Introduction
The Global Fuel Management System (FMS) Market was valued at USD XXX million in 2019 and is projected to reach USD XXX million by 2025, at a CAGR of XX% from 2020-2025. It is a combination of both software and hardware equipment which encompasses with each other to control, monitor and maintain consumption of fuel and stock in any industry that uses various modes of transport i.e. rail, road, water and air for their business. Its main purpose is to provide solution so that best possible use of fuel can be achieved. Since it substantially reduces losses of fuel it is becoming quite popular among various industry. Additional benefits like reduction in fueling errors and improvement in efficiency and productivity with its implementation has boosted its market in recent years. Also growing transportation infrastructure and day to day rise in automotive and transportation industries has put its growth on positive side as there is countries who are investing in several of those projects to boost their economy and thus providing a very suitable environment for its growth and flourishing, with the introduction of advanced technology its implementation in fuel management system has also made it very practical and its use has also become very friendly which has also drive its usage and market.
High initial installation cost and threat of hacking and cyber attacks are some of the restraining factors in this market.
Geographical Overview
At a global level, North America region was holding the highest market in 2019 and is expected to continue its domination in fuel management system market in coming years as well. Europe holds the second biggest market share for fuel management systems which was driven by various government measures in that region. Asia Pacific region is considered the fastest-growing region as there are many technological advancement implementations which are being seen backed by substantial increase in transportation and construction industry.
Segmental Overview
Fuel Management System Market is segmented as per below specifications
By Offering:
• Hardware
• Software
• Services
By Application:
• Fuel Storage Monitoring
• Access Control and Fuel Dispensing
By Industry:
• Mining & Construction
• Military & Defense
• Oil & Gas
• Transportation & Logistics
• Others
Competitor Analysis
Fuel Management System Market has presence of some of the key major players across globe which includes
• Dover
• Franklin Fueling System
• Gilbarco Veeder-Root
• Triscan Group
• PIUSI
• Banlaw
• Fluid Management Technology
• HID Global
• Multiforce System
• ESI Total Fuel Management
• Triscan Group
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Geographical Locations:
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Italy
o Germany
o Spain
o Russia & CIS
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o South Africa
o Rest of MEA
Highlights of the report
What is Fuel Management System (FMS) Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations
