Market Overview:
The global B2B fuel cards 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 businesses across different regions. In terms of type, the active cards segment is expected to hold a larger share of the global B2B fuel cards market during the forecast period. This can be attributed to factors such as ease of use and convenience offered by these cards over traditional methods such as cash and cheques. In terms of application, cars are expected to hold a larger share of the global B2B fuel card market during the forecast period.
Product Definition:
B2B fuel cards are a type of corporate card that allow businesses to purchase fuel for their vehicles. They can be used at any gas station and often offer discounts on fuel prices. B2B fuel cards can also be used to purchase other items at the pump, such as snacks and drinks.
The importance of B2B fuel cards lies in the fact that they offer businesses a way to save money on gasoline expenses. They also make it easy for businesses to track their spending, as all transactions made with the card will be recorded in one place. This can help business owners keep tabs on their spending and identify areas where they might be able to save money.
Active Cards:
Active cards are also known as smart cards or EMV chip cards. They are a type of electronic payment card that contains an integrated circuit, which helps to reduce the possibility of fraudulent activities such as duplication and theft. The major benefit offered by these cards is that they require no additional security measures when used for online transactions.
Non-Active Cards:
Non-active cards are the ones that have not been used for a specific amount of time. These cards do not contain any money and hence, cannot be used to make payments. They are usually issued to consumers who have an active account with a particular financial service provider or company. The non-active card is similar to an inactive bank account in which there is no money stored; it exists only on paper and can be activated by entering the required information online or via SMS.
Application Insights:
The market is segmented by application into cars, taxis, buses, goods vehicles and other applications. Cars accounted for the largest share in 2016 owing to the growing need for fuel cards among individuals as well as companies. The rising number of individuals owning automobiles is also expected to contribute towards growth over the forecast period.
The taxi segment is anticipated to witness significant growth over the forecast period owing to increasing demand for on-time delivery of passenger travel from airports and corporate offices at specific time intervals. In addition, stringent government regulations regarding road safety are expected to drive demand further over the coming years.  Increasing use of fuel cards in good Samaritan cases has been observed across countries such as India and China due to which organizations offering these products have established regional offices there or are planning regional office openings soonest possible timeframes (as per their local requirements).
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 growth in e-commerce activities, which has led to an increase in business travel. As a result, more and more companies are opting for fuel cards as a payment instrument for transportation services provided by cars, taxis and buses. This trend is projected to drive the demand for global B2B fuel cards market over the forecast period.
North America accounted for a significant share of revenue owing to high usage of corporate credit/debit card at work place or during personal trips on business purpose across U.S.
Growth Factors:
- Increasing demand for fuel cards from the transportation sector as a result of the growth in global trade and logistics.
- Proliferation of fuel card programs by fleet operators, rental car companies, and trucking firms to manage their expenses more effectively.
- The increasing use of fuel cards by small businesses to take advantage of discounts and rewards offered by card issuers.
- The growing acceptance of fuel cards as a payment method among merchants across different sectors.
Scope Of The Report
Report Attributes
Report Details
Report Title
B2B Fuel Cards Market Research Report
By Type
Active Cards, Non-Active Cards
By Application
Cars, Taxis, Buses, Goods Vehicles, Others
By Companies
ExxonMobil, Shell, SPC, Caltex, DBS, UOB, OCBC, Citibank, Standard Chartered, ANZ, ExxonMobil, POSB, American Express, Maybank
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global B2B Fuel Cards Market Report Segments:
The global B2B Fuel Cards market is segmented on the basis of:
Types
Active Cards, Non-Active Cards
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
Cars, Taxis, Buses, Goods Vehicles, 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
- ExxonMobil
- POSB
- American Express
- Maybank
Highlights of The B2B Fuel Cards 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
- By Application:
- Cars
- Taxis
- Buses
- Goods Vehicles
- 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 B2B Fuel Cards 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
- Market Entry Strategies
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- Consumer Insights
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- 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?
