[Research Report] The global fuel card market is estimated to account US$ 6.29 Bn in 2018 and is expected to grow at a CAGR of 5.8% during the forecast period 2019 – 2027, to account to US$ 10.39 Bn by 2027.
The North America region commands a significant market share in terms of revenue generated for fuel card and it is estimated that it will continue to dominate the market share through-out the forecast period. Universal cards are the most convenient fuel card type, the providers of these cards usually partner with several fuel companies and offer great flexibility. Certain fuel card companies merely operate in some countries or regions while others may only be accepted at particular fuel stations. Users with less options in their region may need to be cautious regarding limiting them to just a few fuel stations.
Fuel Card Market Insights
Efficient fleet administration with the help of enhanced data capture
Fuel cards enable enhanced tracking of fleet expenses and efficiency of the fleet by tracking real-time mileage and fuel usage by vehicles in a fleet. Fleet operators use fuel cards for costs such as truck maintenance, truck repairs, fuel, truck cleaning, and replacement vehicle rental, among others. Data captured by a fuel card include odometer reading, fuel grades, fuel product, and quantity of fuel, vehicle ID, driver ID and tax information along with transaction details such as time, location, spend amount and date support rich repowering for fleet managers. This factor would be propelling the demand of fuel card market in the forecast period.
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Fuel Card Market: Strategic Insights
Market Size Value in US$ 6.29 Billion in 2018 Market Size Value by US$ 10.39 Billion by 2027 Growth rate CAGR of 5.8% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Fuel Card Market: Strategic Insights
| Market Size Value in | US$ 6.29 Billion in 2018 |
| Market Size Value by | US$ 10.39 Billion by 2027 |
| Growth rate | CAGR of 5.8% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Less Fraudulent risk associated with the usage of fuel card
Fuel card usage offers benefits in terms of functionality and security when compared to alternative methods of payment for fuel such as petty cash. Cards can be imprinted with the vehicle registration number or driver’s name and the company name providing further protection against fraudulent usage or cards for refueling. Comprehensive information on all fuel dealings reduces the prospective for employee misuse and offers superior control over authentic vehicle usage. Therefore, the fuel card market across the globe is anticipated to grow.
Type Segment Insights
The fuel card market by component is segmented into branded fuel cards, merchant fuel cards, and universal fuel cards. Fuel cards are usually used by SMEs and large business to track their fuel consumption and make convenient make cashless payment. Such cards are most common for the business or organizations which deals into transportation and fleet management. Different companies operating in the space offer different card type. These cards apart from refilling fuels are used for several other purpose. Fuel card by issuer can be broadly categories independent or branded.
Application Segment Insights
The global fuel card market based on application has been segmented into fuel refill, parking, vehicle service, toll charge, and others. A fuel card enables users’ as well as business owners to manage and control fuel and maintenance expenses. They are generally used as a payment card for fuels at petrol stations. Moreover, these cards can also be used for payment of other vehicle services such as repairs, maintenance as well as roadside assistance. Owing to broad reporting, several fuel cards enable users to obtain real time reports, thus, helping them to stay up-to-date of all business expenses along with managing vehicle taxes.
Fuel Card Market Report Scope
Some of the market initiatives were observed to be most adopted strategy in the global fuel card market. Few of the recent market initiatives are listed below:
2019:Edenred Capital Partners invests in innovative businesses with high growth potential in areas related to Edenred's activities. The aim is to enhance the Group's ecosystem by initiating valuable synergies with the companies backed.
2018:Edenred, the world leader in transactional solutions for companies, employees and merchants, today announced the signing of an agreement to acquire 80% of the share capital of The Right Fuelcard Company (TRFC) group, the number four fuel card program manager in the United Kingdom.
GLOBAL FUEL CARD MARKET SEGMENTATION
Global Fuel Card Market – By Type
- Branded Fuel Cards
- Merchant Branded Fuel Cards
- Universal Fuel Cards
Global Fuel Card Market – By Application
- Fuel Refill
- Parking
- Vehicle Service
- Toll Charge
- Others
Global Fuel Card Market – By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- Rest of APAC
Middle EAST & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
South America
- Brazil
- Rest of South America
Global Fuel Card Market - Company Profiles
- BP P.L.C.
- Exxon Mobil Corporation
- Fleetcor Technologies, Inc.
- Royal Dutch Shell plc
- U.S. Bank
- Wex Inc.
- DKV
- World Fuel Services
- Edenerd
- Radius Payment Solutions.
