Japan Lpg Tanker Market Size & Outlook, 2022-2030
Japan lpg tanker market, 2017-2030 (US$M)
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Japan lpg tanker market highlights
- The Japan lpg tanker market generated a revenue of USD 10.9 million in 2022 and is expected to reach USD 14.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 3.3% 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 10.9 million |
| Market revenue in 2030 | USD 14.2 million |
| Growth rate | 3.3% (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, Japan accounted for 5.7% 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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Japan 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 30.28% in 2022. Horizon Databook has segmented the Japan 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.
Japan is the second-largest market for LPG tankers in Asia Pacific in 2021 with a market share of 21.68%. The increasing demand for LPG in Japan on account its usage in a variety of applications across industries such as petrochemicals, oil & gas, and power generation is expected to boost the demand for LPG tankers over the forecast period.
Japan is a major hub for innovation and technological development in the Asia Pacific region. Japan is currently exploring ‘green LPG’ which eliminates all the carbon emissions of traditional LPG which is expected to boost the demand for LPG all across the world.
Moreover, the government of Japan is also investing on and supporting domestic companies for developing LPG tankers in order to surpass their global rank in the LPG and energy sector.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan lpg tanker market , including forecasts for subscribers. This country databook contains high-level insights into Japan lpg tanker market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan lpg tanker market size, by vessel size, 2017-2030 (US$M)
Japan LPG Tanker Market Outlook Share, 2022 & 2030 (US$M)
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