Product Code: TIPRE00040985
The global racing gasoline market size was valued at US$ 396.43 million in 2024 and is expected to reach US$ 538.85 million by 2031; it is estimated to record a CAGR of 4.40% from 2025 to 2031.
The global rise of motorsports events, such as Formula 1, NASCAR, MotoGP, and rallying, is a major driver of the racing gasoline market. These high-performance competitions demand fuels that deliver maximum power, speed, and engine efficiency. With the rise of professional and amateur racing events globally, the demand for specialized racing fuels is also increasing. In the 2024 season, 12 races recorded year-over-year viewership increases, with seven events-including Miami, Monaco, Canada, and Abu Dhabi-setting new viewership records. While the average US audience declined slightly from 1.16 million to 1.13 million on ESPN, global attendance and digital engagement remained strong.
Additionally, simulation racing and esports formats experienced 35% growth, attracting a younger audience and expanding the consumer base for racing fuels. This increase in motorsports popularity correlates with the rise in racing fuel consumption, as more events and participants require high-performance fuels to meet competitive standards. The expansion of racing formats, including hybrid and electric categories, also fosters fuel innovation, further driving market growth.
In terms of television viewership, the US ranks third. With rising popularity and more home events on the calendar, the US is likely to break into the top five in future years. The sport continues to expand its global presence, experiencing significant growth in markets such as Canada, Australia, China, and the Middle East. This growth has led to a substantial increase in viewership in these regions. The rising popularity of motorsports has positively influenced the number of events held. Consequently, several new small-scale motorsport events have emerged, which directly and positively impact the demand for racing gasoline.
The global racing gasoline market is poised for significant growth, driven by the rising popularity of motorsports, advancements in racing engine technology, and an increase in professional and amateur racing events. North America is the largest market, followed by Europe. There has been significant growth in the development of motorsport racing infrastructure in North America. Additionally, increasing environmental regulations are driving a shift from traditional leaded gasoline to unleaded racing gasoline. For instance, in 2024, existing motorsport racetracks such as Iowa Speedway, Richmond Raceway, Sonoma Raceway, Worldwide Technology Raceway (Gateway), Charlotte Motor Speedway, and North Wilkesboro Speedway are undergoing significant repaving, renovations, and resurfacing efforts to improve infrastructure and the racing experience.
In 2024, the US led the North America racing gasoline market, fueled by a vibrant motorsports culture and advanced racing infrastructure. The demand was largely driven by how the fuel was used, with professional racing growing faster than recreational use due to increasing sponsorships and organized racing events. Fuel types such as Gasoline 97 and Gasoline 102 dominate the market, favored for their high performance and compliance with racing standards. Additionally, the industry is undergoing a transformation influenced by tariff adjustments and innovations in fuel additives that enhance engine efficiency and reduce emissions. Environmental regulations are also steering the market toward bio-based and oxygenated fuels, which offer cleaner combustion and align with sustainability goals.
TotalEnergies, VP Racing Fuels, Inc., Hyperfuel Inc., Torco Race Fuels, Gulf Oil International, Renegade Racing Fuel, AFD Petroleum Ltd, Haltermann Carless Group GmbH, Sunoco LP, Shell Plc, F&L Petroleum Products, Newton Oil Company, and P1 Racing Fuels Ltd. are among the key global racing gasoline market players that are profiled in this market study.
The overall global racing gasoline market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the global racing gasoline market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the global racing gasoline market.
