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PUBLISHER: IMARC | PRODUCT CODE: 1347513

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PUBLISHER: IMARC | PRODUCT CODE: 1347513

Fuel Cards Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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Market Overview:

The global fuel cards market size reached US$ 732.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,424.9 Billion by 2028, exhibiting a growth rate (CAGR) of 11.5% during 2023-2028.

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 report, along with forecasts at the global, regional and country level from 2023-2028. 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.

Key Questions Answered in This Report

  • 1. What was the size of the global fuel cards market in 2022?
  • 2. What is the expected growth rate of the global fuel cards market during 2023-2028?
  • 3. What has been the impact of COVID-19 on the global fuel cards market?
  • 4. What are the key factors driving the global fuel cards market?
  • 5. What is the breakup of the global fuel cards market based on the type?
  • 6. What is the breakup of the global fuel cards market based on the application?
  • 7. What are the key regions in the global fuel cards market?
  • 8. Who are the key players/companies in the global fuel cards market?
Product Code: SR112023A5703

Table of Contents

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
Product Code: SR112023A5703

List of Figures

  • Figure 1: Global: Fuel Cards Market: Major Drivers and Challenges
  • Figure 2: Global: Fuel Cards Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Fuel Cards Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Fuel Cards Market: Breakup by Type (in %), 2022
  • Figure 5: Global: Fuel Cards Market: Breakup by Technology (in %), 2022
  • Figure 6: Global: Fuel Cards Market: Breakup by Application (in %), 2022
  • Figure 7: Global: Fuel Cards Market: Breakup by End User (in %), 2022
  • Figure 8: Global: Fuel Cards Market: Breakup by Region (in %), 2022
  • Figure 9: Global: Fuel Cards (Branded) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 10: Global: Fuel Cards (Branded) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 11: Global: Fuel Cards (Universal) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 12: Global: Fuel Cards (Universal) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 13: Global: Fuel Cards (Merchant) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 14: Global: Fuel Cards (Merchant) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 15: Global: Fuel Cards (Smart Cards) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 16: Global: Fuel Cards (Smart Cards) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 17: Global: Fuel Cards (Standard Cards) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 18: Global: Fuel Cards (Standard Cards) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 19: Global: Fuel Cards (Fuel Refill) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 20: Global: Fuel Cards (Fuel Refill) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 21: Global: Fuel Cards (Parking) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 22: Global: Fuel Cards (Parking) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 23: Global: Fuel Cards (Vehicle Services) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 24: Global: Fuel Cards (Vehicle Services) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 25: Global: Fuel Cards (Toll Charges) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 26: Global: Fuel Cards (Toll Charges) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 27: Global: Fuel Cards (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 28: Global: Fuel Cards (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 29: Global: Fuel Cards (Individual) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 30: Global: Fuel Cards (Individual) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 31: Global: Fuel Cards (Corporate) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 32: Global: Fuel Cards (Corporate) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 33: North America: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 34: North America: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 35: United States: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 36: United States: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 37: Canada: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 38: Canada: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 39: Asia-Pacific: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 40: Asia-Pacific: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 41: China: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 42: China: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 43: Japan: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 44: Japan: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 45: India: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 46: India: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 47: South Korea: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 48: South Korea: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 49: Australia: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 50: Australia: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 51: Indonesia: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 52: Indonesia: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 53: Others: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 54: Others: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 55: Europe: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 56: Europe: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 57: Germany: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 58: Germany: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 59: France: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 60: France: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 61: United Kingdom: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 62: United Kingdom: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 63: Italy: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 64: Italy: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 65: Spain: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 66: Spain: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 67: Russia: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 68: Russia: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 69: Others: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 70: Others: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 71: Latin America: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 72: Latin America: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 73: Brazil: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 74: Brazil: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 75: Mexico: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 76: Mexico: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 77: Others: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 78: Others: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 79: Middle East and Africa: Fuel Cards Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 80: Middle East and Africa: Fuel Cards Market: Breakup by Country (in %), 2022
  • Figure 81: Middle East and Africa: Fuel Cards Market Forecast: Sales Value (in Million US$), 2023-2028
  • 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, 2022 and 2028
  • Table 2: Global: Fuel Cards Market Forecast: Breakup by Type (in Million US$), 2023-2028
  • Table 3: Global: Fuel Cards Market Forecast: Breakup by Technology (in Million US$), 2023-2028
  • Table 4: Global: Fuel Cards Market Forecast: Breakup by Application (in Million US$), 2023-2028
  • Table 5: Global: Fuel Cards Market Forecast: Breakup by End User (in Million US$), 2023-2028
  • Table 6: Global: Fuel Cards Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 7: Global: Fuel Cards Market: Competitive Structure
  • Table 8: Global: Fuel Cards Market: Key Players
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+32-2-535-7543

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Manager - Americas

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