News Oil & Gas

Tanker Shipping Market size to grow by 164.10 Mn tons at 4.59% CAGR — Driven by growth in global oil and gas logistics industry


NEW YORK, Sept. 19, 2022 /PRNewswire/ — The “Tanker Shipping Market by Tanker type and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The report expects the market to observe an incremental growth of 164.10 million tons between 2021 and 2026, accelerating at a CAGR of 4.59% during the forecast period. The report provides a comprehensive analysis of the competitive scenario, post-pandemic impact on business, successful strategies adopted by vendors, new products, and much more. Buy Full Report Here

Market Segmentation

  • By tank type, the market is classified into oil tankers and liquid gas tankers. The oil tankers segment will dominate the growth of the market. The increase in global demand for products, such as petroleum and diesel, to cater to the growing number of automobile sales is driving the growth of the segment. Also, the increased use of tankers to transport products such as paraffin, kerosene, refined oil, and other chemical products will contribute to the growth of the segment.
  • By Geography, the market is classified as APAC, Europe, MEA, North America, and South America. APAC will have the largest share of the market. The region will account for 56% of the global market share. The growth of the regional market can be attributed to the increasing demand for oil and gas, rising urbanization, expanding middle-class population, and an increase in the refining capacity of various countries in the region, In addition, the presence of a large number of ports is expected to drive the growth of the tanker shipping market during the forecast period.

Market Dynamics

The market is driven by the growth in the global oil and gas logistics market. The rise in international seaborne trade, improved economic conditions, and an increase in the volume of imports and exports globally have fostered the growth of the global oil and gas logistics market. For instance, during the pre-pandemic period, the global oil demand stood at 99.5 mb/d. It was increased by 5.4 mb/d in 2021 and 3.3mb/d in 2022. This increase in oil and gas logistics market globally is driving the growth of the market in focus.

The increase in LNG tanker transportation and advances in the propulsion system of tankers will also support the growth of the global tanker shipping market. However, fluctuations in the Baltic dry index and the imbalance in demand and supply of tankers will challenge the growth of the market.

Company Profiles

The tanker shipping market report provides complete insights on key vendors including AET Tanker Holdings Sdn. Bhd., Bahri, COSCO SHIPPING Holdings Co. Ltd., Euronav NV, FRONTLINE Ltd., International Seaways Inc., Mitsui O.S.K. Lines Ltd., Ocean Tankers Pte Ltd., Sovcomflot, and Teekay Corp.

Competitive Analysis

The global tanker shipping market is highly fragmented. The market is highly competitive, with players competing to gain market shares. In 2020, the imbalance in the demand and supply of tankers reduced container freight rates. This, in turn, posed a challenge for tanker shipping vendors, as fluctuations in freight rates created uncertainty in the profit margin of vendors operating in the market.

The report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Request Sample Report Here

Related Reports:

Tanker Shipping Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.59%

Market growth 2022-2026

164.10 mn tons

Market structure

Fragmented

YoY growth (%)

4.45

Regional analysis

APAC, Europe, MEA, North America, and South America

Performing market contribution

APAC at 56%

Key consumer countries

China, Singapore, South Korea (Republic of Korea), Japan, and Norway

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AET Tanker Holdings Sdn. Bhd., Bahri, COSCO SHIPPING Holdings Co. Ltd., Euronav NV, FRONTLINE Ltd., International Seaways Inc., Mitsui O.S.K. Lines Ltd., Ocean Tankers Pte Ltd., Sovcomflot, and Teekay Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1. Executive Summary                         

               1.1 Market Overview 

                              Exhibit 01:  Key Finding 1

                              Exhibit 02:  Key Finding 2

                              Exhibit 03:  Key Finding 3

                              Exhibit 04:  Key Finding 5

                              Exhibit 05:  Key Finding 6

                              Exhibit 06:  Key Finding 7

                              Exhibit 07:  Key Finding 8

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 08:   Parent market

                              Exhibit 09:  Market Characteristics

               2.2 Value chain analysis           

                              Exhibit 10:  Value chain analysis: Oil and gas storage and transportation

                              2.2.1    Inputs

                              2.2.2    Storage and transportation

                              2.2.3    Distribution of refined products

                              2.2.4    End-users

                              2.2.5    Industry innovations

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 11:   Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 12:   Market segments

