Product Code: MRFR/SEM/5225-CR
Market Overview
Fuel Card Market is expected to register a healthy CAGR of 8.2% during the review period. The Fuel Card Market is supposed to develop altogether over the forecast period because of a few variables. The development of the Fuel Card Market is supposed to be driven by key factors, for example, expanding interest for credit only fuel exchanges and developing need to upgrade armada costs undertakings among armada administrators and vehicle proprietors. Be that as it may, factors, for example, information security and protection concerns are supposed to restrict market development. Then again, the developing reception of digitization and the web of things (IOT) present rewarding open doors for the Worldwide market.
According to Examiner at MRFR, "In spite of the fact that advancement in fuel cards and instalment frameworks has fairly slacked contrasted with card contributions in different enterprises, the change in outlook to the digitization of installments and developing impact of the Web of Things (IoT) has given the essential foundation to the development of the fuel card industry. Buyer conduct is changing as they are embracing versatile frictionless installments.
Market Segmentation
Based on Card Type, the Fuel Card Market segmentation includes Branded Fuel Cards, Universal Fuel Cards, and Merchant Fuel Cards.
Based on Vehicle Type, the Fuel Card Market segmentation includes Heavy Fleet and Light Fleet.
Based on the Application, the Fuel Card Market segmentation includes Fuel Refill, Parking, Vehicle Service, Toll Charges and Others.
Regional Analysis
As far as revenue, North America held the biggest portion of 40.1% in the Fuel Card market in 2022 and is supposed to keep up with its predominance during the forecast time frame. The North America is the biggest market for Fuel Card. Since it has more monetary establishments than some other, the region has drawn in global financial backers. Nearby players overwhelm the North American market, bringing about extreme section obstacles. The North American fuel card market is bifurcated into the US, Canada, and Mexico. Furthermore, the presence of solid players working in the fuel conveyance industry related with the fuel card market and their essential drives to expand their market share in the region add to the market development.
The Western Europeans Nations like Greece, Norway, and Iceland were among the quickest developing markets for new vehicles, which are supposed to expand the reception of fuel card exchanges in the region. Fuel cards benefit each armada business or individual vehicle proprietor by giving limited fuel costs, recovering expense and bookkeeping (in light of the fact that many fueling exchanges are managed without receipts), serious rates presented by fuel card suppliers, and different extra benefits. Besides, helpful following of fuel use, EV charging, and related costs helps individuals and organizations in observing and controlling fossil fuel byproducts (in ICE vehicles) and adding to the public target of zero-emanation toward the finish of 2025. The Norwegian Parliament has authorized rules to give motivating forces to zero-discharge vehicles for the rest of 2022.
Market Players
