Global Fuel Transfer Pump Market is valued approximately USD 1.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2020-2027. Fuel Transfer Pump are used for transferring fuel such as kerosene, mineral spirit, diesel, petrol and others. The increasing demand for DC fuel transfer pumps due to flexibility, dependability and compact size, and of fixed fuel transfer pump owing to its versatility and suitability for wide array of heavy equipment application along with increasing investment in technological development by market players are expected to boost the market growth. For Instance: Great Plains Industries (GPI) Inc. aG20 fuel transfer pump with Quick-fit modular connection points, which makes it easy for attaching accessories. However, increasing use of electric vehicle is expected to impede the growth of the market over the forecast period of 2020-2027. Also, with the increasing industrialization and rapid infrastructural development has increases the demand for fuel which is expected to fuel demand for fuel transfer pumps is likely to increase the market growth during the forecast period.

The regional analysis of global Fuel Transfer Pump market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to improving research and development, expansion of automobile production and process innovation. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as strong gains in manufacturing output increase in investment ad robust economic growth would create lucrative growth prospects for the Fuel Transfer Pump market across Asia-Pacific region.

Major market player included in this report are:
Great Plains Industries, Inc.
Tuthill Transfer Systems (TTS)
Graco Inc.
Piusi S.p.A.
Yuanheng Machine Co., Ltd.
ARO (Ingersoll-Rand plc)
Creative Engineers (Malhar Pumps)
Mach Powerpoint Pumps India Pvt. Ltd.
Intradin
GESPASA - TOT COMERCIAL S.A.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
AC Fuel Transfer Pump
DC Fuel Transfer Pump
Hand Fuel Transfer Pump
By Mounting:
Fixed
Portable
By Motor type:
12V DC
24V DC
115V AC
230V AC
Others
By Application:
Transportation
Construction
Mining
Agriculture
Chemical
Food & Beverage
Military
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027

Target Audience of the Global Fuel Transfer Pump Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors