About Fuel Retailing
Global Fuel retailing market comprises companies that operate by selling automotive fuel or lubricating oils at the retail stores such as service station, fuel stations, and similar others. Fuel retailing is described by disruptions unlocking new sources of value, such as EVs and changing consumer demands for ‘seamless’ experiences. Diesel sales have grown more rapidly over the period, as more motorists have switched to diesel vehicles, Operators need to sell a high volume of fuel to cover operating costs and generate profit. These are key factors of fuel retailing market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global fuel retailing market is dominated by already established players who compete on the basis of technology proprietorship, R&D capabilities, and economies of scale. The market is also observing consolidation as the main vendors are constantly acquiring smaller entities. Thus, resulting in intense competition. Also, with the influx of private labels, the level of competition in the market will intensify during the forecast period. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Fuel Retailing market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wesfarmers (Australia), Caltex Australia (Australia), BP Australia (United Kingdom), 7-Eleven (United States), PetrolPlaza (Germany), Reliance Industries Ltd (RIL) (India), Nayara Energy (India), Shell (Netherlands), Retail Petroleum Solutions RPS (Turkey) and Boyett Petroleum (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are RKA Petroleum Companies (United States) and DCC plc (Ireland).
Segmentation Overview
AMA Research has segmented the market of Global Fuel Retailing market by Type (Gasoline, Diesel, Heavy Fuel Oil and Jet Fuel and Kerosene) and Region.
On the basis of geography, the market of Fuel Retailing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Spain, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Service Station will boost the Fuel Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demographic and Lifestyle Changes Will Likely Curb Demand Growth for Car Ownership, Subduing Fuel Demand and Growing Demand of Technology Such As IOT and AI
Market Growth Drivers:
Increasing Automobile Industry, The Modernized Fuel Stations with Unique Services like Resting Place, Data-Driven Automatic Pricing, and Various Types of Fuels Mix and Rising Usage of Advanced Tools
Challenges:
Stringent Regulation of Fuel Retailing
Restraints:
Fluctuating Prices of Fuel and Challenges with Logistic Planning and Traceability of the Fuel
Opportunities:
Rising Need of High-Speed Charging Stations Due To Use of Electric Vehicles (EVS)
Market Leaders and their expansionary development strategies
In January 9, 2024, ORLEN has successfully acquired Doppler Energie, gaining full ownership of 267 service stations across Austria. This strategic move expands ORLEN’s network to nearly 3,500 service stations in seven European countries, marking a significant step in the company’s regional growth and commitment to electromobility.
On 2nd June, Caltex Australia has launched of Caltex spark, a new innovation initiative that will see Australia’s leading fuel retailer work closely with startups and entrepreneurs.
Key Target Audience
Industry Asociation, Government Regulatory Bodies, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.