PRESS RELEASE
Posted on April 24, 2023
Expert Market Research’s “Europe Fuel Card Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028” provides a comprehensive view of the Europe Fuel Card market, assessing the market based on its segments such as type, application, and major countries.
Highlights of the report include:
Market Overview (2018-2028)
• CAGR forecast (2023-2028): 4.8%
Fuel cards are widely used by transport companies as they help companies simplify the process of controlling their fuel budget and reduce the risk of fraud that can otherwise have a massive impact on their finances .
The European fuel retail market is changing rapidly driven by a diversification of fuel types and services provided at stations. Fuel cards are being developed to adapt and meet evolving customer needs, covering sales of electricity and alternative fuels and providing a seamless digital experience to customers, which is helping the market grow European fuel cards.
Get a free sample report with the table of [email protected] https://www.expertmarketresearch.com/reports/european-fuel-card-market/requestsample
As Europeans’ inclination towards cashless transactions and cash flow optimization increases, the fuel retail sector is witnessing an increase in fuel sales authorized with fuel cards, supporting the growth of European fuel card market. Fuel cards offer numerous benefits to public authorities for tax collection and fraud suppression. For customers, fuel cards and related loyalty programs provide access to points and discounts, which offer financial savings. In addition, they do not involve currency conversions, as all transactions related to mobility in Europe are paid in a single currency.
Segmentation of the European fuel card market
Fuel cards are transaction authorization cards, which can be prepaid or postpaid, and are used for the sale and purchase of goods and services related to road mobility, such as refueling, service of vehicles, parking, toll collection and maintenance. These cards can be used to buy traditional fuels, alternative fuels and electricity for electric vehicles.
Based on type, the market is divided into:
• Universal cards
• Brand cards
• Merchant cards
Based on application, the market is segmented into:
• Car park
• Refueling
• Vehicle Service
• Toll fee
• Others
The market, by country, is classified into:
• United Kingdom
• Germany
• France
• Italy
• Others
Trends in the European fuel card market
The European fuel card market comprises a balanced mix of large and small companies, mainly family businesses operating in the fuel card sector. Fuel Cards provide fleet owners with reports that help them monitor and track all mobility-related expenses. Fuel card issuers offer customers digital solutions that help them optimize their fleet management. For example, by using smart telematics and digital platforms, consumers can plan more efficient routes by eliminating empty journeys and reducing emissions. In addition, because the cards can only be used to purchase a limited number of goods and services, such as fuel and lubricants, the risk of payment fraud is limited and companies can safely manage their transport costs.
Fuel cards have a special status under the EU Payment Services Directive and can only be used in the service station network where the card issuer has a partnership. Banking organizations have integrated advanced technology in the development of fuel cards that have the potential to transform the European fuel card market. For example, in December 2020, Citi, a leading global bank, launched the Citi Fleet Card, which makes use of innovative contactless technology combined with a mobile application, The Miles Consultancy. The card was made available in 24 countries in Europe, allowing seamless tracking of mileage, receipts and reports.
Read the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/european-fuel-card-market
Key market players
Major players in the European fuel card market are BP International Limited, European Diesel Card Ltd., Exxon Mobil Corporation, FleetCor Technologies, Inc. and Shell International BV, among others. The report covers market shares, capacities, plant changes, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest market updates along with their impact on the entire market. It also analyzes market demand, along with its price and demand indicators. The report also tracks the market based on SWOT models and Porter’s five forces.
Read also:
5G technology market: https://www.gettoplists.com/5g-technology-market-size-and-share-outlook-2023-2028-industry-growth-analysis-sales-revenue-cagr-status-future-demand-and-developments/
Abrasives market: https://busypersons.com/abrasives-market-size-and-share-outlook-2023-2028-industry-growth-analysis-sales-revenue-cagr-status-future-demand-and-developments/
Acne Drug Market: https://mediatimenews.com/acne-medication-market-size/
Aerosol Paints Market: https://mybuzzworthy.com/aerosol-paints-market-business-opportunities-size-share-scope-forecast-to-2028/
Interior market of the airplane cabin: https://likefm.org/blog/aircraft-cabin-interior-market-size-key-facts-dynamics-segments-and-forecast-predictions-2023-2028
About us:
Market Research Expert (EMR) is a leading market research company with clients worldwide. Through comprehensive data collection and skillful data analysis and interpretation, the company provides its clients with broad, up-to-date and actionable market intelligence that enables them to make informed and intelligent decisions and strengthen their market position The clientele ranges from Fortune 1000 companies to small and medium enterprises.
EMR customizes syndicated reports according to customer requirements and expectations. The company is active in more than 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture and pharmaceuticals, among others.
More than 3000 EMR consultants and over 100 analysts work hard to ensure clients receive only the most up-to-date, relevant, accurate and actionable industry intelligence so they can formulate informed, effective and intelligent business strategies and secure their market leadership.
Contact with the media:
Company Name: Claight Corporation
Contact: James Rowan, Business Consultant
E-mail: [email protected]
Toll Free Number: USA +1-415-325-5166 | United Kingdom +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
