Transportation Fuel Market Trends and Forecast
The future of the global transportation fuel market looks promising with opportunities in the gasoline engine, aviation, and gas turbine markets. The global transportation fuel market is expected to grow with a CAGR of 2.4% from 2024 to 2030. The major drivers for this market are growing global population and urbanization, stringent emission standards and policies promoting the use of cleaner transportation fuels, and innovations in fuel efficiency and alternative fuels such as biofuels and electric vehicles impacting the transportation fuels.
• Lucintel forecasts that gasoline is expected to witness higher growth over the forecast period.
• Within this market, gasoline engine is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Transportation Fuel Market
• United States - Chevron announced plans to expand biofuel production, aiming to meet renewable fuel standards. Government incentives support biofuel infrastructure development to reduce carbon emissions.
• Brazil - Petrobras increased ethanol blending in gasoline to reduce dependence on imported fuels. Government mandates promote ethanol as a sustainable fuel option.
• China - Sinopec accelerated the adoption of hydrogen fuel cell vehicles with new refueling stations. Government initiatives promote hydrogen as a clean energy solution for transportation.
• Germany - Volkswagen committed to electric vehicle production, investing in charging infrastructure. Government subsidies and regulations support the transition to electric mobility for reduced emissions
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Transportation Fuel Market by Segment
The study includes a forecast for the global transportation fuel market by type, application, and region.
Transportation Fuel Market by Type [Value from 2018 to 2030]:
• Gasoline
• Diesel
• Others
Transportation Fuel Market by Application [Value from 2018 to 2030]:
• Gasoline Engine
• Aviation
• Gas Turbine
• Others
Transportation Fuel Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Transportation Fuel 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 transportation fuel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the transportation fuel companies profiled in this report include-
• Shell
• BP
• Chevron Corporation
• Essar Oil
• ExxonMobil
• PetroChina
• Petrobras
• Phillips 66
• Royal Dutch Shell
• Saudi Arabian Oil
Recent Development in the Transportation Fuel Market
• BP : BP announced investments in advanced biofuels production to meet sustainability goals and reduce carbon footprint in transportation fuels.
• ExxonMobil : ExxonMobil developed a new technology for producing low-carbon hydrogen to be used in fuel cell vehicles, aiming to support cleaner transportation solutions.
• Shell : Shell launched initiatives to expand its network of electric vehicle charging stations globally, facilitating the transition to electric mobility and reducing reliance on traditional transportation fuels.
• TotalEnergies : TotalEnergies introduced a new range of renewable diesel and biojet fuels, focusing on reducing greenhouse gas emissions in aviation and road transportation sectors.
Features of the Global Transportation Fuel Market
Market Size Estimates: Transportation fuel market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Transportation fuel market size by type, application, and region in terms of value ($B).
Regional Analysis: Transportation fuel 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 transportation fuel market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the transportation fuel market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for transportation fuel market?
Answer: The global transportation fuel market is expected to grow with a CAGR of 2.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the transportation fuel market?
Answer: The major drivers for this market are growing global population and urbanization, stringent emission standards and policies promoting the use of cleaner transportation fuels, and innovations in fuel efficiency and alternative fuels such as biofuels and electric vehicles impacting the transportation fuels.
Q3. What are the major segments for transportation fuel market?
Answer: The future of the global transportation fuel market looks promising with opportunities in the gasoline engine, aviation, and gas turbine markets.
Q4. Who are the key transportation fuel market companies?
Answer: Some of the key transportation fuel companies are as follows:
• Shell
• BP
• Chevron Corporation
• Essar Oil
• ExxonMobil
• PetroChina
• Petrobras
• Phillips 66
• Royal Dutch Shell
• Saudi Arabian Oil
Q5. Which transportation fuel market segment will be the largest in future?
Answer: Lucintel forecasts that gasoline is expected to witness higher growth over the forecast period.
Q6. In transportation fuel market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the 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 transportation fuel market by type (gasoline, diesel, and others), application (gasoline engine, aviation, gas turbine, 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 Transportation Fuel Market Market, Transportation Fuel Market Market Size, Transportation Fuel Market Market Growth, Transportation Fuel Market Market Analysis, Transportation Fuel Market Market Report, Transportation Fuel Market Market Share, Transportation Fuel Market Market Trends, Transportation Fuel Market Market Forecast, Transportation Fuel Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.