DUBLIN, August 8, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Gasoline Market in the US 2016-2020" report to their offering.
The report forecasts the gasoline market in the US market to reach 18,732.8 Gpd by 2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Labor availability and wage growth will be the key trends for market growth. The labor market has undergone changes over the past few years that have contributed to the rise in gasoline usage. Job Openings and Labor Turnover is a study published by the US Department of Labor's Bureau of Labor Statistics. It throws light regarding the availability of labor by providing data such as the number of people hired and the number of job vacancies available each month. The difference between the number of hires and the number of the job vacancies is a method to measure the strength of the job market.
According to the report, the various uses of gasoline will be a key driver for market growth. In 2014, Americans consumed about 375 million gallons of gasoline per day. Given that the population of the US was 319 million in 2014, the calculation translated to a gasoline consumption of more than a gallon per day by each person. Gasoline is the major transportation fuel, which predominates in automotive vehicles and rivalled only by diesel. Gasoline is also used as an aviation fuel for propeller aircraft, for household purposes, and also in some recreational and maritime vessels.
Further, the report states that one of the challenges for the market will be the rise in natural gas consumption in transportation sector.
- Exxon Mobil
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
For more information visit http://www.researchandmarkets.com/research/gpfr7m/gasoline_market
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SOURCE Research and Markets