India Lpg Tanker Market Size & Outlook, 2022-2030
Related Markets
India lpg tanker market highlights
- The India lpg tanker market generated a revenue of USD 10.0 million in 2022 and is expected to reach USD 16.0 million by 2030.
- The India market is expected to grow at a CAGR of 6.1% 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 10.0 million |
| Market revenue in 2030 | USD 16.0 million |
| Growth rate | 6.1% (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, India accounted for 5.3% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
LPG Tanker Market Scope
LPG Tanker Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Great Eastern Shipping Co. | View profile | 1001-5000 | Mumbai, Maharashtra, India, Asia | http://www.greatship.com |
| PT Pertamina | View profile | 10001+ | Jakarta, Jakarta Raya, Indonesia, Asia | http://www.pertamina.com/ |
| Hyundai Heavy Industries | View profile | 10001+ | Ulsan, Kyongsang-bukto, South Korea, Asia | http://english.hhi.co.kr/ |
| StealthGas Inc | View profile | 463 | 331 Kifissias Avenue, Erithrea, Athens, Greece, 14561 | https://www.stealthgas.com |
| Namura Shipbuilding Co Ltd | View profile | 2213 | 1-9, Itachibori 2-chome, Nikken Building, 8th Floor, Nishi-ku, Osaka, Japan | http://www.namura.co.jp |
| Exmar NV | View profile | 1927 | De Gerlachekaai 20, Antwerpen, Belgium, 2000 | https://www.exmar.com |
| Dorian LPG Ltd | View profile | 577 | 27 Signal Road, Stamford, CT, United States, 06902 | https://www.dorianlpg.com |
| BW LPG Ltd | View profile | 1500 | 10 Pasir Panjang Road, Mapletree Business City, No.17-02, Singapore, Singapore, 117438 | https://www.bwlpg.com |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
India 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 29% in 2022. Horizon Databook has segmented the India 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.
India is the third most significant country, in terms of growth for the LPG tanker market, in the Asia Pacific region. The country proves to be an important hub for both the production and consumption of LPG. In India, the demand for LPG tankers is driven majorly by the oil & gas, petrochemical, and power generation industries.
ndia is the third-largest oil and gas importing country in the world and imports of LPG have also witnessed a rise in order to keep up with the demand. Most of this LPG is transported through LPG tankers as it is the cheapest way of transportation. With increasing demand and low domestic production, the LPG tanker market is expected to see an increase in demand in the future.
The government has also implemented a scheme to connect 6 million households to LPG. With government initiatives and growth in the petrochemical industry, the demand for LPG is expected to rise. Hence, the country’s LPG tanker industry is expected to gain more momentum in the coming years.
Reasons to subscribe to India lpg tanker market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of India lpg tanker market databook
-
Our clientele includes a mix of lpg tanker market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India lpg tanker market , including forecasts for subscribers. This country databook contains high-level insights into India lpg tanker market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India lpg tanker market size, by vessel size, 2017-2030 (US$M)
India LPG Tanker Market Outlook Share, 2022 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
