According to a market report by Lucintel, the future of the global coiled tubing service market looks promising with opportunities in the onshore and offshore markets. The global coiled tubing service market is expected to grow with a CAGR of 7.5% from 2025 to 2031. The major drivers for this market are the increasing oil & gas exploration activities, the rising demand for well intervention services, and the growing investments in unconventional oil resources.A more than 150-page report to understand trends, opportunity and forecast in coiled tubing service market to 2031 by type (well intervention, drilling, and others), application (onshore and offshore), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, well intervention is expected to witness higher growth over the forecast period.
Within the application category, onshore is expected to witness higher growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Schlumberger, Halliburton, Baker Hughes, Weatherford, Superior Energy, Archer, Calfrac Well Services, Cudd Energy Services, National Oilwell Varco, Pioneer Energy Services are the major suppliers in the coiled tubing service market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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