Businesses in the Fuel Retailing industry have contended with volatile operating conditions. Fluctuating global crude oil, diesel fuel and petrol fuel prices have severely impacted the industry. A global oversupply of oil, compounded by sharply deteriorating demand because of the pandemic in 2019-20, reduced oil prices over the second half of that year. This trend filtered downstream through lower retail fuel prices, sharply reducing industry revenue in the same year. However, the Russia-Ukraine conflict caused a global crude oil supply deficit, heightening oil prices and boosting industry revenue as retailers passed costs on to customers. IBISWorld modelling projects revenue to climb by an annualised 4.4% over the five years through 2024-25 to $58.7 billion. This trend includes a dip of 4.5% in 2024-25, caused by a moderation of global crude oil prices. The industry's main fuel-related products are petroleum and diesel. Diesel sales have grown as more motorists have switched to diesel vehicles, which typically offer greater fuel economy. Energy-efficient hybrid or electric vehicles have become increasingly popular with motorists, threatening fuel demand. Industry profit margins are slim, with a high fuel turnover required to make a business viable. Most industry profit comes from selling non-fuel products like confectionery and tobacco. The recent hikes in US crude oil production are helping combat the deliberate slowing of OPEC+ drilling activity, which the alliance has performed to support crude oil prices. If plans to restart maximum capacity drillings come to fruition, world fuel prices will recede, providing relief at the bowser for domestic consumers and resulting in greater overall fuel consumption. Industry revenue is expected to strengthen at an annualised 1.1% through 2029-30 to $62.2 billion, partly thanks to a rising number of motor vehicles. Continued uptake of more fuel-efficient vehicles like hybrid cars is poised to constrain fuel demand growth. Still, the energy transition presents an opportunity for market domination for fuel retailers that adapt by rolling out EV charging stations.

By the end of financial year 2023, there were almost 1,440 fuel retailing companies operating in Australia's New South Wales. In comparison, only 25 businesses in that sector were operating in the Australian Capital Territory.

According to Cognitive Market Research, the global Gas Station Equipment Market size will be USD 7125.4 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.60% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 2636.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 2066.37 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 1710.10 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 270.77 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 285.02 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue and was estimated at a market size of USD 156.76 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2033.
Commercial fleets are expected to be the fastest growing segment of the Gas Station Equipment Market industry

Market Dynamics of Gas Station Equipment Market

Key Drivers for Gas Station Equipment Market

Impact of Travel and Tourism Industry on Gas Station Equipment Market

The expansion of the travel and tourism industry is expected to drive future growth in the gas station equipment market. The travel and tourism industry includes all activities and services involving the movement of people from one location to another for leisure, business, or other reasons. The growth of the travel and tourism industry is primarily due to increased global air travel accessibility, rising consumer demand for travel experiences, and supportive government policies. Gas station equipment benefits the travel and tourism industry by providing consistent fuel supplies, improving customer convenience, ensuring safety, and providing additional services, resulting in smooth and efficient travel experiences for tourists. For instance, in December 2023, the Australian Bureau of Statistics, an Australian government administration, reported that domestic tourism spending increased by $34.9 billion, reaching $124.9 billion, while international tourism increased by $17.7 billion, reaching $23.6 billion in chain volume. As a result, the expansion of the travel and tourism industry propels the growth of the gas station equipment market

https://www.abs.gov.au/statistics/economy/national-accounts/tourism-satellite-account/2022-23”/

Increasing Vehicle Fuel Demand and The Gas Station Equipment Market

The rising demand for vehicle fuel is expected to drive future growth in the gas station equipment Market. Vehicle fuel includes gasoline and any other inflammable or combustible gas or liquid that is used to power motor vehicles. The increase in vehicle production and sales leads to an increase in demand for vehicle fuel sold at gas stations; thus, demand for vehicle fuel is directly proportional to the growth of the gasoline station market. According to the Energy Information Administration (EIA), a US government agency, annual average gasoline consumption in the US increased by 0.3 million barrels per day (b/d) in 2022. As a result, demand for vehicle fuel drives the expansion of the gas station equipment market.

