Dublin, June 19, 2023 (GLOBE NEWSWIRE) -- The "Fuel Management Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Fuel Management Systems estimated at US$587.3 Million in the year 2022, is projected to reach a revised size of US$892.7 Million by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030.
Hardware, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$373.3 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 6.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $236 Million, While China is Forecast to Grow at 7.6% CAGR
The Fuel Management Systems market in the U.S. is estimated at US$236 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$152.8 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Select Competitors (Total 64 Featured) -
- Assetworks
- Banlaw
- Dover Fueling Solutions
- ESI Total Fuel Management
- Fluid Management Technology Pty Ltd.
- Franklin Fueling Systems
- Gilbarco Veeder-Root
- Guduza System Technologies (Pty) Ltd.
- HID Global Corporation
- Multiforce Systems Corporation
- Newlea Fuel Systems Ltd.
- Piusi S.p.a
- Road Track
- Romteck Australia
- Sentinel Fuel Products Ltd.
- SmartFlow Technologies
- TECHNOTRADE International, Inc.
- Timeplan Fuel Solutions Ltd.
- Triscan Group
- World Fuel Services Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 394 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $587.3 Million |
| Forecasted Market Value (USD) by 2030 | $892.7 Million |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Fuel Management Systems: An Introduction
- Market Prospects and Outlook
- Developed Economies Lead Global FMS Market, Developing Regions to Drive Future Growth
- Hardware in Fuel Management Systems
- Physical ID Tokens for Identification of Vehicles and Equipment for Fueling
- Fuel Management Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Fuel Management System Competitor Market Share Scenario Worldwide (in %): 2019
- Fuel Management System Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Depleting World Oil Reserves & Focus on Environment Protection Step Up the Emphasis on Fuel Management as a Critical Part of Energy Efficiency Management
- Growing Popularity of Energy Audits in the Transportation Industry Magnifies the Importance of Fuel Management: Global Investments in Energy Efficiency (In US$ Billion) for the Years 2016 and 2018 by Industry
- Crude Oil Proved Reserves in Billion Barrels by Geographic Region for the Years 2015 through 2018
- Although Debatable if Carbon Tax is the Silver Bullet for Climate Change, it is Nevertheless a Watershed Event for the Fuel Management Systems Market
- For Companies with Transport Fleets, Now is the Time to Face the Carbon Taxes Reality With Fuel Management Systems: Price of Carbon Emission in US$ per Metric Ton of CO2-Equivalent by Select Countries: 2019
- Projected Increases in Carbon Prices Will Increase the Emission Burden in a Broad Range of Industries: Percentage Share of Carbon Dioxide Emissions Worldwide by Price: 2019
- As Global Emissions Escalate, the Rising Sense of Urgency Will Give Carbon Taxes a Larger Role to Play in Climate Change Goals: Global Fossil Fuel Emissions in Gigatonnes of CO2 Equivalent for the Years 1990, 2010, 2019 and 2022
- Volatility in Fuel Prices Drives Demand for Fuel Management Systems
- Spot Crude Oil Prices ($/barrel) in Select Countries for the Years 2015 through 2018
- Average Annual OPEC Crude Oil Price (in $/barrel) for the Years 2010 through 2019
- Technologically Advanced Solutions Fuel Growth
- Cloud-Based Solutions Gain Demand for Fuel Management of Fleets
- Growth in Transport Infrastructure Auger Well for Market Growth
- Global Infrastructure Spending Estimates (as a Percentage of GDP) by Sector for 2007-2016 and 2017-2040
- Percentage Breakdown Global Greenhouse Gas Emissions from Transportation by Segment: 2018
- Fuel Management Systems Gain Traction as Commercial Fleets Shift Focus on Operational Efficiencies
- Commercial Cars & Trucks in Service in Thousands in the US for the Years 2016, 2017 & 2018
- Rise in Number of Fuel Stations to Boost Demand for Fuel Management Systems
- Growing Use of Biofuel Poses New Challenges
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/5s58dk
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