubing market segments, market trends and opportunities, and any further data you may need to thrive in the coiled tubing industry. This coiled tubing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The coiled tubing market size has grown rapidly in recent years. It will grow from $4.24 billion in 2025 to $5.04 billion in 2026 at a compound annual growth rate (CAGR) of 18.8%. The growth in the historic period can be attributed to growth in conventional oil and gas production, rising demand for cost effective well intervention methods, expansion of onshore drilling activities, increased focus on improving well productivity, availability of established oilfield service infrastructure.

The coiled tubing market size is expected to see exponential growth in the next few years. It will grow to $10.9 billion in 2030 at a compound annual growth rate (CAGR) of 21.2%. The growth in the forecast period can be attributed to increase in shale and unconventional resource development, rising investments in mature well rejuvenation, growing offshore exploration activities, demand for reduced downtime well services, advancements in coiled tubing materials and equipment. Major trends in the forecast period include increased adoption of real time well monitoring, growing use of high strength corrosion resistant tubing materials, rising preference for extended reach and complex well interventions, higher deployment of multi functional coiled tubing units, expansion of coiled tubing usage in unconventional reservoirs.

Rise in demand for petroleum products is expected to propel the growth of the coiled tubing market going forward. Petroleum products, referred to as oil products or petroleum derivatives, are a group of various substances that are derived from crude oil through refining processes. Coiled tubing is essential for tasks like well cleaning, stimulation, and maintenance, and the increasing demand for petroleum products necessitates more efficient and cost-effective solutions. For instance, in September 2023, according to Ministry of petroleum and natural gas, government of India, Growth for Petroleum products is registered 8. 2% YoY basis. Therefore, the rise in demand for petroleum products is driving the growth of the coiled tubing market.

Major companies in the coiled tubing market are exploring space-saving coiled tubing (CT) solutions to gain a competitive advantage and strengthen their product portfolios. Space-saving coiled tubing refers to specialized equipment and systems designed for the deployment and management of coiled tubing in industries such as oil and gas, with a reduced operational footprint. For example, in October 2025, Baker Hughes Company, a U.S.-based energy technology firm, expanded its integrated underbalanced coiled tubing drilling (UBCTD) operations through a multi-year contract with Aramco, under which the company will scale up its fleet of coiled tubing drilling units-including compact and integrated solutions-across Saudi Arabia's natural gas fields. This initiative includes the deployment of 10 integrated coiled tubing drilling units that combine drilling and well intervention while optimizing equipment configuration and workflow efficiency to support re-entry and greenfield projects. Baker Hughes' integrated coiled tubing approach leverages its CoilTrak bottomhole assembly system and advanced subsurface analytics to improve operational control, reflecting innovation in CT systems that reduce footprint and enhance productivity at rig sites compared with traditional, standalone coiled tubing and drilling assets. This expansion highlights the growing shift toward space-efficient, integrated coiled tubing technologies that improve hydrocarbon access while enabling more compact operational footprints.

In September 2023, Eastern Energy Services Inc., a U.S.-based provider of coiled tubing, fishing, pressure control, and well intervention services, acquired Conquest Completion Services LLC for an undisclosed amount. Through this acquisition, Eastern Energy Services aims to expand its coiled tubing fleet and strengthen its well intervention and completion capabilities across major U.S. onshore basins. Conquest Completion Services LLC is a U.S.-based company specializing in large-diameter coiled tubing units and related oilfield services.

Major companies operating in the coiled tubing market are Halliburton Company, Schlumberger NV, Baker Hughes Company, Weatherford International PLC, Oceaneering International Inc., Trican Well Service Ltd., Legend Energy Services, Superior Energy Services Inc., Basic Energy Services Inc., NexTier Oilfield Solutions LLC, Global Tubing LLC, Webco Industries, Sanjel Energy Services, Condor Energy Services, Archer Ltd., NOV Inc., Hunting Energy Services Inc., Cudd pressure control Inc., Nine Energy Service, Liberty Energy, Canyon Services Group Inc., Essential Energy Services Limited, Precision Drilling Corporation, Patterson-UTI Energy, Nabors Industries Limited, Ensign Energy Services Inc., Step Energy services

North America was the largest region in the coiled tubing market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the coiled tubing market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the coiled tubing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The coiled tubing market consists of the sales of truck-mounted and skid-mounted coiled tubing. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Coiled Tubing Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses coiled tubing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for coiled tubing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The coiled tubing market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Service Type: Well Intervention; Drilling Service; Perforating; Fracturing; Milling Services
• 2) By Operation: Logging; Pumping; Circulation; Other Operations
• 3) By Application Type: Onshore; Offshore
• Subsegments:
• 1) By Well Intervention: Well Cleaning; Logging Services; Fishing Services
• 2) By Drilling Service: Extended Reach Drilling; Managed Pressure Drilling; Underbalanced Drilling
• 3) By Perforating: Conventional Perforating; Composite Perforating; Intelligent Perforating
• 4) By Fracturing: Hydraulic Fracturing; Acid Fracturing; Foam Fracturing
• 5) By Milling Services: Cement Milling; Plug Milling; Scale Milling
• Companies Mentioned: Halliburton Company; Schlumberger NV; Baker Hughes Company; Weatherford International PLC; Oceaneering International Inc.; Trican Well Service Ltd.; Legend Energy Services; Superior Energy Services Inc.; Basic Energy Services Inc.; NexTier Oilfield Solutions LLC; Global Tubing LLC; Webco Industries; Sanjel Energy Services; Condor Energy Services; Archer Ltd.; NOV Inc.; Hunting Energy Services Inc.; Cudd pressure control Inc.; Nine Energy Service; Liberty Energy; Canyon Services Group Inc.; Essential Energy Services Limited; Precision Drilling Corporation; Patterson-UTI Energy; Nabors Industries Limited; Ensign Energy Services Inc.; Step Energy services
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.