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Asia Pacific Fuel Dispenser Market Size 2018-2024 | Industry Report

Asia Pacific Fuel Dispenser Market Analysis Report By Technology, By Application And Segment Forecast From 2018 To 2024

Report ID: MN17619685  |  Published: May 2020  |  No of Pages: 90
Format: Electronic (PDF)  |  Industry: Automotive & Transport  |  Publisher: Grand View Research

Industry Insights

The Asia Pacific fuel dispenser market size was accounted for USD 1.04 billion, in 2015. Factors such as rapid urbanization, rising demand for personal vehicles, increasing per capita income and booming of the shale gas industry are projected to fuel the growth of the market over the estimated period. The automotive industry is experiencing substantial growth in both developed and developing nations such as India and China in the recent past. This has resulted in surging the demand for fueling spots and fuel dispensing systems across the regions, thereby, it is predicted to augment the demand for the product over the estimated duration.

The technological innovations in the industry are predicted to propel the market, as new dispensers are being used instead of old ones. The application of electronically equipped dispensers is anticipated to grow in the upcoming years. Also, existing conventional systems are converted into digital systems, which is further predicted to create a demand for advanced products offering improved performance. The shifting preference for high-end and efficient products is anticipated to bode well for the market growth in the coming years.

China fuel dispenser market revenue

The automotive industry is projected to witness considerable growth owing to increasing demand from end-users. Increasing purchasing power of customers is anticipated to boost the demand for personal vehicles, which, in turn, is predicted to supplement the demand for dispensing systems and fueling spots. Technology is the prime factor for competition in the market. Manufacturers are emphasizing on the use of advanced technology to encourage long-term business partnerships with various established buyers. This trend is projected to drive the market over the forecast period.

Leading players have expanded their supply and distribution facilities in the neighboring regions. Manufacturers are using cost competitiveness to drive buyers’ purchase decisions. The use of aluminum, as it is lightweight and non-corrosive, makes it suitable for making nozzles. These properties of aluminum are projected to make it a favorable component in the automotive industry.

Application Insights

Petrol/gasoline is predicted to lead the Asia Pacific fuel dispenser market, holding for more than a 48% share in revenue in 2015. The automotive industry is expanding substantially in emerging countries such as Bangladesh, China, Sri Lanka, and India. Various industries such as mining, automotive, and remote industries are extensively demanding fuel in the region. Further, increasing disposable income of customers resulting in shifting preference for personal vehicles. This factor is also expected to drive the market in the upcoming years.

Over the past few years, the demand for petrol is rising due to the increasing usage of motor vehicles and rising per capita income. The growing demand for vehicles running on diesel or petrol is predicted to fuel the industry expansion in the upcoming years. However, a tough competition for these vehicles is poised from growing number of vehicles operating on CNG or hydrogen, particularly in countries such as China, India, and Japan. This factor is anticipated to slow the growth of dispensing systems over the forecast duration.

The CNG segment is projected to dominate the market due to shifting customer preference for sustainable fuels. China and India have been trying to control their carbon emissions from past many years. The use of diesel and petrol vehicles releases a large amount of harmful gases, which adversely affect the environment. The government is promoting the use of CNG to reduce the emission of gases and protecting the environment from degradation. This is anticipated to boost the sales of CNG dispensers in the upcoming years.

Technology Insights

Submersible dispensers are predicted to lead the segment over the estimated duration. This technology is widely preferred in the industry due to its long-life, economical and low maintenance cost. This segment held more than 80% of the market share in 2015. These systems make use of a pump fused in the tank, which transports fuel to the systems operating in the station.

Asia Pacific fuel dispenser market revenue

Suction dispensers are foreseeing slow growth due to high prices, and high maintenance and installation cost. Suchdispenser offers greater efficiency over submersible pumps as they have high suction speed. Moreover, these systems are capable of functioning even when the suction pump fails as many single suctions pump are functional. However, complex systems and high costs of repairs are predicted to suppress the market growth over the forecast years.

Regional Insights

China is projected to lead the industry, occupying more than 50% share in the revenue in 2015. The increasing consumption and manufacturing of dispensing systems, due to the rising number of petrol vehicles and CNG vehicles, is anticipated to supplement the market in the upcoming years. The economic progress and positive GDP are predicted to bode well for the growth of the automotive industry in China. This factor is further expected to fuel the demand for fuel dispensers in the coming years.

Asia Pacific Fuel Dispenser Market Insights

The market is highly competitive in recent years, owing to the presence of various large manufacturers, suppliers and new players in the market.

Leading players of the industry are Tokheim, Tatsuno Corporation, Gilbarco Inc., and Wayne Fuelling Systems LLC, are emphasizing on strategic partnerships and continuous product innovation to maintain their dominance in the market. Other players of the industry are Censtar Science & Technology Co. Ltd., Korea EnE Co., Ltd., Beijing Sanki Petroleum Technology Co. Ltd., Scheldt & Bachmann, Neotec, and Bennett Pump Company.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2013 - 2015

Forecast period

2016 - 2024

Market representation

Revenue in USD Million and CAGR from 2018 to 2024

Regional scope

Asia Pacific

Country Scope    

China, India, Japan and Rest of Asia Pacific

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2013 to 2024. For the purpose of this study, Million Insights has segmented the Asia Pacific fuel dispenser market on the basis of technology, application and region:

• Technology Outlook (Revenue, USD Million, 2013 - 2024)
    • Submersible
    • Suction

• Application Outlook (Revenue, USD Million, 2013 - 2024)
    • Petrol/Gasoline
    • Diesel
    • Compressed Natural Gas (CNG)
    • Others

• Country Outlook (Revenue, USD Million, 2013 - 2024)
    • China
    • India
    • Japan
    • Rest of Asia Pacific

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Ryan Manuel

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