Fuel Card Market: By Fuel Card Type, By Type, By Technology, By Application and Geography
Fuel Card Market: By Fuel Card Type, By Type, By Technology, By Application and Geography
Fuel Card Market size was valued at US$ 685.3 billion in 2023 and is expected to reach a value of US$ 1,592.4 billion by 2030, growing at a CAGR of 12.8% from 2024 to 2030. The global market provides a detailed overview of the market that can be segmented by fuel card type, type, technology, and application. By fuel card type, the market has been segmented into business fuel cards, individual fuel card, and prepaid fuel card. The business fuel card segment is likely to be the largest and fastest-growing segment in terms of fuel card type. Based on Type, the market is segmented into branded fuel cards, merchant branded fuel cards, and universal fuel cards. Among these, the merchant branded fuel cards segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on technology, the market is segregated into smart cards and standard cards. The smart card held a considerable market share during the forecast period. Based on application, the market is segregated into fuel refill, parking, vehicle service, toll charge, and others. Vehicle service held a considerable market share during the estimated period.
Study Period
2024-2030Base Year
2023CAGR
12.8%Largest Market
North AmericaFastest Growing Market
Europe
Strong reporting capabilities as standard product offers to improve fleet management productivity, the need for improved fuel management, the penetration of digital transaction solutions, discounts on gasoline cards, and a growing preference for digital banking are all some key factors influencing the market growth.
By region, the North American market is expected to witness the highest market share during the forecast period due to increased cashless behavior among people and the area's fast-paced lifestyle. Another factor driving the growth of the market in the North American region is the internet's pervasiveness at every step of daily living activities. The United States of America will serve as the region's growth catalyst. Europe held a significant market share during the estimated period due to the existence of significant service providers of prepaid corporate cards and online affinity.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 685.3 billion |
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Market Size in 2030 |
US$ 1,592.4 billion |
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Market CAGR |
12.8% |
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By Fuel Card Type |
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By Type |
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By Technology |
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The global fuel card market size was valued at US$ 685.3 billion in 2023 and is projected to grow at a CAGR of 12.8% from 2024 to 2030.
The major players in the global fuel card market are Royal Dutch Shell, ExxonMobil, British Petrolium, U.S. Bancorp. Allstar, Arco, Caltex, Chevron Texaco, Commdel, EDC, Certas Energy, FastFuel, Fleetcare Pty Ltd, Olibya, Puma Energy, Engen, First National Bank, Fuelgenie, Fuelman, Shell Global, WEX Inc., FLEETCOR, Comdata, Valero, Esso, Aral, Eurowag and Eurowag.
Europe is the fastest-growing region for the fuel card market
| 1. Executive Summary |
| 2. Global Fuel Card Market Introduction |
| 2.1. Global Fuel Card Market - Taxonomy |
| 2.2. Global Fuel Card Market -Definitions |
| 2.2.1. By Fuel Card Type |
| 2.2.2. By Type |
| 2.2.3. By Technology |
| 2.2.4. By Application |
| 3. Global Fuel Card Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Fuel Card Market Dynamic Factors - Impact Analysis |
| 3.6. Global Fuel Card Market - Competition Landscape |
| 4. Global Fuel Card Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Fuel Card Market, By Fuel Card Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.1. Business Fuel Card |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Individual Fuel Card |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Prepaid Fuel Card |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Fuel Card Market Forecast, By Type, 2019-2023 and Forecast, 2024-2030 |
| 6.1. Branded Fuel Cards |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Merchant Branded Fuel Cards |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Universal Fuel Cards |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Fuel Card Market Forecast, By Technology, 2019-2023 and Forecast, 2024-2030 |
| 7.1. Smart Card |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Standard Card |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Fuel Card Market Forecast, By Application, 2019-2023 and Forecast, 2024-2030 |
| 8.1. Fuel Refill |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Parking |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Vehicle Service |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Toll Charge |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Others |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. Global Fuel Card Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Fuel Card Market - Opportunity Analysis Index, By Fuel Card Type, By Type, Technology Type, Application, and Region, 2024-2030 |
| 10. North America Fuel Card Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 10.1. Fuel Card Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Business Fuel Cards |
