Global Crude Oil Carriers Market to Reach $254 Billion by 2030
The global market for Crude Oil Carriers estimated at US$197.3 Billion in the year 2022, is projected to reach a revised size of US$254 Billion by 2030, growing at a CAGR of 3.2% over the analysis period 2022-2030. VLCC / ULCC, one of the segments analyzed in the report, is projected to record 3.5% CAGR and reach US$163.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Aframax segment is readjusted to a revised 2.6% CAGR for the next 8-year period.The U.S. Market is Estimated at $58.1 Billion, While China is Forecast to Grow at 3% CAGR
The Crude Oil Carriers market in the U.S. is estimated at US$58.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$44.8 Billion by the year 2030 trailing a CAGR of 3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.Select Competitors (Total 47 Featured) -
- AET Technologies
- Bahri
- Euronav NV
- Frontline Ltd.
- Maran Tankers Management
- Mitsui O.S.K. Lines, Ltd.
- National Iranian Tanker Company
- NYK Line
- Ocean Tankers (Pte) Ltd.
- Oman Shipping Company SAOC
- OSG Ship Management, Inc.
- PAO Sovcomflot
- Teekay Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AET Technologies
- Bahri
- Euronav NV
- Frontline Ltd.
- Maran Tankers Management
- Mitsui O.S.K. Lines, Ltd.
- National Iranian Tanker Company
- NYK Line
- Ocean Tankers (Pte) Ltd.
- Oman Shipping Company SAOC
- OSG Ship Management, Inc.
- PAO Sovcomflot
- Teekay Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 247 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 197.3 Billion |
Forecasted Market Value ( USD | $ 254 Billion |
Compound Annual Growth Rate | 3.2% |
Regions Covered | Global |