Global Hanging Hardware Market for Fueling Systems 2017-2021

Overview of the global hanging hardware market for fueling systems

Technavio’s market study identifies the increasing vehicular sales to be one of the primary growth factors for the hanging hardware market for fueling systems. Emerging countries are increasingly emending for passenger and commercial cars, supported by the rising purchasing power of the consumers and significant economic growth. Brazil, Russia, India, China and, South Africa (BRIC) countries are witnessing rapid industrialization and rapid economic growth, contributing towards China accounting for major market share in the automotive market. The launch of new vehicles influences the installation of new fuel stations and hanging hardware for fueling systems. Our market analysts estimate that the market will post a revenue of more than USD 110 million by 2021.

Consumers are increasingly adopting natural gas fueled vehicles and the manufacturers are focusing on fuel alternatives, despite the growing demand for electric vehicles (EVs). Asia and Latin America are witnessing easy access and the availability of natural gas sources are contributing towards the adoption of natural gas-powered vehicles. Additionally, the increased adoption of natural gas as a transport fuel and the installation of natural gas stations will further support the growth of the hanging hardware for fueling systems. The growing fleet of CNG vehicles will be one of the key trends that will contribute to the growth of the hanging hardware market for fueling systems in the coming years.

Competitive landscape and key vendors

The hanging hardware market for fueling systems is moderately fragmented due to the presence of several established international and regional vendors offering a wide product portfolio of hanging hardware for fueling stations. Manufacturers equipped with improved financial and technical resources develop reliable and robust products that attain competitive advantage in the service station hardware market.

The leading vendors in the market are

• Dover Corporation
• Franklin Fueling Systems
• Gilbarco

The other prominent vendors in the market are Blue1USA, Husky, IRPCO, RBM Company, U-Fuel, and Willborn.

Segmentation by end user and analysis of the hanging hardware market for fueling systems

• Diesel and petrol station
• Natural gas station

Developing economies have high demand for petrol and diesel influenced by the growing industrialization. Growing industrialization is consequent in increasing manufacturing of vehicles and increasing construction of new diesel and petrol stations. The high service quality and efficiency provided in a fuel station increases the competitiveness among the fueling companies.

Geographical segmentation and analysis of the hanging hardware market for fueling systems

• Americas
• APAC
• EMEA

APAC is witnessing rising consumption levels of oil and gas, influenced by the increasing development in India, China, and Japan. Government support and increasing investment by the private players is triggering the installation of CNG stations in this region. Fuel companies in India, such as BP, are increasing their investment in the Indian fuel retailing sector after the deregulation of prices.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global hanging hardware market for fueling systems?
• What are the key market trends impacting the growth of the global hanging hardware market for fueling systems?
• What are the challenges to market growth?
• Who are the key vendors in the global hanging hardware market for fueling systems?
• What are the market opportunities and threats faced by the vendors in the global hanging hardware market for fueling systems?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global hanging hardware market for fueling systems?

Technavio also offers customization on reports based on specific client requirement.