Crude Oil Transportation Market Report: Trends, Forecast and Competitive Analysis to 2030

Crude Oil Transportation Trends and Forecast

The future of the global crude oil transportation market looks promising with opportunities in the pipeline transportation, rail transportation, and maritime transportation markets. The global crude oil transportation market is expected to grow with a CAGR of 7.9% from 2024 to 2030. The major drivers for this market are expanding and improving transportation infrastructure so as to improve the efficiency, safety, and environmental performance of crude oil transportation and rising demand for crude oil around the globe.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Crude Oil Transportation by Segment

The study includes a forecast for the global crude oil transportation by type, application, and region.

Crude Oil Transportation Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Paraffinic Crude Oil
• Intermediate Crude Oil
• Naphthenic Crude Oil

Crude Oil Transportation Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Pipeline Transportation
• Rail Transportation
• Maritime Transportation
• Others

Crude Oil Transportation Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Crude Oil Transportation Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies crude oil transportation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the crude oil transportation companies profiled in this report include-

• Mitsui O.S.K. Lines
• Teekay
• Euronav
• Scorpio Tankers
• Nanjing Tanker
• Frontline
• DHT Holdings
• Tsakos Energy Navigation
• Navios Maritime Holdings
• SFL

Crude Oil Transportation Market Insights

Lucintel forecasts that paraffinic is expected to witness the highest growth over the forecast period.

Within this market, pipeline transportation is expected to witness the highest growth.

North America is expected to witness the highest growth over the forecast period.

Features of the Global Crude Oil Transportation Market

Market Size Estimates: Crude oil transportation market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Crude oil transportation market size by type, application, and region in terms of value ($B).

Regional Analysis: Crude oil transportation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the crude oil transportation market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the crude oil transportation market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for crude oil transportation market?

Answer: The global crude oil transportation market is expected to grow with a CAGR of 7.9% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the crude oil transportation market?

Answer: The major drivers for this market are expanding and improving transportation infrastructure so as to improve the efficiency, safety, and environmental performance of crude oil transportation and rising demand for crude oil around the globe.

Q3. What are the major segments for crude oil transportation market?

Answer: The future of the crude oil transportation market looks promising with opportunities in the pipeline transportation, rail transportation, and maritime transportation markets.

Q4. Who are the key crude oil transportation market companies?

Answer: Some of the key crude oil transportation companies are as follows:

• Mitsui O.S.K. Lines
• Teekay
• Euronav
• Scorpio Tankers
• Nanjing Tanker
• Frontline
• DHT Holdings
• Tsakos Energy Navigation
• Navios Maritime Holdings
• SFL

Q5. Which crude oil transportation market segment will be the largest in future?

Answer: Lucintel forecasts that paraffinic is expected to witness the highest growth over the forecast period.

Q6. In crude oil transportation market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness the highest growth over the forecast period.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the crude oil transportation market by type (paraffinic crude oil, intermediate crude oil, and naphthenic crude oil), application (pipeline transportation, rail transportation, maritime transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?