Report Description

A recent market intelligence report that is published by Data Insights Partner on Fuel Card Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Fuel Card Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Fuel Card Market is offered.

Market Insights:

In accordance with the report, the Fuel Card Market is projected to expand at a CAGR of X.X% over the period of forecast.  The global Fuel Card Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. In recent years, the fuel card market has seen a tremendous shift. A large portion of this can be attributed to the Internet of Things and digitization's expanding usage (IoT). Through analytics-based personalisation, the gasoline card companies that are active in the market are enhancing the customer experience. These competitors have been using mobile apps and online channels to increase customer service and attract new clients. Also, in order to increase the effectiveness of fleet management, fuel card providers have been focusing on integrating telematics interfaces and better reporting tools based on the collected data. Since more consumers are accepting mobile frictionless payments, consumer behaviour is shifting. Consumers anticipate a smooth experience across all purchase touchpoints as a result of the introduction of several novel features and the industry's expanding digitization. The need for cashless fuel transactions has increased as a result. These cards not only provide the convenience of cashless transactions but also card security and price breaks. Also, one of the main drivers of the need for cashless fuel transactions and subsequently for fuel cards has been loyalty programmes. By partnerships with loyalty point aggregator firms and loyalty marketing platforms, the gasoline card suppliers provide various loyalty programmes. As a result, it can be claimed that the market for fuel cards is expanding due to the rising desire for cashless fuel transactions.

Research Methodology:

To compile the detailed study of the global Fuel Card Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Fuel Card Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Fuel Card Market.

COVID-19 Scenario Analysis:

The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Fuel Card Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.

Segment Covered:

Fuel Card Market Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

Key Segments:

Fuel Card Market research report includes an in-depth coverage of the industry with estimates & forecast from 2023 to 2031, for the following segments:

Fuel Card Market, By Card Type, 2023-2031 (USD Million)

·         Business Fuel Card

·         Individual Fuel Card

·         Prepaid Fuel Card Service

Fuel Card Market, By Vehicle Type, 2023-2031 (USD Million)

·         Heavy Fleets

·         Light Fleets

Fuel Card Market, By Application, 2023-2031 (USD Million)

·         Fuel Refill

·         Parking

·         Vehicle Service

·         Toll Charge

Report Highlights:

The prime objective of the Fuel Card Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report's production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.

Fuel Card Market, By Region, 2023-2031 (USD Million)

·         North America ( United States, Canada, Mexico)

·         Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)

·         South Asia ( India, Pakistan and Bangladesh)

·         East Asia (China, Japan and South Korea)

·         South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)

·         Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)

·         Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)

·         South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)

·         Oceania (Australia and New Zealand)   

Companies Profiled:

To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Fuel Card Market:

·         ai Corporation Ltd (UK),

·         OpenWay (Belgium),

·         Royal Dutch Shell (Netherlands),

·         Exxon Mobil Corporation (US),

·         BP PLC (UK)

Fuel Card Market Report Highlights:

·         Detailed analysis of the parent market

·         Key players' strategies and products supplied in the competitive landscape

·         Market segmentation in depth analysis

·         Market size in terms of volume and value, past, present, and future scenario

·         Potential and specialty areas, as well as geographical regions with promising growth prospects

·         Market players use this information to maintain and expand their market presence, thus it's important to have an unbiased perspective on market performance.

·         Recent advancements and technological trends in the industry