Transportation Fuel Market, by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Transportation Fuel Market size was valued at USD 840.21 USD Billion in 2023 and is projected to reach USD 1175.18 USD Billion by 2032, exhibiting a CAGR of 4.91 % during the forecast period. Transportation fuel includes energy that is utilized for transport and it entails car fuel, truck fuel, airplane fuel, and ship fuel. There are primarily gasoline, diesel, jet fuel, natural gas, biofuels, and electricity with others being a small portion of the mix. Gasoline and diesel are two forms of crude oil which is used to power internal combustion engines. Jet fuel is used to fuel aircraft, while natural gas is used for vehicles and fleets. While biofuels, derived from organic matter can be categorized as renewable resources; electricity that drives electrically charged vehicles via batteries is another means of energy. These fuels are globally used for mobility but they have different efficiency technologies, outputs, and impacts on pollution in the transport systems.
Based on fuel type:
Based on application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.91% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.91% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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