Report Description

The Global Shuttle Tanker Market is anticipated to grow at a steady CAGR for the forecast period, 2022-2026. Increasing power requirements, the development of emerging economies, and favorable government policies encouraging efficient oil generation, extraction, and transportation are the primary driving factors for the high market demand worldwide.

Shuttle Tanker is an alternative to the construction of oil pipes and is a type of ship designed to transport oil from the offshore segment. The Shuttle Tanker is equipped with compatible off-loading equipment used in the oil field. To avoid the chances of mishappening and ensure efficient crude oil handling in a tough environment, a Shuttle Tanker consists of an off-loading arrangement of pipes, safety systems, and taut hawser arrangement. Shuttle tankers are extremely feasible than oil extraction pipes. Operation in oil extraction pipes has to be halted in case of maintenance and technical problems, which causes unwanted delays in the oil transportation process.

Increasing Energy Requirement Boosts the Market Demand

Growing industrialization in developing economies and rapid urbanization fuels the demand for energy generation, transmission, and storage worldwide. The development of the automotive industry and the proliferation of consumer electronic devices due to the growing disposable income of consumers are bolstering the need for energy generation. An increasing number of vehicles on the road and growing expenditure capacity of the consumers leading to high vehicle production and selling is accelerating the growth of the automotive market, which is expected to fuel the demand for petroleum and conventional energy sources. The growing demand for electricity generation and distribution and the government initiatives to spread electrification in the rural areas to boost the development and provide comfort to the rural people are expected to bolster the demand for crude oil to produce electricity.

Improvement In the Global Economy Fuels Market Growth

The government is promoting infrastructure development and adopting measures and policies to stabilize and boost the economy of their respective countries. With the improvement in the country's economic status, the demand for oil and gas by-products is expected to witness significant growth. The need for import and export of oil and gas from the major oil and gas producing countries to places with energy demands is influencing the demand of the global Shuttle Tankers market. The fluctuation in the crude oil prices and the growing oil demand due to the continuous rise in the population and construction of industries are expected to create potential growth for the global Shuttle Tankers market. The change in the economic conditions is bolstering the offshore activities comprising of ultra-deep-water, and deep-water production and development are anticipated to propel the demand for the techniques supporting efficient oil and gas storage, and transportation which is expected to fuel market growth.

Flourishing Automotive Industry Boosts the Market Growth

Automotive market players invest heavily in research and development activities to invest innovative features such as the integration of internet of things technology and automation technology in automobiles to attract more customers and fuel their sales. Increasing demand for vehicle ownership and the launch of novel models in attractive designs, mileage, fuel efficiency, storage, seating capacity is fostering the demand for automobiles across the globe.


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Market Segmentation

The Global Shuttle Tanker Market is segmented by loading facility, application, fuel, regional distribution, and competition landscape. Based on the loading facility, the market is divided into floating storage and offloading vessels, single point mooring, tandem loading system, submerged turret loading, single anchor loading. Based on the application, the market is divided into stability, extraction, vessel manoeuvring. Based on the fuel, the market is divided into crude oil, refined products, liquified natural gas. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific region, North American region, European region, South American region, and Middle East & African region.

Market Players

Tsakos Energy Navigation Limited, Teekay Shuttle Tankers L.L.C, Knutsen NYK Offshore Tankers, AET Tanker Holdings, Nordic American Tankers Limited are among the major market players in the global platform that lead the market growth of the Global Shuttle Tanker Market.

Attribute

Details

Base Year

2020

Historic Data

2016 – 2019

Estimated Year

2021

Forecast Period

2022 – 2026

Quantitative Units

Revenue in USD Million, and CAGR for 2016-2020 and 2021-2026

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Loading Facility

·         Application

·         Fuel

Regional scope

North America; Asia Pacific; Europe; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Denmark; Brazil; Argentina; Colombia; Poland; Denmark; Saudi Arabia; South Africa; UAE; Iraq; Turkey

Key companies profiled

Tsakos Energy Navigation Limited, Teekay Shuttle Tankers L.L.C, Knutsen NYK Offshore Tankers, AET Tanker Holdings, Nordic American Tankers Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Global Shuttle Tanker Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Shuttle Tanker Market, By Loading Capacity:
    • Floating Storage and Offloading Vessels
    • Single Point Mooring
    • Tandem Loading System
    • Submerged Turret Loading
    • Single Anchor Loading
  • Shuttle Tanker Market, By Application:
    • Stability
    • Extraction
    • Vessel Manoeuvring
  • Shuttle Tanker Market, By Fuel:
    • Crude Oil
    • Refined Products
    • Liquified Natural Gas
  • Shuttle Tanker Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Poland
      • Denmark
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Peru
      • Chile
    • Middle East & Africa

§  Saudi Arabia

§  South Africa

§  UAE

§  Iraq

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Shuttle Tanker Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).


