Press release
2020 Key Trends in European Fuel Cards: Digital Transformation Strategies
This report provides a comprehensive analysis of
o Top impacting Growth Factors
o Competitive Analysis of Leading Market Players
o Current and Future Market Trends
o Market Segmentation
o Revenue Estimation by 2025
Access Full Summary: https://www.alliedmarketresearch.com/europe-fuel-card-market
The surge in digital transactions, increase in usage of prepaid cards, rise in need for improved fuel management, and growth associated with the transportation & logistics industry are the key factors that drive the growth of the Europe fuel card market. The Europe fuel card market was valued at $257,281 million in 2017 and is projected to reach at $374,592 million by 2025, growing at a CAGR of 5.0% from 2018 to 2025. In 2017, the universal fuel card segment accounted for the highest revenue in the Europe fuel card market.
Security concerns associated with fuel cards such as fleet card skimming and fraudulent transactions hamper the Europe fuel card market growth. Based on type, the universal fuel card segment dominated the Europe market in 2017 and is expected to continue this trend during the forecast period, owing to nationwide acceptance of universal fuel cards. Furthermore, the merchant fuel card segment is expected to grow at the highest CAGR during the forecast period, due to rise in trend of merchant cards supported by the partnership of fuel merchants and fuel card providers.
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The Europe fuel card market was led by the UK in 2017 and is projected to maintain its dominance during the forecast period. However, Italy is expected to witness the highest growth, owing to an increase in adoption of cashless fuel transactions and government legislation for e-invoicing of fuel transactions.
In 2017, the Europe fuel card market was dominated by the fuel refill application segment and is expected to maintain this trend during the forecast period. However, the other services segment is expected to witness the highest growth, owing to a rise in the adoption of fuel cards to address other value-added needs such as purchasing of vehicles spare parts and accessories.
Key market players profiled in the report:
o BP Plc.
o Engen Petroleum Ltd.
o Exxon Mobil Corporation
o FirstRand Bank Limited
o FleetCor Technologies Inc.
o Libya Oil Holdings Ltd.
o Puma Energy
o Royal Dutch Shell plc
o U.S. Bancorp
o WEX Inc.
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Key questions answered in Europe Fuel Card Market research study:-
o What is the market growth rate of Europe Fuel Card Market from 2019-2026?
o What will be the global market size of the market from 2019 to 2026?
o Who are the leading global players in the Europe Fuel Card Market?
o What are the current trends and predicted trends?
o What are the challenges faced in the Europe Fuel Card Market?
o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
o Which will be the anticipated growth rates for your own Europe Fuel Card Market economy altogether and also for every segment inside?
o Which will be the Europe Fuel Card Market application and types and forecast accompanied closely by producers?
o What are the conclusions of the Europe Fuel Card Market report?
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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