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Fuel Management System Market by Offering, Application, Industry And Geography - Global Forecast to 2023

Fuel Management System Market: Global Forecast until 2023

  • July 2018
  • 121 pages
  • ID: 5480321
In this report:
In 2017, the US accounted for a share of ~##% of the fuel management system market in North America; the market in the US is expected to grow at a CAGR of ##.##% during the forecast period.
APAC accounted for a share of ~##% of the overall fuel management system market in 2017, and the market in this region is expected to grow at a CAGR of ##.##% during the forecast period.


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Strong demand for fuel managements systems for access control and fuel dispensing applications driving increase of market

The fuel management system market is anticipated to rise at a compound annual growth rate (CAGR) of ~6.5 percent between 2018 and 2023, to attain $707.40M by 2023 from $515.90M in 2018. Strong demand for fuel management systems for use in access control and fuel dispensing applications is one of the main factors fueling the increase of this market. Nevertheless, high initial investments engaged in the procurement and installation of fuel management systems are posing challenges for market actors.

Fuel management system market for transportation and logistics industry to witness significant increase during forecast horizon

The fuel management system market for the transportation and logistics market is anticipated to witness significant rise during the estimate period.Corporations operating in this industry need considerable volumes of fuel every day to carry out their operations.

As fuel is an expensive resource, efficient management of fuel becomes a critical task for maintaining firms' profitability.Fuel management systems play an important role in obtaining fuel-related data, which can be easily accessed by users for fuel accounting.

These systems help plant or site managers reduce misuse or loss of fuel. Also, by using fuel management systems, firms can restrict unauthorized access to fuel.

Fuel management system market in APAC to witness significant increase during projection period

Among all areas, the fuel management system market in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period.China (CN), Japan (JP), Australia (AU), and India (IN) are some of the main contributors to the rise of the market in Asia-Pacific.

Strong demand for fuel management systems from the transportation and logistics, and Mining and construction industries in these countries is fueling the increase of the market in this area.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main officials in the fuel management system market. Following is the breakup of the profiles of primary members taking part for the market research.

• By Company category: Tier 1 - 35 %, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite executives - 35.0 percent, Directors - 25.0 percent, and Others - 40.0 percent

• By Area: North America continent - 45.0 percent, Europe (EU) - 20.0 percent, Asia-Pac - 30.0 percent, and rest of the world - 5.0 percent

The report profiles top actors in the fuel management system market and analyzes their market rankings. Actors decribed in this industry report are Gilbarco Veeder-Root, Dover, Franklin Fueling Systems, PIUSI, Triscan Group, HID Global, Multiforce Systems, Road Track, Banlaw, Fluid Management Technology, Timeplan Fuel Solutions, Sentinel Fuel Products, Guduza System Technologies, ESI Total Fuel Management, AssetWorks, Smartflow Technologies, World Fuel Services, Technotrade, Romtek, and Newlea Fuel Systems.

Segment Research

This study breaks down the fuel management system market by offering, application, market, and area. The industry report also describes the main drivers, opportunities, and possibilities pertaining to this market, as well as includes value chain and market ranking analyses.

Reasons to Buy This Report

The study will facilitate competitors/new sector entrants in the fuel management system market in these ways:

1. The document breaks down the fuel management system market comprehensively and offers the closest industry size estimation for all sub-segments across localities.

2. The analysis will facilitate partners distinguish the pulse of the sector and offer them with info on key market drivers, opportunities, and alternatives pertaining to the fuel management system market.

3. The market research will facilitate partners comprehend their players better and acquire business insights to enhance their rank in the fuel management system market. The competitive outlook section depicts the competitor ecosystem.

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