               3.3 Market size 2021 

               3.4 Market outlook: Forecast for 2021 – 2026 

                              3.4.1    Estimating growth rates for emerging and high-growth markets

                              3.4.2    Estimating growth rates for mature markets

                              Exhibit 13:  Global – Market size and forecast 2021 – 2026 (million tons)

                              3.4.3    Impact of COVID-19 on the market

                              Exhibit 14:  Global market: Year-over-year growth 2021 – 2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 15: Five forces analysis 2021 & 2026

               4.2 Bargaining power of buyers            

                              Exhibit 16: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 17: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 18: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 19: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 20: Threat of rivalry

               4.7 Market condition 

                              Exhibit 21:  Market condition – Five forces 2021

5. Market Segmentation by Tanker type                      

               5.1 Market segments

                              The segments covered in this chapter are:

  • Oil tankers
  • Liquid gas tankers

                              Exhibit 22:  Tanker type – Market share 2021-2026 (%)

               5.2     Comparison by Tanker type        

                              Exhibit 23:  Comparison by Tanker type

               5.3     Oil tankers – Market size and forecast 2021-2026              

                              Exhibit 24:  Oil tankers – Market size and forecast 2021-2026 (million tons)

                              Exhibit 25:  Oil tankers – Year-over-year growth 2021-2026 (%)

               5.4     Liquid gas tankers – Market size and forecast 2021-2026 

                              Exhibit 26:  Liquid gas tankers – Market size and forecast 2021-2026 (million tons)

                              Exhibit 27:  Liquid gas tankers – Year-over-year growth 2021-2026 (%)

               5.5     Market opportunity by Tanker type         

                              Exhibit 28:  Market opportunity by Tanker type

6. Customer landscape                        

               6.1     Overview            

                              Exhibit 29:  Customer landscape

7. Geographic Landscape                    

               7.1 Geographic segmentation

                              The regions covered in the report are:

  • APAC
  • Europe
  • MEA
  • North America
  • South America

                              Exhibit 30:  Market share by geography 2021-2026 (%)

               7.2 Geographic comparison    

                              Exhibit 31:  Geographic comparison

               7.3     APAC – Market size and forecast 2021-2026         

                              Exhibit 32:  APAC – Market size and forecast 2021-2026 (million tons)

                              Exhibit 33:  APAC – Year-over-year growth 2021-2026 (%)

               7.4     Europe – Market size and forecast 2021-2026      

                              Exhibit 34:  Europe – Market size and forecast 2021-2026 (million tons)

                              Exhibit 35:  Europe – Year-over-year growth 2021-2026 (%)

               7.5     MEA – Market size and forecast 2021-2026          

                              Exhibit 36:  MEA – Market size and forecast 2021-2026 (million tons)

                              Exhibit 37:  MEA – Year-over-year growth 2021-2026 (%)

               7.6     North America – Market size and forecast 2021-2026       

                              Exhibit 38:  North America – Market size and forecast 2021-2026 (million tons)

                              Exhibit 39:  North America – Year-over-year growth 2021-2026 (%)

               7.7     South America – Market size and forecast 2021-2026       

                              Exhibit 40:  South America – Market size and forecast 2021-2026 (million tons)

                              Exhibit 41:  South America – Year-over-year growth 2021-2026 (%)

               7.8     Key leading countries     

                              Exhibit 42:  Key leading countries

               7.9     Market opportunity by geography           

                              Exhibit 43:  Market opportunity by geography (million tons)

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1    Growth in global oil and gas logistics market

                              8.1.2    Rise in international seaborne trade

                              8.1.3    Increase in LNG tanker transportation

               8.2 Market challenges              

                              8.2.1    Fluctuation in Baltic dry index

                              8.2.2    Imbalance in demand and supply of tankers

                              8.2.3    Growing regulations on marine transportation

                              Exhibit 44:  Impact of drivers and challenges

               8.3 Market trends      

                              8.3.1    Advances in propulsion system of tankers

                              8.3.2    Increase in use of fleet management system

                              8.3.3    Consolidation in global tanker shipping market

9. Vendor Landscape                            

               9.1     Overview            

                              Exhibit 45:  Vendor landscape

               9.2     Landscape disruption     

                              Exhibit 46:  Landscape disruption

                              Exhibit 47:  Industry risks

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 48:  Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 49:  Market positioning of vendors

