The North America coiled tubing market size was valued at USD 696.80 Million in 2024. The market is further projected to grow at a CAGR of 3.60% between 2025 and 2034, reaching a value of USD 992.44 Million by 2034.
The United States of America is a significant producer of oil and gas globally. A larger percentage of the country's production comes from unconventional oil drilling. The combination of horizontal drilling and hydraulic fracturing allows oil producers to unlock previously inaccessible oil and gas resources. According to the U.S. Energy Information Administration (EIA), offshore drilling accounted for around 15% of the country's oil production in 2021. The presence of major oil and gas companies, such as Chevron, ExxonMobil, BP, Shell, ConocoPhillips, EOG Resources, Marathon Petroleum, Devon Energy, ad Occidental Petroleum, and Valero Energy in North America, aid the North America coiled tubing market development.
According to the North America coiled tubing market analysis, coiled tubing is a cost-effective and time-saving solution for well-intervention operations. Coiled tubing is deployed to achieve several well intervention operations, including cleanout, perforating the wellbore, and retrieving and replacing damaged equipment. Further, advancements in coiled tubing allow for real-time downhole measurements that can be used in wellbore treatments and logging operations. Coiled tubing can also be deployed to perform enhanced oil recovery (EOR) processes, such as hydraulic and acid fracturing as well as sand control and cementing operations. Coiled tubing is also an important tool for controlling fluid flow in horizontal wells.
The United States of America is a significant producer of oil and gas globally. A larger percentage of the country's production comes from unconventional oil drilling. The combination of horizontal drilling and hydraulic fracturing allows oil producers to unlock previously inaccessible oil and gas resources. According to the U.S. Energy Information Administration (EIA), offshore drilling accounted for around 15% of the country's oil production in 2021. The presence of major oil and gas companies, such as Chevron, ExxonMobil, BP, Shell, ConocoPhillips, EOG Resources, Marathon Petroleum, Devon Energy, ad Occidental Petroleum, and Valero Energy in North America, aid the North America coiled tubing market development.
According to the North America coiled tubing market analysis, coiled tubing is a cost-effective and time-saving solution for well-intervention operations. Coiled tubing is deployed to achieve several well intervention operations, including cleanout, perforating the wellbore, and retrieving and replacing damaged equipment. Further, advancements in coiled tubing allow for real-time downhole measurements that can be used in wellbore treatments and logging operations. Coiled tubing can also be deployed to perform enhanced oil recovery (EOR) processes, such as hydraulic and acid fracturing as well as sand control and cementing operations. Coiled tubing is also an important tool for controlling fluid flow in horizontal wells.
Market Segmentation
North America Coiled Tubing Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.Market Breakup by Service:
- Well Intervention _x000D_ _x000D_ Well Cleaning and Pumping Operations _x000D_ Well Completion and Mechanical Operations _x000D_ _x000D_
- Well Intervention _x000D_ _x000D_ Well Cleaning and Pumping Operations _x000D_ Well Completion and Mechanical Operations _x000D_ _x000D_
- Drilling
- Others
- Drilling
- Others
Market Breakup by Application:
- Onshore
- Offshore
Market Breakup by Country:
- United States of America
- Canada
Competitive Landscape
The key players in the coiled tubing market in North America are investing in expanding their footprint to increase their market share.- Baker Hughes Company
- Calfrac Well Services Ltd.
- Essential Coil Well Service Ltd.
- Halliburton Energy Services, Inc.
- NOV Inc.
- Schlumberger NV
- STEP Energy Services Ltd.
- ACT American Coil Tubing
- Trican Well Service Ltd.
- RPC, Inc.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Coiled Tubing Market Overview
6 North America Coiled Tubing Market Overview
7 North America Coiled Tubing Market by Service
8 North America Coiled Tubing Market by Application
9 North America Coiled Tubing Market by Country
10 Market Dynamics
11 Competitive Landscape
Companies Mentioned
- Baker Hughes Company
- Calfrac Well Services Ltd.
- Essential Coil Well Service Ltd.
- Halliburton Energy Services, Inc.
- NOV Inc.
- Schlumberger NV
- STEP Energy Services Ltd.
- ACT American Coil Tubing
- Trican Well Service Ltd.
- RPC, Inc.
