Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Fuel Card market. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2018, and key prospects over the forecast period 2018 – 2028.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Fuel Card market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Fuel Card market.
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After reading the Fuel Card market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the Fuel Card market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
The Fuel Card market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
- North America
- Latin America
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The evaluation of the competitive landscape in the Fuel Card market covers the profile of the following top players:
Fuel Genie (Worldline IT Services Ltd.), H24 (Ingenico Group), Valero Energy Corporation, Eurowag (W.A.G. payment solutions, a.s.), Hoyer GmbH, 360Fuelcard, Exxon Mobil Corporation, BP Plc., Royal Dutch Shell Plc., Total S.A., Marathon Petroleum Corporation, Repsol, S.A., Petro-Canada Superpass (Suncor Energy Inc.), Voyager Fleet Card, Radius Payment Solutions, and DKV Euro Service (DKV Mobility Services Group).
- The fuel card market witnessed impressive growth at a CAGR of 5.8% during 2013-2017. The transaction value of fuel card was worth US$ 1 trillion in 2017, with growing adoption in business and truck fleet creating sustained opportunities.
- Driven by growing need for implementing an efficient fuel management system, the transaction value of fuel card systems is likely to reach nearly US$ 1.1 trillion by 2019.
- The fuel card market is projected to witness healthy growth at a CAGR of 6.8% between 2018 and 2028.
- On the back of increasing awareness about environmental impact of harmful emissions and imposition of strict environmental rules, Europe is likely to remain the leading market for fuel cards during the forecast period.
- Increasing vehicle fleet and ongoing industrial developments in China and South Korea are likely to create lucrative opportunities in East Asia.
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The global Fuel Card market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
Some important questions that the Fuel Card market report tries to answer exhaustively are:
- Key strategic moves by various players in the Fuel Card market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
- Which strategies will enable top players in the Fuel Card market to expand their geographic footprints?
- Which new business models are expected to change the course of growth of key regional markets in near future?
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
- Which products segments have in recent years have seen new, lucrative application areas?
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