Global Tank Container Shipping Market 2022-2026

The publisher has been monitoring the tank container shipping market and it is poised to grow by $195.98 mn during 2022-2026, accelerating at a CAGR of 5.06% during the forecast period. The report on the tank container shipping market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing seaborne trade, new exploration policies, and expansion of oil terminals.

The tank container shipping market analysis includes the end-user segment and geographic landscape.

The tank container shipping market is segmented as below:

By End-user

Oil and gas
Chemical
Others

By Geographical Landscape

APAC
Europe
North America
The Middle East and Africa
South America

This study identifies the growing LNG trade as one of the prime reasons driving the tank container shipping market growth during the next few years. Also, technological innovations driving productivity in the tank container shipping market and rising investments in chemical manufacturing facilities in emerging regions will lead to sizable demand in the market.

The report on the tank container shipping market covers the following areas:

Tank container shipping market sizing
Tank container shipping market forecast
Tank container shipping market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tank container shipping market vendors that include Amfico Agencies Pvt. Ltd., Bertschi AG, Bulkhaul Ltd., Danteco Industries BV, Den Hartogh Holding BV, Eagletainer Logistics Pte Ltd, Gruber GmbH and Co. KG, HOYER GmbH, Intermodal Tank Transport Inc., Lexzau Scharbau GmbH and Co. KG, M and S Logistics, Newport Tank, R.M.I. Global Logistics BV, Singamas Container Holdings Ltd., Stolt Nielsen Ltd., Sun Logistics, Suttons Transport Group Ltd, The Dana Companies, Van den Bosch Transporten BV, and VTG Aktiengesellschaft. Also, the tank container shipping market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

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 Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2. Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3. Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis

4.1 Five Forces Summary
Exhibit 17: Five forces analysis - Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user
5.3 Oil and gas - Market size and forecast 2021-2026
Exhibit 28: Chart on Oil and gas - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Oil and gas - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Oil and gas - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Oil and gas - Year-over-year growth 2021-2026 (%)
5.4 Chemical - Market size and forecast 2021-2026
Exhibit 32: Chart on Chemical - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Chemical - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Chemical - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Chemical - Year-over-year growth 2021-2026 (%)
5.5 Others - Market size and forecast 2021-2026
Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by End-user
Exhibit 40: Market opportunity by End-user ($ million)

6. Customer landscape

6.1 Customer landscape overview
Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
Exhibit 42: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 43: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 UK - Market size and forecast 2021-2026
Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.10 China - Market size and forecast 2021-2026
Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
7.11 Saudi Arabia - Market size and forecast 2021-2026
Exhibit 78: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
7.12 France - Market size and forecast 2021-2026
Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
7.13 India - Market size and forecast 2021-2026
Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 90: Market opportunity By Geographical Landscape ($ million)

8. Drivers, Challenges, and Trends

8.1 Market drivers
8.1.1 Growing seaborne trade
8.1.2 New exploration policies
8.1.3 Expansion of oil terminals
8.2 Market challenges
8.2.1 Increased use of alternative energy sources
8.2.2 High operational cost
8.2.3 Stringent regulations associated with chemical storage and transportation
8.3 Impact of drivers and challenges
Exhibit 91: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Growing LNG trade
8.4.2 Technological innovations driving productivity in tank container shipping market
8.4.3 Rising investments in chemical manufacturing facilities in emerging regions

9. Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 93: Overview on factors of disruption
9.4 Industry risks
Exhibit 94: Impact of key risks on business

10. Vendor Analysis

10.1 Vendors covered
Exhibit 95: Vendors covered
10.2 Market positioning of vendors
Exhibit 96: Matrix on vendor position and classification
10.3 Bertschi AG
Exhibit 97: Bertschi AG - Overview
Exhibit 98: Bertschi AG - Product/Service
Exhibit 99: Bertschi AG - Key offerings
10.4 Bulkhaul Ltd.
Exhibit 100: Bulkhaul Ltd. - Overview
Exhibit 101: Bulkhaul Ltd. - Product/Service
Exhibit 102: Bulkhaul Ltd. - Key offerings
10.5 Den Hartogh Holding BV
Exhibit 103: Den Hartogh Holding BV - Overview
Exhibit 104: Den Hartogh Holding BV - Product/Service
Exhibit 105: Den Hartogh Holding BV - Key offerings
10.6 Eagletainer Logistics Pte Ltd
Exhibit 106: Eagletainer Logistics Pte Ltd - Overview
Exhibit 107: Eagletainer Logistics Pte Ltd - Product/Service
Exhibit 108: Eagletainer Logistics Pte Ltd - Key offerings
10.7 Gruber GmbH and Co. KG
Exhibit 109: Gruber GmbH and Co. KG - Overview
Exhibit 110: Gruber GmbH and Co. KG - Product/Service
Exhibit 111: Gruber GmbH and Co. KG - Key offerings
10.8 HOYER GmbH
Exhibit 112: HOYER GmbH - Overview
Exhibit 113: HOYER GmbH - Business segments
Exhibit 114: HOYER GmbH - Key offerings
Exhibit 115: HOYER GmbH - Segment focus
10.9 Intermodal Tank Transport Inc.
&

