Global Tanker Shipping Market 2023-2027

Global Tanker Shipping Market 2023-2027


The tanker shipping market is forecasted to grow by 159.2 mn t during 2022-2027, accelerating at a CAGR of 4.39% during the forecast period. The report on the tanker 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 regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in global oil and gas logistics market, rise in international seaborne trade, and growing LNG trade.

Technavio's tanker shipping market is segmented as below:

By Type
  • Oil tankers
  • Liquid gas tankers
By Mode Of Transportation
  • Coastal
  • Deep sea
  • Inland
By Geographical Landscape
  • APAC
  • Europe
  • Middle East and Africa
  • North America
  • South America
This study identifies the advances in propulsion system of tankers as one of the prime reasons driving the tanker shipping market growth during the next few years. Also, increase in use of fleet management system and new oil and gas exploration policies will lead to sizable demand in the market.

The report on the tanker shipping market covers the following areas:
  • Tanker shipping market sizing
  • Tanker shipping market forecast
  • Tanker 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 tanker shipping market vendors that include Bahri, COSCO Shipping Co. Ltd., DHT Holdings Inc., Eastern Pacific Shipping, Euronav NV, FRONTLINE PLC, IINO KAIUN KAISHA Ltd., International Seaways Inc., MAERSK TANKERS AS, Mitsui O.S.K. Lines Ltd., Odfjell SE, PETRONAS Chemicals Group Berhad, SFL Corp. Ltd., Sovcomflot, Stolt Nielsen Ltd., Teekay Corp., and Tsakos Energy Navigation Ltd.. Also, the tanker 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 the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Type
      • Table Executive Summary - Chart on Market Segmentation by Mode of Transportation
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Global - Market size and forecast 2022-2027 (million t)
      • Table Chart on Global Market- Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market- Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global tanker shipping market 2017 - 2021
      • Table Historic Market Size - Data table on global tanker shipping market 2017 - 2021 (million t)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size - Type Segment 2017 - 2021 (million t)
    • Mode of transportation Segment Analysis 2017 - 2021
      • Table Historic Market Size - Mode of transportation Segment 2017 - 2021 (million t)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size - Geography Segment 2017 - 2021 (million t)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size - Country Segment 2017 - 2021 (million t)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Oil tankers - Market size and forecast 2022-2027
      • Table Chart on Oil tankers - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Oil tankers - Market size and forecast 2022-2027 (million t)
      • Table Chart on Oil tankers - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Oil tankers - Year-over-year growth 2022-2027 (%)
    • Liquid gas tankers - Market size and forecast 2022-2027
      • Table Chart on Liquid gas tankers - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Liquid gas tankers - Market size and forecast 2022-2027 (million t)
      • Table Chart on Liquid gas tankers - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Liquid gas tankers - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type (million t)
      • Table Data Table on Market opportunity by Type (million t)
  • Market Segmentation by Mode of Transportation
    • Market segments
      • Table Chart on Mode of Transportation - Market share 2022-2027 (%)
      • Table Data Table on Mode of Transportation - Market share 2022-2027 (%)
    • Comparison by Mode of Transportation
      • Table Chart on Comparison by Mode of Transportation
      • Table Data Table on Comparison by Mode of Transportation
    • Coastal - Market size and forecast 2022-2027
      • Table Chart on Coastal - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Coastal - Market size and forecast 2022-2027 (million t)
      • Table Chart on Coastal - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Coastal - Year-over-year growth 2022-2027 (%)
    • Deep sea - Market size and forecast 2022-2027
      • Table Chart on Deep sea - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Deep sea - Market size and forecast 2022-2027 (million t)
      • Table Chart on Deep sea - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Deep sea - Year-over-year growth 2022-2027 (%)
    • Inland - Market size and forecast 2022-2027
      • Table Chart on Inland - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Inland - Market size and forecast 2022-2027 (million t)
      • Table Chart on Inland - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Inland - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Mode of Transportation
      • Table Market opportunity by Mode of Transportation (million t)
      • Table Data Table on Market opportunity by Mode of Transportation (million t)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 (million t)
      • Table Data Table on APAC - Market size and forecast 2022-2027 (million t)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Europe - Market size and forecast 2022-2027 (million t)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million t)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 (million t)
      • Table Data Table on North America - Market size and forecast 2022-2027 (million t)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 (million t)
      • Table Data Table on South America - Market size and forecast 2022-2027 (million t)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 (million t)
      • Table Data Table on China - Market size and forecast 2022-2027 (million t)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Singapore - Market size and forecast 2022-2027
      • Table Chart on Singapore - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Singapore - Market size and forecast 2022-2027 (million t)
      • Table Chart on Singapore - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Singapore - Year-over-year growth 2022-2027 (%)
    • South Korea - Market size and forecast 2022-2027
      • Table Chart on South Korea - Market size and forecast 2022-2027 (million t)
      • Table Data Table on South Korea - Market size and forecast 2022-2027 (million t)
      • Table Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Japan - Market size and forecast 2022-2027 (million t)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • Norway - Market size and forecast 2022-2027
      • Table Chart on Norway - Market size and forecast 2022-2027 (million t)
      • Table Data Table on Norway - Market size and forecast 2022-2027 (million t)
      • Table Chart on Norway - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Norway - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography (million t)
      • Table Market opportunity by geography (million t) - Volume
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growth in global oil and gas logistics market
      • Rise in international seaborne trade
      • Growing LNG trade
    • Market challenges
      • High operational cost
      • Imbalance in demand and supply of tankers
      • Stringent regulations associated with chemical storage and transportation
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Advances in propulsion system of tankers
      • Increase in use of fleet management system
      • New oil and gas exploration policies
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Bahri
      • Table Bahri - Overview
      • Table Bahri - Business segments
      • Table Bahri - Key offerings
      • Table Bahri - Segment focus
    • COSCO Shipping Co. Ltd.
      • Table COSCO Shipping Co. Ltd. - Overview
      • Table COSCO Shipping Co. Ltd. - Product / Service
      • Table COSCO Shipping Co. Ltd. - Key offerings
    • Euronav NV
      • Table Euronav NV - Overview
      • Table Euronav NV - Business segments
      • Table Euronav NV - Key offerings
      • Table Euronav NV - Segment focus
    • FRONTLINE PLC
      • Table FRONTLINE PLC - Overview
      • Table FRONTLINE PLC - Product / Service
      • Table FRONTLINE PLC - Key offerings
    • IINO KAIUN KAISHA Ltd.
      • Table IINO KAIUN KAISHA Ltd. - Overview
      • Table IINO KAIUN KAISHA Ltd. - Product / Service
      • Table IINO KAIUN KAISHA Ltd. - Key offerings
    • International Seaways Inc.
      • Table International Seaways Inc. - Overview
      • Table International Seaways Inc. - Business segments
      • Table International Seaways Inc. - Key offerings
      • Table International Seaways Inc. - Segment focus
    • MAERSK TANKERS AS
      • Table MAERSK TANKERS AS - Overview
      • Table MAERSK TANKERS AS - Product / Service
      • Table MAERSK TANKERS AS - Key offerings
    • Mitsui O.S.K. Lines Ltd.
      • Table Mitsui O.S.K. Lines Ltd. - Overview
      • Table Mitsui O.S.K. Lines Ltd. - Business segments
      • Table Mitsui O.S.K. Lines Ltd. - Key offerings
      • Table Mitsui O.S.K. Lines Ltd. - Segment focus
    • Odfjell SE
      • Table Odfjell SE - Overview
      • Table Odfjell SE - Product / Service
      • Table Odfjell SE - Key offerings
    • PETRONAS Chemicals Group Berhad
      • Table PETRONAS Chemicals Group Berhad - Overview
      • Table PETRONAS Chemicals Group Berhad - Business segments
      • Table PETRONAS Chemicals Group Berhad - Key news
      • Table PETRONAS Chemicals Group Berhad - Key offerings
      • Table PETRONAS Chemicals Group Berhad - Segment focus
    • SFL Corp. Ltd.
      • Table SFL Corp. Ltd. - Overview
      • Table SFL Corp. Ltd. - Product / Service
      • Table SFL Corp. Ltd. - Key offerings
    • Sovcomflot
      • Table Sovcomflot - Overview
      • Table Sovcomflot - Product / Service
      • Table Sovcomflot - Key offerings
    • Stolt Nielsen Ltd.
      • Table Stolt Nielsen Ltd. - Overview
      • Table Stolt Nielsen Ltd. - Business segments
      • Table Stolt Nielsen Ltd. - Key offerings
      • Table Stolt Nielsen Ltd. - Segment focus
    • Teekay Corp.
      • Table Teekay Corp. - Overview
      • Table Teekay Corp. - Product / Service
      • Table Teekay Corp. - Key offerings
    • Tsakos Energy Navigation Ltd.
      • Table Tsakos Energy Navigation Ltd. - Overview
      • Table Tsakos Energy Navigation Ltd. - Product / Service
      • Table Tsakos Energy Navigation Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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