The Gasoline Stations Global Market Report 2023 by The Business Research Company, provides gasoline stations market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Gasoline Stations Global Market Report 2023, the market size is expected to grow from $2,434.74 billion in 2022 to $2,596.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gasoline stations market size is expected to reach $3,150.14 billion in 2027 at a CAGR of 5.0%.
The increasing demand for vehicle fuel is expected to propel the growth of the gasoline station market going forward. Vehicle fuel includes gasoline and any other inflammable or combustible gas or liquid used to fuel motor vehicles’ combustion. The increase in vehicle production and sales leads to an increasing demand for vehicle fuel sold through gasoline stations thereby, the demand for vehicle fuel is directly proportional to the growth of the gasoline station market.
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The gasoline stations market is segmented:
1) By Type: Gasoline (Petrol), Diesel, CNG Or Other Gases, Non-Fuel Sales (Vehicle Parts Or Accessories And Groceries)
2) By Gasoline Grade: Regular, Midgrade, Premium
3) By Service Type: Self-Service, Full-Service
4) By End-User: Road Transport Vehicles, Air Transport Vehicles, Water Transport Vehicles
Top Major Players:
Shell plc
British Petroleum Company PLC
TotalEnergies SE
Exxon Mobil Corporation
Chevron Corporation
Asia-Pacific was the largest region in the gasoline stations market in 2022.
Technological Advancements are a key trend gaining popularity in the gasoline station market. Major companies in the gasoline station sector are concentrating on implementing new technologies such as artificial intelligence and machine learning to meet consumer demand and strengthen their market position. For instance, In February 2023, Abu Dhabi National Oil Company (ADNOC Distribution), a UAE-based manufacturer and distributor of petrochemicals, introduced the ADNOC Fill & Go station, an AI-powered fuel station in Dubai and Abu Dhabi. The AI-powered system uses the most recent advancements in computer vision technology, including machine-learning models that allow computers to recognize vehicles and respond by providing a hyper-personalized fuelling experience. Customers may enter an ADNOC station that supports the new service after registering their vehicle on the ADNOC Distribution app, and smart cameras will instantly identify the vehicle. At the pump, the recorded data of the client is used to automatically commence the refuelling process based on the selected gasoline type and spending amount, resulting in a faster and smoother refuelling experience.
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The gasoline stations market report table of contents includes:
1. Executive Summary
2. Gasoline Stations Market Characteristics
3. Gasoline Stations Market Trends And Strategies
4. Gasoline Stations Market – Macro Economic Scenario
5. Gasoline Stations Market Size And Growth
…………
26. Africa Gasoline Stations Market
27. Gasoline Stations Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gasoline Stations Market
29. Gasoline Stations Market Future Outlook and Potential Analysis
30. Appendix
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