Liquified Petroleum Gas (LPG) Tanker Market by Application, Type, and Geography - Forecast and Analysis 2023-2027
| Published: Oct 2023 | Pages: 150 | SKU: IRTNTR75223 |
Liquified Petroleum Gas (LPG) Tanker Market Forecast 2023-2027
The Liquified Petroleum Gas (LPG) Tanker Market size is forecasted to increase by USD 61.19 million, at a CAGR of 3.81% between 2022 and 2027. Market expansion hinges on several key factors, notably the augmented supply of natural gas, spurred by advancements in extraction technologies. Additionally, robust government backing for liquefied petroleum gas (LPG) adoption amplifies market growth prospects. Furthermore, the escalating transportation of LPG via tanker vessels bolsters market dynamics, facilitating efficient distribution networks. These factors collectively underscore the pivotal role of regulatory support, technological innovations, and logistical infrastructure enhancements in driving the growth trajectory of the LPG market. As demand continues to surge, stakeholders must prioritize sustainable practices and infrastructure development to meet evolving consumer needs. Furthermore, the report includes historic market data from 2017 to 2021.
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Market Segmentation
The semi refrigerated segment, propelled by the increased focus on the production of shale gas and the adoption of horizontal drilling methods to extract resources from shale rock formations, has witnessed significant growth. This growth is further supported by the reduced cost of transportation facilitated by Type C tanks used in liquified petroleum gas (LPG) tankers. However, the segment faces challenges due to the instability in crude oil prices, which impact liquefied petroleum gas demand, leading to fluctuations in market dynamics. Further, this market report extensively covers market segmentation by application (residential and commercial), type (very large gas carrier, large gas carrier, medium gas carrier, and small gas carrier), and geography (Europe, North America, APAC, South America, and Middle East and Africa).
By Application
The market share by the residential segment will be significant during the forecast period. Residential end-users include households, apartments, and private homes that consume LPG. In the residential sector, LPG is a highly versatile source of energy and can be used across a wide range of applications, such as water and space heating and cooling. In developing countries, LPG is used for lighting where electricity is unavailable, while in developed countries, LPG is used for outdoor activities such as barbecues and camping. As LPG-fired electricity is cleaner, it is preferred by residential end-users.
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The residential segment was valued at USD 164.94 million in 2017. LPG has various economic and environmental advantages over other fuels. The use of LPG in the residential sector is high. It has a high calorific value in liquid form, which reduces transportation costs. Therefore, LPG is convenient to handle when compared to other oil-based fuels, coal, and wood. LPG is a clean-burning fuel and can be used in direct contact with food without any risk of contamination. Hence, the benefits of using LPG as well as government initiatives to promote the same are expected to drive the growth of the residential segment of the global market during the forecast period.
By Region
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Europe is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the market in the region is attributed to factors such as the growth in the production of petroleum products and imports of crude oil. The transport sector is heavily dependent on oil products. In May 2021, oil traders provisionally booked around six tankers to ship gasoline from Europe to US destinations. Such developments are expected to drive the growth of the market in Europe during the forecast period. The regional market is dominated by Western Europe and Russia, driven by numerous oil and gas exploration projects in the North Sea. For instance, BP PLC invested USD 150 billion in May 2022 to develop the Murlach oil field in the North Sea by 2025. Such projects will drive the growth of the market in the region during the forecast period.
Market Dynamics and Customer Landscape
The market is experiencing fluctuations due to crude oil price volatility and the expansion of hydraulic fracturing. With the rise of shale gas and the growth of petrochemical industries, there's a renewed focus on LPG transportation. Companies like Exmar and initiatives like Flanders Innovation are driving recovery in the market, leading to increased orders for LPG vessels. Efforts to reduce CO2 emissions through improved refrigeration and pressurization systems highlight the industry's commitment to sustainability amidst growing demand for ammonia and ethylene. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
The increase in the supply of natural gas is notably driving market expansion. Natural gas is the fastest-growing fossil fuel, with a rise in the supply of coalbed methane, shale gas, and tight gas. Hence, the production of unconventional oil and gas resources such as natural gas has increased significantly in the global oil and gas industry. According to International Energy Agency (IEA), natural gas consumption grew from 3,630 billion cubic meters in 2016 to 4,000 bcm in 2022.
