Increase in demand for cleaner fuels to drive growth in the market. The transportation sector includes the movement of goods and people through roadways, ships, and airways. This involves combustion of fuels to power the transportation vehicles, which ultimately results in the emission of air pollutatnts. Maritime transport forms the backbone of world trade and globalization. Thousands of vessels connect demand and supply globally every day, which helps boost international and regional trade, helps create jobs, and spreads prosperity. Our analysts have predicted that the LNG bunkering market will register a CAGR of almost 35% by 2023.
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Growing marine logistics business
Maritime is the backbone of globalization and is crucial in cross-border transport networks, which support supply chains and enable international trade.
High capital requirements of using LNG as marine fuel
Fuel cost represents more 50% of the overall operational cost of a container ship. Hence, the use of LNG as marine fuel might result in high capital and operational costs, thus limiting the growth of the global LNG bunkering market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the LNG Bunkering market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including The Linde Group and Total the competitive environment is quite intense. Factors such as the rising demand for cleaner fuels and the growing marine logistics business, will provide considerable growth opportunities to LNG bunkering manufactures. Eagle LNG, Gasum, Royal Dutch Shell, The Linde Group, and Total are some of the major companies covered in this report.
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Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Ferry and ro-ro – Market size and forecast 2018-2023
Tanker – Market size and forecast 2018-2023
Container – Market size and forecast 2018-2023
Others – Market size and forecast 2018-2023
Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE