About Fuel Dispenser
The global Fuel Dispenser market is expected to witness high demand due to rising global automotive vehicle fleet and increasing construction of fuel stations across emerging economic regions. Fuel dispensers refers to an equipment or machinery used for processing, pumping, and refilling of fuel in vehicles at fuel stations. A fuel dispenser is capable of accessing diesel, petrol, gasoline, biofuels, ethanol fuels, and other types of fuels as well. The equipment comprises of components such as embedded system, meters, pumps, displays, nozzles, and other components such as nozzle boots, enclosures, switches, keypads, etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are focusing on expanding their presence and targeting the oil & gas companies for their specific fuel stations. For instance, Dover Fueling Solutions announced that it has signed a contract with Gazprom Neft (Vertically Integrated Oil Company) for supplying Wayne Helix fuel dispensers in 2019-2020 for specific locations Russia, Belorussia, Kazakhstan, and Kyrgyzstan. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fuel Dispenser market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dover Corporation (United States), Gilbarco Inc. (United States), TATSUNO Corporation (Japan), Tominaga Mfg. Co. (Japan), Censtar Science & Technology Corp., Ltd. (China), CG Power and Industrial Solutions Limited (India), Sankipetro (China), BENNETT PUMP COMPANY (United States), Scheidt & Bachmann Tubs d.o.o. (Germany), Korea EnE Co., Ltd. (Korea), Piusi S.p.A. (Italy) and Eastman (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fuel Dispenser market by Type (Fixed, Portable and Mobile), Application (Retail and Commercial) and Region.
On the basis of geography, the market of Fuel Dispenser has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nozzle, the sub-segment i.e. 4 Nozzle will boost the Fuel Dispenser market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. OE will boost the Fuel Dispenser market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel, the sub-segment i.e. Diesel will boost the Fuel Dispenser market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Displays will boost the Fuel Dispenser market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for gasoline-powered stations due to increasing adoption of gasoline-powered vehicles
Market Growth Drivers:
Rising Global Automotive Vehicle Fleet and Increasing construction of fuel stations across emerging economies
Challenges:
Malfunctioning of nozzle and pressure loss during fuel pumping and Rising prices of fuel due to growing oil & gas industry
Restraints:
Growing demand for electric vehicles
Opportunities:
Rising urbanization across the regions such as the Asia Pacific and Africa
Market Leaders and their expansionary development strategies
In June 2018, Gilbarco Veeder-Root signed a definitive agreement to acquire the assets of Midco Limited (a manufacturer of dispensing equipment) to expand its footprint in its key market across India.
In September 2019, Dover fueling solutions launched its new Tokheim Quantium 510M fuel dispenser series
Analyst View
The market is moderately consolidated with presence of less than 50 players across the world. The vendors in this market are attracted towards their geographical expansion in the emerging economic countries such as India. For instance, in December 2017, United States-based Dover Fueling Solutions opened a manufacturing facility in Navi Mumbai, India which will is engaged into the manufacturing and production of fuel dispensers with fraud resistant features.
Key Target Audience
Oil Companies, Fuel Stations, Installation Service Providers, Maintenance Service Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.