Further, according to IEA, natural gas production in the US accounted for 40% of global natural gas output growth from 2017 to 2022. The US produced 890 bcm or 22% of the global natural gas in 2022. Russia is the second-largest producer of natural gas in the world, and there is substantial under-utilized natural gas production capacity in the Yamal peninsula. Such initiatives will likely fuel the growth of the market growth throughout the forecast period.
Significant Market Trends
Technological advances is a key trend shaping market development. One of these advances is the development of cross-compound double-reduction steam turbines. These steam turbines are compact and take up less space in the ship engine room. Marine two-stroke diesel engines have replaced marine steam turbine engines, as they are more economical for commercial purposes.
Further, the introduction of the controllable pitch propeller (CPP) for running tanker ships is another technological advancement. This enables transporting more volume of goods using tankers. Innovation in the propulsion system can be attributed to the GDF SUEZ Global Energy and Provalys vessels. These vessels can be driven by dual-fuel diesel-electric propulsion systems. The propulsion system can utilize diesel, oil, and steam-boiled-off- gases, which enhances the vessel's efficiency by 25%-30% compared to conventional propulsion systems. Such technological advancements are expected to propel the development of the market during the forecast period.
Major Market Challenge
Fluctuations in crude oil prices may impede market growth. These fluctuations adversely impact the end-user industries of the market. As per the IEA, in October 2018, the average cost of crude oil was USD 73.6/bbl. However, in H1 2022, the average cost of crude oil reached more than USD 100/bbl.
Additionally, unexpected price fluctuations affect the market adversely. The recent frequent volatility in crude oil prices has also negatively impacted the petroleum industry. These fluctuations can lead to disruptions in the oil and gas industry, which will ultimately impact investments in the market. Thus, fluctuations in global crude oil prices will challenge the growth of the market during the forecast period.
Market Customer Landscape
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Who are the Major Market Players?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
DAE SUN SHIPBUILDING and ENGINEERING CO. LTD. - The company offers an LPG carrier that is designed to carry 3500 cubic meters of LPG fuel.
The research report also includes detailed analyses of the competitive landscape of the market and information about 16 market companies, including:
- Air and Gas Holdings Pty Ltd.
- Bosco India
- BW Group
- Dorian LPG Ltd.
- Exmar NV
- GLOBE GAS EQUIPMENTS INDUSTRY PVT. LTD.
- HD Hyundai Co. Ltd.
- Kawasaki Heavy Industries Ltd.
- Krison Engineering Works
- Kuwait Oil Tanker Co. SAK
- Mitsubishi Heavy Industries Ltd.
- Nakilat
- Namura Shipbuilding Co. Ltd.
- Solvang ASA
- StealthGas Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companiesas dominant, leading, strong, tentative, and weak.
Segment Overview
The market report forecasts market growth by revenue at global, regional, & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Application Outlook
- Residential
- Commercial
- Type Outlook
- Very large gas carrier
- Large gas carrier
- Medium gas carrier
- Small gas carrier
- Region Outlook
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Argentina
- Brazil
- Chile
- North America
Market Analyst Overview:
The market is experiencing significant growth, driven by the increasing focus on shale gas production and the renovation of existing fleets to meet the demand for liquefied petroleum gas (LPG). Vessels come in various sizes, including Very Large Gas Carriers (VLGC), Large Gas Carriers (LGC), medium gas carriers (MGC), and Small Gas Carriers (SGC), equipped with specialized cargo tanks like Type C tanks. The market is witnessing a surge in demand due to amplified prices of LPG and the rise in LPG trade, prompting the development of dual-fuel LPG carriers and the enhancement of refrigeration and pressurization systems. This growth is further fueled by the increasing export of domestic LPG and the need for LPG carriers to transport it over long distances.
Additionally, the market is witnessing dynamic developments as the industry focuses on renovating existing fleets to meet growing demands. Innovations like dual-fuel free VLGC tankers and advancements in tank insulation and refrigeration & pressurization systems cater to the increasing demand for liquefied petroleum gas (LPG) tankers. Factors such as volatile crude oil prices and the rise in LPG trade are driving the need for efficient transportation solutions over longer distances. With rapid industrialization and a surge in LPG exports, the market experiences steady growth, necessitating the adoption of separate cargo tanks and specialized vessel sizes to accommodate the diverse requirements of the industry.