Table Of Contents
1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Analyst Market Outlook
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 3.3 Assumptions and Limitations
4. Racing Gasoline Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Impact of Trump Reciprocal Tariff:
- 4.4 Ecosystem Analysis
- 4.4.1 List of Vendors in the Value Chain
- 4.5 ESG Outlook
- 4.6 Insights on Sustainable Racing Gasoline
- 4.7 Insights on the First-Fill Fuels for Gasoline Engines
- 4.7.1 List of Producers
- 4.7.2 First-Fill Fuels for Gasoline Engines Sales - Estimated Volume (Litres) 2021-2031
- 4.7.3 Estimated Pricing Analys, 2021-2031 (First Fill Fuel US$/Litre)
5. Racing Gasoline Market - Key Market Dynamics
- 5.1 Racing Gasoline Market - Key Market Dynamics
- 5.2 Market Drivers
- 5.2.1 Increase in Popularity of Motorsports Events
- 5.2.2 Expansion of Racing Infrastructure
- 5.2.3 Rise in Demand for High-Performance Racing Fuels
- 5.3 Market Restraints
- 5.3.1 Growing Electrification in Motorsports
- 5.4 Market Opportunities
- 5.4.1 Strategic Collaborations with Racing Teams
- 5.5 Future Trends
- 5.5.1 Growing Shift Toward Sustainable Racing Fuels
- 5.6 Impact of Drivers and Restraints:
6. Racing Gasoline Market - Global Market Analysis
- 6.1 Racing Gasoline Market Revenue (US$ Million), 2021-2031
- 6.2 Racing Gasoline Market Forecast Analysis
7. Racing Gasoline Market Analysis - by Application
- 7.1 Circuit Racing
- 7.1.1 Overview
- 7.1.2 Circuit Racing: Racing Gasoline Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2 Drag Racing
- 7.2.1 Overview
- 7.2.2 Drag Racing: Racing Gasoline Market - Revenue and Forecast to 2031 (US$ Million)
- 7.3 Rally Racing
- 7.3.1 Overview
- 7.3.2 Rally Racing: Racing Gasoline Market - Revenue and Forecast to 2031 (US$ Million)
- 7.4 Off-Road Racing
- 7.4.1 Overview
- 7.4.2 Off-Road Racing: Racing Gasoline Market - Revenue and Forecast to 2031 (US$ Million)
- 7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: Racing Gasoline Market - Revenue and Forecast to 2031 (US$ Million)
8. Racing Gasoline Market - Geographical Analysis
- 8.1 Overview
- 8.2 North America
- 8.2.1 North America Racing Gasoline Market Overview
- 8.2.2 North America: Racing Gasoline Market - Revenue, 2021-2031 (US$ Million)
- 8.2.3 North America: Racing Gasoline Market Breakdown, by Application
- 8.2.3.1 North America: Racing Gasoline Market - Revenue and Forecast Analysis - by Application
- 8.2.4 North America: Racing Gasoline Market - Revenue and Forecast Analysis - by Country
- 8.2.4.1 North America: Racing Gasoline Market - Revenue and Forecast Analysis - by Country
- 8.2.4.2 US: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2.4.2.1 US: Racing Gasoline Market Breakdown, by Application
- 8.2.4.3 Canada: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2.4.3.1 Canada: Racing Gasoline Market Breakdown, by Application
- 8.2.4.4 Mexico: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2.4.4.1 Mexico: Racing Gasoline Market Breakdown, by Application
- 8.3 Europe
- 8.3.1 Europe Racing Gasoline Market Overview
- 8.3.2 Europe: Racing Gasoline Market - Revenue, 2021-2031 (US$ Million)
- 8.3.3 Europe: Racing Gasoline Market Breakdown, by Application
- 8.3.3.1 Europe: Racing Gasoline Market - Revenue and Forecast Analysis - by Application
- 8.3.4 Europe: Racing Gasoline Market - Revenue and Forecast Analysis - by Country
- 8.3.4.1 Europe: Racing Gasoline Market - Revenue and Forecast Analysis - by Country
- 8.3.4.2 Germany: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3.4.2.1 Germany: Racing Gasoline Market Breakdown, by Application
- 8.3.4.3 France: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3.4.3.1 France: Racing Gasoline Market Breakdown, by Application
- 8.3.4.4 Italy: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3.4.4.1 Italy: Racing Gasoline Market Breakdown, by Application
- 8.3.4.5 United Kingdom: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3.4.5.1 United Kingdom: Racing Gasoline Market Breakdown, by Application
- 8.3.4.6 Russia: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3.4.6.1 Russia: Racing Gasoline Market Breakdown, by Application
- 8.3.4.7 Rest of Europe: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3.4.7.1 Rest of Europe: Racing Gasoline Market Breakdown, by Application
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Racing Gasoline Market Overview
- 8.4.2 Asia Pacific: Racing Gasoline Market - Revenue, 2021-2031 (US$ Million)
- 8.4.3 Asia Pacific: Racing Gasoline Market Breakdown, by Application
- 8.4.3.1 Asia Pacific: Racing Gasoline Market - Revenue and Forecast Analysis - by Application
- 8.4.4 Asia Pacific: Racing Gasoline Market - Revenue and Forecast Analysis - by Country
