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Several key trends are shaping the gas station equipment industry. Automation is gaining prominence, with stations increasingly implementing self-service kiosks, advanced digital payment systems, and sophisticated remote monitoring capabilities. The Petroleum Equipment Institute reports that over 70% of gas stations in the United States now offer some form of self-service technology, highlighting the widespread adoption of automated solutions.
The market is also witnessing rapid growth in eco-friendly fueling options. The International Energy Agency (IEA) projects that the number of public EV charging stations worldwide will increase from 1.3 million in 2020 to 16.3 million by 2030. This forecast indicates a significant shift towards sustainable fueling infrastructure in the coming years.
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.
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 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.
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.