France Lpg Tanker Market Size & Outlook, 2022-2030
France lpg tanker market, 2017-2030 (US$M)
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France lpg tanker market highlights
- The France lpg tanker market generated a revenue of USD 8.0 million in 2022 and is expected to reach USD 9.5 million by 2030.
- The France market is expected to grow at a CAGR of 2.1% from 2023 to 2030.
- In terms of segment, 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 8.0 million |
| Market revenue in 2030 | USD 9.5 million |
| Growth rate | 2.1% (CAGR from 2022 to 2030) |
| Largest segment | 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, France accounted for 4.2% 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 Europe, Russia lpg tanker market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 13.3 million by 2030.
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LPG Tanker Market Scope
LPG Tanker Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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.
Large gas carriers was the largest segment with a revenue share of 28.75% in 2022. Horizon Databook has segmented the France 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.
France is one of the leading consumers of LPG, after Russia, the UK, and Germany. The country caters to the huge demand from petrochemical, power generation, and other end-use industries, where the application of LPG tankers plays a crucial role, thereby providing an opportunity for future developments in various industries like LPG as autofuel, LPG in energy production and LPG for heating in the country.
France has been witnessing a significant rate of industrial innovation, which is contributing to the adoption of LPG in the country. France is heavily reliant on the import of LPG as the domestic production is very low and thus, uses LPG tankers for importing LPG from other countries. With the increase in the usage of LPG boilers for domestic use and rising use of LPG-fueled vehicles, the demand for LPG is expected to increase in the country.
Thus, the demand for LPG tankers is expected to increase as the import of LPG increases. In addition, France has shown a proclivity toward the adoption of LPG tankers in energy sector. However, the French government reported a slow restart for manufacturers after an ease in lockdown, which is expected to impede the momentum of the LPG tanker market.
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Horizon Databook provides a detailed overview of country-level data and insights on the France lpg tanker market , including forecasts for subscribers. This country databook contains high-level insights into France lpg tanker market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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France lpg tanker market size, by vessel size, 2017-2030 (US$M)
France LPG Tanker Market Outlook Share, 2022 & 2030 (US$M)
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