Allstar, Arco, Caltex , Chevron Texaco, Commdel, EDC, Engen Petroleum Ltd., FastFuel, Fleetcare Pty Ltd, fuelGenie, and Fuelman are few other market players from value chain which are not profiled in the report but the can be included based on request.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Fuel Card Market – By Type
1.3.2 Global Fuel Card Market – By Application
1.3.3 Global Fuel Card Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Fuel Card Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Fuel Card Market – North America PEST Analysis
4.2.2 Fuel Card Market – Europe PEST Analysis
4.2.3 Fuel Card Market – Asia-Pacific PEST Analysis
4.2.4 Fuel Card Market – Middle East and Africa PEST Analysis
4.2.5 Fuel Card Market – South America PEST Analysis
5. Fuel Card Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Efficient fleet administration with the help of enhanced data capture
5.1.2 Less Fraudulent risk associated with the usage of fuel card is expected to drive the market
5.2 Key Market Restraints
5.2.1 Concerns related to security
5.3 Key market opportunities
5.3.1 Integration of telematics with fuel cards
5.4 Future Trends
5.4.1 Leveraging telematics with the adoption of fuel card
5.5 Impact Analysis of Drivers and Restraints
6. Fuel Card Market Analysis – By Type
6.1 Overview
6.2 Global Fuel Card Market Breakdown, By Type, 2018 & 2027
6.3 Branded Fuel Cards
6.3.1 Overview
6.3.2 Global Branded Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
6.4 Merchant Fuel Cards
6.4.1 Overview
6.4.2 Merchant Fuel Cards Market Revenue and Forecasts to 2027 (US$ Mn)
6.5 Universal Fuel Cards
6.5.1 Overview
6.5.2 Global Universal Fuel Cards Market Revenue and Forecasts to 2027 (US$ Mn)
7. Fuel Card Market Analysis – By Application
7.1 Overview
7.2 Fuel Card Market Breakdown, By Application, 2018 & 2027
7.3 Fuel Refill
7.3.1 Overview
7.3.2 Fuel Refill Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Parking
7.4.1 Overview
7.4.2 Parking Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Vehicle Service
7.5.1 Overview
7.5.2 Vehicle Service Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Toll Charge
7.6.1 Overview
7.6.2 Toll Charge Market Revenue and Forecasts to 2027 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
8. Global Fuel Card Market – Geographic Analysis
8.1 Overview
8.2 North America Fuel Card Market Revenue and Forecast to 2027
8.2.1 North America Fuel Card Market Revenue and Forecast to 2027 (US$ Mn)
8.2.2 North America Fuel Card Market Breakdown, By Type
8.2.3 North America Fuel Card Market Breakdown, By Application
8.2.4 North America Fuel Card Market Breakdown, By Key Country
8.2.4.1 US Fuel Card Market Revenue and Forecast to 2027 (US$ Mn)
8.2.4.1.1 US Fuel Card Market Breakdown, By Type
8.2.4.1.2 US Fuel Card Market Breakdown, By Application
8.2.4.2 Canada Fuel Card Market Revenue and Forecast to 2027 (US$ Mn)
8.2.4.2.1 Canada Fuel Card Market Breakdown, By Type
8.2.4.2.2 Canada Fuel Card Market Breakdown, By Application
8.2.4.3 Mexico Fuel Card Market Revenue and Forecast to 2027 (US$ Mn)
8.2.4.3.1 Mexico Fuel Card Market Breakdown, By Type
8.2.4.3.2 Mexico Fuel Card Market Breakdown, By Application
8.3 Europe Fuel Card Market Revenue and Forecasts To 2027
8.3.1 Europe Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.3.2 Europe Fuel Card Market Breakdown, By Type
8.3.3 Europe Fuel Card Market Breakdown, By Application
8.3.4 Europe Fuel Card Market Breakdown, By Key Country
8.3.4.1 Germany Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.3.4.1.1 Germany Fuel Card Market Breakdown, By Type
8.3.4.1.2 Germany Fuel Card Market Breakdown, By Application
8.3.4.2 France Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.3.4.2.1 France Fuel Card Market Breakdown, By Type
8.3.4.2.2 France Fuel Card Market Breakdown, By Application
8.3.4.3 Italy Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.3.4.3.1 Italy Fuel Card Market Breakdown, By Type
8.3.4.3.2 Italy Fuel Card Market Breakdown, By Application
8.3.4.4 Russia Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.3.4.4.1 Russia Fuel Card Market Breakdown, By Type
