Transportation fuels are fuels used in vehicles to generate energy. Crude oil is processed to prepare transportation fuels such as gasoline, diesel, and aviation turbine fuel. Transportation fuels include gasoline, diesel, biofuels, aviation turbine fuel, etc. The global transportation industry is growing at a rapid pace with growing international trade and increasing transportation services such as railways, aviation, shipping, roads, etc., which in turn is fueling the demand for transportation fuels across the globe.
The transportation fuels market is expected to gain moderate growth over the forecast period by virtue of growing demand for shipping, airline, and road transportation services for the transportation of various products across the globe. Moreover, increasing population and growth in transportation infrastructure are anticipated to augment the growth of transportation fuel across the globe. Rapid growth in the number of automobiles on roads due to growth in per capita income and easy financing options is expected to fuel the demand for transportation fuels over the forecast period (2016–2023). However, stringent government policies over the emission of greenhouse gases coupled with various government initiatives to promote alternative energy sources such as solar and wind are expected to hamper the growth of the transportation fuels market during the forecast period (2016–2023).
Asia Pacific is expected to be the largest and fastest-growing region in the global transportation services market. Rapid urbanization and a high population coupled with increasing per capita income are anticipated to fuel the demand for automobiles and other public transportation, which in turn is anticipated to fuel the demand for transportation fuels in the region. Moreover, increasing international trade with other regions of the globe is also fueling the demand for transportation fuels in the region. The demand for transportation fuels in the region is projected to register high growth over the forecast period. Followed by it, North America and Europe are expected to contribute a significant share in the global transportation fuels market due to the availability of efficient transportation infrastructure coupled with favorable government policies for the trade of various goods and services, which is expected to drive the demand for transportation fuels in the regions over the forecast period (2016-2023).
The global transportation fuels market is expected to be valued at US$ 544.1 Bn by the end of 2016 and is projected to expand at a CAGR of 3.7% during the forecast period of 2016–2023.
Purpose of the Report
The purpose of this strategic research study titled "Global transportation fuels market: growth, future prospects, competitive analysis, and forecast, 2016–2023" is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global transportation fuels market.
Target Audience
Industry Investors
Research Professionals
Emerging Companies
Transportation fuel manufacturers
Oil and gas exploration and production companies
Downstream and midstream companies
Research Institutes
On the basis of fuel type, the global transportation fuels market is categorized into the following types:
Gasoline
Diesel
Aviation turbine fuel (ATF)
Natural Gas
Others (propane, ethanol, biofuels, electricity)
On the basis of fuel type, the global transportation fuels market can be segmented into gasoline, diesel, aviation turbine fuel (ATF), natural gas, and others (propane, ethanol, biofuels, and electricity).
Among all fuel types, gasoline was the largest segment in 2013, with global consumption of 3,021 Mn BOE. However, increased use of internal combustion engines is expected to fuel the demand for diesel, which in turn is expected to hamper the demand for gasoline. Moreover, regulatory policies such as the Energy Independence and Security Act of 2007 that promote the blending of ethanol with gasoline are projected to reduce the consumption of gasoline by 2023. Increasing use of gas-based engines in emerging economies such as India and China, and other developed countries of Europe is expected to fuel the demand for natural gas over the forecast period. Growing production of biofuels coupled with favorable regulatory policies is projected to fuel the growth of other segments during the forecast period (2016–2023).
Overall, the global transportation fuels market is expected to grow at a moderate rate over the forecast period (2016–2023).
On the basis of geography, the global transportation fuels market is segmented into the following categories:
North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
rest of Latin America
Europe
Germany
France
U.K.
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East and Africa (MEA)
GCC
Frequently Asked Questions:
The market for Transportation Fuel is expected to reach US$ 719.1 Bn in 2023.
The Transportation Fuel is expected to see significant CAGR growth over the coming years, at 3.7%
The report is forecasted to 2016-2023.
The base year of this report is 2015.
Competitive Dashboard,Key Players,Royal Dutch Shell plc, Petrobas,Saudi Arabian Oil Co. are some of the major players in the global market.
