Global Aviation Fuel Market Share, Size, Analysis - Segmented by Fuel Type, End-User Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||704770|
|出版日||ページ情報||英文 151 Pages
|航空燃料の世界市場：成長率・各種動向・予測 Global Aviation Fuel Market Share, Size, Analysis - Segmented by Fuel Type, End-User Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年07月01日||ページ情報: 英文 151 Pages||
Aviation Fuel Market
Aviation is one of the fastest growing sectors driven by a rapidly expanding global middle class, especially in developing countries, as well as the increasing penetration of low cost carriers. The aviation fuel market is expected to witness a high growth rate during the forecast period, 2018 to 2023. The market for aviation fuel is highly effected by the increasing number of air passengers worldwide and fluctuations in oil and gas prices. The demand is majorly driven in response to the air traffic and aircraft fleet in both commercial and military applications in emerging economies such as China and India. Increasing demand for air cargo transportation in terms of volume and freight traffic is one of the drivers of aviation fuel market.
Increase in the Air Passengers in the Emerging Economies Driving the Aviation Fuel Market
Demand for aviation fuel has increased significantly over the last two years owing to the rise in airline passenger traffic. As per the International Civil Aviation Organization (ICAO), 3.97 billion passengers flew on scheduled flights around the world in 2017. According to the International Air Transport Association, this passenger number represented a growth of 8.8% y-o-y, as measured by revenue passenger kilometers (RPKs). These factors contribute to the increasing demand for aviation fuel, which has been one of the strongest performers among transportation fuels in recent years. Expanding middle class in emerging countries, diverging demographic outlooks, and liberalization of aviation markets are some of the major factors to be considered for the increase in air passengers count every year. According to the International Air Transport Association (IATA), around 7.8 billion passengers are expected to travel by 2036, which is almost double the number in 2017.
Asia-Pacific Holds the Largest Share in Aviation Fuel Market
Asia-Pacific has emerged as one of the largest aviation fuel markets in the recent years. With the rise in urbanization and increasing disposable incomes in the emerging economies across the region has resulted in the growth of air passengers in this region. Driven by changing demographic trends, Asia-Pacific increasing investments in transportation and manufacturing infrastructure is expected to boost the demand for aviation fuel. Countries such as China, India, and Indonesia are expected to be the fastest growing markets in terms of annual additional passengers by 2036. With China's economy shifting towards a more service- and consumption-driven model, the medium term demand for air freight is expected to increase in the coming years. These are some of the significant factors contributing to the growth of the aviation fuel market during the forecast period.
Passenger Aircraft- A Huge Market Potential
Due to the sharp increase in economic growth and disposable incomes in emerging countries demand for air travel is expected to double in the next two decades and grow almost by 4% each year. China, the United States, India, Indonesia, and Turkey are expected to be the fastest-growing markets in terms of annual additional passengers by 2036. As international travel has become more accessible, the global tourist arrival count has greatly increased 1.24 billion in 2016. Increasing the number of flights performed and the number of low-cost carriers in countries such as China and India have accounted for more than 10% of the total aviation market in these countries.
Key Developments in the Aviation Fuel Market
Nov, 2017: Shell aviation announced that it has signed a fuelling concession agreement to operate the new into-plane and fuel farm facilities as the sole jet fuel supplier at Salalah International Airport in Oman.
Aviation Fuel Market Major Players
Exxon Mobil Corporation
Qatar Jet Fuel Company
Bharat Petroleum Corp Ltd
Royal Dutch Shell Plc
Allied Aviation Services, Inc.
Valero Marketing and Supply
Gazprom Neft PJSC
Reasons to Purchase Aviation Fuel Market Report
Current and future aviation fuel market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter's five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market share, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel)
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