Fuel Card Market to 2027 – BP P.L.C., Exxon Mobil Corporation, Fleetcor Technologies

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 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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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.

The reports cover key developments in the Fuel Card market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Fuel Card market are anticipated to lucrative growth opportunities in the future with the rising demand for Fuel Card market in the global market.

The “Global Fuel Card Market Analysis to 2027” is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Fuel Card market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Fuel Card market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Fuel Card market players and offers key trends and opportunities in the market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Fuel Card market based on the type and application. It also provides market size and forecast till 2027 for overall Fuel Card market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting Fuel Card market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Fuel Card Market report.

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Answers that the report acknowledges:

o Market size and growth rate during forecast period.
o Key factors driving the Fuel Card Market.
o Key market trends cracking up the growth of the Fuel Card Market.
o Challenges to market growth.
o Key vendors of Fuel Card Market.
o Detailed SWOT analysis.
o Opportunities and threats faces by the existing vendors in Global Fuel Card Market.
o Trending factors influencing the market in the geographical regions.
o Strategic initiatives focusing the leading vendors.
o PEST analysis of the market in the five major regions.

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