Market Overview:
The global fleet card market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fleet 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 fleet cards among businesses is also propelling the growth of this market. Based on type, active cards are expected to hold a larger share in the global fleet card market than non-active cards during the forecast period. Active cards are those that are used for making payments and transactions through a network or system that is connected with a financial institution or bank. Non-active cards are those that cannot be used for making any payments or transactions and can only be used as identification proofs or membership cards. Based on application, taxis are estimated to account for a major share of the global fleet card market during 2018–2030 owing to their high demand across different regions worldwide. Fleet Cards offer taxi drivers several benefits such as discounts on fuel purchases and other services offered by merchants affiliated with Fleet Card providers etc.
Product Definition:
A Fleet card is a type of credit card that businesses use to purchase fuel and other goods and services. The cards are designed to help companies track their spending, as well as simplify the process of paying for purchases.
Active Cards:
Active cards are a type of smart card that contains integrated circuit and an antenna for making wireless contactless payments. They are used in various applications such as transportation, ID recognition, banking & finance and healthcare sectors. The growth factor for the global active cards market is attributed to increasing demand from emerging economies including India, China and Brazil owing to growing penetration of NFC-enabled smartphones along with other electronic devices over the forecast period.
Non-active Cards:
Non-active cards are those travel and transportation cards that do not contain any chip or embedded microcontrollers. They serve as a traditional payment card with the help of magnetic strip and plastic case. These types of cards are widely used in the global market owing to their low cost, wide acceptance, simple interface, and high reliability.
Application Insights:
The market is segmented by application into taxis, buses, goods vehicles, private cars and others. The taxi segment dominated the overall fleet card market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to factors such as increasing demand for on-demand transportation services and growing preference for using on-vehicle payment systems over cash or cheque payments.
The goods vehicle segment is also anticipated to witness significant growth during the forecast period owing to rising demand for trucks with high payload capacity that can transport heavy loads economically across long distances within a short time span. Furthermore, this system helps in tracking valuable assets thus reducing theft & loss of cargo as well as improving safety among other benefits offered by these systems worldwide since last few years.
Regional Analysis:
Asia Pacific regional fleet card market is expected to grow at the highest CAGR over the forecast period. The growth can be attributed to increasing government initiatives for promoting public transportation and improving road infrastructure in developing countries such as India, China, Indonesia, Malaysia and Thailand. For instance, in October 2017; Government of India launched UPI-based payment system called Bharat Bill Pay that allows users to pay bills such as electricity bill or water bill through their mobile phones or bank accounts. This initiative will help reduce paper work and time consumed for processing same old payments through cheques/drafts etc., thereby reducing operational costs of transport entities operating within the country.
North America region accounted for a significant share of revenue generation owing to high adoption rates of advanced technologies across various industries coupled with growing emphasis on energy conservation by regulatory bodies such as EPA (Environmental Protection Agency) in U.S.
Growth Factors:
- Increasing demand for fuel-efficient vehicles and the rise in alternative fuel vehicles are expected to drive the fleet card market growth.
- The increasing number of small businesses and their need for convenient payment solutions is also projected to propel the fleet card market growth.
- The growing trend of e-commerce is anticipated to create new opportunities for the fleet card market players.
- Proliferation of wireless technologies, such as Bluetooth Low Energy (BLE) and Near Field Communication (NFC), is likely to provide a boost to the fleet card market in forthcoming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Fleet card Market Research Report
By Type
Active Cards, Non-active Cards
By Application
Taxis, Buses, Goods Vehicles, Private Car, 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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Fleet card Market Report Segments:
The global Fleet card 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
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
- ExxonMobil
- POSB
- American Express
- Maybank
Highlights of The Fleet 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
- 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 Fleet 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
- Market Entry Strategies
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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?
Fleet card is a type of credit card that offers rewards for spending. These cards typically have higher interest rates and fees than other types of cards, but they may offer benefits such as free travel or discounts on goods and services.
Some of the major companies in the fleet card market are ExxonMobil, Shell, SPC, Caltex, DBS, UOB, OCBC, Citibank, Standard Chartered, ANZ, ExxonMobil, POSB, American Express, Maybank.
The fleet card market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fleet card 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 Fleet card Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fleet card 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 Fleet card 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 Fleet card Market Size & Forecast, 2018-2028
4.5.1 Fleet card Market Size and Y-o-Y Growth
4.5.2 Fleet card Market Absolute $ Opportunity
Chapter 5 Global Fleet card 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 Fleet card 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 Fleet card 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 Fleet card Market Size Forecast by Applications
6.2.1 Taxis
6.2.2 Buses
6.2.3 Goods Vehicles
6.2.4 Private Car
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fleet card 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 Fleet card 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 Fleet card Analysis and Forecast
9.1 Introduction
9.2 North America Fleet card 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 Fleet card 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 Fleet card Market Size Forecast by Applications
9.10.1 Taxis
9.10.2 Buses
9.10.3 Goods Vehicles
9.10.4 Private Car
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 Fleet card Analysis and Forecast
10.1 Introduction
10.2 Europe Fleet card 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 Fleet card 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 Fleet card Market Size Forecast by Applications
10.10.1 Taxis
10.10.2 Buses
10.10.3 Goods Vehicles
10.10.4 Private Car
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 Fleet card Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fleet card 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 Fleet card 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 Fleet card Market Size Forecast by Applications
11.10.1 Taxis
11.10.2 Buses
11.10.3 Goods Vehicles
11.10.4 Private Car
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 Fleet card Analysis and Forecast
12.1 Introduction
12.2 Latin America Fleet card 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 Fleet card 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 Fleet card Market Size Forecast by Applications
12.10.1 Taxis
12.10.2 Buses
12.10.3 Goods Vehicles
12.10.4 Private Car
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) Fleet card Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fleet card 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) Fleet card 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) Fleet card Market Size Forecast by Applications
13.10.1 Taxis
13.10.2 Buses
13.10.3 Goods Vehicles
13.10.4 Private Car
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 Fleet card Market: Competitive Dashboard
14.2 Global Fleet card 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
