The global fuel card market is estimated to account US$ 6.29 Bn in 2018 and is expected to grow at a CAGR of 5.8% during the forecast period 2019 – 2027, to account to US$ 10.39 Bn by 2027.
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The North America region commands a significant market share in terms of revenue generated for fuel card and it is estimated that it will continue to dominate the market share through-out the forecast period. Universal cards are the most convenient fuel card type, the providers of these cards usually partner with several fuel companies and offer great flexibility. Certain fuel card companies merely operate in some countries or regions while others may only be accepted at particular fuel stations. Users with less options in their region may need to be cautious regarding limiting them to just a few fuel stations.
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Fuel Card Market – By Type
1.3.2 Global Fuel Card Market – By Application
1.3.3 Global Fuel Card Market – By Geography
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Fuel Card Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Fuel Card Market – North America PEST Analysis
4.2.2 Fuel Card Market – Europe PEST Analysis
4.2.3 Fuel Card Market – Asia-Pacific PEST Analysis
4.2.4 Fuel Card Market – Middle East and Africa PEST Analysis
4.2.5 Fuel Card Market – South America PEST Analysis
5. Fuel Card Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Efficient fleet administration with the help of enhanced data capture
5.1.2 Less Fraudulent risk associated with the usage of fuel card is expected to drive the market
5.2 Key Market Restraints
5.2.1 Concerns related to security
5.3 Key market opportunities
5.3.1 Integration of telematics with fuel cards
5.4 Future Trends
5.4.1 Leveraging telematics with the adoption of fuel card
5.5 Impact Analysis of Drivers and Restraints
Global Fuel Card Market – Company Profiles
- BP P.L.C.
- Exxon Mobil Corporation
- Fleetcor Technologies, Inc.
- Royal Dutch Shell plc
- U.S. Bank
- Wex Inc.
- World Fuel Services
- Radius Payment Solutions.
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