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Global Crude Oil Carriers Industry

Global Crude Oil Carriers Industry

  • Publish Date:October 2022

  • Number of Pages:247

  • Report ID:5900548

  • Format:PDF

  • Publisher:Global Industry Analysts

$ 4950

Summary

Abstract:

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Global Crude Oil Carriers Market to Reach $223.8 Billion by 2027

In the changed post COVID-19 business landscape, 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 record a 3.5% CAGR and reach US$144.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Suezmax segment is readjusted to a revised 3.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $52.4 Billion, While China is Forecast to Grow at 3.1% CAGR

The Crude Oil Carriers market in the U.S. is estimated at US$52.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$39.9 Billion by the year 2027 trailing a CAGR of 3.1% over the analysis period 2020 to 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.

Aframax Segment to Record 2.8% CAGR

In the global Aframax segment, USA, Canada, Japan, China and Europe will drive the 2.8% 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.

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

Table of contents

I. METHODOLOGY

II. 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 PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
Table 1: 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 2020 through
2027 and % CAGR

Table 2: 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 2012 through 2019 and
% CAGR

Table 3: World 15-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 2012, 2021 & 2027

Table 4: 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 2020 through
2027 and % CAGR

Table 5: 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 2012 through 2019 and % CAGR

Table 6: World 15-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
2012, 2021 & 2027

Table 7: 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 2020 through
2027 and % CAGR

Table 8: 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 2012 through 2019 and % CAGR

Table 9: World 15-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
2012, 2021 & 2027

Table 10: 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 2020 through
2027 and % CAGR

Table 11: 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 2012 through 2019 and % CAGR

Table 12: World 15-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
2012, 2021 & 2027

Table 13: World Recent Past, Current & Future Analysis for
Panamax 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 2020 through
2027 and % CAGR

Table 14: World Historic Review for Panamax 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 2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for Panamax by Geographic
Region - Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2012, 2021 & 2027

Table 16: World Crude Oil Carriers Market Analysis of Annual
Sales in US$ Million for Years 2012 through 2027

III. MARKET ANALYSIS

UNITED STATES
Crude Oil Carriers Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in the United States for 2022 (E)
Table 17: USA Recent Past, Current & Future Analysis for Crude
Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax and
Panamax - Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 18: USA Historic Review for Crude Oil Carriers by Segment -
VLCC/ULCC, Suezmax, Aframax and Panamax Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 19: USA 15-Year Perspective for Crude Oil Carriers by
Segment - Percentage Breakdown of Value Sales for VLCC/ULCC,
Suezmax, Aframax and Panamax for the Years 2012, 2021 & 2027

CANADA
Table 20: Canada Recent Past, Current & Future Analysis for
Crude Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax and
Panamax - Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 21: Canada Historic Review for Crude Oil Carriers by
Segment - VLCC/ULCC, Suezmax, Aframax and Panamax Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 22: Canada 15-Year Perspective for Crude Oil Carriers by
Segment - Percentage Breakdown of Value Sales for VLCC/ULCC,
Suezmax, Aframax and Panamax for the Years 2012, 2021 & 2027

JAPAN
Crude Oil Carriers Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Japan for 2022 (E)
Table 23: Japan Recent Past, Current & Future Analysis for
Crude Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax and
Panamax - Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 24: Japan Historic Review for Crude Oil Carriers by
Segment - VLCC/ULCC, Suezmax, Aframax and Panamax Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 25: Japan 15-Year Perspective for Crude Oil Carriers by
Segment - Percentage Breakdown of Value Sales for VLCC/ULCC,
Suezmax, Aframax and Panamax for the Years 2012, 2021 & 2027

CHINA
Crude Oil Carriers Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in China for 2022 (E)
Table 26: China Recent Past, Current & Future Analysis for
Crude Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax and
Panamax - Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 27: China Historic Review for Crude Oil Carriers by
Segment - VLCC/ULCC, Suezmax, Aframax and Panamax Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 28: China 15-Year Perspective for Crude Oil Carriers by
Segment - Percentage Breakdown of Value Sales for VLCC/ULCC,
Suezmax, Aframax and Panamax for the Years 2012, 2021 & 2027

EUROPE
Crude Oil Carriers Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Europe for 2022 (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 2020 through 2027 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 2012 through 2019 and % CAGR

Table 31: Europe 15-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
2012, 2021 & 2027

