Australia Lpg Tanker Market Size & Outlook, 2022-2030
Australia lpg tanker market, 2017-2030 (US$M)
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Australia lpg tanker market highlights
- The Australia lpg tanker market generated a revenue of USD 5.5 million in 2022 and is expected to reach USD 8.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 5% from 2023 to 2030.
- In terms of segment, very large gas carriers was the largest revenue generating vessel size in 2022.
- Medium Gas Carriers is the most lucrative vessel size segment registering the fastest growth during the forecast period.
Lpg tanker market data book summary
| Market revenue in 2022 | USD 5.5 million |
| Market revenue in 2030 | USD 8.2 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Very large gas carriers |
| Fastest growing segment | Medium Gas Carriers |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Very Large Gas Carriers, Large Gas Carriers, Medium Gas Carriers, Small Gas Carriers |
| Key market players worldwide | BW LPG Ltd, Dorian LPG Ltd, Exmar NV, Kawasaki Heavy Industries Ltd, Mitsubishi Heavy Industries Ltd, Namura Shipbuilding Co Ltd, StealthGas Inc, Hyundai Heavy Industries, PT Pertamina, Great Eastern Shipping Co. |
Other key industry trends
- In terms of revenue, Australia accounted for 2.9% of the global lpg tanker market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China lpg tanker market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 16.0 million by 2030.
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LPG Tanker Market Scope
LPG Tanker Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia lpg tanker market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lpg tanker market will help companies and investors design strategic landscapes.
Very large gas carriers was the largest segment with a revenue share of 27.27% in 2022. Horizon Databook has segmented the Australia lpg tanker market based on very large gas carriers, large gas carriers, medium gas carriers, small gas carriers covering the revenue growth of each sub-segment from 2017 to 2030.
Australia is currently deemed as a niche LPG tanker market in the Asia Pacific region. The economy of Australia is largely driven by oil & gas, petrochemical, and power generation sectors. The Australian government's consistent assistance and promotion of energy sectors in the last five years has been attracting a significant level of investments, thereby boosting the oil & gas and petrochemical industries, which generate significant demand for LPG tankers.
Australia is a net exporter of LPG as enough LPG is manufactured domestically to fulfill the regional demand. The exports of LPG have been increasing as the demand for LPG in other countries continues to rise. This is expected to drive the demand for LPG tankers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia lpg tanker market , including forecasts for subscribers. This country databook contains high-level insights into Australia lpg tanker market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Australia lpg tanker market size, by vessel size, 2017-2030 (US$M)
Australia LPG Tanker Market Outlook Share, 2022 & 2030 (US$M)
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