Selected research
Industry Growth & Trends
Global Very Large Crude Carrier (VLCC) Industry Growth and Trends Forecast to 2032
Market perspective
The global Very Large Crude Carrier (VLCC) market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Very Large Crude Carrier (VLCC) is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Very Large Crude Carrier (VLCC) is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Very Large Crude Carrier (VLCC) is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Very Large Crude Carrier (VLCC) include STX SHIPBUILDING, Samsung Heavy Industries, Namura Shipbuilding, Mitsui E&S Holdings Co.,Ltd., KOTC ICT GROUP, HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD. and China CSSC Holdings Limited, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Very Large Crude Carrier (VLCC) market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Very Large Crude Carrier (VLCC) market size, estimates, and forecasts are presented in terms of sales volume (Units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Very Large Crude Carrier (VLCC) market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Very Large Crude Carrier (VLCC).
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Very Large Crude Carrier (VLCC) market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Very Large Crude Carrier (VLCC) Market by Company
STX SHIPBUILDING
Samsung Heavy Industries
Namura Shipbuilding
Mitsui E&S Holdings Co.,Ltd.
KOTC ICT GROUP
HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD.
China CSSC Holdings Limited
Very Large Crude Carrier (VLCC) Segment by Type
Energy Saving and Environmental Protection Type
Regular Type
Very Large Crude Carrier (VLCC) Segment by Application
Refined Oil Transport
Crude Oil Transportation
Other
Very Large Crude Carrier (VLCC) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Very Large Crude Carrier (VLCC) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Very Large Crude Carrier (VLCC) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Very Large Crude Carrier (VLCC).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Very Large Crude Carrier (VLCC) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Very Large Crude Carrier (VLCC) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Energy Saving and Environmental Protection Type
- Regular Type
Applications
- Refined Oil Transport
- Crude Oil Transportation
- Other
Companies covered
- STX SHIPBUILDING
- Samsung Heavy Industries
- Namura Shipbuilding
- Mitsui E&S Holdings Co.,Ltd.
- KOTC ICT GROUP
- HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD.
- China CSSC Holdings Limited
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Very Large Crude Carrier (VLCC) Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Very Large Crude Carrier (VLCC) Sales Estimates and Forecasts (2021-2032)
- 1.3 Very Large Crude Carrier (VLCC) Market by Type
- 1.3.1 Energy Saving and Environmental Protection Type
- 1.3.2 Regular Type
- 1.4 Global Very Large Crude Carrier (VLCC) Market Size by Type
- 1.4.1 Global Very Large Crude Carrier (VLCC) Market Size Overview by Type (2021-2032)
- 1.4.2 Global Very Large Crude Carrier (VLCC) Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Very Large Crude Carrier (VLCC) Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Very Large Crude Carrier (VLCC) Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Very Large Crude Carrier (VLCC) Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Very Large Crude Carrier (VLCC) Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Very Large Crude Carrier (VLCC) Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Very Large Crude Carrier (VLCC) Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Very Large Crude Carrier (VLCC) Industry Trends
- 2.2 Very Large Crude Carrier (VLCC) Industry Drivers
- 2.3 Very Large Crude Carrier (VLCC) Industry Opportunities and Challenges
- 2.4 Very Large Crude Carrier (VLCC) Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Very Large Crude Carrier (VLCC) Revenue (2021-2026)
- 3.2 Global Top Players by Very Large Crude Carrier (VLCC) Sales (2021-2026)
- 3.3 Global Top Players by Very Large Crude Carrier (VLCC) Price (2021-2026)
