Gasoline Market: By Type, By Application, By End-User and Region Forecast 2020-2031
Gasoline Market size was valued at US$ 129.6 billion in 2024 and is expected to reach US$ 141.9 billion by 2031, growing at a significant CAGR of 1.3% from 2025-2031. Moreover, the U.S. Gasoline Market is projected to grow at 1.2% CAGR over forecast period. The market encompasses the production, distribution, and consumption of gasoline, a refined petroleum product primarily used as fuel for internal combustion engines in vehicles. This market includes upstream activities such as crude oil extraction, midstream refining processes to produce gasoline, and downstream segments involving retail and commercial distribution. The market is influenced by factors such as crude oil prices, environmental regulations, vehicle engine technologies, and regional demand patterns.
The global market has experienced significant fluctuations due to evolving energy policies, shifting consumer preferences, and geopolitical dynamics. While demand remains strong in developing regions owing to increased vehicle ownership and industrial growth, developed markets are witnessing a gradual decline in gasoline consumption due to stricter emissions standards and the rising adoption of electric vehicles. Despite these changes, gasoline continues to hold a critical position in the global energy mix, supported by robust refining infrastructure and ongoing investments in fuel efficiency technologies.
Based on the type:
The Regular gasoline is expected to dominate the market by type, fuelled mostly by its ubiquitous use and affordability. It continues to be the preferred option for the majority of cars around the world, especially in emerging and price-sensitive economies where high-end fuels are an indulgence. The prevalence of cars engineered to perform optimally on conventional octane levels also adds strength to its market dominance. Besides that, the wide presence of regular gasoline on most retail fuel stations and its suitability with aging fleets of vehicles guarantees stable demand. Since countries will continue to emphasize affordability and availability, regular gasoline has a firm standing in the world market.
Based on the application:
Transportation is expected to be the largest application segment in the worldwide market, led by the sheer worldwide reliance on gasoline-fueled vehicles. Even with the growth of electric mobility, most of the worldwide vehicle fleet—especially in the developing world—remains fueled by internal combustion engines. Urbanization, economic expansion, and growing automobile ownership in India, Indonesia, and Brazil further buttress this demand. Public and commercial transportation networks, such as buses, taxis, and delivery fleets, also make a large contribution. With increasing road network and low EV penetration in most parts of the world, transportation remains the driving force behind gasoline demand globally.
Based on the data end-use:
Transportation is anticipated to remain the dominant end-use segment in the market, driven by the widespread reliance on gasoline-powered vehicles for both personal and commercial mobility. In most countries, especially across Asia, Africa, and Latin America, internal combustion engine vehicles constitute the majority of the transportation fleet. Rising urban populations, economic development, and increasing disposable incomes are accelerating vehicle ownership, which directly fuels gasoline demand. Additionally, gasoline remains a preferred energy source for two-wheelers, cars, and light-duty trucks due to its availability and established distribution infrastructure. These factors collectively reinforce transportation as the leading end-use driver of gasoline consumption globally.
Study Period
2025-2031Base Year
2024CAGR
1.3%Largest Market
Asia PacificFastest Growing Market
Africa
High growth in vehicle ownership in emerging economies, especially in Asia-Pacific, Latin America, and regions of Africa. With growing middle-class populations and economic growth, more people can access personal vehicles, resulting in increased gasoline consumption. India, Indonesia, and Brazil are experiencing rapid growth in vehicle sales, underpinned by increased incomes, better infrastructure, and urbanization. This increase in demand puts additional pressure on gasoline supply chains, and refiners respond by increasing production capacity and enhancing distribution networks.
In addition, government subsidies on fuel prices in certain developing countries make gasoline more affordable, further encouraging consumption. While there are long-term global trends toward sustainable mobility, the short- to mid-term trend in these markets remains gasoline-fuelled transportation. This dynamic reinforces the significance of emerging markets as central demand centers within the global gasoline economy.
The increased demand for electric vehicles (EVs) is a major restraining influence on the market. The developments in technology, beneficial government regulations, and rising environmental concerns have boosted the uptake of EVs in developed and emerging economies. Major markets including China, the United States, and Europe are fiercely rolling out EV charging infrastructure and providing incentives like tax credits, rebates, and lower registration costs to encourage the purchase of EVs. Additionally, the reducing price of lithium-ion batteries has reduced the cost of EVs and made them more affordable and accessible to a wider population base.
As consumers and fleet operators increasingly shift towards electric mobility, the demand for gasoline is likely to reduce. A number of automobile manufacturers have also announced plans to discontinue internal combustion engine vehicles within the next decade. This policy and consumer-driven shift in transportation modes is expected to erode the share of gasoline in the world energy mix gradually, thus limiting market growth.
A promising opportunity for the market is through advancements in refining technology that can increase fuel efficiency and environmental conformity. New refineries are increasingly pursuing hydrocracking, catalytic reforming, and desulfurization processes that not only increase gasoline output from crude oil but also yield cleaner-burning fuel. These technological improvements allow refiners to adhere to tough environmental policies without sacrificing output levels. For example, ultra-low sulfur gasoline is becoming increasingly popular in international markets as it meets emissions regulations without compromising engine performance. Also, embedding digital technologies like AI and machine learning in refining processes enables predictive maintenance, online quality monitoring, and energy efficiency enhancements.
