Scope of the Study
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.
The market study is being classified by Type (Fixed, Portable and Mobile), by Application (Retail and Commercial) and major geographies with country level break-up.
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 profiled in the study.
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. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Fuel Dispenser market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Fuel Dispenser market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Global Automotive Vehicle Fleet
- Increasing construction of fuel stations across emerging economies
- Growing demand for gasoline-powered stations due to increasing adoption of gasoline-powered vehicles
- Growing demand for electric vehicles
- Rising urbanization across the regions such as the Asia Pacific and Africa
- Malfunctioning of nozzle and pressure loss during fuel pumping
- Rising prices of fuel due to growing oil & gas industry
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 CommentThe 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 AudienceOil Companies, Fuel Stations, Installation Service Providers, Maintenance Service Providers and Others
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