28-Feb-2020 | Facts and Factors
Facts and Factors report “Fuel Dispenser Market By Type (Submersible Systems and Suction Systems), Flow Meter (Mechanical and Electronic) and By Application (Petrol, Diesel, CNG, Biofuel, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Fuel Dispenser Market in 2019 was approximately USD 2,300 Million. The market is expected to grow at a CAGR of 2.5% and is anticipated to reach around USD 2,700 Million by 2026.
Fuel dispenser facilitates the refilling of various types of fuels into vehicles. With the help of fuel dispenser, the fuel is pumped into the vehicle, storage tanks, and portable containers. This dispenser ensures the accurate amount of fuel is pumped. Fuel dispensers are used to petrol, pump gasoline, diesel, ethanol fuel, LPG, CNG, and biofuels like kerosene and biodiesel into vehicles.
Browse the full “Fuel Dispenser Market By Type (Submersible Systems and Suction Systems), Flow Meter (Mechanical and Electronic) and By Application (Petrol, Diesel, CNG, Biofuel, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/fuel-dispenser-market-by-type-submersible-systems-and-545
The surging automotive industry is one of the key factors driving the global fuel dispenser market. With the growing population across the globe, the number of vehicles is also increasing coupled with the rising disposable income and changing lifestyle of the consumers. In 2018, it has been observed that the automotive industry manufactured around96 million vehicles including two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles. Therefore, this is projected to boost the consumption of fuels, thereby, propelling fuel dispenser market growth.
Moreover, in the last few years, the travel & tourism industry is growing significantly which has further increased the demand for transportation services. Consequently, this, in turn, has boosted the demand for fuel and thus, fuel stations. However, the growing popularity of electric vehicles is likely to hamper the fuel dispenser market. Conversely, the manufacturers are introducing new advanced fuel dispensers that have a scanner, interactive video screen, customer identification keypad, barcoding, and magnetic card terminal. Hence, this is further predicted to offer huge opportunities for market growth.
Owing to low maintenance cost, low installation cost and high-efficiency submersible systems are widely used type of fuel dispenser as compared to suction systems. In 2019, submersible systems accounted for the largest share of more than 75% of the global fuel dispenser market. Additionally, suction systems are efficient and easy to use but have high installation costs and maintenance costs. Among the flow meters, electronic flow meters are widely used owing to its high stability, high accuracy, and reliability. The consumption of petrol is increasing rapidly with the growing number of vehicles such as two-wheeler, three-wheelers, and cars are further estimated to enhance the need for fuel dispensers.
Geographically, the Asia Pacific dominated the global fuel dispenser market. The region accounted for more than 45% of the market share and is expected to grow significantly during the forecast period as well. The growing population and urbanization are the major factors impacting the fuel dispenser market within the region. Additionally, India and China are the major consumers of fuel dispensers owing to the presence of a large number of vehicles in the countries. Moreover, the European market is anticipated to grow considerably owing to the rapidly surging automotive industry in the region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
( 2,300 Million) |
Projected Market Size in 2026 |
( USD 2,700 Million) |
CAGR Growth Rate |
2.5% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Gilbarco, Wayne Fueling Systems LLC, Tokhein Group, Tatsuno Corp., Scheidt& Bachmann GmbH, TominagaMfg, Neotec, Bennett Pump, Piusi S.p.A., and Beijing Sanki Petroleum Technology Co. Ltd., , and Others |
Key Segment |
By Type, Flow Meter, Applications, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Some of the major players operating in the global fuel dispenser market
Gilbarco, Wayne Fueling Systems LLC, Tokhein Group, Tatsuno Corp., Scheidt& Bachmann GmbH, TominagaMfg, Neotec, Bennett Pump, Piusi S.p.A., and Beijing Sanki Petroleum Technology Co. Ltd., among others.
This report segments the fuel dispenser market as follows:
By Type Segmentation Analysis
- Submersible Systems
- Suction Systems
By Flow Meter Segmentation Analysis
By Application Segmentation Analysis
- Petrol
- Diesel
- CNG
- Biofuel
- Others
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1 (347) 690-0211
Email: [email protected]
Web: https://www.fnfresearch.com