8.3.4.4.2 Russia Fuel Card Market Breakdown, By Application
8.3.4.5 UK Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.3.4.5.1 UK Fuel Card Market Breakdown, By Type
8.3.4.5.2 UK Fuel Card Market Breakdown, By Application
8.3.4.6 Rest of Europe Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.3.4.6.1 Rest of Europe Fuel Card Market Breakdown, By Type
8.3.4.6.2 Rest of Europe Fuel Card Market Breakdown, By Application
8.4 APAC Fuel Card Market Revenue and Forecasts To 2027
8.4.1 APAC Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.4.2 APAC Fuel Card Market Breakdown, By Type
8.4.3 APAC Fuel Card Market Breakdown, By Application
8.4.4 APAC Fuel Card Market Breakdown, By Key Country
8.4.4.1 Australia Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.4.4.1.1 Australia Fuel Card Market Breakdown, By Type
8.4.4.1.2 Australia Fuel Card Market Breakdown, By Application
8.4.4.2 China Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.4.4.2.1 China Fuel Card Market Breakdown, By Type
8.4.4.2.2 China Fuel Card Market Breakdown, By Application
8.4.4.3 India Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.4.4.3.1 India Fuel Card Market Breakdown, By Type
8.4.4.3.2 India Fuel Card Market Breakdown, By Application
8.4.4.4 Japan Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.4.4.4.1 Japan Fuel Card Market Breakdown, By Type
8.4.4.4.2 Japan Fuel Card Market Breakdown, By Application
8.4.4.5 Rest of APAC Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.4.4.5.1 Rest of APAC Fuel Card Market Breakdown, By Type
8.4.4.5.2 Rest of APAC Fuel Card Market Breakdown, By Application
8.5 Middle East and Africa Fuel Card Market Revenue and Forecasts To 2027
8.5.1 MEA Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.5.2 MEA Fuel Card Market Breakdown, By Type
8.5.3 MEA Fuel Card Market Breakdown, By Application
8.5.4 MEA Fuel Card Market Breakdown, By Key Country
8.5.4.1 South Africa Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.5.4.1.1 South Africa Fuel Card Market Breakdown, By Type
8.5.4.1.2 South Africa Fuel Card Market Breakdown, By Application
8.5.4.2 Saudi Arabia Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.5.4.2.1 Saudi Arabia Fuel Card Market Breakdown, By Type
8.5.4.2.2 Saudi Arabia Fuel Card Market Breakdown, By Application
8.5.4.3 UAE Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.5.4.3.1 UAE Fuel Card Market Breakdown, By Type
8.5.4.3.2 UAE Fuel Card Market Breakdown, By Application
8.5.4.4 Rest of MEA Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.5.4.4.1 Rest of MEA Fuel Card Market Breakdown, By Type
8.5.4.4.2 Rest of MEA Fuel Card Market Breakdown, By Application
8.6 South America Fuel Card Market Revenue and Forecasts To 2027
8.6.1 South America Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.6.2 South America Fuel Card Market Breakdown, By Type
8.6.3 South America Fuel Card Market Breakdown, By Application
8.6.4 South America Fuel Card Market Breakdown, By Key Country
8.6.4.1 Brazil Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.6.4.1.1 Brazil Fuel Card Market Breakdown, By Type
8.6.4.1.2 Brazil Fuel Card Market Breakdown, By Application
8.6.4.2 Rest of SAM Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
8.6.4.2.1 Rest of SAM Fuel Card Market Breakdown, By Type
8.6.4.2.2 Rest of SAM Fuel Card Market Breakdown, By Application
9. Industry Landscape
9.1 Market Initiative
9.2 New Development
10. Fuel Card Market – Company Profiles
10.1 BP p.l.c.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 DKV EURO SERVICE GmbH + Co. KG
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Edenred
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 EXXON MOBIL
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Fleetcor Technologies INc.
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Radius Payment Solutions
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Royal Dutch Shell PLC
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 U.S. Bank
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 World Fuel Services Corporation
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 WEX Inc.
