Global Gasoline Stations Market Size, Drivers, Trends, Opportunities And Strategies – Includes Gasoline Stations Market Analysis
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The rising demand for vehicle fuel is likely to stimulate innovation in the production of petrol stations, propelling the market during the forecast period.
The global gasoline stations market 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 global gasoline stations market size is expected to reach $3,150.14 billion in 2027 at a CAGR of 5.0%.
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Global Gasoline Stations Market Segments Include:
- By Type: Gasoline (Petrol), Diesel, CNG Or Other Gases, Non-Fuel Sales (Vehicle Parts Or Accessories And Groceries)
- By Gasoline Grade: Regular, Midgrade, Premium
- By Service Type: Self-Service, Full-Service
- By End-User: Road Transport Vehicles, Air Transport Vehicles, Water Transport Vehicles
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global gasoline stations market in 2021.
Major Market Players in the gasoline stations market include Shell plc, British Petroleum Company PLC, TotalEnergies SE, Exxon Mobil Corporation, Chevron Corporation, China National Petroleum Corporation, China National Offshore Oil Corporation.
Technological advancements are a major trend that is gaining traction in the petrol station sector. To meet consumer demand and increase their market position, major gas station firms are focusing on incorporating new technologies such as artificial intelligence and machine learning. For example, in February 2023, Abu Dhabi National Oil Company (ADNOC Distribution), a petrochemical manufacturer and distributor based in the UAE, launched the ADNOC Fill & Go station, an AI-powered fuel station in Dubai and Abu Dhabi. The AI-powered system makes use of the most recent advances in computer vision technology, such as machine-learning models, which enable computers to recognise vehicles and respond by giving a hyper-personalized fueling experience. After registering their vehicle on the ADNOC Distribution app, customers can visit an ADNOC station that supports the new service, and smart cameras will automatically identify the vehicle. At the pump, the client’s recorded data is used to start the refilling process automatically depending on the selected petrol type and spending amount, resulting in a faster and smoother refuelling experience.
The Gasoline Stations Global Market Report 2023 provides a gasoline stations market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The gasoline stations market forecast analyzes gasoline stations market size, gasoline stations market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A petrol station is a retail location where petrol is sold. It is a volatile, combustible mixture of hydrocarbons generated from petroleum, such as hexane, heptane, and octane, that is predominantly used as a fuel for internal combustion engines.
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