Get In Touch

Off-road Fuel Market: Introduction

  • Off-road fuel, also known as dyed fuel, is an untaxed fuel that is majorly used for various off-road applications. Use of off-road fuel in on-road vehicles is illegal and may lead to fines and heavy penalties. Off-road fuel is usually dyed in red color to differentiate it from on-road diesel and highway fuel.
  • Off-road diesel fuel is utilized in vehicles and equipment that are not operated on public roads or highways. These include vehicles and equipment used on railways and farms, for electric power generation, and in the construction sector.

Key Drivers and Restraints of Off-road Fuel Market

  • Rise in demand for clear diesel or ultra-low sulfur diesel in construction and farming applications is a major factor driving the global off-road fuel market. Increase in demand for ultra-low sulfur diesel in vehicles, such as tractors and trailers, is another factor that is expected to boost the global off-road fuel market during the forecast period.
  • Adoption of off-road fuels is increasing rapidly in heavy-duty equipment, trucks, cranes, and bulldozers. Increase in infrastructure development projects is another factor driving the global off-road fuel market. Furthermore, demand for heavy-duty vehicles is increasing in different end-use verticals such as industrial, aerospace, mining, automobiles, and fishing/ship machinery.
  • Demand for off-road fuel is rising in the agriculture industry across the globe. Off-road fuel is majorly utilized in vehicles that are used in the agricultural industry such as tractors, harvesting machines, combine harvesters, and mulching machines.
  • Off-road fuel is also expected to be extensively used in marine vessels, as aviation fuel, and in machines at county fairs and carnival rides
  • Increase in investments in research to reduce the emission of various toxic gases such as oxides of carbon, nitrogen, and sulfur; and surge in demand for off-road fuel in various end-use industries, including heating oil, trains, mining, and logging, are estimated to offer significant opportunities to manufacturers of off-road fuel during the forecast period.

Global Off-road Fuel Market: Segmentation

  • The global off-road fuel market can be segmented based on dye and end-user
  • Based on dye, the global off-road fuel market can be divided into red dyed off-road fuels, blue dyed off-road fuels, green dyed off-road fuels, orange dyed off-road fuels, yellow dyed off-road fuels, and others (black and pink)
  • Based on end-user, the global off-road fuel market can be classified into heating oil, farming, construction, mining, and others (trains, logging, etc.). In terms of revenue, the construction segment is expected to hold significant share of the global market, owing to the rising demand for construction equipment and earth-moving equipment from various development and new construction projects, especially in countries across Asia Pacific. Rise in mining activities related to coal and iron ore in emerging economies including China, India, and Indonesia is projected to drive the demand for off-road fuel.

Global Off-road Fuel Market: Regional Segmentation

  • Based on region, the global off-road fuel market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • In terms of revenue, Asia Pacific is expected to account for moderate share of the global off-road fuel market during the forecast period. This can be ascribed to increase in urbanization in countries in Asia Pacific. The region is expected to witness mega construction activates. This, in turn, is expected to increase applications of off-road fuel in construction equipment. Additionally, rapid expansion of agriculture and mining industries is expected to drive the off-road fuel market in Asia Pacific.

COVID-19 Impact on Off-road Fuel Market

  • The global impact of the coronavirus pandemic was completely unpredicted, and it has put the world economy in severe distress. Demand for off-road vehicles has also been negatively impacted. This has resulted in lower demand for off-road fuels. However, demand for automobiles is gradually returning to normalcy after relaxation in lockdown. This is expected to propel the sales of off-road fuel during the forecast period.

Key Players Operating in Market

  • 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

Global Off-road Fuel Market: Research Scope

Global Off-road Fuel Market, by Dye

  • Red Dyed Off-road Fuel
  • Blue Dyed Off-road Fuel
  • Green Dyed Off-road Fuel
  • Orange Dyed Off-road Fuel
  • Yellow Dyed Off-road Fuel
  • Others

Global Off-road Fuel Market, by End-user

  • Heating Oil
  • Farming
  • Construction
  • Mining
  • Others

Global Off-road Fuel Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Off Road Fuels Market