Furthermore, The focus on the production of shale gas has led to an increased demand for Type C tank, especially considering the growing demand for liquefied petroleum gas tankers. This trend is further accentuated by the need for larger ship sizes and enhanced decompression capabilities, driven by the requirements of the steel industry and the production of oil and gas. However, weaker demand in certain markets may temper overall market growth. Further, ship size and vessel size have become crucial factors in the maritime industry, especially with new orders increasingly favoring dual-fuel LPG carriers equipped with additional freezing systems. These carriers come in various configurations, including cylindrical, conical, and spherical, catering to diverse market needs. With a rise in the demand for LPG, driven partly by low domestic production, smaller ship carriers are gaining prominence in fulfilling logistical requirements.
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Market Scope |
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Report Coverage |
Details |
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Page number |
150 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.81% |
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Market growth 2023-2027 |
USD 61.19 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.4 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 42% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Air and Gas Holdings Pty Ltd., Bosco India, BW Group, DAE SUN SHIPBUILDING and ENGINEERING CO. LTD., Dorian LPG Ltd., Exmar NV, GLOBE GAS EQUIPMENTS INDUSTRY PVT. LTD., HD Hyundai Co. Ltd., Kawasaki Heavy Industries Ltd., Krison Engineering Works, Kuwait Oil Tanker Co. SAK, Mitsubishi Heavy Industries Ltd., Nakilat, Namura Shipbuilding Co. Ltd., Solvang ASA, StealthGas Inc., STX Corp., The Great Eastern Shipping Co. Ltd., PT Pertamina Persero, and Teekay Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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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. |
What are the Key Data Covered in this Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
- Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
- Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global LPG tanker market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global LPG tanker market 2017 - 2021 ($ million)
- 4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Residential - Market size and forecast 2022-2027
- Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)
- 6.4 Commercial - Market size and forecast 2022-2027
- Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ million)
- Exhibit 43: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 44: Chart on Type - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
- 7.2 Comparison by Type
- Exhibit 46: Chart on Comparison by Type
- Exhibit 47: Data Table on Comparison by Type
- 7.3 Very large gas carrier - Market size and forecast 2022-2027
- Exhibit 48: Chart on Very large gas carrier - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Very large gas carrier - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Very large gas carrier - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Very large gas carrier - Year-over-year growth 2022-2027 (%)
- 7.4 Large gas carrier - Market size and forecast 2022-2027
- Exhibit 52: Chart on Large gas carrier - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Large gas carrier - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Large gas carrier - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Large gas carrier - Year-over-year growth 2022-2027 (%)
- 7.5 Medium gas carrier - Market size and forecast 2022-2027
- Exhibit 56: Chart on Medium gas carrier - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Medium gas carrier - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Medium gas carrier - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Medium gas carrier - Year-over-year growth 2022-2027 (%)
- 7.6 Small gas carrier - Market size and forecast 2022-2027
- Exhibit 60: Chart on Small gas carrier - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Small gas carrier - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Small gas carrier - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Small gas carrier - Year-over-year growth 2022-2027 (%)
- 7.7 Market opportunity by Type
- Exhibit 64: Market opportunity by Type ($ million)
- Exhibit 65: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 67: Chart on Market share by geography 2022-2027 (%)
- Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2022-2027
- Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 Germany - Market size and forecast 2022-2027
- Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.10 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.11 France - Market size and forecast 2022-2027
- Exhibit 103: Chart on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on France - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.12 Japan - Market size and forecast 2022-2027
- Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 111: Market opportunity by geography ($ million)
- Exhibit 112: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 116: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 117: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification
- 12.3 BW Group
- Exhibit 119: BW Group - Overview
- Exhibit 120: BW Group - Product / Service
- Exhibit 121: BW Group - Key offerings
- 12.4 DAE SUN SHIPBUILDING and ENGINEERING CO. LTD.
