Global Aviation Fuel Market Size, Share, COVID Impact Analysis & Trends Report 2020-2025 (PDF)
The Global Aviation fuel market size was valued at USD 178.560 Billion in 2019 and it is anticipated to reach USD 253.261 Billion in 2025 as per a new market research report published by UpGraph Research.
Participants in the aviation fuel industry are working together to develop different fuel grades and variants that would be compatible with a wide variety of aircraft. Furthermore, several firms are collaborating with regulatory bodies to commercialize specific fuel grades to improve productivity and reduce emissions.
The Global Aviation Fuel market demand may be hampered by the volatility of crude oil markets, as well as the introduction of hybrid, diesel, and aircraft that are more electric. Furthermore, uncertainties associated with crude oil refining and extraction and geopolitical problems may lead to price increases and market value fluctuations. On the other hand, industry players are continuing to invest in renewable and bio-based fuel options, which are supposed to mitigate the effects and prove to be a viable alternative to conventional fossil-based fuel.
Throughout the projected era, commercial aircraft will have the majority of the Global Aviation Fuel market share. This can be due to an increase in global air passenger traffic. Furthermore, the rise of low-cost airlines, as well as rising living standards and a burgeoning tourism sector are all contributing to the industry’s growth. Airlines are concentrating their efforts on widening their network of routes to serve a larger regional area and draw customers.
The regional jet is expected to grow significantly before 2026, owing to the rising demand for short-distance travel around the world. These planes are suitable for safely transporting a small number of passengers. Furthermore, a small number of airlines around the world are focusing on developing the travel experience with these jets by providing customized packages, thus improving passenger convenience and appeal.
The segments of the Global Aviation fuel market based on Fuel types are Jet fuel and Biofuel. Based on Aircraft Type, it can be segmented into Fixed Wing and rotorcraft.
According to this study, the Global Aviation fuel market will register a 6.00% over the next five years.CAGR in terms of revenue; the global market size will reach US$ 253.261 Billion by 2025, from US$ 178.560 billion in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in the Global Aviation fuel market business, shared in Chapter 3.
This market research report shall provide in-depth information including market estimates & forecast, trends, market growth analysis at regional and country level for the following key segments in the Global Aviation fuel market:
The report shall incorporate detailed company profiles of the following key players including their business overview, financial performance, product/service benchmarking, strategic initiatives:
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