The gas station equipment market has seen strong growth, with its size increasing from $6.32 billion in 2023 to $6.72 billion in 2024, representing a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period is attributed to improved ventilation systems in service areas, government regulations, rising fuel demand, investments in infrastructure development, and rural electrification projects. The market is expected to continue growing, reaching $8.63 billion by 2028, with a CAGR of 6.4%. This growth is driven by factors such as the expansion of hydrogen fueling stations, the introduction of multi-fuel dispensers, enhanced safety features, the growth of convenience stores, and the development of eco-friendly equipment. Key trends in the forecast period include a shift towards electric vehicle charging stations, integration of renewable energy, automated fueling systems, contactless payment systems, and smart tank monitoring systems.
Global Gas Station Equipment Market Key Driver
The expansion of the travel and tourism industry is expected to propel the growth of the gas station equipment market going forward. The travel and tourism industry includes all activities related to the movement of people for leisure or business. The expansion of this industry is driven by improved global air travel accessibility, growing consumer demand for travel experiences, and supportive government policies. Gas station equipment plays a crucial role by providing reliable fuel supplies and additional services, ensuring smooth travel experiences. For instance, in December 2023, the Australian Bureau of Statistics reported that domestic tourism spending surged to $124.9 billion in 2022-2023, with international tourism increasing to $23.6 billion. This expansion in the travel and tourism sector is driving the growth of the gas station equipment market.
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Global Gas Station Equipment Market Segments
The gas station equipment market covered in this report is segmented –
1) By Type: Tanks, Fuel Dispensers, Nozzles, Pump, Hose, Parts
2) By Application: Gasoline, Diesel, Biofuel, Other Applications
3) By End User: Contractors, Dealers, Fleet Owners, Oil And Gas Companies, Retail Service Stations
By Geography:The regions 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.
Asia-Pacific was the largest region in the gas station equipment market in 2023.
Major Gas Station Equipment Industry Players
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
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Gas Station Equipment Market Overview
Gas station equipment refer to all hardware and systems essential for fuel distribution, storage, and management at gas stations. This equipment ensures efficient and safe operations for both customers and operators. They are vital for ensuring the efficient and safe operation of gas stations, supporting the transportation and energy sectors by facilitating the distribution and consumption of fuel.
Gas Station Equipment Global Market Report 2023 provides data on the global gas station equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The gas station equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
