LONDON–(BUSINESS WIRE)–Technavio has been monitoring the jet fuel market and it is poised to grow by USD 60.23 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The #Global Jet Fuel Market will grow by USD 60.23 bn during 2020-2024, according to @TechnavioTweet this
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Frequently Asked Questions-
- Based on segmentation by application, which is the leading segment in the market?
- The commercial segment is expected to be the leading segment based on application in the global market during the forecast period.
- What are the major trends in the market?
- Growing focus on biofuels is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 5%, the incremental growth of the market is anticipated to be USD 60.23 billion.
- Who are the top players in the market?
- BP Plc, Chevron Corp., Exxon Mobil Corp., Indian Oil Corp. Ltd., PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co., and TOTAL SA. are some of the major market participants.
- What are the key market drivers?
- Popularity of air transportation is one of the major factors driving the market.
- How big is the APAC market?
- The APAC region will contribute 36% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, Chevron Corp., Exxon Mobil Corp., Indian Oil Corp. Ltd., PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co., and TOTAL SA. are some of the major market participants. The popularity of air transportation will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Jet Fuel Market 2020-2024: Segmentation
Jet Fuel Market is segmented as below:
- Application
- Commercial
- Others
- Geography
- APAC
- Europe
- MEA
- North America
- South America
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Jet Fuel Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The jet fuel market report covers the following areas:
- Jet Fuel Market Size
- Jet Fuel Market Trends
- Jet Fuel Market Analysis
This study identifies growing focus on biofuels as one of the prime reasons driving the jet fuel market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Jet Fuel Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist jet fuel market growth during the next five years
- Estimation of the jet fuel market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the jet fuel market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of jet fuel market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Commercial – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growing focus on biofuels
- Increasing efficiency of airplanes
- Emergence of electric aircraft
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- BP Plc
- Chevron Corp.
- Exxon Mobil Corp.
- Indian Oil Corp. Ltd.
- PetroChina Co. Ltd.
- Qatar Petroleum
- Rosneft Oil Co.
- Royal Dutch Shell Plc
- Saudi Arabian Oil Co.
- TOTAL SA
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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