Press release
Fuel Cards In the UK 2016
Fuel Cards in the UK 2016 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to 2021, key data on independent and oil company card issuers and an analysis of fuel card competition in the UK.
Key Findings
Fuel card volumes across the Top five fuel card markets will rise by 11.3% between 2016 and 2021 as small domestic fleets increasingly turn to fuel cards to meet their growing needs over this period. The total number of service stations in the UK rose by 1.7% in 2015 totaling 8,754 service stations. Over 156,000 new fuel cards will be issued between 2016 and 2021, totaling to 3,309,027 cards in the market. Of those cards 82.0% will be held by fleet vehicles and 18.0% CRT vehicles. Total fleet card volumes rose by 3.8% in 2015 to total 3,686m litres continuing the upward trend started in 2013. Allstar’s market share declined by 0.8 percentage points in 2015 but continued to be the fuel card market leader accounting for 23.6% in 2015, as clients were drawn to its large card acceptance network which covers 87.7% of sites in the UK .
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Synopsis
Over 156,000 new fuel cards will be issued and the proportion of fuel cards that are active will grow annually to 78.2% in 2021
Reasons To Buy
Plan effective market entry strategies by uncovering current and future volumes and values of the UK fuel card market. Assess whether you should increase network acceptance of your card and identify potential new merchants by uncovering the position of competitors. Whether you are an issuer, a processor, a leasing company or a fuel retailer, make informed pitches to partners by understanding their business. Enhance fuel sales at your service stations by identifying which fuel cards you should accept based on their market shares and network acceptance.
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