https://www.eia.gov/todayinenergy/detail.php?id=55179”/

Restraint Factor for the Gas Station Equipment Market

High initial investment and maintenance costs Limit Market Growth

The high initial cost and maintenance expenses severely limit the growth of the gas station equipment market. The initial costs of purchasing and installing sophisticated equipment, such as fuel dispensers, storage tanks, and point-of-sale systems, can be significant. Furthermore, the ongoing need for periodic maintenance, repair, and upgrade adds to the cost. These exorbitant prices may discourage potential investors and limit gas station owners' ability to implement new technologies, stifling market growth and innovation in the industry Introduction of the Gas Station Equi...

AbstractThis web service provides access to the National Liquid Fuel Facilities Datasets, representing the spatial locations of all known petrol stations located within Australia, all complemented with feature attribution.The purpose of the Petrol Stations is to support decision makers from industry, governments and other interested parties make better, and more informed decisions based on evidence based information.All petrol stations listed on the owner/operator websites have been captured but facilities owned/operated by smaller distributors may have been missed.The next revision of this database will be determined by Geoscience Australia’s work program. This timeframe ranges between 1 and 5 years or by formal written agreement with Geoscience Australia.CurrencyDate modified: September 2022Modification frequency: Between 1 and 5 yearsData extentSpatial extentNorth: -9.00°South: -44.00°East: 154.00°West: 112.00°Temporal extentFrom July 2012 to September 2022Source informationWhere updates were not completed the primary information sources were used to identify and attribute the petrol stations from the owner/operator websites. In the majority of instances, the websites provided a location list or map application and the petrol stations location were then validated against imagery. For the New South Wales update the NSW Fuel API was used. For Queensland update the Fuel Prices direct API was used. For Western Australia update the FuelWatch RSS feed was used. The Geocoded National Address File (GNAF) data was then used to address match data though attributional and spatial methods.Catalog entry: Petrol StationsLineage statementThe petrol stations dataset was released as a subset of the Liquid Fuels Facilities as a web service in February 2016 and has been used within the following dataset where updates were not available. It was initially digitized in 2011/2012 from the library of imagery held within Geoscience Australia. Imagery used ranged from 0.15m to 2.5m resolution. The new updates to the states include New South Wales receiving a complete update via the NSW Fuel API that is supported by the Department of Customer Service. Queensland receiving a complete update using the Queensland Fuel Prices direct API supported by the Department of Energy and Public Works. Western Australia receiving a partial update with newly identified data utilising the FuelWatch RSS feed which is supported by the Department of Mines, Industry Regulation and Safety. The GNAF data was then used to complete a string match on the address names in the initial instance. Unmatched records we then ran through a near neighbour algorithm in an attempt to address match at 10m, 20m, 30m, 50m, 60m and 100m intervals. The dataset contains both the original address and attribute information along with the GNAF unique PID and relevant address attribution.Data dictionaryAll layersAttribute nameDescriptionDISTANCE_TO_GNAFDistance of the GNAF from the petrol Station location point in metres (0 to 100m) and greater than 100mFEATURE_TYPEDescribes the type of featureGNAF_ADDRESS_DETAIL_PIDThe unique ID defined within the G-NAF address dataGNAF_ASSIGNMENT_METHODThe method used to capture the spatial component of the data and compare to G-NAFGNAF_CONFIDENCE2 - This reflects that all three contributors have supplied an identical address; 1 - This reflects that a match has been achieved between only two contributors; 0 - This reflects that a single contributor holds this address and no match has been achieved with either or the other two contributors; -1 - Was not used in this processGNAF_FORMATTED_ADDRESSThe G-NAF address where this feature is locatedGNAF_POSTCODEThe G-NAF postcode where this feature is locatedGNAF_SUBURBThe G-NAF suburb where this feature is locatedINDUSTRY_IDIndustry ID of the petrol stationOPERATIONAL_STATUSA description of the feature’s statusSPATIAL_CONFIDENCEA confidence value (5 = high to 1 = low) of the feature’s spatial location as assigned by the spatial professionalSTATION_ADDRESSThe address of this featureSTATION_DESCRIPTIONBrief description of the feature typeSTATION_NAMEThe name of this featureSTATION_OWNEROwner of the facilitySTATION_POSTCODEPostcode for the physical street address of this featureSTATION_REVISED_DATEThe date the feature was last revisedSTATION_STATEThe state where this feature is locatedSTATION_SUBURBThe suburb where this feature is locatedContactGeoscience Australia, clientservices@ga.gov.au

The Australian fuel or lubricating pump market rose markedly to $1.6B in 2024, growing by 13% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the peak level in 2024 and is expected to retain growth in the near future.

The Australian thermal power station market, valued at approximately $XX million in 2025, is projected to experience robust growth over the forecast period (2025-2033), driven by a CAGR exceeding 1.40%. This growth is fueled by increasing energy demand from a growing population and industrial activities. However, the market faces significant headwinds from the increasing adoption of renewable energy sources, stringent environmental regulations aimed at reducing carbon emissions, and the fluctuating prices of fossil fuels (coal, natural gas, and oil). The market is segmented by fuel source, with coal, natural gas, and oil-fired plants contributing to the overall capacity. Key players like Origin Energy Ltd, Stanwell Corporation Limited, and AGL Energy Limited are actively involved, navigating the transition towards cleaner energy while maintaining operational efficiency and profitability. Despite challenges, the continued need for baseload power and potential investments in carbon capture technologies could support market expansion in the coming years. The market's trajectory will depend significantly on government policies regarding renewable energy mandates and emissions targets, alongside the economic viability of thermal power generation against emerging alternatives. The historical period (2019-2024) likely witnessed a period of growth followed by potential stagnation or even slight decline in the later years due to the increasing pressure to transition towards renewable energy. The future growth will hinge on a balance between meeting immediate energy demands, transitioning towards cleaner energy, and the economic feasibility of thermal plants within a changing regulatory landscape. The regional analysis, focusing on Australia, needs further detailed data to provide a more comprehensive market segmentation and breakdown of growth drivers at the regional level. The competitive landscape suggests ongoing consolidation and adaptation among existing players as they integrate renewable energy solutions and adjust their strategies to comply with stricter environmental standards. Notable trends are: Natural Gas-Based Power to Witness Significant Growth.

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Diesel Fuel Retail Sales Market Size 2025-2029

The diesel fuel retail sales market is forecasted to grow by USD billion at a CAGR of 2.8% during the forecast period. Exact values for this market can be accessed upon purchasing the report.

The market is experiencing significant growth due to several key factors. One of the primary drivers is the increasing adoption of e-commerce and logistics, which has led to a surge in demand for diesel fuel to power delivery vehicles. Additionally, technological advancements in diesel engines have made them more efficient and environmentally friendly, making them an attractive option for consumers and businesses alike. However, the market is also facing challenges from stringent environmental regulations, which are driving up costs for diesel fuel producers and retailers. These regulations are leading to the development of alternative fuels and technologies, which could potentially disrupt the market in the future.
Overall, the market is expected to grow steadily over the next few years, driven by these key trends and challenges.

To access the full market forecast and comprehensive analysis, Buy Now

How is this market segmented?

The market is a significant segment of the global petroleum industry, characterized by economic fluctuations and evolving consumer preferences. With the increasing focus on reducing greenhouse gas emissions and mitigating climate change, the demand for diesel fuel is shifting towards more sustainable alternatives. Hybrid vehicles and electric vehicles are gaining popularity, leading to a decline in diesel sales. However, the transition to renewable energy is not an overnight process, and diesel will continue to play a crucial role in the energy mix. Economic factors, such as fuel prices and economic conditions, significantly impact the market. Regulatory pressures, including environmental regulations and carbon emissions targets, are driving innovation in engine oil, fuel additives, and lubricants to improve fuel efficiency and reduce carbon emissions.
The infrastructure development of fuel stations and investment in automation and customer experience are essential for profitability and staying competitive. The market is also influenced by the availability and adoption of alternative fuels, such as biodiesel and other renewable energy sources. The energy transition presents both opportunities and challenges for businesses in this sector, requiring a flexible business model and a commitment to sustainability. Overall, the market is an essential component of the global energy landscape, undergoing continuous change and adaptation to meet the evolving needs of consumers and the economy.

