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Crude Oil Carriers: Global Strategic Business Report

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    Report

  • 247 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030553

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

Frequently Asked Questions about the Global Market for Crude Oil Carriers

What is the estimated value of the Global Market for Crude Oil Carriers?

The Global Market for Crude Oil Carriers was estimated to be valued at $197.3 Billion in 2022.

What is the growth rate of the Global Market for Crude Oil Carriers?

The growth rate of the Global Market for Crude Oil Carriers is 3.2%, with an estimated value of $254 Billion by 2030.

What is the forecasted size of the Global Market for Crude Oil Carriers?

The Global Market for Crude Oil Carriers is estimated to be worth $254 Billion by 2030.

Who are the key companies in the Global Market for Crude Oil Carriers?

Key companies in the Global Market for Crude Oil Carriers include 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. and Oman Shipping Company SAOC.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Crude Oil Carriers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Crude Oil Carriers Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Crude Oil Carriers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 3: World Historic Review for Crude Oil Carriers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 4: World 16-Year Perspective for Crude Oil Carriers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for VLCC / ULCC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World Historic Review for VLCC / ULCC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 7: World 16-Year Perspective for VLCC / ULCC by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Aframax by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 9: World Historic Review for Aframax by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 10: World 16-Year Perspective for Aframax by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Suezmax by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 12: World Historic Review for Suezmax by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 13: World 16-Year Perspective for Suezmax by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Other Carrier Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 15: World Historic Review for Other Carrier Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 16: World 16-Year Perspective for Other Carrier Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Crude Oil Carriers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 17: USA Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 18: USA Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 19: USA 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • CANADA
  • Table 20: Canada Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: Canada Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 22: Canada 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • JAPAN
  • Crude Oil Carriers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 23: Japan Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 24: Japan Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 25: Japan 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • CHINA
  • Crude Oil Carriers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 26: China Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 27: China Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 28: China 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • EUROPE
  • Crude Oil Carriers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 29: Europe Recent Past, Current & Future Analysis for Crude Oil Carriers by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 30: Europe Historic Review for Crude Oil Carriers by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 31: Europe 16-Year Perspective for Crude Oil Carriers by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2023 & 2030
  • Table 32: Europe Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 33: Europe Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 34: Europe 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • FRANCE
  • Crude Oil Carriers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 35: France Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 36: France Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 37: France 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • GERMANY
  • Crude Oil Carriers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 38: Germany Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: Germany Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 40: Germany 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • ITALY
  • Table 41: Italy Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 42: Italy Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 43: Italy 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • UNITED KINGDOM
  • Crude Oil Carriers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 44: UK Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: UK Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 46: UK 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • REST OF EUROPE
  • Table 47: Rest of Europe Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 48: Rest of Europe Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 49: Rest of Europe 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • ASIA-PACIFIC
  • Crude Oil Carriers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 50: Asia-Pacific Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: Asia-Pacific Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 52: Asia-Pacific 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
  • REST OF WORLD
  • Table 53: Rest of World Recent Past, Current & Future Analysis for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 54: Rest of World Historic Review for Crude Oil Carriers by Carrier type - VLCC / ULCC, Aframax, Suezmax and Other Carrier Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 55: Rest of World 16-Year Perspective for Crude Oil Carriers by Carrier type - Percentage Breakdown of Value Sales for VLCC / ULCC, Aframax, Suezmax and Other Carrier Types for the Years 2014, 2023 & 2030
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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