Fuel Management System Market Report: Trends, Forecast and Competitive Analysis to 2030

Fuel Management System Trends and Forecast

The future of the global fuel management system market looks promising with opportunities in the mining and construction, military & defense, oil & gas, and transportation and logistics markets. The global fuel management system market is expected to reach an estimated $713 million by 2030 with a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are introduction of fuel management systems that are both technologically advanced and affordable, rise in the total amount of energy consumed and fluctuations in the price of fuel globally, along with quick improvements in the infrastructure of transportation.

A more than 150-page report is developed to help in your business decisions.

Fuel Management System by Segment

The study includes a forecast for the global fuel management system by offering, application, end use, and region.

Fuel Management System Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Fuel Management System Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Fuel Storage Monitoring
• Access Control and Fuel Dispensing

Fuel Management System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Mining and Construction
• Military & Defense
• Oil & Gas
• Transportation and Logistics
• Others

Fuel Management System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Fuel Management System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fuel management system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fuel management system companies profiled in this report include-

• Gilbarco Veeder-Root
• Dover
• Franklin Fueling Systems
• PIUSI
• Triscan Group
• HID Global
• Multiforce Systems
• Road Track
• Banlaw
• Fluid Management Technology

Fuel Management System Market Insights

Lucintel forecasts that access control and fuel dispensing will remain the larger segment over the forecast period due to the ability of fuel management systems to decrease fuel waste or abuse and remove the possibility of fuelling mistakes.

North America will remain the largest region over the forecast period due to the widespread use of fuel management systems in the United States.

Features of the Global Fuel Management System Market

Market Size Estimates: Fuel management system market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Fuel management system market size by offering, application, end use, and region in terms of value ($M).

Regional Analysis: Fuel management system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different offering, application, end use, and regions for the fuel management system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fuel management system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the fuel management system market size?

Answer: The global fuel management system market is expected to reach an estimated $713 million by 2030.

Q2. What is the growth forecast for fuel management system market?

Answer: The global fuel management system market is expected to grow with a CAGR of 6.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the fuel management system market?

Answer: The major drivers for this market are introduction of fuel management systems that are both technologically advanced and affordable, rise in the total amount of energy consumed and fluctuations in the price of fuel globally, along with quick improvements in the infrastructure of transportation.

Q4. What are the major segments for fuel management system market?

Answer: The future of the global fuel management system market looks promising with opportunities in the mining and construction, military & defense, oil & gas, and transportation and logistics markets.

Q5. Who are the key fuel management system market companies?

Answer: Some of the key fuel management system companies are as follows:

• Gilbarco Veeder-Root
• Dover
• Franklin Fueling Systems
• PIUSI
• Triscan Group
• HID Global
• Multiforce Systems
• Road Track
• Banlaw
• Fluid Management Technology

Q6. Which fuel management system market segment will be the largest in future?

Answer: Lucintel forecasts that access control and fuel dispensing will remain the larger segment over the forecast period due to the ability of fuel management systems to decrease fuel waste or abuse and remove the possibility of fuelling mistakes.

Q7. In fuel management system market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the widespread use of fuel management systems in the United States.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the fuel management system market by offering (hardware, software, and services), application (fuel storage monitoring and access control and fuel dispensing), end use (mining and construction, military & defense, oil & gas, transportation and logistics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?