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Gas Station Equipment Market Share

Report ID: GMI12603
Published Date: Dec 2024
Report Format: PDF

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Gas Station Equipment Market Share

The global gas station equipment industry is moderately fragmented, with prominent players, such as Gilbarco Veeder-Root, Wayne Fueling Systems, Tokheim Group S.A.S., Franklin Fueling Systems, Censtar Science and Technology holding a market share of ~30-35%.

In the gas station equipment market, competition is driven by several key factors. Technological innovation stands at the forefront, with companies striving to introduce cutting-edge solutions that enhance operational efficiency and customer experience. According to the National Association of Convenience Stores (NACS), 69% of fuel retailers invested in new technologies in 2022, highlighting the industry's focus on innovation. Product efficiency and sustainability have become increasingly important competitive elements. The integration of automated systems, electric vehicle (EV) charging infrastructure, and alternative fuel solutions such as compressed natural gas (CNG) and hydrogen is reshaping the market landscape. The International Energy Agency (IEA) reports that the number of public EV charging points worldwide increased by 40% in 2022, indicating a growing demand for such equipment in gas stations.

Companies are also differentiating themselves by offering solutions that reduce operational costs. Energy-efficient equipment, advanced digital payment systems, and compliance with evolving regulatory requirements are key areas of focus.

Gas Station Equipment Market Companies

Major players operating in the gas station equipment industry are:

Beijing Sanki Petroleum Technology
Bennett Pump Company
Censtar Science and Technology Corp. Ltd.
China Hongyang
Dover Corporation
Franklin Fueling Systems
Gilbarco Veeder-Root
Jiangsu Furen Group
Korea EnE Co. Ltd.
Peltek
Tatsuno Corporation
Tokheim Group
U-Fuel Corporate HongYang Group
VeriFone
Wayne Fueling Systems

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of gas station equipment reached USD 7.1 billion in 2023 and is set to register a CAGR of over 4.7% between 2024 and 2032, driven by the increasing demand for sophisticated fueling systems and energy-efficient technologies.

The direct distribution channel held a 52.6% market share in 2023 and is expected to expand at a CAGR of 4.9% from 2024 to 2032, as it allows manufacturers to build strong relationships with end-users, enabling better customization, faster delivery, and improved after-sales services.

The U.S. market was valued at USD 1.4 billion in 2023 and is expected to witness a CAGR of 5.4% through 2032, supported by its extensive fueling infrastructure and high vehicle ownership rates.

Major players in the industry include Beijing Sanki Petroleum Technology, Bennett Pump Company, Censtar Science and Technology Corp. Ltd., China Hongyang, Dover Corporation, Franklin Fueling Systems, Gilbarco Veeder-Root, Jiangsu Furen Group, Korea EnE Co. Ltd., Peltek, Tatsuno Corporation, Tokheim Group, U-Fuel Corporate HongYang Group, VeriFone, and Wayne Fueling Systems.