PUBLISHER: The Business Research Company | PRODUCT CODE: 1664326
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664326
A fuel dispenser, also known as a bowser, gas pump, or petrol pump, is a dispensing machine typically found at filling stations. Its primary function is to create suction by applying varying pressure and to dispense fuel into vehicles, which may include kerosene, ethanol fuel, and various other types of fuels.
The main categories of fuel dispensers include suction systems and submersible systems. A suction system operates by pumping fuel from a storage tank into a dispenser located on a pump island, which then transfers the fuel into a vehicle's tank. These systems incorporate different types of flow meters, such as mechanical and electronic meters, catering to a wide range of applications including petroleum, diesel, biofuel, and other fuel types.
The fuel dispenser market research report is one of a series of new reports from The Business Research Company that provides fuel dispenser market statistics, including fuel dispenser industry global market size, regional shares, competitors with a fuel dispenser market share, detailed fuel dispenser market segments, market trends and opportunities, and any further data you may need to thrive in the fuel dispenser industry. This fuel dispenser market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fuel dispenser market size has grown strongly in recent years. It will grow from $2.66 billion in 2024 to $2.81 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to global economic trends, data and analytics integration, enhanced safety measures, payment system evolution, expansion of fuel stations.
The fuel dispenser market size is expected to see strong growth in the next few years. It will grow to $3.56 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to demand for contactless solutions, regulatory standards, and compliance, rise in mobility solutions, expansion of fueling infrastructure, environmental sustainability. Major trends in the forecast period include adaptability to changing regulations, remote monitoring and management, compatibility with alternative fuels, integration of contactless payment, enhanced user experience.
The fuel dispenser market is expected to experience growth driven by the rising demand for fuel. Fuel, defined as any material substance used for heat or power generation, is dispensed through fuel dispensers, which pump liquid fuels into vehicles, aircraft, storage tanks, or portable containers such as gasoline, diesel fuel, oil, or kerosene. For example, in September 2022, the U.S. Energy Information Administration (EIA) reported global consumption of 99.4 million barrels per day (b/d) of petroleum and liquid fuels in August 2022, marking a 1.6 million b/d increase from August 2021. The projection anticipates a further increase in global fuel consumption, averaging 2.0 million b/d in 2023. Consequently, the growing demand for fuel is a key driver for the fuel dispenser market.
The rapid expansion of the transportation sector is poised to contribute to the growth of the fuel dispenser market. The transportation sector encompasses a broad range of operations and services associated with the movement of goods and individuals. Advanced fuel dispensers, equipped with features such as diverse payment methods, monitoring capabilities, and environmental safeguards, enhance the efficiency, safety, and sustainability of the transportation sector. In August 2022, according to the United States Bureau of Transportation Statistics, the Freight Transportation Services Index (TSI), a measure of the volume of goods handled by for-hire transportation businesses, achieved a new high in June, with a 1.7 percent increase from May. The index also witnessed a 4.6 percent increase from June 2021 to June 2022. Therefore, the rapid expansion of the transportation sector is a significant driver for the fuel dispenser market.
Major companies in the fuel dispenser market are actively focusing on innovative technologies to maintain their market positions. For instance, in June 2022, Dover Fueling Solutions (DFS), a U.S.-based developer of fuel dispensing equipment, launched the ProGauge MagLink LX Plus, a next-generation automatic tank gauge (ATG) console. The MagLink LX Plus introduces several noteworthy upgrades, including intelligent touch and swipe technology for an immersive and interactive user experience. It stands as DFS's most advanced and feature-rich console to date, offering enhanced scalability, versatility, and connectivity. Equipped with intelligent sensors, such as those based on IntelliSense technology, the MagLink LX Plus seamlessly integrates with forecourt equipment. Site owners benefit from increased flexibility in linking consoles, and a unified user interface allows for the monitoring of a broader area.
Major companies in the fuel dispenser market are strategically adopting partnership approaches to introduce innovative self-ordering solutions for convenience stores and gas stations. Strategic partnerships involve leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in August 2023, Dover Fueling Solutions (DFS), a U.S.-based manufacturing company specializing in fuel dispensers and fueling solutions, announced a strategic partnership with GRUBBRR. This collaboration aims to introduce a unique self-ordering solution, DX Market powered by GRUBBRR, on the Wayne Ovation fuel dispenser utilizing the DFS Anthem UX platform. By partnering with GRUBBRR, DFS intends to enhance revenue for gasoline retailers by providing consumers with the convenience of ordering food and browsing for items while pumping gas. The DX Market, powered by GRUBBRR, will enable businesses to offer personalized promotions and upsell opportunities using both video and static content. This cutting-edge experience aligns with customer expectations for more automation and self-service options at gas stations. GRUBBRR, the partner in this collaboration, is a U.S.-based company known for its revolutionary self-ordering technology.
In May 2022, Husky Corporation, a U.S.-based manufacturing company specializing in fuel dispensing products, acquired Kinetic Laboratories Limited for an undisclosed amount. This strategic acquisition integrates the K100 product range, developed by Kinetic Laboratories Limited, into Husky Corporation's existing solutions for clients in the gasoline dispensing, automotive, and transportation industries. The addition of the K100 product line aligns with Husky Corporation's expansion plans. Kinetic Laboratories Limited, the acquired company, is a U.S.-based manufacturer known for the K100 product line of gasoline and diesel fuel treatment additives. This strategic move enhances Husky Corporation's product portfolio and strengthens its position in the market.
Major companies operating in the fuel dispenser market include Dover Fueling Solutions, CenStar Energy Corporation, Zhejiang Lanfeng Machine Co. Ltd., Neotec Ltd., Korea EnE Co. Ltd., Gilbarco Veeder Root, Bennett Pump Company, Beijing Sanki Petroleum Technology Co. Ltd., Zhejiang Datian Machine Co. Ltd., Tominaga Mfg. Co., Tatsuno Corporation, Scheidt & Bachmann GmbH, PIUSI SPA, Jiangsu Furen Group, Wayne Fueling Systems LLC, Zhejiang Genuine Machine Co.Ltd., Zhejiang Yongjia Zhongzheng Machine Co. Ltd., Zhejiang Jiasong Technology Co.Ltd., Zhejiang Koeo Petroleum Machinery Co.Ltd., Guangzhou Senbiao Mechanical Equipment Co.Ltd., Wenzhou Bluesky Energy Technology Co.Ltd., Wenzhou Changlong Fuel Dispenser Manufacture Co. Ltd., Wenzhou Xiaoding Machinery Co.Ltd., Wenzhou Bestfueling Machinery Co.Ltd., Wenzhou Supertech Machine Co.Ltd., Wenzhou Ecotec Energy Equipment Co.Ltd., Wenzhou Bada Machine Co. Ltd., Peltek India
Asia-Pacific was the largest region in the fuel dispenser market in 2024. The regions covered in the fuel dispenser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the fuel dispenser market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fuel dispenser market consists of sales of electric, and high-pressure fuel pumps. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fuel Dispenser Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fuel dispenser market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fuel dispenser ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fuel dispenser market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.