1 Global Gas Station Equipment Market Size (Value) and CAGR (2024-2033)
In 2024, the global Gas Station Equipment market was valued at USD 7658.48 million, with a CAGR of 5.61% from 2024 to 2033.
Gas station equipment is a big category of products made exclusively for gas stations. Products associated with gas stations usually include fuel dispensers, pumps, tanks, equipment for convenience stores, hose, meters, and nozzles. These devices are required for a gas station to run smoothly and supply gas precisely.
Figure Global Gas Station Equipment Market Size (M USD) and CAGR 2024-2033
2 Gas Station Equipment Market Drivers
One of the primary drivers of the gas station equipment market is the significant expansion of the tourism industry. As more people travel for leisure and business, the demand for transportation services increases. This, in turn, leads to higher fuel consumption and a greater need for fueling stations. The growth in tourism not only boosts the demand for gasoline and diesel but also necessitates the installation of more advanced and efficient fueling equipment to meet the needs of travelers.
Another major driver is the increasing number of vehicles on the road. Countries with large populations, such as China, the United States, and India, have seen a significant rise in car ownership over the past decade. This trend is expected to continue, driven by rising incomes, urbanization, and the availability of affordable vehicles. The increase in car ownership directly translates to higher fuel consumption, thereby driving the demand for gas station equipment. The need for reliable and efficient fueling solutions becomes even more critical as the number of vehicles grows.
Technological advancements in fueling equipment are also a significant driver of the market. Modern gas stations require advanced equipment that can handle multiple types of fuel, provide accurate measurements, and ensure safety and environmental compliance. Innovations such as smart fuel dispensers, automated payment systems, and integrated management software are becoming increasingly popular. These advancements not only improve the efficiency of fueling operations but also enhance the overall customer experience.
3 Gas Station Equipment Market Challenges
Fluctuating Raw Material Prices
One of the most significant challenges faced by the gas station equipment market is the fluctuation in raw material prices. The cost of materials such as steel, plastic, and electronics can vary significantly due to market conditions, supply chain disruptions, and geopolitical factors. These price fluctuations can impact the profitability of manufacturers and increase the cost of equipment for end-users. Managing these price variations is crucial for maintaining market stability and ensuring the affordability of fueling equipment.
Competition from Alternative Fuels
The rise of alternative fuels, particularly electric vehicles (EVs), poses a significant challenge to the traditional gas station equipment market. As more countries and regions implement policies to promote EV adoption, the demand for traditional fueling equipment may decline. The growth of EV charging stations and other alternative fueling solutions can reduce the market share of conventional gas stations, leading to a shift in investment and development focus.
Technological Disruptions
The rapid pace of technological change also presents challenges for the gas station equipment market. While technological advancements can drive growth, they can also lead to disruptions. For example, the adoption of autonomous vehicles and connected car technologies may require new types of fueling infrastructure. Additionally, the integration of advanced digital technologies, such as IoT and AI, into fueling equipment can be complex and costly. Manufacturers must continuously invest in R&D to stay ahead of these technological trends and ensure their products remain relevant.
4 Global Gas Station Equipment Market Consumption (K Units) and Share by Type in 2024
In 2024, the global gas station equipment market is expected to see significant consumption across various types of equipment. The largest segment is fuel dispensers, which are machines used to pump gasoline, diesel, or other liquid fuels into vehicles. These dispensers are equipped with advanced technologies to ensure accurate fuel measurement and efficient dispensing. According to forecasts, the consumption of fuel dispensers in 2024 is projected to be 2,331.7 thousand units (K Units). Leading companies in this segment include Dover Fueling Solutions (DFS), Gilbarco Veeder-Root, and Tatsuno, which offer a range of fuel dispensers with advanced features such as smart payment systems and multi-fuel capabilities.
Another crucial segment is tanks, which are used to store fuel at gas stations. Tanks can be underground or above-ground storage tanks designed to hold large quantities of gasoline, diesel, or other fuels safely. The consumption of tanks in 2024 is expected to be 151.8 thousand units (K Units). Major players in the tank segment include MADIC Group, Petrotec, and Tatsuno, which specialize in manufacturing high-quality storage tanks that meet stringent safety and environmental standards.
Table Global Gas Station Equipment Market Consumption (K Units) and Share by Type in 2024
Type | Market Consumption (K Units) 2024 | Market Share 2024 |
Tanks | 151.8 | 6.11% |
Fuel Dispensers | 2331.7 | 93.89% |
5 Global Gas Station Equipment Market Consumption (K Units) and Share by Application in 2024
In 2024, the global gas station equipment market is expected to see significant consumption across various applications. The largest application segment is for gasoline, which is the most commonly used fuel in vehicles worldwide. The consumption of gasoline-related equipment in 2024 is projected to be 1,053.9 thousand units (K Units). This segment is driven by the widespread use of gasoline-powered vehicles and the continuous demand for efficient fueling solutions. Key players in this segment include Dover Fueling Solutions (DFS), Gilbarco Veeder-Root, and Tatsuno, which offer a range of gasoline-specific equipment.
