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(USGovernment-News.Com, December 13, 2016 ) Fuel expense is an ongoing expense that must be considered while purchasing a vehicle. It also has a significant impact on the environment, as GHGs, particularly carbon dioxide, are produced when the fuel is burned in an engine. Government programs and local resources largely influence the demand for vehicles and fuel use. Currently, the Transportation industry is using gasoline and its blends as the major source of fuel. However, various government programs aimed at reducing fuel consumption, incentivizing the alternative fuel vehicle manufacturers, and bio-fuels mandates are expected to provide necessary impetus for the market growth in the future.
TechNavio's analysts forecast the Global Fuel Consumption market for the Transportation industry to grow at a CAGR of 2.1 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Fuel Consumption market for the Transportation industry for the period 2015-2019. In terms of modes of transport, the market can be segmented into six: LDV, HDV, Air, Marine, Rail, and Others.
TechNavio's report, the Global Fuel Consumption Market for the Transportation Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the landscape of the Global Fuel Consumption market for the Transportation industry and its growth prospects in the coming years.The report includes a discussion of the key vendors operating in this market.
Key Regions
Americas APAC EMEA
Key Vendors
BP China National Petroleum Corporation Exxon Mobil Royal Dutch Shell Total
National Iranian Oil Company Petroleos de Venezuela Sinopec Group Saudi Aramco
Market Driver
Increase in Oil and Gas Supply For a full, detailed list, view our report
Market Challenge
Climate Change For a full, detailed list, view our report
Market Trend
Increase in Demand for Non-gasoline LDVs For a full, detailed list, view our report
Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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