Europe Fuel Cards Market was valued at US$ 266.46 Mn in 2020 and is expected to reach US $414.08 Mn by 2027, at a CAGR of 6.05% during a forecast period.To know about the Research Methodology :- Request Free Sample Report The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region. Europe Fuel Cards Market Overview: fuel card is a reloadable prepaid card that is used for making payment of expenses related to a vehicle, such as fuel filling, vehicle servicing, vehicle maintenance, and others. These cards offer benefits such as comprehensive reporting for the fleet of corporates that provide real-time expense track of these fleets. Implementation of fuel cards removes manual tasks such as auditing and submitting receipts while making the corporate with promotional fuel price offers. A card specifically designed for the payment at the fuel stations are known as fuel cards or fleet cards. The card looks like a credit card. The cards eliminate the manual task of submission of receipts, inspecting, and the issuance of checks. Smart chip technology is the largest development in the fuel card industry in current years. The increasing prepaid and contactless card industry and growing technological innovations in the fuel card along with the benefits and suitability offered by fuel cards are expected to boom the European fuel card market. The factors such as growing value-added services that allow fleet managers to minimize fake claims and improve fuel management are expected to boost the fuel cell market growth. Growing associations and collaborations across some of the key players, especially in the developing countries are contributing to the market expansion. Fleet operators face a huge number of problems every year, owing to fuel card skimming, fake transactions, misuse of cards, and others. In addition, fuel card duplicating has been one of the most-claimed fraud reported by fleet managers. The rising number of fuel frauds has formed concerns for businesses and acts as a major restraint for the European fuel card market. Europe Fuel Cards Market segment Analysis: The universal fuel card segment is expected to hold a significant share in the European fuel market. This growth can be attributed to the nationwide adoption of the universal fuel card. Furthermore, the merchant fuel card segment is expected to share large growth in the European fuel card market, owing to an increasing trend of adoption of merchant fuel cards. These cards are supported by partnerships between fuel merchants and fuel card providers. Fuel cards are used to prevent theft, and they help fleet managers to reduce unaccounted spending. A fuel card is retrieved using the secured pin and the driver is grateful to show his identity proof while using it. It helps the prevention of theft in employees and is expected to drive the fuel card industry during the forecast period. Europe is estimated a significant growth in the global fuel card market. This growth can be accredited to increasing usage of prepaid and contactless payments in the current years. MasterCard experienced a huge amount of growth owing to contactless payments on Maestro and MasterCard networks in Europe. Additionally, the U.K. is estimated to lead the European fuel card market owing to increasing contactless card payment. There are more than 110 million contactless cards have been issued in a recent year. With the growing trend of contactless cards across Europe, several fuel card key players are focusing to provide contactless fuel cards, which are more convenient and secure services. Contactless smart fuel card, which integrates the RFID chip and personal PIN number. This rising trend of usage of contactless fuel cards is expected to form significant opportunities for the European fuel card market during the forecast period. The key market players profiled and analyzed in the report: BP plc, Exxon Mobil Corporation, Engen Petroleum Ltd., FleetCor Technologies, Inc., FirstRand Bank Limited, Puma Energy, Libya Oil Holdings Ltd., U.S. Bancorp, Royal Dutch Shell plc, and WEX, Inc. FleetCor Technologies, Inc., Libya Oil Holdings Ltd., Puma Energy, Royal Dutch Shell plc and U.S. Bancorp, WEX, Inc., UK Fuels Limited, W.A.G. Payment Solutions, a.s, Aral, Total.
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Europe Fuel Cards Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 266.46 Mn. Forecast Period 2021 to 2027 CAGR: 6.5 % Market Size in 2027: US $ 414.08 Mn. Segments Covered: by Application • Fuel Refill • Parking • Vehicle Service • Toll Charge • Others by Type • Branded • Universal • Merchant Europe Fuel Cards Market, by Country
• Germany • U.K. • France • Italy • Spain • Rest of Europe.Key Players Operating in the Europe Fuel Cards Market
• BP plc • Exxon Mobil Corporation • Engen Petroleum Ltd. • FleetCor Technologies, Inc. • FirstRand Bank Limited • Puma Energy • Libya Oil Holdings Ltd. • U.S. Bancorp • Royal Dutch Shell plc • WEX, Inc. • FleetCor Technologies, Inc. • Libya Oil Holdings Ltd. • Puma Energy • U.S. Bancorp • WEX, Inc. • UK Fuels Limited • W.A.G. Payment Solutions, a.s • Aral • Total
Europe Fuel Cards Market
1. Preface 1.1. Research Objectives 1.2. Report Scope and Market Segmentation 2. Assumptions and Research Methodology 2.1. Assumptions 3. Executive Summary 3.1. Europe Fuel Cards Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market dynamics 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Emerging Technology 4.2.5. Opportunities 5. Market Analysis 5.1.1. Porter’s Analysis 5.1.2. Value Chain Analysis 5.1.3. Pricing Analysis 5.1.4. Market Risk analysis 6. Europe Fuel Cards Market Analysis and Forecast 6.1. Europe Fuel Cards Market Analysis and Forecast 6.2. Europe Fuel Cards Market Size & Y-o-Y Growth Analysis 6.2.1. Germany 6.2.2. U.K. 6.2.3. France 6.2.4. Italy 6.2.5. Spain 6.2.6. Rest of Europe 7. Europe Fuel Cards Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Europe Fuel Cards Market Value Share Analysis, by Type 7.3. Market Size (US$ Mn) Forecast, by Type 7.4. Europe Fuel Cards Market Analysis, by Type 7.5. Europe Fuel Cards Market Attractiveness Analysis, by Type 7.6. Key trends 7.7. Key development 8. Europe Fuel Cards Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Europe Fuel Cards Market Value Share Analysis, by Application 8.3. Market Size (US$ Mn) Forecast, by Application 8.4. Europe Fuel Cards Market Analysis, by Application 8.5. Europe Fuel Cards Market Attractiveness Analysis, by Application 9. Europe Fuel Cards Market Analysis, by Country 9.1. Europe Fuel Cards Market Value Share Analysis, by Country 9.2. Market Size (US$ Mn) Forecast, by Country 9.3. Europe Fuel Cards Market Attractiveness Analysis, by Country 10. Europe Fuel Cards Market Analysis by Material 10.1. Europe Fuel Cards Market Overview 10.2. Europe Fuel Cards Market Value Share Analysis, by Type 10.3. Europe Fuel Cards Market Forecast, by Type 10.3.1. Branded 10.3.2. Universal 10.3.3. Merchant 10.4. Europe Fuel Cards Market Value Share Analysis, by Application 10.5. Europe Fuel Cards Market Forecast, by Application 10.5.1. Fuel Refill 10.5.2. Parking 10.5.3. Vehicle Service 10.5.4. Toll Charge 10.5.5. Others 10.6. Europe Fuel Cards Market Value Share Analysis, by Country 10.7. Europe Fuel Cards Market Forecast, by Country 10.7.1. Germany 10.7.2. U.K. 10.7.3. France 10.7.4. Italy 10.7.5. Spain 10.7.6. Rest of Europe 10.8. Europe Fuel Cards Market Analysis, by Country/ Sub-Country 10.9. Germany Fuel Refill Dehumidifier Market Forecast, by Type 10.9.1. Branded 10.9.2. Universal 10.9.3. Merchant 10.10. Germany Fuel Refill Dehumidifier Market Forecast, by Application 10.10.1. Fuel Refill 10.10.2. Parking 10.10.3. Vehicle Service 10.10.4. Toll Charge 10.10.5. Others 10.11. Semiconductors U.K. Fuel Refill Dehumidifier Market Forecast, by Type 10.11.1. Branded 10.11.2. Universal 10.11.3. Merchant 10.12. U.K. Fuel Refill Dehumidifier Market Forecast, by Application 10.12.1. Fuel Refill 10.12.2. Parking 10.12.3. Vehicle Service 10.12.4. Toll Charge 10.12.5. Others 10.13. France Fuel Refill Dehumidifier Market Forecast, by Type 10.13.1. Branded 10.13.2. Universal 10.13.3. Merchant 10.14. France Fuel Refill Dehumidifier Market Forecast, by Application 10.14.1. Fuel Refill 10.14.2. Parking 10.14.3. Vehicle Service 10.14.4. Toll Charge 10.14.5. Others 10.15. Italy Fuel Refill Dehumidifier Market Forecast, by Type 10.15.1. Branded 10.15.2. Universal 10.15.3. Merchant 10.16. Italy Fuel Refill Dehumidifier Market Forecast, by Application 10.16.1. Fuel Refill 10.16.2. Parking 10.16.3. Vehicle Service 10.16.4. Toll Charge 10.16.5. Others 10.17. Spain Fuel Refill Dehumidifier Market Forecast, by Type 10.17.1. Branded 10.17.2. Universal 10.17.3. Merchant 10.18. Spain Fuel Refill Dehumidifier Market Forecast, by Application 10.18.1. Fuel Refill 10.18.2. Parking 10.18.3. Vehicle Service 10.18.4. Toll Charge 10.18.5. Others 10.19. Rest of Europe Fuel Cards Market Forecast, by Type 10.19.1. Branded 10.19.2. Universal 10.19.3. Merchant 10.20. Rest Of Europe Fuel Cards Market Forecast, by Application 10.20.1. Fuel Refill 10.20.2. Parking 10.20.3. Vehicle Service 10.20.4. Toll Charge 10.20.5. Others 10.21. Europe Fuel Cards Market Attractiveness Analysis 10.21.1. By Type 10.21.2. By Application 10.22. PEST Analysis 10.23. Key trends 10.24. Key development 11. Competitive Landscape 11.1. Market Share Analysis, by Company 11.2. Competition Matrix 11.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 11.2.2. Market Consolidation 11.2.2.1. M&A By Regions, Investment, Applications 11.2.2.2. M&A Key Players, Forward Integration Backward Integration 11.3. Company Profiles: Key Players 11.3.1. BP plc 11.3.1.1. Company Overview 11.3.1.2. Financial Overview 11.3.1.3. Business Strategy 11.3.1.4. Recent Developments 11.3.2. Exxon Mobil Corporation 11.3.3. Engen Petroleum Ltd. 11.3.4. FleetCor Technologies, Inc. 11.3.5. FirstRand Bank Limited 11.3.6. Puma Energy 11.3.7. Libya Oil Holdings Ltd. 11.3.8. U.S. Bancorp 11.3.9. Royal Dutch Shell plc 11.3.10. WEX, Inc. 11.3.11. FleetCor Technologies, Inc. 11.3.12. Libya Oil Holdings Ltd. 11.3.13. Puma Energy 11.3.14. U.S. Bancorp 11.3.15. WEX, Inc. 11.3.16. UK Fuels Limited 11.3.17. W.A.G. Payment Solutions, a.s 11.3.18. Aral 11.3.19. Total