Market Size of North America Aviation Fuel Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 15.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Aviation Fuel Market Analysis
The aviation fuel market in North America is anticipated to register a CAGR of more than 15% during the forecast period.
The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns and flight restrictions. Currently, the market has reached pre-pandemic levels.
- The increasing number of air passengers, on account of the cheaper airfare in recent times, stronger economic conditions, and increasing disposable income, are among the major driving factors for the market.
- However, the high and volatile cost of aviation fuel is expected to restrain the market.
- The air passenger number is expected to touch 8.2 billion by 2037. North America is expected to hold a significant share in this, creating ample opportunities for market players.
- The United States is leading the market in the North American region. With forecast growth, the United States is likely to continue its dominance.
