Global LPG Tanker Market 2019-2023
- Published: Nov 2018
- Pages: 129
- SKU: IRTNTR30312
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The global LPG tanker market size will grow by USD 235.96 million during 2019-2023. The market’s growth momentum is expected to accelerate throughout the forecast period because of the steady increase in the year-over-year growth. This industry research report provides a detailed analysis of the market based on technology (fully refrigerated, semi-refrigerated, and fully pressurized) and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several LPG tanker companies including DSME, Hyundai Heavy Industries, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Nakilat and Teekay LNG Partners.
Below are some of the key findings from this LPG tanker market analysis report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global LPG tanker industry overview
The rise in demand for natural gas is driving the global LPG tanker market. The demand for natural gas is rising rapidly globally because of the policies by various regulatory bodies to reduce the GHG emissions and substitution of coal with natural gas. Moreover, the increase in demand for natural gas is also driven by rapid economic growth and an increase in efforts to improve air quality. Owing to the rising demand for LPG, the demand for transporting it to various countries is also rising, which in turn, is driving the LPG tanker market.
Also, the growth in LPG fleet consolidation is positively impacting the global LPG tanker market. Technological integration backed with evolving market conditions has compelled vendors to alter and restructure their operational tactics in the oil and gas market, leading to market consolidation. With the rise in LPG fleet consolidation, end-users can operate more efficiently, with an increased level of utilization, and more efficient deployment across various regions. The rise in demand for natural gas coupled with an increase in LPG fleet consolidation is driving the LPG tanker market growth at a CAGR of more than 4% during the forecast period.
Top LPG tanker companies covered in this market research report
The global LPG tanker market is highly fragmented. The market is in the initial stage of the growth phase and the competition is expected to become more intense by the end of the forecast period. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this LPG tanker market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.
The report offers a detailed analysis of several leading LPG tanker companies, including:
- DSME
- Hyundai Heavy Industries
- Kawasaki Heavy Industries
- Mitsubishi Heavy Industries
- Nakilat
- Teekay LNG Partners
LPG tanker market segmentation based on technology
- Fully refrigerated
- Semi-refrigerated
- Fully pressurized
Fully refrigerated tankers were the dominating technology of the global LPG tanker market in 2018, owing to the increasing volume of US Gulf shipments, significant Middle East exports, and the strong demand for LPG in Asian countries. The market share of this segment will increase, and it will continue to dominate the market throughout the next five years.
LPG tanker market segmentation based on region
- The Americas
- APAC
- EMEA
APAC accounted for the largest LPG tanker market share in 2018, owing to the increasing demand for LPG from the residential and transportation sector. APAC will witness an increase in its market share and remain the market leader for the next five years.
Key highlights of the global LPG tanker market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the LPG tanker market during the next five years
- Precise estimation of the global LPG tanker market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the LPG tanker industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of LPG tanker companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
- Market segmentation by technology
- Comparison by technology
- Fully refrigerated - Market size and forecast 2018-2023
- Semi-refrigerated - Market size and forecast 2018-2023
- Fully pressurized - Market size and forecast 2018-2023
- Market opportunity by technology
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Rise in LPG fleet consolidation
- Increase in adoption of IoT for LPG fleet management
- Development of efficient LPG tankers
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- DSME
- Hyundai Heavy Industries
- Kawasaki Heavy Industries
- Mitsubishi Heavy Industries
- Nakilat
- Teekay LNG Partners
PART 14: APPENDIX
- Research methodology
- List of abbreviations
PART 15: EXPLORE TECHNAVIO
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
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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