Gasoline Global Market Report 2024

Description

“Gasoline Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on gasoline market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for gasoline? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The gasoline market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Regular Gasoline; Special Gasoline
2) By Application: Transportation; Small Aircrafts; Electricity Generators; Recreational Vehicles; Other Applications
3) By End-User: Transportation; Power Generation; Other End-Users
Companies Mentioned: Exxon Mobil Corporation; Shell plc; Chevron Corporation.; PBF Energy Inc.; Reliance Industries Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Gasoline is a fuel sourced from crude oil and various petroleum liquids, predominantly employed in machines featuring internal combustion engines.

The primary categories of gasoline comprise regular gasoline and special gasoline. Regular gasoline denotes a petroleum product with an octane rating of 87, derived from crude oil and possessing flammable properties. Its main uses encompass transportation, small aircraft, electricity generators, recreational vehicles, and various applications within the realms of transportation, power generation, and other related sectors.

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The gasoline market size has grown steadily in recent years. It will grow from $1395.64 billion in 2023 to $1460.61 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The expansion observed in the historical period can be ascribed to factors such as worldwide oil prices, regulatory conditions, consumer behavior, infrastructure development, and the automobile industry.

The gasoline market size is expected to see steady growth in the next few years. It will grow to $1712.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The anticipated growth in the forecast period can be credited to factors such as the shift to electric vehicles (EVs), the implementation of renewable energy policies, regulations addressing climate change, and geopolitical considerations. Key trends expected in the forecast period encompass the global economic recovery, the increasing adoption of electric vehicles, technological advancements enhancing fuel efficiency, government policies and regulations, and fluctuations in oil prices.

The anticipated growth in the gasoline market is expected to be fueled by an increase in the demand for automobiles. Gasoline remains the predominant fuel in many automobiles, especially in regions where electric or alternative fuel vehicles are not widely adopted. The growing demand for automobiles implies a corresponding surge in the need for gasoline to power these vehicles, thereby contributing to the expansion of the gasoline market. As an example, as of March 2022, the European Automobile Manufacturers Association reported that U.S. auto manufacturers produced approximately 6.3 million passenger automobiles in 2021, marking a 3.1% increase from the previous year. Additionally, global car production saw a rise of 2.7% to reach 63.2 million units in 2021. According to the Global EV Outlook 2022 report, electric vehicle (EV) sales doubled from the previous year in 2021, reaching a record high of 6.6 million. The sales of electric car vehicles worldwide in 2021 amounted to 6,600,000 units, up from 2,980,000 units. Thus, the surge in automobile demand is a key driver for the growth of the gasoline market.

The anticipated growth in the gasoline market is expected to be driven by an increase in geopolitical tensions. Geopolitical tensions encompass political conflicts, rivalries, or disputes among nations or regions, often related to issues such as territory, resources, power, or ideology. Escalating geopolitical tensions have implications for the gasoline market, causing disruptions in oil supply, introducing market uncertainty and a risk premium, impacting refinery operations, altering regional supply routes, influencing currency fluctuations, and affecting demand. Furthermore, such tensions may lead to strategic releases or withholdings from petroleum reserves. For instance, as of March 2022, data from The Armed Conflict Location & Event Data Project (ACLED), a U.S.-based non-profit organization, revealed an increase in reported events of political violence targeting civilians from 33,331 in 2020 to 37,185 in 2021, marking a 12% rise. Similarly, civilian fatalities increased by 8%, with 35,879 reported fatalities in 2020 compared to 38,658 in 2021. Consequently, the rise in geopolitical tensions is a significant factor driving the growth of the gasoline market.

Product innovations stand out as a prominent trend gaining traction in the gasoline market, with companies in this industry actively embracing new innovations to maintain their market positions. As an example, in March 2022, Renewable Energy Group Inc., a biobased diesel producer based in the United States, unveiled its fuel solutions under the EnDura Fuels brand. This product launch aligns with Renewable Energy Group's ongoing efforts to support the transportation sector by offering cleaner-burning, lower-emission fuels, aiding various industries such as transportation, rail, maritime, aviation, in meeting their sustainability objectives.

Major players in the gasoline market are spearheading the development of innovative technologies, including deposit-eradicating technologies, to secure a competitive advantage. Deposit-eradicating technology involves features or innovations designed to eliminate deposits that may accumulate in specific systems or components. For instance, in May 2023, Equilon Enterprises LLC, a U.S.-based oil refining company, introduced an enhanced formulation of its Shell V-Power NiTRO+ Premium Gasoline. This high-performance fuel incorporates unique deposit-eradicating technology targeting fuel injectors, a critical engine component. It can remove up to 100% of performance-robbing deposits, providing protection against future build-up. Engineered for maximum performance, the new V-Power NiTRO+ aims to deliver a premium fuel experience to customers.

