Press release
Gasoline Global Market Forecasted to Reach $1712.78 Billion by 2028, Size, Share, Trends, Development Strategies and Segmentation Analysis
Gasoline Global Market
According to The Business Research Company's, The gasoline market size has grown steadily in recent years. It will grow from $1395.64 billion in 2023 to $1460.61 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to global oil prices, regulatory environment, consumer behavior, infrastructure development, automobile industry .
The gasoline market size is expected to see steady growth in the next few years. It will grow to $1712.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to transition to electric vehicles (evs), renewable energy policies, climate change regulations, geopolitical factors. Major trends in the forecast period include global economic recovery, electric vehicle adoption, technological advancements in fuel efficiency, government policies and regulations, fluctuations in oil prices.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/gasoline-global-market-report
Market Drivers and Trends:
The increase in demand for automobiles is expected to propel the growth of the gasoline market going forward. Gasoline is the most commonly utilized fuel in most automobiles, particularly in areas where electric or alternative fuel vehicles are not widely recognized. With the increasing demand for automobiles, there will be a corresponding increase in demand for gasoline to fuel those vehicles, leading to growth in the gasoline market. For instance, in March 2022, according to the European Automobile Manufacturers Association, a Belgium-based main lobbying and standards group of the automobile industry, in 2021, US auto manufacturers produced around 6.3 million passenger automobiles, a 3.1% increase over 2020. Additionally, in 2021, global car production climbed by 2.7% to 63.2 million units. Further, according Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, the increase in demand for automobiles is driving the growth of the gasoline market.
Product innovations are a key trend gaining popularity in the gasoline market. Companies operating in this market are adopting new product innovations to sustain their position in the market. For instance, in March 2022, Renewable Energy Group Inc., a US-based biobased diesel producer, announced the launch of its fuel solutions under the EnDura Fuels brand. This product introduction improves the ongoing initiatives of Renewable Energy Group to assist the transportation sector. Through the use of cleaner-burning, lower-emission fuels, these innovations assist transportation, rail, maritime, aviation, and other industries in achieving their sustainability goals.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10024&type=smp
Major Key Players of the Market:
Exxon Mobil Corporation; Shell plc; Chevron Corporation.; PBF Energy Inc.; Reliance Industries Limited; PetroChina Company Limited; Saudi Arabian Oil Co.; China National Petroleum Corporation; BP plc; Marathon Petroleum Corporation; Valero Energy Corporation; Petróleos de Venezuela SA; Motiva Enterprises LLC; Kuwait Petroleum Corporation; Emirates National Oil Company Group; Saudi Aramco; Gazprom International Limited; TotalEnergies; Eni S.p.A.; ConocoPhillips Company; Rosneft; LUKOIL Lubricants company; Phillips 66; Pemex; Indian Oil Corporation; Petronas; Sinopec; Repsol S.A.; OMV AG; Hess Corporation; Occidental Petroleum Corporation; Marathon Oil Corporation; Ecopetrol S.A.; Surgutneftegas; CNOOC Limited
Gasoline Market 2024 Key Insights:
• The gasoline market size will grow to $1712.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%.
• Rising Automobile Industry To Drive Market Growth
• Product Innovations Transforming The Gasoline Market
• North America was the largest region in the gasoline market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10024&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gasoline Global Market Forecasted to Reach $1712.78 Billion by 2028, Size, Share, Trends, Development Strategies and Segmentation Analysis here
News-ID: 3747925 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report.
The global endotherapy devices market is projected to reach…
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally.
Introduction
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’.
Get PDF for more Professional and Technical insights…
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at…
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market…
Digital Living Room Market 2017 - 2025 : Sharp Corporation, BenQ Corporation, So …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
