Global Fuel Station Market Report and Forecast 2024-2032

Global Fuel Station Market Outlook

The global fuel station market would likely grow at a CAGR of 3.4% during 2024-2032. A fuelling station (also called fuel station, filling station, service station, gas station, or petrol station) refers to a facility that sells lubricants and fuel for motor vehicles.

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Commonly sold fuels include gasoline (petrol) or diesel fuel. Certain stations also offer specialty fuels, like LPG, CNG, biodiesel, hydrogen, kerosine, or ethanol. Fuelling stations have also come to sell  butane and include shops to their core business. Today, convenience stores are commonly found alongside pumps. Asia, North America and Europe are likely to be key markets.

Global Market Likely to be Driven by Demand for Fuel Stations Offering Superior Experiences

Generally, two kinds of fuelling stations are found in the USA – discount and premium brands. Fuelling stations offering premium brands vend renowned, often international gasoline brands, such as Exxon (and its Esso brand),  Chevron, Citgo, Shell, Mobil,  BP, Sinclair,  Valero and Texaco. Non-global premium brands include Petro-Canada, Petrobras, and Pemex. While such stations acknowledge credit cards, issue their own company cards (such as fuel cards) and might charge higher prices, these generally have many locations and more available pumps. Premium stations are generally cleaner and have brighter lighting; many stations offer greater convenience and ease through wholly automatic pay-at-the-pump facilities. Premium stations also have better visibility (as these use tall, bright signs to demonstrate their brand logos) and may be readily visible from freeway exits and highways. Consumers seeking superior experience are generally drawn to such stations. Superior customer experience offered by these stations is expected to help boost the global fuel station market.

Discount brands, on the other hand, are generally smaller, domestic chains or autonomous stations, offering lower gasoline prices. Many buy wholesale gasoline from autonomous suppliers or from key petroleum companies. Sometimes, discount brands accept only cash, however, some others might accept credit cards. Discount stations generally have fewer locations, and sometimes, obsolete technology (for example, non-digital readouts on pumps). In the USA, examples of discount gas station chains include Rotten Robbie, Valero, and USA Gasoline.

Major International Brands Have a Presence Across the World

In some countries, there is only one major fuelling station brand. For example, in Mexico where the state owns the oil industry and prices are controlled, the key fuel station operator is Pemex. In Malaysia, Shell is the primary player, followed by Petronas.

Majority of international brands like ExxonMobil and Shell use their brand across the world, however, brands like Chevron use their inherited brand Caltex in Africa, Asia Pacific, and Australia, and its Texaco brand in Latin America and Europe. BP and Shell are major brands in Britain. Indian Oil runs nearly 15000 Petrol Stations in India. Bharat Petroleum is a renowned brand in India with quality products and nearly 18,622 fuel stations. It has several offerings like Diesel, Petrol, Automotive LPG and CNG, along with premium petrol products like Speed and Speed 97 for superior experience for driving enthusiasts. The brand also offers specialized Fuel Station formats such as Highway Star, Ghar, Pure for Sure, and other services ensuring a good business experience. Looking to offer convenience, Bharat Petroleum offers SmartDrive an app that enables travellers to identify the closest fuel stations. Strong brands and superior offerings are expected to drive the global fuel station market.

Unmanned, Automatic Fuel Stations Expected to Increase in Future

Companies like Krampitz offer solutions like automatic petrol stations that are safe, dependable, and robust, and capable of functioning without manual intervention round the clock. Such solutions would render large fuel stations less necessary. Unmanned gas station containers may be established almost everywhere with minimum effort, and are capable of being shifted to another site. The customers may just pay with their credit or debit card, and the fuel worth that amount is released. The fuel station is equipped with camera system, sensors, and central control, and capable of regulating itself permanently, offering a high level of security. Such solutions are likely to help boost the global fuel station market.

Market Segmentation

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By fuel, the market is divided into:

• Diesel

• Gas

• Gasoline

• Others

By end user, the market is classified into:

• Air Transport Vehicles

• Road Transport Vehicles

• Water Transport Vehicles

By region, the market is segmented into:

• Europe

• North America

• Latin America

• Asia Pacific

• Middle East and Africa

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Key Industry Players in the Market

The report offers an extensive assessment of major players in the global fuel station market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:

• Shell plc

• BP p.l.c.

• TotalEnergies SE

• Exxon Mobil Corporation

• China National Petroleum Corporation

• CNOOC Limited

• Aldrees Petroleum & Transport Services Co.

• ENOC Company

• Phillips 66 Company

• Indian Oil Corporation

• Others

Using SWOT analysis and Porter’s Five Forces model, the EMR report offers deep insights into the industry.

Key Highlights of the Report