Aviation Gasoline Market was valued at USD 1.84 Billion in 2021, and it is expected to reach USD 2.47 Billion by 2027, exhibiting a CAGR of 5.0% during the forecast period (2022-2027). The global Aviation Gasoline market is expected to grow at a 5.0 percent CAGR from 2022 to 2027, reaching USD 2.47 billion. In 2021, the global aviation gasoline market was valued at USD 1.84 billion. Despite the economic difficulties posed by the COVID-19 pandemic, the Aviation Gasoline market is expected to grow at a 5.0 percent compound annual growth rate (CAGR) by 2027. The report gives depth insights on the global aviation gasoline market and how to reconsider business strategies. The report helps firms gain insight into how they may use it to tackle Aviation Gasoline business difficulties. To know about the Research Methodology :- Request Free Sample Report The specialised aviation branch of Air BP Plc renewed its partnership with BAA Training, one of Europe's leading independent aviation training schools. To facilitate the delivery of BAA Training's training programmes, Air BP will supply Avgas 100 LL aviation fuel and unleaded Avgas to all BAA Training aircraft bases and other Spanish airports. The aviation gasoline market is segmented based on the end user into private, commercial, and military. The demand for aviation gasoline (Avgas) will be high in the commercial, military, and private sectors, according to the research. Moreover, Avgas is expected to be sought by emerging and advanced economies to power piston-engine aircraft. Gradual growth in the aviation industry might open up new opportunities in the landscape. Hjelmco cut pricing for all Avgas varieties by 40 ore/liter in May 2020, and JET-A1 by 60 ore/liter. In April 2020, the price of crude oil dropped dramatically, while output increased significantly.
COVID-19 Impact on Aviation Gasoline MarketCOVID-19 pandemic has triggered a full-fledged crisis in 2020, with travel restrictions and aircraft cancellations put in place to halt the virus's spread. As a result, the demand for aviation turbine fuel (ATF) and aviation gas has dropped. Several flights saw a slowdown in operations owing to the coronavirus pandemic during the peak of the pandemic. The majority of countries in the world are gradually liberalising their markets. As a result, demand for jet fuel is expected to gradually stabilise. Aviation fuel usage is still relatively low due to individual and business aircraft limitations. COVID-19 has also prompted training schools to close. The price of aviation gasoline is determined by the price of crude oil. Due to COVID-19, demand for crude oil is low, resulting in price reduction of crude oil. This has a negative impact on the cost of jet fuel and aviation gas. Prices for jet fuel and aviation gasoline will likely fluctuate after COVID-19 as demand for these products begins to recover.
Aviation Gasoline Market DynamicsIncreased Concentration on Advanced Aircraft Design to Drive Market Growth Aircraft design has improved fuel-burning efficiency and made them cheaper, safer, quicker, and greener, resulting in increasing demand for aviation fuel. Piston-powered aeroplanes that use leaded aviation gasoline pollute the air, endangering human health and welfare. The aviation industry has invested much in research to produce lightweight engines and hybrid-electric engines to assist cut fuel consumption. Honeywell's efficient hybrid-electric turbogenerator aeroplane, for example, utilises energy to propel itself, conserving energy. As a result, improved aircraft design is expected to boost market growth in the coming years. Increasing Demand for Small Aircraft in Sports-based Activities Accelerates Market Growth Because of the increased demand for light aircraft for sightseeing, photography, tourism, and other activities, the global aviation gasoline market is expected to grow rapidly. Aerobatics, air rallies, aeromodelling, air racing, ballooning, gliders, sailplanes, and other sporting activities have boosted piston-powered aircraft sales dramatically. The sale of piston-powered aircraft increased from 1,137 in 2019 to 1,213 in 2021, according to the General Aviation Manufacturers Association. As a result, increased demand for small planes and the growing popularity of athletic activities are expected to drive the growth of the aviation gasoline market over the forecast period. Growth in Business Aviation Sector to Boost Avgas Market Growth Commercial aviation refers to the use of small planes for business purposes. As a result, business aviation is a subset of commercial aviation that uses planes for business. Fortune 500 companies fly around 3% of private aircraft registered in the United States, according to the National Business Aviation Association (NBAA). Governments, nonprofit organisations, and major, medium, and small enterprises are responsible for the remaining 97 percent. Over the next two decades, the Middle East will require roughly 2,600 additional aircraft to meet the region's expanding population of aviation travellers. As a result, large-scale opportunities are expected for gasoline-based fuel market participants. Growing Preference for Hybrid and Electric Aircraft Will Restrain Market Growth Increased energy demand and rising fuel prices have driven the development of hybrid-electric propulsion systems that can reduce fuel consumption in the aviation industry. Collins Aerospace, a global provider of technologically innovative and intelligent solutions to the aerospace and military sectors, announced a USD 150 million investment over the next three years to introduce electric architecture into current aircraft. As a result, the increased demand for emission-free fuel in hybrid and electric aircraft is restricting market growth.
Aviation Gasoline Market Segment AnalysisDuring the forecast period, the private sector dominated the market in terms of end-user. An increase in the number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIS) in emerging economies, and a growing desire for consumers to use private aircraft to decrease their travel time, are driving the demand for private aircraft. The commercial sector is the second-largest segment of the market. The industry is increasing as charitable organisations and big, medium, and small enterprises require more planes. Asia Pacific will have 1,314 business aircraft by the end of 2021, according to the Asian Sky Group. China is Asia Pacific's largest business aircraft operator, with 733 active business aircraft. The military is expected to make a significant contribution in the coming years. Military aircraft spending is expected to be driven by a number of factors, including fleet replacement programmes, internal and foreign security concerns, and global territorial conflicts.
