Fact.mr has adopted multi-disciplinary approach to shed light on the evolution of the global Fuel Card Market during the historical period of 2021 – 2031. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2021 – 2031.
The stood at worth of ~us$ 2134 mn in 2021. Clocking a cagr of during 2019 – 2029, the global market is expected to attain valuation of ~us$ 3000 mn by the end of 2031. Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at fact.mr to arrive at various estimations and projections of the Fuel Card Market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Fuel Card Market.
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After reading the Fuel Card Market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the Fuel Card Market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
Fuel Card Market: Scope of the Report
The recent study on the global fuel card market by Fact.MR offers a decade long forecast, incorporating the key drivers, restraints, opportunities and threats to the market. The global fuel card market is segmented on the basis of type of fleet, card type, subscription type, fleet type, end-use and region.
- Region wise, the global fuel card market is divided into North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa. The report includes an in-depth analysis of value chain, business execution and supply chain across all the regions.
- A detailed competitive landscape has been embedded within the report. Detailed analysis of important market players in terms of key expansion strategies, technological developments, and landmark agreements with fellow competitors, have been incorporated.
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Impact of Covid-19 on Global Fuel Card Market
Most industries’ economies are experiencing shortfalls and restrictions because of coronavirus, and the fuel card market is not excluded. Payments Journal listed some results of the impact of coronavirus on every aspect of the business. In addition to the pandemic, fuel card offerors are also facing an “infodemic” of social media, spreading false information about Covid-19 that is sowing fear among customers.
Most countries are promoting the use of contactless payments to avoid the spread of the virus from exchanging money any further. The global fuel card market witnessed low utilization figures during the first quarter of 2020. It can be estimated that the figures will stabilize upon reaching the initial third and fourth quarter of 2020.
“Several service providers with fuel cards have started deploying telematics system and good reporting facilities. Such technological improvements are anticipated to transform the global fuel card industry.” says the Fact.MR analyst
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Global Fuel Card Market: In-Depth Assessment on Key Segments
The global fuel card market is segmented on the basis of type of fleet, card type, subscription type, fleet type, end-use, and region.
Type of Fleet
- Truck Fleet Operators
- Business Fleet
- Construction Fleet Operators
- Other Customer Group
Card Type
- Universal Fuel Card
- Fuel Credit Cards
- OnG Corporation Cards
- Network Cards
- Over the Road Fuel Cards
Subscription Type
- Bearer Card
- Registered Card
Fleet Type
- Commercial Fleet
- Over the Road
Use Case
- Oil Fees Payment
- Parking Fees
- Toll Fee Payment
- Fleet Maintenance
- Other Payments
Region
- North America
- Latin America
- Europe
- East Asia
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.
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Global Fuel Card Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar, and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research.
The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the fuel card market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the fuel card market, which includes global GDP growth rate, various industries’ growth rate, such as the automobile and vehicle maintenance industry. This report serves as an authentic resource of intelligence on the fuel card market, enabling the readers to make fact-based decisions on the future direction of their businesses.
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