With the slowdown in world economic growth, the Fuel Dispensers industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Fuel Dispensers market size to maintain the average annual growth rate of 15 from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Fuel Dispensers market size will be further expanded, we expect that by 2023, The market size of the Fuel Dispensers will reach XXX million $.
Overview
A fuel dispenser is a machine at filling stations used to pump petrol, gasoline, CNG, LHR, ethanol fuel, biofuels, etc. into vehicles. Fuel pumps are also known as petrol pumps or gas pumps or bowsers. Fuel nozzles are attached to the pump via flexible hoses, which allows them to be placed into the vehicle’s filling inlet. The global fuel dispenser market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global fuel dispenser market is expected to witness significant growth during the forecast period, owing to increasing consumption of petroleum products in emerging economies.
Market Driver
Increasing need to provide seamless customer experience is expected to drive growth of the global fuel dispenser market during the forecast period. Currently, available fuel dispensers are efficient and provide rapid filling of gasoline into the vehicle. These dispensers are user-friendly and highly precise at dispensing fuel. Furthermore, technological advancements in fuel dispenser equipment allows to offer a seamless experience to customers. Thus, these factors are expected to drive growth of the global fuel dispenser market during the forecast period. Furthermore, increasing consumption of petroleum products in emerging economies such as India, China, Brazil, and Indonesia is expected to propel the global fuel dispenser market growth over the forecast period.
Market Restraint
Rising sales of electric vehicles lead to the declining number of fuel stations is expected to hamper the global fuel dispenser market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global fuel dispenser market during the forecast period. This is owing to rise in disposable income and increasing number of passenger vehicle fleet across the region. Furthermore, Europe is expected to register a lucrative growth rate over the forecast period, owing to rising demand for fuel dispensers in Germany and the U.K.
Competitive Section
Major players operating in the global fuel dispenser market are Gilbarco Inc., Beijing Sanki Petroleum Technology Co., Ltd, Bennett Pump Company, Piusi SpA, Tominaga Mfg Co., Tatsuno Corporation, NEOTEC, LanFeng Co., Ltd, and Korea ENE Co., Ltd.
Major market players are focused on mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in June 2018, Gilbarco Inc., doing business as Gilbarco Veeder-Root, acquired Midco Limited, a designer and manufacturer of fuel dispensers and related fueling station equipment.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information,
Section 1: Definition
Section (2 3): Manufacturer Detail
Dover Corporation
Gilbarco
Tatsuno
Tominaga Mfg
Scheidt-bachmann
Korea EnE
Bennett Pump
Censtar
Jiangyin Furen High-Tech
Sanki
Lanfeng Machine
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
General Fuel Dispenser
Self-Service Fuel Dispenser
Industry Segmentation
For Gasoline
For Diesel
For Biofuel
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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