Fuel Dispenser Market Forecast - 2027
The global fuel dispenser market size was valued at $2.4 billion in 2019, and is projected to reach $3.3 billion by 2027, growing at a CAGR of 5.7% from 2020 to 2027. Fuel dispenser is an important device in fuel stations, which is used to dispense or monitor liquid or gaseous fuel. These are used to pump liquid or gaseous fuels such as petrol, diesel, and natural gas into vehicles, aircrafts, storage tanks, or portable containers. Fuel dispenser system includes various parts including hydraulic, metering and hose/nozzle portions. Design and construction of these systems depend on various factors such as number of grades, volume of business, fuel products, and facility size. Dispensers simultaneously deliver fuel and calculates the price of fuel deliver into the vehicle.
Rapid growth of the automotive industry in developing economies across Asia-Pacific, Europe, and LAMEA is expected to rise demand for fuels, which, in turn, is anticipated to propel growth of the fuel dispenser market during the forecast period. In addition, increase in awareness and adoption of biofuels from consumers across the globe is projected to fuel demand for biofuel dispensers, which is expected to drive growth of the market in coming years. However, rise in demand for electric vehicles and decline in number of petroleum fuel-based stations is anticipated to hamper growth of the market during the forecast period.
The global fuel dispenser market is segmented on the basis of fuel type, dispenser system, flow meter, and region. By fuel type, it is categorized into petroleum fuels, compressed fuels, biofuels, and others. On the basis of dispenser system, it is bifurcated into submersible system and suction system. On the basis of flow meter, it is segmented into mechanical and electronics. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global fuel dispenser industry adopt key strategies to stay competitive in the global fuel dispenser market. Key growth strategies, such as product launches, business expansion, acquisition, and partnerships, are adopted by the key players, including Dover Corporation, Scheidt & Bachmann GmbH, and Bennett Pump Company.
For instance, in October 2020, Scheidt & Bachmann partnered with Intouch.com to digitize fuel retail sites. This partnership aimed at benefiting customers from Intouch.com’s experience and expertise in the field of artificial intelligence.
Fuel Dispenser Market, by Fuel Type
By fuel type, the petroleum fuels segment held the largest market share in 2019, and is expected to hold its position during the forecast period. This is attribute to rise in demand for petroleum fuels such as petrol, diesel, and kerosene from the automotive and transportation industry. In addition, rise in transportation activities, owing to the emerging tourism sector from various economies across the globe is expected to propel demand for petroleum fuels.
By Fuel Type
Petroleum Fuels is projected as the most lucrative segment.
Fuel Dispenser Market, by Dispenser System
On the basis of dispenser system, the submersible segment dominated the global market in 2019, in terms of share, owing to its advantages such as fast fueling, active air elimination, safety & ease of maintenance, simple servicing, and reliability. In addition, initial maintenance and service costs of submersible systems is lower as compared to other systems, which is expected to propel growth of the market during the forecast period.
By Dispenser System
Submersible Dispenser System is projected as the most lucrative segment.
Fuel Dispenser Market, by Flow Meter
By flow meter, in 2019, electronics segment held the largest market share, owing to rise in demand for electronic fuel dispensers attributed to advantages such as high accuracy, reliability, and performance as compared to mechanical fuel dispensers. In addition, technological advancements in fuel dispenser technologies such as online payment, printing, digital measurement, and automated fuel dispensing systems are projected to drive the growth of the electronics fuel dispenser market during the analyzed time frame.
By Flow Meter
Electronics is projected as the most lucrative segment.
Fuel Dispenser Market, by Region
Asia-Pacific registered highest share in the market in 2019, in terms of revenue, and is anticipated to maintain its dominance during the forecast period. This is attributed to large number of key players, consumers, and availability of manufacturing facilities in these countries. In addition, rise in urbanization and industrialization in countries such as China and India has led to rise in demand for fuels, which further drives growth of the market in the region.
By Region
Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.
COVID-19 impact on the market
Lockdowns imposed due to the outbreak of COVID-19 pandemic has resulted in temporary ban on import & export and transportation activities, which has disrupted supply chain. This, in turn, led to decline in growth of the fuel dispenser market in the second, third, and fourth quarter of 2020. However, the market is expected to recover by the first quarter of 2021 as the demand for fuel dispenser from the transport and automobile industry increases.
Key Benefits For Stakeholders
- The report includes in-depth fuel dispenser market analysis of different segments and provides market estimations between 2020 and 2027.
- A comprehensive analysis of the factors that drive and restrict the growth of the global market is provided.
- Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the global market players to adopt effective strategies.
- Estimations and forecast are based on factors impacting the global fuel dispenser market growth, in terms of value.
- Key market players are profiled to gain an understanding of the strategies adopted by them.
- This report provides a detailed analysis of the current global fuel dispenser market trends and future estimations from 2020 to 2027, which helps identify the prevailing market opportunities.
Fuel Dispenser Market Report Highlights
| Aspects | Details |
 By Fuel Type |
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 By Dispenser System |
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 By Flow Meter |
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 By Region |
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Analyst Review
Rise in demand for petroleum-based products from developing economies is expected to drive growth of the market during the forecast period. In addition, rise in awareness and stringent government regulations toward vehicle emissions is anticipated to fuel growth of the biofuels-based fuel dispenser market during. Moreover, increase in demand for electric vehicles is projected to hamper growth of the conventional fuel dispenser market from 2020 to 2027.
Renowned global market leaders such as Bennett Pump Company, Dover Corporation, and Scheidt & Bachmann GmbH are adopting various key growth strategies to strengthen their market position. Furthermore, these companies are focused on product launch, partnership, business expansion, and acquisition to cater to increase in demand for fuel dispensers.
Among the analyzed regions, Asia-Pacific is expected to account for the highest revenue growth rate in the fuel dispenser market throughout the forecast period, followed by North America, Europe, and LAMEA. Rapid urbanization and industrialization are the key factors attributed for growth of Asia-Pacific in the global fuel dispenser market. The region is further expected to provide lucrative opportunities to leading fuel dispenser manufacturers, owing to its huge potential to set up manufacturing plants and surge in demand for fuel dispensers from the growing automobile industry in the region.
Technological advancements and R&D towards highly efficient fuel dispenser systems are the key trends in the fuel dispenser market.
Rise in demand for petroleum fuels and CNG products from the developing economies and rapid growth of dual fuel or hybrid vehicle sector are the key factors boosting the fuel dispenser market.
The report sample for global fuel dispenser market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
Product launch, acquisition, partnership and business expansion are the key growth strategies of fuel dispenser market players.
On the basis of fuel type, petroleum fuels segment will drive the fuel dispenser market growth during the forecast period. On the basis of dispenser system, submersible dispenser system segment will drive the growth of the fuel dispenser market. On the basis of flow meter, electronics fuel dispenser will propel the growth of the market.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
In terms of revenue, the global fuel dispenser market is expected to reach $3.3 billion by 2027.
Top players in the fuel dispenser market are Bennett Pump Company, Korea EnE Co., Ltd., Censtar Science & Technology Corp. Ltd, Beijing SANKI Petroleum Technology Co., Ltd, Scheidt & Bachmann GmbH, Dover Corporation, Zhejiang Lanfeng Machine Co., Ltd, Tatsuno Corporation, Fortive Corporation, and Tominaga Mfg. Company.
The potential customers of fuel dispenser industry include retail fuel stations, factories, industrial fuel stations, and others.
On the basis of region, Asia-Pacific is expected to provide more business opportunities for fuel dispenser in future.
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