Diesel Retail Market Trends and Forecast
The future of the global diesel retail market looks promising with opportunities in the car, truck, and train markets. The global diesel retail market is expected to grow with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are growing need for diesel in commercial transportation and increasing diesel consumption in developing regions.
• Lucintel forecasts that DIESEL #1 is expected to witness the higher growth over the forecast period.
• Within this market, car is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: ExxonMobil announced plans to expand its diesel retail network by 15% in response to increased demand from the transportation and industrial sectors, aligning with the governmentÄX%$%Xs focus on energy security and infrastructure development.
India: Bharat Petroleum Corporation Limited (BPCL) set a target to increase diesel sales by 10% through improved distribution channels and customer engagement strategies, supported by government initiatives to boost economic growth and industrial productivity.
Germany: Shell Germany launched a diesel loyalty program offering discounts and rewards to commercial fleet operators, aiming to strengthen customer loyalty and market share in the competitive diesel retail segment amidst government regulations promoting cleaner fuels.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Diesel Retail by Segment
The study includes a forecast for the global diesel retail by type, application, and region.
Diesel Retail Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• DIESEL #1
• DIESEL #2
Diesel Retail Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Car
• Truck
• Train
• Others
Diesel Retail Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Diesel Retail Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies diesel retail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the diesel retail companies profiled in this report include-
• Exxon Mobil Corporation
• Devon Energy
• Chevron
• Marathon Petroleum
• Phillips 66
• Valero Energy
• HollyFrontier
• Enbridge
• Suncor Energy
• Cenovus Energy
Recent Development in the Diesel Retail Market
ExxonMobil: ExxonMobil has introduced low-sulfur diesel fuels compliant with international environmental standards, aiming to reduce emissions and meet regulatory requirements, contributing to a cleaner diesel retail market globally.
BP (British Petroleum): BP has invested in renewable diesel production facilities, focusing on sustainable fuel alternatives to traditional diesel, in line with its commitment to carbon neutrality and environmental sustainability in the global energy sector.
Shell: Shell has launched a digital platform for diesel retail customers, offering online ordering, payment, and delivery services for enhanced convenience and efficiency, catering to the evolving needs of commercial and industrial diesel users worldwide.
TotalEnergies: TotalEnergies has partnered with automotive manufacturers to develop advanced diesel engine technologies, improving fuel efficiency and reducing emissions, addressing environmental concerns and enhancing competitiveness in the global diesel retail market.
Chevron: Chevron has expanded its diesel retail network in emerging markets, targeting increased accessibility and availability of high-quality diesel fuels to support economic growth and infrastructure development in developing regions across the globe.
Features of the Global Diesel Retail Market
Market Size Estimates: Diesel retail market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Diesel retail market size by type, application, and region in terms of value ($B).
Regional Analysis: Diesel retail market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the diesel retail market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the diesel retail market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for diesel retail market?
Answer: The global diesel retail market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the diesel retail market?
Answer: The major drivers for this market are growing need for diesel in commercial transportation and increasing diesel consumption in developing regions.
Q3. What are the major segments for diesel retail market?
Answer: The future of the diesel retail market looks promising with opportunities in the car, truck, and train markets.
Q4. Who are the key diesel retail market companies?
Answer: Some of the key diesel retail companies are as follows:
• Exxon Mobil Corporation
• Devon Energy
• Chevron
• Marathon Petroleum
• Phillips 66
• Valero Energy
• HollyFrontier
• Enbridge
• Suncor Energy
• Cenovus Energy
Q5. Which diesel retail market segment will be the largest in future?
Answer: Lucintel forecasts that DIESEL #1 is expected to witness the higher growth over the forecast period.
Q6. In diesel retail market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the diesel retail market by type (DIESEL #1 and DIESEL #2), application (car, truck, train, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Diesel Retail Market Market, Diesel Retail Market Market Size, Diesel Retail Market Market Growth, Diesel Retail Market Market Analysis, Diesel Retail Market Market Report, Diesel Retail Market Market Share, Diesel Retail Market Market Trends, Diesel Retail Market Market Forecast, Diesel Retail Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.