Fuel Cards Market by Product Type, Distribution Channel, End User 2023-2028

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Global Fuel Cards Market Research and Forecast
Report 2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Fuel Cards Market Research Report The
latest report by IMARC, titled Fuel Cards
Market Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2023-2028 " the
global fuel cards market reached a value of US
732.8 Billion in 2022. Fuel cards, or fleet
cards, represent an alternative payment method
that enables drivers and passengers to track,
manage, and budget vehicle-associated services.
The user can swipe cards to pay the bill instead
of relying on personal cash and debit monetary
transactions. Fuel cards are used to provide
access to multiple cards, organize reporting
systems, and help in downloading statements or
reports and reimbursements by mitigating
administrative hassle. This, in turn, assists
fuel vendors in capturing low-level data on the
mileage of automobiles, determining vehicle
services and fuel filling in gallons, and
enhancing fleet management productivity.
Additionally, fuel cards are embedded with a
telematics interface and anti-fraud detection
solutions with individual numbers to ensure
optimal security. Request Free Sample Report
https//www.imarcgroup.com/fuel-cards-market/reque
stsample
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Report Description and Highlights
Report Description

Global Fuel Cards Market Trends The global fuel
card market is primarily driven by the increasing
need for enhanced fleet and fuel management
services and the widespread adoption of secured
digital payment methods for online monetary
transactions. This can be further attributed to
the growing concerns amongst users to secure
unwanted expenditures by fleet administration,
which, in turn, is facilitating the extensive
utilization of fuel cards to access real-time
actionable insights to prevent unauthorized and
non-fuel purchases. Additionally, the advent of
smart cards or mobile payment applications and
their large-scale integration with the Internet
of Things (IoT), embedded chips, quick response
(QR) codes, and near-field communication (NFC) to
optimize payment methods is acting as another
growth-inducing factor. In line with this, the
favorable initiatives being undertaken by
governments to promote the uptake of fuel cards
for meeting the cashless economy objective and
ensuring contactless payment, especially during
the COVID-19 pandemic, are supplementing the
product demand. Other factors, such as the
implementation of various fuel card programs to
offer discounted prices and vouchers within the
chain for reducing fuel prices and strategic
collaborations amongst key players to enhance
product efficacy by developing customizable
solutions, are positively stimulating the market
growth. On account of the aforementioned factors,
the market is anticipated to reach a value of US
1,424.9 Billion by 2028, growing at a CAGR of
11.5 during 2023-2028. Looking forward, the
market value is projected to reach a strong
growth during the forecast period (2023-2028).
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Report Description and Highlights
Report Description
Market Summary Breakup by Type Brand
ed Universal Merchant Breakup
by Technology Smart Cards St
andard Cards Breakup by Application Fu
el Refill Parking Vehicle Serv
ices Toll Charges Others Brea
kup by End User

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Report Description and Highlights
Report Description
Individual Corporate Breakup
by Region North America
United States Canada
Asia-Pacific China
Japan India
South Korea Australia
Indonesia Others
Europe Germany
France United Kingdom
Italy

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Report Description and Highlights
Report Description
Spain Russia
Others Latin America
Brazil Mexico
Others Middle East and A
frica

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• Absa Group Limited BP p.l.c.
• Chevron Corporation Engen Petroleum Ltd. Exxon Mob
  il Corporation FirstRand Limited FleetCor Technolo
  gies Inc. Puma Energy (Trafigura Group Pte. Ltd.)
  Shell plc TotalEnergies SE U.S. Bancorp WEX Inc.
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/fuel-cards-market

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

2019 IMARC All Rights Reserved This
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otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
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Market Analysis Research and Consulting
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