Market Scope
The global fuel management system market is forecasted to expand at a CAGR above 4% over the review period (2017-2022), as per the latest findings by Market Research Future (MRFR). Fuel management systems enable petrol pumps to gauge and stock inventory accordingly. They are ideal for fleets or logistic solution providers and enable them in measuring fuel consumption.
Benefits of accountability and protection against fuel theft are likely to boost the fuel management system market over the forecast period. Rise in setups of fuel stations, exponential boom in the automotive sector, and increase in fuel prices are factors which can boost the market growth effectively. But the high installation costs and complexity involved in these systems can act as a growth restraint.
Sample Request of This Report @ https://www.marketresearchfuture.com/sample_request/4394
Industry Trend
Adoption of fuel management systems in forklift trucks for fuel efficiency and engine optimization purposes is likely to trigger the rapid adoption of these systems. This is exemplified by its integration in forklifts by UniCarriers Americas Corporation.
Airlines are increasingly making use of these systems to plan their flights responsibly and manage their workflow via automation. For instance, the Navigation Data Management System (NavDB) of Frequentis has been integrated by Qantas, a major Australian airline carrier, for planning their flights and optimizing their fuel consumption accordingly.
Segmentation Analysis
The fuel management system market is segmented by type and application.
By type, the market is segmented into card-based, on-site, and total fuel management. Among these, the on-site fuel management segment is likely to generate significant revenue for the fuel management system market till 2023. It can track fuel consumption by employing fleet fuel services and track the fuel being pumped into vehicles. On the other hand, the card-based system can also garner a respectable market share thanks to consumers preferring cashless transactions. The additional layer of security provided by the card due to its PIN can augur well for the segment.
By application, it is segmented into mobile fueling systems, transport fleet, and others. Mobile fueling systems can garner tremendous revenue for the fuel management system market thanks to being a provisioner of fuel to fleet trucks. The combination of RFID technology and automated systems can be used to track each transaction with ease.
Regional Analysis
The North America region is predicted to dominate the fuel management system market till the end of the forecast period, followed by Europe. This can be credited to improvements in transport infrastructure and high fuel consumption rates in the U.S. and Canada. In addition, logistic solutions dependent on fuel consumption to lower their operational costs and online payment methods are likely to bolster the regional market growth.
The APAC region is touted to experience an impressive CAGR thanks to rapid urbanization and industrialization. Considerable investments in navigation automation and density meters and rise of logistic solution providers thanks to proliferation of ecommerce stores is likely to result in profitable growth for the regional fuel management system market. Rise in foreign direct investment in developing economies of India and China, freight transportation, and increase in development of airports are other factors which can provide growth opportunities for the market to expand successfully.
The Europe region is anticipated to bode well for the fuel management system market owing to number of roadways and railway lines. In addition, the amount of trade between countries in the European Union (EU) and export activities can spark the demand for these systems.
Inquiry before Buying @ https://www.marketresearchfuture.com/sample_request/4394
Competitive Scenario
Notable names operational in the fuel management system market include Sokolis Group, Franklin Fueling Systems, OPW Fuel Management Systems, The Triscan Group, Piusi S.p.a., Banlaw, Orpak Systems Ltd., Guduza System Technologies, Wayne Fueling Systems LLC, Timeplan Fuel Solutions, and others. Launch of mobile applications is seen as a prime solution for gathering clients. Recently, Dover Fueling Solutions introduced the Fairbanks Station Manager 365 for fleet managers to gain keen insights on fuel management.
Table of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Fuel Management System Market, By Type
4.1 Introduction
4.2 Card-Based
4.3 On-Site
4.4 Total Fuel Management
5 Global Fuel Management System Market, By Application
5.1 Introduction
5.2 Mobile Fueling Systems
5.3 Transport Fuel
5.4 Others
6 Regional Market Analysis
6.1 Introduction
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.3 Europe
6.3.1 U.K.
6.3.2 France
6.3.3 Germany
6.3.4 Rest of Europe
6.4 Asia-Pacific
6.4.1 China
6.4.2 Japan
6.4.3 India
6.4.4 Rest of Asia-Pacific
6.5 Rest of The World
Access Full Report @ https://www.marketresearchfuture.com/reports/fuel-management-system-market-4394
Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9332
Email: sales@marketresearchfuture.com
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/fuel-management-system-market-4394