Eastern Canada Road Transportation Fuel Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Eastern Canada Road Transportation Fuel Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Gasoline, Diesel, Biofuel, Natural Gas, and Others), Vehicle Type (Light Vehicle and Heavy Vehicle), and Geography

  • Report Code : TIPRE00040926
  • Category : Energy and Power
  • No. of Pages : 112
Buy Now

The Eastern Canada road transportation fuel market size is expected to reach US$ 50,160.30 million by 2031 from US$ 40,909.03 million in 2024. The market is estimated to register a CAGR of 3.14% during 2025–2031. The growing investments in the transportation industry are likely to bring new trends to the market in the coming years.

Eastern Canada Road Transportation Fuel Market Analysis

Transportation fuels play an important role in Canada's economy. The key stakeholders in the Eastern Canada transportation fuel market ecosystem include refineries, transportation fuel distributors and retailers, and end users. Key end users include passenger and freight transport vehicles. Road transportation is categorized into the transportation of goods and the transportation of people. Transportation fuels are energy sources that power internal combustion engines used in various modes of transport. The transportation sector includes road (including cars, trucks, and buses), rail, sea, and air transport used for the movement of people and goods. The transportation sector accounts for nearly 20% of energy consumption and is the largest consumer of petroleum in Canada. Transportation fuels are the result of refining processes that convert extracted energy resources into usable products. Liquid fuels vary depending on the chemical characteristics of the primary fuel source. Currently, more than 80% of transportation fuels are derived from petroleum. Ontario and Quebec significantly influence the road transportation fuel market in Eastern Canada due to the extensive presence of road transportation fuel consumers in these provinces.

Eastern Canada Road Transportation Fuel Market Overview

The rise in production and sales of vehicles in Canada drives the road transportation fuel market growth. In addition, the increase in fuel sales for road transportation vehicles propels the Eastern Canada road transportation market growth. Moreover, government initiatives toward the promotion of sustainable fuels in road transportation applications are expected to propel the market growth from 2025 to 2031. Furthermore, the growing investment in the development of hydrogen fueling infrastructure is projected to be the key trend in the market during the forecast period.

Key industries driving the Eastern Canada road transportation fuel market include transportation and logistics, construction, mining, oil & gas, healthcare, and e-commerce. As per the Canadian Fuels Association, yearly, around 200 million liters of fuel are pumped into vehicle fuel tanks across Canada. Canada has 16 petroleum refineries, 75 fuel distribution terminals, and more than 12,000 retail and commercial sites. In addition, the government of Canada, along with state governments, aimed at the promotion of alternative or sustainable fuels for achieving Canada's future fuel mix and energy transition targets. The increasing preference of Canadian consumers for larger vehicles has a significant impact on the demand for gasoline and diesel, which, in turn, is projected to drive the market growth in Canada.

End users in the Eastern Canada road transportation fuel market include light and heavy vehicles. These vehicles are used in passenger and freight transportation across the country. The increase in new vehicle registrations in the region is anticipated to drive the demand for road transportation fuels in the coming years. The increase in trade activities through road transportation in Eastern Canada, driven by the growth of logistics, e-commerce, manufacturing, and construction sectors, is expected to boost the demand for road transportation fuels from 2025 to 2031.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Eastern Canada Road Transportation Fuel Market: Strategic Insights

Eastern Canada Road Transportation Fuel Market
  • Market Size 2024
    US$ 40,909.03 Million
  • Market Size 2031
    US$ 50,160.30 Million

Market Dynamics

GROWTH DRIVERS
  • Rise in Sales of New Vehicles
  • Increase in Fuel Sales for Road Transportation Vehicles
FUTURE TRENDS
  • Growing Investment in Development of Hydrogen Fueling Infrastructure
OPPORTUNITIES
  • Government Initiatives Toward Promotion of Sustainable Fuels

Regional Overview

Regional Overview
  • Eastern Canada

Market Segmentation

Market SegmentType
  • Gasoline
  • Diesel
  • Biofuel
  • Natural Gas
Market SegmentVehicle Type
  • Light Vehicle
  • Heavy Vehicle
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Eastern Canada Road Transportation Fuel Market Drivers and Opportunities

