Global Fuel Cards Market valued approximately USD 625 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.61% over the forecast period 2018-2025. The Fuel Cards Market is continuously growing across the world over the coming years. Fuel card or fleet cards is used for payment of gasoline, diesel, and other fuels at gas stations. Fuel cards are also used to pay for vehicle maintenance and other expenses according to the choice of the fleet owner or manager. Fuel card provides a dynamic view of operations to fleet managers and helps drivers perform cashless payment for fuels or other expenses. Increasing demand for cashless fuel transactions due to ease of use, increasing number of internet users, and the presence of huge number of value added services associated with the fuel cards are the substantial drivers of the market across the globe. Moreover, changing legal framework and increasing demand from developing countries, which are likely to creating numerous opportunity in the near future. Further, fuel cards is simple payment solution for driver of vehicles, it is very cost-effective, and it is powerful online management & reporting tool. These benefits also rising demand of Fuel Cards among its users. However, rising competition from new entrants and lack of IT infrastructure in underdeveloped regions are the factors which limiting the market growth of Fuel Cards across the world.
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Top Leading Companies mentioned are
• Standard Chartered
• American Express
This report is highly informative document with inclusion of comprehensive market data associated with the significant elements and subdivision of the “Global Fuel Cards Market” that may impact the growth scenarios of the industry. The report may commendably help trades and decision makers to address the challenges and to gain benefits from highly competitive “Global Fuel Cards Market”.
The regional analysis of Global Fuel Cards Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the region going cashless which makes fuel cards more popular. Europe is estimated to grow at higher rate in the global Fuel Cards market over the upcoming years owing to rising digitalization in new payment method in the region. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
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The “Global Fuel Cards Market” report attempts to build familiarity of the market through sharing basic information associated with the aspects such as definitions, classifications, applications and market overview, product specifications, manufacturing processes, cost structures, raw materials and more. Furthermore, it strives to analyze the crucial regional markets, including the product price, profit, capacity, production, supply, demand and market growth rate. It also discusses forecast for the same.
- Analysing the outlook of the Fuel Cards Market with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Fuel Cards Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the Fuel Cards Market.
- Fuel Cards Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 1-year analyst support, along with the data support in excel format.
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