Market Overview:
The global marine fuel services market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for marine fuel services from various end-use applications such as cargo vessels, coast guard vessels, environmental & research vessels, fishing boats, and others. In terms of type, the fleet fueling segment is projected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing demand for marine fuel services from large commercial ships and cruise liners operating across different regions worldwide.
Product Definition:
Marine fuel services are the provision of goods and services used in the operation of a vessel. These include items such as fuel, lubricants, oil-water separators, and waste management systems. The importance of marine fuel services is that they allow vessels to operate safely and efficiently while at sea. Without these necessary supplies, a vessel would not be able to function properly.
Global Marine Fuel Services Market Size Growth Rate by Service Type: 2016 VS 2021 VS 2027:
Global marine fuel services market was valued at USD 6.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2021 to 2027. Increasing demand for reliable, fast, and efficient marine transportation along with growing trade activities across the globe is anticipated to drive the market over the forecast period. The rise in maritime transportations has led to an increase in oil consumption which directly affects fuel prices globally as well as locally.
Fleet Fueling:
Fleet fueling and it's usage in the marine fuel services market is a process where ships are supplied with fuel from depots either at sea or in port. Fleet fueling can be done with diesel or petrol, however, most of the time it is done with petrol. It saves on cost and time as well as reduces emissions.
The global fleet fueling.
Application Insights:
The cargo vessel segment accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to an increase in global trade activities that require large vessels with deep drafts for transportation. These vessels are also used for commercial fishing operations, which further drives their demand as marine fuel services are essential while operating such huge ships across various regions.
Fishing boats form another important application segment owing to their usage across different parts of the world including Africa, Asia Pacific and North America; these boats travel from one place to another catching fishes along the way. Such short trips make them susceptible to weather conditions especially during winters when they venture out into colder waters; hence they need a constant supply of fuel so that they can reach their destination safely and on time.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to factors such as growing maritime trade, increasing investments by shipping companies and ports, and rising demand for recreational boating activities. Moreover, countries such as China are making huge investments for developing marine infrastructure which will further boost regional growth.
The Asia Pacific was followed by North America with a share of 23% in terms of revenue in 2017 on account of presence of a large number fishing boats along with other vessels operating at sea that require refueling services along their journey. Europe also holds a significant market share owing to presence major oil companies including BP PLC., Shell Oil Company (RDS-B), Total S.A., Petroliam Nasional Bhd.
Growth Factors:
- Increasing demand for marine fuel services due to the growth of maritime trade and globalisation.
- Proliferation of new shipping technologies and regulations that promote the use of cleaner fuels, which will drive demand for marine fuel services.
- The increasing number of cruise ships and ferries in operation, which will lead to an increase in the need for marine fuelling services.
- The development of new ports and terminals, which will create opportunities for marine fuel service providers to expand their operations into new markets.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Fuel Services Market Research Report
By Type
Global Marine Fuel Services Market Size Growth Rate by Service Type: 2016 VS 2021 VS 2027, Fleet Fueling, Bulk Fuel Transportation, Retail Fueling, Others
By Application
Cargo Vessels, Coast Guard Vessels, Environmental & Research Vessels, Fishing Boats, Others
By Companies
Ramos Oil Company, Atlas Oil, The Jankovich Company, Clipper Oil, Inc, Ventura Harbor, Rubis, Seneca Companies, Feece Oil Co., National Marine Suppliers Inc, Martin Energy Services, World Fuel Services, Teekay Fuel Services
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Marine Fuel Services Market Report Segments:
The global Marine Fuel Services market is segmented on the basis of:
Types
Global Marine Fuel Services Market Size Growth Rate by Service Type: 2016 VS 2021 VS 2027, Fleet Fueling, Bulk Fuel Transportation, Retail Fueling, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cargo Vessels, Coast Guard Vessels, Environmental & Research Vessels, Fishing Boats, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ramos Oil Company
- Atlas Oil
- The Jankovich Company
- Clipper Oil, Inc
- Ventura Harbor
- Rubis
- Seneca Companies
- Feece Oil Co.
- National Marine Suppliers Inc
- Martin Energy Services
- World Fuel Services
- Teekay Fuel Services
Highlights of The Marine Fuel Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Global Marine Fuel Services Market Size Growth Rate by Service Type: 2016 VS 2021 VS 2027
- Fleet Fueling
- Bulk Fuel Transportation
- Retail Fueling
- Others
- By Application:
- Cargo Vessels
- Coast Guard Vessels
- Environmental & Research Vessels
- Fishing Boats
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Fuel Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine Fuel Services is a company that provides fuel to commercial and military vessels. It also offers related services such as storage, transportation, and delivery.
