Fuel Cards in Norway 2017: Market and competitor data and insights into the commercial fuel card sector
Total number of service stations in Norway decreased by 1.7% in 2016, totaling 1,867 service stations. Over 1,700 new fuel cards were issued in 2016, totaling to 444,338 cards in the market. Of those cards 86.0% were held by fleet vehicles and 14.0% CRT vehicles. Fuel card volumes increased by 0.2% in 2016 to 1.2 Billion litres, continuing the trend started in 2015.Fuel card volumes account for 41.5% of total fuel sold in Norway in 2016, and will continue to grow towards 2022.
Over 8,700 new fuel cards will be issued between 2017 and 2022, totaling to 454,840 cards in the market. Of those cards 88.4% will be held by fleet vehicles and 11.6% CRT vehicles. Fuel card volumes will increase by 6.1% between 2017 and 2022 totaling 1.4 Billion litres in 2022.Fuel card volumes will account for 45.0% of total fuel sold in Norway in 2022, as it increases annually between 2016 and 2022.
Fleet card volumes will continue to grow rising 10.1% between 2017 and 2022 to total 756m litres by the end of 2022. CRT card volumes decreased by 0.9% in 2016.after falling by 2.0% in 2015. Between 2017 and 2022 CRT card volumes will rise by 1.5%, totaling 606m litres by the end of 2022.
Top five fuel card operators made up 99.6% of fuel card volumes in 2016 due to a lack of competition in Norway and their large site acceptance networks. Circle K remained the Norwegian fuel card market leader as it increased its market share accounting for 32.3% in 2016, as clients were drawn to its large domestic and international service station network which covers 32.3% of the market.
The report Fuel Cards in Norway 2017, 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 market share forecasts to 2022, key data on independent and oil company card issuers and an analysis of fuel card competition in Norway.
Companies mentioned in this report: Shell, BP, Esso, DKV, UTA, TOTAL, Q8, Agip (Eni), ROUTEX, AS24, Aral, OMV, Circle K,OKQ8, St1, Teboil, Neste, MOL, Uno-X.
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