Europe fuel card market is consolidated with the presence of key vendors constituting large market share

A fuel card refers to a reloadable prepaid card, which is used for vehicle-related transactions such as fuel filling, vehicle servicing, vehicle maintenance, and others. These cards have gained increasing popularity, owing to the benefits offered such as comprehensive reporting for the fleet of corporates that provide real-time expense track of these fleets. Moreover, adoption of Europe fuel card market has escalated over a period of time, owing to upsurge in digital transactions, increased market potential for prepaid cards industry, and rise in need for improved fuel management across Europe. Furthermore, development of the logistics & transportation industry has boosted the adoption of fuel cards for numerous applications, thereby boosting the Europe fuel card market growth.

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Fuel cards provide various benefits to fleet vendors by capturing low-level data on mileage of vehicles, the gallons of fuel filled, and the need for servicing the vehicle. Fuel card service providers have started to embed the telematics interface and robust reporting facilities as standard product offerings to improve fleet management productivity. Moreover, there are various forms in which fuel cards are available, which include branded fuel cards, universal fuel cards, and merchant cards. The merchant fuel cards are anticipated to witness the highest growth rate during the forecast period.

The major factors driving the Europe fuel card market include growing penetration of digital transactions, rising need of improved fuel management, and trending fuel card adoption in the transportation and logistics industries across Europe. However, security concerns related to fleet cards such as fuel card skimming, and fraudulent transactions are anticipated to hamper the Europe fuel card market growth. Furthermore, increased growth for prepaid cards, contactless card payments and technological innovations in fuel cards are expected to provide lucrative opportunities to the market.

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The Europe fuel card market is segmented on the basis of type, application, and region. Based on type, the market is divided into branded, universal, and merchant. Depending on application, it is categorized into fuel refill, parking, vehicle service, toll charge and others. Country wise, it is analyzed across UK, Germany, France, Italy and Rest of Europe.

The report provides the profiles of key players operating in the Europe fuel card market such as BP p.l.c, Engen Petroleum Ltd., Exxon Mobil Corporation, FirstRand Bank Limited, FleetCor Technologies, Inc., Libya Oil Holdings Ltd., Puma Energy, Royal Dutch Shell plc, U.S. Bancorp, and WEX, Inc.

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KEY BENEFITS FOR STAKEHOLDERS:
The study provides an in-depth analysis of the Europe fuel card market and current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the Europe fuel card market size is provided.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the Europe fuel card market from 2016 to 2025 is provided to determine the market potential.

KEY MARKET SEGMENTS:
BY TYPE
Branded
Universal
Merchant
BY APPLICATION
Fuel Refill
Parking
Vehicle Service
Toll Charge
Others
BY COUNTRY
The UK
Germany
France
Italy
Rest of Europe

KEY MARKET PLAYERS:
BP p.l.c.
Engen Petroleum Ltd.
Exxon Mobil Corporation
FirstRand Bank Limited
FleetCor Technologies, Inc.
Libya Oil Holdings Ltd.
Puma Energy
Royal Dutch Shell plc
U.S. Bancorp
WEX, Inc.

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