According to our latest study on "Global Racing gasoline market Size and Forecasts (2021 - 2031), Regional Share, Trends, and Growth Opportunity Analysis - by Application," the Global Racing gasoline market size was valued at US$ 396.43 million in 2024 and is expected to reach US$ 538.85 million by 2031; it is estimated to record a CAGR of 4.40% from 2025 to 2031.

The global racing gasoline market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Motorsports viewership has increased dramatically in recent years. Considering the worldwide motorsport events, Formula 1 stands unrivaled in terms of appeal and global cumulative viewership, with ~1.6 billion viewers in the 2024 season as per the insights from Forbes. In addition, total attendance at all Formula F1 racing events with average per race increased from 122,270 in 2021 to 272,000 in 2024. The global racing gasoline market growth is fueled by the increasing popularity of motorsports across both developed and emerging economies. Racing gasoline, characterized by its high-octane rating and performance-enhancing additives, is essential for competitive motorsports where engine efficiency and power output are critical. In addition, the rise in racing events across the globe increased the revenue of the corporation that holds these events. For example, Liberty Media Corporation's Formula One Group registered an increase of 5.9% (YOY) with the revenue of nearly US$ 3,410 million for 2024. Such a rise in revenue from racing events is expected to promote the addition of new teams in the coming years, propelling the demand for racing gasoline from 2025 to 2031.

There is a growing global enthusiasm for motorsports, such as Formula 1, NASCAR, rallying, and off-road racing. This surge in popularity is accompanied by increased investments in racing infrastructure and sponsorships, which fuel the demand for high-performance fuels. With its octane rating and superior combustion properties, racing gasoline is essential for maximizing engine power and efficiency in competitive environments. Furthermore, advancements in fuel chemistry, such as the inclusion of oxygenates and anti-knock agents, are improving performance, making racing gasoline more attractive to both professional and amateur teams. The rise of automobile clubs and amateur racing leagues in emerging economies also contributes to market expansion, as more consumers seek premium fuels for modified vehicles.

Key Findings of Global Racing Gasoline Market Study:

The racing gasoline market is segmented on the basis of application. Based on application, the market is bifurcated into circuit racing, drag racing, rally racing, off-road racing, and others.

In terms of application, the rally racing segment held the significant global racing gasoline market share in 2024. The increasing global motorsport popularity, technological advancements, and evolving environmental regulations are propelling the racing gasoline market growth for the rally racing segment. As rally racing demands high-octane fuels capable of delivering peak engine performance under extreme conditions, racing gasoline suppliers are innovating to meet both performance and sustainability needs. In motorsport rally racing, unleaded race gasoline with high octane ratings is typically used. These fuels are designed to provide improved combustion and power output while maintaining engine safety. Leading brands such as Sunoco LP (Energy Transfer LP) and VP Racing Fuels, Inc., offer specialized blends tailored for high-performance engines common in rally cars. Often, these fuels are unleaded with octane ratings around 98 to 110, sometimes containing ethanol blends (e.g., 13% ethanol) to enhance performance without compromising stability.

Rallying is a diverse motorsport involving speed tests, navigation, and timed stages on varied terrains. It includes both traditional rallies on public roads and off-road rally raids. In the present scenario, Europe currently dominates rally racing markets with strong racing teams, events, and broadcasting infrastructure, but, on the other hand, rally racing, as a motorsport event, is witnessing significant growth in Asia Pacific, especially in countries such as Japan and China. Moreover, sustainability concerns are pushing the adoption of electric and hybrid vehicles in rally racing, making the sport eco-friendly.

Recent developments have emerged regarding the shift in fuel types for the rally racing category. Notably, the modernization of vehicles in rally racing has been observed. For example, the World Rally Championship (WRC) is set to transition from hybrid Rally1 cars, which were introduced in 2022, for the 2025 season. In addition, hybrid powertrains will be phased out due to various challenges, including high costs and complexity. 1.6L turbocharged engines will replace them. The new vehicles will also be lighter, reducing their weight from 1,260 kg to 1,180 kg. Although there will be a slight decrease in engine output to about 380 hp, this adjustment is aimed at maintaining a balanced performance. These changes will enhance agility and lower operating costs for rally teams. Moreover, the new racing fuels needed for the replaced hybrid powertrains will majorly be consistent of 100% synthetic fuels.

TotalEnergies, VP Racing Fuels, Inc., Hyperfuel Inc., Torco Race Fuels, Gulf Oil International, Renegade Racing Fuel, AFD Petroleum Ltd, Haltermann Carless Group GmbH, Sunoco LP, Shell Plc, F&L Petroleum Products, Newton Oil Company, and P1 Racing Fuels Ltd are among the key players profiled in the global racing gasoline market report. Several other major players were studied and analyzed during the global racing gasoline market analysis to get a holistic view of the market and its ecosystem. The global racing gasoline market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current global racing gasoline market trends and their foreseeable impact during the forecast period.

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