Fuel Cards Report - China 2023

Fuel Cards Report - China 2023

Summary

Fuel Cards in China 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 China.

Fleet card volumes increased by 5.9% from 45.8 billion liters in 2022 to 48.5 billion liters in 2023.

Scope

• The total number of service stations in China increased by 1.8%, from 115,000 in 2022 to 117,090 in 2023. In 2023, more than 32,800 new fuel cards were issued, which brought the total number of fuel cards in the market to 6.6 million. Out of the total active cards in the market, 69.8% were held by fleet vehicles and 30.2% by CRT (Commercial Road Transport) vehicles. Fuel card volumes will achieve a compound annual growth rate (CAGR) of 1.4% during 2024-28, reaching 89.3 billion liters in 2028.

• Plan effective market entry strategies by uncovering current and future volumes and values of the Chinese 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 acceptanc.