
European Fuel Card Market Report and Forecast 2024-2032
Description
European Fuel Card Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the European fuel card market is projected to grow at a CAGR of 4.8% between 2024 and 2032. Aided by the growing demand for cashless fuel transactions and the extensive advantages offered by fuel cards in fleet management, the market is expected to grow significantly by 2032.
Fuel cards, often referred to as fleet cards, are specialised payment cards that enable the cardholder to purchase fuel and lubricants at authorised stations. They offer benefits like comprehensive reporting, expense control, and convenience for drivers, rendering them indispensable for businesses that manage fleet operations. These cards also facilitate the automation of fuel spend monitoring, providing detailed insights into consumption patterns, and helping businesses optimise their operational efficiencies.
The rising demand for efficient fleet management solutions is a primary driver of the European fuel card market growth. Companies are increasingly focusing on streamlining their operations, reducing overheads, and improving transparency in fuel consumption. Fuel cards, with their ability to offer real-time tracking, expenditure limits, and transaction details, play a pivotal role in addressing these needs.
Moreover, the shift towards cashless transactions in Europe further propels the popularity of fuel cards. With advancements in digitalisation and the growing emphasis on transactional security, fuel cards present a convenient and safe alternative to cash payments, fostering their adoption among individual consumers and businesses alike.
The integration of advanced technologies into fuel cards has significantly enhanced their functionality. Modern-day fuel cards are often equipped with features like real-time notifications, fraud detection, and integration with fleet management software, ensuring comprehensive fleet management solutions for businesses.
Furthermore, environmental concerns and the push for sustainability have influenced the European fuel card market outlook. Many fuel card providers are now offering cards specifically for alternative fuels, aiding businesses in tracking and managing their alternative fuel consumption. This not only promotes environmentally friendly fuel options but also encourages businesses to transition to greener fleet solutions.
Nevertheless, continuous innovation in the sector, focusing on enhanced security features and the integration of advanced technologies, is anticipated to boost the European fuel card market demand in the coming years. The development of fuel cards catering specifically to EVs and hybrid vehicles might also be a pivotal strategy for market players in the coming years.
Market Segmentation
The market can be divided based on type, application, and country.
Market Breakup by Type
- Universal Cards
- Branded Cards
- Merchant Cards
- Parking
- Fuel Refill
- Vehicle Service
- Toll Charge
- Others
- United Kingdom
- Germany
- France
- Italy
- Others
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the European fuel card market. Some of the major players explored in the report by Expert Market Research are as follows:
- BP International Limited
- European Diesel Card Ltd.
- Exxon Mobil Corporation
- FleetCor Technologies, Inc.
- Shell International B.V.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
148 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 7 Opportunities and Challenges in the Market
- 8 European Fuel Card Market Analysis
- 8.1 Key Industry Highlights
- 8.2 European Fuel Card Historical Market (2018-2023)
- 8.3 European Fuel Card Market Forecast (2024-2032)
- 8.4 European Fuel Card Market by Type
- 8.4.1 Universal Cards
- 8.4.1.1 Historical Trend (2018-2023)
- 8.4.1.2 Forecast Trend (2024-2032)
- 8.4.2 Branded Cards
- 8.4.2.1 Historical Trend (2018-2023)
- 8.4.2.2 Forecast Trend (2024-2032)
- 8.4.3 Merchant Cards
- 8.4.3.1 Historical Trend (2018-2023)
- 8.4.3.2 Forecast Trend (2024-2032)
- 8.5 European Fuel Card Market by Application
- 8.5.1 Parking
- 8.5.1.1 Historical Trend (2018-2023)
- 8.5.1.2 Forecast Trend (2024-2032)
- 8.5.2 Fuel Refill
- 8.5.2.1 Historical Trend (2018-2023)
- 8.5.2.2 Forecast Trend (2024-2032)
- 8.5.3 Vehicle Service
- 8.5.3.1 Historical Trend (2018-2023)
- 8.5.3.2 Forecast Trend (2024-2032)
- 8.5.4 Toll Charge
- 8.5.4.1 Historical Trend (2018-2023)
- 8.5.4.2 Forecast Trend (2024-2032)
- 8.5.5 Others
- 8.6 Europe Fuel Card Market by Country
- 8.6.1 United Kingdom
- 8.6.2 Germany
- 8.6.3 France
- 8.6.4 Italy
- 8.6.5 Others
- 9 Regional Analysis
- 9.1 United Kingdom
- 9.1.1 Historical Trend (2018-2023)
- 9.1.2 Forecast Trend (2024-2032)
- 9.2 Germany
- 9.2.1 Historical Trend (2018-2023)
- 9.2.2 Forecast Trend (2024-2032)
- 9.3 France
- 9.3.1 Historical Trend (2018-2023)
- 9.3.2 Forecast Trend (2024-2032)
- 9.4 Italy
- 9.4.1 Historical Trend (2018-2023)
- 9.4.2 Forecast Trend (2024-2032)
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Competitive Landscape
- 11.1 Market Structure
- 11.2 Company Profiles
- 11.2.1 BP International Limited
- 11.2.1.1 Company Overview
- 11.2.1.2 Product Portfolio
- 11.2.1.3 Demographic Reach and Achievements
- 11.2.1.4 Certifications
- 11.2.2 European Diesel Card Ltd.
- 11.2.2.1 Company Overview
- 11.2.2.2 Product Portfolio
- 11.2.2.3 Demographic Reach and Achievements
- 11.2.2.4 Certifications
- 11.2.3 Exxon Mobil Corporation
- 11.2.3.1 Company Overview
- 11.2.3.2 Product Portfolio
- 11.2.3.3 Demographic Reach and Achievements
- 11.2.3.4 Certifications
- 11.2.4 FleetCor Technologies, Inc.
- 11.2.4.1 Company Overview
- 11.2.4.2 Product Portfolio
- 11.2.4.3 Demographic Reach and Achievements
- 11.2.4.4 Certifications
- 11.2.5 Shell International B.V.
- 11.2.5.1 Company Overview
- 11.2.5.2 Product Portfolio
- 11.2.5.3 Demographic Reach and Achievements
- 11.2.5.4 Certifications
- 11.2.6 Others
- 12 Key Trends and Developments in the Market
- List of Key Figures and Tables
- 1. European Fuel Card Market: Key Industry Highlights, 2017 and 2021
- 2. European Fuel Card Historical Market: Breakup by Type (USD Million), 2018-2023
- 3. European Fuel Card Market Forecast: Breakup by Type (USD Million), 2024-2032
- 4. European Fuel Card Historical Market: Breakup by Application (USD Million), 2018-2023
- 5. European Fuel Card Market Forecast: Breakup by Application (USD Million), 2024-2032
- 6. Europe Fuel Card Historical Market: Breakup by Country (USD Million), 2018-2023
- 7. Europe Fuel Card Market Forecast: Breakup by Country (USD Million), 2024-2032
- 8. European Fuel Card Market Structure
Pricing
Currency Rates
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