On-Demand Fuel Delivery Market Size, Share, Growth, and Industry Growth by Type (Liquid Fuel, Gas Fuel and Electricity) By Application (Genset Refuelling, Fleet Refuelling and Industrial Refuelling), Regional Insights, and Forecast From 2031

Updated On: 13 November 2023

On-Demand Fuel Delivery Market REPORT OVERVIEW

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The global on-demand fuel delivery market size was USD 214.97 million in 2021 and market is projected to touch USD 1177.5 million by 2031, exhibiting a compound annual growth rate (CAGR) of 18.54% from 2021 to 2031.

A gas and oil delivery service that comes right to your car anytime it needs fuel. These fueling stations are more compact than standard fueling stations. As a result, there is a considerable need for gasoline delivery systems that operate on demand. An emerging trend in the on-demand gasoline delivery business in the energy sector is the use of mobile fuel pumps, which have been put into place as pilot projects in various nations. The market is growing due to the rise in oil and gas consumption brought on by industrialization, population expansion, and urbanization. In contrast to conventional gasoline delivery/stations, which are not only more expensive but also take longer, on-demand fuel delivery systems provide a convenient substitute.

The on-demand gasoline delivery system uses geofencing enabled bowsers, which are technologically enhanced bowsers that are only functional in geofenced regions, eliminating the potential of theft or adulteration. An on-demand fuel delivery app is a significant component of the technology behind the on-demand fuel delivery system that greatly simplifies everyone's life and principally serves as a means of addressing the problem of gasoline adulteration. On-demand fuel delivery market trends are predicted to flourish as a result of these technologies, which are expected to provide a favorable environment.

COVID-19 Impact: Supply Chain Disruptions to Hinder the On- Demand Fuel Delivery Market Growth

Covid badly affected the on- demand fuel delivery market due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand.

LATEST TRENDS

"Developing Economies, Surge in Passenger Car and Commercial Vehicles Sales to Boost the Market Growth"

Due to a surge in passenger car and commercial vehicle sales and production, particularly in developing economies like India and China, the worldwide market is predicted to have substantial penetration in the near future.

Additionally, the increasing use of natural gas automobiles across a number of nations is anticipated to support the expansion of the worldwide on-demand fuel delivery market.

The market for on-demand gasoline delivery is now changing swiftly, with the expansion in sales across all vehicle segments acting as its main driver.

Additionally, technical developments targeted at enhancing engine fuel economy and efficiency have a significant impact on the industry.

On-Demand Fuel Delivery Market Segmentation

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• By Type Analysis

By type, market is segmented into liquid fuel, gas fuel and electricity. The liquid fuel segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into genset refueling, fleet refueling and industrial refueling. The genset refueling segment will lead the global share through 2031.

DRIVING FACTORS

"Large Commercial Vehicles and Hybrid Vehicles to Push the Market"

The worldwide on-demand fuel delivery industry seems to have a promising future within the anticipated time frame, with prospects in passenger automobiles, large commercial vehicles, hybrid vehicles, and light commercial vehicles.

The emphasis on the usage of electric cars, the rise in demand for high efficiency engines, and the surge in demand for commercial vehicles are three new developments in the on-demand fuel delivery market that have a direct bearing on industry dynamics.

"Increase in Demand for Gasoline Distribution System to Propel the Market Demands"

An increase in demand for gasoline distribution systems that are simple to use is driving the global market. Sales of on-demand gasoline delivery systems are predicted to soar along with the growth in the demand for vehicles. On-demand gasoline delivery systems are becoming more popular, though, as a result of the rising demand for vehicles.

The need for on-demand fuel delivery systems is fueled by the fact that fuel systems are utilized in all sorts of cars, whether the fuel is compressed natural gas (CNG) or gasoline. As they try to create technologically cutting-edge designs for on-demand fuel delivery systems in order to minimize fuel emissions and boost vehicle economy, automotive manufacturers are fostering the market trends for on-demand fuel delivery.

RESTRAINING FACTORS

"Extremely Combustible Properties of Compressed Natural Gas and Gasoline to Constrain the Market"

The market for mobile fuel distribution might be constrained by the extremely combustible properties of compressed natural gas and gasoline. This necessitates the development of safe and secure mechanisms that have been approved by the appropriate authorities. The modalities are reportedly being developed by various nations, and they are expected to open up in the future with all safety precautions in place that have been issued by relevant authorities.

On-Demand Fuel Delivery Market REGIONAL INSIGHTS

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"North America to Hold the Largest Global On- Demand Fuel Delivery Market Share"

A substantial portion of the on-demand gasoline delivery industry is expected to be absorbed by North America because of the high demand for new and advanced automobiles.

The on-demand mobile fuel sector has a unique chance to have a large influence on the retail gas market since there are fewer gas stations in the United States, which is another factor.

Due to a growing need for car fuel delivery systems, Asia-Pacific is predicted to advance quickly in the worldwide on-demand fuel delivery market.

Europe, however, is thought of as a market that is developed and growing slowly compared to others.

Additionally, the global on-demand fuel delivery market is anticipated to grow due to improved financial and population conditions.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Cafu (UAE)
• Ez Fill (U.S.)
• Yoshi (U.S.)
• Gaston (U.S.)
• My Petrol Pump (Bangladesh)
• Fuel time (India)
• Booster (U.S.)
• Fuelster (U.S.)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.