Aviation Gasoline Market: Global Industry Analysis and Forecast (2024-2030) by end user and Region

Aviation Gasoline Market Overview:

 

Aviation Gasoline Market report examines the market's growth drivers as well as its segments (End-User, and Region). Data has been provided by market participants, and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, and presentations are used. The report examines the Aviation Gasoline markets, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Aviation Gasoline market.

 

The COVID 19 pandemic forced the aviation industry to a standstill. The spread of infection because of international travel caused the decline of international flights as soon after the declaration of the pandemic. Domestic travel followed suit soon, leading to entire fleets of commercial aircrafts being grounded. The use of private aircrafts also saw a decline with the enforcement of global lockdowns. As result of this, there was a stark downfall in the demand for Aviation Gasoline worldwide with the Aviation Gasoline market registering a decline of almost -14.8% as compared to the pre-pandemic scenarios. The markets are now set to recover as international corridors open and domestic travel commences.

 

The linkage between Aviation Gasoline prices and crude oil prices means that any major fluctuations caused in the latter, will determine the prices of the fuel. The recent invasion of Ukraine by Russia has led to a volatile market for crude oil and there is a lot of uncertainty regarding the same. This is because Russia is one of the main exporters of fossil fuels globally.

 

 

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Aviation Gasoline Market Dynamics:

 

As air-travel resumes across the globe, the Global Aviation market is well on its path for recovery. As the world re-opens, there is a spike in the number of travellers in the form of workcations and remote working spaces leading to overall increase in the number of flyers. The increased traffic leads to the growth of the Aviation Gasoline Market.

 

Small Aircrafts in demand:

 

The Aviation Gasoline market is expected to see an increase in sales as a result of consumers opting for small aircrafts for personal trips, sightseeing, photography and adventure camping trips. These small aircrafts deploy piston-engine aircrafts and as a result, there is a direct correlation between the industry and Aviation Gasoline Market.

 

Research and Development in Aircraft Design:

 

The advancements in aircraft engineering and design mean that they are cost efficient while performing better than ever. They are also more optimised and produce less air-pollution per unit fuel burnt. The Aviation Gasoline Market provides low-lead containing fuel that is the fuel of choice for these environment friendly engine designs. All the factors lead to a prediction in the increase in the demand and therefore Aviation Gasoline Market.

 

Electric Powered Aircrafts - The deal breakers:

 

With the increase in capacity of Lithium-Ion and other battery systems that now provide durable and reliable battery backups, along with the development of hybrid propulsion systems, that use both fossil fuels as well as electricity for propulsion, there is a hint of an ongoing paradigm shift as battery powered vehicles cut their fuel powered counterparts.

 

This is possible because of the cost per operational hour for electric airplanes is significantly less as compared to piston-engine models. There is therefore a major threat to the Aviation Gasoline Market from these developments.

 

Aviation Gasoline Market Segment Analysis:

By End User, Aviation Gasoline Market is segmented into the private, commercial, military. Private users dominated the Aviation Gasoline Market during the forecast period. Private Segment held the largest market share of the 61.1% in 2021. The demand for private aircrafts has been driven high because of increasingly number of High-Net-Worth individuals (HNWIs) and ultra-high-net-worth-individuals (UHNWIs). This is especially visible in developing countries and in countries where there is an accumulation of wealth. The commercial segment consists of corporate planes where the demand is driven by small business owners and philanthropic organisations.

 

The Commercial Segment is the second dominating segment in the Aviation Gasoline Market. The market is growing due to increased demand for airplanes from philanthropic organizations and large, medium, and small businesses. According to the Asian Sky Group, Asia Pacific had 1,314 business aircraft by the end of 2021. China had 733 operational business aircraft, Asia Pacific's most prominent business aircraft operator.

 

There is a prediction of increased activity in the military use. This is driven by the need for aircraft fleets of different militaries to modernise themselves, as well as increased probability of conflict.

 

Aviation Gasoline Market Regional Outlook:

 

North America leads the world in the Aviation Gasoline Market. North America Aviation Gasoline was valued at US$1.09 Bn. in 2021. This is due to the sheer dominance of the number of aircrafts across the three end-user segments, be it private, commercial or military.

 

United States of America has more than 200 thousand registered aircrafts, a majority of whom are piston-engine aircrafts. The country also has the largest air force in the world and therefore is major player in the Aviation Gasoline Market.

 

The Asia-Pacific region is the second-largest player in the Aviation Gasoline Market. Countries such as China, India and Japan have a large number of aircrafts, although they fail in comparison to their North American counterparts. Nonetheless, there is a huge number of people with dispensable incomes in this region and therefore it has a huge scope of growth and is already a major player in the Aviation Gasoline Market.

 

The report provides Porter’s Five Forces Model that will aid enterprise decision makers to develop their long-term strategies and marketing positions. It identifies the key competitors, their positioning and how their products perform and are perceived by the customers. Through expert analysts’ opinion, the report provides consultation on the difficulty of entering the market for new players.

 

Further the report provides PESTEL Analysis which will help the company tailor the overall strategies for market activities. The analysis takes into consideration various environmental variables that are crucial for the development of the market position of the company such as government funding and other political variables. Therefore, this analysis helps the stakeholder evaluate the challenges and opportunities in a holistic way.

 

Aviation Gasoline Market Scope:

Aviation Gasoline Market
Market Size in 2023	USD 2.12 Bn.
Market Size in 2030	USD 2.98 Bn.
CAGR (2024-2030)	5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By End Users   Private use Commercial use Military use
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aviation Gasoline Market Key Players:

• ExxonMobil(US)
• Shell(Netherlands)
• BP Plc(United Kingdom)
• Total(France)
• Repsol(Spain)
• Vitol Group(United Kingdom)
• Phillips 66(US)
• Indian Oil Corporation Limited(India)
• Naftal(Algeria)
• Hjelmco Oil AB(Sweden)
• Chevron Corporation(US)
• Total Energies SE(FRA)
• Gazprom Neft PAO(Russia)
• Bharat Petroleum Corp. Ltd(India)
• Emirates National Oil Company(UAE)