Europe Fuel Card Market to Create an Incremental Opportunity of US$ 280 Bn by 2030 end | FleetCor Technologies, Inc., WEX Inc., Voyager Fleet Card

Fuel Card Market research study provides an extensive information of important participants, such as suppliers, manufacturers, distributors, traders, consumers, investors, etc.

Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/265/fuel-card-market

Fuel Card Market study depicts an in-depth analysis on the current status of Fuel Card Market that consists of important types, and end uses.

The data type of the Fuel Card Market study contains market revenue, import, export, progress rate, consumption, etc. Further, the study focuses on the prominent and emerging regional and global trends contributing to the growth of the global Fuel Card Market over the stipulated timeframe.

The global fuel card market is presently witnessing a downturn, at a time when people around the globe are resorting to social isolation, working from home, and reducing non-discretionary spending in the midst of the outbreak.

For detailed insights on enhancing your product footprint, request for a sample here - https://www.factmr.com/connectus/sample?flag=S&rep_id=265
 
Consumers are becoming more likely to accept contactless payments. New research shows that U.S. customers are becoming more interested in contactless payments, whereas more than half of current card payments in Germany are contactless compared as compared to 40% before the outbreak.

The global fuel card market is estimated to burgeon at a CAGR of over 6.5% over the forecast period (2020-2030). As digitization continues on an upward trend, most companies are scrambling to adapt to digital finance services. As a consequence, fuel card companies are set to seek FinTech-innovations, and establish a strong network among fleet managers across the globe.

For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=265
 
This report evaluates trends that are driving growth of each segment on a global level and offers potential takeaways that could prove substantially useful to fuel card providers looking to enter the market.

Key Takeaways of Fuel Card Market

• Europe is poised to capture more than 30% share in the global fuel card market in 2019, generating an incremental opportunity of over US$ 280 Bn by the end of 2030.

For in-depth competitive analysis, buy now - https://www.factmr.com/checkout/265/S

• South Asia fuel card markets are projected to grasp more than 11% of the revenue share in 2019. Among the developing markets, East Asia fuel card market is projected to show a positive CAGR of over 8.5% during the forecast period, followed by South Asia with a CAGR of over 7.5%.
• Truck fleet operators captured remarkable market share (>65%) in 2019. The segment is prophesied to grow significantly owing to the rising digital transactions for the commercial fleet across the globe.
• Increasing demand for fuel cards is aiding fuel business due to suitable fuel management. Flourishing business across countries in South Asia and East Asia, respectively, is encouraging the presence of prominent service & card providers.

For More Insights – http://www.globenewswire.com/en/news-release/2018/11/29/1658861/0/en/Global-Fuel-Card-Market-to-Find-Oil-Fees-Increasing-Demand-due-to-Volatility-of-Fuel-Prices-predicts-Fact-MR.html

“Efficient management of the fleet by increased data collection and lesser fraudulent risks associated with it is facilitating the higher utilization of fuel cards” infers a Fact.MR analyst.

Enhancements in Fraud Management, Cost-Effectiveness to be Trump Cards for Market Expansion

The global fuel card market is moderately fragmented with major players such as FleetCor Technologies, Inc., WEX Inc., Voyager Fleet Card, Fuel Genie (Worldline IT Services Ltd.), H24 (Ingenico Group) and other players acquiring more than 15% of the overall market share.

For comprehensive insights on this market adoption, ask an analyst here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=265

The key market players in the fuel card market are focusing on telematics, fraud management, and other developments to make more profitable business. Issuers in the fuel card market are focusing on cost-effective solutions of fuel card and bringing innovations such as real time updates which can meet the changing industrial requirements.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1489/fuel-card-market-trends

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.