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary
LIST OF TABLES
Table 1. North America Fuel Card Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 2. North America Fuel Card Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 3. US Fuel Card Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 4. US Fuel Card Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 5. Canada Fuel Card Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 6. Canada Fuel Card Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 7. Mexico Fuel Card Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 8. Mexico Fuel Card Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 9. Europe Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 10. Europe Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 11. Germany Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 12. Germany Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 13. France Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 14. France Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 15. Italy Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 16. Italy Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 17. Russia Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 18. Russia Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 19. UK Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 20. UK Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 21. Rest of Europe Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 22. Rest of Europe Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 23. APAC Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 24. APAC Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 25. Australia Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 26. Australia Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 27. China Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 28. China Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 29. India Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 30. India Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 31. Japan Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 32. Japan Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 33. Rest of APAC Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 34. Rest of APAC Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 35. MEA Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 36. MEA Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 37. South Africa Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 38. South Africa Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 39. Saudi Arabia Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 40. Saudi Arabia Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 41. UAE Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 42. UAE Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 43. Rest of MEA Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 44. Rest of MEA Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 45. South America Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 46. South America Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 47. Brazil Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 48. Brazil Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 49. Rest of SAM Fuel Card Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 50. Rest of SAM Fuel Card Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 51. Glossary of Terms, fuel card Market
LIST OF FIGURES
Figure 1. Fuel Card Market Segmentation
Figure 2. Fuel Card Market Segmentation - Geography
Figure 3. Global Fuel Card Market Overview
Figure 4. Universal Fuel Card type is anticipated to be the fastest growing segment in global fuel card market from 2019 to 2027
Figure 5. Fuel Refill held the largest share in global fuel card market (2018)
Figure 6. Asia Pacific is the largest as well as the fastest growing region in global fuel card market (2018)
Figure 7. Global Fuel Card Market, By Geography ($Mn)
Figure 8. Global Fuel Card Market- Leading Country Markets ($Mn)
Figure 9. Global Fuel Card Market, Industry Landscape
Figure 10. North America – PEST analysis
Figure 11. Europe- PEST Analysis
Figure 12. Asia-Pacific- PEST Analysis
Figure 13. Middle East and Africa- PEST Analysis
Figure 14. South America- PEST Analysis
Figure 15. Impact Analysis of Drivers and Restraints Pertaining to Fuel Card Market
Figure 16. Global Fuel Card Market Breakdown, by Type, 2018 & 2027 (%)
Figure 17. Global Branded Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Merchant Fuel Cards Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Global Universal Fuel Cards Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Global Fuel Card Market Breakdown, By Application, 2018 & 2027 (%)
Figure 21. Fuel Refill Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Parking Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Vehicle Service Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Toll Charge Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Fuel Card Market, Global Breakdown, by Regions, 2018 & 2027 (%)
Figure 27. North America Fuel Card Market Revenue and Forecast to 2027 (US$ Mn)
Figure 28. North America Fuel Card Market Breakdown, By Type, 2018 & 2027 (%)
Figure 29. North America Fuel Card Market Breakdown, By Application, 2018 & 2027 (%)
Figure 30. North America Fuel Card Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 31. US Fuel Card Market Revenue and Forecast to 2027 (US$ Mn)
Figure 32. Canada Fuel Card Market Revenue and Forecast to 2027 (US$ Mn)
Figure 33. Mexico Fuel Card Market Revenue and Forecast to 2027 (US$ Mn)
Figure 34. Europe Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 35. Europe Fuel Card Market Breakdown, By Type, 2018 & 2027 (%)
Figure 36. Europe Fuel Card Market Breakdown, By Application, 2018 & 2027 (%)
Figure 37. Europe Fuel Card Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 38. Germany Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 39. France Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 40. Italy Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 41. Russia Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 42. UK Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 43. Rest of Europe Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 44. APAC Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 45. APAC Fuel Card Market Breakdown, By Type, 2018 & 2027 (%)
Figure 46. APAC Fuel Card Market Breakdown, By Application, 2018 & 2027 (%)
Figure 47. APAC Fuel Card Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 48. Australia Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 49. China Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 50. India Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 51. Japan Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 52. Rest of APAC Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 53. MEA Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 54. MEA Fuel Card Market Breakdown, By Type, 2018 & 2027 (%)
Figure 55. MEA Fuel Card Market Breakdown, By Application, 2018 & 2027 (%)
Figure 56. MEA Fuel Card Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 57. South Africa Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 58. Saudi Arabia Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 59. UAE Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 60. Rest of MEA Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 61. South America Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 62. South America Fuel Card Market Breakdown, By Type, 2018 & 2027 (%)
Figure 63. South America Fuel Card Market Breakdown, By Application, 2018 & 2027 (%)
Figure 64. South America Fuel Card Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 65. Brazil Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 66. Rest of SAM Fuel Card Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies
- BP P.L.C.
- Exxon Mobil Corporation
- Fleetcor Technologies, Inc.
- Royal Dutch Shell plc
- U.S. Bank
- Wex Inc.
- DKV
- World Fuel Services
- Edenerd
- Radius Payment Solutions
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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