Global LNG Carriers Market 2024-2028
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:
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.