Some of the major companies in the marine fuel services market are Ramos Oil Company, Atlas Oil, The Jankovich Company, Clipper Oil, Inc, Ventura Harbor, Rubis, Seneca Companies, Feece Oil Co., National Marine Suppliers Inc, Martin Energy Services, World Fuel Services, Teekay Fuel Services.
The marine fuel services market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Fuel Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Fuel Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Fuel Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Fuel Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Fuel Services Market Size & Forecast, 2018-2028
4.5.1 Marine Fuel Services Market Size and Y-o-Y Growth
4.5.2 Marine Fuel Services Market Absolute $ Opportunity
Chapter 5 Global Marine Fuel Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Marine Fuel Services Market Size Forecast by Type
5.2.1 Global Marine Fuel Services Market Size Growth Rate by Service Type: 2016 VS 2021 VS 2027
5.2.2 Fleet Fueling
5.2.3 Bulk Fuel Transportation
5.2.4 Retail Fueling
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Fuel Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Marine Fuel Services Market Size Forecast by Applications
6.2.1 Cargo Vessels
6.2.2 Coast Guard Vessels
6.2.3 Environmental & Research Vessels
6.2.4 Fishing Boats
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Fuel Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Fuel Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Fuel Services Analysis and Forecast
9.1 Introduction
9.2 North America Marine Fuel Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Fuel Services Market Size Forecast by Type
9.6.1 Global Marine Fuel Services Market Size Growth Rate by Service Type: 2016 VS 2021 VS 2027
9.6.2 Fleet Fueling
9.6.3 Bulk Fuel Transportation
9.6.4 Retail Fueling
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Marine Fuel Services Market Size Forecast by Applications
9.10.1 Cargo Vessels
9.10.2 Coast Guard Vessels
9.10.3 Environmental & Research Vessels
9.10.4 Fishing Boats
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Marine Fuel Services Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Fuel Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Fuel Services Market Size Forecast by Type
10.6.1 Global Marine Fuel Services Market Size Growth Rate by Service Type: 2016 VS 2021 VS 2027
10.6.2 Fleet Fueling
10.6.3 Bulk Fuel Transportation
10.6.4 Retail Fueling
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Marine Fuel Services Market Size Forecast by Applications
10.10.1 Cargo Vessels
10.10.2 Coast Guard Vessels
10.10.3 Environmental & Research Vessels
10.10.4 Fishing Boats
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Marine Fuel Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Fuel Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Fuel Services Market Size Forecast by Type
11.6.1 Global Marine Fuel Services Market Size Growth Rate by Service Type: 2016 VS 2021 VS 2027
11.6.2 Fleet Fueling
11.6.3 Bulk Fuel Transportation
11.6.4 Retail Fueling
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Marine Fuel Services Market Size Forecast by Applications
11.10.1 Cargo Vessels
11.10.2 Coast Guard Vessels
11.10.3 Environmental & Research Vessels
11.10.4 Fishing Boats
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Marine Fuel Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Fuel Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Fuel Services Market Size Forecast by Type
12.6.1 Global Marine Fuel Services Market Size Growth Rate by Service Type: 2016 VS 2021 VS 2027
12.6.2 Fleet Fueling
12.6.3 Bulk Fuel Transportation
12.6.4 Retail Fueling
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Marine Fuel Services Market Size Forecast by Applications
12.10.1 Cargo Vessels
12.10.2 Coast Guard Vessels
12.10.3 Environmental & Research Vessels
12.10.4 Fishing Boats
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Marine Fuel Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Fuel Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Fuel Services Market Size Forecast by Type
13.6.1 Global Marine Fuel Services Market Size Growth Rate by Service Type: 2016 VS 2021 VS 2027
13.6.2 Fleet Fueling
13.6.3 Bulk Fuel Transportation
13.6.4 Retail Fueling
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Marine Fuel Services Market Size Forecast by Applications
13.10.1 Cargo Vessels
13.10.2 Coast Guard Vessels
13.10.3 Environmental & Research Vessels
13.10.4 Fishing Boats
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Fuel Services Market: Competitive Dashboard
14.2 Global Marine Fuel Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ramos Oil Company
14.3.2 Atlas Oil
14.3.3 The Jankovich Company
14.3.4 Clipper Oil, Inc
14.3.5 Ventura Harbor
14.3.6 Rubis
14.3.7 Seneca Companies
14.3.8 Feece Oil Co.
14.3.9 National Marine Suppliers Inc
14.3.10 Martin Energy Services
14.3.11 World Fuel Services
14.3.12 Teekay Fuel Services
