Global Crude Oil Carrier Market 2020 Industry Demands & Analysis By 2028 With Top Key Players AET, Teekay Corporation, Sovcomflot Group, Overseas Shipholding Group (OSG)

This detailed market study focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global crude oil carrier.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. AET
2. Teekay Corporation
3. Sovcomflot Group
4. Overseas Shipholding Group (OSG)
5. OMAN SHIPPING COMPANY S.A.O.C.
6. NYK line
7. Ocean Tankers (pte) Ltd.
8. National Iranian Tanker Company
9. Mitsui O.S.K. Lines, Ltd. (MOL).
10. Maran Tankers Management Inc.
11. Frontline Ltd.
12. Euronav
13. Dynacom Tankers Management Ltd
14. China Shipping Development Corp (CSDC)
15. and Bahri.

According to the report, global crude oil carrier market is expanding with the growing demand for bulk crude oil transportation services and facilities, mostly from extraction locations to refineries. Also, increasing demand for crude oil and it's by-products is boosting the global crude oil carrier market. Additionally, rising number of automotive and aviation industry, and increasing industrialization are the factors that are fueling the growth for global crude oil carrier market. Furthermore, longer hauls and fewer triangulation options or backhaul routes to reduce ballasting are creating growth opportunities for the global crude oil carrier market.

What is crude oil carrier used for?
Crude oil carrier are used to move crude oil from production spots to refineries. Other modes of transporting them are rail tank cars, pipelines, barges, and tank trucks. Crude oil carrier, mostly known as oil tankers, deliver crude oil in bulk from one location to another. Crude oil carrier are used to transfer unrefined crude oil from exploration and production facilities to crude oil refineries. Coastal tank vessel trades are carried out by using crude oil carrier.

Key Factors Impacting Market Growth:
o High supply of crude oil from the organization of the crude oil exporting countries
o Healthy carrier demand due to safe crude oil supply
o Stabilizing relations between OPEC and NON-OPEC nations
o Seasonal variations and high logistics expenditure
o High cost of capital required to acquire crude oil carrier

Regional segmentation and analysis to understand growth patterns:
The market has been segmented in major regions to understand the global development and demand patterns of this market.

Detailed information for markets like North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World is provided by the global outlook for crude oil carrier. During the forecast period, North America and Western Europe are projected as main regions for shortwave infrared sector. As one of the developed regions, the energy & power sector is important for the operations of different industries in this area

This is one of the key factors regulating crude oil carrier growth in those regions. Some of the major countries covered in this region include the USA, Germany, United Kingdom, France, Italy, Canada, etc.

During the forecast period Asia Pacific is expected to be one of the fastest growing regions for the crude oil carrier. Some of the fastest-growing economies and increasing energy & power demand to cater for high population & industries are expected to drive demand in this area. During the forecast period, China and India are expected to record large demand. During the forecast period, the Middle East which includes the UAE, Saudi Arabia, Iran, Qatar and others promises high market potential. In terms of market demand during the forecast period, the rest of the world including South America and Africa are developing regions.

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This report provides:
1) An overview of the global market for crude oil carrier and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for global crude oil carrier.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

Market Segmentation:
By Vessel Type:
o Ultra Large Crude carrier (ULCC) & Very large crude carrier(VLCC)
o Suezmax
o Aframax
o Panamax
o Small
o Medium
By Application:
o Transportation
o Others
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Vessel Type
o By Application
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Vessel Type
o By Application
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Vessel Type
o By Application
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Vessel Type
o By Application
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Vessel Type
o By Application
o Rest of the World
o By Region (South America, Africa)
o By Vessel Type
o By Application

Reasons To Buy This Report:
o Market size estimation of the global crude oil carrier market on regional and global basis
o Unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.