The major players in the market are FLEETCOR, WEX Inc., WAG Payment Solutions PLC, B.P. PLC, Exxon Mobil, Royal Dutch Shell, Radius, and U.S. Bancorp, and Others. FLEETCOR.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 19
2 MARKET INTRODUCTION 20
- 2.1 DEFINITION 20
- 2.2 SCOPE OF THE STUDY 20
- 2.3 RESEARCH OBJECTIVE 20
- 2.4 MARKET STRUCTURE 20
3 RESEARCH METHODOLOGY 21
4 MARKET DYNAMICS 28
- 4.1 INTRODUCTION 28
- 4.2 DRIVERS 29
- 4.2.1 INCREASING DEMAND FOR CASHLESS FUEL TRANSACTIONS 29
- 4.2.2 GROWING NEED TO OPTIMIZE FLEET EXPENSES TASKS AMONG FLEET MANAGERS AND VEHICLE OWNERS 29
- 4.3 RESTRAINTS 30
- 4.3.1 DATA SECURITY AND PRIVACY CONCERNS 30
- 4.4 OPPORTUNITY 31
- 4.4.1 GROWING ADOPTION OF DIGITIZATION AND THE INTERNET OF THINGS (IOT) 31
- 4.5 CHALLENGE 32
- 4.5.1 CHANGING LEGAL FRAMEWORK 32
- 4.6 IMPACT OF COVID-19 32
- 4.6.1 IMPACT ON FUEL CARD PROVIDERS 32
- 4.6.2 IMPACT ON THE SEMICONDUCTOR INDUSTRY 33
- 4.6.3 IMPACT ACROSS END-USE INDUSTRIES 33
5 MARKET FACTOR ANALYSIS 34
- 5.1 VALUE CHAIN ANALYSIS 34
- 5.1.1 FUEL RETAILER/PROVIDER 34
- 5.1.2 FUEL CARD ISSUER/PROVIDER 34
- 5.1.3 END USER 35
- 5.2 PORTER'S FIVE FORCES MODEL 35
- 5.2.1 THREAT OF NEW ENTRANTS 35
- 5.2.2 BARGAINING POWER OF SUPPLIERS 36
- 5.2.3 THREAT OF SUBSTITUTES 36
- 5.2.4 BARGAINING POWER OF BUYERS 36
- 5.2.5 INTENSITY OF RIVALRY 36
6 GLOBAL FUEL CARD MARKET, BY CARD TYPE 37
- 6.1 OVERVIEW 37
- 6.1.1 GLOBAL FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 38
- 6.2 BRANDED FUEL CARDS 38
- 6.3 UNIVERSAL FUEL CARDS 38
- 6.4 MERCHANT FUEL CARDS 38
7 GLOBAL FUEL CARD MARKET, BY VEHICLE TYPE 39
- 7.1 OVERVIEW 39
- 7.1.1 GLOBAL FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 40
- 7.2 HEAVY FLEET 40
- 7.3 LIGHT FLEET 40
8 GLOBAL FUEL CARD MARKET, BY APPLICATION 41
- 8.1 OVERVIEW 41
- 8.1.1 GLOBAL FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 42
- 8.2 FUEL REFILLL 42
- 8.3 PARKING 42
- 8.4 VEHICLE SERVICE 42
- 8.5 TOLL CHARGE 42
- 8.6 OTHERS 42
9 GLOBAL FUEL CARD MARKET, BY REGION 43
- 9.1 OVERVIEW 43
- 9.1.1 GLOBAL FUEL CARD MARKET, BY REGION, 2019-2032 (USD MILLION) 44
- 9.2 NORTH AMERICA 45
- 9.2.1 NORTH AMERICA: FUEL CARD MARKET, BY COUNTRY, 2019-2032 (USD MILLION) 46
- 9.2.2 NORTH AMERICA: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 46
- 9.2.3 NORTH AMERICA: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 47
- 9.2.4 NORTH AMERICA: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 48
- 9.2.5 US 48
- 9.2.5.1 US: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 48
- 9.2.5.2 US: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 48
- 9.2.5.3 US: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 49
- 9.2.6 CANADA 49
- 9.2.6.1 CANADA: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 49
- 9.2.6.2 CANADA: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 49
- 9.2.6.3 CANADA: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 50
- 9.2.7 MEXICO 50
- 9.2.7.1 MEXICO: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 50
- 9.2.7.2 MEXICO: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 50
- 9.2.7.3 MEXICO: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 51
- 9.3 EUROPE 52
- 9.3.1 EUROPE: FUEL CARD MARKET, BY COUNTRY, 2019-2032 (USD MILLION) 52
- 9.3.2 EUROPE: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 53
- 9.3.3 EUROPE: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 54
- 9.3.4 EUROPE: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 54
