Coiled Tubing Market Size, Share & Trends Analysis Report By Services (Well Intervention & Production, Drilling), By Operations (Circulation, Pumping, Logging, Perforation), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2025 - 2033

Coiled Tubing Market Summary

This surge prompts upstream companies to invest in enhanced oil recovery (EOR) and unconventional resources such as shale formations. Coiled tubing offers a quick and cost-effective solution for well intervention and workover operations, critical for maintaining and boosting production, especially in horizontal and multistage fracked wells across regions such as North America.

Technological advancements in coiled tubing equipment have played a crucial role in expanding its application scope. Innovations such as larger diameter tubes and stronger, corrosion-resistant materials have enabled deeper and higher-pressure operations. For instance, the U.S. Department of Energy (DOE) has supported R&D initiatives under the Office of Fossil Energy and Carbon Management to improve downhole tools and real-time data acquisition systems, which enhance the efficiency of coiled tubing interventions. These improvements are particularly important in unconventional plays such as the Permian Basin, where operational precision and speed are critical.

The growing need for well maintenance in aging oil fields is another major driver. Data from the International Energy Agency (IEA) shows that more than 70% of the global oil output comes from mature fields, many requiring frequent interventions to sustain output. In countries like Saudi Arabia and the U.S., where several large fields are over 40 years old, coiled tubing is used extensively for cleanouts, acid stimulation, and gas lifting. These applications help sustain production at a relatively low cost, supporting national oil production goals without major new field development.

Environmental regulations are increasingly shaping market dynamics in favor of coiled tubing. The U.S. Environmental Protection Agency (EPA) has set stricter emission and site impact regulations for oilfield operations, particularly concerning methane emissions and land use. Coiled tubing, which requires less surface disruption and fewer emissions than traditional rigs, aligns well with these regulatory goals. For instance, coiled tubing interventions typically reduce emissions by over 30% compared to conventional workover rigs, according to studies cited by the DOE. This makes it a preferred method in regions with stringent environmental compliance, such as California and the North Sea.

Offshore exploration projects are also contributing significantly to market growth. The International Association of Oil & Gas Producers (IOGP) reports that offshore production accounts for nearly 30% of global oil output. Projects in regions like the Gulf of Mexico and the Eastern Mediterranean are deploying coiled tubing for complex well-servicing operations due to its compact footprint and operational efficiency. The U.S. Bureau of Ocean Energy Management (BOEM) has recently approved multiple deepwater drilling permits, indicating a positive outlook for offshore activity and, by extension, coiled tubing demand.

Drivers, Opportunities & Restraints

The coiled tubing market is primarily driven by the growing need for cost-effective well intervention and maintenance operations, especially in mature oilfields. As per the IEA, more than 50% of global crude oil production in 2023 originated from aging fields, many of which require frequent servicing to sustain output. Coiled tubing provides an efficient, lower-cost alternative to traditional drilling rigs for acidizing, cleanouts, and nitrogen lifting operations. Additionally, the surge in unconventional hydrocarbon extraction, especially in shale formations in the U.S. and Canada, has significantly bolstered demand, as coiled tubing enables faster and more precise interventions in horizontal wells.

Significant opportunities exist in developing advanced coiled tubing technologies and expanding offshore exploration activities. Innovations such as real-time data transmission tools, larger tubing diameters, and high-pressure-resistant materials are enhancing the applicability of coiled tubing in deep and complex wells. Moreover, offshore regions such as the Gulf of Mexico, West Africa, and Southeast Asia are seeing increased exploration investments. According to the U.S. BOEM, approved offshore drilling permits rose by over 15% in 2024, creating a favorable environment for coiled tubing deployment due to its minimal surface footprint and operational flexibility.

The setup and maintenance of coiled tubing units involve substantial capital investment, which can deter small and mid-sized service providers. Furthermore, extreme well conditions, such as very high temperatures and pressures, can limit the effectiveness of conventional coiled tubing systems, requiring frequent upgrades and material enhancements. Market volatility in crude oil prices also poses a risk, as lower prices often lead to reduced drilling and well servicing activities, directly impacting demand for coiled tubing services.

