The report segments the global refueling robots market by end-user (commercial sector and mining sector) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global refueling robots market, according to Technavio industrial automation researchers:
- High efficiency and flexibility of installation: a major market driver
- Payment for refueling through mobile applications: emerging market trend
- EMEA dominated the global refueling robots market with more than 43% share in 2017
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High efficiency and flexibility of installation: a major market driver
The high efficiency and flexibility of installation is one of the major factors driving the global refueling robots market. The refueling robots provide convenience regardless of the weather conditions, locations, and placement of the system. The ability of these robots to perform with optimal efficiency even though the passengers remain seated in the vehicle is anticipated to add to the demand for this solution, predominantly in those countries that have extreme climatic conditions with rain, wind, heat, and snow most of the year.
According to a senior analyst at Technavio for research on robotics, “Manned fueling stations require the constant presence of workers. Thus, such fueling stations require facilities such as canopy, refueling station platform, and others. However, a refueling robot can be placed on the circuit or in the pit as per the need of the location. This is one of the reasons why refueling robots find wide scope for application in the mining sector, where fueling facilities are located at remote locations near mines.”
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Payment for refueling through mobile applications: emerging market trend
The market vendors are not only concentrating on providing refueling robots as a product but are also looking to assist customers in making payments for refueling. These companies are facilitating customers by offering easy payment options such as mobile applications. With the increasing acceptance of this option among more people for banking, grocery shopping, restaurant booking, and others, refueling robot vendors are offering the same for refueling payment. Therefore, customers are only required to log in from the app and do some mandatory procedures at the payment-receiving machine.
Global market opportunities
The global refueling robots market was dominated by EMEA in 2017, accounting for a market share of more than 43%. This region is anticipated to remain dominant during the forecast period. The European countries such as Sweden, Italy, and the US are the major markets for refueling. This along with competitive refueling retailing in these countries makes them high-potential and major markets for refueling robots during the forecast period. However, the Americas is likely to show the highest growth, followed by EMEA and APAC during the forecast period.
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