Fuel Cards Report - Belgium 2023

Fuel Cards Report - Belgium 2023

Summary

Fuel Cards in Belgium 2023 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and forecasts to 2028 in Belgium.

Fleet card volumes increased by 4.7% from 1.68 billion liters in 2022 to 1.76 billion liters in 2023.

Scope

• The total number of service stations in Belgium increased by 0.8% from 3,119 in 2022 to 3,143 in 2023. In 2023, 7,547 new fuel cards were issued, bringing the total number of fuel cards in the market to 1.27 million. Out of the total number of active cards in the market, 84% were held by fleet vehicles and 16% by CRT vehicles. Fuel card volumes will rise at a compound annual growth rate (CAGR) of 0.2% during 2024-28, reaching 2.5 billion liters in 2028.

• Plan effective market entry strategies by uncovering current and future volumes and values of the Belgian fuel card market. Assess whether you are an issuer, a processor, a leasing company or a fuel retailer, make informed pitches to partners by understanding their business. Enhance fuel sales at your service stations by identifying which fuel cards you should accept based on their network acceptance. Plan your regional strategy by understanding the Western European markets, Slovenia, Austria, Belgium, Switzerland, Netherlands, Ireland, Luxembourg.