Bunker Oil Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR45371

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 Bunker Oil Market - 2021-2025

The bunker oil market size is expected to reach a value of 79.59 million tons at a CAGR of 4.68%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as increasing naval expenditure are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Bunker Oil Market Size

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Bunker Oil Market Segments

Navigate through market segmentation by product (residual fuel and distillate fuel) and geography (APAC, Europe, North America, MEA, and South America) in this bunker oil market report to pursue growth opportunities.

Get actionable insights on the bunker oil market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic bunker oil market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Bunker Oil Market Vendors and Competitive Analysis

The bunker oil market is fragmented and the vendors are deploying growth strategies such as focusing on M&A and joint ventures to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full bunker oil market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Bunker Oil Market Vendors

Bunker Oil Market - Region Opportunities 2021-2025

43% of the bunker oil market growth will originate from APAC during the forecast period. Singapore and China are the key markets for bunker oil market in APAC. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Bunker Oil Market Share by Geography

APAC has been exhibiting a significant growth rate for bunker oil market vendors. Factors such as the increasing fuel demand in China and India are accelerating the bunker oil market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The bunker oil market share growth in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Bunker Oil Market Insights by Product

Bunker Oil Market Share by Product

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The bunker oil market share growth by the residual fuel segment will be significant during the forecast period. The demand from smaller vessels such as barges for distillate fuel will drive the distillate fuel segment growth during 2021-2025. This report provides an accurate prediction of the contribution of all the segments to the growth of the bunker oil market size.

From the bunker oil market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Bunker Oil Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding bunker oil market growth is fluctuations in oil and gas prices. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

In the current scenario, the external threats that any country face pertains to security issues. To combat this, governments in various countries are increasing their spending to raise the defense capacities of their countries. The overall naval spending has witnessed a significant increase. The global military expenditure is likely to increase during 2021-2025. Most of the naval ships perform patrolling operations around the globe apart from their littoral zones. In addition, they are also conducting joint naval exercises as well as rescue operations in times of natural calamities. The increase in naval spending, as well as operational activities, will boost the growth of the global bunker oil market.

This bunker oil market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

 

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Bunker Oil Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bunker oil market growth during the next five years
  • Precise estimation of the bunker oil market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bunker oil market across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bunker oil market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The bunker oil market growth will increase by $104.44 million MT during 2019-2024.
The bunker oil market is expected to grow at a CAGR of 4.33% during 2019-2024.
Technavio has segmented the bunker oil market by product (Residual fuel and Distillate fuel) and geographic (APAC, Europe, North America, MEA, and South America).
BP Plc, Chevron Corp., Exxon Mobil Corp., Hindustan Petroleum Corp. Ltd., Marquard & Bahls AG, PetroChina Co. Ltd., Public Joint Stock Company Gazprom, Royal Dutch Shell Plc, Total SA, Toyota Tsusho Petroleum Pte. Ltd. are a few of the key vendors in the bunker oil market.
APAC will register the highest growth rate of 43.03% among the other regions. Therefore, the bunker oil market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • Singapore
  • US
  • China
  • UAE
  • The Netherlands
The key factors driving the bunker oil market growth are:
  • Increasing naval expenditure
The bunker oil market vendors should focus on grabbing business opportunities from the residual fuel segment as it accounted for the largest market share in the base year.
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