Gasoline Global Market Report 2025

Description

Gasoline is a fuel sourced from crude oil and various petroleum liquids, predominantly employed in machines featuring internal combustion engines.

The primary categories of gasoline comprise regular gasoline and special gasoline. Regular gasoline denotes a petroleum product with an octane rating of 87, derived from crude oil and possessing flammable properties. Its main uses encompass transportation, small aircraft, electricity generators, recreational vehicles, and various applications within the realms of transportation, power generation, and other related sectors.

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The gasoline market size has grown steadily in recent years. It will grow from$1471.6 billion in 2024 to $1537.6 billion in 2025 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to global oil prices, the regulatory environment, consumer behavior, infrastructure development, automobile industry

The gasoline market size is expected to see steady growth in the next few years. It will grow to $1806.61 billion in 2029 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to the transition to electric vehicles (EVs), renewable energy policies, climate change regulations, and geopolitical factors. Major trends in the forecast period include global economic recovery, electric vehicle adoption, technological advancements in fuel efficiency, government policies and regulations, and fluctuations in oil prices.

The rising demand for automobiles is projected to drive the growth of the gasoline market in the future. Gasoline is the most commonly used fuel for most vehicles, especially in regions where electric or alternative fuel vehicles are not yet widely adopted. As the demand for automobiles increases, there will be a corresponding rise in the need for gasoline to fuel these vehicles, contributing to the expansion of the gasoline market. For example, in March 2024, the European Automobile Manufacturers Association, a major lobbying and standards organization in the automobile industry based in Belgium, reported that global new car sales rose by nearly 10% after a stable performance in 2022. In the EU, sales experienced a significant increase of around 14%, reaching a total of 10.5 million units, while battery-electric vehicle sales soared by 37%, capturing a market share of 14.6%. Thus, the growing demand for automobiles is fueling the growth of the gasoline market.

The rise in geopolitical tensions is anticipated to drive the growth of the gasoline market in the future. Geopolitical tensions refer to political conflicts, rivalries, or disputes between nations or regions, often concerning issues like territory, resources, power, or ideology. These rising tensions can disrupt oil supply, create market uncertainty, and lead to a risk premium, as well as affect refinery operations, alter regional supply routes, influence currency fluctuations, and impact demand. Additionally, such tensions may result in strategic releases or withholdings from petroleum reserves. For instance, in August 2024, the World Economic Forum, a Switzerland-based international organization, reported that 83% of respondents view geopolitical tensions as the primary risk to global economic growth in the coming year, surpassing concerns about high inflation and monetary tightening, which were cited by 73%. Furthermore, looking ahead to the next decade, 86% of participants identified increasing geopolitical fragmentation and protectionism as the most significant long-term threat. Thus, the escalation of geopolitical tensions is contributing to the growth of the gasoline market.

Product innovations stand out as a prominent trend gaining traction in the gasoline market, with companies in this industry actively embracing new innovations to maintain their market positions. As an example, in March 2022, Renewable Energy Group Inc., a biobased diesel producer based in the United States, unveiled its fuel solutions under the EnDura Fuels brand. This product launch aligns with Renewable Energy Group's ongoing efforts to support the transportation sector by offering cleaner-burning, lower-emission fuels, aiding various industries such as transportation, rail, maritime, aviation, in meeting their sustainability objectives.

Major players in the gasoline market are spearheading the development of innovative technologies, including deposit-eradicating technologies, to secure a competitive advantage. Deposit-eradicating technology involves features or innovations designed to eliminate deposits that may accumulate in specific systems or components. For instance, in May 2023, Equilon Enterprises LLC, a U.S.-based oil refining company, introduced an enhanced formulation of its Shell V-Power NiTRO+ Premium Gasoline. This high-performance fuel incorporates unique deposit-eradicating technology targeting fuel injectors, a critical engine component. It can remove up to 100% of performance-robbing deposits, providing protection against future build-up. Engineered for maximum performance, the new V-Power NiTRO+ aims to deliver a premium fuel experience to customers.

In November 2023, Petrol Ofisi A.S., a Turkey-based fuel distribution and retail company, acquired British Petroleum (BP) plc. for an undisclosed sum. This acquisition allows Petrol Ofisi to strengthen its position in the gasoline market by broadening its retail network and expanding its customer base in Turkey. British Petroleum (BP) plc. is an oil and gas company based in the UK.