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in USD bn for the period 2025-2029, as well as historical data from 2019-2024 for the following segments:

Sales Channel

  Gasoline Stations
  Gasoline Stations with Convenience Stores
  Fuel Dealers


Geography

  APAC

    China
    India
    Japan


  Europe

    Germany
    UK
    Italy
    Spain


  North America

    Canada
    US


  South America & MEA

By Sales Channel Insights

The gasoline stations segment is estimated to witness significant growth during the forecast period.

The market is a significant sector within the global energy industry. According to the market is expected to experience steady growth due to the increasing demand for diesel fuel in various sectors such as transportation, construction, and power generation. Key factors driving this growth include the expanding industrial sector and the shift towards heavy-duty vehicles. Additionally, economic growth in developing countries is expected to boost demand for diesel fuel in the coming years. Market research firms also highlight the importance of supply-demand balance and government regulations in shaping the market dynamics.

Overall, the market is expected to remain a vital component of the global energy landscape.

Regional Analysis

The market experienced significant growth in the North American region in the year 2021, accounting for the largest market share. This region is expected to present lucrative opportunities for market participants in the upcoming years. Factors such as increasing transportation sectors and growing industrialization will significantly contribute to the market expansion in this region. Approximately 50% of the market growth is projected to originate from North America during the forecast period. The United States and Canada are the key markets for diesel fuel retail sales in North America. Market growth in this region is anticipated to be faster than in other regions due to the aforementioned factors.

Market Dynamics

Our diesel fuel retail sales market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and chal

Learn about the increasing demand for fuel, lubricating, and cooling-medium pumps for internal combustion engines in Australia and how the market is expected to grow over the next decade.

The U.S. Gas Turbine Market size was valued at USD 5.10 USD Billion in 2023 and is projected to reach USD 6.97 USD Billion by 2032, exhibiting a CAGR of 4.56 % during the forecast period. Gas turbines are combustion engines that are designed to either use natural gas, or other liquid fuels, and convert them into mechanical power. Generating thus this energy is able to power as a generator to produce electrical energy. Gas turbines are ubiquitous in the power sector, aviation, and industrial manufacturing setting because of their excellent economy of disposal and reliability. There are three main types: Phaser: industrial gas turbines, aeroderivative gas turbines, and microturbines. High points of this engine are the ability to provide power equivalent to other engines of much larger sizes and diverse option in fuel usage. The past decade can be viewed as a time in which U. S. technologists have made a lot of progress in materials research and technologies required for cooling to enhance the efficiency of the turbine and reduce emissions, and renewable sources integration for a clean power grid. Recent developments include: September 2023- Rolls-Royce developed a new gas turbine to power hybrid-electric flight and completed its first fuel burn. The engine is designed using new combustion technology to produce extremely low emissions, and this critical achievement confirms the efficiency of the compact, high-output turbine that will be integrated into the lightweight turbine generator system., August 2023- General Electric Company's GE unit, GE Vernova's Gas Power business, received two orders from its subsidiary East Asia Power Co., Ltd. of Royal Golden Eagle Group and Beijing International Energy Group Co., Ltd. to provide four units of gas turbine 6F.03. GE Vernova brings together the combined operations of GE Digital, Renewable Energy and GE., March 2023- GE launched its newest high-efficiency gas turbine, which consumes less natural gas and is to be deployed at the 435-megawatt Tallawarra Power Station in Sydney, Australia.. Key drivers for this market are: Increasing Emphasis on Replacing Nuclear and Coal Turbines with Gas Turbines to Fuel the Market Growth. Potential restraints include: Volatility in Natural Gas Prices May Hinder the Market Growth. Notable trends are: Growth of the Aviation Industry and Increase in Electricity Consumption.

