Press release
Key Influencer in the Gas Station Equipment Market 2025: Impact of Travel and Tourism Industry on Gas Station Equipment Market Driver
Gas Station Equipment Market
The expansion of the travel and tourism industry is expected to drive the growth of the gas station equipment market. The travel and tourism sector involves services and activities related to moving people for leisure, business, or other purposes. This growth is driven by improved air travel accessibility, growing consumer demand for travel experiences, and favorable government policies. Gas station equipment supports the travel and tourism sector by ensuring reliable fuel supplies, enhancing customer convenience, promoting safety, and offering added services for smooth travel experiences. As an example, the Australian Bureau of Statistics reported in December 2023 that domestic tourism spending in Australia surged by $34.9 billion in 2022-2023, reaching $124.9 billion, with international tourism increasing by $17.7 billion. As a result, the expanding travel and tourism industry is pushing the growth of the gas station equipment market.
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How will the growth rate of the gas station equipment market shape industry trends by 2034?
The gas station equipment market has shown robust growth. It will grow from $6.72 billion in 2024 to $7.17 billion in 2025, at a CAGR of 6.6%. This growth is attributed to improvements in ventilation systems, rising fuel demand, investments in infrastructure development, and rural electrification projects.
The gas station equipment market is expected to grow to $9.17 billion by 2029, with a CAGR of 6.4%. This growth is driven by the expansion of hydrogen fueling stations, the introduction of multi-fuel dispensers, and enhanced safety features. Key trends include electric vehicle charging stations, automated fueling systems, and renewable energy integration.
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What are the most significant trends transforming the gas station equipment market today?
Leading companies in the gas station equipment market are integrating advanced technologies like AIoT (Artificial Intelligence of Things) to enhance operational efficiency, optimize fuel management, and improve the customer experience. AIoT enhances equipment by enabling predictive maintenance and optimizing fuel management. In May 2024, Beijing Sanki Petroleum Technology Co. Ltd., a China-based company, launched its Skyline AIoT fuel dispenser series at UNITI Expo 2024. These dispensers integrate AIoT cloud services, providing advanced connectivity, versatile payment capabilities, and an ultra-bright 43-inch industrial touch screen for improved service.
Which primary segments of the gas station equipment market are driving growth and industry transformations?
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
Subsegments
1) By Tanks: Above-ground Tanks, Underground Tanks
2) By Fuel Dispensers: Single-Product Dispensers, Multi-Product Dispensers, Smart Dispensers
3) By Nozzles: Automatic Nozzles, Manual Nozzles
4) By Pump: Submersible Pumps, Suction Pumps
5) By Hose: Fuel Hoses, Vapor Recovery Hoses
6) By Parts: Valves, Filters, Metering Devices, Other Spare Parts
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What regions are leading the charge in the gas station equipment market?
Asia-Pacific was the largest region in the gas station equipment market in 2023. The regions covered in the gas station equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the gas station equipment market landscape?
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
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What Is Covered In The Gas Station Equipment Global Market Report?
•Market Size Forecast: Examine the gas station equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the gas station equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the gas station equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the gas station equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the gas station equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the gas station equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the gas station equipment market.
•Competitive Landscape: Review strategic developments in the gas station equipment market, including expansions, agreements, and new product launches.
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