In October 2021, World Fuel Services Corporation, a U.S.-based company specializing in gasoline and associated petroleum products, acquired Lykins Energy Solutions for an undisclosed amount. This acquisition, particularly of Lykins Energy Solutions' bulk fuel division, is anticipated to expand World Fuel Services Corporation's proprietary operating footprint in Ohio and add 25,000 more customers in the commercial, industrial, and residential markets. Lykins Energy Solutions is a U.S.-based oil and energy company.

Major companies operating in the gasoline market report are Exxon Mobil Corporation, Shell plc, Chevron Corporation., PBF Energy Inc., Reliance Industries Limited, PetroChina Company Limited, Saudi Arabian Oil Co., China National Petroleum Corporation, BP plc, Marathon Petroleum Corporation, Valero Energy Corporation, Petroleos de Venezuela SA, Motiva Enterprises LLC, Kuwait Petroleum Corporation, Emirates National Oil Company Group, Saudi Aramco, Gazprom International Limited, TotalEnergies, Eni S.p.A., ConocoPhillips Company, Rosneft, LUKOIL Lubricants company, Phillips 66, Pemex, Indian Oil Corporation, Petronas, Sinopec, Repsol S.A., OMV AG, Hess Corporation, Occidental Petroleum Corporation, Marathon Oil Corporation, Ecopetrol S.A., Surgutneftegas, CNOOC Limited

North America was the largest region in the gasoline market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global gasoline market report during the forecast period. The regions covered in the gasoline market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the gasoline market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The gasoline market consists of sales of regular gasoline, midgrade gasoline, premium gasoline, ethanol-blended gasoline, oxygenated gasoline, and reformulated gasoline. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11753

1. Executive Summary

2. Gasoline Market Characteristics

3. Gasoline Market Trends And Strategies

4. Gasoline Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Gasoline Market Size and Growth

5.1. Global Gasoline Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Gasoline Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Gasoline Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Gasoline Market Segmentation

6.1. Global Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Regular Gasoline
Special Gasoline
6.2. Global Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Transporation
Small Aircrafts
Electricity Generators
Recreational Vehicles
Other Applications
6.3. Global Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Transporation
Power Generation
Other End-Users

7. Gasoline Market Regional And Country Analysis

7.1. Global Gasoline Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Gasoline Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Gasoline Market

8.1. Asia-Pacific Gasoline Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Gasoline Market

9.1. China Gasoline Market Overview
9.2. China Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Gasoline Market

10.1. India Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Gasoline Market

11.1. Japan Gasoline Market Overview
11.2. Japan Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Gasoline Market

12.1. Australia Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Gasoline Market

13.1. Indonesia Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Gasoline Market

14.1. South Korea Gasoline Market Overview
14.2. South Korea Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Gasoline Market

15.1. Western Europe Gasoline Market Overview
15.2. Western Europe Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Gasoline Market

16.1. UK Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Gasoline Market

17.1. Germany Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Gasoline Market

18.1. France Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Gasoline Market

19.1. Italy Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Gasoline Market

20.1. Spain Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Gasoline Market

21.1. Eastern Europe Gasoline Market Overview
21.2. Eastern Europe Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Gasoline Market

22.1. Russia Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Gasoline Market

23.1. North America Gasoline Market Overview
23.2. North America Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Gasoline Market

24.1. USA Gasoline Market Overview
24.2. USA Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Gasoline Market

25.1. Canada Gasoline Market Overview
25.2. Canada Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Gasoline Market

26.1. South America Gasoline Market Overview
26.2. South America Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Gasoline Market

27.1. Brazil Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Gasoline Market

28.1. Middle East Gasoline Market Overview
28.2. Middle East Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Gasoline Market

29.1. Africa Gasoline Market Overview
29.2. Africa Gasoline Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Gasoline Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Gasoline Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Gasoline Market Competitive Landscape And Company Profiles

30.1. Gasoline Market Competitive Landscape
30.2. Gasoline Market Company Profiles
- 30.2.1. Exxon Mobil Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Shell plc
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Chevron Corporation.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. PBF Energy Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Reliance Industries Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Gasoline Market Competitive Benchmarking

32. Global Gasoline Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Gasoline Market

34. Gasoline Market Future Outlook and Potential Analysis

34.1 Gasoline Market In 2028 - Countries Offering Most New Opportunities
34.2 Gasoline Market In 2028 - Segments Offering Most New Opportunities
34.3 Gasoline Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer