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Crude Oil Carriers - Global Market Trajectory & Analytics

  • ID: 5030553
  • Report
  • July 2020
  • Region: Global
  • 137 pages
  • Global Industry Analysts, Inc
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Global Crude Oil Carriers Market to Reach US$223.8 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Crude Oil Carriers estimated at US$178.2 Billion in the year 2020, is projected to reach a revised size of US$223.8 Billion by 2027, growing at a CAGR of 3.3% over the analysis period 2020-2027.VLCC/ULCC, one of the segments analyzed in the report, is projected to grow at a 3.5% CAGR to reach US$144.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Suezmax segment is readjusted to a revised 3.2% CAGR for the next 7-year period. This segment currently accounts for a 14.3% share of the global Crude Oil Carriers market.

The U. S. Accounts for Over 29.4% of Global Market Size in 2020, While China is Forecast to Grow at a 3.1% CAGR for the Period of 2020-2027

The Crude Oil Carriers market in the U. S. is estimated at US$52.4 Billion in the year 2020. The country currently accounts for a 29.41% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$39.9 Billion in the year 2027 trailing a CAGR of 3.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR while Rest of European market (as defined in the study) will reach US$39.9 Billion by the year 2027.

Aframax Segment Corners a 19% Share in 2020

In the global Aframax segment, USA, Canada, Japan, China and Europe will drive the 2.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$27.1 Billion in the year 2020 will reach a projected size of US$33.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$24.9 Billion by the year 2027.The publisher brings years of research experience to this 6th edition of our report. The 137-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • 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

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Crude Oil Carriers Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Crude Oil Carriers Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Crude Oil Carriers Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Crude Oil Carriers Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: VLCC/ULCC (Segment) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: VLCC/ULCC (Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: VLCC/ULCC (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Suezmax (Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Suezmax (Segment) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Suezmax (Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Aframax (Segment) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Aframax (Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Aframax (Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Panamax (Segment) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 14: Panamax (Segment) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
TABLE 15: Panamax (Segment) Market Share Breakdown by Region/Country:2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Crude Oil Carriers Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 16: United States Crude Oil Carriers Market Estimates and Projections in US$ Million by Segment: 2020 to 2027
TABLE 17: Crude Oil Carriers Market in the United States by Segment: A Historic Review in US$ Million for 2012-2019
TABLE 18: United States Crude Oil Carriers Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

CANADA

TABLE 19: Canadian Crude Oil Carriers Market Estimates and Forecasts in US$ Million by Segment: 2020 to 2027
TABLE 20: Canadian Crude Oil Carriers Historic Market Review by Segment in US$ Million: 2012-2019
TABLE 21: Crude Oil Carriers Market in Canada: Percentage Share Breakdown of Sales by Segment for 2012, 2020, and 2027

JAPAN

TABLE 22: Japanese Market for Crude Oil Carriers: Annual Sales Estimates and Projections in US$ Million by Segment for the Period 2020-2027
TABLE 23: Crude Oil Carriers Market in Japan: Historic Sales Analysis in US$ Million by Segment for the Period 2012-2019
TABLE 24: Japanese Crude Oil Carriers Market Share Analysis by Segment: 2012 VS 2020 VS 2027

CHINA

TABLE 25: Chinese Crude Oil Carriers Market Growth Prospects in US$ Million by Segment for the Period 2020-2027
TABLE 26: Crude Oil Carriers Historic Market Analysis in China in US$ Million by Segment: 2012-2019
TABLE 27: Chinese Crude Oil Carriers Market by Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE

Market Facts & Figures

European Crude Oil Carriers Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 28: European Crude Oil Carriers Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 29: Crude Oil Carriers Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 30: European Crude Oil Carriers Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 31: European Crude Oil Carriers Market Estimates and Forecasts in US$ Million by Segment: 2020-2027
TABLE 32: Crude Oil Carriers Market in Europe in US$ Million by Segment: A Historic Review for the Period 2012-2019
TABLE 33: European Crude Oil Carriers Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

FRANCE

TABLE 34: Crude Oil Carriers Market in France by Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 35: French Crude Oil Carriers Historic Market Scenario in US$ Million by Segment: 2012-2019
TABLE 36: French Crude Oil Carriers Market Share Analysis by Segment: 2012 VS 2020 VS 2027

GERMANY

TABLE 37: Crude Oil Carriers Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Segment for the Period 2020-2027
TABLE 38: German Crude Oil Carriers Historic Market Analysis in US$ Million by Segment: 2012-2019
TABLE 39: German Crude Oil Carriers Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

ITALY

TABLE 40: Italian Crude Oil Carriers Market Growth Prospects in US$ Million by Segment for the Period 2020-2027
TABLE 41: Crude Oil Carriers Historic Market Analysis in Italy in US$ Million by Segment: 2012-2019
TABLE 42: Italian Crude Oil Carriers Market by Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM

TABLE 43: United Kingdom Market for Crude Oil Carriers: Annual Sales Estimates and Projections in US$ Million by Segment for the Period 2020-2027
TABLE 44: Crude Oil Carriers Market in the United Kingdom: Historic Sales Analysis in US$ Million by Segment for the Period 2012-2019
TABLE 45: United Kingdom Crude Oil Carriers Market Share Analysis by Segment: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 46: Rest of Europe Crude Oil Carriers Market Estimates and Forecasts in US$ Million by Segment: 2020-2027
TABLE 47: Crude Oil Carriers Market in Rest of Europe in US$ Million by Segment: A Historic Review for the Period 2012-2019
TABLE 48: Rest of Europe Crude Oil Carriers Market Share Breakdown by Segment: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 49: Crude Oil Carriers Market in Asia-Pacific by Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 50: Asia-Pacific Crude Oil Carriers Historic Market Scenario in US$ Million by Segment: 2012-2019
TABLE 51: Asia-Pacific Crude Oil Carriers Market Share Analysis by Segment: 2012 VS 2020 VS 2027

REST OF WORLD

TABLE 52: Rest of World Crude Oil Carriers Market Estimates and Forecasts in US$ Million by Segment: 2020 to 2027
TABLE 53: Rest of World Crude Oil Carriers Historic Market Review by Segment in US$ Million: 2012-2019
TABLE 54: Crude Oil Carriers Market in Rest of World: Percentage Share Breakdown of Sales by Segment for 2012, 2020, and 2027

IV. COMPETITION

Total Companies Profiled: 47

Note: Product cover images may vary from those shown
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