PUBLISHER: The Business Research Company | PRODUCT CODE: 1704432
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704432
Gas station equipment encompasses all hardware and systems necessary for the distribution, storage, and management of fuel at gas stations. This equipment ensures both efficient and safe operations for customers and operators, playing a crucial role in the transportation and energy sectors by facilitating fuel distribution and consumption.
The primary types of equipment in the gas station market include tanks, fuel dispensers, nozzles, pumps, hoses, and parts. Tanks are large, durable containers designed to store and manage fuel at gas stations. These systems are used for various applications, including gasoline, diesel, biofuel, and others, and are utilized by a range of end-users such as contractors, dealers, fleet owners, oil and gas companies, and retail service stations.
The gas station equipment market research report is one of a series of new reports from The Business Research Company that provides gas station equipment market statistics, including the gas station equipment industry global market size, regional shares, competitors with gas station equipment market share, detailed gas station equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the gas station equipment industry. These gas station equipment market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The gas station equipment market size has grown strongly in recent years. It will grow from $6.72 billion in 2024 to $7.17 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to improve ventilation systems in service areas, government regulations, rising fuel demand, investments in infrastructure development, and rural electrification projects.
The gas station equipment market size is expected to see strong growth in the next few years. It will grow to $9.17 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to expansion of hydrogen fueling stations, introduction of multi-fuel Dispensers, enhance safety features, expansion of convenience stores, and introduction of eco-friendly equipment. Major trends in the forecast period include shift to electric vehicles charging stations, renewable energy integration, automated fueling systems, contactless payment systems, and smart tank monitoring systems.
The growth of the gas station equipment market is anticipated to be driven by the expansion of the travel and tourism industry. This industry covers all activities and services related to the movement of people for leisure, business, or other purposes. The expansion is mainly due to better global air travel access, increasing consumer demand for travel experiences, and supportive government policies. Gas station equipment plays a crucial role in supporting this industry by ensuring reliable fuel supplies, enhancing customer convenience, maintaining safety, and providing additional services, which contribute to smooth and efficient travel experiences for tourists. For example, in December 2023, the Australian Bureau of Statistics reported that domestic tourism spending in 2022-2023 rose by $34.9 billion to a total of $124.9 billion, while international tourism spending increased by $17.7 billion to $23.6 billion in chain volume terms. Thus, the growth of the travel and tourism industry is propelling the gas station equipment market.
Leading companies in the gas station equipment market are focusing on innovative products featuring advanced technologies such as artificial intelligence of things (AIoT) to improve operational efficiency, enhance customer experience, and optimize fuel management systems. AIoT enhances gas station equipment by enabling predictive maintenance, optimizing fuel management, and providing data analytics for better decision-making. For instance, in May 2024, Beijing Sanki Petroleum Technology Co. Ltd., a China-based manufacturer, introduced its Skyline AIoT fuel dispenser series at UNITI Expo 2024. This series includes AIoT fuel dispensers with integrated cloud services, advanced connectivity, and versatile payment options. Key features of the Skyline fuel dispenser include a vending and fueling combo functionality, an ultra-bright 43-inch industrial-grade touch screen, and AIoT-integrated cloud service and management capabilities.
In April 2022, Iwatani Corporation, a Japan-based industrial gas company, acquired Tokico System Solutions for an undisclosed amount. This acquisition aims to boost Iwatani Corporation's energy and hydrogen infrastructure capabilities by leveraging Tokico System Solutions' expertise in these areas for strategic growth. Tokico System Solutions is a Japan-based manufacturer specializing in equipment and systems for gas stations.
Major companies operating in the gas station equipment market are Dover Corporation, Gilbarco Inc., Franklin Fueling Systems LLC, MADIC Group, Censtar Science & Technology Corp. Ltd, Scheidt & Bachmann GmbH, Beijing Sanki Petroleum Technology Co. Ltd., Mepsan A.S., Husky Corporation, Syntech Systems Inc., Piusi S.p.A., Bennett Pump Company, Krampitz Tanksystem GmbH, TECALEMIT Inc., Catlow Inc., Tatsuno Corporation, Blue1 Energy Equipment, Lumen Instruments, Zhejiang Datian Machine Co. Ltd., ELAFLEX HIBY GmbH & Co., Peltek India, Shenzhen Kaisai Electric Motor Co. Ltd., Lanfeng Technology Inc., Sanki Technology Co. Ltd., NEOTEC
Asia-Pacific was the largest region in the gas station equipment market in 2024. The regions covered in the gas station equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the gas station equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The gas station equipment market consists of sales of fuel dispensing systems, monitoring systems, meters, and equipment for convenience stores. 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.
Gas Station Equipment 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 gas station equipment 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 gas station equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gas station equipment 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.
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