- 9.3.5 REST OF EUROPE 55
- 9.3.5.1 REST OF EUROPE: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 55
- 9.3.5.2 REST OF EUROPE: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 55
- 9.3.5.3 REST OF EUROPE: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 56
- 9.3.6 UK 56
- 9.3.6.1 UK: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 56
- 9.3.6.2 UK: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 56
- 9.3.6.3 UK: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 57
- 9.3.7 GERMANY 57
- 9.3.7.1 GERMANY: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 57
- 9.3.7.2 GERMANY: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 57
- 9.3.7.3 GERMANY: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 58
- 9.3.8 FRANCE 58
- 9.3.8.1 FRANCE: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 58
- 9.3.8.2 FRANCE: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 58
- 9.3.8.3 FRANCE: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 59
- 9.3.9 ITALY 59
- 9.3.9.1 ITALY: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 59
- 9.3.9.2 ITALY: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 59
- 9.3.9.3 ITALY: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 60
- 9.3.10 SPAIN 60
- 9.3.10.1 SPAIN: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 60
- 9.3.10.2 SPAIN: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 60
- 9.3.10.3 SPAIN: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 61
- 9.4 ASIA-PACIFIC 62
- 9.4.1 ASIA-PACIFIC: FUEL CARD MARKET, BY COUNTRY, 2019-2032 (USD MILLION) 62
- 9.4.2 ASIA-PACIFIC: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 63
- 9.4.3 ASIA-PACIFIC: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 64
- 9.4.4 ASIA-PACIFIC: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 64
- 9.4.5 CHINA 65
- 9.4.5.1 CHINA: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 65
- 9.4.5.2 CHINA: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 65
- 9.4.5.3 CHINA: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 65
- 9.4.6 JAPAN 66
- 9.4.6.1 JAPAN: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 66
- 9.4.6.2 JAPAN: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 66
- 9.4.6.3 JAPAN: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 66
- 9.4.7 INDIA 67
- 9.4.7.1 INDIA: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 67
- 9.4.7.2 INDIA: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 67
- 9.4.7.3 INDIA: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 67
- 9.4.8 REST OF ASIA-PACIFIC 68
- 9.4.8.1 REST OF ASIA-PACIFIC: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 68
- 9.4.8.2 REST OF ASIA-PACIFIC: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 68
- 9.4.8.3 REST OF ASIA-PACIFIC: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 68
- 9.5 MIDDLE EAST & AFRICA 69
- 9.5.1 MIDDLE EAST & AFRICA: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 69
- 9.5.2 MIDDLE EAST & AFRICA: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 69
- 9.5.3 MIDDLE EAST & AFRICA: FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 70
- 9.6 SOUTH AMERICA 71
- 9.6.1 SOUTH AMERICA: FUEL CARD MARKET, BY CARD TYPE, 2019-2032 (USD MILLION) 71
- 9.6.2 SOUTH AMERICA: FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2032 (USD MILLION) 71
