Market Overview

According to fortune business insights, the global LNG carriers market size was valued at USD 16.71 billion in 2025. The market is projected to grow from USD 18.04 billion in 2026 to USD 33.37 billion by 2034, exhibiting a CAGR of 7.99% during the forecast period.

Major Players Profiled in the Market Report:

• Samsung Heavy Industries Co. Ltd
• Hyundai Samho Heavy Industries Co. Ltd
• Daewoo Shipbuilding and Marine Engineering Co. Ltd
• STX Offshore and Shipbuilding CO., LTD.
• Mitsubishi Heavy Industries Ltd
• Kawasaki Heavy Industries Ltd
• China Shipbuilding Trading Co. Ltd
• Japan Marine United Corporation
• HJ Shipbuilding & Construction Company, Ltd.
• Mitsui O. S. K. Lines Ltd (MOL)
• GTT

Segments

Membrane Type to Dominate Due to Higher Carrying Capacity

Based on containment type, the market is bifurcated into moss and membrane. The membrane type segment dominates the market as its compact and efficient design allows for a higher LNG carrying capacity compared to the moss type.

Slow-speed Dual Fuel Engines to Lead Due to High Efficiency

By propulsion type, the market is distributed among steam turbines, slow-speed dual-fuel engines, steam re-heat and stage, and others. Slow-speed dual-fuel engines are the leading segment, offering significant propulsion efficiency advantages over traditional steam turbines.

120,000-160,000 Cubic Meter Segment to Dominate Due to Versatility