US Gasoline Market By Type and End-user - Forecast and Analysis 2023-2027

Published: Feb 2023

Pages: 128

SKU: IRTNTR75011

Snapshot

The gasoline market in US is estimated to decline at a CAGR of 4.18% between 2022 and 2027. The size of the market is forecast to decrease by 258 million L. The growth of the market depends on several factors, including the increasing number of automobiles, increasing demand for high-velocity cars, and rising construction activities.

This report extensively covers market segmentation by type (regular and premium) and end-user (transportation, power generation, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Gasoline Market in US During the Forecast Period?

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Gasoline Market in US: Key Drivers, Trends, Challenges, and Customer Landscape

The rising construction activities are notably driving the market growth, although factors such as the increasing use of alternative energy may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Gasoline Market in US Driver

The rising construction activities are notably driving market growth. The construction of new buildings, infrastructure, and other projects in the US is increasing rapidly. The construction industry experiencing significant growth, primarily due to the country's rising population and urbanization. As more people move into cities, the demand for housing and commercial buildings increases, leading to a surge in construction activities. As these projects are being developed, there is a need for temporary and backup power sources, especially in areas without easy access to the power grid.

Furthermore, the recent infrastructure bill passed by the US government is expected to further boost the construction industry. The bill includes significant funding for infrastructure development, such as roads, bridges, and airports, which will require a substantial amount of gasoline to complete. In addition, the rise in non-residential construction investment indicates an increase in commercial and industrial activities, which also require a reliable source of electricity to operate. Thus, a rise in construction activities will boost the growth of the US gasoline market during the forecast period.

Significant Gasoline Market in US Trend

The increasing use of portable gasoline generators is an emerging trend in the market. Portable gasoline generators are small and can be easily moved from one location to another, making them a popular choice for outdoor events and emergency power supply during power outages. Gasoline generators are a popular choice due to their portability, ease of use, and availability of gasoline as a fuel source. They are also used to power construction tools, lighting, and other equipment and to provide temporary power to construction trailers and other mobile facilities.

The use of portable gasoline generators is expected to increase as extreme weather events become more frequent and severe due to climate change. These events can result in power outages that can last for days, leading to an increased demand for portable generators. As the demand for gasoline generators increases, this leads to an increase in the consumption of gasoline, which in turn drives the growth of the US gasoline market during the forecast period.

Major Gasoline Market in US Challenge

Increasing the use of alternative energy is a major challenge impeding market growth. As using natural energy can reduce the dependence on gasoline and other fossil fuels, the demand for gasoline will decrease and result in slower market growth. Several government initiatives in the USA aim to promote using natural energy sources and reduce greenhouse gas emissions. Additionally, some states and cities in the USA have implemented their own initiatives to promote the use of renewable energy and reduce dependence on gasoline.

The shift towards natural energy sources has already impacted the automotive industry, with an increasing number of electric and hybrid vehicles being introduced to the market. In 2021, electric vehicles accounted for around 2% of total vehicle sales in the USA, up from 1.6% in 2020. This trend is expected to continue, with some analysts predicting that electric vehicles could account for up to 10% of new vehicle sales in the USA by 2025. Hence, these factors are likely to pose a challenge to the growth of the US gasoline market during the forecast period.

Key Gasoline Market in US Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Gasoline Market in US Customer Landscape

Who are the Major Gasoline Market Vendors in the US?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

EOG Resources Inc - The company operates under one segment. The company develops, produces, and markets crude oil, natural gas liquids, and natural gas. The key offerings of the company include gasoline.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Gasoline Market in US?

The market share growth by the regular segment will be significant during the forecast period. Regular gasoline is a type of fuel used in many types of vehicles with standard engines. It is a mixture of hydrocarbons that is refined from crude oil and typically contains around 10% ethanol, which is added to improve its octane rating.

