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Global Hanging Hardware Market for Fueling Systems 2017-2021

Global Hanging Hardware Market for Fueling Systems 2017-2021

About Hanging Hardware for Fueling Systems

Hanging hardware is used in fuel dispensers for filling vehicle tanks. It includes a hose that extends from the dispenser, terminating in a fuel delivery nozzle. Fuel retail companies are required to constantly optimize their services to ensure their profitability along with increasing their market shares. Considering the high volatility of crude oil prices, it becomes difficult to anticipate the market and take precautionary measures.

Technavio’s analysts forecast the global hanging hardware market for fueling systems to grow at a CAGR of 3.03% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global hanging hardware market for fueling systems for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hanging Hardware Market for Fueling Systems 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
  • Dover Corporation
  • Franklin Fueling Systems
  • Gilbarco
Other prominent vendors
  • Blue1USA
  • Husky
  • IRPCO
  • RBM Company
  • U-Fuel
  • Willborn
Market driver
  • Increasing vehicular sales
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in crude oil prices
  • For a full, detailed list, view our report
Market trend
  • Growing fleet of CNG vehicles
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Hanging Hardware Market for Fueling Systems 2017-2021

Technavio recognizes the following companies as the key players in the global hanging hardware market for fueling systems: Dover Corporation, Franklin Fueling Systems, and Gilbarco.

Other Prominent Vendors in the market are: Blue1USA, Husky, IRPCO, RBM Company, U-Fuel, and Willborn.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing fleet of CNG vehicles. Natural gas is an alternative fuel for vehicles and other applications, such as cooking, and is gaining importance. The adoption of natural gas is rising, with an increasing number of customers opting for natural gas fueled vehicles.”

According to the report, one driver in the market is increasing vehicular sales. The demand for passenger and commercial cars is rising in emerging countries, such as India, Brazil, and China, due to the rising purchasing power of consumers, accompanied by substantial economic growth. The growth in emerging markets, in step with global trade activity and ongoing industrialization especially in BRIC countries, has been significant. China has maintained its position as the world's largest automotive market in recent years. Similarly, the automobile market in India is highly dynamic in nature and is growing rapidly.

Further, the report states that one challenge in the market is fluctuations in crude oil prices. Fluctuations in crude prices since mid-2014 has been putting additional pressure on the oil and gas sector. The upstream sector, comprising of drilling and production companies, has been severely affected. According to the U.S. Energy Information Administration, crude oil, which was once trading at $110/bbl in June 2014 fell to $27/bbl in January 2016. With the fall in crude oil prices, oil field service companies were impacted as oil well owners pressurized service providers to reduce their cost for upstream operations.

Companies Mentioned

Dover Corporation, Franklin Fueling Systems, Gilbarco, Blue1USA, Husky, IRPCO, RBM Company, U-Fuel, and Willborn.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Factors contributing to low crude oil prices
      • Table Sections of a hanging hardware
  • Market landscape
    • Market overview
      • Table Global hanging hardware market for fueling systems 2017-2021
    • Market size and forecast
      • Table Global hanging hardware market for fueling systems 2016-2021 ($ millions)
      • Table Impact of crude oil price on share price of upstream and downstream companies
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global hanging hardware market for fueling systems by end-user
      • Table Global hanging hardware market for fueling systems 2016 and 2021 (%)
    • Global hanging hardware market for fueling systems by diesel and petrol station
      • Table Global hanging hardware market for fueling systems by diesel and petrol station 2016-2021 ($ millions)
    • Global hanging hardware market for fueling systems by natural gas station
      • Table Global hanging hardware market for fueling systems by natural gas station 2016-2021 ($ millions)
  • Geographical segmentation
    • Global hanging hardware market for fueling systems by geography
      • Table Global hanging hardware market for fueling systems by geography 2016 and 2021 (%)
    • Hanging hardware market for fueling systems in APAC
      • Table Hanging hardware market for fueling systems in APAC 2016-2021 ($ millions)
    • Hanging hardware market for fueling systems in Americas
      • Table Hanging hardware market for fueling systems in Americas 2016-2021 ($ millions)
    • Hanging hardware market for fueling systems in EMEA
      • Table Hanging hardware market for fueling systems in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Major retail fuel price determination methods
      • Table Global liquid fuel consumption 2012-2021 (mbpd)
      • Table Increase in consumption of petrol/diesel in India (2013-2016)
      • Table Total automobile production (unit million) 2012-2021
    • Market challenges
      • Table Global crude oil price 2012-2017 ($/bbl)
      • Table Drivers for EVs market
      • Table Total new registration of EVs (BEV and PHEV) 2005-2016 (unit thousands)
      • Table Key highlights – Railways
  • Market trends
    • Growing fleet of CNG vehicles
      • Table Advantages of natural gas as a vehicular fuel
      • Table Share of NGVs by region 2012 and 2016 (%)
      • Table Share of natural gas fueling stations by region 2012 and 2016 (%)
    • Solar powered fuel stations
    • Growth of EV in China
      • Table China's electric car stock (BEV and PHEV) 2010-2016 (thousands)
  • Vendor landscape
    • Competitive landscape
      • Table Key sections of ORVR hanging hardware system
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Gilbarco
      • Table Key product offerings
      • Table Recent developments
    • Dover Corporation
      • Table Dover: Key Brands
      • Table Key product offerings
      • Table Wayne Fueling Systems: Product offerings
      • Table Recent developments
    • Franklin Fueling Systems
      • Table Key product offerings
      • Table Key vendor offerings
      • Table Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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