Product Code: IRTNTR72920
The LNG carriers market is forecasted to grow by USD 3600 bn during 2023-2028, accelerating at a CAGR of 4.62% during the forecast period. The report on the LNG carriers 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 regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in demand for natural gas, increase in supply of natural gas, and rise in LNG liquefication capacity.
Technavio's LNG carriers market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 4.23% |
CAGR | 4.62% |
Incremental Value | $3600bn |
By Type
By Geographical Landscape
- North America
- Middle East and Africa
- Europe
- APAC
- South America
This study identifies the increase in demand for cleaner fuels as one of the prime reasons driving the LNG carriers market growth during the next few years. Also, development of efficient LNG carriers and commoditization of LNG will lead to sizable demand in the market.
The report on the LNG carriers market covers the following areas:
- LNG carriers market sizing
- LNG carriers market forecast
- LNG carriers 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 LNG carriers market vendors that include BW Group, Dynagas Ltd., Flex LNG Ltd., GasLog Ltd., Gaztransport and Technigaz SA, Golar LNG Ltd., Hanwha Corp., Japan Marine United Corp., K Shipbuilding, Kawasaki Heavy Industries Ltd., Maran Gas Maritime Inc., Mitsubishi Heavy Industries Ltd., Mitsui and Co. Ltd., Nakilat, PETRONAS Chemicals Group Berhad, Samsung Heavy Industries Co. Ltd., Shell PLC, Teekay LNG Partners L.P, and Wartsila Corp.. Also, the LNG carriers 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 the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global LNG Carriers Market 2018 - 2022
- Historic Market Size - Data Table on Global LNG Carriers Market 2018 - 2022 ($ billion)
- 4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- 4.3 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.4 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
- 6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 6.3 Membrane - Market size and forecast 2023-2028
- Chart on Membrane - Market size and forecast 2023-2028 ($ billion)
- Data Table on Membrane - Market size and forecast 2023-2028 ($ billion)
- Chart on Membrane - Year-over-year growth 2023-2028 (%)
- Data Table on Membrane - Year-over-year growth 2023-2028 (%)
- 6.4 Moss - Market size and forecast 2023-2028
- Chart on Moss - Market size and forecast 2023-2028 ($ billion)
- Data Table on Moss - Market size and forecast 2023-2028 ($ billion)
- Chart on Moss - Year-over-year growth 2023-2028 (%)
- Data Table on Moss - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
7 Customer Landscape
- 7.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
- 8.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 8.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 8.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 8.4 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 8.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 8.6 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 8.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 8.8 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 8.9 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 8.10 Qatar - Market size and forecast 2023-2028
- Chart on Qatar - Market size and forecast 2023-2028 ($ billion)
- Data Table on Qatar - Market size and forecast 2023-2028 ($ billion)
- Chart on Qatar - Year-over-year growth 2023-2028 (%)
- Data Table on Qatar - Year-over-year growth 2023-2028 (%)
- 8.11 Greece - Market size and forecast 2023-2028
- Chart on Greece - Market size and forecast 2023-2028 ($ billion)
- Data Table on Greece - Market size and forecast 2023-2028 ($ billion)
- Chart on Greece - Year-over-year growth 2023-2028 (%)
- Data Table on Greece - Year-over-year growth 2023-2028 (%)
- 8.12 Malaysia - Market size and forecast 2023-2028
- Chart on Malaysia - Market size and forecast 2023-2028 ($ billion)
- Data Table on Malaysia - Market size and forecast 2023-2028 ($ billion)
- Chart on Malaysia - Year-over-year growth 2023-2028 (%)
- Data Table on Malaysia - Year-over-year growth 2023-2028 (%)
- 8.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)
9 Drivers, Challenges, and Opportunity/Restraints
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 9.4 Market opportunities/restraints
10 Competitive Landscape
- 10.1 Overview
- 10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 10.3 Landscape disruption
- Overview on factors of disruption
- 10.4 Industry risks
- Impact of key risks on business
11 Competitive Analysis
- 11.1 Companies profiled
- 11.2 Market positioning of companies
- Matrix on companies position and classification
- 11.3 BW Group
- BW Group - Overview
- BW Group - Product / Service
- BW Group - Key offerings
- 11.4 Flex LNG Ltd.
- Flex LNG Ltd. - Overview
- Flex LNG Ltd. - Product / Service
- Flex LNG Ltd. - Key offerings
- 11.5 GasLog Ltd.
- GasLog Ltd. - Overview
- GasLog Ltd. - Product / Service
- GasLog Ltd. - Key offerings
- 11.6 Gaztransport and Technigaz SA
- Gaztransport and Technigaz SA - Overview
- Gaztransport and Technigaz SA - Business segments
- Gaztransport and Technigaz SA - Key news
- Gaztransport and Technigaz SA - Key offerings
- Gaztransport and Technigaz SA - Segment focus
- 11.7 Hanwha Corp.
- Hanwha Corp. - Overview
- Hanwha Corp. - Product / Service
- Hanwha Corp. - Key news
- Hanwha Corp. - Key offerings
- 11.8 Kawasaki Heavy Industries Ltd.
- Kawasaki Heavy Industries Ltd. - Overview
- Kawasaki Heavy Industries Ltd. - Business segments
- Kawasaki Heavy Industries Ltd. - Key news
- Kawasaki Heavy Industries Ltd. - Key offerings
- Kawasaki Heavy Industries Ltd. - Segment focus
- 11.9 Mitsubishi Heavy Industries Ltd.
- Mitsubishi Heavy Industries Ltd. - Overview
- Mitsubishi Heavy Industries Ltd. - Business segments
- Mitsubishi Heavy Industries Ltd. - Key news
- Mitsubishi Heavy Industries Ltd. - Key offerings
- Mitsubishi Heavy Industries Ltd. - Segment focus
- 11.10 Nakilat
- Nakilat - Overview
- Nakilat - Product / Service
- Nakilat - Key offerings
- 11.11 Samsung Heavy Industries Co. Ltd.
- Samsung Heavy Industries Co. Ltd. - Overview
- Samsung Heavy Industries Co. Ltd. - Product / Service
- Samsung Heavy Industries Co. Ltd. - Key offerings
- 11.12 Teekay LNG Partners L.P
- Teekay LNG Partners L.P - Overview
- Teekay LNG Partners L.P - Product / Service
- Teekay LNG Partners L.P - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 12.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 12.4 Research methodology
- 12.5 Data procurement
- 12.6 Data validation
- 12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 12.8 Data synthesis
- 12.9 360 degree market analysis
- 360 degree market analysis
- 12.10 List of abbreviations