Report Code: A15870 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Off-road Fuels Market
Request Now !Off-road fuels are one of the most appealing fuel sectors for consumers and their automobiles. Off-road fuels, often known as colored diesels, are untaxed fuels designed for use in off-road vehicles. The use of off-road fuels in on-road vehicles is unlawful and can result in severe penalties and fines. Off-road fuels are typically colored red to distinguish themselves from highway fuel and on-road diesel. Farmers are now using off-road fuels to power harvesters, tractors, and ploughs in farmlands as a standard practice. Off-road fuel/diesel equipment, such as bobcats, cranes, bulldozers and backhoes are used by construction businesses. Some maritime boats, aircraft fuels and county fair and carnival rides are likely to benefit from off-road fuels.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Product Type, Application and Region |
 Companies Covered | Suncor Energy Inc., Chevron Corporation, Marathon Petroleum Company LP, Exxon Mobil Corporation, Neste Oyj, Lehigh Fuels LLC, Whiteley Fuel Oil Company, Lion Oil Company, Mauger & Co., Inc. |
COVID-19 Impact analysis
Top Impacting Factors
The growing demand for clear diesel or ultra-low Sulfur diesel in construction and farming applications is one of the primary factors driving the global off-road fuel industry. A growth in demand for ultra-low Sulfur diesel in vehicles such as tractors and trailers is another factor expected to boost the global off-road fuel market during the forecast period. Off-road fuels are quickly being used by heavy-duty machinery, trucks, bulldozers, and cranes. Increased infrastructure development initiatives are another element driving the global off-road fuel market. Heavy-duty vehicle demand is increasing across a wide range of end-use industries, including industrial, mining, automobiles, aerospace, and fishing/ship machinery. In the agriculture industry all around the world, off-road fuel is in high demand. Agricultural vehicles that require off-road petroleum include tractors, harvesting machines, combine harvesters, and mulching machines, to name a few. Off-road fuel is expected to be widely used in maritime vessels, aviation, carnival rides, and fairground gadgets. Increased research funding for reducing harmful gas emissions such as nitrogen dioxide, sulfur dioxide, and carbon dioxide, as well as a growing market for off-road gasoline during the projected period, several end-use industries such as mining, logging, heating oil, and trains are expected to present considerable potential for off-road fuel makers.
Market Trends
Key Benefits of the Report
Off-Road Fuels Market Report Highlights
Aspects | Details |
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By Region |
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By Product Type |
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By Application |
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Key Market Players | Neste Oyj, Whiteley Fuel Oil Company, Exxon Mobil Corporation, Suncor Energy Inc., Chevron Corporation, Marathon Petroleum Company LP, Lion Oil Company, Lehigh Fuels LLC, Mauger & Co., Inc |
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