- 3.4 Global Very Large Crude Carrier (VLCC) Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Very Large Crude Carrier (VLCC) Major Company Production Sites & Headquarters
- 3.6 Global Very Large Crude Carrier (VLCC) Company, Product Type & Application
- 3.7 Global Very Large Crude Carrier (VLCC) Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Very Large Crude Carrier (VLCC) Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Very Large Crude Carrier (VLCC) Players Market Share by Revenue in 2025
- 3.8.3 2025 Very Large Crude Carrier (VLCC) Tier 1, Tier 2, and Tier 3
4 Very Large Crude Carrier (VLCC) Regional Status and Outlook
- 4.1 Global Very Large Crude Carrier (VLCC) Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Very Large Crude Carrier (VLCC) Historic Market Size by Region
- 4.2.1 Global Very Large Crude Carrier (VLCC) Sales in Volume by Region (2021-2026)
- 4.2.2 Global Very Large Crude Carrier (VLCC) Sales in Value by Region (2021-2026)
- 4.2.3 Global Very Large Crude Carrier (VLCC) Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Very Large Crude Carrier (VLCC) Forecasted Market Size by Region
- 4.3.1 Global Very Large Crude Carrier (VLCC) Sales in Volume by Region (2027-2032)
- 4.3.2 Global Very Large Crude Carrier (VLCC) Sales in Value by Region (2027-2032)
- 4.3.3 Global Very Large Crude Carrier (VLCC) Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Very Large Crude Carrier (VLCC) by Application
- 5.1 Very Large Crude Carrier (VLCC) Market by Application
- 5.1.1 Refined Oil Transport
- 5.1.2 Crude Oil Transportation
- 5.1.3 Other
- 5.2 Global Very Large Crude Carrier (VLCC) Market Size by Application
- 5.2.1 Global Very Large Crude Carrier (VLCC) Market Size Overview by Application (2021-2032)
- 5.2.2 Global Very Large Crude Carrier (VLCC) Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Very Large Crude Carrier (VLCC) Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Very Large Crude Carrier (VLCC) Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Very Large Crude Carrier (VLCC) Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Very Large Crude Carrier (VLCC) Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Very Large Crude Carrier (VLCC) Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Very Large Crude Carrier (VLCC) Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 STX SHIPBUILDING
- 6.1.1 STX SHIPBUILDING Company Information
- 6.1.2 STX SHIPBUILDING Business Overview
- 6.1.3 STX SHIPBUILDING Very Large Crude Carrier (VLCC) Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 STX SHIPBUILDING Very Large Crude Carrier (VLCC) Product Portfolio
- 6.1.5 STX SHIPBUILDING Recent Developments
- 6.2 Samsung Heavy Industries
- 6.2.1 Samsung Heavy Industries Company Information
- 6.2.2 Samsung Heavy Industries Business Overview
- 6.2.3 Samsung Heavy Industries Very Large Crude Carrier (VLCC) Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Samsung Heavy Industries Very Large Crude Carrier (VLCC) Product Portfolio
- 6.2.5 Samsung Heavy Industries Recent Developments
- 6.3 Namura Shipbuilding
- 6.3.1 Namura Shipbuilding Company Information
- 6.3.2 Namura Shipbuilding Business Overview
- 6.3.3 Namura Shipbuilding Very Large Crude Carrier (VLCC) Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Namura Shipbuilding Very Large Crude Carrier (VLCC) Product Portfolio
- 6.3.5 Namura Shipbuilding Recent Developments
- 6.4 Mitsui E&S Holdings Co.,Ltd.
- 6.4.1 Mitsui E&S Holdings Co.,Ltd. Company Information
- 6.4.2 Mitsui E&S Holdings Co.,Ltd. Business Overview
- 6.4.3 Mitsui E&S Holdings Co.,Ltd. Very Large Crude Carrier (VLCC) Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Mitsui E&S Holdings Co.,Ltd. Very Large Crude Carrier (VLCC) Product Portfolio
- 6.4.5 Mitsui E&S Holdings Co.,Ltd. Recent Developments
- 6.5 KOTC ICT GROUP
- 6.5.1 KOTC ICT GROUP Company Information
- 6.5.2 KOTC ICT GROUP Business Overview
- 6.5.3 KOTC ICT GROUP Very Large Crude Carrier (VLCC) Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 KOTC ICT GROUP Very Large Crude Carrier (VLCC) Product Portfolio
- 6.5.5 KOTC ICT GROUP Recent Developments
- 6.6 HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD.