The second-largest application segment is for diesel fuel. Diesel is widely used in commercial vehicles, trucks, and heavy machinery, making it a critical fuel type. The consumption of diesel-related equipment in 2024 is expected to be 1,097.7 thousand units (K Units). This segment is supported by the growing demand for diesel in the transportation and industrial sectors. Major manufacturers in this segment include Petrotec, Scheidt & Bachmann, and PIUSI, which specialize in producing diesel fueling equipment.
Biofuels represent a growing segment within the gas station equipment market. As environmental regulations become stricter and the demand for sustainable fuel sources increases, biofuels are gaining more attention. The consumption of biofuel-related equipment in 2024 is projected to be 178.7 thousand units (K Units). This segment is driven by the need for cleaner and more sustainable fuel options. Companies such as Korea EnE, DEM. G. SPYRIDES S.A, and U-Fuel Corporate are prominent in this segment, offering a range of biofuel-specific equipment.
Table Global Gas Station Equipment Market Consumption (K Units) and Share by Application in 2024
Application | Market Consumption (K Units) 2024 | Market Share 2024 |
For Gasoline | 1053.9 | 42.44% |
For Diesel | 1097.7 | 44.20% |
For Biofuel | 178.7 | 7.20% |
Others | 153.2 | 6.17% |
6 Global Gas Station Equipment Market Size by Region in 2024
In 2024, the Asia Pacific region is expected to be the largest market, driven by rapid economic growth and increasing vehicle ownership in countries like China and India. The market value in the Asia Pacific region is forecasted to be 2,840.97 million USD. This region is characterized by high demand for fueling equipment due to the expanding transportation sector and the increasing adoption of advanced technologies.
Europe is another significant market, with a forecasted value of 1,653.30 M USD in 2024. The European market is characterized by stringent environmental regulations and a focus on sustainable fueling solutions. Countries such as Germany, France, and the UK are major contributors to the European market, driving the demand for high-quality and environmentally friendly fueling equipment.
North America, with a forecasted market value of 2,025.69 M USD in 2024, is also a key region. The United States and Canada are the main drivers of this market, supported by a well-developed transportation infrastructure and a high demand for fuel. The North American market is characterized by a focus on advanced technologies and efficient fueling solutions.
Figure Global Gas Station Equipment Market Share by Region in 2024
7 Major Players in Global Gas Station Equipment Market
7.1 Dover Fueling Solutions (DFS)
Company Profile: Dover Fueling Solutions (DFS) is a leading global provider of advanced customer-focused technologies, services, and solutions in the fuel and convenience retail industries. Established in 1955 and headquartered in the USA, DFS comprises several product brands, including Wayne Fueling Systems, OPW Fuel Management Systems, ClearView, Tokheim, ProGauge, Fairbanks, LIQAL, and AvaLAN.
Business Overview: DFS offers a comprehensive suite of products and services designed to enhance the efficiency and profitability of fueling operations. Their solutions range from fuel dispensers and storage tanks to advanced management systems and digital solutions. DFS’s commitment to innovation and customer service has solidified its position as a market leader.
Gas Station Equipment Type Introduction: DFS’s Ovation HW is an economical combination of HS diesel and DEF models, suitable for warm climates where DEF freezing is not a concern. The dispenser features a standard unheated cabinet with a left-facing DEF hose on each side, providing flexibility and reliability for fueling operations.
Recent Financial Performance: In the most recent year, DFS reported a production of 334.9 thousand units, with a market value of 1,275.70 million US dollars (M USD).
7.2 Gilbarco Veeder-Root
Company Profile: Gilbarco Veeder-Root, established in 1865 and headquartered in the USA, is a renowned supplier of fuel dispensers, point-of-sale systems, payment systems, forecourt merchandising, and support services. The company has a long history of innovation and excellence in the fueling industry.
Business Overview: Gilbarco Veeder-Root offers a wide range of products and services designed to meet the evolving needs of fuel retailers. Their solutions include advanced fuel dispensers, integrated payment systems, and comprehensive forecourt management solutions. The company’s focus on technology and customer service has enabled it to maintain a strong market position.
Gas Station Equipment Type Introduction: The Encore 700S is a benchmark product for fuel businesses, offering ultimate flexibility and reliability. The dispenser features a highly secure CRIND® system that supports emerging technologies and minimizes future investment needs.
Recent Financial Performance: In the most recent year, Gilbarco Veeder-Root reported a production of 376.0 thousand units, with a market value of 903.58 M USD.
7.3 Tatsuno
Company Profile: Tatsuno, founded in 1911 and headquartered in Japan, is a global leader in the manufacturing and sale of equipment for the petrol industry. The company offers a wide range of products and services, including fuel dispensers, storage tanks, and related equipment.
Business Overview: Tatsuno’s business encompasses the manufacture and sale of OA equipment for gas stations, design and construction of gas stations and oil depots, repair and maintenance of gas-related machinery, and environmental preservation services. The company’s commitment to quality and innovation has enabled it to expand its market reach globally.
Gas Station Equipment Type Introduction: Tatsuno’s Sunny-GL dispenser is highly customizable, offering various options to meet site and customer requirements. The dispenser can be tailored in terms of body width, suction, flow rate, and number of products, providing flexibility and efficiency.
Recent Financial Performance: In the most recent year, Tatsuno reported a production of 119.1 thousand units, with a market value of 440.63 M USD.