Recently published report on fuel card Market by Orbis Research includes market overview, detailed literature on products, services and overall industry scenario by 2027. The key categories covered in the market segmentation are region, applications and key players: ExxonMobil, Shell, SPC, Caltex, DBS, UOB, OCBC, Citibank, Standard Chartered, ANZ, HSBC, POSB, American Express, Maybank

Dallas, May 26, 2021 (GLOBE NEWSWIRE) -- Fuel cards are improved payment means to augment hassle-free digital payments in the fuel industry. It is categorically used for payment on various fuel transactions encompassing gasoline and diesel across gas outlets.  Ongoing hype in the digital payment landscape is touted to reckon heavy returns in fuel card market in foreseeable future, a new report by Orbis Research claims.

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Besides favorable adoption rates amongst developed economies population, the trend is catching substantial pomp even across emerging economies where digitization transformations are underway. . Additionally, with pronounced needs for fuel, on the back of mounting population, global adoption of modern payment system such as fuel cards is spectacular.  These events are likely to bode well with substantial growth in fuel cards market.

Fuel Card used by Moving Services, Packing Services, Postal and Courier Services, Logistics Services, Taxi Booking and Support Services, Freight Transport and Private Cars. Report data showed that 56.29% of the Fuel Card market demand in Private Cars, 10.49% in Freight Transport, and 8.27% in Taxi Booking and Support Services in 2015.

There are two kinds’ productions constituting the Fuel Card, which are Active Cards and Non-Active Cards. Active Cards is important in the Fuel Card, with a Cumulative Sales market share nearly 71.01% in 2015.

Briefly speaking, in the next few years, Fuel Card industry will still be a relative steady industry. Sales of Fuel Card have brought a lot of opportunities, there will more companies enter into this industry.

Market Analysis and Insights: Global Fuel Card Market

The global Fuel Card market size is projected to reach US$ XX million by 2026, from US$ XX million in 2019, at a CAGR of XX% during 2021-2026.

Need for Real Time Transaction Data Prompts Favors Fuel Card Adoption

Prompt government initiatives underway are likely to simplify digital transactions and back fuel card ownership in developing countries, despite affinity towards cash. Minimal transaction time is one of the major advantages of fuel cards. Fuel behemoths are partnering with tech honchos to revolutionize payment gateways, thus mimicking growth in fuel cards market. Besides point of sale devices, QR code scans are the next big thing in fuel card space.

Oil marketing veterans and retail outlets are equipped with state-of-the art facilities such as e-wallet options to leverage prompt digital transactions across gas stations. Additionally, sensitization programs to generate awareness on digital payment and fuel cards further ensure rapid adoption. These ongoing developments in digital transformation are touted to favor mass scale adoption of fuel cards across developing countries.

Government digitization trends offer optimal opportunities for the fuel industry across emerging economies such as India. Emerging economies such as India is soon embarking on modernizing industrial pillars that decide its economic outlook. Oil and gas industry plays a magnanimous role in shaping its economy, backed by strong consumer demands. Discounts such as cash backs are instantaneously offered to consumers in their bank accounts on every purchase. This is fortifying fuel card market across emerging countries which are also vouching for digital economy.

The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Fuel Card market.

Fuel Card Breakdown Data by Type

Active Cards

Non-Active Cards

Fuel Card Breakdown Data by Application

Taxis

Buses

Goods Vehicles

Private Car

Others

Based on regional and country-level analysis, the Fuel Card market has been segmented as follows:

North America

United States

Canada

Europe

Germany

France

U.K.

Italy

Russia

Nordic

Rest of Europe

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Rest of Asia-Pacific

Latin America

Mexico

Brazil

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of Middle East & Africa

In the competitive analysis section of the report, leading as well as prominent players of the global Fuel Card market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2016-2021.

The following players are covered in this report:

ExxonMobil

Shell

SPC

Caltex

DBS

UOB

OCBC

Citibank

Standard Chartered

ANZ

HSBC

POSB

American Express

Maybank

Grab your copy with TOC here @ https://www.orbisresearch.com/reports/index/global-fuel-card-market-size-status-and-forecast-2021-2027

Table of Contents:

Chapter One: Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Fuel Card Market Size Growth Rate by Type: 2016 VS 202Chapter One: VS 2027

1.2.2 Active Cards

1.2.3 Non-Active Cards

1.3 Market by Application

1.3.1 Global Fuel Card Market Share by Application: 2016 VS 202Chapter One: VS 2027

1.3.2 Taxis

1.3.3 Buses

1.3.4 Goods Vehicles

1.3.5 Private Car

1.3.6 Others

1.4 Study Objectives

1.5 Years Considered

Chapter Two: Global Growth Trends

2.1 Global Fuel Card Market Perspective (2016-2027)

2.2 Fuel Card Growth Trends by Regions

2.2.1 Fuel Card Market Size by Regions: 2016 VS 202Chapter One: VS 2027

2.2.2 Fuel Card Historic Market Share by Regions (2016-2021)

2.2.3 Fuel Card Forecasted Market Size by Regions (2022-2027)

2.3 Fuel Card Industry Dynamic

2.3.1 Fuel Card Market Trends

2.3.2 Fuel Card Market Drivers

2.3.3 Fuel Card Market Challenges

2.3.4 Fuel Card Market Restraints

Chapter Three: Competition Landscape by Key Players

Chapter Four: Fuel Card Breakdown Data by Type

Chapter Five: Fuel Card Breakdown Data by Application

Chapter Six: North America

Chapter Seven: Europe

Chapter Eight: Asia-Pacific

Chapter Nine: Latin America

Chapter Ten: Middle East & Africa

Chapter Eleven: Key Players Profiles

11.1 ExxonMobil

11.2 Shell

11.3 SPC

11.4 Caltex

11.5 DBS

11.6 UOB

11.7 OCBC

11.8 Citibank

11.9 Standard Chartered

11.10 ANZ

11.11 HSBC

11.12 POSB

11.13 American Express

11.14 Maybank

Chapter Twelve: Analyst's Viewpoints/Conclusions

Chapter Thirteen: Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

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