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on End-user - Market share 2021-2026 (%)
Exhibits 25: Data Table on End-user - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by End-user
Exhibits 27: Data Table on Comparison by End-user
Exhibits 28: Chart on Oil and gas - Market size and forecast 2021-2026 ($ million)
Exhibits 29: Data Table on Oil and gas - Market size and forecast 2021-2026 ($ million)
Exhibits 30: Chart on Oil and gas - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Oil and gas - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Chemical - Market size and forecast 2021-2026 ($ million)
Exhibits 33: Data Table on Chemical - Market size and forecast 2021-2026 ($ million)
Exhibits 34: Chart on Chemical - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Chemical - Year-over-year growth 2021-2026 (%)
Exhibits 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibits 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibits 38: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibits 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
Exhibits 40: Market opportunity by End-user ($ million)
Exhibits 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 42: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 43: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 44: Chart on Geographic comparison
Exhibits 45: Data Table on Geographic comparison
Exhibits 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibits 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibits 72: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibits 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibits 76: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
Exhibits 79: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
Exhibits 80: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
Exhibits 82: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibits 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibits 84: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibits 85: Data Table on France - Year-over-year growth 2021-2026 (%)
Exhibits 86: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibits 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibits 88: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibits 89: Data Table on India - Year-over-year growth 2021-2026 (%)
Exhibits 90: Market opportunity By Geographical Landscape ($ million)
Exhibits 91: Impact of drivers and challenges in 2021 and 2026
Exhibits 92: Overview on Criticality of inputs and Factors of differentiation
Exhibits 93: Overview on factors of disruption
Exhibits 94: Impact of key risks on business
Exhibits 95: Vendors covered
Exhibits 96: Matrix on vendor position and classification
Exhibits 97: Bertschi AG - Overview
Exhibits 98: Bertschi AG - Product/Service
Exhibits 99: Bertschi AG - Key offerings
Exhibits 100: Bulkhaul Ltd. - Overview
Exhibits 101: Bulkhaul Ltd. - Product/Service
Exhibits 102: Bulkhaul Ltd. - Key offerings
Exhibits 103: Den Hartogh Holding BV - Overview
Exhibits 104: Den Hartogh Holding BV - Product/Service
Exhibits 105: Den Hartogh Holding BV - Key offerings
Exhibits 106: Eagletainer Logistics Pte Ltd - Overview
Exhibits 107: Eagletainer Logistics Pte Ltd - Product/Service
Exhibits 108: Eagletainer Logistics Pte Ltd - Key offerings
Exhibits 109: Gruber GmbH and Co. KG - Overview
Exhibits 110: Gruber GmbH and Co. KG - Product/Service
Exhibits 111: Gruber GmbH and Co. KG - Key offerings
Exhibits 112: HOYER GmbH - Overview
Exhibits 113: HOYER GmbH - Business segments
Exhibits 114: HOYER GmbH - Key offerings
Exhibits 115: HOYER GmbH - Segment focus
Exhibits 116: Intermodal Tank Transport Inc. - Overview
Exhibits 117: Intermodal Tank Transport Inc. - Product/Service
Exhibits 118: Intermodal Tank Transport Inc. - Key offerings
Exhibits 119: NewPort Tank - Overview
Exhibits 120: NewPort Tank - Business segments
Exhibits 121: NewPort Tank - Key offerings
Exhibits 122: NewPort Tank - Segment focus
Exhibits 123: Stolt Nielsen Ltd. - Overview
Exhibits 124: Stolt Nielsen Ltd. - Business segments
Exhibits 125: Stolt Nielsen Ltd. - Key offerings
Exhibits 126: Stolt Nielsen Ltd. - Segment focus
Exhibits 127: Suttons Transport Group Ltd - Overview
Exhibits 128: Suttons Transport Group Ltd - Product/Service
Exhibits 129: Suttons Transport Group Ltd - Key offerings
Exhibits 130: Inclusions checklist
Exhibits 131: Exclusions checklist
Exhibits 132: Currency conversion rates for US$
Exhibits 133: Research methodology
Exhibits 134: Validation techniques employed for market sizing
Exhibits 135: Information sources
Exhibits 136: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global tank container shipping market: Amfico Agencies Pvt. Ltd., Bertschi AG, Bulkhaul Ltd., Danteco Industries BV, Den Hartogh Holding BV, Eagletainer Logistics Pte Ltd, Gruber GmbH and Co. KG, HOYER GmbH, Intermodal Tank Transport Inc., Lexzau Scharbau GmbH and Co. KG, M and S Logistics, Newport Tank, R.M.I. Global Logistics BV, Singamas Container Holdings Ltd., Stolt Nielsen Ltd., Sun Logistics, Suttons Transport Group Ltd, The Dana Companies, Van den Bosch Transporten BV, and VTG Aktiengesellschaft.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing LNG trade."

According to the report, one of the major drivers for this market is the growing seaborne trade.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.