The global fuel dispenser market has been witnessing substantial growth in recent years, mainly due to the growth of the automotive industry in various regions. The growing per capita disposable incomes of consumers has also had a positive impact on the overall demand for fuel, as the fuel consumption rate has increased. Many consumers are buying multiple cars, which is leading to the increased consumption of fuel. In many developing nations, there are very few fuel stations and to meet the increasing demand for fuel, new fuel stations are being set up. This has led to the increased demand for fuel dispensers in developing regions. Additionally, the demand for green fuels, like CNG, LNG, and other environment-friendly fuels, is increasing. This has led to an increase in the setting up of CNG, LNG, and other types of fuel stations.
Technavio’s analysts forecast the global fuel dispenser market to grow at a CAGR of 5.36% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global fuel dispenser market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of fuel dispensers.
The market is divided into the following segments based on geography: - APAC - Europe - North America - ROW
Technavio's report, Global Fuel Dispenser 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 vendorsoperating in this market.
Other prominent vendors - Beijing Sanki Petroleum - Bennett Pump - Chengdu Huaqi Houpu Holding - DEM G. SPYRIDES - Scheidt & Bachmann - Tatsuno - Zhejiang Datian machine
Market driver - Increase in number of gas stations - For a full, detailed list, view our report
Market challenge - Decline in number of fuel stations - For a full, detailed list, view our report
Market trend - Updated pumps with EMV technology - 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 vendorsin 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?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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