Fuel Dispenser Market - Global Industry Size, Share, Trends, Opportunities, and Forecast Segmented By Fuel Type (Petroleum Fuels, Compressed Fuels, Biofuels, Others), By Dispenser System (Submersible and Suction), By Flow Meter (Mechanical & Electronics), By Application (Petrol, Diesel, Biofuel, Others), By Region and Competition 2018-2028F

  • Industry : Oil and Gas
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Fuel dispenser market is expected to grow during the forecast period due to the widespread acceptance of advanced fuel dispensers across fuel centers and gas stations worldwide and the increasing trend of mass production in major end-use industries to minimize the overall production cost, is anticipated to drive the demand for fuels, which, in turn, is anticipated to boost the growth of the global fuel dispenser market during the estimate period. In addition, development in awareness and implementation of biofuels from buyers across the globe is estimated to fuel the demand for biofuel dispensers, which is expected to drive the growth of the market in the coming years. Though, an increase in demand for electric vehicles and a decrease in the number of petroleum fuel-based stations are expected to hinder the growth of the global fuel dispenser market during the forecast period.

A fuel dispenser is a prominent device in fuel stations, which is employed to dispense or examine liquid or gaseous fuel. It is operated to pump liquid or gaseous fuels such as petrol, diesel, and natural gas into vehicles, aircraft, storage tanks, or portable containers. The fuel dispenser system includes several parts including hydraulic, metering, and hose/nozzle portions. The design and formation of these systems depend on numerous factors, such as the number of grades, volume of business, fuel products, and facility size. Dispensers concurrently deliver fuel and analyze the price of fuel delivered into the vehicle.

Global Fuel Dispenser Market: Drivers & Trends

Rise In Demand for Petroleum and CNG Products in Developing Economies

The increase in demand for petroleum fuels and Compressed Natural Gas (CNG) products from emerging economies such as China, India, Australia, and others is estimated to be the leading factor in the growth of the global fuel dispenser market. In addition, there is brisk acceptance of natural gas automobiles and an increase in the consumption of petroleum fuels in these emerging economies. This is estimated to propel the demand for fuel stations which in turn is anticipated to propel the growth of the global fuel dispenser market during the analyzed time frame. Moreover, the global automotive industry has conveyed substantial growth from 2010 to 2019 as the demand for passenger vehicles to commercial vehicles was at its peak.

Currently, the automotive market is advancing at a high rate in promising economies, such as India, China, and others. In addition, the developed regions, such as North America and Europe, cover the foremost share in both automotive production and sales. China is the major country-level market that reports the highest production and sales statistics due to technological advancements, superior manufacturing facilities, and a drastic rise in the population, which results in high vehicle demand.

This rapid growth in the production and sales of motor vehicles is anticipated to drive the demand for petroleum and other fuels, which in turn, is estimated to drive the growth of the fuel dispenser market during the forecast period.

Rapid Growth of Dual Fuel or Hybrid Automobiles

Rapid development in the creation and retailing of hybrid automobiles is expected to drive the growth of the global fuel dispenser market during the estimated period. Additionally, hybrid automobiles show numerous advantages such as competence to achieve zero emissions, monetary profits, flexibility to run on auxiliary fuels, and power generation from regenerative decelerating as compared to conventional automobiles, which encourage the growth of the global fuel dispenser market. In addition, hybrid vehicles are more efficient in terms of traveling time and safety as compared to conventional vehicles, owing to their ability to generate regenerative power by applying brakes. Furthermore, dual fuel vehicles possess advantages such as less price, lower emissions, less maintenance, and easier operation, which are projected to fuel their demand in the upcoming years, which is further expected to propel the growth of the global market from 2024 to 2028. Moreover, the introduction of hydrogen gas-powered vehicles, which do not release carbon emissions, exhaust lesser energy as evaluated to diesel fuel, and generate low noise & vibration is expected to fuel the market growth during the analyzed timeframe.

Global Fuel Dispenser Market: Restraints

Rise in Awareness and Stringent Government Regulations Toward Vehicle Emissions

Diesel and other established fuel-powered automobiles emit harmful pollutants and gases such as carbon dioxide, nitrogen oxide, particulate matter, and sulphur dioxide. These air contaminants severely impact human health, affecting diseases such as stroke, cardiac disorders, lung cancer, and asthma. Additionally, these air pollutants are dangerous to surroundings, as nitrogen dioxide is farther harmful to the ozone layer than carbon dioxide. To decrease the harmful effects of these harmful emissions on humans and the environment, various policies, regulations, and initiatives are employed by governments across the world. For instance:

Central Pollution Control Board & Ministry of Environment and Forests Emission standards for new gensets with up to 800 kW- GSR (Generator Set Regulations) 771E, GSR 535E, 232E, and 489E (India)