- 8.4.4.1 Asia Pacific: Racing Gasoline Market - Revenue and Forecast Analysis - by Country
- 8.4.4.2 Australia: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.4.4.2.1 Australia: Racing Gasoline Market Breakdown, by Application
- 8.4.4.3 China: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.4.4.3.1 China: Racing Gasoline Market Breakdown, by Application
- 8.4.4.4 India: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.4.4.4.1 India: Racing Gasoline Market Breakdown, by Application
- 8.4.4.5 Japan: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.4.4.5.1 Japan: Racing Gasoline Market Breakdown, by Application
- 8.4.4.6 South Korea: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.4.4.6.1 South Korea: Racing Gasoline Market Breakdown, by Application
- 8.4.4.7 Rest of Asia Pacific: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.4.4.7.1 Rest of Asia Pacific: Racing Gasoline Market Breakdown, by Application
- 8.5 Middle East and Africa
- 8.5.1 Middle East and Africa Racing Gasoline Market Overview
- 8.5.2 Middle East and Africa: Racing Gasoline Market - Revenue, 2021-2031 (US$ Million)
- 8.5.3 Middle East and Africa: Racing Gasoline Market Breakdown, by Application
- 8.5.3.1 Middle East and Africa: Racing Gasoline Market - Revenue and Forecast Analysis - by Application
- 8.5.4 Middle East and Africa: Racing Gasoline Market - Revenue and Forecast Analysis - by Country
- 8.5.4.1 Middle East and Africa: Racing Gasoline Market - Revenue and Forecast Analysis - by Country
- 8.5.4.2 South Africa: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.5.4.2.1 South Africa: Racing Gasoline Market Breakdown, by Application
- 8.5.4.3 Saudi Arabia: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.5.4.3.1 Saudi Arabia: Racing Gasoline Market Breakdown, by Application
- 8.5.4.4 UAE: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.5.4.4.1 UAE: Racing Gasoline Market Breakdown, by Application
- 8.5.4.5 Rest of Middle East and Africa: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.5.4.5.1 Rest of Middle East and Africa: Racing Gasoline Market Breakdown, by Application
- 8.6 South America
- 8.6.1 South America Racing Gasoline Market Overview
- 8.6.2 South America: Racing Gasoline Market - Revenue, 2021-2031 (US$ Million)
- 8.6.3 South America: Racing Gasoline Market Breakdown, by Application
- 8.6.3.1 South America: Racing Gasoline Market - Revenue and Forecast Analysis - by Application
- 8.6.4 South America: Racing Gasoline Market - Revenue and Forecast Analysis - by Country
- 8.6.4.1 South America: Racing Gasoline Market - Revenue and Forecast Analysis - by Country
- 8.6.4.2 Brazil: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.6.4.2.1 Brazil: Racing Gasoline Market Breakdown, by Application
- 8.6.4.3 Argentina: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.6.4.3.1 Argentina: Racing Gasoline Market Breakdown, by Application
- 8.6.4.4 Rest of South America: Racing Gasoline Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.6.4.4.1 Rest of South America: Racing Gasoline Market Breakdown, by Application
9. Competitive Landscape
- 9.1 Heat Map Analysis by Key Players
- 9.2 Company Positioning and Concentration
10. Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.3 Product Development
- 10.4 Mergers & Acquisitions
11. Company Profiles
- 11.1 TotalEnergies SE
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 VP Racing Fuels, Inc.
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 LLC Hyper
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.4 Torco Race Fuels
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.5 Gulf Oil International Ltd
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 RENEGADE RACING FUELS
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.7 AFD Petroleum Ltd.
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.8 Haltermann Carless Group GmbH
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Sunoco LP
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 Shell Plc
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
- 11.11 P1 Racing Fuels Ltd
- 11.11.1 Key Facts
- 11.11.2 Business Description
- 11.11.3 Products and Services
- 11.11.4 Financial Overview
- 11.11.5 SWOT Analysis
- 11.11.6 Key Developments
- 11.12 F&L Petroleum Products
- 11.12.1 Key Facts
- 11.12.2 Business Description
- 11.12.3 Products and Services
- 11.12.4 Financial Overview
- 11.12.5 SWOT Analysis
- 11.13 Newton Oil Company
- 11.13.1 Key Facts
- 11.13.2 Business Description
- 11.13.3 Products and Services
- 11.13.4 Financial Overview
- 11.13.5 SWOT Analysis
- 11.13.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners