The Fuel Dispenser Market size was valued at USD 2.42 Bn in 2023 and is expected to reach USD 3.78 Bn by 2031 with a growing CAGR of 5.72% over the forecast period 2024-2031.
Gasoline dispensers are an important part of the fuel station since they ensure that the proper amount of fuel is delivered to the vehicle. The system is used to fill a vehicle with fuel such as gas, diesel, gasoline, and other types. The system is made up of two parts: one monitor and controls all electrical equipment like meters, displays, and reading sensors, while the other controls all mechanical devices like pumps and valves, motors, and so on. The rising automotive sector is favorably affecting the growth of the fuel dispenser market due to the corresponding need for automobiles and a quick rise in the demand for gas vehicles.
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MARKET DYNAMICS
KEY DRIVERS
Natural-gas vehicles are gaining popularity.
Increasing Petroleum Product Consumption in Emerging nations.
RESTRAINTS
Reducing the number of fuel stations.
Rising sales of electric vehicles.
OPPORTUNITY
Companies may increase their presence by strengthening their distribution systems.
Increased demand for automobiles is expected to boost demand for gasoline dispensers.
Alternate fuel generation.
CHALLENGES
The cost of oil, gas, and other fuels is increasing.
IMPACT OF COVID-19
The worldwide demand for different fuels has decreased significantly as a result of the new coronavirus epidemic, which has forced numerous countries into lockdown. Because China is a large importer of oil and gas, the lockout in the first quarter of 2020 is projected to have a significant influence on the growth of the gasoline dispenser market. Furthermore, rigorous transportation and trade restrictions have erected various bottlenecks in the supply chain, resulting in a significant drop in demand for gasoline dispensers in the first half of 2020. Despite the fact that numerous nations have declared a lockdown in order to control the new coronavirus, oil and other fuel alternatives production has remained stable, resulting in a significant gap between supply and demand. In 2020, supply chain bottlenecks are projected to limit market expansion. However, when China's industries reopen, the gap between supply and demand for fuel resources is expected to close, resulting in a significant increase in demand for gasoline dispensers in the future years.
MARKET ESTIMATION
Gasoline type, dispenser system, and flow meter are the three segments that make up the worldwide fuel dispenser market. Petroleum fuels, compressed fuels, biofuels, and others are the different types of fuels. It is divided into submersible and suction systems based on the dispenser system.
Mechanical and electronic flow meters are the two types of flow meters. The petroleum fuels category had the biggest market share by fuel type in 2021 and is predicted to maintain that position throughout the forecast period. The automotive and transportation industries are driving up demand for petroleum fuels including gasoline, diesel, and kerosene. Furthermore, an increase in transportation operations due to the expanding tourist industry in many nations throughout the world is predicted to drive demand for petroleum fuels. Because of features such as rapid fueling, active air removal, safety & convenience of maintenance, easy servicing, and dependability, the submersible segment led the worldwide market in terms of share in 2021. In addition, submersible systems have lower initial maintenance and service costs than other systems, which is projected to drive market expansion throughout the forecast period.
In 2021, the electronics sector remained the biggest market share by a flow meter, owing to an increase in demand for electronic gasoline dispensers due to benefits such as high accuracy, dependability, and performance when compared to mechanical fuel dispensers. Furthermore, technical improvements in fuel dispenser technologies such as online payment, printing, digital measurement, and automated gasoline dispensing systems are expected to propel the electronics fuel dispenser market forward throughout the forecast period.
By Fuel Type
Petroleum Fuels
Compressed Fuels
Biofuels
Others
By Dispenser System
Submersible
Suction
By Flow Meter
Mechanical
Electronics
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REGIONAL ANALYSIS:
Due to high gasoline consumption in the area, Asia Pacific dominated the worldwide fuel dispenser market in 2023. The rise of fueling stations in China is likely to be fueled by rising gasoline consumption and strong car sales. This, in turn, is expected to enhance the Chinese gasoline dispenser market. In India, rural migrants are increasingly migrating to cities in search of better prospects. Consumer disposable income has been increasing in the country. As a result, the demand for automobiles is increasing, as is the need for gas stations and gasoline dispensers.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players in the market are Bennett pump Company, Censtar Science & Technology Corp., Ltd, Dover Corporation, Gilbarco Inc., KoreaEnE, LanFeng Co.,LTD., Sankipetro, Scheidt & Bachmann Tubs d.o.o., Sva prava pridržana., TATSUNO Corporation, TOMINAGA MFG CO.
Dover Corporation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 2.42 Billion |
| Market Size by 2031 | US$ 3.78 Billion |
| CAGR | CAGR 5.72 % From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Fuel Type (Petroleum Fuels, Compressed Fuels, Biofuels, Others) • by Dispenser System (Submersible and Suction) • by Flow Meter (Mechanical and Electronics) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | BENNETT PUMP COMPANY, Censtar Science & Technology Corp., Ltd, Dover Corporation, Gilbarco Inc., KoreaEnE, LanFeng Co.,LTD., Sankipetro, Scheidt & Bachmann Tubs d.o.o. Sva prava pridržana., TATSUNO Corporation, TOMINAGA MFG CO. |
| Key Drivers | •Natural-gas vehicles are gaining popularity. •Increasing Petroleum Product Consumption in Emerging nations. |
| Restraints | •Reducing the number of fuel stations. •Rising sales of electric vehicles. |
Ans: - The Fuel Dispenser Market Size was valued at USD 2.42 Bn in 2023.
Ans: - The Fuel Dispenser Market is to grow at a CAGR of 5.72 % From 2024 to 2031.
Ans: - The Asia Pacific area is anticipated to have the greatest market share during the forecast period.
Ans. The primary growth tactics of Fuel Dispenser market participants include merger and acquisition, business expansion, and product launch
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Fuel Dispenser Market Segmentation, By Fuel Type
8.1 Petroleum Fuels
8.2 Compressed Fuels
8.3 Biofuels
8.4 Others
9. Fuel Dispenser Market Segmentation, By System
9.1 Submersible
9.2 Suction
10. Fuel Dispenser Market Segmentation, By Meter
10.1 Mechanical
10.2 Electronics
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 BENNETT PUMP COMPANY
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Censtar Science & Technology Corp., Ltd
12.3 Dover Corporation
12.4 Gilbarco Inc.
12.5 KoreaEnE
12.6 LanFeng Co.,LTD.
12.7 Sankipetro
12.8 Scheidt & Bachmann Tubs d.o.o. Sva prava pridržana.
12.9 TATSUNO Corporation
12.10 TOMINAGA MFG CO
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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