"Actionable Insights to Fuel Your Growth"

U.S. Aviation Gasoline (AVGAS) Market Size, Share & COVID-19 Impact Analysis, End-user (Private, Commercial, and Military), and Country Forecast, 2023-2030

Region : United States | Format: PDF | Report ID: FBI108974

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The U.S. aviation gasoline (AVGAS) market size was worth USD 1.22 billion in 2022 and is projected to grow at a CAGR of 5.52% over the forecast period.


The U.S. has observed an established consumer base for aviation gasoline (AVGAS). The fuel is used in aircraft training schools, private jets, and other areas.  Avgas is an aviation fuel used in aircraft with spark-ignited internal combustion engines. Avgas is distinguished from conventional gasoline used in motor vehicles, which is termed mogas in the aviation context. New technological development in AVGAS is propelling market growth.


For instance, in June 2022, the LIFT Academy flight training program strengthened its collaboration with Diamond Aircraft Industries with new aircraft orders. It took delivery of a Diamond training aircraft, reinforcing its Diamond Aircraft Industries fleet to 47 aircraft, including two DA20 aircraft. LIFT Academy is one of the biggest U.S. operators of Diamond aircraft, as it coaches around 300 flight students every year. In addition, it has one of the most technologically developed fleets in the U.S. Furthermore, it has an option for 50 additional aircraft. Such developments would propel the market during the forecast period.


The COVID-19 pandemic significantly impacted the aviation and aerospace industries, relying on commercial passenger travel. As the demand for air travel fell and stayed low throughout 2020, it affected various areas and stakeholders, including passenger airlines, airports, aviation manufacturers, and repair station owners in the U.S. This hampered the demand and market growth of aviation gasoline (AVGAS).


U.S. Aviation Gasoline (AVGAS) Market Trends


Technological Advancements in the Aviation Industry is Propelling the Aviation Gasoline Market


Advances in aircraft engine technology influence aviation gasoline consumption. More fuel-efficient engines or engines designed to run on alternative fuels could impact the need for traditional AVGAS. Research into hybrid electric and electric propulsion systems for aircraft is gaining traction. These systems could significantly reduce the reliance on AVGAS-powered engines as electric propulsion can be used during certain phases of flight, such as takeoff and landing, where maximum power is required. Technological advancement often leads to more compact, lightweight engines with improved power-to-weight ratios. These factors are promoting the product more and the adoption of the product.


For instance, in June 2023, the SOLiTHOR and Sonaca inked a memorandum of understanding to develop urban air mobility and regional aircraft electrification. This would enable the industry to make more effective utilization of smaller regional airports and go some way to address their under-utilization across the globe - especially in the U.S. and Europe.


U.S. Aviation Gasoline (AVGAS) Market Growth Factors


Increasing Demand for Private Jet Chartering Activity is Accelerating Market Growth


The demand for private jet chartering surges the product demand as these aircraft predominantly use aviation gasoline as their fuel type. As more individuals and businesses show interest in acquiring private jet chartering for personal use, the need for the product increases.


For instance, in May 2023, Chartright Air Group, Canada's largest private jet charter activity provider, opened their latest fixed base operator (FBO), Hangar 64, at the Waterloo International Airport in Canada. This advanced site marks a major accomplishment for Chartright as it would help reinforce its activities to better cater to the industry's rising demands.


RESTRAINING FACTORS


Aircraft Modernization May Restrain Market Growth


Aircraft modernization is restricting the U.S. AVGAS market growth primarily due to the shift toward more advanced and fuel-efficient propulsion technologies. Many modern aircraft models are designed to operate with jet fuel, which is more energy efficient and emits fewer pollutants than aviation gasoline. The preference for jet fuel-powered engines has reduced the demand for AVGAS-powered aircraft. Aircraft emissions are under increasing scrutiny due to environmental concerns.


