Fuel Cards Market : Key Facts and Forecast Predictions Presented Until 2025

Fuel Cards Market : Key Facts and Forecast Predictions Presented Until 2025

 

Global Fuel Cards Market valued approximately USD 625 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.61% over the forecast period 2018-2025. The Fuel Cards Market is continuously growing across the world over the coming years. Fuel card or fleet cards is used for payment of gasoline, diesel, and other fuels at gas stations. Fuel cards are also used to pay for vehicle maintenance and other expenses according to the choice of the fleet owner or manager. Fuel card provides a dynamic view of operations to fleet managers and helps drivers perform cashless payment for fuels or other expenses. Increasing demand for cashless fuel transactions due to ease of use, increasing number of internet users, and the presence of huge number of value added services associated with the fuel cards are the substantial drivers of the market across the globe.

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Moreover, changing legal framework and increasing demand from developing countries, which are likely to creating numerous opportunity in the near future. Further, fuel cards is simple payment solution for driver of vehicles, it is very cost-effective, and it is powerful online management & reporting tool. These benefits also rising demand of Fuel Cards among its users. However, rising competition from new entrants and lack of IT infrastructure in underdeveloped regions are the factors which limiting the market growth of Fuel Cards across the world.

The regional analysis of Global Fuel Cards Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the region going cashless which makes fuel cards more popular. Europe is estimated to grow at higher rate in the global Fuel Cards market over the upcoming years owing to rising digitalization in new payment method in the region. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.

The major market player included in this report are:
• ExxonMobil
• Shell
• SPC
• Caltex
• DBS
• UOB
• OCBC
• Citibank
• Standard Chartered
• ANZ
• HSBC
• POSB
• American Express
• Maybank

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Active Cards
Non-Active Cards

By Application:

Moving Services
Packaging Services
Postal & Courier Services
Logistics Services
Taxi Booking & Support Services
Freight Transport
Private Cars
Others

By Regions:
  North America
o U.S.
o Canada
Europe
o UK
o Germany
Asia Pacific
o China
o India
o Japan
Latin America
o Brazil
o Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Fuel Cards Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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This post was originally published on Aerospace Industry