2025-2034 Gasoline Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Gasoline Industry Market Size Be by 2025?
Over the last few years, the gasoline market has seen consistent expansion. The market, which is estimated to be worth $1471.6 billion in 2024, is projected to increase to $1537.6 billion in 2025, marking a compound annual growth rate (CAGR) of 4.5%. This upward trend during the historical period is grounded in factors such as worldwide oil prices, legislative landscapes, patterns in consumer behavior, infrastructural enhancements, and trends within the automotive industry.

What's the Long-Term Growth Forecast for the Gasoline Market Size Through 2029?
Anticipations are set for consistent growth in the gasoline market size over the coming years. The market is projected to expand to "$1806.61 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 4.1%. The predicted growth during the forecast period can be linked to the shift towards electric vehicles (EVs), policies favoring renewable energy, climate change control measures, and geopolitical factors. Key trends shaping this forecast period encompass global economic recovery, greater acceptance of electric vehicles, technological progress in fuel efficiency, government-guided policies and rules, and fluctuations in the prices of oil.

View the full report here:
https://www.thebusinessresearchcompany.com/report/gasoline-global-market-report

What Are the Key Growth Drivers Fueling the Gasoline Market Expansion?
The projected rise in automobile needs is set to boost the growth of the gasoline market. As the most commonly used fuel in numerous vehicles, chiefly in regions where electric or substitute fuel vehicles are not broadly acknowledged, gasoline is poised to see a rise in demand along with the increase in the demand for automobiles. This surge in requirement for gasoline to propel these vehicles will instigate the growth in the gasoline market. For instance, the European Automobile Manufacturers Association, a Belgium-based premier lobbying and standards group of the automobile industry reported in March 2024 that, global new car sales saw a near 10% rise subsequent to a steady performance in 2022. In the EU, the sales soared by approximately 14%, adding up to 10.5 million units, whereas the sales of battery-electric vehicles went up by 37%, earning a market share of 14.6%. Thus, the rising demand for automobiles is steering the growth of the gasoline market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10024&type=smp

What Are the Key Trends Driving Gasoline Market Growth?
The gasoline market is seeing new product innovations as companies strive for sustainability. In March 2022, US-based Renewable Energy Group Inc. introduced EnDura Fuels, a line of cleaner-burning biofuels that help transportation and other sectors lower emissions and meet environmental targets.

How Is the Gasoline Market Segmented?
The gasoline market covered in this report is segmented -

1) By Type: Regular Gasoline, Special Gasoline
2) By Application: Transportation, Small Aircrafts, Electricity Generators, Recreational Vehicles, Other Applications
3) By End-User: Transportation, Power Generation, Other End-Users

Subsegments:
1) By Regular Gasoline: Regular Unleaded Gasoline (87 octane), Regular Oxygenated Gasoline
2) By Special Gasoline: Premium Gasoline (91-93 octane), Special Additive Gasoline

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10024&type=smp

Which Companies Are Leading the Charge in Gasoline Market Innovation?
Major companies operating in the gasoline market include 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, Ecopetrol S.A., Surgutneftegas, CNOOC Limited

Which Regions Are Leading the Global Gasoline Market in Revenue?
North America was the largest region in the gasoline market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global gasoline market report during the forecast period. The regions covered in the gasoline market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10024

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with 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.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.