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“The Road Transportation Fuel Market is poised to grow by USD 192.84 billion during 2022-2026, accelerating at a CAGR of 1.87% during the forecast period”
Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. The road transportation fuel market has been broadly categorized into the following demographic segmentations:
The market report also offers information on several market vendors, including Acciona SA, AVRIL SCA, Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China Petrochemical Corp., Chubb Ltd., CNG Fuels Ltd., Dangote Industries Ltd., Eni Spa, Equinor ASA, Exxon Mobil Corp., Green Plains Inc., Hindustan Petroleum Corp. Ltd., Indian Oil Corp. Ltd., Kuwait National Petroleum Co., PJSC LUKOIL, Reliance Industries Ltd., Shell plc, and TotalEnergies SE among others.
Download Report Sample to Unlock the Road Transportation Fuel Market Size for the Forecast Period and Other Important Statistics
Our Technavio Research categorizes the report belonging to Oil, Gas and Consumable Fuels Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.
Technavio Research categorizes the global Road Transportation Fuel Market belonging to the Energy Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.
The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.
Key Road Transportation Fuel Market Driver
Key Road Transportation Fuel Market Trend
Key Road Transportation Fuel Market Challenge
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as
The global oil and gas refining and marketing market covers companies engaged in the refining and marketing of oil, gas, and refined products. The oil and gas downstream or refining and marketing market are one of the three linkages in the complete oil and gas value chain. Technavio calculates the global oil and gas refining and marketing market size based on combined revenue generated by manufacturers/providers of oil, gas, refined products, and services.
In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.
50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the road transportation fuel market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Economic growth in India, China, and other developing countries is helping expand the middle-class population segment. The road transportation sector is a crucial driver of social development in a country's economy, as it acts as a bridge in connecting people to education, jobs, and healthcare services. India and China are two of the most populated countries in the world, and road transportation plays a vital role in driving the economic growth of these countries. Most road freight activities are carried out in developing countries such as India and China. According to the IEA, India and China will account for 90% of the growth in road freight fuel demand in 2050 from 2017 levels.India was the second-largest oil refiner in Asia in 2021, with a capacity of nearly 18% of APAC total refining capacity. For promoting the availability of road transportation fuel, Indian Oil, HPCL, and Bharat Petroleum signed a joint venture agreement in June 2017 to build one of the largest greenfield refineries in the world by the end of 2022. Such developments in refining capacities will drive the growth of the regional road transportation fuel market during the forecast period
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The road transportation fuel market share growth by the gasoline segment will be significant during the forecast period. The consumption of gasoline depends on the number of passenger cars and light trucks in operation. Urbanization and an increase in disposable income enhance the adoption rate of passenger vehicles. According to The World Bank Group, the global annual growth in gross domestic product per capita was 11.9% in 2020 compared to 2010. This indicates an increase in the purchasing power of people. Also, with rapid urbanization, road networks are expanded and modernized. These factors help increase the adoption of passenger cars and light trucks. Passenger car production volumes grew by 9.67% in 2021 compared to 2020. The demand for gasoline in growing economies such as India is increasing rapidly, and the number of fueling stations catering to this rising demand is also going up. With vehicle numbers increasing along with the number of fuel refilling stations, the demand for gasoline as a road transportation fuel will get stronger and promote the growth of the market in focus during the forecast period.
The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key regional opportunities over the coming years.
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Road Transportation Fuel Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 1.87% |
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Market growth 2022-2026 |
$ 192.84 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
1.52 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 50% |
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Key consumer countries |
US, Canada, China, Japan, Germany, France, US, Canada, China, Japan, Germany, France, US, Canada, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Acciona SA, AVRIL SCA, Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China Petrochemical Corp., Chubb Ltd., CNG Fuels Ltd., Dangote Industries Ltd., Eni Spa, Equinor ASA, Exxon Mobil Corp., Green Plains Inc., Hindustan Petroleum Corp. Ltd., Indian Oil Corp. Ltd., Kuwait National Petroleum Co., PJSC LUKOIL, Reliance Industries Ltd., Shell plc, and TotalEnergies SE |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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