| 10.1.2. Individual Fuel Cards |
| 10.1.3. Prepaid Fuel Cards |
| 10.2. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Branded |
| 10.2.2. Universal |
| 10.2.3. Merchant |
| 10.3. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Smart Card |
| 10.3.2. Standard Cards |
| 10.4. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Fuel Refill |
| 10.4.2. Parking |
| 10.4.3. Vehicle Service |
| 10.4.4. Toll Charge |
| 10.4.5. Others |
| 10.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. U.S. |
| 10.5.2. Canada |
| 10.6. North America Fuel Card Market - Opportunity Analysis Index, By Fuel Card Type, Type, Technology, Application, and Country, 2024-2030 |
| 10.7. North America Fuel Card Market Dynamics - Trends |
| 11. Europe Fuel Card Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 11.1. Fuel Card Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Business Fuel Cards |
| 11.1.2. Individual Fuel Cards |
| 11.1.3. Prepaid Fuel Cards |
| 11.2. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Branded |
| 11.2.2. Universal |
| 11.2.3. Merchant |
| 11.3. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Smart Card |
| 11.3.2. Standard Cards |
| 11.4. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Fuel Refill |
| 11.4.2. Parking |
| 11.4.3. Vehicle Service |
| 11.4.4. Toll Charge |
| 11.4.5. Others |
| 11.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Poland |
| 11.5.8. Rest of Europe |
| 11.6. Europe Fuel Card Market - Opportunity Analysis Index, By Fuel Card Type, Type, Technology Type, Application, and Country, 2024-2030 |
| 11.7. Europe Fuel Card Market Dynamics - Trends |
| 12. Asia-Pacific Fuel Card Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 12.1. Fuel Card Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Business Fuel Cards |
| 12.1.2. Individual Fuel Cards |
| 12.1.3. Prepaid Fuel Cards |
| 12.2. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Branded |
| 12.2.2. Universal |
| 12.2.3. Merchant |
| 12.3. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Smart Card |
| 12.3.2. Standard Cards |
| 12.4. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Fuel Refill |
| 12.4.2. Parking |
| 12.4.3. Vehicle Service |
| 12.4.4. Toll Charge |
| 12.4.5. Others |
| 12.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. Japan |
| 12.5.2. China |
| 12.5.3. India |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Fuel Card Market - Opportunity Analysis Index, By Fuel Card Type, Type, Gender, Technology Type, Application, and Country, 2024-2030 |
| 12.7. Asia-Pacific Fuel Card Market Dynamics - Trends |
| 13. Latin America Fuel Card Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 13.1. Fuel Card Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Business Fuel Cards |
| 13.1.2. Individual Fuel Cards |
| 13.1.3. Prepaid Fuel Cards |
| 13.2. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Branded |
| 13.2.2. Universal |
| 13.2.3. Merchant |
| 13.3. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Smart Card |
| 13.3.2. Standard Cards |
| 13.4. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Fuel Refill |
| 13.4.2. Parking |
| 13.4.3. Vehicle Service |
| 13.4.4. Toll Charge |
| 13.4.5. Others |
| 13.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Argentina |
| 13.5.4. Rest of Latin America |
| 13.6. Latin America Fuel Card Market - Opportunity Analysis Index, By Fuel Card Type, Type Technology Type, Application, and Country, 2024-2030 |
| 13.7. Latin America Fuel Card Market Dynamics - Trends |
| 14. Middle East and Africa Fuel Card Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn ) |
| 14.1. Fuel Card Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Business Fuel Cards |
| 14.1.2. Individual Fuel Cards |
| 14.1.3. Prepaid Fuel Cards |
| 14.2. Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.2.1. Branded |
| 14.2.2. Universal |
| 14.2.3. Merchant |
| 14.3. Technology Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Smart Card |
| 14.3.2. Standard Cards |
| 14.4. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Fuel Refill |
| 14.4.2. Parking |
| 14.4.3. Vehicle Service |
| 14.4.4. Toll Charge |
| 14.4.5. Others |
| 14.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. Israel |
| 14.5.3. South Africa |
| 14.5.4. Rest of MEA |
| 14.6. MEA Fuel Card Market - Opportunity Analysis Index, By Fuel Card Type, Type, Technology Type, Application, and Country, 2024-2030 |
| 14.7. MEA Fuel Card Market Dynamics - Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Fuel Card Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. Royal Dutch Shell |
| 15.2.2. ExxonMobil |
| 15.2.3. British Petrolium |
| 15.2.4. U.S. Bancorp. |
| 15.2.5. Allstar |
| 15.2.6. Arco |
| 15.2.7. Caltex |
| 15.2.8. Chevron Texaco |
| 15.2.9. Commdel |
| 15.2.10. EDC |
| 15.2.11. Certas Energy |
| 15.2.12. FastFuel |
| 15.2.13. Fleetcare Pty Ltd |
| 15.2.14. Olibya |
| 15.2.15. Puma Energy |
| 15.2.16. Engen |
| 15.2.17. First National Bank |
| 15.2.18. Fuelgenie |
| 15.2.19. Fuelman |
| 15.2.20. Shell Global |
| 15.2.21. WEX Inc. |
| 15.2.22. FLEETCOR |
| 15.2.23. Comdata |
| 15.2.24. Valero |
| 15.2.25. Esso |
| 15.2.26. Aral |
| 15.2.27. Eurowag |
| 15.2.28. Eurowag |
| 15.2.29. Others |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
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