Major companies operating in the gasoline market include Exxon Mobil Corporation, Shell plc, Chevron Corporation., PBF Energy Inc., Reliance Industries Limited, PetroChina Company Limited, Saudi Arabian Oil Co., China National Petroleum Corporation, BP plc, Marathon Petroleum Corporation, Valero Energy Corporation, Petroleos de Venezuela SA, Motiva Enterprises LLC, Kuwait Petroleum Corporation, Emirates National Oil Company Group, Saudi Aramco, Gazprom International Limited, TotalEnergies, Eni S.p.A., ConocoPhillips Company, Rosneft, LUKOIL Lubricants company, Phillips 66, Pemex, Indian Oil Corporation, Petronas, Sinopec, Repsol S.A., OMV AG, Hess Corporation, Occidental Petroleum Corporation, Ecopetrol S.A., Surgutneftegas, CNOOC Limited

North America was the largest region in the gasoline market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global gasoline market report during the forecast period. The regions covered in the gasoline market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the gasoline market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The gasoline market consists of sales of regular gasoline, midgrade gasoline, premium gasoline, ethanol-blended gasoline, oxygenated gasoline, and reformulated gasoline. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Gasoline Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on gasoline market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for gasoline ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gasoline market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Regular Gasoline; Special Gasoline
2) By Application: Transportation; Small Aircrafts; Electricity Generators; Recreational Vehicles; Other Applications
3) By End-User: Transportation; Power Generation; Other End-Users
Subsegments:
1) By Regular Gasoline: Regular Unleaded Gasoline (87 octane); Regular Oxygenated Gasoline
2) By Special Gasoline: Premium Gasoline (91-93 octane); Special Additive Gasoline
Companies Mentioned: Exxon Mobil Corporation; Shell plc; Chevron Corporation.; PBF Energy Inc.; Reliance Industries Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r24160

1. Executive Summary

2. Gasoline Market Characteristics

3. Gasoline Market Trends And Strategies

4. Gasoline Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid And Recovery on the Market

5. Global Gasoline Growth Analysis And Strategic Analysis Framework

5.1. Global Gasoline PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Gasoline Market Growth Rate Analysis
5.4. Global Gasoline Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Gasoline Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Gasoline Total Addressable Market (TAM)

6. Gasoline Market Segmentation

6.1. Global Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Regular Gasoline
Special Gasoline
6.2. Global Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Transportation
Small Aircrafts
Electricity Generators
Recreational Vehicles
Other Applications
6.3. Global Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Transportation
Power Generation
Other End-Users
6.4. Global Gasoline Market, Sub-Segmentation Of Regular Gasoline, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Regular Unleaded Gasoline (87 octane)
Regular Oxygenated Gasoline
6.5. Global Gasoline Market, Sub-Segmentation Of Special Gasoline, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Premium Gasoline (91-93 octane)
Special Additive Gasoline

7. Gasoline Market Regional And Country Analysis

7.1. Global Gasoline Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Gasoline Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Gasoline Market

8.1. Asia-Pacific Gasoline Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Gasoline Market

9.1. China Gasoline Market Overview
9.2. China Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Gasoline Market

10.1. India Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Gasoline Market

11.1. Japan Gasoline Market Overview
11.2. Japan Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Gasoline Market

12.1. Australia Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Gasoline Market

13.1. Indonesia Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Gasoline Market

14.1. South Korea Gasoline Market Overview
14.2. South Korea Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Gasoline Market

15.1. Western Europe Gasoline Market Overview
15.2. Western Europe Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Gasoline Market

16.1. UK Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Gasoline Market

17.1. Germany Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Gasoline Market

18.1. France Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Gasoline Market

19.1. Italy Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Gasoline Market

20.1. Spain Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Gasoline Market

21.1. Eastern Europe Gasoline Market Overview
21.2. Eastern Europe Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Gasoline Market

22.1. Russia Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Gasoline Market

23.1. North America Gasoline Market Overview
23.2. North America Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Gasoline Market

24.1. USA Gasoline Market Overview
24.2. USA Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Gasoline Market

25.1. Canada Gasoline Market Overview
25.2. Canada Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Gasoline Market

26.1. South America Gasoline Market Overview
26.2. South America Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Gasoline Market

27.1. Brazil Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Gasoline Market

28.1. Middle East Gasoline Market Overview
28.2. Middle East Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Gasoline Market

29.1. Africa Gasoline Market Overview
29.2. Africa Gasoline Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Gasoline Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Gasoline Market, Segmentation By End-User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Gasoline Market Competitive Landscape And Company Profiles

30.1. Gasoline Market Competitive Landscape
30.2. Gasoline Market Company Profiles
- 30.2.1. Exxon Mobil Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Shell plc Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Chevron Corporation. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. PBF Energy Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Reliance Industries Limited Overview, Products and Services, Strategy and Financial Analysis

31. Gasoline Market Other Major And Innovative Companies

31.1. PetroChina Company Limited
31.2. Saudi Arabian Oil Co.
31.3. China National Petroleum Corporation
31.4. BP plc
31.5. Marathon Petroleum Corporation
31.6. Valero Energy Corporation
31.7. Petroleos de Venezuela SA
31.8. Motiva Enterprises LLC
31.9. Kuwait Petroleum Corporation
31.10. Emirates National Oil Company Group
31.11. Saudi Aramco
31.12. Gazprom International Limited
31.13. TotalEnergies
31.14. Eni S.p.A.
31.15. ConocoPhillips Company

32. Global Gasoline Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Gasoline Market

34. Recent Developments In The Gasoline Market

35. Gasoline Market High Potential Countries, Segments and Strategies

35.1 Gasoline Market In 2029 - Countries Offering Most New Opportunities
35.2 Gasoline Market In 2029 - Segments Offering Most New Opportunities
35.3 Gasoline Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer