Market Overview:
The global road transportation fuel market is estimated to be valued at USD 1,711.5 billion in 2018 and is projected to grow at a CAGR of 5.0%, to reach USD 2,236.8 billion by 2030. The growth of the market can be attributed to the increasing demand for passenger cars and commercial vehicles, rising concerns over environmental pollution, and growing investments in the renewable energy sector. The gasoline segment is expected to account for the largest share of the global road transportation fuel market in 2018.
Product Definition:
Road transportation fuel is a type of fuel that is used in vehicles that are used for road transportation. This type of fuel is important because it helps to power the vehicles that are used for this purpose.
Gasoline:
Gasoline is a refined oil product that is produced from crude oil through several processes. The most common process used to produce gasoline is the catalytic cracking of petroleum into gases and liquids. Gasoline can also be derived from coal and natural gas, however, it's production from these sources accounts for a very small percentage of global gasoline demand owing to low availability and high cost associated with the processes involved.
Diesel:
Diesel is a type of fuel that is produced by the incomplete combustion of hydrocarbons such as diesel oil, coal, and natural gas. Diesel has found its major application in road transportation due to high thermal efficiency and low emissions during combustion. The Road Transportation Fuel (RTF) market can be segmented on the basis of product into biodiesel, bioethanol blends (E85), ethanol pure form, gasoline/diesel mixes and other renewable fuels including wood pellets & electricity.
Application Insights:
The commercial vehicles segment accounted for the largest share of over 50.0% in 2017 and is anticipated to witness significant growth over the forecast period. The growing construction industry, especially in developing countries such as India and China, is expected to drive demand for trucks and other cargo carriers which will subsequently fuel consumption for road transportation of goods.
The passenger cars segment was estimated at around 52.0 million units in 2017 owing to increasing automobile production particularly from European countries like Germany, France and UK where average vehicle age stands at around 6-7 years which has a positive impact on fuel consumption during road transport of passengers or goods. However, this application is projected to lose market share rapidly due to rising adoption of electric vehicles across major economies including China Japan Russia etcetera by 2030 ¢â‚¬Å“2030¢â‚¬ (Road Transport Research Institute).
Regional Analysis:
Asia Pacific dominated the global road transportation fuel market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization and urbanization. Moreover, increasing automobile production in countries such as China, India, Indonesia, South Korea and Thailand is anticipated to drive demand for fuels across this region.
The European market was valued at USD X billion in 2017 owing to stringent government regulations regarding carbon emissions from automobiles coupled with high petroleum prices resulting from instability in Middle East & Africa (MEA) and North America (NA). MEA accounted for a relatively higher share of global industry due to high consumption rates observed during the peak oil price years coupled with political uncertainty pertaining fuel supply security which acts as a major restraint for regional growth.
Growth Factors:
- Increasing demand for road transportation fuel from developing countries due to rise in population and economic growth.
- Stringent environmental regulations by governments to reduce emissions from vehicles which is expected to drive the market for road transportation fuel.
- Development of new and advanced technologies for production of road transportation fuel that would help in reducing emissions and improving efficiency is expected to boost the market growth over the forecast period.
- Rising prices of crude oil globally are anticipated to increase the demand for alternative fuels such as biofuels, which would propel the market growth during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Road Transportation Fuel Market Research Report
By Type
Gasoline, Diesel, Biofuels
By Application
Passenger Cars, Commercial Vehicles, Train, Motorcycle
By Companies
Saudi Aramco, Shell, Exxon Mobil, Total, BP, Chevron, CNPC, Sinopec, CNOOC, National Iranian Oil Co, Saudi Aramco, Rosneft Oil, Petrobras, Kuwait Petroleum, Lukoil, Eni, Valero Energy, Pemex, Phillips 66, Petronas
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Road Transportation Fuel Market Report Segments:
The global Road Transportation Fuel market is segmented on the basis of:
Types
Gasoline, Diesel, Biofuels
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles, Train, Motorcycle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saudi Aramco
- Shell
- Exxon Mobil
- Total
- BP
- Chevron
- CNPC
- Sinopec
- CNOOC
- National Iranian Oil Co
- Saudi Aramco
- Rosneft Oil
- Petrobras
- Kuwait Petroleum
- Lukoil
- Eni
- Valero Energy
- Pemex
- Phillips 66
- Petronas
Highlights of The Road Transportation Fuel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gasoline
- Diesel
- Biofuels
- By Application:
- Passenger Cars
- Commercial Vehicles
- Train
- Motorcycle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Road Transportation Fuel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Road transportation fuel is gasoline, diesel, or other petroleum-based products used to power vehicles on the road.
Some of the key players operating in the road transportation fuel market are Saudi Aramco, Shell, Exxon Mobil, Total, BP, Chevron, CNPC, Sinopec, CNOOC, National Iranian Oil Co, Saudi Aramco, Rosneft Oil, Petrobras, Kuwait Petroleum, Lukoil, Eni, Valero Energy, Pemex, Phillips 66, Petronas.
The road transportation fuel market is expected to grow at a compound annual growth rate of 5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Road Transportation Fuel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Road Transportation Fuel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Road Transportation Fuel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Road Transportation Fuel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Road Transportation Fuel Market Size & Forecast, 2018-2028
4.5.1 Road Transportation Fuel Market Size and Y-o-Y Growth
4.5.2 Road Transportation Fuel Market Absolute $ Opportunity
Chapter 5 Global Road Transportation Fuel Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Road Transportation Fuel Market Size Forecast by Type
5.2.1 Gasoline
5.2.2 Diesel
5.2.3 Biofuels
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Road Transportation Fuel Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Road Transportation Fuel Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.2.3 Train
6.2.4 Motorcycle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Road Transportation Fuel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Road Transportation Fuel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Road Transportation Fuel Analysis and Forecast
9.1 Introduction
9.2 North America Road Transportation Fuel Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Road Transportation Fuel Market Size Forecast by Type
9.6.1 Gasoline
9.6.2 Diesel
9.6.3 Biofuels
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Road Transportation Fuel Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.10.3 Train
9.10.4 Motorcycle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Road Transportation Fuel Analysis and Forecast
10.1 Introduction
10.2 Europe Road Transportation Fuel Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Road Transportation Fuel Market Size Forecast by Type
10.6.1 Gasoline
10.6.2 Diesel
10.6.3 Biofuels
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Road Transportation Fuel Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.10.3 Train
10.10.4 Motorcycle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Road Transportation Fuel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Road Transportation Fuel Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Road Transportation Fuel Market Size Forecast by Type
11.6.1 Gasoline
11.6.2 Diesel
11.6.3 Biofuels
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Road Transportation Fuel Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.10.3 Train
11.10.4 Motorcycle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Road Transportation Fuel Analysis and Forecast
12.1 Introduction
12.2 Latin America Road Transportation Fuel Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Road Transportation Fuel Market Size Forecast by Type
12.6.1 Gasoline
12.6.2 Diesel
12.6.3 Biofuels
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Road Transportation Fuel Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.10.3 Train
12.10.4 Motorcycle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Road Transportation Fuel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Road Transportation Fuel Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Road Transportation Fuel Market Size Forecast by Type
13.6.1 Gasoline
13.6.2 Diesel
13.6.3 Biofuels
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Road Transportation Fuel Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.10.3 Train
13.10.4 Motorcycle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Road Transportation Fuel Market: Competitive Dashboard
14.2 Global Road Transportation Fuel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saudi Aramco
14.3.2 Shell
14.3.3 Exxon Mobil
14.3.4 Total
14.3.5 BP
14.3.6 Chevron
14.3.7 CNPC
14.3.8 Sinopec
14.3.9 CNOOC
14.3.10 National Iranian Oil Co
14.3.11 Saudi Aramco
14.3.12 Rosneft Oil
14.3.13 Petrobras
14.3.14 Kuwait Petroleum
14.3.15 Lukoil
14.3.16 Eni
14.3.17 Valero Energy
14.3.18 Pemex
14.3.19 Phillips 66
14.3.20 Petronas