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The regular segment was valued at 1,461.44 million L in 2017 and continued to grow until 2021. Regular gasoline is widely available at gas stations across the US and is typically less expensive than higher-octane fuels. It is commonly used in passenger cars, light trucks, and SUVs with standard engines, as well as in small boats, lawnmowers, and other small engines. One of the advantages of using regular gasoline is its availability and lower cost compared to higher-octane fuels. It is also compatible with most standard engines, making it a practical choice for everyday use. In addition, regular gasoline is a good choice for vehicles that are used for commuting, running errands, or general transportation. Overall, it is a reliable and widely available fuel suitable for most standard vehicles. It provides good performance and is a cost-effective option for drivers who use their vehicles for daily transportation. Thus, owing to such factors the segment is expected to grow during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Type Outlook (Million L, 2017 - 2027)
- Regular
- Premium

End-user Outlook (Million L, 2017 - 2027)
- Transportation
- Power generation
- Others

Gasoline Market In US Scope
Report Coverage	Details
Page number	128
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Decelerate at a CAGR of -4.18%
Market growth 2023-2027	-258 mn L
Market structure	Fragmented
YoY growth 2022-2023(%)	-3.81
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Abraxas, BP Plc, Chesapeake Energy Corp, Chevron Corp., ConocoPhillips Co., Delek US Holdings Inc., Devon Energy Corp, Enterprise Products Partners LP, EOG Resources Inc, Exxon Mobil Corp., Marathon Petroleum Corp., Occidental Petroleum Corp., Ovintiv Inc., Phillips 66, Pioneer Natural Resources Co, Schlumberger Ltd., Shell plc, Southwestern Energy Co., Sunoco LP, and Valero Energy Corp.
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, and Market condition analysis for the forecast period.
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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What are the Key Data Covered in this Gasoline Market In US In Country Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the gasoline market in US between 2023 and 2027
Precise estimation of the size of the gasoline market in US size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across the US
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of the gasoline market in US vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 10: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on US - Market size and forecast 2022-2027 (million L)
- Exhibit 12: Data Table on US - Market size and forecast 2022-2027 (million L)
- Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Gasoline market in US 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on Gasoline market in US 2017 - 2021 (million L)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 (million L)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – End-user Segment 2017 - 2021 (million L)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 25: Chart on Type - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 27: Chart on Comparison by Type
- Exhibit 28: Data Table on Comparison by Type

6.3 Regular - Market size and forecast 2022-2027
- Exhibit 29: Chart on Regular- Market size and forecast 2022-2027 (million L)
- Exhibit 30: Data Table on Regular- Market size and forecast 2022-2027 (million L)
- Exhibit 31: Chart on Regular- Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Regular- Year-over-year growth 2022-2027 (%)

6.4 Premium - Market size and forecast 2022-2027
- Exhibit 33: Chart on Premium- Market size and forecast 2022-2027 (million L)
- Exhibit 34: Data Table on Premium- Market size and forecast 2022-2027 (million L)
- Exhibit 35: Chart on Premium- Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Premium- Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Type
- Exhibit 37: Market opportunity by Type (million L)
- Exhibit 38: Data Table on Market opportunity by Type (million L)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 39: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 40: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 41: Chart on Comparison by End-user
- Exhibit 42: Data Table on Comparison by End-user

7.3 Transportation - Market size and forecast 2022-2027
- Exhibit 43: Chart on Transportation- Market size and forecast 2022-2027 (million L)
- Exhibit 44: Data Table on Transportation- Market size and forecast 2022-2027 (million L)
- Exhibit 45: Chart on Transportation- Year-over-year growth 2022-2027 (%)
- Exhibit 46: Data Table on Transportation- Year-over-year growth 2022-2027 (%)

7.4 Power generation - Market size and forecast 2022-2027
- Exhibit 47: Chart on Power generation- Market size and forecast 2022-2027 (million L)
- Exhibit 48: Data Table on Power generation- Market size and forecast 2022-2027 (million L)
- Exhibit 49: Chart on Power generation- Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Power generation- Year-over-year growth 2022-2027 (%)

7.5 Others - Market size and forecast 2022-2027
- Exhibit 51: Chart on Others- Market size and forecast 2022-2027 (million L)
- Exhibit 52: Data Table on Others- Market size and forecast 2022-2027 (million L)
- Exhibit 53: Chart on Others- Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Others- Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by End-user
- Exhibit 55: Market opportunity by End-user (million L)
- Exhibit 56: Data Table on Market opportunity by End-user (million L)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 58: Impact of drivers and challenges in 2022 and 2027

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 59: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 60: Overview on factors of disruption

10.4 Industry risks
- Exhibit 61: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 62: Vendors covered

11.2 Market positioning of vendors
- Exhibit 63: Matrix on vendor position and classification

11.3 Abraxas
- Exhibit 64: Abraxas - Overview
- Exhibit 65: Abraxas - Product / Service
- Exhibit 66: Abraxas - Key offerings

