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Global Gas Station Equipment Market 2017-2021

About Gas Station Equipment

A gas station is a facility where fuels like petrol, diesel, LNG, and CNG are sold. Gas station equipment include fuel dispensers, fuel tanks, fuel pumps, filters, and others. Some gas stations also have convenience stores where people can buy food, beverages, and other items.

Technavio’s analysts forecast the global gas station equipment market to grow at a CAGR of 5.56% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global gas station equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the new installations.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Gas Station Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Gilbarco Veeder-Root
  • Censtar
  • Dover Corporation
Other prominent vendors
  • Beijing Sanki Petroleum
  • Bennett Pump
  • Chengdu Huaqi Houpu Holding
  • Dem. G. Spyrides
  • Scheidt & Bachmann
  • Tatsuno
  • Wayne Fueling Systems
  • Zhejiang Datian machine
Market driver
  • Increased national and international transportation
  • For a full, detailed list, view our report
Market challenge
  • Rise of electric vehicles
  • For a full, detailed list, view our report
Market trend
  • Growth of technologically advanced fuel dispensers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Gas Station Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global gas station equipment market: Gilbarco Veeder-Root, Censtar, and Dover Corporation.

Other Prominent Vendors in the market are: Beijing Sanki Petroleum, Bennett Pump, Chengdu Huaqi Houpu Holding, Dem. G. Spyrides, Scheidt & Bachmann, Tatsuno, Wayne Fueling Systems, and Zhejiang Datian machine.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growth of technologically advanced fuel dispensers. Manufacturers are introducing many advanced fuel dispensers in the market. These new fuel dispensers have interactive video screen, scanner, customer identification keypad, bar coding, and magnetic card terminal. By using magnetic card terminals, the staff at the fuel station do not need to carry additional credit/debit card machines. Some fuel dispensers also have the facility to identify and record the details of customers.”

According to the report, one of the major drivers for this market is increased national and international transportation. The global logistics market is expected to grow at a rapid pace during the forecast period. The growth is mainly driven by the increase in import and export activities. Companies in major countries like the US, the UK, Germany, and China are outsourcing manufacturing to countries where lower costs are incurred. These countries have also recorded an increase in domestic consumption. Also, the huge demand requires manufacturers to import and export their raw materials and finished goods worldwide.

Further, the report states that one of the major factors hindering the growth of this market is rise of electric vehicles. The demand for EVs is increasing globally. Nearly 6,500 electric cars are sold in the US every month. Tesla, one of the major electric car manufacturers, has already taken orders for more than 370,000 of Model 3. The increasing demand for petrol and decreasing oil resources have led many governments to encourage the sales of electric cars by providing incentives and discounts.

Companies Mentioned

Gilbarco Veeder-Root, Censtar, Dover Corporation, Beijing Sanki Petroleum, Bennett Pump, Chengdu Huaqi Houpu Holding, Dem. G. Spyrides, Scheidt & Bachmann, Tatsuno, Wayne Fueling Systems, Zhejiang Datian machine.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Growth of fuel dispenser market by geography 2017-2021
  • Market landscape
    • Market overview
      • Table Global gas station equipment market by geography
    • Market size and forecast
      • Table GDP growth rate in different regions 2015
      • Table Medium-term annual real GDP growth rates 2014-2020 (%)
      • Table Fuel stations by fuel type in US 2002-2016 (units)
      • Table Electric vehicle market in select countries 2011-2015 (units in thousands)
      • Table Global gas station equipment market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Product segmentation
    • Overview
      • Table Global gas station equipment market by product share 2016 (%)
  • Geographical segmentation
    • Market overview
      • Table Global gas station equipment market by geography 2016 and 2021
    • Gas station equipment market in North America
      • Table Passenger car sales in North America 1990-2016 (millions of units)
      • Table Travel of vehicle on all roads and streets in US (units in miles)
      • Table Number of convenience stores selling oil in US 2015 (units)
      • Table Gas station equipment market in North America 2016-2021 ($ billions)
      • Table Electric cars sales in North America 2011-2015 (units)
    • Gas station equipment market in Europe
      • Table Disposable income in various countries of Europe 2012-2015 (net annual growth rate)
      • Table Number of licensed vehicles in UK and Great Britain (thousands of units)
      • Table Number of natural gas vehicles in EU-28 and European Free Trade Association (thousands of units)
      • Table Gas station equipment market in Europe 2016-2021 ($ billions)
      • Table Plug-in Electric Vehicle volumes and annual sales in Europe 2013-2016 (units in thousands)
    • Gas station equipment market in APAC
      • Table Gas station equipment market in APAC 2016-2021 ($ billions)
    • Gas station equipment market in ROW
      • Table Gas station equipment market in ROW 2016-2021 ($ billions)
  • Market drivers
    • Increased number of gas stations
      • Table Global car sales (millions of units)
    • Increased inbound and outbound tourism
      • Table International tourism growth rate by region 2016 compared with 2015
    • Increased national and international transportation
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Decline in number of gas stations
      • Table Gross margin and retail price of fuel in US January-December 2015
    • Rise of electric vehicles
    • High set up cost
      • Table Cost break up of setting up a gas station in US
      • Table Estimated operating of fuel stations in US
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growth of technologically advanced fuel dispensers
    • Advancement of pumps with EMV technology
  • Vendor landscape
    • Overview
    • Gilbarco Veeder-Root
    • Censtar
    • Dover Corporation
    • Other prominent vendors
  • Appendix
    • List of abbreviation
  • Explore Technavio

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