Global Aviation Fuel Market, Trends, Analysis, Opportunities, Share and Forecast – 2018-2025.
Global aviation transportation is supporting an increase in the market share of aviation fuel. Aviation fuel is expected to have a global consumption share of about 24% across other industries by the end of 2025. A shift in social-economic and political changes boosting the demand for air travel among customers accelerating the growth of the aviation fuel market. Oil & Gas companies are offering aviation fuel at competitive prices, commercial activities, global trade are some of the key factors supporting this market growth.
Demand increase from the defense sector as well as from nation’s security systems accelerating this market growth. The aviation market has fragmented players who support moderately to aviation fuel market share globally. The market growth is attributed to the increase in disposable income of customers across the globe because of a rise in air travel. The growth rate of the aviation fuel market is about 3.02% of year on year growth during 2018-2025. There is a significant amount of market share of 73% in the commercial aviation market segment in the consumption of aviation fuel globally.
The market for Global Aviation Fuel is accounted as USD 300 billion in 2018. Its CAGR is valued at 5.22% to reach a market value of USD 450 billion till 2025.
To request a sample copy or view summary of this report, click the link below:
A surge in passenger aircraft boosting the market share of the aviation fuel market:
The market for aviation fuel is being intensified by the surge in the air travel industry mostly in developing nations. The rise in disposable income of customers mainly in developed nations are accelerating the growth of this industry. Tourism industry offering aircraft services are also being boosting worldwide enabling aviation fuel companies to flourish at a rapid pace. The rise in aviation fuel market is being challenged by the advent of sustainable energy sources in the aviation industry. Therefore the passenger segment is expected to have a significant market share in the consumption of aviation fuel among others. Therefore the passenger segment is expected to have a significant market share in the consumption of aviation fuel among others.
North America to experience huge demand in aviation fuel:
North American is one of the most lucrative markets across the globe for aviation fuel consumption. The region is having economic growth at an exponential level encouraging this market to enhance its aviation industry. North America has a surge in the advancement in the market share of the commercial aviation industry.
The Asia-pacific market is estimated to be having the largest aviation fuel markets among others. The region is also focusing on manufacturing and service sector of the aviation industry making it observe the rise in aviation fuel consumption. Nations such as China, India and Indonesia are growing at a fast pace in the aviation industry because of its expansion of technology and economy.
Prominent players that are operating in the global aviation fuel market are listed as follows: Qatar Jet Fuel Company, BP plc., Exxon Mobil Corporation, Bharat Petroleum Corporation Ltd., Chevron Corporation, Allied Aviation Services Inc., Valero Marketing and Supply, Gazprom Neft PJSC, Shell Global, Royal Dutch Shell PLC.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
About Bizizz Market Research:
Bizizz Market Research (BMR) is a unique market research, consulting, and business solution organization that offers best strategic and tactical support to customers to enhance their business decision process. BMR team is full of impassioned & dedicated experts who thrives to give their very best to their clients and always ready to take any challenge.
Our expanding team of professionals & experts from a wide array of streams and vertical has critical problem solving skills, innovative approaches and research techniques to deliver best solution to our clients. We continuously pushing our capabilities to enhance our services and setting higher quality goals each day. BMR offers syndicated reports, custom reports and consulting services to our clients. We are capable of catering the market research demands of individuals and organizations of various industries across different geographies with utmost data accuracy in minimal turnaround time.
Bizizz Market Research
410 E Santa Clara Street, Unit #762
San Jose, CA 95113
Phone :+1 408-622-0123