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Global Coiled Tubing Services Market 2017-2021

Global Coiled Tubing Services Market 2017-2021

About Coiled Tubing Services

A coiled tubing operation is performed through drilling derrick on an oil platform, which is used to back the surface equipment. Although on platforms with no drilling facilities a self-supporting tower can be utilized. For coiled tubing operations on sub-sea wells, mobile offshore drilling units (MODUS) such as drillship, semi-submersible, etc. must be used to support all the personnel and surface equipment, whereas wireline can be carried out from a lesser and inexpensive intervention vessel. Onshore, wirelines can be run using smaller service rigs, and for light operations, a mobile, self-contained coiled tubing rig can be employed.

Technavio’s analysts forecast the global coiled tubing services market to grow at a CAGR of 4.00% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global coiled tubing services market for 2017-2021. To calculate the market size, the report considers the new volume of coiled tubing units and excludes aftermarket services.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Coiled Tubing Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Archer
  • Baker Hughes
  • Halliburton
  • Schlumberger
  • Superior Energy Services
Other prominent vendors
  • C&J Energy Services
  • Calfrac Well Services
  • Cudd Energy Services
  • Essential Energy Services
  • Key Energy Services
  • Nabors Industries
  • RPC
  • Trican Well Service
  • Weatherford
Market driver
  • Rising global oil and gas demand
  • For a full, detailed list, view our report
Market challenge
  • Decline in oil rig count
  • For a full, detailed list, view our report
Market trend
  • Changing business models and portfolios
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Coiled Tubing Services Market 2017-2021

Technavio recognizes the following companies as the key players in the global coiled tubing services market: Archer, Baker Hughes, Halliburton, Schlumberger, and Superior Energy Services

Other Prominent Vendors in the market are: C&J Energy Services, Calfrac Well Services, Cudd Energy Services, Essential Energy Services, Key Energy Services, Nabors Industries, RPC, Trican Well Service, and Weatherford.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Changing business models and portfolios. The model of a solitary integrated company, developing and discovering an oil or gas field and continuing the operation until the reservoir is depleted, is being exchanged by alliances and changes in ownership designed to guarantee that the company is able to extract most of its value and manages the field in critical stages.”

According to the report, one of the major drivers for this market is Rising global oil and gas demand. According to the US Energy Information Administration, global liquid fuel consumption stood at 96.47 mbpd in 2016 compared with 86.43 mbpd in 2007. Global liquid fuel consumption grew at an annual rate of 1.23% between 2007 and 2016 and is expected to grow at a rapid rate during the forecast period. According to the US Energy Information Administration, the crude oil price dropped from over $110/bbl. in June 2014 to as low as $30/bbl. in January 2016, resulting in reduced fuel prices and increased fuel consumption. The crude oil price was $51.59/bbl in September 2017. Oil producers, especially OPEC countries, need to increase their production or venture into drilling new wells to meet the rising fuel demand. Most of the oil-producing countries do not have large additional capacities; hence, to meet the high fuel demand, they will require oil companies to explore and drill greenfield wells in new and existing oil fields. New drilling ventures will increase the demand for oilfield services.

Further, the report states that one of the major factors hindering the growth of this market is Decline in oil rig count. The volatile nature of crude oil prices may lead to uncertain price spikes or fall in the future, which can cause disruption and huge monetary losses for the oil and gas service provider companies. For instance, global crude oil prices witnessed a histrionic fall in July 2014, which had severely impacted the upstream oil and gas segment. This led to a reduction in drilling activities, which was reflected by the fall in rig count worldwide. The global rig count fell by 31.8% from 2015 to 2016, and by 55.5% from 2014 to 2016.

Companies Mentioned

Archer, Baker Hughes, Halliburton, Schlumberger, Superior Energy Services, C&J Energy Services, Calfrac Well Services, Cudd Energy Services, Essential Energy Services, Key Energy Services, Nabors Industries, RPC, Trican Well Service, and Weatherford.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Major segments of oil and gas industry
      • Table Coiled tubing equipment overview
  • Market Landscape
    • Market ecosystem
      • Table Parent market: Global oilfield services market
      • Table Global Oilfield Services Market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market size and forecast 2016-2021
      • Table Global coiled tubing services – Market size and forecast 2016-2021 ($ millions)
      • Table Global – Year over year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by application
    • Global coiled tubing services market by application
      • Table Global coiled tubing services market by application, 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Global coiled tubing services market by onshore application
      • Table Global coiled tubing services market by onshore application 2016-2021 ($ millions)
      • Table Global coiled tubing services market by onshore application – Year over year growth (%)
    • Global coiled tubing services market by offshore application
      • Table Global coiled tubing services market by offshore application 2016-2021 ($ millions)
      • Table Global coiled tubing services market by offshore application 2016-2021–Year over year growth (%)
    • Market opportunity by application
  • Regional landscape
    • Geographical Segmentation
      • Table Global coiled tubing services market 2016-2021 – market size & forecast (%)
    • Regional comparison
      • Table Regional comparison
    • Americas – market size & forecast
      • Table Coiled tubing services market in Americas – Market size & forecast ($ millions)
      • Table Americas – Year over year growth (%)
      • Table Top 3 countries in Americas
    • EMEA – market size & forecast
      • Table Coiled tubing services market segment in EMEA – market size & forecast ($ millions)
      • Table EMEA – Year over year growth (%)
      • Table Top 3 countries in EMEA
    • APAC – market size & forecast
      • Table Coiled tubing services market segment in APAC – market size & forecast ($ millions)
      • Table APAC – Year over year growth (%)
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global liquid fuel production and consumption 2012-2018 (millions barrel per day)
      • Table Global tight oil production 2015 and 2040 (mbpd)
    • Market challenges
      • Table Global crude oil price, 2007-2017 ($/bbl)
      • Table Global rig count 2014-2016 (number of rigs)
      • Table Global renewable investments, 2000-2016 ($ billions)
      • Table Global electric car stock, 2010-2016 (thousands)
  • Market trends
    • Changing business models and portfolios
    • Big data analytics in oil and gas industry
    • Rise in deep and ultra-deepwater drilling projects
  • Vendor landscape
    • Competitive scenario
  • Vendor analysis
    • Vendor overview
    • Archer
      • Table Archer: Key services
    • Baker Hughes
      • Table Baker Hughes: Key products/ services
    • Halliburton
      • Table Halliburton: Key products/ services
    • Schlumberger
      • Table Schlumberger: Key products/ services
    • Superior Energy Services
      • Table Superior Energy Services: Key products/ services
  • Appendix
    • List of abbreviations
  • Explore Technavio

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