As regulations become more stringent, aircraft manufacturers focus on developing engines that meet or exceed these standards. For instance, in April 2022, U.S. aviation company Textron Inc. claimed that it would speed up its electric fleet development, starting with the acquisition of a Slovenian electric aircraft company.


U.S. Aviation Gasoline (AVGAS) Market Segmentation Analysis


By End-user Analysis


Based on end-user, the market is segmented into private, commercial, and military.


The private segment held the largest U.S. aviation gasoline market share in 2022 owing to the wide range of small aircraft used for various purposes, such as personal travel, recreational flying, business aviation, and flight training.


Along with private, commercial is also one of the major segments in the market. Due to their vast usage and carbon free features this is widely used in the private and commercial sector.


      •    June 2023 - Verijet, one of the well-known companies and operators of Cirrus Vision Jets, has expanded its service footprint to Canada. After operating in the U.S. in 2019, the air-taxi company commenced providing service in parts of South and Central America and the Caribbean last year.


List of Key Companies in U.S. Aviation Gasoline Market


The U.S. AVGAS market is highly competitive. The major players operating in the market compete with a broad range of companies that produce aviation gasoline and related products. Many of these are the industry's largest, with a U.S. presence, longer operating histories, more significant financial, technical, and other resources, and greater visibility.


In addition, the market includes various small key players with high regional or national competitiveness, enabling them to adopt emerging or new technologies and changing customer demands. Other companies with a considerable presence in the U.S. market include ExxonMobil, Shell, Mestek, BP Plc, Total, and Vitol Group.


LIST OF KEY COMPANIES PROFILED:



  • ExxonMobil (U.S.)

  • Shell (U.K.)

  • BP Plc (U.K.)

  • Total (France)

  • Vitol Group (Switzerland)

  • Phillips 66 (U.S.)

  • Chevron Corporation (U.S.)

  • Repsol (Spain)

  • Avfuel Corporation (U.S.)

  • EPIC Fuels (U.S.)


KEY INDUSTRY DEVELOPMENTS:



  • October 2022: Jet Luxe declared impressive growth in the Americas. The company claimed its major expansion in the U.S. and the rest of the world. Highlights comprise a supplementary addition of 8 jets to the global and U.S.-based fleet.

  • February 2022: The FAA joined the petroleum and aviation sector participants to announce an inclusive public-private collaboration for transitioning to lead-free aviation fuels for piston-engine aircraft by 2030. The EAGLE (Eliminate Aviation Gasoline Lead Emissions) initiative would expand and speed up industry and government investments and actions and establish the essential activities and policies to license existing and new general aviation aircraft for lead-free operation without compromising general aviation's economic and broader public benefits and aviation safety.

  • March 2021: NovaJet, one of the key companies in the aircraft charter business, reinforced its presence by opening its base in the Waterloo International Airport region.


REPORT COVERAGE


The report provides a detailed market analysis. It is focused on providing key information for products offered, leading segment information, key market developments, and leading product applications. Besides all the information, the report provides insights into the market trends and highlights key industry developments. The above factor will reflect the market growth.


An Infographic Representation of U.S. Aviation Gasoline (AVGAS) Market

To get information on various segments, share your queries with us



Report Scope & Segmentation










































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 5.52% from 2023 to 2030



Unit



By Value (USD Billion) and Volume (Thousand Tons)


Segmentation

By End-user



  • Private

  • Commercial

  • Military



Frequently Asked Questions

Fortune Business Insights says that the U.S. market was worth USD 1.22 billion in 2022.

The market is expected to exhibit a CAGR of 5.52% during the forecast period (2023-2030).

By end-user, the private segment accounted for a major market share in 2022.

ExxonMobil, Shell, BP Plc, and Total, among others, are some of the top players in the market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Feb, 2024
  • 2022
  • 2019-2021
  • 60

    CHOOSE LICENSE TYPE

  • $2850
    $3850
    $4850

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

Nikon
Sumitomo
Ntt
Itic
GM

Client Testimonials

“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.
X