FBI
News

Transportation Fuel Market Anticipated to Account for Largest Market Share Across the Globe | Trending Report with Impact of Covid-19

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 2026.” 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\

Top Players

  • Total
  • Hindustan Petroleum Corporation Limited
  • PETRONAS
  • Bharat Petroleum Corporation Limited
  • Allied Aviation Services
  • Royal Dutch Shell
  • Gazprom
  • Centrica
  • Valero Energy Corporation
  • Rosneft
  • Sinopec Engineering Group Saudi Co. Ltd.
  • Exxon Mobil Corporation
  • BP
  • Chevron

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.

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.

Pre Book Full Report for Exclusive Transportation Fuel Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/100451

Other Exclusive Reports:

Gas Turbine Upgrade for Performance Enhancement Market to Get Expansion admist COVID 19, Scope With Advanced Technologies Top Key Players and Forecast 2020-2026

Floating Power Plant Market 2020 Global Trends, Key Company Profiles, Share, Growth, Analysis, Opportunities and Forecast To 2026

Natural Gas Market to Get Expansion admist COVID 19, Scope With Advanced Technologies Top Key Players and Forecast 2020-2026

Industrial Boilers Market 2020 Global Trends, Key Company Profiles, Share, Growth, Analysis, Opportunities and Forecast To 2026

Propane Market Outlook 2026: Top Companies, Trends, Growth Factors Details by Regions, Types, and Applications

Electric Submersible Pump Cable Market to Get Expansion admist COVID 19, Scope With Advanced Technologies Top Key Players and Forecast 2020-2026

About Us:

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.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: [email protected]