The fuel management system market is forecasted to grow by USD 435.4 mn during 2023-2028, accelerating at a CAGR of 6.77% during the forecast period. The report on the fuel management system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by benefits offered by fuel management systems, increasing focus on operational efficiency by end-user industries, and stringent environmental regulations mandating accurate tracking of fuel usage and emissions.
Technavio's fuel management system market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
6.49%
CAGR
6.77%
Incremental Value
$435.4mn
By Application
Fleet management
Fuel dispensing
Fuel storage monitoring
Others
By End-user
Transport and Logistics
Oil and gas
Retail fuel stations
Others
By Geography
North America
Europe
APAC
Middle East and Africa
South America
This study identifies the growing focus of vendors on new product development as one of the prime reasons driving the fuel management system market growth during the next few years. Also, rising popularity of mobile fuel management systems and increasing number of strategic partnerships between vendors will lead to sizable demand in the market.
The report on the fuel management system market covers the following areas:
Fuel management system market sizing
Fuel management system market forecast
Fuel management system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fuel management system market vendors that include Banlaw, Chevin Fleet Solutions, Cummins Inc., Danaher Corp., Dover Corp., E.J. Ward Inc., ESI Total Fuel Management, Franklin Electric Co. Inc., Hectronic GmbH, HID Global Corp., Multiforce Systems Corp., Orpak Systems Ltd., Piusi Spa, Romteck, SmartFlow Technologies, Sokolis, Syntech Systems Inc., Taabi, Triscan Group Ltd., and Volaris Group Inc.. Also, the fuel management system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value Chain Analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
5.1 Global Fuel Management System Market 2018 - 2022
Historic Market Size - Data Table on Global Fuel Management System Market 2018 - 2022 ($ million)