B2B Fuel Cards are a type of prepaid card that businesses can use to fuel their business expenses. These cards come with a variety of benefits, such as low interest rates and no annual fees. They're also easy to use, allowing businesses to spend money quickly and easily without having to worry about complex billing procedures.
Some of the major companies in the b2b fuel cards market are ExxonMobil, Shell, SPC, Caltex, DBS, UOB, OCBC, Citibank, Standard Chartered, ANZ, ExxonMobil, POSB, American Express, Maybank.
The b2b fuel cards market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 B2B Fuel Cards Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 B2B Fuel Cards Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 B2B Fuel Cards Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the B2B Fuel Cards Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global B2B Fuel Cards Market Size & Forecast, 2018-2028
4.5.1 B2B Fuel Cards Market Size and Y-o-Y Growth
4.5.2 B2B Fuel Cards Market Absolute $ Opportunity
Chapter 5 Global B2B Fuel Cards Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 B2B Fuel Cards Market Size Forecast by Type
5.2.1 Active Cards
5.2.2 Non-Active Cards
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global B2B Fuel Cards Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 B2B Fuel Cards Market Size Forecast by Applications
6.2.1 Cars
6.2.2 Taxis
6.2.3 Buses
6.2.4 Goods Vehicles
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global B2B Fuel Cards Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 B2B Fuel Cards Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America B2B Fuel Cards Analysis and Forecast
9.1 Introduction
9.2 North America B2B Fuel Cards Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America B2B Fuel Cards Market Size Forecast by Type
9.6.1 Active Cards
9.6.2 Non-Active Cards
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America B2B Fuel Cards Market Size Forecast by Applications
9.10.1 Cars
9.10.2 Taxis
9.10.3 Buses
9.10.4 Goods Vehicles
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe B2B Fuel Cards Analysis and Forecast
10.1 Introduction
10.2 Europe B2B Fuel Cards Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe B2B Fuel Cards Market Size Forecast by Type
10.6.1 Active Cards
10.6.2 Non-Active Cards
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe B2B Fuel Cards Market Size Forecast by Applications
10.10.1 Cars
10.10.2 Taxis
10.10.3 Buses
10.10.4 Goods Vehicles
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific B2B Fuel Cards Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific B2B Fuel Cards Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific B2B Fuel Cards Market Size Forecast by Type
11.6.1 Active Cards
11.6.2 Non-Active Cards
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific B2B Fuel Cards Market Size Forecast by Applications
11.10.1 Cars
11.10.2 Taxis
11.10.3 Buses
11.10.4 Goods Vehicles
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America B2B Fuel Cards Analysis and Forecast
12.1 Introduction
12.2 Latin America B2B Fuel Cards Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America B2B Fuel Cards Market Size Forecast by Type
12.6.1 Active Cards
12.6.2 Non-Active Cards
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America B2B Fuel Cards Market Size Forecast by Applications
12.10.1 Cars
12.10.2 Taxis
12.10.3 Buses
12.10.4 Goods Vehicles
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) B2B Fuel Cards Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) B2B Fuel Cards Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) B2B Fuel Cards Market Size Forecast by Type
13.6.1 Active Cards
13.6.2 Non-Active Cards
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) B2B Fuel Cards Market Size Forecast by Applications
13.10.1 Cars
13.10.2 Taxis
13.10.3 Buses
13.10.4 Goods Vehicles
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 B2B Fuel Cards Market: Competitive Dashboard
14.2 Global B2B Fuel Cards Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ExxonMobil
14.3.2 Shell
14.3.3 SPC
14.3.4 Caltex
14.3.5 DBS
14.3.6 UOB
14.3.7 OCBC
14.3.8 Citibank
14.3.9 Standard Chartered
14.3.10 ANZ
14.3.11 ExxonMobil
14.3.12 POSB
14.3.13 American Express
14.3.14 Maybank