Services Insights

Well intervention & production segment held the revenue share of over 66% in 2024. Coiled tubing enables efficient, well-intervention services such as scale removal, acid stimulation, and cleanouts without the need to halt production or dismantle surface infrastructure. These capabilities make it vital to extend well life, improve recovery rates, and reduce downtime, particularly in cost-sensitive environments such as North America and the Middle East.

Drilling is anticipated to register the fastest CAGR over the forecast period. Coiled tubing drilling (CTD) enables continuous circulation of drilling fluids while allowing for rapid deployment and retrieval without making or breaking pipe connections. This reduces non-productive time (NPT), enhances operational safety, and lowers overall costs. Coiled tubing's flexibility allows it to navigate through high-angle or horizontal wellbores more easily than conventional drill strings, making it ideal for re-entry drilling operations.

Operations Insights

Logging segment held the revenue share of 20.6% in 2024. Coiled tubing-conveyed logging is particularly advantageous in highly deviated or horizontal wells where conventional wireline tools face deployment challenges. It allows for logging while circulating fluids, which aids in maintaining well control and ensuring precise data acquisition in challenging environments. Technological advancements are further strengthening the capabilities of coiled tubing logging services. Developments in logging tools, such as compact formation evaluation sensors, distributed temperature sensing (DTS), and real-time telemetry systems, have improved the precision and speed of data collection.

Pumping is anticipated to register the fastest CAGR over the forecast period. Coiled tubing-assisted pumping operations, such as acidizing, cementing, nitrogen lifting, and chemical injection, allow precise fluid placement at targeted depths while maintaining continuous well control. This is particularly valuable in mature wells, where selective stimulation is needed to restore declining production. The pumping segment also benefits from advancements in fluid delivery technologies and pressure control systems that enhance accuracy, reduce wastage, and improve safety in unconventional reservoirs, such as the Bakken and Permian basins. Operators frequently rely on coiled tubing for post-fracturing cleanouts and matrix acidizing to improve formation permeability.

Application Insights

Onshore segment held the revenue share of 64.7% in 2024. The onshore segment of the coiled tubing market is growing steadily due to the large number of oil and gas fields located on land, especially in regions like North America, the Middle East, and Asia Pacific. These fields are mature and require regular maintenance to stabilize production levels. Coiled tubing is commonly used onshore for tasks such as well cleanouts, acidizing, nitrogen lifting, and supporting hydraulic fracturing. Its ability to perform these operations quickly and at a lower cost than traditional methods makes it a popular choice for onshore applications, particularly in shale-rich areas where frequent well intervention is necessary.

Offshore is anticipated to grow significantly over the forecast period due to the increasing number of deepwater and ultra-deepwater exploration and production projects. Offshore wells are often more complex and expensive to drill and maintain, making coiled tubing services' efficient and compact nature especially valuable. Coiled tubing allows quick well interventions, cleanouts, and stimulation without needing large rigs, helping reduce downtime and costs. Operators rely on coiled tubing for safe and efficient operations in limited-space settings in challenging offshore environments like the Gulf of Mexico, the North Sea, and offshore West Africa.

Regional Insights

North America coiled tubing marketis experiencing a rapid expansion in coiled tubing, largely driven by the continued expansion of horizontal drilling across the U.S. and Canada. These wells often require frequent well intervention, cleanouts, and stimulation, making coiled tubing a highly preferred solution due to its cost efficiency and speed. Operators in key shale basins such as the Permian and Montney increasingly use coiled tubing for post-fracturing operations and workovers, helping extend the productive life of wells. The market also benefits from a well-established oilfield services infrastructure, which supports the widespread deployment of coiled tubing units.

U.S. Coiled Tubing Market Trends

The coiled tubing market in the U.S. is expanding steadily due to growing activity in shale plays and mature oilfields. Operators increasingly use coiled tubing for well cleanouts, acidizing, and other intervention services that help restore and enhance production without needing large rigs. Offshore activity also contributed to the market’s expansion, with the EIA forecasting U.S. offshore oil production to hold steady near 1.8 million barrels per day in 2025, supported by over a dozen new projects in the Gulf of Mexico.