               10.3   AET Tanker Holdings Sdn. Bhd.  

                              Exhibit 50:  AET Tanker Holdings Sdn. Bhd. – Overview

                              Exhibit 51:  AET Tanker Holdings Sdn. Bhd. – Product and service

                              Exhibit 52:  AET Tanker Holdings Sdn. Bhd. – Key offerings

               10.4   Bahri     

                              Exhibit 53:  Bahri – Overview

                              Exhibit 54:  Bahri – Business segments

                              Exhibit 55:  Bahri – Key offerings

                              Exhibit 56:  Bahri – Segment focus

               10.5   COSCO SHIPPING Holdings Co. Ltd.          

                              Exhibit 57:  COSCO SHIPPING Holdings Co. Ltd. – Overview

                              Exhibit 58:  COSCO SHIPPING Holdings Co. Ltd. – Business segments

                              Exhibit 59:  COSCO SHIPPING Holdings Co. Ltd. – Key offerings

                              Exhibit 60:  COSCO SHIPPING Holdings Co. Ltd. – Segment focus

               10.6   Euronav NV       

                              Exhibit 61:  Euronav NV – Overview

                              Exhibit 62:  Euronav NV – Business segments

                              Exhibit 63:  Euronav NV – Key News

                              Exhibit 64:  Euronav NV – Key offerings

                              Exhibit 65:  Euronav NV – Segment focus

               10.7   FRONTLINE Ltd.

                              Exhibit 66:  FRONTLINE Ltd. – Overview

                              Exhibit 67:  FRONTLINE Ltd. – Product and service

                              Exhibit 68:  FRONTLINE Ltd. – Key News

                              Exhibit 69:  FRONTLINE Ltd. – Key offerings

               10.8   International Seaways Inc.          

                              Exhibit 70:  International Seaways Inc. – Overview

                              Exhibit 71:  International Seaways Inc. – Business segments

                              Exhibit 72:  International Seaways Inc. – Key News

                              Exhibit 73:  International Seaways Inc. – Key offerings

                              Exhibit 74:  International Seaways Inc. – Segment focus

               10.9   Mitsui O.S.K. Lines Ltd.

                              Exhibit 75:  Mitsui O.S.K. Lines Ltd. – Overview

                              Exhibit 76:  Mitsui O.S.K. Lines Ltd. – Business segments

                              Exhibit 77:  Mitsui O.S.K. Lines Ltd. – Key offerings

                              Exhibit 78:  Mitsui O.S.K. Lines Ltd. – Segment focus

               10.10 Ocean Tankers Pte Ltd.

                              Exhibit 79:  Ocean Tankers Pte Ltd. – Overview

                              Exhibit 80:  Ocean Tankers Pte Ltd. – Product and service

                              Exhibit 81:  Ocean Tankers Pte Ltd. – Key offerings

               10.11 Sovcomflot       

                              Exhibit 82:  Sovcomflot – Overview

                              Exhibit 83:  Sovcomflot – Product and service

                              Exhibit 84:  Sovcomflot – Key offerings

               10.12 Teekay Corp.    

                              Exhibit 85:  Teekay Corp. – Overview

                              Exhibit 86:  Teekay Corp. – Product and service

                              Exhibit 87:  Teekay Corp. – Key offerings

11. Appendix                           

               11.1 Scope of the report         

                              11.1.1 ????Market definition

                              11.1.2 Objective

                              11.1.3 Notes and caveats

               11.2 Currency conversion rates for US$            

                              Exhibit 88:  Currency conversion rates for US$

               11.3 Research Methodology   

                              Exhibit 89:  Research Methodology

                              Exhibit 90:  Validation techniques employed for market sizing

                              Exhibit 91:  Information sources

               11.4 List of abbreviations        

                              Exhibit 92:  List of abbreviations

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