Global Diesel Fuel Market

Diesel Fuel Market Size, Share, Growth Analysis, By End User(Transportation Industry, Marine Industry, Others), By Application(Passenger Vehicles, Commercial Vehicles, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG10C2011 | Region: Global | Published Date: February, 2024
Pages: 260 | Tables: 40 | Figures: 64

Diesel Fuel Market Competitive Landscape

The diesel fuel market is highly fragmented. Some of the major players in the market include Chevron Corporation, Exxon Mobil Corporation, PetroChina Company Limited, Qatar Petroleum, and Royal Dutch Shell Plc. To increase their geographic reach, well-established vendors are implementing expansion tactics like partnerships and mergers. The adoption of alternative fuel vehicles will pose a barrier to the market participants' ability to grow, despite the fact that rising oil and gas E&P investments will present tremendous business potential. Market vendors should preserve their positions in the slow-growing segments while concentrating more on the growth prospects in the fast-growing segments to take advantage of the opportunities.

Diesel Fuel Market Top Players Company Profiles

Diesel Fuel Market Recent Development

  • In July 2022, Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I, which will be Europe’s largest renewable hydrogen plant once operational in 2025.
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Global Diesel Fuel Market size was valued at USD 237.26 billion in 2022 and is poised to grow from USD 246.27 billion in 2023 to USD 330.51 billion by 2031, growing at a CAGR of 3.75% in the forecast period (2024-2031).

The diesel fuel market is highly fragmented. Some of the major players in the market include Chevron Corporation, Exxon Mobil Corporation, PetroChina Company Limited, Qatar Petroleum, and Royal Dutch Shell Plc. To increase their geographic reach, well-established vendors are implementing expansion tactics like partnerships and mergers. The adoption of alternative fuel vehicles will pose a barrier to the market participants' ability to grow, despite the fact that rising oil and gas E&P investments will present tremendous business potential. Market vendors should preserve their positions in the slow-growing segments while concentrating more on the growth prospects in the fast-growing segments to take advantage of the opportunities. 'Denso (Japan)', 'Bosch (Germany)', 'MAHLE (Germany)', 'Universe Filter (China)', 'Fredenberg (Germany)', 'YBM (South Korea)', 'Phoenix (Germany)', 'Baowang', 'TOYOTA BOSHOKU (Japan)', 'ALCO Filters (UK)'

Diesel generator sets are becoming increasingly popular

It is anticipated that the transportation sector will dominate the market. Because there are more passenger cars, light trucks, and big trucks on the road, the transportation sector is anticipated to dominate the market. Diesel is mostly employed in the main urban transportation and mobility modes, including freight transportation, private transportation, and public transit. The expanding urban population is anticipated to result in an increase in the number of automobiles on the road.

Compared to other regions, the North American continent accounts for a large portion of military spending. The U.S. army's growing vehicle capability is the key factor driving the number of military vehicles in the region. New sales of other cars in the region have also been increasing steadily. As a result, the North American area is expected to witness a strong expansion in the diesel fuel market. The manufacturing industry in Europe is well-established and expanding, and it is supported by the chemical, steel, and other industries. The expansion of the region's manufacturing sector has increased exports, which has contributed to the transportation sector's brisk expansion.

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Global Diesel Fuel Market

Report ID: SQMIG10C2011

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