Global Refueling Robots Market – High Efficiency and Flexibility of Installation Boosts Growth | Technavio

LONDON–(BUSINESS WIRE)–#Research–The latest market research report by Technavio
on the global
refueling robots market predicts a CAGR of around 9%
during the period 2018-2022.

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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