·         EPA emission standard for Emergency Standby Diesel Generator

·         Paris Agreement 2015 COP 21 for greenhouse gas reduction – Targets 2021-2030

·         United Nations Framework Convention on Climate Change 1992

·         The U.S. multi-state zero emission vehicle action plan

·         UNECE regulation 83 and type 1 test NEDC

·         European CO2 Regulation 2025/2030

·         Kyoto Protocol 1998 COP 3

·         EU Stationary Engines:

·         Industrial Emissions Directive (P ≥ 50 MW)

·         Medium Combustion Plant Directive (1 ≤ P < 50 MW)

These regulations are expected to drive the interest of key players in developing hybrid vehicle/electric vehicle technologies, which, in turn, is expected to hamper the growth of the conventional fuel dispenser market growth in the upcoming years.

Increase in Demand for Electric Vehicles and Reducing Number of Fuel Stations

The rise in demand for electric vehicles and government initiatives & investment in the electric vehicle industry is expected to hamper the growth of the conventional fuel dispenser market during the forecast period. Thus, owing to the initiatives to promote the use of electric vehicles, the production of electric vehicles is expected to increase at an exponential rate, which, in turn, will restrain the demand for petroleum-based or other conventional fuel dispensers in the years to come. Moreover, the surge in pollution and decline in fossil fuel reserves have improved the government's attention toward the use of electric vehicles.

Furthermore, the increase in carbon emissions have increased global warming at an alarming rate that has imposed countries globally to reduce their carbon emissions. Numerous countries among the world are providing inducements to support the use of zero emission cars either electric or hybrid. Numerous national governments around the world provide economic incentives such as tax exemptions and tax credits. For instance, electric vehicles in Austria are exempted from fuel consumption/pollution tax, ownership tax, and company car tax. In addition, a deduction of the value-added tax (VAT) is applicable for electric vehicles. These above-mentioned factors are expected to hamper the growth of the conventional fuel dispenser market during the forecast period.

Furthermore, the number of fuelling stations are on the verge of decline, owing to rise in sales of electric vehicle, new mobile fuel delivery stations, and others, which in turn is expected to restrain the growth of the petroleum fuel-based dispenser market in the upcoming years.

Global Fuel Dispenser Market: Opportunities

Technological Advancements and R&D Toward Highly Efficient Fuel Dispenser Systems:

Technological advancements such as inclusion of digital innovations, automation, and others are playing key role in the growth of the fuel dispenser market globally. In addition, the introduction of electronic embedded dispensing system, cloud platforms, and other digital systems in the fuel dispensers is expected to create opportunity for key players in the market. Rise in demand from consumers toward seamless retail fuelling experience, faster & efficient fuelling and others has increased attention of key players which is further resulted in increasing research and development activities toward providing highly efficient fuel dispenser systems. This is anticipated to create key opportunity for key players in the fuel dispenser market in the upcoming years.

Global Fuel Dispenser Market: Recent Developments

Dover Fueling Solutions, a foremost global provider of cutting-edge customer-focused technologies, services and solutions in the fuel and convenience retail industries, proclaimed the launch of manifold fuel dispenser models, a new point-of-sale (POS) system and a next-generation automatic tank gauge (ATG) console, in July 2022.



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Market Segments

Global fuel dispenser market is segmented into fuel type, dispenser system, flow meter, application and region. Based on fuel type, the market is segmented into petroleum fuels, compressed fuels, biofuels, and others. Based on dispenser system, the market is segmented into submersible and suction. Based on flow meter, the market is segmented mechanical & electronics. Based on application, the market is segmented into Petrol, diesel, biofuel, and others. Based on region, the market is segmented into Europe, North America, Asia-Pacific, South America, Middle East & Africa.

Market Players

Major market players in the global fuel dispenser market are Dover Fueling Solutions, Gilbarco Inc, Tatsuno Corporation, Scheidt & Bachmann Tubs d.o.o., Bennett Pump Company, NEOTEC, Piusi SpA, Lanfeng Technology Inc., Tominaga Mfg Co., Censtar Science & Technology Corp., Ltd.


Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Fuel Type

Dispenser System

Flow Meter

Application

Region

Regional Scope

North America, Asia-Pacific, Europe, South America, Middle East & Africa

Country scope

United States, Canada, Mexico, China, India, Japan, Australia, South Korea, Germany, Italy, Spain, United Kingdom, France, Brazil, Argentina, Colombia, UAE, Saudi Arabia, South Africa

Key companies profiled

Dover Fueling Solutions, Gilbarco Inc, Tatsuno Corporation, Scheidt & Bachmann Tubs d.o.o., Bennett Pump Company, NEOTEC, Piusi SpA, Lanfeng Technology Inc., Tominaga Mfg Co., Censtar Science & Technology Corp., Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. 

