Fuel Dispenser Companies
Specializing in fuel dispensing solutions, these companies manufacture pumps and equipment for efficiently and safely filling vehicles with various types of fuel, including gasoline and diesel.
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*Disclaimer: List of key companies in no particular order
Top listed global companies in the industry are:
- Gilbarco Inc. (US)
- Dover Fueling Solutions (US)
- Tatsuno Corporation (Japan)
- Bennett Pump Company (US)
- Scheidt & Bachmann Tubs d.o.o. (Croatia)
- NEOTEC (Greece)
- LanFeng Co. Ltd (China)
- Piusi SpA (Italy)
- Beijing Sanki Petroleum Technology Co. Ltd (China)
- Censtar Science & Technology Corp. Ltd (China)
- Tominaga Mfg. Co. (Japan)
- Korea EnE Co. Ltd (Seoul)
- Zhejiang Datian Machine Co. Ltd (China), among others
Pumped Up Competition: Navigating the Fuel Dispenser Market Landscape
The global fuel dispenser market is a fiercely contested arena where established players battle it out for dominance. Understanding the strategies fueling this competition, the factors determining market share, and emerging trends is crucial for navigating this dynamic landscape.
Key Players and their Strategies:
- Global Goliaths: Giants like Dover Fueling Solutions and Gilbarco Veeder-Root leverage their extensive product portfolios, global reach, and brand recognition to maintain a significant market share. Dover caters to diverse fueling needs with its expansive dispenser brands, while Gilbarco focuses on advanced features and integration with station management systems.
- Regional Champions: Companies like Tokheim and CENOZOIC dominate specific geographies by tailoring solutions to regional regulations and fuel types. Tokheim excels in Europe with its advanced diesel dispensers, while CENOZOIC caters to China's growing demand for ethanol and LPG dispensers.
- Technology Trailblazers: Startups like OPW and Tri-Star Automation are disrupting the market with innovative approaches. OPW focuses on smart dispensers with integrated payment systems and remote monitoring, while Tri-Star Automation pushes the boundaries of automation with robotic refueling solutions.
Factors for Market Share Analysis:
- Product Breadth and Depth: Offering a variety of dispensers for different fuel types, flow rates, and functionalities caters to diverse customer needs and expands market reach.
- Technological Innovation: Integrating advanced features like contactless payment, vapor recovery systems, and real-time data monitoring enhances efficiency, security, and environmental compliance. Gilbarco's Passport payment system exemplifies this.
- Cost-Effectiveness and ROI: Balancing advanced features with affordability is crucial, especially in budget-conscious segments. CENOZOIC's cost-effective dispensers have secured a strong foothold in emerging markets.
- After-Sales Service and Support: Offering reliable and readily available after-sales service, including maintenance, spare parts, and technical support, fosters customer loyalty and market penetration. Dover excels in this area with its extensive service network.
Emerging Trends and Company Strategies:
- Smart Dispensers: Integrating sensors, communication modules, and AI into dispensers enables real-time performance monitoring, predictive maintenance, and data-driven insights for fuel station management. OPW's smart dispensers exemplify this trend.
- Demand for Alternative Fuels: Growing adoption of electric vehicles and biofuels is driving the development of dispensers for these alternative fueling solutions. Tri-Star Automation's robotic EV charging platforms cater to this emerging need.
- Focus on Sustainability: Reducing fuel spills, minimizing emissions, and integrating energy-efficient components are gaining traction. Gilbarco's vapor recovery systems exemplify this commitment.
- Emphasis on Customer Experience: Enhancing user experience with touchscreen interfaces, intuitive payment systems, and loyalty programs attracts and retains customers. Dover's user-friendly dispensers with integrated loyalty programs illustrate this approach.
Overall Competitive Scenario:
The fuel dispenser market presents a dynamic landscape where global giants face challenges from regional specialists and technology-driven startups. Success hinges on offering diverse product portfolios, embracing technological advancements, prioritizing user experience, and adapting to evolving trends like alternative fuels and sustainable practices. Companies demonstrating agility, cost-effectiveness, and a commitment to innovation hold a strong hand in navigating this fueling competition.Latest Company Updates:
October 2023
Veeder-Root, a global pioneer in environmental systems technology and fuel management, and NOV, a major global manufacturer for the energy sector, announced their alliance to increase accessibility to forecourt equipment. Site owners and operators can use the Veeder-Root and NOV financing bundle programme to purchase their whole forecourt site equipment at Patriot Capital prices. This package is intended to help clients who have single-wall tanks or site owners and operators who need to replace their outdated equipment.
August 2023
According to a press release, Dover Fueling Solutions, a global supplier of customer-focused technologies to the fuel and convenience retail industries, has partnered with Grubbrr, a provider of self-ordering technology, to introduce DX Market, a self-ordering solution, on the Wayne Ovation fuel dispenser.
