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Europe Fuel Card Market Size And Competitive Analysis : BP plc, Exxon Mobil Corporation, Engen Petroleum Ltd., FleetCor Technologies

04-14-2022 09:11 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Europe Fuel Card Market

Europe Fuel Card Market

According to the report published by Allied Market Research, the Europe fuel card market garnered $257.2 billion in 2017 and is expected to reach $374.5 billion by 2025, growing a CAGR of 5.0% from 2018 to 2025. The report provides a detailed analysis of the changing market trends, key drivers & opportunities, investment pockets, competitive intelligence, and estimations for the forecast period.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5040

Increase in adoption of prepaid cards, the surge in preference for digital payments, and growing demand for fuel cards in transportation & logistic industries drive the growth of the European fuel card market. Whereas, security issues regarding fuel cards restrain the growth of the market. Nevertheless, technological advancements, enhanced convenience, and growth in the prepaid & contactless card industry would create lucrative opportunities in the future.

Based on type, the universal fuel card segment contributed to nearly half of the total market revenue in 2017 and is expected to maintain its lead during the forecast period. However, the merchant segment would register the fastest CAGR of 6.4% from 2018 to 2025. The report also analyzes the branded fuel cards segment.

Access full summary at https://www.alliedmarketresearch.com/europe-fuel-card-market

Based on the application, the fuel refill application segment accounted for nearly half of the total market share in 2017 and would maintain its dominant position by 2025. On the other hand, the other applications segment would register the highest CAGR of 7.2% during the forecast period.

Based on the country, Italy is anticipated to manifest the fastest CAGR of 6.5% from 2018 to 2025. Nevertheless, the rest of the Europe region generated the highest market share in 2017, accounting for nearly one-third of the European fuel card market.

The major market players analyzed in the report include BP plc, Exxon Mobil Corporation, Engen Petroleum Ltd., FleetCor Technologies, Inc., FirstRand Bank Limited, Puma Energy, Libya Oil Holdings Ltd., U.S. Bancorp, Royal Dutch Shell plc, and WEX, Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

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