Transportation fuels are fuels used in vehicles to generate energy. Crude oil is processes to prepare the transportation fuels such as gasoline, diesel, and aviation turbine fuel. Transportation fuels include gasoline, diesel, biofuels, aviation turbine fuel, etc. Global transportation industry growing at the rapid pace with growing international trade along with increasing transportation services such as railway, aviation, shipping, road, etc which in turn is fueling the demand for transportation fuels across the globe.
Transportation Fuels market is expected to gain moderate growth over the forecast period by virtue of growing demand for shipping, airlines and road transportation services for the transportation of various products across the globe. Moreover, increasing population and growth in transportation infrastructure is anticipated to augment the growth of transportation fuel across the globe. Rapid growth in number of automobiles on roads due to growth in per capita income and easy financing options is expected to fuel the demand for transportation fuels over the forecast period (2021-2029). However, stringent government policies over the emission of greenhouse gases coupled with various government initiatives to promote alternative energy sources such as solar, wind is expected to hamper the growth of transportation fuels market during the forecast period (2021-2029).
Asia Pacific is expected to largest and fastest growing region in global transportation services market. Rapid urbanization, high population coupled with increasing per capita income is anticipated to fuel the demand for automobiles and other public transports which in turn is anticipated to fuel the demand for transportation fuels in the region. Moreover, increasing international trade with other regions of the globe is also fueling the demand for transportation fuels in the region. Demand for transportation fuels in the region is projected to registered high growth over the forecast period. Followed by it, North America and Europe to contribute significant share in the global transportation fuels due to availability of efficient transportation infrastructure coupled with favorable government policies for the trade of various goods and services is expected to drive the demand for transportation fuels in the regions over the forecast period (2021-2029)
Global transportation fuels market is projected to expand at a CAGR 3.7% during the forecast period 2021-2029.
Purpose of the Report
The purpose of this strategic research study titled “Global transportation fuels market- Growth, Future Prospects, Competitive Analysis and Forecast, 2021 – 2029” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global transportation fuels market.
Target Audience
USP and Key Offerings
The report titled “Global Transportation Fuels Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2021 – 2029” offers strategic insights into the transportation fuels market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on fuel type and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading transportation fuels manufacturers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the global transportation fuels market growth, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.
On the basis of fuel type, global transportation fuels market is categorized into following types:
On the basis of fuel type, the global transportation fuels market can be segmented into Gasoline, Diesel, Aviation turbine fuel (ATF), Natural Gas, Others (Propane, Ethanol, Biofuels, Electricity).
Among all fuel type, gasoline segments was the largest segment in 2019 with global consumption of 3,021 Mn BOE. However, increase use of internal combustion engine is expected to fuel the demand for diesel which in turn is expected to hamper the demand for gasoline. Moreover, regulatory policies such as Energy Independence and Security Act of 2007 promoting blending of ethanol with gasoline is projected to reduce the consumption of gasoline by 2029. Increasing use of gas based engine in emerging economies such as India and China and other developed countries of Europe are expected to fuel the demand for natural gas segment over the forecast period. Growing production biofuels coupled with favorable regulatory policies is projected fuel the growth of others segment during the forecast period (2021-2029)
Global transportation fuels market is segmented on the basis of geography. Asia Pacific is expected to largest and fastest growing region in global transportation services market. Rapid urbanization, high population coupled with increasing per capita income is anticipated to fuel the demand for automobiles and other public transports used for passenger as well as commercial purpose which in turn is projected to fuel the demand for transportation fuels in the region. Moreover, increasing international trade with other regions of the globe is also fueling the demand for transportation fuels in the Asia Pacific region. Followed by it, North America and Europe to together contribute 40% of revenue share in the global transportation fuels due to availability of efficient transportation infrastructure, high per capita income coupled with favorable government policies for the trade of various goods and services is expected to drive the demand for transportation fuels in the regions over the forecast period. Other regions such as Latin America especially Brazil to contribute to the significant revenue share in the global transportation fuels market as large number of vehicles run on E85 grade which in turn is projected to fuel the demand of ethanol along with gasoline by 2029. Overall, demand for transportation fuels is expected to register moderate growth during the forecast period (2021-2029).
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Transportation Fuel market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Fuel
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
