United Kingdom Fuel Dispenser Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR),United Kingdom Fuel Dispenser Market Information by Product, Type, Application, and Region - Forecast till 2032”, The United Kingdom Fuel Dispenser Market industry is projected to grow from USD 2,407.2 in 2024 to USD 3904.14 by 2032, exhibiting a compound annual growth rate (CAGR) of 5.82% during the forecast period (2024 - 2032). The United Kingdom Fuel Dispenser Market size was valued at USD 2281.27 in 2023.
The France fuel dispenser market is a significant segment within Europe, driven by the country's diverse automotive industry, advanced fuel retail infrastructure, and stringent environmental regulations. With France being a major consumer of gasoline, diesel, and alternative fuels, there is a continuous demand for efficient and reliable fuel dispensing solutions to support transportation, logistics, and commercial activities.
French fuel dispenser manufacturers offer a wide range of products, including multi-product dispensers, fleet management systems, and eco-friendly fuel options, tailored to meet the specific requirements of fuel retailers and end-users. Moreover, advancements in dispenser technologies such as self-service kiosks, NFC payment systems, and biofuel blending capabilities support France's transition towards sustainable transportation and energy diversification. Additionally, government initiatives promoting electric mobility, renewable energy, and circular economy principles further drive innovation and investment in fuel dispenser solutions across the country. With a focus on technological innovation, market differentiation, and environmental sustainability, the France fuel dispenser market is poised for continuous growth and leadership in the European fueling industry.
The main factors fostering the expansion of this market are the expansion of the automotive sector, with its rising use of dual-fuel or multi-fuel cars, and major advancements in dispenser technology. A few countries have set goals to implement CNG stations and achieve carbon-free emissions in the upcoming years, providing significant prospects.
United Kingdom Fuel Dispenser Market Competitive Landscape:
- Gilbarco Inc. (US)
- Dover Fueling Solutions (US)
- Tatsuno Corporation (Japan)
- Bennett Pump Company (US)
- Scheidt & Bachmann Tubs d.o.o. (Croatia)
- NEOTEC (Greece)
- LanFeng Co. Ltd (China)
- Piusi Spa (Italy)
Market Drivers:
Since alternative fuels are more cost-effective, fuel-efficient, and emission-controlling than traditional fuels, the automotive sector is expected to grow. Due to the cheaper cost of both fuels compared to the volatility of petroleum product prices, the use of CNG and LPG cars is increasing quickly in developing countries. Additionally, CNG and LPG-powered vehicles are seen as environmentally friendly substitutes for petroleum-powered automobiles. For the seventh straight year, automakers sold more than 17 million automobiles in the United States in 2019, according to Bloomberg Data 2020. Therefore, it is projected that the achievement of estimated sales targets would result in a growth trajectory for the automobile industry, which will increase demand for these dispensers in the upcoming years.
Dual-fuel cars lower pollutants while also improving the thermal efficiency of internal combustion engines. It gives an answer to inefficient operation and reduces the emissions from single-fuel vehicles. A dual-fuel vehicle is one that can run on either 100% diesel fuel or natural gas with a diesel pilot. People could switch to electric cars and other alternative technologies because of the depletion of petroleum products. As a result, this market will rise throughout the projection period due to the rising usage of dual-fuel or multi-fuel cars.
The market would develop faster with the advent of technologically sophisticated fuel dispensers. Modern fuel dispensers make it possible to fill up numerous automobiles at once. A scanner, customer identification keypad, video screen, barcoding, and magnetic card terminal are all included to provide more accurate and dependable metering and refuelling. To enhance the consumer experience, major firms are also rapidly developing better and more sophisticated solutions, such as personalized gasoline dispensers. Therefore, technologically enhanced dispensers are expected to fuel market expansion over the forecast period.
Market Restraints:
Electric car adoption is becoming more and more popular as a result of rising gasoline costs and the environmental effects of conventional fuel vehicles. A rule has been established in Europe that requires light commercial cars to reduce their carbon emissions by 15% by 2025. As a result, the adoption of electric vehicles would be constrained by strict regulatory standards and growing awareness campaigns.
United Kingdom Fuel Dispenser Market Segmentation
Suction and submersible fuel dispensers Market are included in the type-based market segmentation. With an estimated 65–67% share of the market revenue for fuel dispensers in 2021, the submersible fuel dispenser segment controlled the majority of the market share.
Petrol, diesel, biofuel, and other fuels are included in the application-based segmentation of the United Kingdom Fuel Dispenser Market.
Regional Insights
The market for fuel dispensers in Asia-Pacific secured the lead in 2021 and will continue to develop at a substantial rate over the course of the research period. The governments of China, India, and other emerging nations are concentrated on lowering the negative environmental effects of car emissions and raising the price of petrol, which will aid in raising the demand for natural gas automobiles.
Related Reports:
Abrasive Waterjet Cutting Machine Market Research Report: Information by Type, Application, Industry, And by Region –Market
Injection Molding Machinery Market Research Report Information by Type, by Clamping Force, by Material, by End-Use, And By Region–Market Forecast Till 2032
Personal Protective Equipment Market Research Report Report By Product, By Industry and By Hazard - Forecast till 2030
Markthandschuhe für industrielle Handhandschuhe
English