Global Shuttle Tanker Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Shuttle Tanker Market

4.    Executive Summary

5.    Voice of Customers

5.1.1.     Brand Awareness

5.1.2.     Factors Considered while Selecting a Supplier

5.1.3.     Customer Satisfaction Level

5.1.4.     Major Challenges Faced

6.    Overview of Shuttle Tanker Rental Market

7.    Global Shuttle Tanker Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Loading Facility (Floating Storage and Offloading Vessels, Single Point Mooring, Tandem Loading System, Submerged Turret Loading, Single Anchor Loading)

7.2.2.     By Application (Stability, Extraction, Vessel Manoeuvring)

7.2.3.     By Fuel (Crude Oil, Refined Products, Liquified Natural Gas)

7.2.4.     By Region

7.2.5.     By Company

7.3.  Product Market Map

8.    North America Shuttle Tanker Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Loading Facility

8.2.2.     By Application

8.2.3.     By Fuel

8.2.4.     By Country

8.3.  North America: Country Analysis

8.3.1.     United States Shuttle Tanker Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value 

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Loading Facility

8.3.1.2.2.             By Application

8.3.1.2.3.             By Fuel

8.3.2.     Canada Shuttle Tanker Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value 

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Loading Facility

8.3.2.2.2.             By Application

8.3.2.2.3.             By Fuel

8.3.3.     Mexico Shuttle Tanker Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value 

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Loading Facility

8.3.3.2.2.             By Application

8.3.3.2.3.             By Fuel

9.    Asia-Pacific Shuttle Tanker Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Loading Facility

9.2.2.     By Application

9.2.3.     By Fuel

9.2.4.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Shuttle Tanker Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value 