Increase in Fuel Sales for Road Transportation Vehicles

In recent years, Canada has experienced a significant increase in trucking fuel sales. This rise can be attributed to various factors that reflect both the economic landscape and shifting consumer preferences. It highlights the broader dynamics within the nation's transportation sector, which plays a vital role in the economy. As Canada continues to recover from the impacts of the COVID-19 pandemic, there has been a noticeable uptick in economic activity, leading to higher fuel demand. The resumption of business activities, coupled with increased consumer travel, has led to higher fuel consumption, particularly gasoline and diesel. Furthermore, increased vehicle registrations, including passenger cars, trucks, and commercial vehicles, have contributed to the growth in fuel sales. As Canadians travel and conduct business, the demand for fuels used in road transportation has also soared.

Government Initiatives Toward Promotion of Sustainable Fuels

As the world is increasing its efforts to achieve net-zero emissions (NZE) by 2050, there will be a major shift toward carbon reduction and the production of zero-emission fuels. Canada is positioned to be the producer and consumer of these fuels that consumers are seeking now and will increasingly seek in the future. The Clean Fuels Regulation increases incentives for the development and adoption of sustainable fuels, technologies, and processes. The goal of the Clean Fuels Regulation is to significantly reduce pollution by making clean fuels cleaner over time. The Clean Fuels Regulation requires suppliers of liquid fossil fuels (gasoline and diesel) to gradually reduce the carbon intensity (or amount of pollution) of the fuels they produce and sell for utilization in Canada. This will translate into a reduction of nearly 15% (below 2016 levels) in the carbon emission intensity of gasoline fuel and diesel used in Canada by 2030. As per the International Energy Agency (IEA) and Advanced Biofuels Canada, the total production of biodiesel increased from 431 million liters in 2021 to 496 million liters in 2023. In addition, biodiesel consumption increased from 412 million liters in 2021 to 525 million liters. Hence, government initiatives toward the promotion of sustainable fuels are anticipated to create opportunities for the key players operating in the Eastern Canada road transportation fuel market during the forecast period.

Eastern Canada Road Transportation Fuel Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Eastern Canada road transportation fuel market analysis are type and vehicle type.

  • In terms of type, the market is categorized into gasoline, diesel, biofuel, natural gas, and others. The gasoline segment dominated the market in 2024.
  • Based on vehicle type, the market is divided into light vehicle and heavy vehicle. The light vehicle segment dominated the market in 2024.

Eastern Canada Road Transportation Fuel Market Share Analysis by Geography

The Eastern Canada road transportation fuel market is segmented into four major provinces: Ontario, Quebec, the Maritimes, and others. Ontario dominated the market in 2024, followed by Quebec and the Maritimes.

As per the insights from Statistics Canada, new passenger car vehicle registrations decreased from 93,867 units in 2021 to 67,788 units in 2023. In addition, gasoline vehicle registrations decreased from 295,288 units in 2022 to 288,324 units in 2024, and diesel vehicle sales increased from 15,278 units in 2022 to 15,860 units in 2024. The decrease in gasoline vehicle sales can be attributed to the increasing demand and government initiatives toward the adoption of zero-emission vehicles in the region. For instance, the sales of all types of zero-emission vehicles in Quebec increased from 45,881 units in 2022 to 147,507 units in 2024, owing to the rise in government initiatives toward the adoption of zero-emission vehicles in Quebec. In December 2024, Quebec adopted the regulation banning the sale of all new light-duty combustion engine vehicles in Quebec by 2035, achieving the goal of 100% zero-emission vehicles by 2035. Additionally, net sales of liquefied petroleum gas (LPG) used in road motor vehicles rose from 74.84 million liters in 2021 to 118.2 million liters in 2023. Hence, the rise in fuel consumption from the road transportation sector in Quebec is expected to drive market growth from 2025 to 2031.

