Market Overview:
The global fuel card market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel cards from various end-use applications, such as taxis, buses, goods vehicles, private cars, and others. In addition, the growing awareness about the benefits of using fuel cards is also contributing to the growth of this market.
Product Definition:
A fuel card is a prepaid debit card that can be used to purchase gasoline and diesel fuel. The cards are often offered through oil companies, trucking companies, and other transportation-related businesses. They are also offered by banks and credit unions.
Active Cards:
Active cards are the most recent innovation in the credit card industry. These cards have a microchip embedded inside which allows them to make electronic payments instead of using magnetic strip like traditional payment cards. The chip generates a unique code for each transaction which minimizes processing time and helps in accurate billing. Additionally, these chips also help prevent frauds and counterfeiting by ensuring that each transaction is authorized by the cardholder personally, thereby eliminating possibilities of misuse or theft.
Non-Active Cards:
Non-active cards are the ones which have not been used for a particular service in the past 90 days. These cards carry no balance and hence cannot be used for making payments. These cards can only be activated by using a pin code provided by the issuing bank.
These non-active debit card/ATM cash withdrawal values can be changed or canceled by any of the banks at any time as per their policies and procedures without giving any reason or notice to customers.
Application Insights:
The market is segmented by application into taxis, buses, goods vehicles, private cars and others. The taxi segment dominated the global fuel card market in 2017 owing to increasing demand for on-time service and reliable transportation options at affordable prices. Fuel cards are widely used in taxicabs as they offer a cost-effective way of providing convenience to customers who travel frequently. The growing number of smartphone users also contributes significantly to the growth of this industry as consumers prefer using mobile applications over websites or apps for various purposes including payment processing while booking cabs or even just getting directions from their smartphones.
The bus segment is expected to witness significant growth over the forecast period due largely to rising investments by governments across various regions in order promote public transport use as an alternative mode of transportation compared with automobiles which have been dominating roads globally since past few decades resulting in increased investment by companies such as Daimler AG, Volvo AB.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising disposable income, especially in developing countries such as China and India. These factors are anticipated to boost the adoption of fuel cards across various application segments including taxis, buses, goods vehicles among others.
The Asia Pacific regional market is also characterized by high demand for sustainable transport solutions that would reduce carbon footprint associated with road transportation system. This factor is projected to further drive the adoption of fuel cards across various industry verticals thereby contributing toward overall revenue generation over the forecast period. Moreover, growing awareness regarding payment options such as credit/debit card based payment systems will augment regional growth further on account of increased spending power and consumer preference for convenient modes of payments while traveling from one place to another within cities or between cities throughout countries’ vast areas (i.e., highway).
Growth Factors:
- Increasing demand for fuel cards from the transportation sector as a result of the growth in global trade and logistics.
- The increasing number of fleet vehicles and the growing popularity of fuel cards among commercial drivers.
- The rising demand for convenience and efficiency among consumers, which is fueling the adoption of fuel cards over traditional methods like cash and check payments at gas stations.
- The increasing focus on environmental sustainability by governments around the world, which is encouraging businesses to adopt more fuel-efficient practices like using fuel cards instead of credit cards for gasoline purchases.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuel Card Market Research Report
By Type
Active Cards, Non-Active Cards, Fuel Car
By Application
Taxis, Buses, Goods Vehicles, Private Car, Others
By Companies
ExxonMobil, Shell, SPC, Caltex, DBS, UOB, OCBC, Citibank, Standard Chartered, ANZ, HSBC, POSB, American Express, Maybank, Fuel Car
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Fuel Card Market Report Segments:
The global Fuel Card market is segmented on the basis of:
Types
Active Cards, Non-Active Cards, Fuel Car
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Taxis, Buses, Goods Vehicles, Private Car, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ExxonMobil
- Shell
- SPC
- Caltex
- DBS
- UOB
- OCBC
- Citibank
- Standard Chartered
- ANZ
- HSBC
- POSB
- American Express
- Maybank
- Fuel Car
Highlights of The Fuel Card Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active Cards
- Non-Active Cards
- Fuel Car
- By Application:
- Taxis
- Buses
- Goods Vehicles
- Private Car
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fuel Card Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fuel card is a prepaid card that allows customers to purchase gasoline, diesel, and other fuels at participating locations.
