LNG Bunkering Market Report by Product Type (Ship-to-Ship, Truck-to-Ship, Port-to-Ship, Portable Tanks), Application (Cargo Fleet, Container Fleet, Tanker Fleet, Ferries, Inland Vessels, and Others), and Region 2025-2033

LNG Bunkering Market Report by Product Type (Ship-to-Ship, Truck-to-Ship, Port-to-Ship, Portable Tanks), Application (Cargo Fleet, Container Fleet, Tanker Fleet, Ferries, Inland Vessels, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A6203

Market Overview:

The global LNG bunkering market size reached USD 3.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.7 Billion by 2033, exhibiting a growth rate (CAGR) of 6.40% during 2025-2033.

Report Attribute
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024 USD 3.2 Billion
Market Forecast in 2033 USD 5.7 Billion
Market Growth Rate (2025-2033) 6.40%


The LNG bunkering process involves providing LNG fuel to ships for their consumption, including loading and distributing the fuel among their tanks. LNG fuel bunkering requires the bunker ship that carries the fuel and transfers it to the cargo ship or passenger ship to follow the sulfur content regulations. As LNG fuel has a lower sulfur content and requires comparatively less processing to meet the sulfur levels, it is used as an eco-friendly alternative to conventional fuel in shipping. LNG immediately reduces sulfur and particulate matter emissions to negligible levels while reducing nitrogen oxide emissions significantly. As a marine fuel, LNG has a number of benefits, including less shipping emissions, lower operating and shipment costs, safety, and non-toxic properties.

LNG Bunkering Market Trends:

The market is majorly driven by the increasing adoption of LNG as a shipping fuel with an enhanced focus on sustainable development. This can be attributed to the stringent environmental regulations regarding sulfur content in marine fuel and pollution caused by ship transportation. In line with this, continual advancements in the distribution infrastructure of LNG are providing an impetus to the market. Moreover, a significant increase in gas exploration and production activities across the globe is creating a positive outlook for the market. The market is further driven by a considerable rise in the uptake of truck-to-ship LNG bunkering practices across the globe. Apart from this, the easy availability of LNG bunker fuel in most of the major maritime hubs is impacting the market positively. The launch of LNG-powered ships resulting in the rapid development of LNG manufacturing and storage facilities are also acting as a significant growth-inducing factor for the market. Some of the other factors contributing to the market include rapid urbanization and industrialization, the growing concerns over the depletion of fossil fuels and extensive research and development (R&D) activities conducted by key players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global LNG bunkering market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on product type and application.

Breakup by Product Type:

  • Ship-to-Ship
  • Truck-to-Ship
  • Port-to-Ship
  • Portable Tanks
     

Breakup by Application:

  • Cargo Fleet
  • Container Fleet
  • Tanker Fleet
  • Ferries
  • Inland Vessels
  • Others
     

Breakup by Region:

LNG Bunkering Market By Region

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Broadview Energy Solutions B.V., Crowley Maritime Corporation, Gasum Oy, Harvey Gulf International Marine LLC, Korea Gas Corporation, Petroliam Nasional Berhad (PETRONAS), Shell plc, SHV Energy NV (SHV Holdings), TotalEnergies SE and Trelleborg AB.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units  Billion USD
Segment Coverage Product Type, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Broadview Energy Solutions B.V., Crowley Maritime Corporation, Gasum Oy, Harvey Gulf International Marine LLC, Korea Gas Corporation, Petroliam Nasional Berhad (PETRONAS), Shell plc, SHV Energy NV (SHV Holdings), TotalEnergies SE and Trelleborg AB
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global LNG bunkering market was valued at USD 3.2 Billion in 2024.

We expect the global LNG bunkering market to exhibit a CAGR of 6.40% during 2025-2033.

The rising focus on sustainable development, along with the widespread adoption of LNG as a shipping fuel, owing to the environmental regulations implemented by government bodies, is primarily driving the global LNG bunkering market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in temporary closure of numerous maritime hubs, thereby negatively impacting the global market for LNG bunkering.

Based on the product type, the global LNG bunkering market has been segmented into ship-to-ship, truck-to-ship, port-to-ship, and portable tanks. Currently, ship-to-ship holds the majority of the total market share.

Based on the application, the global LNG bunkering market can be divided into cargo fleet, container fleet, tanker fleet, ferries, inland vessels, and others. Among these, cargo fleet exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global LNG bunkering market include Broadview Energy Solutions B.V., Crowley Maritime Corporation, Gasum Oy, Harvey Gulf International Marine LLC, Korea Gas Corporation, Petroliam Nasional Berhad (PETRONAS), Shell plc, SHV Energy NV (SHV Holdings), TotalEnergies SE, and Trelleborg AB.

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LNG Bunkering Market Report by Product Type (Ship-to-Ship, Truck-to-Ship, Port-to-Ship, Portable Tanks), Application (Cargo Fleet, Container Fleet, Tanker Fleet, Ferries, Inland Vessels, and Others), and Region 2025-2033
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