Asia Pacific Coiled Tubing Market Trends

The coiled tubing market in Asia Pacific is experiencing strong growth, largely driven by increasing oil and gas exploration and production activities across countries like China, India, Indonesia, and Australia. Governments in the region are actively promoting domestic energy development to reduce dependence on imports. For instance, under India’s Hydrocarbon Exploration and Licensing Policy (HELP), the Ministry of Petroleum and Natural Gas has introduced reforms to attract foreign and private investments in exploration and production. These efforts have increased onshore and offshore drilling operations, creating a greater need for efficient well intervention services. With its ability to reduce operational costs and downtime, coiled tubing is being increasingly adopted for cleanouts, acidizing, and well stimulation tasks.

Europe Coiled Tubing Market Trends

The coiled tubing market in Europe is expanding steadily due to the need to maintain and enhance output from mature oil and gas fields, particularly those in the North Sea. According to the Norwegian Petroleum Directorate, most offshore wells require regular well interventions, and coiled tubing helps reduce operating costs by approximately 30% compared to traditional methods.

Latin America Coiled Tubing Market Trends

The coiled tubing market in Latin America is growing steadily as oil and gas producers respond to rising regional energy projects driven by government support. National oil company Petrobras has led exploration and development efforts in Brazil's offshore pre-salt fields. The Brazilian government continues to open its deepwater basins to foreign investment, fueling demand for efficient offshore well services like coiled tubing to carry out interventions and logging in challenging environments.

Middle East & Africa Coiled Tubing Market Trends

The coiled tubing market in the Middle East and Africa is witnessing steady growth, primarily due to increased oilfield development and rising demand for efficient well servicing techniques. Many countries in the region, such as Saudi Arabia, the UAE, and Kuwait, are investing in enhancing recovery from mature fields, which requires frequent interventions. Coiled tubing is widely used in such operations for well cleanouts, stimulation, and nitrogen lifting, as it allows for faster and more cost-effective servicing without the need for heavy rigs.

Key Coiled Tubing Company Insights

Some of the key players operating in the market include Tenaris, Sandvik AB, and others

• Tenaris is a leading global supplier of steel pipes and related services for the oil and gas industry, with a significant presence across North America, South America, and Asia-Pacific. It offers a comprehensive range of products for demanding downhole applications, including workovers, drilling, logging, perforating, and stimulation. It pioneered API certification in this segment and continues to innovate with its proprietary BlueCoil technology, which delivers significantly higher fatigue resistance and string life than conventional offerings.

• Sandvik AB is a global engineering company based in Sweden, known for producing high-quality materials and tools for industries like mining, construction, and manufacturing. The company has a long history and operates in many countries, offering advanced metal cutting and drilling solutions. The company manufactures long-length, seamless stainless steel and nickel alloy tubes used in oil and gas operations. These tubes are ideal for well intervention, chemical injection, and control lines because they can handle high pressure and resist corrosion.

Recent Development

• In May 2025, Halliburton deployed its largest-ever coiled tubing intervention system at its New Iberia Training Facility in Louisiana. This advanced system includes coiled tubing injector named Halliburton's V135HP, a reel capable of holding 36,000 feet of 2-3/8-inch coiled tubing, and a tension lift frame with an impressive 750-ton capacity.

• In April 2025, Alleima launched a pioneering on-site tubing solution designed specifically for hydrogen projects in Canada. This mobile machine can straighten and cut thick-walled coiled tubing directly at construction sites, eliminating the need for off-site processing. The innovation streamlines the installation of hydrogen refueling stations by delivering tubing cuts to exact specifications on demand, reducing waste, labor, and potential weak points in the system caused by fittings or welds.

Coiled Tubing Market Report Scope

Global Coiled Tubing Market Report Segmentation

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global coiled tubing market report based on services, operations, application, and region.

• Services Outlook (Revenue, USD Million; Volume, Units, 2021-2033)

  • Well Intervention & Production

    • Well Completion

    • Well Cleaning

    • Others

  • Drilling

  • Others

• Operations Outlook (Revenue, USD Million; Volume, Units, 2021-2033)

  • Circulation

  • Pumping

  • Logging

  • Perforation

  • Others

• Application Outlook (Revenue, USD Million; Volume, Units, 2021-2033)

  • Onshore

  • Offshore

• Regional Outlook (Revenue, USD Million; Volume, Units, 2021-2033)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Poland

    • UK

    • Russia

  • Asia Pacific

    • China

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • UAE

    • Saudi Arabia

    • Libya

    • South Africa