Eastern Canada Road Transportation Fuel Market Report Scope

Report Attribute Details
Market size in 2024 US$ 40,909.03 Million
Market Size by 2031 US$ 50,160.30 Million
Global CAGR (2025 - 2031) 3.14%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Type
  • Gasoline
  • Diesel
  • Biofuel
  • Natural Gas
By Vehicle Type
  • Light Vehicle
  • Heavy Vehicle
Regions and Countries Covered Eastern Canada
  • Ontario
  • Quebec
  • The Maritimes
  • Others
Market leaders and key company profiles
  • Chevron Oronite Co LLC
  • Suncor Energy Inc
  • Valero Energy Corp
  • Equinor ASA
  • Exxon Mobil Corp
  • CNOOC Ltd
  • TotalEnergies SE
  • Parkland Corp
  • Irving Oil Co Ltd
  • Cenovus Energy Inc
  • Eastern Canada Road Transportation Fuel Market News and Recent Developments

    The Eastern Canada road transportation fuel market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the key developments in the Eastern Canada road transportation fuel market are listed below:

    • TotalEnergies Marketing Canada Inc. highlighted its strategic partnership with Wajax, Canada, to provide lubricants and access to the full range of TotalEnergies portfolio to meet the needs of various applications in the industrial, forestry, construction, mining, transport, and other sectors. (Source: TotalEnergies Marketing Canada Inc, Press Release, September 2024)
    • Chevron Corp pursues new ways of making renewable fuels. The company is exploring new carbon utilization paths to a lower carbon future. Chevron is currently exploring how to use novel catalysts to convert captured carbon dioxide (CO2) into sustainable aviation fuel, methanol, and other lower carbon-intensity fuels. (Source: Chevron Corp, Press Release, August 2024)

    Eastern Canada Road Transportation Fuel Market Report Coverage and Deliverables

    The "Eastern Canada Road Transportation Fuel Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

    • Eastern Canada road transportation fuel market size and forecast at the province level for all the key market segments covered under the scope
    • Eastern Canada road transportation fuel market trends, as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST and SWOT analysis
    • Eastern Canada road transportation fuel market analysis covering key market trends, regional and province framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Eastern Canada road transportation fuel market
    • Detailed company profiles
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
    eastern-canada-road-transportation-fuel-market-report-deliverables-img1
    eastern-canada-road-transportation-fuel-market-report-deliverables-img2
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    What are the driving factors impacting the Eastern Canada road transportation fuel market?

    Rise in sales of new vehicles and increase in fuel sales for road transportation vehicles are the major factors that propel the Eastern Canada road transportation fuel market.

    What would be the estimated value of the Eastern Canada road transportation fuel by 2031?

    The Eastern Canada road transportation fuel market is expected to reach US$ 50.16 billion by 2031.

    What are the future trends of the Eastern Canada road transportation fuel market?

    Growing investment in development of hydrogen fueling infrastructure to play a significant role in the Eastern Canada road transportation fuel market in the coming years.

    What is the expected CAGR of the Eastern Canada road transportation fuel market?

    The Eastern Canada road transportation fuel market is estimated to register a CAGR of 3.14% during the forecast period 2025–2031.

    Which are the leading players operating in the Eastern Canada road transportation fuel market?

    The key players holding majority shares in the Eastern Canada road transportation fuel market are Chevron Oronite Co LLC, Suncor Energy Inc, Valero Energy Corp, Equinor ASA, Exxon Mobil Corp, CNOOC Ltd, TotalEnergies SE, Parkland Corp, Irving Oil Co Ltd, Cenovus Energy Inc, Imperial Oil Ltd, and Shell Plc.

    Which segment dominated the Eastern Canada road transportation fuel market in 2024?

    Gasoline segment dominated the Eastern Canada road transportation fuel market in 2024.

    Trends and growth analysis reports related to Energy and Power : READ MORE..   

    The List of Companies - Eastern Canada Road Transportation Fuel Market

    1. Suncor Energy Inc.
    2. Parkland Corporation
    3. Chevron Corporation
    4. Equinor ASA
    5. Exxon Mobil Corporation
    6. CNOOC International Ltd
    7. TotalEnergies
    8. Shell Plc
    9. Imperial Oil Limited
    10. Irving Oil Ltd
    11. Cenovus Energy Inc.