Global Fuel Card Market Expected to Experience Rapid Growth, Registering 4.8% CAGR during the Forecast Period, 2017-2022

According to the latest report by Fact.MR, the global market for fuel card is expected to witness average growth. The market is estimated to reach US$ 11,734.2 million revenue by the end of 2022.

Rockville, US, 2018-Apr-11 — /EPR Network/ — The global market discussion on fuel card industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Fuel Card Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on fuel card market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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According to a study by Fact.MR, the global fuel card market is expected to experience moderate growth, registering 4.8% CAGR during the forecast period, 2017-2022. Fuel cards are gaining popularity among the customers and fleet owners. Fuel card providers have started integrating new technologies, providing real time updates and payment security. Below are the few insights on the future of the global fuel card market.

Forecast Highlights on Global Fuel Card Market 

1- APEJ region is expected to remain dominant in the global fuel card market. Witnessing a steady growth, the region is estimated to reach close to US$ 3,500 million by the end of 2022.

2- North America is expected to emerge as the second largest market for fuel card. Quick adoption of innovative technologies with improving profitability and significant discounts offered under fuel card programs are some of the factors fueling the growth of fuel card in the region.

3- Adoption of fuel card is expected to be the highest among Over the Road fleets. By the end of 2017, Over the Road fleets are projected to account for nearly one-third of the revenue share of global market value. Over the Road fleets are estimated to reach nearly US$ 3,600 million revenue by the end of 2022.

4- Compared to the bearer card, registered card as the type of fuel card is estimated to account for nearly two-third of the revenue share by the end of 2017. Towards the end of 2022, registered card is projected to bring in nearly US$ 7,800 million revenues.

Over the Road Fleets to Gain Maximum Revenue Share

Over the road fleets are expected to be the major adopters of a fleet card. Witnessing moderate growth, over the road fleets are estimated to surpass US$ 3,500 million revenues towards the end of 2022. Helping to control fleet expenses, tracking spending by drivers, thereby preventing unauthorized purchase are some of the factors leading to the increasing adoption of fuel card by over the road fleets.

Registered Card to be Highly Preferred Fuel Card 

The registered card is projected to account for around two-third of the revenue share by the end of 2017. The registered card is estimated to reach nearly US$ 7,800 million by 2022 end. Meanwhile, Bearer card is projected to create an incremental opportunity of over US$ 800 million during the forecast period, 2017-2022.

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Table of Contents:

1. Global Fuel Card Market – Executive Summary
2. Global Fuel Card Market Overview
   2.1. Introduction
   2.1.1. Global Fuel Card Market Taxonomy
   2.1.2. Global Fuel Card Market Definition
   2.2. Global Fuel Card Market Size (US$ Mn) and Forecast, 2012-2022
   2.2.1. Global Fuel Card Market Y-o-Y Growth
   2.3. Global Fuel Card Market Dynamics
   2.4. Supply Chain
   2.5. Cost Structure
   2.6. Pricing Analysis
   2.7. Raw Material Sourcing Strategy and Analysis
   2.8. List of Distributors
   2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Fuel Card Market Analysis and Forecast By Fleet Type
   3.1. Global Fuel Card Market Size and Forecast By Fleet Type, 2012-2022
   3.1.1. Commercial Fleets Fuel Card Market Size and Forecast, 2012-2022
   3.1.1.1. Revenue (US$ Mn) Comparison, By Region
   3.1.1.2. Market Share Comparison, By Region
   3.1.1.3. Y-o-Y growth Comparison, By Region
   3.1.2. Aviation Fuel Card Market Size and Forecast, 2012-2022
   3.1.2.1. Revenue (US$ Mn) Comparison, By Region
   3.1.2.2. Market Share Comparison, By Region
   3.1.2.3. Y-o-Y growth Comparison, By Region
   3.1.3. Marine Fuel Card Market Size and Forecast, 2012-2022
   3.1.3.1. Revenue (US$ Mn) Comparison, By Region
   3.1.3.2. Market Share Comparison, By Region
   3.1.3.3. Y-o-Y growth Comparison, By Region
   3.1.4. Over The Road Fuel Card Market Size and Forecast, 2012-2022
   3.1.4.1. Revenue (US$ Mn) Comparison, By Region
   3.1.4.2. Market Share Comparison, By Region
   3.1.4.3. Y-o-Y growth Comparison, By Region

Continued…..

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