Dublin, March 29, 2019 (GLOBE NEWSWIRE) -- The "Global Bunkering Services Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 to 2026" report has been added to ResearchAndMarkets.com's offering.
The global market for bunkering services is expected to cross US$ 165.5 Bn by 2026 at a CAGR of 5.6% throughout the forecast period from 2018 to 2026.
Majority of demand for bunkering services is from cargo vessels and is expected to maintain its dominating position throughout the forecast period from 2018 to 2016.
Fishing vessels are among the most common users of bunker tankers and is expected to witness the fastest growth with an increasing number of large size fishing vessels and rising demand for seafood. A fishery is an important business sector for numerous countries across the world that cater to the huge demand for seafood and are involved in large scale fishing operations.
Large fishing vessels typically spend days at the sea and require a substantial amount of fuel. These vessels are dependent on bunker tankers for their fuel supply. MGO and MDO have commonly used fuels by fishing vessels. MGO contains varying degrees of sulfur content. However, the maximum permissible sulfur content lies below that of HFO. Low sulfur marine gas oil contains less than 0.1% sulfur.
The Asia Pacific is the largest end-use segment for bunker tanker services market and also expected to witness the fastest growth throughout the forecast period.
The global bunker tanker services market comprise a large number of established players. The global market is governed by the major players in the Asia Pacific. The global bunker tankers market is fragmented in nature with a large number of established multinational as well as domestic players.
Majority of the market players emphasize on an expansion of service by a strategic alliance with bunker traders and by increasing service network in major trading countries. High entry barriers for new entrants due to complex regulations, high cost, and time-consuming certification processes and high initial capital requirement is limiting the number of new players in this industry.
Key Topics Covered
Chapter 1 Preface
1.1 Report Description
1.2 Research Methodology
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Bunkering Services Market
2.2 Global Bunkering Services Market, By Fuel Grade, 2017, (US$ Bn)
2.3 Global Bunkering Services Market, By Vessel Type, 2017 (US$ Bn)
2.4 Global Bunkering Services Market, By Geography, 2017 (US$ Bn)
Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Bunkering Services Market Revenue, 2016 - 2026, (US$ Mn) (Mn Units)
3.2 Market Trends
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.2 Market Challenges
3.3.3 Impact Analysis of Drivers and Restraints
3.4 Value Chain Analysis
3.4.1 Value Chain Analysis: Global Bunkering Servicess Market
3.5 Market Attractive Analysis
3.6 Competitive Landscape
3.6.1 Market Positioning of Key Market Players
3.6.2 Major Market Strategies Adopted By Key Market Participants
Chapter 4 Global Bunkering Services Market Revenue, By Fuel Grade, 2016 - 2026(US$ Bn)
4.1 Comparative Analysis
4.2 MDO Fuel Market, 2016 - 2026 (US$ Bn)
4.3 MGO Fuel Market, 2016 - 2026 (US$ Bn)
4.4 MFO Fuel Market, 2016 - 2026 (US$ Bn)
4.5 IFO Fuel Market, 2016 - 2026 (US$ Bn)
4.6 HFO Fuel Market, 2016 - 2026 (US$ Bn)
Chapter 5 Global Bunkering Services Market Revenue, By Application, 2016 - 2026 (US$ Bn)
5.1 Comparative Analysis
5.2 Bunkering Servicess Market for Tankers, 2016 - 2026, (US$ Bn)
5.3 Bunkering Servicess Market for Container Ships, 2016 - 2026, (US$ Bn)
5.4 Bunkering Servicess Market for Bulk Carriers, 2016 - 2026, (US$ Bn)
5.5 Bunkering Servicess Market for Fishing Vessels, 2016 - 2026, (US$ Bn)
5.6 Bunkering Servicess Market for Other Ships, 2016 - 2026, (US$ Bn)
Chapter 6 North America Bunkering Services Market Analysis
Chapter 7 Europe Bunkering Services Market Analysis
Chapter 8 Asia Pacific Bunkering Services Market Analysis
Chapter 9 Rest of the World (RoW) Bunkering Services Market Analysis
Chapter 10 Company Profiles
10.1 Bomin Bunker Oil Corp.
10.2 Lukoil-Bunker LLC
10.3 Aegean Marine Petroleum Network Inc.
10.4 Chemoil Energy Limited
10.5 BP PLC
10.6 World Fuel Services Corporation.
10.7 Bunker Holding A/S
10.8 Gazpromneft Marine Bunker LLC
10.9 GAC Bunker Fuels Ltd.
10.10 Royal Dutch Shell PLC
10.11 Exxon Mobil Corporation
10.12 KPI Bridge Oil A/S
For more information about this report visit https://www.researchandmarkets.com/research/m37vqk/global_165_5bn?w=12
Global $165.5Bn Bunkering Services Market by 2026: Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies
| Source: Research and Markets