The latest market report published
by Credence Research, Inc. “Global Motor Gasoline Market, By Geography- Growth,
Future Prospects and Competitive Analysis, 2016 – 2024” the global
Motor Gasoline market was valued at US$ 1,134.1 Bn in 2016, and is expected to
each US$ 1,792.4 Bn by 2024, expanding at a CAGR of 5.9% from 2016 to 2024.
Browse the full Global Motor
Gasoline Market – Growth, Future Prospects and Competitive Analysis, 2016 –
2024 report at http://www.credenceresearch.com/report/motor-gasoline-market
Market Insights
Global Motor Gasoline market is
projected to witness substantial growth over the forecast period. Rapid growth
in disposable income of middle class especially in emerging economies of Asia
Pacific is expected to fuel the demand for automobiles which in turn is
projected to drive the demand for motor gasoline over the forecast period. In
2015, sales of passenger cars reached to 73.9 Mn vehicles out of which sales of
passenger vehicles in China and Japan was 21.15 Mn vehicles and 4.22 Mn
vehicles respectively. Followed by it, U.S. stood at second position with annual
sales of 7.57 Mn vehicles annually. Robust growth in sales of passenger
vehicles is projected to fuel the demand for the motor gasoline over the
forecast period. However, growing use of alternatives such as LPG, Diesel and
CNG as fuels coupled with increasing initiatives of government to promote use
renewable fuels is anticipated to restrain the demand for global motor gasoline
market during the forecast period (2016-2024).
By geography, North America was the
largest region in global motor gasoline market in 2015. The growth in the
region is fueled by increasing sales of automobiles in the regions especially
in U.S. Followed by it, Asia Pacific is anticipated to be the second largest
and fastest growing region in global motor gasoline market. China, Japan and
India is anticipated to drive the demand for the motor gasoline in the region
over the forecast period (2016-2024).
Considering the competition, the
global motor gasoline market is expected to witness a significant rise in
investment in capacity expansion for the production and supply of gasoline to
cater the increasing demand for motor gasoline. Further, market has witnessed
strategic mergers and collaborations among motor gasoline regional and global
players. Such growth strategies are focused on increasing their market
penetration in key consuming economies.
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