Transportation Fuel Market Size 2021, Latest Developments, Regional Demand and Business Opportunities
Posted on Jun 11 2021 3:27 AM
"Research Report on Global Transportation Fuel Market is a professional and comprehensive report on the Transportation Fuel industry. The report monitors the key trends and market drivers in the current scenario and offers on-the-ground insights."
Growing transportation services are aiding the expansion of the Global Transportation Fuel Market. This information was shared by Fortune Business Insights in a report, titled “Transportation Fuel Market Size, Share and Global Trend By Fuel (Gasoline, Diesel, Biofuels, and others), By End-User (Roadways, Airways, Railways, Waterways), and Geography Forecast till 2028.” Transportation fuels are extensively used in different vehicles to generate energy. Some of the transportation fuels include diesel, gasoline, aviation turbine fuel, and biofuel. The global market is expected to grow with the rapidly increasing international trade.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/transportation-fuel-market-100451\
- Hindustan Petroleum Corporation Limited
- Bharat Petroleum Corporation Limited
- Allied Aviation Services
- Royal Dutch Shell
- Valero Energy Corporation
- Sinopec Engineering Group Saudi Co. Ltd.
- Exxon Mobil Corporation
Key Market Driver – Increase in sales of vehicles and increase in disposable income
Key Market Restraint – Environment-related issues of burning transportation fuel
Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/transportation-fuel-market-100451
Asia Pacific Sees Maximum Growth Among Other Regions
The Asia Pacific is anticipated to expand at a higher rate in the global transportation fuel market during the forecast years. The market registers the maximum growth in the Asia Pacific owing to the rising population. This is further expected to fuel the demand for transportation fuels and will continue to increase in the forthcoming years. The number of vehicles in countries such as India, Indonesia, and China is increasing, primarily on account of rising per capita income among end-users. This is expected to enable growth in the transportation fuel market in Asia Pacific.
The growing aircraft traffic in countries such as France, Germany, the U.K., and the U.S. is expected to augment the demand for aviation fuel during the forecast period. Consequently, the transportation fuel market in North America and Europe is anticipated to rise between 2018 and 2026. Apart from these regions, the market is likely to grow in the Middle East and Africa owing to its improving economic rate.
- By Fuel
- Aviation Turbine Fuel
- By End User
- By Geography
- North America (US and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/transportation-fuel-market-100451
Shift Towards Eco-friendly and Bio-based Fuels Spurs Growth of the Market
The rapid growth in industrialization and the increasing sales of passenger cars are likely to stimulate growth in the transportation fuel market. The majority of the vehicles are highly dependent on crude oils which include gasoline, fuel oil, diesel among others. “The growing carbon emissions from such vehicles is compelling organizations and governments to develop bio-based, clean and eco-friendly transportation fuels,” stated a lead analyst at Fortune Business Insights. Moreover, governments are planning to promote some of the low emission fuels which include hydrogen, electricity, natural gas, and biodiesel. Furthermore, the demand for the above-mentioned fuels is expected to increase across the world over the projected horizon. This, as a result, is anticipated to contribute to the growth of the transportation fuel market.
Rising disposable income among the population is resulting in an increasing number of vehicles. This is another factor driving the market and thus increasing transportation fuel consumption. Furthermore, the improved transportation infrastructure in developed and some developing countries act as a potential growth enabler in the market.
However, certain environmental issues associated with transportation fuel are likely to hamper the growth of the market. In addition to this, emission control norms have become strict in developed and developing nations, which can impede the growth of the market. Also, the population caused by transportation fuels is expected to restrict the growth in the next few years.
Key Industry Developments
- In April 2019, Berkshire Hathaway has committed a $10 billion preferred stock investment in Occidental Petroleum. The investment is contingent on the company completing its proposed takeover of Anadarko Petroleum.
- In May 2019, The largest independent oil and gas company in Europe was formed after a multibillion-euro merging deal between energy unit of German chemicals group BASF with rival
- In December 2018, the Indian civil aviation ministry has sought a major tax rejig on aviation fuel to increase the profits of airlines as the profits of airlines were not increasing with a number of passengers growing immensely.
Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/industry-reports/transportation-fuel-market-100451
Market Advances with a Multi-billion Euro Deal Between BASF and DEA
Georgia Power is planning to collaborate with Georgia Tech in March 2019. This collaboration is aimed at building a new 1.4 MW microgrid in Metro Atlanta. Some of the other companies functioning in the global microgrid market include ABB, Encorp, Schneider Electric, Schweitzer Engineering Laboratories, S&C Electric, Siemens, PowerSecure, Power One Solutions, Spirae, Emerson Automation Solutions, Honeywell, CleanSpark, Exelon Corporation, and Power Analytics. Companies are focusing on adopting new technologies for the development of scalable and flexible microgrids. For instance, ABB Ltd. has plans to adopt a new microgrid enabled with battery storage in January 2019. The company signed an agreement with IIT Roorkee in July 2018 to develop a smart campus for IIT Roorkee.
Pre Book Full Report for Exclusive Transportation Fuel Market Growth Forecast - https://www.fortunebusinessinsights.com/checkout-page/100451
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: [email protected]
Company Press Release
- In-flight Catering Services Market Global, Share, Size, Demand, Future Growth, Research Report, Overview, Key Players Profiles, Segmentation, Outlook And Forecast 2020-2027
- Roasted Wheat Market Demand, Growth, Share, Size, Development, Segmentation, Key Players Profiles, Analysis, Research Report, Overview, Outlook And Forecast 2028
- Pumpkin Seeds Market Price, Global Analysis, Size, Share, Growth, Trends, Opportunities, Key Players Profiles, Business, Research Report, Segmentation, Overview And Forecast 2021-2028
- Radiofrequency Ablation Systems Market | 2028 Size, Trends, Industry Revenue, Growth Factor, Industry Development And Forecast Report
- Hydroxicarbamide Market To Steadily Grow; Rising Demand For Anticancer Drugs To Positively Influence The Market: Fortune Business Insights™
- Epigenomics Market 2021: Global Industry Size, Demand, Growth Analysis, Share, Revenue And Forecast Research Report 2028
- Auto Ventilated Seat Fan Market Share 2021: Global Industry Size, Industry Overview, Trends, Outlook And Forecast Research Report 2028