"Actionable Insights to Fuel Your Growth"

Diesel Fuel Market Size, Share and Global Trend By End-Use (Cars, Trucks, Military Vehicles, Heavy Off-Road Vehicles, Ships, Generators, Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101317 | Status : Ongoing



Fuel is the key source of energy for running different equipment and machinery. The most widely used types of fuels are petrol and diesel. The diesel fuel is generally used to fuel the diesel engines of vehicles and ships. The diesel fuel is usually cheaper as compared to gasoline.

Diesel fuel is obtained as a distillate in the fractional distillation of crude oil in the petroleum refinery. Diesel fuel is the more refined, heavier, oilier and thicker version of gasoline, can be compressed more than gasoline. Diesel fuel containing low sulfur is called ultra-low sulfur diesel fuel which is used to fuel ships.

To gain extensive insights into the market, Request for Customization

By end-use, the diesel fuel market is bifurcated depending on the use of diesel fuel in cars, trucks, heavy off-road vehicles, ships, military vehicles and diesel generators among others. The cars and trucks are expected to dominate the global diesel fuel market by end-use owing to a higher number of car and truck fleet as compared to the other end users.

Diesel fuel is generally used as a fuel for the diesel engines. Various cars, buses, and trucks use diesel fuel. The growth of the on-road fleet of cars, buses, and trucks is likely to boost the sales of diesel fuel in the coming years. Other counterparts of diesel fuel such as petrol also have applications in cars but the price of diesel is more economical as compared to that of gasoline.

Owing to this, the diesel fuel market is forecast to grow steadily in the near future. Growth in the use of electricity and absence of proper power grid structure in different countries such as Brazil, South Africa, and other developing countries is expected to boost the diesel generator sales which in turn is likely to have a positive impact on the growth of diesel fuel market in the near future.

Owing to the carbon emission concerns, governments of different countries are focused on promoting the use of electric vehicles. Owing to this, the sales of electric vehicles are growing at moderate rates. The growth in the sales of the electric vehicles is expected to hamper the market growth of the diesel fuel market over the forecast period.

Key Players Covered

Some of the major companies that are present in the global diesel fuel market are Chevron, BP, Conoco Phillips, Husky Energy, Saudi Aramco, ExxonMobil, Neste, Shell, LUKOIL, Eni, McDermott International Inc., Viru Keemia Grupp AS, JSC Mozyer Oil Refinery, Reliance, Pertamina and Mangalore Refinery and Petrochemicals Limited among others.




By End-Use

· Cars

· Trucks

· Military Vehicles

· Heavy Off-Road Vehicles

· Ships

· Generators

· Others

By Geography

· North America (the USA and Canada)

· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Regional Analysis

The global diesel fuel market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region holds a high share in the military expenditures as compared to other regions. The military vehicle count in the region is mainly driven by increasing vehicle capacity of the U.S army. The new sales of other vehicles in the region have also risen steadily in the region. Owing to this, the diesel fuel market is forecast to have robust growth in the North America region. The Europe region has a well-established and growing manufacturing sector driven by chemical, steel and other industries. The growth of the manufacturing industry in the region has led to an increase in the exports owing to which the transport sector is growing at a decent pace. The growth in the transport sector in Europe is anticipated to boost the demand for diesel fuel in the coming years. Latin America region has witnessed moderate growth in the on-road vehicle fleet which is likely to drive the sales of diesel fuel as a fuel for cars and trucks in the region. The Middle East and Africa region are highly dependent on imports of different goods. Water transport is an economical way to import products for the region. An increase in the imports of goods in the region is anticipated to boost the ship fleet which in turn is expected to drive the diesel fuel market. Asia Pacific region is forecast to witness a healthy growth in the diesel fuel market mainly driven by the increasing new sales of vehicles and a growing heavy vehicle fleet in the region. Additionally, China is among the key exporters of various goods and is expected to witness high growth in the exports of goods. Owing to this, diesel fuel sales are expected to remain high in the Asia Pacific region over the forecast period.

Key Industry Developments

  • In August 2019, the Indian government has announced its plans to scrap one of its regulation related to license to market jet fuel and diesel to companies that plant to invest or have invested around US$ 282 million in the E&P, pipeline or refining among other activities in India
  • In August 2019, Reliance Industries Limited has signed a pact with BP Plc to sell petrol, diesel, and other retail fuels. Reliance Industries Limited is reported to hold a 51% share in the joint venture leaving BP with a 49% share
  • In August 2019, National Agency of Petroleum Natural Gas & Biofuels Brazil has announced its approval of B15 blend that is to use minimum 11% of biodiesel required in the diesel fuel form which was 10% earlier

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients


Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.