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Aviation gasoline is utilized for powering piston engine aircraft. Moreover, escalating demand for piston engine aircraft for aerial, training, and sports applications drives the growth of the global aviation gasoline (Avgas) market.
PORTLAND, Ore., Aug. 31, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Aviation Gasoline (Avgas) Market by Grade Type (Avgas 100 (Green), Avgas 100LL (Blue), Others), by Aircraft Type (Fixed Wings, Rotorcraft, Others), by Application (Civil, Military, Sports and Recreational, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.” As per the report the global aviation gasoline (Avgas) industry was estimated at $12.5 billion in 2021, and is set to reach $18.8 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
Drivers, restraints, and opportunities
Aviation gasoline is utilized for powering piston engine aircraft. Moreover, escalating demand for piston engine aircraft for aerial, training, and sports applications drives the growth of the global aviation gasoline (Avgas) market. Moreover, a rise in the use of helicopters and small aircraft for agriculture and leisure activities will boost global market trends. The rise in the use of unleaded aviation gasoline in private aviation and general aviation is predicted to create new growth opportunities for the global industry. Furthermore, the huge allocation of funds by the government for new airport construction will increase the scope of the market growth across the globe. Nevertheless, oscillations in crude oil costs and growing concerns over high carbon emissions can put brakes on the growth of the global market.
Download Sample PDF (371 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/17506
Covid-19 scenario:
- The COVID-19 pandemic severely impacted the growth of the global aviation gasoline (Avgas) market due to travel restrictions and cancellation of journeys through aircraft leading to low demand for aviation gasoline.
- During the COVID-19 pandemic outbreak there was a reduction in operations, thereby adversely affecting the growth of the global market.
- Due to restrictions on corporate and private aircraft operations, the use of aviation gasoline is still less in comparison to pre-COVID-19 times.
The avgas 100 (Green) segment to dominate the global market in terms of revenue by 2031
Based on the grade type, the avgas 100 (green) segment contributed to the highest market share in 2021, accounting for half of the global aviation gasoline market share. Reportedly, this segment is predicted to contribute majorly toward an overall market share in 2031. The growth of this segment over the forecast period can be attributed to the increase in air sport and recreation activities across the globe. The report also includes other segments such as avgas 100LL (blue) and others.
Get detailed COVID-19 Impact Analysis on the Avgas Market: https://www.alliedmarketresearch.com/request-for-customization/17506?reqfor=covid
The fixed wings segment to hold the major market share over 2022-2031
On basis of…
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