Global Transportation Fuel Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Rise in the disposable income of people has been an important factor in the increase in the number of vehicles

The Global Transportation Fuel Market is estimated to be USD 622.39 Bn in 2023 and is expected to reach USD 817.69 Bn by 2028 growing at a CAGR of 5.61%.

Transportation fuel refers to the fuel that is used to power various modes of transportation such as automobiles, trucks, buses, trains, airplanes, ships, and boats. These fuels can be fossil fuels like gasoline, diesel, or jet fuel or alternative fuels like electricity, hydrogen, or biofuels. The most common transportation fuels are fossil fuels, which include gasoline and diesel. Crude oil is the source of these fuels. Vehicles with gasoline engines are propelled by gasoline, whereas those with diesel engines are propelled by diesel. Airplanes and other types of aircraft are propelled by jet fuel.

The market is driven by the rising purchase of automobiles with increasing disposable income. People are more inclined to buy cars and other vehicles when their disposable income rises, which in turn raises the demand for transportation fuel. Economic expansion and the level of disposable income both have a significant impact on the demand for transportation fuel. People typically have more money to spend on transportation, including buying and fueling vehicles, as the economy expands. Since fossil fuels like gasoline and diesel are still the most common forms of transportation fuel, a growth in the number of vehicles on the road will probably result in a rise in demand for these fuels. Rising disposable income may potentially be a factor in the rising demand for electric vehicles (EVs) and other alternative fuel vehicles.

However, the market is restrained by strict regulations on transport fuel emissions. Strict Regulations increase the cost of compliance for distributors and producers of fuel, potentially increasing consumer costs. The strict emissions regulations may also make some fuel producers unable to achieve them, which would restrict supply and perhaps drive-up costs.

However, the market has an opportunity due to the increasing adoption of low-emission transport fuels such as natural gas and biodiesel. Compared to conventional gasoline and diesel fuels, alternative fuels like natural gas and biodiesel release fewer pollutants and greenhouse gases. The market for transportation fuel is expanding because of the rapid expansion of industrialization and the rising sales of passenger cars. Most cars are heavily reliant on crude oils, including diesel, fuel oil, and gasoline, among others. Governments and organizations are being forced to provide bio-based, clean, and environmentally friendly transportation fuels due to the increasing carbon emissions from these vehicles. Additionally, governments intend to encourage several low-emission fuels, such as biodiesel, electricity, hydrogen, and natural gas.

• However, the market is being challenged by environmental concerns about burning transportation fuel. As these fuels are burned, several hazardous pollutants, such as carbon monoxide, nitrogen oxides, and particulate matter, are released into the atmosphere. Numerous health issues, such as cardiovascular disease and respiratory illnesses, can be exacerbated by these pollutants. By causing ozone and acid rain, they can also damage ecosystems. Burning transportation fuels has effects on local air quality as well as global climate change.

Market Segmentations

• The Global Transportation Fuel Market is segmented based on Type, Vehicle, End-User, and Geography.
• By Type, the market is classified into Gasoline, Diesel, Biofuels, CNG, Jet Fuel, and Aviation Turbine Fuel (ATF).
• Gasoline dominates the market. This is due to several factors, including an increase in global demand for gasoline, improvements in gasoline refining technologies, and a shift towards smaller, more fuel-efficient vehicles. One of the main drivers of growth in the gasoline segment is the increase in global demand for gasoline. This is due in part to the growing population and increasing urbanization in many parts of the world, which has led to a rise in the number of cars on the road. In addition, many emerging economies are experiencing rapid economic growth, which is driving up demand for gasoline as people become wealthier and can afford to purchase cars.
• By Vehicle, the market is classified into Heavy Duty Vehicles and Light Duty vehicles.
• The Light Vehicles segment of the transportation fuel market has experienced growth in recent years. Cars, SUVs, vans, pickup trucks, and other automobiles weighing less than 8,500 pounds are included in this segment. The growing number of these vehicles on the road is one of the main factors influencing growth in the light vehicles segment. More people can afford personal vehicles as populations expand and become wealthier, which has resulted in a significant rise in the demand for transportation fuel to power these vehicles.
• By End-User, the market is classified into Roadways, Airways, Railways, and Waterways.
• Roadways have the largest market share and Airways have the largest CAGR of the global transportation fuel market. The increasing number of vehicles on the road, particularly in developing countries. The need for personal mobility rises as populations rise and more people move into the middle class, which in turn drives up demand for transportation fuel. The tendency, particularly in industrialized countries, toward larger, more powerful cars. The need for fuel to power these cars rises as consumers choose larger vehicles like trucks and SUVs.
• By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific.
• During the upcoming years, the Asia Pacific region is anticipated to grow more quickly in the global transportation fuel market. The market exhibits the most extreme population-related development in the Asia Pacific. The demand for transportation fuels is anticipated to increase as a result in the upcoming years. Increasing per capita income among end users is primarily responsible for the increase in the number of automobiles in countries like China, India, and Indonesia. This is necessary to support growth in the Asia Pacific market for transportation fuels.

Recent Development

• Stanlow Terminals Ltd, which Essar Oil UK possesses declared that it will make ventures over the following three years to foster the UK's biggest biofuels stockpiling center point situated in the northwest of England. - December 2021

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Bharat Petroleum, Chevron, CSX, Essar Oil, ExxonMobil, Fuel Transport, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
• The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Transportation Fuel Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Transportation Fuel Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Transportation Fuel Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market