Aviation Gasoline Market Regional InsightsNorth America region is estimated to dominate the global aviation gasoline market. Avgas is primarily consumed in the United States. The growing number of private aircraft passengers in the nation is expected to move the sector forward. The General Aviation Manufacturers Association (GAMA) estimates that the United States has about 211,000 aircraft, with over 143,000 of them being piston-engine aircraft. The Federal Aviation Administration (FAA) keeps track of all active licenced pilots (pilots who have their licences and are current and eligible to fly). Private pilots make up 211,619 of the 594,285 licenced pilots in the United States. There are around 1,900 business aviation aircraft in each of Canada's provinces and territories. Asia Pacific is expected to hold the second place and grow significantly over the forecast period. The biggest share of disposable incomes was held by Australia, China, Japan, and other Asia Pacific countries. According to the Asian Sky Group, China has just 2,930 private planes by the end of August 2020. The total number of flown hours in China's general aviation business was 1.12 million hours in 2021, according to the Civil Aviation Administration of China (CAAC). In the global market, Europe is seeing new prospects. Emerging economics in European airlines have been successful in obtaining government aid, with Lufthansa and Air France-KLM receiving considerable assistance, allowing them to continue running. As the pandemic continued through 2021, more airlines are turning to government-backed subsidies. The airline plans to employ a smaller short-haul network in 2021, with a fleet of 50 narrow-body aircraft, which will grow to around 70 narrow-body aircraft in 2022. According to AMSTAT, Latin America holds a significant share of the global market, with Mexico (fleet size 988) and Brazil (fleet size 782) ranking second and third in the Americas, respectively. The Middle East and Africa will account for a significant portion of the global market. According to Oxford Economics, by 2036, air passengers and the tourist industry they enable in Middle Eastern nations would have supported 4.3 million employment (78 percent higher than in 2016) and contributed USD 345 billion to GDP ( 166 percent increase). The objective of the report is to present a comprehensive analysis of the global Aviation Gasoline Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Aviation Gasoline Market dynamic, structure by analyzing the market segments and projecting the Aviation Gasoline Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Aviation Gasoline Market make the report investor’s guide..
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Aviation Gasoline Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US$ 1.84 Bn. Forecast Period 2022 to 2027 CAGR: 5.0 % Market Size in 2027: US$ 2.47 Bn. Segments Covered: by End User • Private • Commercial • Military
Key Players of Aviation Gasoline MarketTo enhance their position, key players are prioritising contract extensions. ExxonMobil and Shell will maintain a significant market share over the forecast period, despite having a diverse product range and a magnificent global network of huge firms in established and emerging countries. However, the small number of local rivals entering the global market is expected to create high entry barriers, allowing for future competition. Major corporations are focusing on negotiating new contracts in order to gain income. World Fuel Services (World Fuel), a global energy company, received two contracts in January 2021 to provide Jet A-1, Avgas, and training packages to London Oxford Airport and London Heliport. The five-year deal with the company was set to begin in February 2021. • Phillips 66 (U.S.) • BP Plc (U.K.) • ExxonMobil (U.S.) • Shell (Netherlands) • Repsol (Spain) • Total (France) • Naftal (Algeria) • Vitol Group (U.K.) • Hjelmco Oil AB (Sweden) • Indian Oil Corporation Limited (India) Frequently Asked Questions: 1] What segments are covered in the Global Aviation Gasoline Market report? Ans. The segments covered in the Aviation Gasoline Market report are based on Type, Design and Application. 2] Which region is expected to hold the highest share in the Global Aviation Gasoline Market ? Ans. The North America region is expected to hold the highest share in the Aviation Gasoline Market . 3] What is the market size of the Global Aviation Gasoline Market by 2027? Ans. The market size of the Aviation Gasoline Market by 2027 is expected to reach USD 2.47 Bn. 4] What is the forecast period for the Global Aviation Gasoline Market ? Ans. The forecast period for the Aviation Gasoline Market is 2021-2027. 5] What was the market size of the Global Aviation Gasoline Market in 2021? Ans. The market size of the Aviation Gasoline Market in 2021 was valued at USD 1.84 Bn.
1. Global Aviation Gasoline Market Size: Research Methodology 2. Global Aviation Gasoline Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Aviation Gasoline Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Aviation Gasoline Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Aviation Gasoline Market Size Segmentation 4.1. Global Aviation Gasoline Market Size, by End User (2021-2027) • Private • Commercial • Military 5. North America Aviation Gasoline Market (2021-2027) 5.1. North America Aviation Gasoline Market Size, by End User (2021-2027) • Private • Commercial • Military 5.2. North America Aviation Gasoline Market , by County(2021-2027) • United States • Canada 6. European Aviation Gasoline Market (2021-2027) 6.1. European Aviation Gasoline Market , by End User (2021-2027) 6.2. European Aviation Gasoline Market , by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Aviation Gasoline Market (2021-2027) 7.1. Asia Pacific Aviation Gasoline Market , by End User (2021-2027) 7.2. Asia Pacific Aviation Gasoline Market , by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Aviation Gasoline Market (2020-2027) 8.1. Middle East and Africa Aviation Gasoline Market , by End User (2021-2027) 8.2. Middle East and Africa Aviation Gasoline Market , by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Aviation Gasoline Market (2020-2027) 9.1. South America Aviation Gasoline Market , by End User (2021-2027) 9.2. South America Aviation Gasoline Market , by Country (2021-2027) • Brazil • Mexico • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Phillips 66 (U.S.) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. BP Plc (U.K.) 10.3. ExxonMobil (U.S.) 10.4. Shell (Netherlands) 10.5. Repsol (Spain) 10.6. Total (France) 10.7. Naftal (Algeria) 10.8. Vitol Group (U.K.) 10.9. Hjelmco Oil AB (Sweden) 10.10. Indian Oil Corporation Limited (India)