LNG Carriers Market| Evolving Opportunities with BW Group and DSME Co. Ltd. | Technavio

NEW YORK, June 30, 2022 /PRNewswire/ -- The LNG Carriers Market size is expected to grow by USD 3.16 billion from 2021 to 2026, at a CAGR of 4.43% during the forecast period. The LNG carriers market report also offers information on several market vendors, including BW Group, DSME Co. Ltd., Flex LNG Ltd., GasLog Ltd, Gaztransport and Technigaz SA, Golar LNG Ltd., Hudong-Zhonghua Shipbuilding Co. Ltd., IMABARI SHIPBUILDING CO. LTD., Japan Marine United Corp., K Shipbuilding Co. Ltd, Kawasaki Heavy Industries Ltd., Samsung Heavy Industries Co. Ltd., Shell plc, Teekay LNG Partners L.P, and Wartsila Corp. among others. Request sample pages

Read the 120-page report with TOC on "LNG Carriers Market Analysis Report by Type (Membrane and Moss) and Geography (North America, Middle East, and Africa, Europe, APAC, and South America), and the Segment Forecasts,2022-2026". Get Report Snapshot

Market Driver

One of the main factors fueling the expansion of the LNG carriers market is the rising demand for natural gas. Due to its higher energy density than CNG, LNG is growing in popularity. It guarantees long-distance travel and makes it possible to store more natural gas in fuel tanks, which is beneficial for cars with more horsepower. Another major market trend for LNG carriers that are fostering industry expansion is a rise in consumer desire for cleaner fuels. However, one of the things preventing the market for LNG carriers from expanding is the fluctuation in oil and gas prices.

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Major Five LNG Carriers Companies:

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • BW Group
  • DSME Co. Ltd.
  • Flex LNG Ltd.
  • GasLog Ltd
  • Gaztransport and Technigaz SA
  • Golar LNG Ltd.
  • Hudong-Zhonghua Shipbuilding Co. Ltd.
  • IMABARI SHIPBUILDING CO. LTD.
  • Japan Marine United Corp.
  • K Shipbuilding Co. Ltd
  • Kawasaki Heavy Industries Ltd.
  • Maran Gas Maritime Inc.
  • Mitsubishi Heavy Industries Ltd.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Sample Report.

LNG Carriers Market Geography Outlook (Revenue, USD bn, 2021-2026)

  • North America - size and forecast 2021-2026
  • Middle East and Africa - size and forecast 2021-2026
  • Europe - size and forecast 2021-2026
  • APAC - size and forecast 2021-2026

North America will account for 31% of market growth. The main markets in North America for LNG carriers are the US and Bermuda. The market in this region will expand more slowly than the market in South America. Over the projection period, the market for LNG carriers in North America will develop thanks to the expansion of LNG trade.

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LNG Carriers Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.43%

Market growth 2022-2026

$ 3.16 billion

Market structure

Fragmented

YoY growth (%)

4.06

Regional analysis

North America, Middle East and Africa, Europe, APAC, and South America

Performing market contribution

North America at 31%

Key consumer countries

Qatar, Japan, Malaysia, UK, and Greece

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BW Group, DSME Co. Ltd., Flex LNG Ltd., GasLog Ltd, Gaztransport and Technigaz SA, Golar LNG Ltd., Hudong-Zhonghua Shipbuilding Co. Ltd., IMABARI SHIPBUILDING CO. LTD., Japan Marine United Corp., K Shipbuilding Co. Ltd, Kawasaki Heavy Industries Ltd., Maran Gas Maritime Inc., Mitsubishi Heavy Industries Ltd., Mitsui E&S Holdings Co. Ltd., Nakilat, Petroliam Nasional Berhad, Samsung Heavy Industries Co. Ltd., Shell plc, Teekay LNG Partners L.P, and Wartsila Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

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 Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • 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 ($ billion)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
    • 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 Type

  • 5.1 Market segments
    • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
  • 5.2 Comparison by Type
    • Exhibit 26: Chart on Comparison by Type
    • Exhibit 27: Data Table on Comparison by Type
  • 5.3 Membrane - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Membrane - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on Membrane - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on Membrane - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Membrane - Year-over-year growth 2021-2026 (%)
  • 5.4 Moss - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Moss - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Moss - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Moss - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Moss - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Type
    • Exhibit 36: Market opportunity by Type ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 APAC - Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 UK - Market size and forecast 2021-2026
    • Exhibit 62: Chart on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.9 Japan - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.10 Qatar - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Qatar - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on Qatar - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on Qatar - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Qatar - Year-over-year growth 2021-2026 (%)
  • 7.11 Greece - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Greece - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on Greece - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on Greece - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Greece - Year-over-year growth 2021-2026 (%)
  • 7.12 Malaysia - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Malaysia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on Malaysia - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on Malaysia - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Malaysia - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 BW Group
    • Exhibit 89: BW Group - Overview
    • Exhibit 90: BW Group - Product / Service
    • Exhibit 91: BW Group - Key offerings
  • 10.4 DSME Co. Ltd.
    • Exhibit 92: DSME Co. Ltd. - Overview
    • Exhibit 93: DSME Co. Ltd. - Business segments
    • Exhibit 94: DSME Co. Ltd. - Key offerings
    • Exhibit 95: DSME Co. Ltd. - Segment focus
  • 10.5 Flex LNG Ltd.
    • Exhibit 96: Flex LNG Ltd. - Overview
    • Exhibit 97: Flex LNG Ltd. - Product / Service
    • Exhibit 98: Flex LNG Ltd. - Key offerings
  • 10.6 GasLog Ltd
    • Exhibit 99: GasLog Ltd - Overview
    • Exhibit 100: GasLog Ltd - Product / Service
    • Exhibit 101: GasLog Ltd - Key offerings
  • 10.7 Gaztransport and Technigaz SA
    • Exhibit 102: Gaztransport and Technigaz SA - Overview
    • Exhibit 103: Gaztransport and Technigaz SA - Business segments
    • Exhibit 104: Gaztransport and Technigaz SA - Key offerings
    • Exhibit 105: Gaztransport and Technigaz SA - Segment focus
  • 10.8 Kawasaki Heavy Industries Ltd.
    • Exhibit 106: Kawasaki Heavy Industries Ltd. - Overview
    • Exhibit 107: Kawasaki Heavy Industries Ltd. - Business segments
    • Exhibit 108: Kawasaki Heavy Industries Ltd. - Key news
    • Exhibit 109: Kawasaki Heavy Industries Ltd. - Key offerings
    • Exhibit 110: Kawasaki Heavy Industries Ltd. - Segment focus
  • 10.9 Mitsubishi Heavy Industries Ltd.
    • Exhibit 111: Mitsubishi Heavy Industries Ltd. - Overview
    • Exhibit 112: Mitsubishi Heavy Industries Ltd. - Business segments
    • Exhibit 113: Mitsubishi Heavy Industries Ltd. - Key news
    • Exhibit 114: Mitsubishi Heavy Industries Ltd. - Key offerings
    • Exhibit 115: Mitsubishi Heavy Industries Ltd. - Segment focus
  • 10.10 Nakilat
    • Exhibit 116: Nakilat - Overview
    • Exhibit 117: Nakilat - Business segments
    • Exhibit 118: Nakilat - Key offerings
    • Exhibit 119: Nakilat - Segment focus
  • 10.11 Samsung Heavy Industries Co. Ltd.
    • Exhibit 120: Samsung Heavy Industries Co. Ltd. - Overview
    • Exhibit 121: Samsung Heavy Industries Co. Ltd. - Business segments
    • Exhibit 122: Samsung Heavy Industries Co. Ltd. - Key offerings
    • Exhibit 123: Samsung Heavy Industries Co. Ltd. - Segment focus
  • 10.12 Teekay LNG Partners L.P
    • Exhibit 124: Teekay LNG Partners L.P - Overview
    • Exhibit 125: Teekay LNG Partners L.P - Business segments
    • Exhibit 126: Teekay LNG Partners L.P - Key offerings
    • Exhibit 127: Teekay LNG Partners L.P - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 128: Inclusions checklist
    • Exhibit 129: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 130: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 131: Research methodology
    • Exhibit 132: Validation techniques employed for market sizing
    • Exhibit 133: Information sources
  • 11.5 List of abbreviations
    • Exhibit 134: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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