Jet Fuel Market 2020–2024 | Popularity of Air Transportation to Boost Growth | Technavio
Technavio has been monitoring the jet fuel market and it is poised to grow by USD 60.23 bn 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. Request a free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co. and TOTAL SA are some of the major market participants. Although the popularity of air transportation will offer immense growth opportunities, increase in emissions from aircraft will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Popularity of air transportation has been instrumental in driving the growth of the market. However, increase in emissions from aircraft might hamper market growth.
Jet Fuel Market 2020–2024: Segmentation
Jet Fuel Market is segmented as below:
Application
- Commercial
- Others
Geographic Segmentation
- 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. Our jet fuel market report covers the following areas:
- Jet Fuel Market Size
- Jet Fuel Market Trends
- Jet Fuel Market Industry 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.
Jet Fuel Market 2020–2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the jet fuel market, including some of the vendors such as Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co. and TOTAL SA. Backed with competitive intelligence and benchmarking, our research reports on the jet fuel market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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 behaviour
- 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
