Fuel Card Market Analysis, Size, and Share by 2027

Name: Fuel Card Market Size and Growth by 2027
Creator: The Insight Partners
License: https://www.theinsightpartners.com/privacy-policy

Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027

Fuel Card Market to 2027 - Global Analysis and Forecasts By Type (Branded Fuel Cards, Merchant Fuel Cards, and Universal Fuel Cards); Application (Fuel Refill, Parking, Vehicle Service, Toll Charge, and Others)

Report Date : Sep 2019
Report Code : TIPRE00003099

Category : Banking, Financial Services, and Insurance
Status : Published

Available Report Formats :
No. of Pages : 150

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

[Research Report] 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.

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.

Fuel Card Market Insights

Efficient fleet administration with the help of enhanced data capture

Fuel cards enable enhanced tracking of fleet expenses and efficiency of the fleet by tracking real-time mileage and fuel usage by vehicles in a fleet. Fleet operators use fuel cards for costs such as truck maintenance, truck repairs, fuel, truck cleaning, and replacement vehicle rental, among others. Data captured by a fuel card include odometer reading, fuel grades, fuel product, and quantity of fuel, vehicle ID, driver ID and tax information along with transaction details such as time, location, spend amount and date support rich repowering for fleet managers. This factor would be propelling the demand of fuel card market in the forecast period.

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Fuel Card Market: Strategic Insights

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Less Fraudulent risk associated with the usage of fuel card

Fuel card usage offers benefits in terms of functionality and security when compared to alternative methods of payment for fuel such as petty cash. Cards can be imprinted with the vehicle registration number or driver’s name and the company name providing further protection against fraudulent usage or cards for refueling. Comprehensive information on all fuel dealings reduces the prospective for employee misuse and offers superior control over authentic vehicle usage. Therefore, the fuel card market across the globe is anticipated to grow.

Type Segment Insights

The fuel card market by component is segmented into branded fuel cards, merchant fuel cards, and universal fuel cards. Fuel cards are usually used by SMEs and large business to track their fuel consumption and make convenient make cashless payment. Such cards are most common for the business or organizations which deals into transportation and fleet management. Different companies operating in the space offer different card type. These cards apart from refilling fuels are used for several other purpose. Fuel card by issuer can be broadly categories independent or branded.

Application Segment Insights

The global fuel card market based on application has been segmented into fuel refill, parking, vehicle service, toll charge, and others. A fuel card enables users’ as well as business owners to manage and control fuel and maintenance expenses. They are generally used as a payment card for fuels at petrol stations. Moreover, these cards can also be used for payment of other vehicle services such as repairs, maintenance as well as roadside assistance. Owing to broad reporting, several fuel cards enable users to obtain real time reports, thus, helping them to stay up-to-date of all business expenses along with managing vehicle taxes.

Fuel Card Market Regional Insights

The regional trends and factors influencing the Fuel Card Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Fuel Card Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Get the Regional Specific Data for Fuel Card Market

Fuel Card Market Report Scope

Report Attribute	Details
Market size in 2018	US$ 6.29 Billion
Market Size by 2027	US$ 10.39 Billion
Global CAGR (2018 - 2027)	5.8%
Historical Data	2016-2017
Forecast period	2019-2027
Segments Covered	By Type Branded Fuel Cards Merchant Fuel Cards Universal Fuel Cards By Application Fuel Refill Parking Vehicle Service Toll Charge
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	BP P.L.C. Exxon Mobil Corporation Fleetcor Technologies, Inc. Royal Dutch Shell plc U.S. Bank Wex Inc. DKV World Fuel Services Edenerd

Fuel Card Market Players Density: Understanding Its Impact on Business Dynamics

The Fuel Card Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Fuel Card Market are:

BP P.L.C.
Exxon Mobil Corporation
Fleetcor Technologies, Inc.
Royal Dutch Shell plc
U.S. Bank

Disclaimer: The companies listed above are not ranked in any particular order.

Get the Fuel Card Market top key players overview

Some of the market initiatives were observed to be most adopted strategy in the global fuel card market. Few of the recent market initiatives are listed below:

2019:Edenred Capital Partners invests in innovative businesses with high growth potential in areas related to Edenred's activities. The aim is to enhance the Group's ecosystem by initiating valuable synergies with the companies backed.
2018:Edenred, the world leader in transactional solutions for companies, employees and merchants, today announced the signing of an agreement to acquire 80% of the share capital of The Right Fuelcard Company (TRFC) group, the number four fuel card program manager in the United Kingdom.

GLOBAL FUEL CARD MARKET SEGMENTATION

Global Fuel Card Market – By Type

Branded Fuel Cards
Merchant Branded Fuel Cards
Universal Fuel Cards

Global Fuel Card Market – By Application

Fuel Refill
Parking
Vehicle Service
Toll Charge
Others

Global Fuel Card Market – By Geography

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- Rest of APAC
Middle EAST & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
South America
- Brazil
- Rest of South America

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.
DKV
World Fuel Services
Edenerd
Radius Payment Solutions.

Allstar, Arco, Caltex , Chevron Texaco, Commdel, EDC, Engen Petroleum Ltd., FastFuel, Fleetcare Pty Ltd, fuelGenie, and Fuelman are few other market players from value chain which are not profiled in the report but the can be included based on request.

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Fuel Card Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Fuel Card Market Report Snapshots

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