Some of the key players operating in the fuel card market are ExxonMobil, Shell, SPC, Caltex, DBS, UOB, OCBC, Citibank, Standard Chartered, ANZ, HSBC, POSB, American Express, Maybank, Fuel Car.
The fuel card market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fuel Card Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fuel Card Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fuel Card Market - Supply Chain
4.5. Global Fuel Card Market Forecast
4.5.1. Fuel Card Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fuel Card Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fuel Card Market Absolute $ Opportunity
5. Global Fuel Card Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fuel Card Market Size and Volume Forecast by Type
5.3.1. Active Cards
5.3.2. Non-Active Cards
5.3.3. Fuel Car
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fuel Card Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fuel Card Market Size and Volume Forecast by Application
6.3.1. Taxis
6.3.2. Buses
6.3.3. Goods Vehicles
6.3.4. Private Car
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fuel Card Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fuel Card Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fuel Card Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fuel Card Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fuel Card Demand Share Forecast, 2019-2026
9. North America Fuel Card Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fuel Card Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fuel Card Market Size and Volume Forecast by Application
9.4.1. Taxis
9.4.2. Buses
9.4.3. Goods Vehicles
9.4.4. Private Car
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fuel Card Market Size and Volume Forecast by Type
9.7.1. Active Cards
9.7.2. Non-Active Cards
9.7.3. Fuel Car
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fuel Card Demand Share Forecast, 2019-2026
10. Latin America Fuel Card Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fuel Card Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fuel Card Market Size and Volume Forecast by Application
10.4.1. Taxis
10.4.2. Buses
10.4.3. Goods Vehicles
10.4.4. Private Car
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fuel Card Market Size and Volume Forecast by Type
10.7.1. Active Cards
10.7.2. Non-Active Cards
10.7.3. Fuel Car
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fuel Card Demand Share Forecast, 2019-2026
11. Europe Fuel Card Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fuel Card Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fuel Card Market Size and Volume Forecast by Application
11.4.1. Taxis
11.4.2. Buses
11.4.3. Goods Vehicles
11.4.4. Private Car
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fuel Card Market Size and Volume Forecast by Type
11.7.1. Active Cards
11.7.2. Non-Active Cards
11.7.3. Fuel Car
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fuel Card Demand Share, 2019-2026
12. Asia Pacific Fuel Card Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fuel Card Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fuel Card Market Size and Volume Forecast by Application
12.4.1. Taxis
12.4.2. Buses
12.4.3. Goods Vehicles
12.4.4. Private Car
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fuel Card Market Size and Volume Forecast by Type
12.7.1. Active Cards
12.7.2. Non-Active Cards
12.7.3. Fuel Car
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fuel Card Demand Share, 2019-2026
13. Middle East & Africa Fuel Card Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fuel Card Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fuel Card Market Size and Volume Forecast by Application
13.4.1. Taxis
13.4.2. Buses
13.4.3. Goods Vehicles
13.4.4. Private Car
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fuel Card Market Size and Volume Forecast by Type
13.7.1. Active Cards
13.7.2. Non-Active Cards
13.7.3. Fuel Car
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fuel Card Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fuel Card Market: Market Share Analysis
14.2. Fuel Card Distributors and Customers
14.3. Fuel Card Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ExxonMobil
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SPC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Caltex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DBS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. UOB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. OCBC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Citibank
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Standard Chartered
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ANZ
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HSBC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. POSB
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. American Express
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Maybank
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Fuel Car
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
