Market Size of Gasoline As A Fuel Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.85 Trillion |
| Market Size (2029) | USD 1.95 Trillion |
| CAGR (2024 - 2029) | 1.06 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Gasoline as a Fuel Market Analysis
The Gasoline As A Fuel Market size is estimated at USD 1.85 trillion in 2024, and is expected to reach USD 1.95 trillion by 2029, growing at a CAGR of 1.06% during the forecast period (2024-2029).
- Over the medium term, factors such as the rising adoption of automobiles such as passenger cars and motorcycles across the world and the easy availability of gasoline are driving the growth of gasoline as a fuel market during the forecast period.
- On the other hand, the use of alternative clean sources of energy to reduce carbon emissions and the increasing penetration of electric vehicles across the globe is likely to restrain the growth of the market.
- Nevertheless, the emerging use of portable gasoline generators in home and event applications is anticipated to create ample opportunities for gasoline as a fuel market in the near future.
Gasoline as a Fuel Industry Segmentation
Gasoline is utilized as a fuel in spark-ignited internal combustion engines. It comprises mainly organic compounds obtained by the process of fractional distillation of petroleum. It is added with a variety of additives to enhance the performance of the fuel, and it is blended with ethanol to mitigate the pollution caused by the burning of gasoline.
The gasoline as a fuel market is segmented into end-user and geography. By end-user, the market is segmented into transportation, power generation, and others. The report also covers the market size and forecasts for the gasoline as a fuel market across the major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD).
| End-User | |
| Transporation | |
| Power Generation | |
| Others |
| Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Gasoline As A Fuel Market Size Summary
The gasoline as a fuel market is poised for moderate growth over the forecast period, driven by the increasing adoption of automobiles, including passenger cars and motorcycles, globally. The widespread availability of gasoline further supports this growth trajectory. However, the market faces challenges from the rising adoption of alternative clean energy sources and the growing penetration of electric vehicles, which could potentially restrain its expansion. Despite these challenges, the market is expected to benefit from emerging opportunities in the use of portable gasoline generators for home and event applications, which could offset some of the constraints posed by the shift towards cleaner energy solutions.
In North America, the gasoline as a fuel market is significantly bolstered by the region's robust oil and gas industry, with the United States leading in crude oil and natural gas production. The demand for gasoline is further fueled by the region's strong automobile sales and the increasing use of motorcycles, particularly for recreational and sports purposes. Additionally, the construction sector's growth, driven by investments in both residential and non-residential projects, contributes to the demand for gasoline, especially in single-cylinder engines used in various construction equipment. The market remains fragmented, with major players like Chevron Corporation, Exxon Mobil Corporation, and PetroChina Company Limited, among others, continuing to influence its dynamics.
Gasoline As A Fuel Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Market Size and Demand Forecast in USD, till 2028
-
1.3 Recent Trends and Developments
-
1.4 Government Policies and Regulations
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.1.1 Rising Adoption of Automobiles such as Passenger Cars, Motorcycles Across the World
-
1.5.1.2 Easy Availability of Gasoline
-
-
1.5.2 Restraints
-
1.5.2.1 The Use of Alternative Clean Sources of Energy
-
-
-
1.6 Supply Chain Analysis
-
1.7 Porter's Five Force Analysis
-
1.7.1 Bargaining Power of Suppliers
-
1.7.2 Bargaining Power of Consumers
-
1.7.3 Threat of New Entrants
-
1.7.4 Threat of Substitute Products and Services
-
1.7.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 End-User
-
2.1.1 Transporation
-
2.1.2 Power Generation
-
2.1.3 Others
-
-
2.2 Geography
-
2.2.1 North America
-
2.2.1.1 United States
-
2.2.1.2 Canada
-
2.2.1.3 Rest of North America
-
-
2.2.2 Europe
-
2.2.2.1 Germany
-
2.2.2.2 France
-
2.2.2.3 United Kingdom
-
2.2.2.4 Rest of Europe
-
-
2.2.3 Asia-Pacific
-
2.2.3.1 China
-
2.2.3.2 India
-
2.2.3.3 Japan
-
2.2.3.4 South Korea
-
2.2.3.5 Rest of Asia-Pacific
-
-
2.2.4 South America
-
2.2.4.1 Brazil
-
2.2.4.2 Argentina
-
2.2.4.3 Rest of South America
-
-
2.2.5 Middle-East and Africa
-
2.2.5.1 Saudi Arabia
-
2.2.5.2 United Arab Emirates
-
2.2.5.3 South Africa
-
2.2.5.4 Rest of Middle-East and Africa
-
-
-
Gasoline As A Fuel Market Size FAQs
How big is the Gasoline As A Fuel Market?
The Gasoline As A Fuel Market size is expected to reach USD 1.85 trillion in 2024 and grow at a CAGR of 1.06% to reach USD 1.95 trillion by 2029.
What is the current Gasoline As A Fuel Market size?
In 2024, the Gasoline As A Fuel Market size is expected to reach USD 1.85 trillion.
