Global Road Transportation Fuel Market 2022-2026
Technavio has been monitoring the road transportation fuel market and it is poised to grow by $ 192.84 bn during 2022-2026, accelerating at a CAGR of 1.87% during the forecast period. Our report on the road transportation fuel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growth in the number of automobiles on roads, rising urbanization and industrialization, and rising fuel supply.
The road transportation fuel market analysis includes the end-user segment and geographic landscape.
Technavio's road transportation fuel market is segmented as below:
- Natural gas
By Geographical Landscape
- North America
- Middle East and Africa
- South America
This study identifies the adoption of bio-based and clean fuels as one of the prime reasons driving the road transportation fuel market growth during the next few years. Also, ban on sale of gasoline- and diesel-fueled vehicles and introduction of the intelligent transportation systems and autonomous driving will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on road transportation fuel market covers the following areas:
- Road transportation fuel market sizing
- Road transportation fuel market forecast
- Road transportation fuel market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading road transportation fuel market vendors that include Acciona SA, AVRIL SCA, Bharat Petroleum Corp. Ltd., BP Plc, Chevron Corp., China Petrochemical Corp., Chubb Ltd., CNG Fuels Ltd., Dangote Industries Ltd., Eni Spa, Equinor ASA, Exxon Mobil Corp., Green Plains Inc., Hindustan Petroleum Corp. Ltd., Indian Oil Corp. Ltd., Kuwait National Petroleum Co., PJSC LUKOIL, Reliance Industries Ltd., Shell plc, and TotalEnergies SE. Also, the road transportation fuel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.