The Report Covers Thermal Power Generation Companies in Australia and the market is segmented by Source (Coal, Natural Gas, and Oil).

Learn about the rising demand for fuel and lubricating pumps in Australia and how market performance is expected to increase slightly over the next decade, with a projected 0.4% CAGR in volume and 1.0% CAGR in value terms.

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CNG Compressors Market Size 2024-2028

The cng compressors market size is forecast to increase by USD 1.3 billion, at a CAGR of 3.71% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing adoption of compressed natural gas (CNG) as a viable alternative fuel for transportation. The surge in the number of CNG-powered vehicles is a key market driver, as governments worldwide promote the use of cleaner fuels to reduce emissions and mitigate the environmental impact of the transportation sector. However, this market faces challenges as well. Intense competition from alternative fuels, such as liquefied natural gas (LNG) and electricity, poses a significant threat. CNG compressors must prove their cost-effectiveness and efficiency to remain competitive in this landscape. Additionally, the infrastructure required for CNG production and distribution adds complexity and cost to the market. Addressing these challenges will require innovative solutions and strategic partnerships to streamline operations and optimize efficiency. Companies seeking to capitalize on the growth opportunities in the market must focus on cost reduction, operational excellence, and strategic collaborations to remain competitive and thrive in this dynamic landscape.

What will be the Size of the CNG Compressors Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free SampleThe compressors market for Compressed Natural Gas (CNG) continues to evolve, driven by dynamic market forces and applications across various sectors. Fueling stations and dispensing systems are at the forefront of this development, with safety valves and emissions regulations playing crucial roles. Infrastructure development and international standards are shaping distribution networks and supply chain management, while cooling systems and vehicle integration optimize operational costs. Pressure sensors and data analytics enable smart compressors, enhancing efficiency and reducing fuel costs. Natural gas fueling and repair costs are influencing the shift towards electric motors and lubrication systems. Rotary screw, diaphragm, and centrifugal compressors each bring unique advantages to the table, with innovation in CNG driving the adoption of reciprocating and centrifugal compressors. Safety standards and remote monitoring systems ensure regulatory compliance and minimize environmental impact. Filtration systems and high-pressure cylinders extend component lifespan, while gas compression technology advances through material science and energy efficiency. Noise levels and IoT integration are key considerations in the evolving landscape. Diesel engines and installation costs are being challenged by the growing popularity of CNG, with industry standards and certification processes ensuring quality control. Pipeline infrastructure and gas storage tanks are essential components of the CNG ecosystem, shaping the future of this continuously unfolding market.

How is this CNG Compressors Industry segmented?

The cng compressors industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductReciprocating compressorRotary compressorDynamic compressorApplicationIndustrialCommercialGeographyNorth AmericaUSCanadaAPACAustraliaChinaIndiaRest of World (ROW)

By Product Insights

The reciprocating compressor segment is estimated to witness significant growth during the forecast period.The reciprocating compressor segment significantly contributes to The market, providing efficient compression solutions for natural gas storage and transportation. Reciprocating compressors utilize reciprocating motion to compress natural gas, making them versatile for various applications, including refueling stations, industrial processes, and fleet vehicles. Their ability to handle fluctuating flow rates and pressures ensures flexibility and dependability in CNG compression systems. Major players in the market specialize in manufacturing reciprocating compressors for the CNG industry, catering to diverse customer needs and industry standards. Ariel Corp., for instance, is a leading company known for its innovative compressor designs and robust engineering solutions. Pressure sensors, electric motors, lubrication systems, and cooling systems are essential components of reciprocating compressors, contributing to their overall performance and longevity. Natural gas fueling infrastructure development, including refueling stations and fuel dispensing systems, relies heavily on these compressors. Emissions regulations and safety standards mandate the use of advanced technologies, such as data analytics, rem

Apco Service Stations is a Proprietary Company that generates the majority of its income from the Fuel Retailing industry.

