The North America coiled tubing market size was valued at USD 721.88 Million in 2025. The market is further projected to grow at a CAGR of 3.60% between 2026 and 2035, reaching a value of USD 1028.16 Million by 2035.
Base Year
Historical Period
Forecast Period
More than 50% of western Canada’s wells are being horizontally drilled. Coiled tubing can effectively aid in logging and workover applications of horizontal wells.
812 operators in North America drilled 11,050 wells in YTD 2023.
In 2022, Alberta's oil and gas producers invested around USD 700 million in cleaning old wells in the province.
Compound Annual Growth Rate
3.6%
Value in USD Million
2026-2035
*this image is indicative*
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.
"North America Coiled Tubing Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments.
Market Breakup by Service:
Market Breakup by Application:
Market Breakup by Country:
The key players in the coiled tubing market in North America are investing in expanding their footprint to increase their market share.
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In 2025, the coiled tubing market reached an approximate value of USD 721.88 Million.
The market is expected to grow at a CAGR of 3.60% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach USD 1028.16 Million by 2035.
Wireline cabling systems find use in lowering gauges, plugs, and valves into boreholes, while coiled tubing is used for pumping.
The stripper/packer is a primary barrier in a coiled tubing unit. The barrier is designed to provide a pressure seal around a coiled tubing unit as the unit is being run into or pulled out of a live well.
The major drivers of the market include a rising demand for oil and gas, an increase in well drilling and intervention, and advancement in coiled tubing technology.
Key trends aiding market expansion include extensive research and development to advance coiled tubing technology, investments in well cleaning, and growing demand for fossil fuels.
Major countries in the market are the United States of America and Canada.
The common application of coiled tubing onshore and offshore.
Key players in the market are 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., and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service |
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| Breakup by Application |
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| Breakup by Country |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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