Spain Fuel Cards Market Size and Share Research 2022 Key Dynamics, CAGR of 5.8%, Leading Companies, Business Developments and Demand Forecast 2029

Spain Fuel Cards Market is the most relevant, exclusive, and commendable Market research report formulated by focusing on definite business needs. A study about Market overview is performed by considering Market drivers, Market restraints, opportunities, and challenges. Moreover, Spain Fuel Cards Market document contains significant data, current Market trends, Market environment, technological innovation, upcoming technologies and the technical progress in the allied industry. The competitive analysis conducted in this report covers strategic profiling of key Market players, their core competencies, and competitive landscape. To gain meaningful Market insights and thrive in this competitive Market place, Spain Fuel Cards Market report plays a key role.

A high-ranking Spain Fuel Cards Market report contains Market data that provides a detailed analysis of the This industry and its impact based on applications and on different geographical regions, and systemic analysis of growth trends and future prospects. Furthermore, this Market research report presents delegate overview of the Market in following terms; identify industry trends, measure brand awareness, potency and insights and offers competitive intelligence. It covers a thorough study of current situation of the global Market along with several Market dynamics. All the data, statistics, and information are backed up by well Established analysis tools which include SWOT analysis and Porter's Five Forces analysis. The high quality Spain Fuel Cards Market research report gains customer confidence and trust.

Data Bridge Market Research analyses that the fuel cards market for commercial fleet is expected to reach the value of USD 3,432.08 million by the year 2029, at a CAGR of 5.8% during the forecast period. "Universal fuel cards" accounts for the most prominent peripheral type segment in the respective market as they offer fleets optimized fuel data management and give broad station access. Universal fuel card programs are adopted by many fleets as they offer flexibility, control, and convenience for all business purchasing needs. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Key Players Mentioned in the Spain Fuel Cards Market Research Report:

BP p.l.c. (U.K.), DKV EURO SERVICE GmbH + Co. KG (Germany), MORGAN FUELS (Ireland), W.A.G. payment solutions. a.s. (Czech Republic), WEX Europe Services (U.K.), UNION TANK Eckstein GmbH & Co KG (A Subsidiary of Edenred company) (Netherlands), Cepsa (Spain), Galp Energia (A Subsidiary of Galp) (Portugal), Repsol (Spain), IDS Europe B.V. (Netherlands), C2A (France), Andamur (Spain), AS 24 (A Subsidiary of TotalEnergies company) (France)

Read Detailed Index of full Research Study @

https://www.databridgemarketresearch.com/reports/spain-fuel-cards-market

Increasing nationwide fuel card networks for managing fuel economy

The global trend towards smart, connected technologies is infiltrating Spanish business and more specifically, the world of fleet transport. Telematics software, that focus on optimizing and converging fleet data to drive efficiency and improve decision-making are becoming more and more prevalent. This increasing use of analytics to optimize the fleet management process has led to the integration and adoption of many technologies, including telematics and fuel card systems, to collect and monitor data that proves insightful for the company's economic management.

Increase in demand for contactless fuel transactions in region

The onset of the recent pandemic and increasing pace of digitalization has led the rise in the cashless society globally. The people across the globe have moved towards adoption of digital payment methods where users simply tap their cards for making payment, thus avoiding contact.

Increasing advantages of using a fuel cards for fleet management

The advantages and option offered by the fuel cards in the trucking industry are proliferating as they become more and more popular. Traditionally, the fuel cards were for the benefit of the fleet managers as the services focused on offering control and transparency for the fleet manager. But with the acceleration on the digital mode of operation, the fuel card solutions are being designed to benefit the drivers also.

Increasing focus on use of fuel cards as the future of fleet payments

There have been dramatic changes in the payment methods adopted by the fleet managers to manage the fuel payments for their fleets travelling domestically and internationally. Futuristic upgrade leading to the rise of electric vehicles, autonomous self-driving vehicles, and even the beginnings of contactless payment technology that turns the vehicle into the payment mechanism itself has been on the rise.

Availability of discounts on fuel cards due to increasing fuel prices

The increasing pressure on the fossil fuels and the current political crisis in the Europe with Russia in war with Ukraine has made the fossil fuel situation in Europe critical. The fuel prices are on rise, affecting the cost of transportation in the region. Fuel is the second largest operating expense for most trucking companies and can account for more than 20% of the company's total costs.

Enhanced data capture for efficient fleet administration

Nowadays, the fuel card or the fleet card provides many features, which include convenient and comprehensive reporting for the fleets of corporates, providing real-time updates to the owners, and enabling them to track all the business-related activities. They also help to eliminate the manual task of submission of receipt and auditing. In some cases, it also helps to give the discounted fuel price.

Recent Developments

In May 2021, DKV MOBILITY SERVICES HOLDING GmbH + Co. KG announced the expansion of its supply network in Spain by 704 service stations of the Cepsa brand. 44 of the stations connected are suitable for trucks and located along the most important transit routes. The remaining 660 are located in urban areas. Cepsa at these station also enabled DKV customers to pay using their fuel cards for gas

In July 2021, C2A announced that the Mendy Group has been using the C2A Truck cards to supply its vehicles in Spain with fuel and also uses C2A to recover the Spanish TICPE. The Mendy Group comprises three companies: Transports Ibaremborde, Transports Etchego and Mintegui Logistique. Its director, Patrick Mendy, has imposed the use of the C2A card for cross-border, fueling and for all drivers working in Spain. The C2A card allowed the company to recover EUR 0.05 per litre on the Spanish TICPE owing to the 12% discount which C2A gets

Based on types, the Spain Fuel Cards Market Segmentations

Card Type

Universal Fuel Cards

Branded Cards

Merchant Fuel Cards

Features

Mobile Payment & Cardless Transactions

Vehicle Reporting

Real-Time Updates

EMV Compliant

Tokenization

Others

Subscription Type

Registered Card

Bearer Card

Utility

Oil Fee Payment

Toll Fee Payment

Vehicle Parking Fees

Fleet Maintenance

Others

End-User

Fleets

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