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Convenience Stores Market Size 2025-2029

The convenience stores market size is forecast to increase by USD 1036.9 billion, at a CAGR of 7.1% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for convenient food products. Consumers' preferences are shifting towards quick and easy meal solutions, leading to a surge in demand for ready-to-eat and ready-to-heat food items. Another trend shaping the market is the rise of private-label brands, which are gaining popularity due to their affordability and perceived quality. However, the market faces challenges as well. The increasing trend towards online retailing and e-commerce is changing buying behavior, with more consumers opting for home delivery and curbside pick-up options. This shift is forcing convenience stores to adapt and find ways to compete effectively in this new landscape. Additionally, the growing focus on health and wellness is leading to increased demand for healthier food options, presenting both an opportunity and a challenge for convenience stores to offer more nutritious choices while maintaining profitability. To capitalize on market opportunities and navigate challenges effectively, convenience store operators must stay agile and responsive to changing consumer preferences and trends.

What will be the Size of the Convenience Stores Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by dynamic market dynamics and shifting consumer behaviors. Automated retail solutions, such as inventory tracking and demand planning, enable retailers to optimize stock levels and reduce out-of-stocks. Customer loyalty programs and community engagement initiatives foster repeat business and strengthen brand affinity. Employee training and target marketing strategies ensure high-quality customer service and effective product placement. Hygiene standards and food safety regulations are paramount in maintaining trust and meeting health regulations. Impulse purchases, fuel retailing, and grocery sales remain key revenue streams, with mobile payments and delivery services enhancing the shopping experience. Franchise models and self-checkout kiosks streamline operations and reduce labor costs. Pricing strategies, energy efficiency, and data analytics play crucial roles in maximizing profitability. Local sourcing and category management cater to diverse consumer preferences and promote sustainability. Inventory management, store design, and private label products differentiate offerings from national brands. Hygiene standards, food handling, and loss prevention measures ensure operational efficiency and maintain customer trust. Product placement, online ordering, and RFID technology facilitate seamless shopping experiences. Smart shelves, shelf life management, and point-of-sale (POS) systems optimize stock levels and reduce waste. Waste management and supply chain optimization minimize environmental impact and enhance operational efficiency. Automated checkout and shopping habits analysis provide valuable insights for retailers to adapt and thrive in this continuously evolving market.

How is this Convenience Stores Industry segmented?

The convenience stores industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. OwnershipIndependent retailerRetail chainTypeTraditional convenience storeMini convenience storeHyper convenience storeExpanded convenience storeKiosksProduct OfferingFood and BeveragesTobacco Products Everyday Convenience ItemsOver-the-Counter Drugs OthersLocationUrbanSub-UrbanGeographyNorth AmericaUSMexicoEuropeFranceGermanyItalyUKMiddle East and AfricaUAEAPACAustraliaChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Ownership Insights

The independent retailer segment is estimated to witness significant growth during the forecast period.Independent retailers, encompassing convenience stores, gas stations, and grocery outlets, continue to evolve in response to shifting consumer preferences and technological advancements. These businesses, which sell goods produced by other companies and are privately owned, offer unique value propositions. Smaller independent retailers specialize in niche product categories, such as vinyl records or photography supplies, often catering to specific consumer segments. Larger independent retailers maintain a broader product range, providing a platform for smaller brands and unique offerings. Consumer behavior shapes the convenience store market, with an increasing demand for fresh food products driving segment growth. This trend is furth

After three years of growth, the market for vacuum pumps and air or gas compressors in Australia and Oceania decreased by -9% to $282M in 2024. Over the period under review, consumption recorded a mild decline. The level of consumption peaked at $358M in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