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, global Fuel Dispenser market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Fuel Dispenser Market, By Fuel Type:
    • Petroleum Fuels
    • Compressed Fuels
    • Biofuels
    • Others
  • Fuel Dispenser Market, By Dispenser System:
    • Submersible
    • Suction
  • Fuel Dispenser Market, By Flow Meter:
    • Mechanical
    • Electronics
  • Fuel Dispenser Market, By Application:
    • Petrol
    • Diesel
    • Biofuel
    • Others
  • Fuel Dispenser Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Europe

§  Germany

§  Italy

§  Spain

§  United Kingdom

§  France

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Fuel Dispenser Market.

Available Customizations:

Global Fuel Dispenser Market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

Global Fuel Dispenser Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customer

5.    Global Fuel Dispenser Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Fuel Type (Petroleum Fuels, Compressed Fuels, Biofuels, Others)

5.2.2.    By Dispenser System (Submersible and Suction)

5.2.3.    By Flow Meter (Mechanical & Electronics)

5.2.4.    By Application (Petrol, Diesel, Biofuel, Others)

5.2.5.    By Region (North America, Asia-Pacific, Europe, South America, Middle East & Africa)

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Fuel Dispenser Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Fuel Type

6.2.2.    By Dispenser System

6.2.3.    By Flow Meter

6.2.4.    By Application

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Fuel Dispenser Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Fuel Type

6.3.1.2.2.           By Dispenser System

6.3.1.2.3.           By Flow Meter

6.3.1.2.4.           By Application

6.3.2.    Canada Fuel Dispenser Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Fuel Type

6.3.2.2.2.           By Dispenser System

6.3.2.2.3.           By Flow Meter

6.3.2.2.4.           By Application

6.3.3.    Mexico Fuel Dispenser Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Fuel Type

6.3.3.2.2.           By Dispenser System

6.3.3.2.3.           By Flow Meter

6.3.3.2.4.           By Application

7.    Asia-Pacific Fuel Dispenser Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Fuel Type

7.2.2.    By Dispenser System

7.2.3.    By Flow Meter

7.2.4.    By Application

7.2.5.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Fuel Dispenser Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Fuel Type

7.3.1.2.2.           By Dispenser System

7.3.1.2.3.           By Flow Meter

7.3.1.2.4.           By Application

7.3.2.    India Fuel Dispenser Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Fuel Type

7.3.2.2.2.           By Dispenser System

7.3.2.2.3.           By Flow Meter

7.3.2.2.4.           By Application

7.3.3.    Japan Fuel Dispenser Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Fuel Type

7.3.3.2.2.           By Dispenser System

7.3.3.2.3.           By Flow Meter

7.3.3.2.4.           By Application

7.3.4.    South Korea Fuel Dispenser Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Fuel Type

7.3.4.2.2.           By Dispenser System

7.3.4.2.3.           By Flow Meter

7.3.4.2.4.           By Application

7.3.5.    Australia Fuel Dispenser Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Fuel Type

7.3.5.2.2.           By Dispenser System

7.3.5.2.3.           By Flow Meter

7.3.5.2.4.           By Application

8.    Europe Fuel Dispenser Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Fuel Type

8.2.2.    By Dispenser System

8.2.3.    By Flow Meter

8.2.4.    By Application

8.2.5.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Fuel Dispenser Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Fuel Type

8.3.1.2.2.           By Dispenser System

8.3.1.2.3.           By Flow Meter

8.3.1.2.4.           By Application

8.3.2.    United Kingdom Fuel Dispenser Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Fuel Type

8.3.2.2.2.           By Dispenser System

8.3.2.2.3.           By Flow Meter

8.3.2.2.4.           By Application

8.3.3.    France Fuel Dispenser Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Fuel Type

8.3.3.2.2.           By Dispenser System

8.3.3.2.3.           By Flow Meter

8.3.3.2.4.           By Application

8.3.4.    Italy Fuel Dispenser Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Fuel Type

8.3.4.2.2.           By Dispenser System

8.3.4.2.3.           By Flow Meter

8.3.4.2.4.           By Application

8.3.5.    Spain Fuel Dispenser Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Fuel Type

8.3.5.2.2.           By Dispenser System

8.3.5.2.3.           By Flow Meter

8.3.5.2.4.           By Application

9.    South America Fuel Dispenser Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Fuel Type

9.2.2.    By Dispenser System

9.2.3.    By Flow Meter

9.2.4.    By Application

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Fuel Dispenser Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Fuel Type