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Loading Facility

9.3.1.2.2.             By Application

9.3.1.2.3.             By Fuel

9.3.2.     India Shuttle Tanker Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value 

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Loading Facility

9.3.2.2.2.             By Application

9.3.2.2.3.             By Fuel

9.3.3.     Japan Shuttle Tanker Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value 

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Loading Facility

9.3.3.2.2.             By Application

9.3.3.2.3.             By Fuel

9.3.4.     South Korea Shuttle Tanker Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value 

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Loading Facility

9.3.4.2.2.             By Application

9.3.4.2.3.             By Fuel

9.3.5.     Australia Shuttle Tanker Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value 

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Loading Facility

9.3.5.2.2.             By Application

9.3.5.2.3.             By Fuel

9.3.6.     Singapore Shuttle Tanker Market Outlook

9.3.6.1.         Market Size & Forecast

9.3.6.1.1.             By Value 

9.3.6.2.         Market Share & Forecast

9.3.6.2.1.             By Loading Facility

9.3.6.2.2.             By Application

9.3.6.2.3.             By Fuel

9.3.7.     Malaysia Shuttle Tanker Market Outlook

9.3.7.1.         Market Size & Forecast

9.3.7.1.1.             By Value 

9.3.7.2.         Market Share & Forecast

9.3.7.2.1.             By Loading Facility

9.3.7.2.2.             By Application

9.3.7.2.3.             By Fuel

10.  Europe Shuttle Tanker Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Loading Facility

10.2.2.  By Application

10.2.3.  By Fuel

10.2.4.  By Country

10.3.              Europe: Country Analysis

10.3.1.  Germany Shuttle Tanker Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value 

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Loading Facility

10.3.1.2.2.           By Application

10.3.1.2.3.           By Fuel

10.3.2.  United Kingdom Shuttle Tanker Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value 

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Loading Facility

10.3.2.2.2.           By Application

10.3.2.2.3.           By Fuel

10.3.3.  France Shuttle Tanker Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value 

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Loading Facility

10.3.3.2.2.           By Application

10.3.3.2.3.           By Fuel

10.3.4.  Italy Shuttle Tanker Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value 

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Loading Facility

10.3.4.2.2.           By Application

10.3.4.2.3.           By Fuel

10.3.5.  Spain Shuttle Tanker Market Outlook

10.3.5.1.      Market Size & Forecast

10.3.5.1.1.           By Value 

10.3.5.2.      Market Share & Forecast

10.3.5.2.1.           By Loading Facility

10.3.5.2.2.           By Application

10.3.5.2.3.           By Fuel

10.3.6.  Poland Shuttle Tanker Market Outlook

10.3.6.1.      Market Size & Forecast

10.3.6.1.1.           By Value 

10.3.6.2.      Market Share & Forecast

10.3.6.2.1.           By Loading Facility

10.3.6.2.2.           By Application

10.3.6.2.3.           By Fuel

10.3.7.  Denmark Shuttle Tanker Market Outlook

10.3.7.1.      Market Size & Forecast

10.3.7.1.1.           By Value 

10.3.7.2.      Market Share & Forecast

10.3.7.2.1.           By Loading Facility

10.3.7.2.2.           By Application

10.3.7.2.3.           By Fuel

11.  South America Shuttle Tanker Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Loading Facility

11.2.2.  By Application

11.2.3.  By Fuel

11.2.4.  By Country

11.3.              South America: Country Analysis

11.3.1.  Brazil Shuttle Tanker Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value 

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Loading Facility

11.3.1.2.2.           By Application

11.3.1.2.3.           By Fuel

11.3.2.  Argentina Shuttle Tanker Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value 

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Loading Facility

11.3.2.2.2.           By Application

11.3.2.2.3.           By Fuel

11.3.3.  Colombia Shuttle Tanker Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value 

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Loading Facility

11.3.3.2.2.           By Application

11.3.3.2.3.           By Fuel

11.3.4.  Peru Shuttle Tanker Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value 

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Loading Facility

11.3.4.2.2.           By Application

11.3.4.2.3.           By Fuel

11.3.5.  Chile Shuttle Tanker Market Outlook

11.3.5.1.      Market Size & Forecast

11.3.5.1.1.           By Value 

11.3.5.2.      Market Share & Forecast

11.3.5.2.1.           By Loading Facility

11.3.5.2.2.           By Application

11.3.5.2.3.           By Fuel

12.  Middle East & Africa Shuttle Tanker Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Loading Facility

12.2.2.  By Application

12.2.3.  By Fuel

12.2.4.  By Country

12.3.              Middle East & Africa: Country Analysis

12.3.1.  Saudi Arabia Shuttle Tanker Market Outlook

12.3.1.1.      Market Size & Forecast

12.3.1.1.1.           By Value 

12.3.1.2.      Market Share & Forecast

12.3.1.2.1.           By Loading Facility

12.3.1.2.2.           By Application

12.3.1.2.3.           By Fuel

12.3.2.  South Africa Shuttle Tanker Market Outlook

12.3.2.1.      Market Size & Forecast

12.3.2.1.1.           By Value 

12.3.2.2.      Market Share & Forecast

12.3.2.2.1.           By Loading Facility

12.3.2.2.2.           By Application

12.3.2.2.3.           By Fuel

12.3.3.  UAE Shuttle Tanker Market Outlook

12.3.3.1.      Market Size & Forecast

12.3.3.1.1.           By Value 

12.3.3.2.      Market Share & Forecast

12.3.3.2.1.           By Loading Facility

12.3.3.2.2.           By Application

12.3.3.2.3.           By Fuel

12.3.4.  Iraq Shuttle Tanker Market Outlook

12.3.4.1.      Market Size & Forecast

12.3.4.1.1.           By Value 

12.3.4.2.      Market Share & Forecast

12.3.4.2.1.           By Loading Facility

12.3.4.2.2.           By Application

12.3.4.2.3.           By Fuel

12.3.5.  Turkey Shuttle Tanker Market Outlook

12.3.5.1.      Market Size & Forecast

12.3.5.1.1.           By Value 

12.3.5.2.      Market Share & Forecast

12.3.5.2.1.           By Loading Facility

12.3.5.2.2.           By Application

12.3.5.2.3.           By Fuel

13.  Market Dynamics

13.1.  Drivers

13.2.  Challenges

14.  Market Trends & Developments

15.  Company Profiles

15.1.  Tsakos Energy Navigation Limited

15.2.  Teekay Shuttle Tankers L.L.C

15.3.  Knutsen NYK Offshore Tankers

15.4.  AET Tanker Holdings

15.5.  Nordic American Tankers Limited

16.  Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Parvati Sharma

Account Manager BD
Press Release

Shuttle Tanker Market to be dominated by Crude Oil fuel through 2026

Dec, 2021

Technological advancements and exploration of new oil and gas reserves are driving the growth in Global Shuttle Tanker Market in the forecast period, 2022-2026.