Retailers will be able to give consumers the convenience of placing meal orders and doing their shopping while filling up their petrol tanks thanks to the partnership.
Grubbrr-powered DX Market will also let shops provide bespoke promos and upsell possibilities using static and video content.
June 2023
The Wayne Company has introduced the Wayne Helix 6000 II CNG fuel dispenser, designed to efficiently and effectively distribute CNG on any forecourt. This model uses decades' worth of hydraulic engineering to provide a safe and reliable refuelling process, making it perfect for heavy-duty transport and retail vehicles.
Application areas for the Helix 6000 II CNG fuel dispenser include retail and LGV (large goods vehicle). With one or two nozzles on each side and a multitude of possible configurations, this dispenser can satisfy even the most exacting forecourt requirements.
Fuel Dispenser Market Highlights:
Global Fuel Dispenser Market Overview
The fuel dispenser market industry is projected to grow from USD 2,407.2 in 2023 to USD 3904.14 by 2032, exhibiting a compound annual growth rate (CAGR) of 5.82% during the forecast period (2024 - 2032). The fuel dispenser market size was valued at USD 2281.27 in 2022. Increasing awareness of biofuels among the general population boosts the market growth. To promote the use of hydrogen and compressed natural gas-fueled vehicles, governments in both developed and developing economies are implementing favorable policies and offering subsidies are the key market drivers enhancing market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Fuel Dispenser Market Trends
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Automotive industry is experiencing a rise in the use of cost-effective alternative fuels to boost the market growth
For cost-effectiveness, fuel efficiency, and emission control, alternative fuels are increasingly used in the automotive industry, leading to their growth. Compared to the volatility of petroleum product prices, CNG and LPG vehicles are growing rapidly in developing countries due to their lower costs. Furthermore, vehicles powered by CNG and LPG are considered green alternatives to petroleum-operated vehicles. For the fifth consecutive year, automakers in the U.S. sold more than 17 million vehicles, according to Bloomberg data 2020. New vehicle sales were predicted to reach 16.7 million to 16.9 million units in 2019. Accordingly, reaching estimated sales targets is expected to boost the automotive industry's growth trajectory, leading to further demand for these dispensers.
Improved thermal efficiency of internal combustion engines reduces emissions while at the same time mitigating poor efficiency of single-fuel vehicles. Dual-fuel vehicles can operate interchangeably with natural gas and diesel fuel. Because petroleum products are depleting, people are turning to alternative technologies such as electric and hybrid vehicles. This will drive the market growth of dual-fuel and hybrid vehicles.
In order to boost market growth, technologically advanced fuel dispensers are required. Advanced fuel dispensers enable more vehicles to be pumped at once. The device includes a scanner, customer identification keypad, video screen, barcode, and magnetic card terminal to provide more precise and reliable metering and refuelling. Moreover, key players are increasingly developing more sophisticated products to improve customer experience, such as customizable fuel dispensers. Hence, technologically advanced dispensers are expected to enhance the fuel dispenser market CAGR ly in recent years.
However, developing electronic embedded dispensing systems, for example, is another growth-inducing factor. It is also becoming increasingly common for manufacturers to provide smart retail management solutions to consumers through the incorporation of artificial intelligence (AI), machine learning (ML), cloud computing, and IoT-based platforms are other factors driving the growth of the fuel dispenser market revenue.
Fuel Dispenser Market Segment Insights
Fuel Dispenser Type Insights
The fuel dispenser market segmentation, based on type, includes submersible and suction. The submersible fuel dispenser segment held the majority share in 2021, contributing to around ~65-67% of the fuel dispenser market revenue. A submersible system segment would be driven by low maintenance, installation, and service costs due to its single-pressure outlet connecting the dispensing units in the refilling station. These factors would drive a submersible system segment in the near future.
Fuel Dispenser Application Insights
The fuel dispenser market segmentation, based on application, includes petrol, diesel, biofuel, and others. The petrol segment dominated the fuel dispenser market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Since industrial and commercial energy demand is growing, petrol and gasoline are primarily used due to their wide application in mechanical engines, power generators, mobile drives, locomotives, construction equipment, automobiles, and many other industrial applications. Hence, rising applications of petrol for fuel dispenser positively impacts the market growth. Diesel is predicted to hold the second-largest market share.
Figure 2: Fuel Dispenser Market, by Application, 2023 & 2030 (USD Million)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Increasing environmental concerns and high volatility in oil prices are expected to boost the biofuel segment's market share. In addition to providing high auto-ignition temperatures, low operational costs and less lubrication, CNG is also safer than petrol and diesel, and it is environmentally friendly at the same time.
