Market Overview:
Transportation fuel is an energy source required to on fuel engines present in the vehicles. The fuel also used in aviation and marine application. There are different types of fuels that are used corresponding to the vehicle’s engine. Increasing production of on-road vehicles and growing population, as well as urbanization, are the key drivers for the market. Additionally, the development of transportation infrastructure can increase fuel consumption. Increasing tourism market has been supplementing the growth of the market. However, the popularity of electric vehicles across the globe, alternative energy source and government initiatives for promoting alternative energy sources have been limiting the growth of the market. Moreover, the growing production rate of automotive on-road vehicles, increasing disposal income and attractive launches by automotive manufacturers can create a big opportunity for the market in the forecasted year.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Sinopec (China), Phillips 66 (United States), ExxonMobil (United States), Essar (India), Chevron Corporation (United States), Royal Dutch Shell (Netherlands), Petrobras (Brazil), Saudi Arabian Oil (Saudi Arabia), Valero Energy (United States) and BP (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of Transportation Fuel Market Study:
Sinopec (China), Phillips 66 (United States), ExxonMobil (United States), Essar (India), Chevron Corporation (United States), Royal Dutch Shell (Netherlands), Petrobras (Brazil), Saudi Arabian Oil (Saudi Arabia), Valero Energy (United States) and BP (United Kingdom)
Transportation Fuel Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Light Duty Vehicles, Light Duty Trucks, Heavy Duty Trucks, Airplane, Jets, Boats, Ships, Off-Road Vehicles, Locomotives and Others |
Type | Gasoline, Jet Fuel, Fuel Oil, Compressed Natural Gas (CNG), Diesel and Others |
Distribution Channel | Private Petrol Station,Public Petrol Station |
Transportation Type | Road,Aviation,Marine |
Influencing Trend:
Automobile Manufacturers have been Continuously Launching Attractive Vehicles with Advanced Features
Market Growth Drivers:
Rising Number of Automobiles on Roads, Continuously Growing Population and Urbanization and Increasing Infrastructure Development in the Transportation Sector
Challenges:
High Cost of Transportation Fuel in Many Countries and Government Initiatives for Promoting Alternative Energy Source
Restraints:
Popularity of Electric Vehicles across Globe and Alternative Energy Source
Opportunities:
Growing production Rate of Automotive on Road Vehicles and Increasing Disposal Income across Globe
The Manufacturers having strong hold in the market are Sinopec, Phillips, ExxonMobil, Essar Oil, Chevron Corporation, Royal Dutch Shell. Some of the other players that are also part of study are Total S.a. (France) and PetroChina (China). The Global Transportation Fuel market is gaining huge competition due to involvement of United States, Middle East and Africa, and Chinese companies that constantly invest in research & development to meet market expectation with new innovation.
There are numbers of government regulation for fuel. For instance, According to United States Environmental Protection Agency, every vehicle who produced any air pollution must follow some rule such as Tier 3 motor vehicle emission and fuel standards, Tier 2 motor vehicle emission standards and gasoline sulfur control requirements, Gasoline Mobile Source Air Toxics regulations, Reformulated gasoline (RFG) regulations, Gasoline Reid Vapor Pressure (RVP) regulations, E15 Regulations, Substantially Similar Interpretive Rules, Fuel Additives and others.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Transportation Fuel market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Transportation Fuel market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Petrol Production Agencies, Petrol Distributors, Automotive Manufacturers, Research Organizations, Government Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.