11.4 BP Plc
- Exhibit 67: BP Plc - Overview
- Exhibit 68: BP Plc - Business segments
- Exhibit 69: BP Plc - Key offerings
- Exhibit 70: BP Plc - Segment focus

11.5 Chevron Corp.
- Exhibit 71: Chevron Corp. - Overview
- Exhibit 72: Chevron Corp. - Business segments
- Exhibit 73: Chevron Corp. - Key news
- Exhibit 74: Chevron Corp. - Key offerings
- Exhibit 75: Chevron Corp. - Segment focus

11.6 ConocoPhillips Co.
- Exhibit 76: ConocoPhillips Co. - Overview
- Exhibit 77: ConocoPhillips Co. - Business segments
- Exhibit 78: ConocoPhillips Co. - Key offerings
- Exhibit 79: ConocoPhillips Co. - Segment focus

11.7 Enterprise Products Partners LP
- Exhibit 80: Enterprise Products Partners LP - Overview
- Exhibit 81: Enterprise Products Partners LP - Product / Service
- Exhibit 82: Enterprise Products Partners LP - Key offerings

11.8 EOG Resources Inc
- Exhibit 83: EOG Resources Inc - Overview
- Exhibit 84: EOG Resources Inc - Product / Service
- Exhibit 85: EOG Resources Inc - Key offerings

11.9 Exxon Mobil Corp.
- Exhibit 86: Exxon Mobil Corp. - Overview
- Exhibit 87: Exxon Mobil Corp. - Business segments
- Exhibit 88: Exxon Mobil Corp. - Key news
- Exhibit 89: Exxon Mobil Corp. - Key offerings
- Exhibit 90: Exxon Mobil Corp. - Segment focus

11.10 Marathon Petroleum Corp.
- Exhibit 91: Marathon Petroleum Corp. - Overview
- Exhibit 92: Marathon Petroleum Corp. - Business segments
- Exhibit 93: Marathon Petroleum Corp. - Key news
- Exhibit 94: Marathon Petroleum Corp. - Key offerings
- Exhibit 95: Marathon Petroleum Corp. - Segment focus

11.11 Occidental Petroleum Corp.
- Exhibit 96: Occidental Petroleum Corp. - Overview
- Exhibit 97: Occidental Petroleum Corp. - Business segments
- Exhibit 98: Occidental Petroleum Corp. - Key offerings
- Exhibit 99: Occidental Petroleum Corp. - Segment focus

11.12 Phillips 66
- Exhibit 100: Phillips 66 - Overview
- Exhibit 101: Phillips 66 - Business segments
- Exhibit 102: Phillips 66 - Key offerings
- Exhibit 103: Phillips 66 - Segment focus

11.13 Pioneer Natural Resources Co
- Exhibit 104: Pioneer Natural Resources Co - Overview
- Exhibit 105: Pioneer Natural Resources Co - Product / Service
- Exhibit 106: Pioneer Natural Resources Co - Key offerings

11.14 Schlumberger Ltd.
- Exhibit 107: Schlumberger Ltd. - Overview
- Exhibit 108: Schlumberger Ltd. - Business segments
- Exhibit 109: Schlumberger Ltd. - Key news
- Exhibit 110: Schlumberger Ltd. - Key offerings
- Exhibit 111: Schlumberger Ltd. - Segment focus

11.15 Shell plc
- Exhibit 112: Shell plc - Overview
- Exhibit 113: Shell plc - Business segments
- Exhibit 114: Shell plc - Key news
- Exhibit 115: Shell plc - Key offerings
- Exhibit 116: Shell plc - Segment focus

11.16 Sunoco LP
- Exhibit 117: Sunoco LP - Overview
- Exhibit 118: Sunoco LP - Product / Service
- Exhibit 119: Sunoco LP - Key offerings

11.17 Valero Energy Corp.
- Exhibit 120: Valero Energy Corp. - Overview
- Exhibit 121: Valero Energy Corp. - Business segments
- Exhibit 122: Valero Energy Corp. - Key news
- Exhibit 123: Valero Energy Corp. - Key offerings
- Exhibit 124: Valero Energy Corp. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 125: Inclusions checklist
- Exhibit 126: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 127: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 128: Research methodology
- Exhibit 129: Validation techniques employed for market sizing
- Exhibit 130: Information sources

12.5 List of abbreviations
- Exhibit 131: List of abbreviations

Methodology

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

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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