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Fuel Management System Trends and Forecast
The future of the global fuel management system market looks promising with opportunities in the mining and construction, military & defense, oil & gas, and transportation and logistics markets. The global fuel management system market is expected to reach an estimated $713 million by 2030 with a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are introduction of fuel management systems that are both technologically advanced and affordable, rise in the total amount of energy consumed and fluctuations in the price of fuel globally, along with quick improvements in the infrastructure of transportation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Fuel Management System by Segment
The study includes a forecast for the global fuel management system by offering, application, end use, and region.
Fuel Management System Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Services
Fuel Management System Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Fuel Storage Monitoring
• Access Control and Fuel Dispensing
Fuel Management System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Mining and Construction
• Military & Defense
• Oil & Gas
• Transportation and Logistics
• Others
Fuel Management System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Fuel Management System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fuel management system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fuel management system companies profiled in this report include-
• Gilbarco Veeder-Root
• Dover
• Franklin Fueling Systems
• PIUSI
• Triscan Group
• HID Global
• Multiforce Systems
• Road Track
• Banlaw
• Fluid Management Technology
Fuel Management System Market Insights
Lucintel forecasts that access control and fuel dispensing will remain the larger segment over the forecast period due to the ability of fuel management systems to decrease fuel waste or abuse and remove the possibility of fuelling mistakes.
North America will remain the largest region over the forecast period due to the widespread use of fuel management systems in the United States.
Features of the Global Fuel Management System Market
Market Size Estimates: Fuel management system market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Fuel management system market size by offering, application, end use, and region in terms of value ($M).
Regional Analysis: Fuel management system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offering, application, end use, and regions for the fuel management system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fuel management system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the fuel management system market size?
Answer: The global fuel management system market is expected to reach an estimated $713 million by 2030.
Q2. What is the growth forecast for fuel management system market?
Answer: The global fuel management system market is expected to grow with a CAGR of 6.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the fuel management system market?
Answer: The major drivers for this market are introduction of fuel management systems that are both technologically advanced and affordable, rise in the total amount of energy consumed and fluctuations in the price of fuel globally, along with quick improvements in the infrastructure of transportation.
Q4. What are the major segments for fuel management system market?
Answer: The future of the global fuel management system market looks promising with opportunities in the mining and construction, military & defense, oil & gas, and transportation and logistics markets.
Q5. Who are the key fuel management system market companies?
Answer: Some of the key fuel management system companies are as follows:
• Gilbarco Veeder-Root
• Dover
• Franklin Fueling Systems
• PIUSI
• Triscan Group
• HID Global
• Multiforce Systems
• Road Track
• Banlaw
• Fluid Management Technology
Q6. Which fuel management system market segment will be the largest in future?
Answer: Lucintel forecasts that access control and fuel dispensing will remain the larger segment over the forecast period due to the ability of fuel management systems to decrease fuel waste or abuse and remove the possibility of fuelling mistakes.
Q7. In fuel management system market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the widespread use of fuel management systems in the United States.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the fuel management system market by offering (hardware, software, and services), application (fuel storage monitoring and access control and fuel dispensing), end use (mining and construction, military & defense, oil & gas, transportation and logistics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Fuel Management System Market, Fuel Management System Market Size, Fuel Management System Market Growth, Fuel Management System Market Analysis, Fuel Management System Market Report, Fuel Management System Market Share, Fuel Management System Market Trends, Fuel Management System Market Forecast, Fuel Management System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Fuel Management System Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Fuel Management System Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Fuel Management System Market by Offering
3.3.1: Hardware
3.3.2: Software
3.3.3: Services
3.4: Global Fuel Management System Market by Application
3.4.1: Fuel Storage Monitoring
3.4.2: Access Control and Fuel Dispensing
3.5: Global Fuel Management System Market by End Use
3.5.1: Mining and Construction
3.5.2: Military & Defense
3.5.3: Oil & Gas
3.5.4: Transportation and Logistics
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Fuel Management System Market by Region
4.2: North American Fuel Management System Market
4.2.1: North American Fuel Management System Market by Application: Fuel Storage Monitoring and Access Control and Fuel Dispensing
4.2.2: North American Fuel Management System Market by End Use: Mining and Construction, Military & Defense, Oil & Gas, Transportation and Logistics, and Others
4.3: European Fuel Management System Market
4.3.1: European Fuel Management System Market by Application: Fuel Storage Monitoring and Access Control and Fuel Dispensing
4.3.2: European Fuel Management System Market by End Use: Mining and Construction, Military & Defense, Oil & Gas, Transportation and Logistics, and Others
4.4: APAC Fuel Management System Market
4.4.1: APAC Fuel Management System Market by Application: Fuel Storage Monitoring and Access Control and Fuel Dispensing
4.4.2: APAC Fuel Management System Market by End Use: Mining and Construction, Military & Defense, Oil & Gas, Transportation and Logistics, and Others
4.5: ROW Fuel Management System Market
4.5.1: ROW Fuel Management System Market by Application: Fuel Storage Monitoring and Access Control and Fuel Dispensing
4.5.2: ROW Fuel Management System Market by End Use: Mining and Construction, Military & Defense, Oil & Gas, Transportation and Logistics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Fuel Management System Market by Offering
6.1.2: Growth Opportunities for the Global Fuel Management System Market by Application
6.1.3: Growth Opportunities for the Global Fuel Management System Market by End Use
6.1.4: Growth Opportunities for the Global Fuel Management System Market by Region
6.2: Emerging Trends in the Global Fuel Management System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Fuel Management System Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Fuel Management System Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Gilbarco Veeder-Root
7.2: Dover
7.3: Franklin Fueling Systems
7.4: PIUSI
7.5: Triscan Group
7.6: HID Global
7.7: Multiforce Systems
7.8: Road Track
7.9: Banlaw
7.10: Fluid Management Technology
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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