Such technological advancement reduces operating expenses as well as environmental impressions, thereby providing a competitive edge. As consumers and governments alike begin to favor cleaner forms of energy, refineries that can produce higher-grade, regulation-compliant gasoline will benefit enormously in terms of market share as well as profitability.
One of the most defining trends in the world market is the movement towards cleaner fuel standards fuelled by climate concerns and the threat of regulation. Around the world, governments are implementing tighter fuel quality regulations that restrict sulfur and other pollutant emissions in gasoline. This is reflected in regulations like the Euro 6 norms in Europe, Bharat Stage VI in India, and Tier 3 in the United States, each of which has a focus on curbing vehicular emissions and enhancing city air quality. The fulfillment of these norms necessitates drastic changes in refining practices and fuel blends.
Gasoline manufacturers thus find themselves concentrating more and more on the manufacture of low-emission models that comply with these standards. Concurrently, there is a shift in public attitudes towards environmental stewardship, prompting oil majors to reform their portfolio in line. The movement not only reengineers production patterns but also distorts world trade flows, with nations opting for imports of cleaner fuel grades at the expense of traditional types.
Report Benchmarks |
Details |
Report Study Period |
2025-2031 |
Market Size in 2024 |
US$ 129.6 billion |
Market Size in 2031 |
US$ 141.9 billion |
Market CAGR |
1.3% |
By Type |
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By Application |
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By End-User |
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By Region |
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PBI Analysts observe that the market is undergoing a transitional phase, balancing traditional demand drivers with emerging challenges and opportunities. While consumption remains strong, particularly in developing economies across Asia-Pacific and Africa, the market faces increasing pressure from evolving environmental policies, the rise of electric vehicles, and the global push for cleaner energy alternatives. Despite these headwinds, gasoline continues to dominate the transportation sector due to its widespread availability, affordability, and compatibility with the majority of existing vehicle fleets. Industry experts also highlight the role of refining advancements and strategic investments in maintaining competitiveness.
Regions like India, China, and parts of Africa are expected to sustain demand growth in the near to mid-term. However, long-term projections indicate a gradual shift in consumption patterns as sustainability trends gain momentum. Overall, analysts view the market as resilient but increasingly shaped by regulatory reforms, technological evolution, and shifting consumer preferences toward greener transportation options.
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The gasoline market size was valued at US$ 129.6 billion in 2024 and is projected to grow at a significant CAGR of 1.3% from 2025-2031.
Growing vehicle ownership in developing economies continues to fuel demand for gasoline globally.
The market is shifting toward cleaner fuel standards driven by environmental regulations and emissions control.
Market research is segmented based on type, application, end-use and region.
Africa’s expanding population and increasing vehicle imports are accelerating gasoline consumption across the continent.
1.Executive Summary |
2.Global Gasoline Market Introduction |
2.1.Global Gasoline Market - Taxonomy |
2.2.Global Gasoline Market - Definitions |
2.2.1.Type |
2.2.2.Application |
2.2.3.End-User |
2.2.4.Region |
3.Global Gasoline Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Gasoline Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Gasoline Market By Type , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
5.1. Regular Gasoline |
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Special Gasoline |
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6.Global Gasoline Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
6.1. Transportation |
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Small Aircrafts |
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Electricity Generators |
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Recreational Vehicles |
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7.Global Gasoline Market By End-User, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
7.1. Transportation |
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Power Generation |
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Others |
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8.Global Gasoline Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Gasoline Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
9.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Regular Gasoline |
9.1.2.Special Gasoline |
9.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Transportation |
9.2.2.Small Aircrafts |
9.2.3.Electricity Generators |
9.2.4.Recreational Vehicles |
9.2.5.Others |
9.3. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Transportation |
9.3.2.Power Generation |
9.3.3.Others |
9.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Gasoline Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Regular Gasoline |
10.1.2.Special Gasoline |
10.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Transportation |
10.2.2.Small Aircrafts |
10.2.3.Electricity Generators |
10.2.4.Recreational Vehicles |
10.2.5.Others |
10.3. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Transportation |
10.3.2.Power Generation |
10.3.3.Others |
10.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
11.Asia Pacific (APAC) Gasoline Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Regular Gasoline |
11.1.2.Special Gasoline |
11.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Transportation |
11.2.2.Small Aircrafts |
11.2.3.Electricity Generators |
11.2.4.Recreational Vehicles |
11.2.5.Others |
11.3. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Transportation |
11.3.2.Power Generation |
11.3.3.Others |
11.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Gasoline Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Regular Gasoline |
12.1.2.Special Gasoline |
12.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Transportation |
12.2.2.Small Aircrafts |
12.2.3.Electricity Generators |
12.2.4.Recreational Vehicles |
12.2.5.Others |
12.3. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Transportation |
12.3.2.Power Generation |
12.3.3.Others |
12.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Gasoline Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Regular Gasoline |
13.1.2.Special Gasoline |
13.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Transportation |
13.2.2.Small Aircrafts |
13.2.3.Electricity Generators |
13.2.4.Recreational Vehicles |
13.2.5.Others |
13.3. End-User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Transportation |
13.3.2.Power Generation |
13.3.3.Others |
13.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Saudi Aramco |
14.2.2.Sinopec |
14.2.3.PetroChina Co., Ltd. |
14.2.4.ExxonMobil Corporation |
14.2.5.Shell plc |
14.2.6.Chevron Corporation |
14.2.7.BP plc |
14.2.8.TotalEnergies SE |
14.2.9.Marathon Petroleum Corporation |
14.2.10.Valero Energy Corporation |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players