Latest News- Gasoline As A Fuel Market: Passenger vehicles is expected to lead the Application segment during 2025-2029

The Gasoline As A Fuel Market is being driven by Increasing number of automobiles worldwide

The Gasoline As A Fuel Market is expected to grow at a CAGR of 1.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 131.6 billion. The gasoline fuel market is experiencing significant growth due to the increasing demand for portable gasoline generators in various sectors. These generators, which are compact and easily transportable, have gained popularity in residential and event applications, particularly for outdoor events and emergency power supply during power outages. With the rise in extreme weather events, the frequency and severity of which are escalating due to climate change, the need for reliable backup power sources is becoming increasingly crucial. In the US alone, there were 27 individual weather and climate disasters in 2024 causing over USD1 billion in damages, just shy of the record-breaking 28 events in 2023. This trend is expected to continue, driving up the demand for gasoline as a fuel for power generation. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger vehicles
  • Commercial vehicles
  • Small engines
  • Marine engines
• Distribution Channel
  • Fuel stations
  • Direct supply to fleets
  • Online fuel delivery services
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing number of automobiles worldwide
• Rising adoption of gasoline in commercial and industrial applications
• Growing demand for energy in developing countries

However, the market also witnesses some limitations, which are as follows:

• Volatility in global crude oil prices
• Increasing use of alternative energy
• Stringent regulations and policies on GHG emission

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Market Scope in Gasoline As A Fuel Market Research Report

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Research Analysis Overview

The fuel market encompasses the use of gasoline as a transportation fuel, primarily in passenger cars and motorcycles. With the widespread adoption of automobiles, gasoline's availability is crucial. However, with the rise of alternative energy sources and clean energy initiatives, gasoline faces competition from electric vehicles and secondary fuels. ICEs, including those in cars, motorcycles, aviation, and marine vessels, require gasoline. Additives like ethanol are used to enhance gasoline's performance. The oil market influences gas prices, while taxes impact consumer costs. Gasoline is essential for high-speed cars and portable generators. Despite its carbon emissions, gasoline remains a significant transportation fuel.

Market Research Overview

The global oil and gas refining and marketing industry encompasses businesses involved in the refining and distribution of oil, gas, and refined products. This sector represents a crucial component of the oil and gas value chain. According to Technavio, the market size for this industry is determined by the consolidated revenue generated by providers of oil, gas, refined products, and related services. Key growth drivers for the oil and gas refining and marketing market include the expanding demand for cleaner fuels, particularly in emerging economies such as China and India, due to population growth and industrialization.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/