Fuel Cards Market 2020 Global Insights and Business Scenario - FleetCor, Wex Inc., Royal Dutch Shell, BP PLC

The Fuel Cards Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Increasing fleet size coupled with rising penetration of the fuel cards across the developing regions is backing the growth in Global Fuel Cards Market. Additionally, increasing number of petrol and service stations is backing the growing fuel volume across various regions. Increased offering of value added services combined with amplifying technological advancements is fuelling growth in the fuel cards market. The European fuel cards market hold immense business opportunities for the pure-play companies like FleetCor and Wex as the traditional fuel cards players i.e. major oil companies like Royal Dutch Shell and BP are increasingly outsourcing this business. In the North American market, the pure-play companies are already dominating the fuel cards market.

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Prominent Players in the global Fuel Cards market are -

FleetCor, Wex Inc., Royal Dutch Shell, BP PLC.

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Fuel Cards Market By Type (Bearer Card, Registered Card), By Application (Oil Fees, Parking, Tolls, Car Wash, Others); By Region (North America, Europe, APAC, ROW) and By Country (USA, Canada, UK, Germany, Spain, China, Japan, South Korea).

Industry News:

ATLANTA--(BUSINESS WIRE)--Dec. 13, 2011-- FleetCor Technologies, Inc. (NYSE: FLT), a leading global provider of fuel cards and specialized payment products to businesses, today announced that it has acquired AllStar Business Solutions Limited ("AllStar") from The Arval Group ("Arval") for £194 million (approximately $304 million).

AllStar's fuel cards permit fleet operators to provide their company drivers with a payment card to fuel their vehicles securely without having the need to pay with cash or personal credit cards. At present, AllStar has approximately 40 thousand customers and about one million cardholders, a large portion of whom are small and medium sized enterprises. AllStar serves both business clients directly, and strategic partners like Arval leasing who in turn serve their customers. AllStar fuel cards are accepted by all U.K. major fuel brands, including the leading supermarket chains.
In addition, Arval and FleetCor have entered into a strategic relationship where Arval will provide fuel card payment solutions to its customers through AllStar.

July 2, 2019: WEX Inc., a leading financial technology service provider, has announced that it has completed the previously announced acquisition of the fuel card business (Go Fuel Card) of EG Group. The Go Fuel Card business is headquartered in Breda, Netherlands with approximately 200,000 proprietary cards in circulation across the Netherlands, France, Belgium and Luxembourg and operates on an independent proprietary card network and is accepted at over 5,000 retail sites.

"We are pleased to announce the sale of our fuel cards business to WEX Inc. This sale is consistent with our global strategy and more importantly, enables EG Group to focus more on our direct retail operations," said Mohsin Issa, Founder and Co-CEO, EG Group.

Scope of the Report

-Fuel Cards Market Size, Share & Forecast
-Segmental Analysis Standalone and Chained
- Chained/Organized Fuel Cards Sizing, Growth, Forecast
-Market Entry Strategies for Domestic/Foreign Players
-Policy & Regulatory Landscape
-Changing Market Trends & Emerging Opportunities
-Competitive Landscape & Strategic Recommendations

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Fuel Cards Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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