Transportation fuels are fuels used in vehicles to generate energy. Crude oil is processes to prepare the transportation fuels such as gasoline, diesel, and aviation turbine fuel. Transportation fuels include gasoline, diesel, biofuels, aviation turbine fuel, etc. Global transportation industry growing at the rapid pace with growing international trade along with increasing transportation services such as railway, aviation, shipping, road, etc which in turn is fueling the demand for transportation fuels across the globe.
Transportation Fuels market is expected to gain moderate growth over the forecast period by virtue of growing demand for shipping, airlines and road transportation services for the transportation of various products across the globe. Moreover, increasing population and growth in transportation infrastructure is anticipated to augment the growth of transportation fuel across the globe. Rapid growth in 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, wind is expected to hamper the growth of transportation fuels market during the forecast period (2016-2023).
Asia Pacific is expected to largest and fastest growing region in global transportation services market. Rapid urbanization, high population coupled with increasing per capita income is anticipated to fuel the demand for automobiles and other public transports 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. Demand for transportation fuels in the region is projected to registered high growth over the forecast period. Followed by it, North America and Europe to contribute significant share in the global transportation fuels due to availability of efficient transportation infrastructure coupled with favorable government policies for the trade of various goods and services is expected to drive the demand for transportation fuels in the regions over the forecast period (2016-2023)
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 3.7% during the forecast period 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 make informed strategic decisions regarding the opportunities in the global transportation fuels market.
Target Audience
- Industry Investors
- Research Professionals
- Emerging Companies
- Transportation fuels manufacturers
- Oil & Gas exploration and production companies
- Downstream & Midstream Companies
- Research Institutes
USP and Key Offerings
The report titled “Global Transportation Fuels Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the transportation fuels market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on fuel type and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading transportation fuels manufacturers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
- Current and future market trends to validate the forthcoming attractive markets within oil & gas industry
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Trailing 3-Year market size data (2013 – 2015)
- SRC (Segment-Region-Country) Analysis
Overall, the research study provides a holistic view of the global transportation fuels market growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.
