Coiled Tubing Services Market Report 2026

The coiled tubing services market size has grown strongly in recent years. It will grow from $5.19 billion in 2025 to $5.48 billion in 2026 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in oil and gas exploration activities, rising demand for well stimulation services, expansion of workover operations, development of advanced coiled tubing technologies, increasing need for enhanced well productivity.

The coiled tubing services market size is expected to see strong growth in the next few years. It will grow to $6.84 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increasing investments in oilfield services, rising demand for efficient well intervention solutions, expansion of offshore and onshore well servicing activities, growing focus on production optimization, continued technological advancements in coiled tubing operations. Major trends in the forecast period include increasing use of coiled tubing in well intervention operations, rising adoption of precision controlled downhole services, growing focus on efficient well maintenance and workover activities, expansion of coiled tubing applications in drilling support, increasing demand for high accuracy well remediation solutions.

The increasing global demand for oil is expected to propel the growth of the coiled tubing services market going forward. As oil demand rises, more wells are drilled, maintained, and serviced, boosting the demand for well intervention services such as coiled tubing for cleanouts, stimulations, and workovers. Coiled tubing services support rising oil demand by enabling faster, more efficient well maintenance and production enhancement, which increases oil output and sustains operational activity in oilfields. For instance, in 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global oil demand was forecast to reach about 102.2 million barrels per day, representing an increase of approximately 2.2 million barrels per day compared with 2022. Therefore, rising global oil demand is driving the growth of the coiled tubing services market.

Major companies in the coiled tubing services market are introducing new tools, such as the coiled tubing intervention system, to improve operational efficiency. These specialized systems, which include equipment like the HydroHammer, IntelliPulser, and Intelli-Log, are designed for use in oil and gas operations, performing various functions related to well intervention, drilling, and data acquisition within the wellbore using continuous tubing. For example, in August 2023, Halliburton, a US-based oilfield service company, unveiled the largest coiled tubing intervention system ever for deepwater operations in the Gulf of Mexico. This cutting-edge system aims to enhance the efficiency and effectiveness of coiled tubing interventions in challenging environments, allowing complex tasks to be completed with increased speed and reliability. This deployment represents a significant advancement in coiled tubing technology, equipping operators with enhanced performance capabilities in deepwater scenarios.

In October 2024, KLX Energy Services, a US-based provider of well-completion services, acquired Motley Services LLC for $148 million. Through this acquisition, KLX aimed to expand its coiled tubing capabilities for complex horizontal wells and strengthen its presence in high-activity regions such as the Permian Basin. Motley Services LLC is a US-based oilfield services company that provides well-completion services, including large-diameter coiled tubing solutions for challenging well interventions.

Major companies operating in the coiled tubing services market report are Schlumberger Limited, Baker Hughes Company, Halliburton Company, Weatherford International PLC, Superior Energy Services Inc., Cudd Energy Services, Archer Well Company Inc., Key Energy Services Inc., Essential Energy Services Ltd., Altus Intervention Limited, Basic Energy Services Inc., STEP Energy Services Ltd., Nine Energy Service Inc., BJ Energy Solutions, Antech UK Ltd., Conquest Completion Services LLC, Pioneer Energy Services Corp., Oceaneering International Inc., National Oilwell Varco Inc., Nabors Industries Ltd., Precision Drilling Corporation, Patterson-UTI Energy Inc., RPC Inc., Oceaneering International Inc.

North America was the largest region in the coiled tubing services market in 2025. The regions covered in the coiled tubing services 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 services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The coiled tubing services market includes revenues earned by entities by providing circulation, pumping, logging, and perforation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.

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