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