9.3.1.2.2.           By Dispenser System

9.3.1.2.3.           By Flow Meter

9.3.1.2.4.           By Application

9.3.2.    Argentina Fuel Dispenser Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Fuel Type

9.3.2.2.2.           By Dispenser System

9.3.2.2.3.           By Flow Meter

9.3.2.2.4.           By Application

9.3.3.    Colombia Fuel Dispenser Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Fuel Type

9.3.3.2.2.           By Dispenser System

9.3.3.2.3.           By Flow Meter

9.3.3.2.4.           By Application

10. Middle East & Africa Fuel Dispenser Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Fuel Type

10.2.2. By Dispenser System

10.2.3. By Flow Meter

10.2.4. By Application

10.2.5. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. South Africa Fuel Dispenser Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Fuel Type

10.3.1.2.2.         By Dispenser System

10.3.1.2.3.         By Flow Meter

10.3.1.2.4.         By Application

10.3.2. Saudi Arabia Fuel Dispenser Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Fuel Type

10.3.2.2.2.         By Dispenser System

10.3.2.2.3.         By Flow Meter

10.3.2.2.4.         By Application

10.3.3. UAE Fuel Dispenser Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Fuel Type

10.3.3.2.2.         By Dispenser System

10.3.3.2.3.         By Flow Meter

10.3.3.2.4.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

13. Company Profiles (10 Major Companies)

13.1.   Dover Fueling Solutions

13.1.1. Business Overview

13.1.2. Key Revenue & Financials

13.1.3. Recent Developments

13.1.4. Key Personnel/Key Contact Person

13.1.5. Key Services Offered

13.2.   Gilbarco Inc

13.2.1. Business Overview

13.2.2. Key Revenue & Financials

13.2.3. Recent Developments

13.2.4. Key Personnel/Key Contact Person

13.2.5. Key Services Offered

13.3.   Tatsuno Corporation

13.3.1. Business Overview

13.3.2. Key Revenue & Financials

13.3.3. Recent Developments

13.3.4. Key Personnel/Key Contact Person

13.3.5. Key Services Offered

13.4.   Scheidt & Bachmann Tubs d.o.o.

13.4.1. Business Overview

13.4.2. Key Revenue & Financials

13.4.3. Recent Developments

13.4.4. Key Personnel/Key Contact Person

13.4.5. Key Services Offered

13.5.   Bennett Pump Company   

13.5.1. Business Overview

13.5.2. Key Revenue & Financials

13.5.3. Recent Developments

13.5.4. Key Personnel/Key Contact Person

13.5.5. Key Services Offered

13.6.   NEOTEC   

13.6.1. Business Overview

13.6.2. Key Revenue & Financials

13.6.3. Recent Developments

13.6.4. Key Personnel/Key Contact Person

13.6.5. Key Services Offered

13.7.   Piusi SpA

13.7.1. Business Overview

13.7.2. Key Revenue & Financials

13.7.3. Recent Developments

13.7.4. Key Personnel/Key Contact Person

13.7.5. Key Services Offered

13.8.   Lanfeng Technology Inc.

13.8.1. Business Overview

13.8.2. Key Revenue & Financials

13.8.3. Recent Developments

13.8.4. Key Personnel/Key Contact Person

13.8.5. Key Services Offered

13.9.   Tominaga Mfg Co.  

13.9.1. Business Overview

13.9.2. Key Revenue & Financials

13.9.3. Recent Developments

13.9.4. Key Personnel/Key Contact Person

13.9.5. Key Services Offered

13.10.Censtar Science & Technology Corp., Ltd.

13.10.1.  Business Overview

13.10.2.  Key Revenue & Financials

13.10.3.  Recent Developments

13.10.4.  Key Personnel/Key Contact Person

13.10.5.  Key Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The key players in the fuel dispenser market include Dover Fueling Solutions, Gilbarco Inc, Tatsuno Corporation, Scheidt & Bachmann Tubs d.o.o., Bennett Pump Company, NEOTEC, Piusi SpA, Lanfeng Technology Inc., Tominaga Mfg Co., Censtar Science & Technology Corp., Ltd.

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Technological advancements and R&D towards highly efficient fuel dispenser systems are the key trends in the fuel dispenser market.

down-arrow

Rise in awareness and stringent government regulations toward vehicle emissions and increase in demand for electric vehicles and reducing number of fuel stations are expected to hamper growth of the market over the forecast period.

down-arrow

Rise in demand for petroleum fuels and CNG products from the developing economies and rapid growth of dual fuel or hybrid vehicle sector are the key factors boosting the fuel dispenser market.

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Parvati Sharma

Account Manager BD
Press Release

Fuel Dispenser Market to be Dominated by Asia-Pacific Until 2028

Aug, 2023

Rising demand for petroleum and CNG products in developing economies and the rapid growth of dual fuel or hybrid vehicles are likely to propel the fuel dispenser market during the forecast period.

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