Gas Station Equipment Market By Equipment Type (Fuel Dispensers, Storage Tanks, Pumps, Nozzles, Payment Terminals, EV Charging Stations, Air Compressors, Car Wash Systems, Vapor Recovery Systems); By Fuel Type (Gasoline, Diesel, Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), Electric Charging, Hydrogen Fuel); By Station Type (Retail Gas Stations, Commercial Fleet Stations, Highway Service Stations); By End User (Independent Gas Stations, Branded Gas Stations, Fleet Operators); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The gas station equipment market in 2023 was worth USD 5.2 billion and is expected to be worth USD 8.2 billion by 2030, expanding at a CAGR of 6.5% during the forecast period.

 

The gas station equipment market is stimulated by factors such as the increase in fuel consumption, the development of new networks of fuel stations, and the utilisation of innovative technologies in fuel filling. Since automakers are expected to sell over 70 million units in 2023, there is a growing demand for gas stations or equipment, including dispensers, tanks, and payment systems. A recent development includes integrating digital payment solutions and automated fueling systems, as seen in countries like the U.S. and China, where smart fuel dispensers equipped with contactless payment options have been widely adopted to enhance customer convenience and operational efficiency. Furthermore, the growing importance of energy supply diversification shows that gas station equipment such as CNG and electric charging stations are becoming more popular.

 

The major challenge in developing the gas station equipment market is the overall tendency towards using electric vehicles and developing the necessary EV charging infrastructure. Furthermore, there are heavy initial capital costs in installation and high legal barriers to compliance with various equipment, such as underground storage tanks and vapor recovery.

 

A major opportunity in the gas station equipment market is the development of additional equipment for filling stations in the form of EV charging stations and hydrogen refueling stations. As the number of plug-in electric vehicles around the world has exceeded 20 million units in 2023, it is necessary for gas stations to supplement with electric vehicle charging stations. For instance, Shell and BP have recently established fast-charging stations in their conventional fuelling stations since more EV owners are hitting the roads. Further, the global market is witnessing capital expenditure on hydrogen refueling stations, especially in Europe and Asia Pacific, offering new opportunities to gas station equipment makers.

 

 

Market Segmentation

Equipment Type:

• Fuel Dispensers

• Storage Tanks

• Pumps

• Nozzles

• Payment Terminals

• EV Charging Stations

• Air Compressors

• Car Wash Systems

• Vapor Recovery Systems

 

Fuel Type:

• Gasoline

• Diesel

• Compressed Natural Gas (CNG)

• Liquefied Petroleum Gas (LPG)

• Electric Charging

• Hydrogen Fuel

 

Station Type:

• Retail Gas Stations

• Commercial Fleet Stations

• Highway Service Stations

 

End User:

• Independent Gas Stations

• Branded Gas Stations

• Fleet Operators

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Segment Analysis for the Gas Station Equipment Market

By Equipment Type:

Leading Segment: Fuel Dispensers

Fuel dispensers dominate the market with a share of over 35%, as they are a critical component of any gas station. With the increasing demand for automation, advanced dispensers integrated with digital payment systems are in high demand. Shell’s stations worldwide are equipped with smart fuel dispensers that support contactless payments & real-time monitoring. This segment is expected to grow steadily with a CAGR of 6.5%.

Fastest-Growing Segment: EV Charging Stations

Electric vehicle (EV) charging stations are multiplying quickly, growing at 14% each year. The global shift toward electric vehicles is a big driver behind this boom. Governments in Europe & North America are offering incentives to boost EV infrastructure, fueling this growth. Companies like Tesla are expanding their Supercharger network in the U.S. & the EU, showing how more and more people are adopting EV charging equipment.

 

By Fuel Type:

Leading Segment: Gasoline

Gasoline remains the largest fuel type, accounting for around 45% of the market, due to its dominance in conventional vehicle usage. Regions like North America & APAC have a high density of gasoline vehicles, ensuring consistent demand for gasoline infrastructure. For example, ExxonMobil continues to invest in gasoline dispensing & storage systems across its retail stations.

Fastest-Growing Segment: Electric Charging

Electric charging is the fastest-growing fuel type, with a CAGR exceeding 12%. This growth is propelled by EV adoption & environmental regulations promoting zero-emission vehicles. Companies like ChargePoint & Electrify America are significantly expanding their network of charging stations in urban & highway locations, supporting the rapid growth of this segment.

 

By Station Type:

Leading Segment: Retail Gas Stations

Retail gas stations dominate the market with a share of over 60%, as they serve the general public & are widely established. These stations are upgrading their equipment to include automated payment terminals and vapor recovery systems to enhance customer experience and meet regulatory requirements. For instance, BP is integrating self-service payment systems in its global network of retail stations.

Fastest-Growing Segment: Highway Service Stations

Highway service stations are growing at a CAGR of 9%, driven by the rise in long-distance travel and freight transportation. These stations are increasingly adopting multi-fuel capabilities, including CNG, LPG & EV charging, to cater to diverse needs. For example, India’s Bharat Petroleum has begun installing hydrogen fuel & EV charging systems at highway stations.

 

By End User:

Leading Segment: Branded Gas Stations

Branded gas stations, such as those operated by Shell, BP & Chevron, hold over 50% of the market share. These stations benefit from customer loyalty programs, advanced infrastructure & brand reputation. Branded operators are also adopting innovative technologies such as vapor recovery systems to comply with environmental standards & enhance operational efficiency.

Fastest-Growing Segment: Fleet Operators

Fleet operators are growing the quickest, with an annual growth rate of 10%. Companies are focusing on building dedicated fueling stations to save money & run more efficiently. For example, Amazon's delivery fleet heavily relies on compressed natural gas (CNG) & electric vehicle infrastructure for eco-friendly transportation, which is driving up the demand for equipment designed for fleet use.

 

By Region:

Leading Region: North America

North America dominates the market with a share of over 40%, driven by the large number of gas stations & early adoption of advanced equipment. The U.S. leads the region, with significant investments in EV charging stations and hydrogen fuel infrastructure. Chevron has been upgrading its stations across the U.S. to include vapor recovery & smart payment systems.

Fastest-Growing Region: Asia Pacific

Asia Pacific is the fastest-growing region, with a CAGR of 11%, supported by rising vehicle ownership & government investments in alternative fuel infrastructure. Countries like China & India are heavily investing in CNG & EV charging equipment. China’s push for EV adoption has resulted in over 1.5 Mn public charging points, highlighting the region’s rapid growth potential.

 

Key Players

• Wayne Fueling Systems

• Gilbarco Veeder-Root

• Tokheim Group S.A.S.

• Franklin Fueling Systems

• Tatsuno Corporation

• Scheidt & Bachmann GmbH

• Dresser, Inc.

• Bennett Pump Company

• Censtar Science & Technology Corp., Ltd.

 

Gas Station Equipment Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 5.2 billion
Revenue Forecast in 2030	USD 8.2 billion
Overall Growth Rate	CAGR of 6.5%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Equipment Type, By Fuel Type, By Station Type, By End User, By Region
By Equipment Type	Fuel Dispensers, Storage Tanks, Pumps, Nozzles, Payment Terminals, EV Charging Stations, Air Compressors, Car Wash Systems, Vapor Recovery Systems
By Fuel Type	Gasoline, Diesel, Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), Electric Charging, Hydrogen Fuel
By Station Type	Retail Gas Stations, Commercial Fleet Stations, Highway Service Stations
By End User	Independent Gas Stations, Branded Gas Stations, Fleet Operators
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.