Fuel Dispenser Market

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.

The COVID-19 outbreak has impacted negatively on the global fuel dispenser market. This is attributed to temporary ban on the import & export and transportation activities, thereby disrupted the supply chain and fuel demand.

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.

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.

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.

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.

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