Table 32: Europe Recent Past, Current & Future Analysis for
Crude Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax and
Panamax - Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 33: Europe Historic Review for Crude Oil Carriers by
Segment - VLCC/ULCC, Suezmax, Aframax and Panamax Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 34: Europe 15-Year Perspective for Crude Oil Carriers by
Segment - Percentage Breakdown of Value Sales for VLCC/ULCC,
Suezmax, Aframax and Panamax for the Years 2012, 2021 & 2027

FRANCE
Crude Oil Carriers Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in France for 2022 (E)
Table 35: France Recent Past, Current & Future Analysis for
Crude Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax and
Panamax - Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 36: France Historic Review for Crude Oil Carriers by
Segment - VLCC/ULCC, Suezmax, Aframax and Panamax Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 37: France 15-Year Perspective for Crude Oil Carriers by
Segment - Percentage Breakdown of Value Sales for VLCC/ULCC,
Suezmax, Aframax and Panamax for the Years 2012, 2021 & 2027

GERMANY
Crude Oil Carriers Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Germany for 2022 (E)
Table 38: Germany Recent Past, Current & Future Analysis for
Crude Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax and
Panamax - Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 39: Germany Historic Review for Crude Oil Carriers by
Segment - VLCC/ULCC, Suezmax, Aframax and Panamax Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 40: Germany 15-Year Perspective for Crude Oil Carriers by
Segment - Percentage Breakdown of Value Sales for VLCC/ULCC,
Suezmax, Aframax and Panamax for the Years 2012, 2021 & 2027

ITALY
Table 41: Italy Recent Past, Current & Future Analysis for
Crude Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax and
Panamax - Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 42: Italy Historic Review for Crude Oil Carriers by
Segment - VLCC/ULCC, Suezmax, Aframax and Panamax Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 43: Italy 15-Year Perspective for Crude Oil Carriers by
Segment - Percentage Breakdown of Value Sales for VLCC/ULCC,
Suezmax, Aframax and Panamax for the Years 2012, 2021 & 2027

UNITED KINGDOM
Crude Oil Carriers Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in the United Kingdom for 2022 (E)
Table 44: UK Recent Past, Current & Future Analysis for Crude
Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax and
Panamax - Independent Analysis of Annual Sales in US$ Million
for the Years 2020 through 2027 and % CAGR

Table 45: UK Historic Review for Crude Oil Carriers by Segment -
VLCC/ULCC, Suezmax, Aframax and Panamax Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 46: UK 15-Year Perspective for Crude Oil Carriers by
Segment - Percentage Breakdown of Value Sales for VLCC/ULCC,
Suezmax, Aframax and Panamax for the Years 2012, 2021 & 2027

REST OF EUROPE
Table 47: Rest of Europe Recent Past, Current & Future Analysis
for Crude Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax
and Panamax - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 48: Rest of Europe Historic Review for Crude Oil Carriers
by Segment - VLCC/ULCC, Suezmax, Aframax and Panamax Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 49: Rest of Europe 15-Year Perspective for Crude Oil
Carriers by Segment - Percentage Breakdown of Value Sales for
VLCC/ULCC, Suezmax, Aframax and Panamax for the Years 2012,
2021 & 2027

ASIA-PACIFIC
Crude Oil Carriers Market Presence - Strong/Active/Niche/
Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Table 50: Asia-Pacific Recent Past, Current & Future Analysis
for Crude Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax
and Panamax - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 51: Asia-Pacific Historic Review for Crude Oil Carriers
by Segment - VLCC/ULCC, Suezmax, Aframax and Panamax Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 52: Asia-Pacific 15-Year Perspective for Crude Oil
Carriers by Segment - Percentage Breakdown of Value Sales for
VLCC/ULCC, Suezmax, Aframax and Panamax for the Years 2012,
2021 & 2027

REST OF WORLD
Table 53: Rest of World Recent Past, Current & Future Analysis
for Crude Oil Carriers by Segment - VLCC/ULCC, Suezmax, Aframax
and Panamax - Independent Analysis of Annual Sales in US$
Million for the Years 2020 through 2027 and % CAGR

Table 54: Rest of World Historic Review for Crude Oil Carriers
by Segment - VLCC/ULCC, Suezmax, Aframax and Panamax Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 55: Rest of World 15-Year Perspective for Crude Oil
Carriers by Segment - Percentage Breakdown of Value Sales for
VLCC/ULCC, Suezmax, Aframax and Panamax for the Years 2012,
2021 & 2027

IV. COMPETITION

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.