Italy Lpg Tanker Market Size & Outlook, 2022-2030
Italy lpg tanker market, 2017-2030 (US$M)
Related Markets
Italy lpg tanker market highlights
- The Italy lpg tanker market generated a revenue of USD 6.8 million in 2022 and is expected to reach USD 13.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 8.7% from 2023 to 2030.
- In terms of segment, very large gas carriers was the largest revenue generating vessel size in 2022.
- Large 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 6.8 million |
| Market revenue in 2030 | USD 13.3 million |
| Growth rate | 8.7% (CAGR from 2022 to 2030) |
| Largest segment | Very large gas carriers |
| Fastest growing segment | Large 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, Italy accounted for 3.6% 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.
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 |
|---|
Italy 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 29.41% in 2022. Horizon Databook has segmented the Italy 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.
Italy is one of Europe's rapidly growing countries due to favorable policies that promote high-tech innovations. Majority of the manufacturers favor catering to companies that are willing to enter long-term contracts to better understand the market needs and provide efficient after-sales services, thereby ensuring a long-term loyal customer.
In Italy, consumers are known for the adoption of clean fuels, such as LPG, in most of the applications, which is expected to increase the opportunity for the LPG tanker market growth. Italy is the second-largest market for Autofuel in Europe. There has been mass adoption of LPG as auto fuel in the country. The tax on LPG is low in the country, which promotes further adoption of LPG as it costs half as much as gasoline.
The demand for LPG tankers is expected to increase with the rising demand for LPG, as an increasing number of diesel and gasoline-fueled cars are replaced by LPG. The major drivers for the LPG tanker market includes supportive infrastructure and collaborative developments. However, the country holds a relatively lower market share, in terms of Revenue, in the European LPG tanker market compared to Germany, the UK, and Russia.
Reasons to subscribe to Italy 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 Italy 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 Italy lpg tanker market , including forecasts for subscribers. This country databook contains high-level insights into Italy lpg tanker market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Italy lpg tanker market size, by vessel size, 2017-2030 (US$M)
Italy LPG Tanker Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional 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