- Exhibit 122: DAE SUN SHIPBUILDING and ENGINEERING CO. LTD. - Overview
- Exhibit 123: DAE SUN SHIPBUILDING and ENGINEERING CO. LTD. - Product / Service
- Exhibit 124: DAE SUN SHIPBUILDING and ENGINEERING CO. LTD. - Key offerings
- 12.5 Dorian LPG Ltd.
- Exhibit 125: Dorian LPG Ltd. - Overview
- Exhibit 126: Dorian LPG Ltd. - Product / Service
- Exhibit 127: Dorian LPG Ltd. - Key offerings
- 12.6 Exmar NV
- Exhibit 128: Exmar NV - Overview
- Exhibit 129: Exmar NV - Business segments
- Exhibit 130: Exmar NV - Key offerings
- Exhibit 131: Exmar NV - Segment focus
- 12.7 HD Hyundai Co. Ltd.
- Exhibit 132: HD Hyundai Co. Ltd. - Overview
- Exhibit 133: HD Hyundai Co. Ltd. - Business segments
- Exhibit 134: HD Hyundai Co. Ltd. - Key news
- Exhibit 135: HD Hyundai Co. Ltd. - Key offerings
- Exhibit 136: HD Hyundai Co. Ltd. - Segment focus
- 12.8 Kawasaki Heavy Industries Ltd.
- Exhibit 137: Kawasaki Heavy Industries Ltd. - Overview
- Exhibit 138: Kawasaki Heavy Industries Ltd. - Business segments
- Exhibit 139: Kawasaki Heavy Industries Ltd. - Key news
- Exhibit 140: Kawasaki Heavy Industries Ltd. - Key offerings
- Exhibit 141: Kawasaki Heavy Industries Ltd. - Segment focus
- 12.9 Kuwait Oil Tanker Co. SAK
- Exhibit 142: Kuwait Oil Tanker Co. SAK - Overview
- Exhibit 143: Kuwait Oil Tanker Co. SAK - Product / Service
- Exhibit 144: Kuwait Oil Tanker Co. SAK - Key offerings
- 12.10 Mitsubishi Heavy Industries Ltd.
- Exhibit 145: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 146: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 147: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 148: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 149: Mitsubishi Heavy Industries Ltd. - Segment focus
- 12.11 Nakilat
- Exhibit 150: Nakilat - Overview
- Exhibit 151: Nakilat - Product / Service
- Exhibit 152: Nakilat - Key offerings
- 12.12 Namura Shipbuilding Co. Ltd.
- Exhibit 153: Namura Shipbuilding Co. Ltd. - Overview
- Exhibit 154: Namura Shipbuilding Co. Ltd. - Product / Service
- Exhibit 155: Namura Shipbuilding Co. Ltd. - Key offerings
- 12.13 PT Pertamina Persero
- Exhibit 156: PT Pertamina Persero - Overview
- Exhibit 157: PT Pertamina Persero - Business segments
- Exhibit 158: PT Pertamina Persero - Key offerings
- Exhibit 159: PT Pertamina Persero - Segment focus
- 12.14 StealthGas Inc.
- Exhibit 160: StealthGas Inc. - Overview
- Exhibit 161: StealthGas Inc. - Product / Service
- Exhibit 162: StealthGas Inc. - Key offerings
- 12.15 STX Corp.
- Exhibit 163: STX Corp. - Overview
- Exhibit 164: STX Corp. - Product / Service
- Exhibit 165: STX Corp. - Key offerings
- 12.16 Teekay Corp.
- Exhibit 166: Teekay Corp. - Overview
- Exhibit 167: Teekay Corp. - Product / Service
- Exhibit 168: Teekay Corp. - Key offerings
- 12.17 The Great Eastern Shipping Co. Ltd.
- Exhibit 169: The Great Eastern Shipping Co. Ltd. - Overview
- Exhibit 170: The Great Eastern Shipping Co. Ltd. - Product / Service
- Exhibit 171: The Great Eastern Shipping Co. Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 172: Inclusions checklist
- Exhibit 173: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 174: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 175: Research methodology
- Exhibit 176: Validation techniques employed for market sizing
- Exhibit 177: Information sources
- 13.5 List of abbreviations
- Exhibit 178: List of abbreviations
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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lpg tanker market
Key Questions Answered
- What are the key global market and the regional market share?
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- 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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