Press release
Australia Fuel Card Market Outlook to 2027 - Shell Australia, WEX Australia Pty Ltd., Fleetcare Pty Ltd., BP Australia Pty. Ltd., Caltex Australia Limited
Australia Fuel Card Market Worth USD 605.8 Million by 2027
The growth in Australia fuel card market is attributed to the awareness regarding benefits of digital payments among people and fleet owners. Further, the players operating in the Australia fuel card market are investing significantly to enhance the overall fuel card offerings as well as to decrease the fraud risk, minimize form filling, and enhance tracking and reporting capabilities. Also, fuel card players are leveraging online channels as well as mobile applications to deliver services, thereby offering omni-channel experience to their customers.
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Market Insights: Universal fuel cards dominating the Australia fuel card market
Alike, any other fuel card, universal fuel cards offers several value-added benefits to their customers. However, the major benefit offered by universal fuel card is the ability to save time. The card holders of universal fuel cards can refuel their vehicle from any fuel station, without spending time and energy searching to find a particular fuel retailer. For a vehicle owner its does not matter much to search for any specific brands, but for businesses with large fleet size it becomes a daily task, which may consume a lot of drivers’ time. The ability to refuel the vehicle across brands can lower fuel costs, but knowledgeable managers comprehend the significance of balancing the price per gallon against the opportunity costs related with operating a commercial vehicle.
Type Insights:
The Australia fuel card market by type was led by universal fuel cards. Universal card providers usually partners with several fuel companies and offer great flexibility. Certain fuel card companies merely operate in some countries or regions. While others may only be accepted at particular fuel stations. Users with less options in their region may need to be cautious regarding limiting them to just a few fuel stations. Further, for businesses, this could result in employees utilizing extra fuel as well as valuable time looking for a gas pump. If the concern is regarding the availability, then a universally accepted card can be the appropriate solution.
Application Insights:
The Australia fuel card market is segmented based on fuel refill, parking, vehicle service, toll charge, and others. The fuel refill segment is expected to witness a significant demand during the forecast period. Various loyalty schemes offered by fuel Card Companies helps them to strengthen customer relationships in major markets. Customers with fuel card tends to shop more often as well as spend more per visit.
Strategic Insights:
The Australia fuel card market is moderately consolidated with few major players sharing the larger pie of the market. Also, major and smaller players are trying to come up with innovative solutions and strategic partnerships as well as different business models to attract a large base of customers.
2019: Coles Group signed a deal with Viva Energy. As per the deal, Viva Energy will pay US$137 Mn to renew its fuel partnership with Coles in a new ten-year agreement, starting from March 2019.
2018: Caltex and Woolworths has extended their partnership to help consumers of Australia to save money and earn reward.
2018: BP’s fuel payment app BPme included acceptance of fuel card payments, which will help fleet managers and drivers to save time.
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Australia Fuel Card Market - By Type
• Branded Fuel cards
• Merchant Fuel cards
• Universal Fuel cards
Australia Fuel Card Market - By Application
• Fuel Refill
• Parking
• Vehicle Service
• Toll Charge
• Others
Company Profiles:
• BP Australia Pty. Ltd.
• Caltex Australia Limited
• Fleetcare Pty Ltd.
• Shell Australia
• WEX Australia Pty Ltd.
Few Points from the Table of Content:
1. INTRODUCTION
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUSTRALIA FUEL CARD MARKET LANDSCAPE
5. AUSTRALIA FUEL CARD MARKET – KEY INDUSTRY DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Increased demand for fuel management
5.1.2 Increasing adoption of digital transaction methods and loyalty offerings
5.2 KEY MARKET RESTRAINTS
5.2.1 Concerns related to security
5.3 KEY MARKET OPPORTUNITIES
5.3.1 Increasing adoption of fuel cards by SMEs
5.4 FUTURE TRENDS
5.4.1 Integration of telematics with fuel cards
5.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FUEL CARD– AUSTRALIA MARKET ANALYSIS
7. AUSTRALIA FUEL CARD MARKET REVENUE AND FORECASTS TO 2027 – TYPE
7.1 OVERVIEW
7.2 AUSTRALIA FUEL CARD MARKET BREAKDOWN, BY TYPE, 2018 & 2027
7.3 BRANDED FUEL CARDS
7.3.1 Overview
7.3.2 Branded Fuel Cards Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 MERCHANT FUEL CARDS
7.4.1 Overview
7.4.2 Merchant Fuel Cards Revenue and Forecasts to 2027 (US$ Mn)
7.5 UNIVERSAL FUEL CARDS
7.5.1 Overview
7.5.2 Universal Fuel Cards Market Revenue and Forecasts to 2027 (US$ Mn)
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8. AUSTRALIA FUEL CARD MARKET ANALYSIS – BY APPLICATION
9. KEY COMPANY PROFILES
9.1 BP AUSTRALIA PTY LTD
9.1.1 Key Facts
9.1.2 Business Description
9.1.3 Products and Services
9.1.4 Financial Overview
9.1.5 SWOT Analysis
9.1.6 Key Developments
9.2 CALTEX AUSTRALIA LIMITED
9.2.1 Key Facts
9.2.2 Business Description
9.2.3 Products and Services
9.2.4 Financial Overview
9.2.5 SWOT Analysis
9.2.6 Key Developments
9.3 FLEETCARE PTY LTD.
9.3.1 Key Facts
9.3.2 Business Description
9.3.3 Products and Services
9.3.4 Financial Overview
9.3.5 SWOT Analysis
Key Benefits of Buying this Research Study:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Australia Fuel Card Market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Australia Fuel Card Market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/
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