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Please provide a list of the top 5 competitors in the the AVI (Automatic Vehicle Identification for fuel management) market, ranked by revenue.
Hello! Thanks for your question asking for a list of the top 5 competitors in the Automatic vehicle Identification (AVI) for fuel management market. I understand you would like these to be ranked by revenue.
In short, I found that Tokheim Profleet, Wayne Fueling, Roseman Engineering, Orpak Systems, Hectronic GmbH, OTI Petrosmart and AssetWorks are the top businesses in the AVI for fuel management business segment. Please read on for a deep dive of my findings along with how I came to this conclusion.
METHODOLOGY
I searched exhaustively for market reports that might offer a listing of companies in this sector but I found none. So I searched for industry sources and found Petro World - I conducted X-Ray searches of Petro World to find the most prominent companies. I have attached articles from Petro World that helped me find companies in this segment. Once I identified the companies, I determined which had the highest revenues by referring to the Owler database, company brochures, Morningstar, and the Hoover database.
I have provided links to the company websites for the pages with the specific AVI fuel management product for each company, as well as links to their revenue data. I have also included a couple of articles that may offer additional context for some of the companies in the list.
LIST OF COMPANIES
1. TOKHEIM PROFLEET
Tokheim Profleet is headquartered in Paris and directly services for more than 40,000 stations. SmartFuel for DiaLOG is Profleet's AVI for fuel management. Annual revenues for Tokheim Profleet are $37.42 million (€30M ) and those for their parent company, the Tokheim Group are $810 million (€650M).
2. WAYNE FUELING SYSTEMS (acquired by Dover in 2016)
Based in Austin, Wayne Fueling Systems' AVI solution facilitates completely automated authorization and payment of fueling transactions. The Dover Group acquired Wayne Fueling Systems in December 2016 in a US$ 780 million cash deal. Dover expected Wayne to add US$ 550 million of annual revenue post the acquisition.
3. ROSEMAN ENGINEERING
Roseman Fueling Simplicity is a division of Roseman Engineering that designs and manufactures computerized refueling and Automatic Vehicle Identification (AVI) Systems since 1978.
4. ORPAK SYSTEMS
Headquartered in Tel Aviv, Israel, Orpak Systems provides fuel station automation and fleet management solutions to multinational oil companies and commercial fleets. ForeFuel is Orpak's AVI RFID fueling solution. Orpak's annual revenue in 2007 was US$ 71.2 million, in 2008 it was US$ 57.2 million. According to the Hoover database, Orpak revenues are US$ 72.4 million.
5. ASSETWORKS
AssetWorks LLC. is a Philadelphia-based business that provides FuelFocus, an AVI system that helps fleets manage all their consumable assets. According to Hoover, their revenue is estimated to be US$ 41 million.
6. HECTRONIC GmbH
Headquartered in Bonndorf, Germany, Hectronic GmbH has almost 250 employees, 7 subsidiaries and more than 70 distributors worldwide. PetroPoint is Hectronic's AVI solution, catering to fleet, company filling stations and public filling stations. According to an estimate, their estimated yearly revenue is US$ 31 million. This data is dated but in the absence of any other data online, I have used this source to provide you an indicative estimate.
7. OTI PETROSMART
Headquartered in Cape Town, South Africa, OTI Petrosmart
EasyFuelPlus is OTI Petrosmart's AVI solution that provides fleet managers with fueling management for home base, commercial and industrial fleets such as mining, aviation, marine, agriculture, railways, construction, etc. On Track Innovations is the parent company for OTI Petrosmart and their 2015 revenues were US$ 20 million.
CONCLUSION
To wrap it up, I found seven companies in the AVI for fuel management market and I have ranked them as per their revenue.
I hope this information is useful to you. Please let us know if you have any other questions. Thanks for using Wonder!