- 9.6.3 SOUTH AMERICA FUEL CARD MARKET, BY APPLICATION, 2019-2032 (USD MILLION) 72
10 COMPETITIVE LANDSCAPE 73
- 10.1 INTRODUCTION 73
- 10.2 COMPETITIVE BENCHMARKING 74
- 10.3 PARTNER PROGRAMS/ REWARDS PROGRAM 75
- 10.4 MAJOR PLAYER ANALYSIS, 2022 76
11 COMPANY PROFILES 77
- 11.1 U.S. BANCORP 77
- 11.1.1 COMPANY OVERVIEW 77
- 11.1.2 FINANCIAL OVERVIEW 78
- 11.1.3 PRODUCTS OFFERED 79
- 11.1.4 KEY DEVELOPMENTS 79
- 11.1.5 SWOT ANALYSIS 80
- 11.1.6 KEY STRATEGIES 80
- 11.2 RADIUS 81
- 11.2.1 COMPANY OVERVIEW 81
- 11.2.2 FINANCIAL OVERVIEW 81
- 11.2.3 PRODUCTS OFFERED 81
- 11.2.4 KEY DEVELOPMENTS 82
- 11.2.5 SWOT ANALYSIS 83
- 11.2.6 KEY STRATEGIES 83
- 11.3 ROYAL DUTCH SHELL 84
- 11.3.1 COMPANY OVERVIEW 84
- 11.3.2 FINANCIAL OVERVIEW 85
- 11.3.3 PRODUCTS OFFERED 86
- 11.3.4 KEY DEVELOPMENTS 86
- 11.3.5 SWOT ANALYSIS 87
- 11.3.6 KEY STRATEGIES 87
- 11.4 EXXON MOBIL CORPORATION 88
- 11.4.1 COMPANY OVERVIEW 88
- 11.4.2 FINANCIAL OVERVIEW 89
- 11.4.3 PRODUCTS OFFERED 89
- 11.4.4 KEY DEVELOPMENTS 90
- 11.4.5 SWOT ANALYSIS 91
- 11.4.6 KEY STRATEGIES 91
- 11.5 BP P.L.C. 92
- 11.5.1 COMPANY OVERVIEW 92
- 11.5.2 FINANCIAL OVERVIEW 93
- 11.5.3 PRODUCTS OFFERED 93
- 11.5.4 KEY DEVELOPMENTS 94
- 11.5.5 SWOT ANALYSIS 95
- 11.5.6 KEY STRATEGIES 95
- 11.6 VIVO ENERGY 96
- 11.6.1 COMPANY OVERVIEW 96
- 11.6.2 FINANCIAL OVERVIEW 97
- 11.6.3 PRODUCTS OFFERED 97
- 11.6.4 KEY DEVELOPMENTS 98
- 11.6.5 SWOT ANALYSIS 98
- 11.6.6 KEY STRATEGIES 98
- 11.7 BHARAT PETROLEUM CORPORATION LIMITED 99
- 11.7.1 COMPANY OVERVIEW 99
- 11.7.2 FINANCIAL OVERVIEW 100
- 11.7.3 PRODUCTS OFFERED 100
- 11.7.4 KEY DEVELOPMENTS 101
- 11.7.5 SWOT ANALYSIS 101
- 11.7.6 KEY STRATEGIES 102
- 11.8 HINDUSTAN PETROLEUM CORPORATION LIMITED 103
- 11.8.1 COMPANY OVERVIEW 103
- 11.8.2 FINANCIAL OVERVIEW 104
- 11.8.3 PRODUCTS OFFERED 104
- 11.8.4 KEY DEVELOPMENT 105
- 11.8.5 SWOT ANALYSIS 105
- 11.8.6 KEY STRATEGIES 106
- 11.9 FLEETCOR TECHNOLOGIES, INC. 106
- 11.9.1 COMPANY OVERVIEW 106
- 11.9.2 FINANCIAL OVERVIEW 107
- 11.9.3 PRODUCTS OFFERED 107
- 11.9.4 KEY DEVELOPMENTS 109
- 11.9.5 SWOT ANALYSIS 109
- 11.9.6 KEY STRATEGIES 109
- 11.10 WEX INC. 110
- 11.10.1 COMPANY OVERVIEW 110
- 11.10.2 FINANCIAL OVERVIEW 111
- 11.10.3 PRODUCTS OFFERED 111
- 11.10.4 KEY DEVELOPMENTS 113
- 11.10.5 SWOT ANALYSIS 114
- 11.10.6 KEY STRATEGIES 114
- 11.11 GAZPROM NEFT PJSC 115
- 11.11.1 COMPANY OVERVIEW 115
- 11.11.2 FINANCIAL OVERVIEW 116
- 11.11.3 PRODUCTS OFFERED 116
- 11.11.4 KEY DEVELOPMENTS 117
- 11.11.5 SWOT ANALYSIS 117
- 11.11.6 KEY STRATEGIES 117
- 11.12 OLA ENERGY 118
- 11.12.1 COMPANY OVERVIEW 118
- 11.12.2 FINANCIAL OVERVIEW 118
- 11.12.3 PRODUCTS OFFERED 118
- 11.12.4 KEY DEVELOPMENTS 118
- 11.12.5 SWOT ANALYSIS 119
- 11.12.6 KEY STRATEGIES 119
- 11.13 W.A.G. PAYMENT SOLUTIONS 120
- 11.13.1 COMPANY OVERVIEW 120
- 11.13.2 FINANCIAL OVERVIEW 121
- 11.13.3 PRODUCTS OFFERED 122
- 11.13.4 KEY DEVELOPMENTS 122
- 11.13.5 SWOT ANALYSIS 122
- 11.13.6 KEY STRATEGIES 123
- 11.14 PUMA ENERGY PLC 124
- 11.14.1 COMPANY OVERVIEW 124
- 11.14.2 FINANCIAL OVERVIEW 124
- 11.14.3 PRODUCTS OFFERED 124
- 11.14.4 KEY DEVELOPMENTS 124
- 11.14.5 SWOT ANALYSIS 125
- 11.14.6 KEY STRATEGIES 125
- 11.15 CHRISTENSEN 126
- 11.15.1 COMPANY OVERVIEW 126
- 11.15.2 FINANCIAL OVERVIEW 126
- 11.15.3 PRODUCTS OFFERED 126
- 11.15.4 KEY DEVELOPMENTS 126
- 11.15.5 SWOT ANALYSIS 127
- 11.15.6 KEY STRATEGIES 127