· The Europe fuel cards market for commercial fleet is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.3% in the forecast period of 2022 to 2029 and is expected to reach USD 55,551.85 million by 2029.
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Market Insights
§ A fuel card is a convenient way to pay for petrol, diesel, and other fuels at filling stations. Rather than paying with cash, credit card or cheque, the driver hands over the fuel card instead. They provide various benefits to fleet vendors by capturing low-level data on mileage of vehicles, gallons of fuel filled, and the need for servicing the vehicle. In addition, their service providers have started to embed telematics interface and robust reporting facilities as standard product offerings to improve fleet management productivity. Moreover, an increase in preference towards payment digitization and influence of the Internet of Things (IoT) is supplementing the fuel cards market growth significantly.
§ Increasing demand of monitoring vehicle purchase & fuel economy is the major driving factor in the market. Rising use of skimmers to disguise purchases to steal fuel can prove to be a challenge however availability of lucrative discounts over the fuel cards prove to be an opportunity. Higher rate of interest for the card on the fuel purchase can be a restraint for the adoption of Exterior Blinds.
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Industry Segmentation
Europe fuel cards market for commercial fleet is segmented into five notable segments which are card type, features, subscription type, utility and end-user.
- On the basis of card type, Europe fuel cards market for commercial fleet is segmented into universal fuel cards, branded cards & merchant cards. In 2022, universal fuel cards hold the highest segment as it offers flexibility, control, and convenience for all of the business purchasing needs, thereby having a tighter control if the business expenses.
- On the basis of features, Europe fuel cards market for commercial fleet is segmented into vehicle reporting, EMV compliant, tokenization, real-time updates, mobile payment & card-less transactions, & others. In 2022, mobile payment & card-less transactions holds the highest segment as it offers an extra layer of security for all business types.
- On the basis of subscription type, Europe fuel cards market for commercial fleet is segmented into registered card & bearer card. In 2022, registered card holds the highest segment as it helps the business owners to keep track for all the expenses and offers more flexibility in monitoring vehicles.
- On the basis of utility, Europe fuel cards market for commercial Fleet is segmented into vehicle parking fees, oil fee payment, fleet maintenance, toll fee payment, others. In 2022, oil fee payment holds the highest segment as the application of fuel cards are more in the petrol & gas stations and users get number of benefits like cashbacks, point rewards &
- On the basis of end-user, Europe fuel cards market for commercial fleet is segmented into delivery fleets, car rental fleets, public utility fleets, taxi cab fleets & others. In 2022, delivery fleets holds the highest segment as it helps to improve customer services with telematics interface for proper fleet management.
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The countries covered in the Europe fuel cards market for commercial fleet report are
Ø Germany, France, Italy, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and rest of Europe.
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Some of the major players operating in the Europe fuel cards market for commercial fleet are
ü Exxon Mobil Corporation, Shell, UK Fuels Limited, W.A.G. payment solutions, a.s, bp p.l.c, DKV EURO SERVICE Gmbh + Co. KG, Wex Europe Services, UTA (an Edenred company), OMV Aktiengesellschaft, and TotalEnergies among others.
Ø Chapter One: Introduction
Ø Chapter Two: Industry analysis
Ø Chapter Three: Market Overview
Ø Chapter Four: Industry segmentation
Ø Chapter Five: Industry share analysis
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=europe-fuel-cards-market
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