- 6.6.1 HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD. Company Information
- 6.6.2 HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD. Business Overview
- 6.6.3 HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD. Very Large Crude Carrier (VLCC) Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD. Very Large Crude Carrier (VLCC) Product Portfolio
- 6.6.5 HYUNDAI SAMHO HEAVY INDUSTRIES CO.,LTD. Recent Developments
- 6.7 China CSSC Holdings Limited
- 6.7.1 China CSSC Holdings Limited Company Information
- 6.7.2 China CSSC Holdings Limited Business Overview
- 6.7.3 China CSSC Holdings Limited Very Large Crude Carrier (VLCC) Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 China CSSC Holdings Limited Very Large Crude Carrier (VLCC) Product Portfolio
- 6.7.5 China CSSC Holdings Limited Recent Developments
7 North America by Country
- 7.1 North America Very Large Crude Carrier (VLCC) Sales by Country
- 7.1.1 North America Very Large Crude Carrier (VLCC) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Very Large Crude Carrier (VLCC) Sales by Country (2021-2026)
- 7.1.3 North America Very Large Crude Carrier (VLCC) Sales Forecast by Country (2027-2032)
- 7.2 North America Very Large Crude Carrier (VLCC) Market Size by Country
- 7.2.1 North America Very Large Crude Carrier (VLCC) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Very Large Crude Carrier (VLCC) Market Size by Country (2021-2026)
- 7.2.3 North America Very Large Crude Carrier (VLCC) Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Very Large Crude Carrier (VLCC) Sales by Country
- 8.1.1 Europe Very Large Crude Carrier (VLCC) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Very Large Crude Carrier (VLCC) Sales by Country (2021-2026)
- 8.1.3 Europe Very Large Crude Carrier (VLCC) Sales Forecast by Country (2027-2032)
- 8.2 Europe Very Large Crude Carrier (VLCC) Market Size by Country
- 8.2.1 Europe Very Large Crude Carrier (VLCC) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Very Large Crude Carrier (VLCC) Market Size by Country (2021-2026)
- 8.2.3 Europe Very Large Crude Carrier (VLCC) Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Very Large Crude Carrier (VLCC) Sales by Country
- 9.1.1 Asia-Pacific Very Large Crude Carrier (VLCC) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Very Large Crude Carrier (VLCC) Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Very Large Crude Carrier (VLCC) Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Very Large Crude Carrier (VLCC) Market Size by Country
- 9.2.1 Asia-Pacific Very Large Crude Carrier (VLCC) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Very Large Crude Carrier (VLCC) Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Very Large Crude Carrier (VLCC) Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Very Large Crude Carrier (VLCC) Sales by Country
- 10.1.1 South America Very Large Crude Carrier (VLCC) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Very Large Crude Carrier (VLCC) Sales by Country (2021-2026)
- 10.1.3 South America Very Large Crude Carrier (VLCC) Sales Forecast by Country (2027-2032)
- 10.2 South America Very Large Crude Carrier (VLCC) Market Size by Country
- 10.2.1 South America Very Large Crude Carrier (VLCC) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Very Large Crude Carrier (VLCC) Market Size by Country (2021-2026)
- 10.2.3 South America Very Large Crude Carrier (VLCC) Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Very Large Crude Carrier (VLCC) Sales by Country
- 11.1.1 Middle East and Africa Very Large Crude Carrier (VLCC) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Very Large Crude Carrier (VLCC) Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Very Large Crude Carrier (VLCC) Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Very Large Crude Carrier (VLCC) Market Size by Country
- 11.2.1 Middle East and Africa Very Large Crude Carrier (VLCC) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Very Large Crude Carrier (VLCC) Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Very Large Crude Carrier (VLCC) Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Very Large Crude Carrier (VLCC) Value Chain Analysis
- 12.1.1 Very Large Crude Carrier (VLCC) Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Very Large Crude Carrier (VLCC) Production Mode & Process
- 12.2 Very Large Crude Carrier (VLCC) Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Very Large Crude Carrier (VLCC) Distributors
- 12.2.3 Very Large Crude Carrier (VLCC) Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
GET THE RESEARCH
Choose your license.
Choose who needs access.
All options are for this report and research series.
PDF by email within 3–5 working days after payment confirmation.
Talk to an analyst