Fuel Station Market Size, Share & Industry Analysis, By Fuel (Gasoline, Diesel, Gas, others), By End-User (Road Transport Vehicles, Air Transport Vehicles, Water Transport Vehicles) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Fuel stations are facilities that provide consumers with fuels for their vehicles. The massive use of vehicles, both commercially and passengers has led to a surge in the rise of fuel filling stations, especially for petrol, diesel, and gas.
Based on the fuel, the market is classified into gasoline, diesel, gas, and others. The gasoline segment accounted for the major share of the market and it is anticipated that it will maintain its attractiveness during the forecast period, as it is the most used fuel in vehicles. A majority of passenger vehicles, two-wheelers, ships, and airplanes use gasoline as fuel.
Based on the end-user, the global market is classified into road transport vehicles, air transport vehicles, and water transport vehicles. The road transport vehicle segment accounted for the major share in the market. The road transport vehicles segment includes two-wheelers, four-wheelers, buses, trucks, etc. The majority share of this segment can be attributed to the majority share of these vehicles in the vehicle market.
There is an expansion in the existing fuel station infrastructure owing to the advancement in technology. There is also increased investment in the sector by government and multination corporates. These factors coupled with the rise in usage of motor vehicles all over the world are likely to drive the global fuel station market during the forecast period.
The key market restraint for the market is the rising demand for environment-friendly electric vehicles. Also, the rising fuel prices and stringent regulation of the fuel station industry, and slowing the growth in the sector.
Key Market Driver -
Expansion in existing fuel station infrastructure
Key Market Restraint -
Rising demand for environment-friendly vehicles, like electric vehicles
Key Players Covered:
Some of the major companies in the fuel station market are bp, Cryostar, ENGIE, Total, SINOPEC, ENOC, Aldrees Petroleum & Transport Services Company, Royal Dutch Shell, CNOOC International, China National Petroleum Corporation, FortisBC, KUNLUN ENERGY LIMITED, PetroChina, and Hindustan Petroleum Corporation Limited.
Regional Analysis:
The global fuel station market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the major share of the global market, due to the high demand for gasoline for road transport, water transport, and air transport vehicles. The North America market is also increasing due to the growing production of oil and increasing oil rigs in the region, especially in the U.S. and Canada. Asia-Pacific is the fastest-growing region for the fuel station market, owing to the rising adaptation of fuel-powered vehicles in developing nations such as India and China. India is the third-largest country in terms of the number of fuel stations, after U.S. and China.
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Segmentation
ATTRIBUTE | DETAILS |
By Fuel |
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By End-User |
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By Geography |
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Key Industry Developments
- In Feb 2021, Total inaugurated France’s largest Natural Gas for Vehicle (NGV) and bioNGV filling station in Gennevilliers, which will be operated by Total for the next 10 years.
- In Feb 2019, Total and Saudi Aramco formed an equal partnership joint venture to develop retail fuel stations across Saudi Arabia.
- Ongoing
- 2023
- 2019-2022
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