Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Fuel Cards Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global fuel cards market reached a value of US$ 654.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,286.83 Billion by 2027, exhibiting a CAGR of 11.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A fuel card is a payment solution utilized for managing and budgeting vehicle-related expenses while minimizing the hassle of administrating costly expense reports and reimbursements. It can be used by employees who operate corporate vehicles for maintenance and other related expenses like fuel purchases and repairs. It is generally protected via anti-fraud technology and individual personal identification numbers (PINs) to make tracking easier. It offers online access to the linked account, manages multiple cards, sets up reporting systems, and helps download statements. Nowadays, fuel cards are available with flexible payment options, including paying by credit card, which provides greater control over cash flow.

Fuel Cards Market Trends:

The increasing adoption of digital payment methods, the growing influence of the internet of things (IoT), and the rising focus on efficient fleet administration are among the key factors driving the demand for fuel cards across the globe. Apart from this, as fuel cards allow business fleet managers to track fuel purchases in real-time, set spending limits, and manage fuel expenses, small and medium scale enterprises (SMEs) with fleets are increasingly relying on fuel cards to manage their fuel usage. In addition, several fuel card programs offer discounted prices or other rebates for purchasing fuel within a network and reducing fuel costs. Besides this, key players are integrating fleet fuel cards with embedded chips and introducing smartcards, which are more durable than magnetic strips, quick response (QR) codes, and near-field communication (NFC) technology via mobile apps to handle payments. Furthermore, they are offering customized solutions to clients with detailed reporting, which is anticipated to provide lucrative growth opportunities to market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fuel cards market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, technology, application and end user.

Breakup by Type:

  • Branded
  • Universal
  • Merchant
     

Breakup by Technology:

  • Smart Cards
  • Standard Cards
     

Breakup by Application:

  • Fuel Refill
  • Parking
  • Vehicle Services
  • Toll Charges
  • Others
     

Breakup by End User:

  • Individual
  • Corporate
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Absa Group Limited, BP p.l.c., Chevron Corporation, Engen Petroleum Ltd., Exxon Mobil Corporation, FirstRand Limited, FleetCor Technologies Inc., Puma Energy (Trafigura Group Pte. Ltd.), Shell plc, TotalEnergies SE, U.S. Bancorp and WEX Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Technology, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Absa Group Limited, BP p.l.c., Chevron Corporation, Engen Petroleum Ltd., Exxon Mobil Corporation, FirstRand Limited, FleetCor Technologies Inc., Puma Energy (Trafigura Group Pte. Ltd.), Shell plc, TotalEnergies SE, U.S. Bancorp and WEX Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global fuel cards market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global fuel cards market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global fuel cards market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Fuel Cards Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Branded
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Universal
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Merchant
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Technology
    7.1    Smart Cards
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Standard Cards
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Fuel Refill
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Parking
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Vehicle Services
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Toll Charges
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by End User
    9.1    Individual
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Corporate
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Absa Group Limited
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
        15.3.2    BP p.l.c.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Chevron Corporation
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Engen Petroleum Ltd.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Exxon Mobil Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    FirstRand Limited
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    FleetCor Technologies Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Puma Energy (Trafigura Group Pte. Ltd.)
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Shell plc
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
        15.3.10    TotalEnergies SE
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    U.S. Bancorp
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    WEX Inc.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Fuel Cards Market: Major Drivers and Challenges
Figure 2: Global: Fuel Cards Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Fuel Cards Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Fuel Cards Market: Breakup by Type (in %), 2021
Figure 5: Global: Fuel Cards Market: Breakup by Technology (in %), 2021
Figure 6: Global: Fuel Cards Market: Breakup by Application (in %), 2021
Figure 7: Global: Fuel Cards Market: Breakup by End User (in %), 2021
Figure 8: Global: Fuel Cards Market: Breakup by Region (in %), 2021
Figure 9: Global: Fuel Cards (Branded) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Fuel Cards (Branded) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Fuel Cards (Universal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Fuel Cards (Universal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Fuel Cards (Merchant) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Fuel Cards (Merchant) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Fuel Cards (Smart Cards) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Fuel Cards (Smart Cards) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Fuel Cards (Standard Cards) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Fuel Cards (Standard Cards) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Fuel Cards (Fuel Refill) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Fuel Cards (Fuel Refill) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Fuel Cards (Parking) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Fuel Cards (Parking) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Fuel Cards (Vehicle Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Fuel Cards (Vehicle Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Fuel Cards (Toll Charges) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Fuel Cards (Toll Charges) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Fuel Cards (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Fuel Cards (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Fuel Cards (Individual) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Fuel Cards (Individual) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Fuel Cards (Corporate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Fuel Cards (Corporate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: North America: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North America: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Canada: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Canada: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia-Pacific: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia-Pacific: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: China: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: China: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Japan: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: India: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: South Korea: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: South Korea: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Australia: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Australia: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Indonesia: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Indonesia: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Europe: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Europe: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Germany: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Germany: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: France: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: France: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: United Kingdom: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: United Kingdom: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Italy: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Italy: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Spain: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Spain: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Russia: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Russia: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Latin America: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Latin America: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Brazil: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Brazil: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Mexico: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Mexico: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Middle East and Africa: Fuel Cards Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Middle East and Africa: Fuel Cards Market: Breakup by Country (in %), 2021
Figure 81: Middle East and Africa: Fuel Cards Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Global: Fuel Cards Industry: SWOT Analysis
Figure 83: Global: Fuel Cards Industry: Value Chain Analysis
Figure 84: Global: Fuel Cards Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Fuel Cards Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Fuel Cards Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Fuel Cards Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Fuel Cards Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Fuel Cards Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Fuel Cards Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Fuel Cards Market: Competitive Structure
Table 8: Global: Fuel Cards Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links