The Petroleum Product Wholesaling industry is dominated by a handful of vertically integrated fuel wholesalers, including Z Energy, BP New Zealand, ExxonMobil New Zealand and Gull Petroleum. These companies operate extensive networks of branded service stations and have the capacity for nationwide distribution. The industry underwent significant restructuring in 2022, with Australia-based Ampol Limited acquiring Z Energy and divesting its ownership of Gull Petroleum as part of the deal. The pricing practices of wholesalers have also come under severe scrutiny from the Central Government (Te Kāwanatanga o Aotearoa). The passing of the Fuel Industry Act 2020 increases the regulation by the Commerce Commission to provide retailers and industrial users with access to more competitive wholesale prices. Industry profitability has narrowed with the fluctuations in input prices and greater government regulation. Revenue volatility has come from the dramatic rise and fall of global oil prices and fluctuations in sales to fuel retailers. The early stages of the pandemic and the slump in international air travel sent global oil prices plummeting and severely constrained fuel consumption in New Zealand. Oil prices escalated with the winding back of restrictions and the supply constraints resulting from the Russia-Ukraine and Middle East conflicts, putting further upward pressure on prices. Industry revenue is expected to inch up at an annualised 0.1%, reaching $10.7 billion over the five years through 2024-25. Still, revenue is forecast to dip 0.4% with the easing of crude oil prices. In the future, the industry's performance will be constrained by the decline in the world price of crude oil, the downward pressure on local wholesale prices resulting from the Terminal Gate Prices (TGP) mechanism and greater scrutiny by the Commerce Commission. While growing motor vehicle numbers will drive petroleum product sales, the fuel consumption per vehicle will diminish with improved fuel efficiency and the uptake of electric vehicles. Industry revenue is forecast to rise at an annualised 0.9% through 2029-30, to $11.2 billion.

Evolving demand from critical downstream markets like electricity, gas, water and wastewater services has led to substantial changes in the pump and compressor manufacturing landscape. Government investments in capital works projects have buoyed the industry’s recent performance, emphasising job growth and economic activity in a post-pandemic context. This stimulus has especially boosted revenue through increased market orders necessitating new infrastructure and services. However, the industry's heavy dependence on downstream markets also introduces vulnerabilities, notably from sectors like mining that have shown volatility. Moreover, increased import competition, fuelled by a stronger Australian dollar, has significantly strained local manufacturers. All in all, industry revenue is expected to fall at an annualised 0.6% over the past five years to total $1.9 billion in 2024-25, when revenue will dip an anticipated 3.4%. The industry's performance has been a mix of growth and challenges. Federal and state investments in water management infrastructure have driven revenue at times, but fluctuating mining activity has introduced uncertainties. Import competition has sharply risen, with a stronger Australian dollar making imported goods more affordable. Major global trade countries like China, the United States, Germany and Italy have leveraged economies of scale and extensive distribution networks to dominate the global market, pressuring local manufacturers to compete on both price and innovation. While the export market has remained a crucial revenue source, the industry has been sensitive to global economic conditions. Looking ahead, the Pump and Compressor Manufacturing industry faces a complex mix of opportunities and hurdles. Downstream market demand is forecast to decline, particularly from the electricity, gas, water and waste services sectors. The mining sector’s uncertain output growth and falling export prices will compound these challenges. Agricultural improvements aimed at enhancing water efficiency and reducing input usage are likely to diminish the need for irrigation pumps, impacting demand from this sector. While profitability is projected to climb owing to operational efficiencies, intense price competition from international producers will limit profit growth. Overall, industry revenue is forecast to rise at an annualised 0.3% over the five years through 2029-30 to reach $1.9 billion.

Learn about the rising demand for fuel or lubricating pumps in Australia and the projected growth of the market over the next decade.

Learn about the projected growth of the fuel, lubricating, and cooling-medium pump market for internal combustion engines in Australia over the next decade.

Explore Market Research Intellect's Natural Gas Fueling Station Market Report, valued at USD 5.24 billion in 2024, with a projected market growth to USD 10.56 billion by 2033, and a CAGR of 8.5% from 2026 to 2033.