The global fuel cards market size was valued at USD 723 billion in 2022. It is projected to reach from USD 867.17 billion in 2023 to USD 1.91 trillion by 2031, growing at a CAGR of 11.4% during the forecast period (2023-2031).
Fuel Cards Market Analysis, Size, Share, Growth, Trends, and Opportunities
Fuel Cards Market Size
The global fuel cards market size was valued at USD 723 billion in 2022 and is expected to reach USD 1.91 trillion by 2031, growing at a CAGR of 11.4% during the forecast period (2023-2031). This growth is driven by increasing demand for cashless transactions, rising fuel prices, and growing adoption of digital payment solutions.
Get a Sample PDF/Excel of report starting from USD 995 : https://straitsresearch.com/report/fuel-cards-market/request-sample
Market Definition
The fuel cards market refers to a type of payment card used for purchasing fuel and other related services, such as vehicle maintenance and toll charges. Fuel cards offer a convenient and cashless way for individuals and businesses to manage their fuel expenses.
Market Trends
Some of the key trends driving the growth of the fuel cards market include:
-
Increasing adoption of digital payment solutions
-
Growing demand for cashless transactions
-
Rising fuel prices
-
Expanding fleet management services
-
Integration of telematics and fuel cards
Market Segmentation
The global fuel cards market is segmented based on card type, application, end-user, technology, and vehicle type.
By Card Type
-
Branded
-
Universal
-
Merchant
By Applications
-
Fuel Refill
-
Parking
-
Vehicle Service
-
Toll Charge
By End Users
-
Sole Traders
-
SMEs (Small to Medium-sized Enterprises)
-
Large Enterprise
By Technology
-
Smart Cards
-
Standard Cards
By Vehicle Type
-
Light Duty (Class 1-2)
-
Medium Duty (Class 3-6)
-
Heavy Duty (Class 7-8)
Get Detail Market Segmentation : https://straitsresearch.com/report/fuel-cards-market/segmentation
Key Players
Some of the key players operating in the fuel cards market include:
-
Exxon Mobil Corporation (ExxonMobil)
-
Royal Dutch Shell plc (Shell)
-
BP plc (British Petroleum)
-
WEX Inc.
-
TotalEnergies SE
-
FLEETCOR Technologies, Inc.
-
DKV Euro Service
-
TransConnect Services
-
Puma Energy
-
Repsol
-
ENI (Ente Nazionale Idrocarburi)
-
OLA Energy
-
Caltex
-
PetroChina International (Singapore) Pte. Ltd.
-
Edenred
Key Opportunities
The fuel cards market presents several opportunities for growth, including:
-
Increasing adoption of digital payment solutions
-
Growing demand for cashless transactions
-
Expanding fleet management services
-
Integration of telematics and fuel cards
This Report is available for purchase on : https://straitsresearch.com/buy-now/fuel-cards-market
About Straits Research
Straits Research is a top provider of business intelligence, specializing in research, analytics, and advisory services. We offer in-depth insights into various industries, including technology, healthcare, finance, and more.
Contact Us
For more information, please contact:
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY, USA, 10022
Phone: +1 646 905 0080 (US), +91 8087085354 (India), +44 203 695 0070 (UK)
Comments
0 comment