Fuel cards also known as fleet cards are being used to make payments for fuels, maintenance and repair of vehicles. These cards are mostly used by businesses managing fleet of vehicles. Fuel card market is witnessing lot of partnerships as many fuel companies are offering their own branded fuel cards. Fuel card issuers are also focusing on telematics, enabling the fleets to save on fuel. Wireless fueling is an emerging technology, helping business to track vehicles remotely and prevent fuel theft. This report, compiled by Fact.MR, provides in-depth analysis of the global fuel card market for the forecast period 2017-2022, and offers key insights about future market direction. The scope of Fact.MR’s report is to analyze the global fuel card market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Fuel card manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to fuel card.
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Fuel Card to be largely used for Oil Fees
A fuel card is expected to witness maximum usage in oil fees. Oil fees on basis of application of fuel card is projected to bring in nearly US$ 3,700 million revenues by the end of 2022. Volatility in the fuel cost is one of the factors driving the use of fuel card to make payment for fuel. Moreover, fuel card providers are also offering discounts on purchase of fuel by using a fuel card, loyalty programs are also among the key drivers in the fuel card industry.
Forecast Highlights on Global Fuel Card Market
APEJ region is expected to remain dominant in the global fuel card market. Witnessing a steady growth, the region is estimated to reach close to US$ 3,500 million by the end of 2022.
North America is expected to emerge as the second largest market for fuel card. Quick adoption of innovative technologies with improving profitability and significant discounts offered under fuel card programs are some of the factors fueling the growth of fuel card in the region.
Adoption of fuel card is expected to be the highest among Over the Road fleets. By the end of 2017, Over the Road fleets are projected to account for nearly one-third of the revenue share of global market value. Over the Road fleets are estimated to reach nearly US$ 3,600 million revenue by the end of 2022.
Compared to the bearer card, registered card as the type of fuel card is estimated to account for nearly two-third of the revenue share by the end of 2017. Towards the end of 2022, registered card is projected to bring in nearly US$ 7,800 million revenues.
A fuel card is expected to be largely used for Oil fees. Accounting for nearly one-third of the revenue share by 2017 end, oil fees is estimated to create an incremental opportunity of over US$ 600 million between 2017 and 2022. Meanwhile, fleet maintenance will also witness significant growth in the global fuel card market.
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Table Of Content:
1. Global Fuel Card Market - Executive Summary
2. Global Fuel Card Market Overview
2.1. Introduction
2.1.1. Global Fuel Card Market Taxonomy
2.1.2. Global Fuel Card Market Definition
2.2. Global Fuel Card Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Fuel Card Market Y-o-Y Growth
2.3. Global Fuel Card Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Fuel Card Market Analysis and Forecast By Fleet Type
3.1. Global Fuel Card Market Size and Forecast By Fleet Type, 2012-2022
3.1.1. Commercial Fleets Fuel Card Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Aviation Fuel Card Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
Continue…
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