Fuel Management System Market Fuel Management System Market | Page 2

Transportation and logistics, mining and construction, oil & gas, military & defense, and other end-users could
be explored in the fuel management system industry in the forecast period. Mining and construction sector
accounted for the substantial market share of the fuel management system and is estimated to lead the overall
market in the years to come. The reason could be the growing demand from developing regions.
Globally, North America accounted for the substantial market share of the fuel management system and is
estimated to lead the overall market in the years to come. The reason behind the overall market growth could
be the acceptance of fuel management systems in the United States. The United States is a major consumer of
the fuel management system in this region.
The Asia Pacific and Europe are also estimated to have a positive influence on future growth. The Asia Pacific is
the second largest region with significant market share. The developing countries like India and China are the
major consumers of the fuel management system in this region. However, Europe is estimated to grow at the
highest CAGR in the forecast period.
The key players of the fuel management system market are Fluid Management Technology, Gilbarco Veeder-
Root, Banlaw, Dover, Road Track, Franklin Fueling Systems, Multiforce Systems, PIUSI, HID Global, and Triscan
Group. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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