Fuel Dispenser Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific fuel dispenser market accounted for USD xx billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. The government of China, India, and other developing economies are focused on reducing the harmful effects of vehicle emissions on the environment and increasing the price of gasoline, which will help to increase the demand for natural gas vehicles. By 2025, Volkswagen aims to sell 1 million CNG vehicles and expand the number of CNG filling stations from 900 to 2,000 in Europe, for example. Volkswagen has committed to fueling CNG vehicles with CNG by 2025.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: FUEL DISPENSER MARKET SHARE BY REGION 2021 (%)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
North America's fuel dispenser market accounts for the second-largest market share. The market growth is attributed to the increase in new vehicle sales, forecasted to reach 16.7 million to 17.1 million vehicles in the United States by 2025, with the growth of CNG stations contributing as well. The CNG filling station near the Port of Savannah in Georgia will be constructed and maintained by 2021 under a joint venture agreement between Chesapeake Utilities Corporation and Atlanta Gas Light (AGL). Further, the U.S. fuel dispenser market held the largest market share, and the Canadian fuel dispenser market was the fastest-growing market in the North American region
The Europe fuel dispenser market is expected to grow at the fastest CAGR from 2022 to 2030. Natural gas is considered the cleanest fuel in Europe, so many vehicles use it. There are 868 CNG stations in Germany, Italy, the Netherlands, Russia, and Ukraine, with 176, 235, and 207 CNG stations, respectively. By 2030, the European Union plans to reduce carbon emissions by 30% using natural gas vehicles. Therefore, USD 179.17 million is being invested in developing CNG stations. Moreover, the German fuel dispenser market held the largest market share, and the UK fuel dispenser market was the fastest-growing market in the Asia-Pacific region
Fuel Dispenser Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the fuel dispenser market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key fuel dispenser market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the fuel dispenser industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies manufacturers adopt in the fuel dispenser industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. The fuel dispenser industry has provided medicine with some of the most significant benefits in recent years. The fuel dispenser market major player such as Gilbarco Inc. (US), Dover Fueling Solutions (US), Tatsuno Corporation (Japan), and others are working on expanding the fuel dispenser market demand by investing in research and development activities.
The Gilbarco Inc. company designs and manufactures petroleum retail management systems. Among the products offered by the company are fuel dispensers, point-of-sale systems, tank gauges, payment systems, digital merchandising products, food service ordering and monitoring systems, intelligent device management systems and software, and fleet management systems. In June 2019, an agreement was signed between Gilbarco Veeder-Root and Midco Limited. Midco Limited designs and manufactures fuel dispensers and other equipment related to fuel stations.
Also, a subsidiary of Dover Corporation, As well as ClearView, Fairbanks, OPW Fuel Management Systems, ProGauge, Tokheim, and Wayne Fueling Systems, Dover Fueling Solutions ("DFS") offers advanced fuel dispensing equipment, electronic payment systems, automatic tank gauges, and wet stock management systems to customers throughout the world. In addition to its headquarters in Austin, Texas, DFS has facilities in Brazil, China, India, Italy, Poland, the UK, and the US, where it manufactures and develops technology. In April 2021, for the provision of Shell's site automation with Tokheim Fuel POS, Dover Fuelling Solution (DFS) won a contract. It involves demonstrating the Tokheim Fuel POS point-of-sale system with an easy touchscreen interface that can communicate with dispensers, payments, CCTV, electric vehicle charging, and others.
Key Companies in the Fuel Dispenser market include
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Gilbarco Inc. (US)
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Dover Fueling Solutions (US)
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Tatsuno Corporation (Japan)
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Bennett Pump Company (US)
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Scheidt & Bachmann Tubs d.o.o. (Croatia)
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NEOTEC (Greece)
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LanFeng Co. Ltd (China)
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Piusi SpA (Italy)
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Beijing Sanki Petroleum Technology Co. Ltd (China)
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Censtar Science & Technology Corp. Ltd (China)
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Tominaga Mfg. Co. (Japan)
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Korea EnE Co. Ltd (Seoul)
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Zhejiang Datian Machine Co. Ltd (China), among others
Fuel Dispenser Industry Developments
February 2021 With Pyramid Computer GmBH, Scheidt & Bachmann GmBH offers self-checkout solutions at retail fuel sites. This includes the installation of modern kiosks and the improvement of the customer experience by reducing waiting times.
November 2020 The Bennett Pacific dispensers are equipped with EMV-compatible chip cards and NFC technology, which allows Harmons to develop a custom solution for transferring sales information.
Fuel Dispenser Market Segmentation
Fuel Dispenser Product Outlook
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General Fuel Dispenser
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Self-Service Fuel Dispenser
Fuel Dispenser Type Outlook
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Submersible
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Suction
Fuel Dispenser Application Outlook
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Petrol
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Diesel
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Biofuel
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Others
Fuel Dispenser Regional Outlook
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North America- US
- Canada
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Europe- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Rest of the World- Middle East
- Africa
- Latin America
Fuel Dispenser Market Highlights:
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