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.
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• 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
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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.
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