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The European fuel card market is expected to grow at a CAGR of 4.8% during the period 2022-2027. European fuel cards are suitable for businesses making frequent trips to Europe; these cards make business easier by allowing refuelling in nearly 28 countries and thousands of stations. Fuel cards also enable payment of road toll fees, making border crossings easier.
Fuel cards make it easier for businesses to manage travel expenses, pay toll charges throughout Europe, and submit precise accounts to HMRC. However, selection of a suitable European fuel card is important for cross-continental transport businesses. Popular cards include:
Esso Europe fuel card: The Esso Europe fuel card offers competitive fuel prices and allows individuals to pay for road tolls in 28 major European nations.
EDC fuel card: Appropriate for heavy duty businesses that transport goods throughout Europe and international travel companies that send coaches across the continent. It offers “all in one solution for European tolls”, HMRC compliant VAT recovery facility and fixed diesel prices. Due to these factors the European Diesel (EDC) fuel card is quickly becoming popular for cross-continental businesses. The rapidly-growing EDC network has over 11,000 fuelling stations across Europe, several open 24/7 and on Europe’s key transport routes, ports and border crossings. EDC fuel cards offer competitive fuel prices. The EDC TruckOne card offers unique fixed weekly diesel prices, so the individuals know in advance what they have to pay.
Diesel Card Ireland fuel card: Appropriate for businesses that trade goods between the Republic of Ireland (ROI) and Northern Ireland. It allows to buy fuel at a competitive price and comes with account management software, helping businesses manage costs.
DKV card: Provides access to a large acceptance network in the whole of Europe. Enables car, truck or mixed fleet supplied with fuels, helps settle European tolls and use several other services such as breakdown assistance, parking and vehicle washing.
Advantages afforded by European fuel cards are likely to boost the European fuel card market. For example, European fuel cards enable multinational companies to manage their travel expenses. These simplify refilling of vehicles across Europe, enabling businesses to stay on the road while working throughout the continent. Key benefits of European fuel card include access to fuel discounts, simplification of accounts management, easier payment of road toll fees, helps in submitting accounts to HMRC, and promotes sustainability for business.
Sustainability has emerged as a factor of major significance among customers. Fuel cards help promote sustainability by enabling businesses to go paperless (by producing electronic invoices explaining travel expenses).
By type, the market is segmented into:
By application, the market is divided into:
By country, the market is classified into:
The report presents a detailed analysis of the following key players in the European fuel card market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 European Fuel Card Market Analysis
8.1 Key Industry Highlights
8.2 European Fuel Card Historical Market (2017-2021)
8.3 European Fuel Card Market Forecast (2022-2027)
8.4 European Fuel Card Market by Type
8.4.1 Universal Cards
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.4.2 Branded Cards
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.4.3 Merchant Cards
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.5 European Fuel Card Market by Application
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.5.2 Fuel Refill
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.5.3 Vehicle Service
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.5.4 Toll Charge
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.6 Europe Fuel Card Market by Country
8.6.1 Market Share
220.127.116.11 United Kingdom
9 Regional Analysis
9.1 United Kingdom
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 BP International Limited
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.2 European Diesel Card Ltd.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.3 Exxon Mobil Corporation
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.4 FleetCor Technologies, Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.5 Shell International B.V.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12 Industry Events and Developments
List of Key Figures and Tables
1. European Fuel Card Market: Key Industry Highlights, 2017 and 2021
2. European Fuel Card Historical Market: Breakup by Type (USD Million), 2017-2021
3. European Fuel Card Market Forecast: Breakup by Type (USD Million), 2022-2027
4. European Fuel Card Historical Market: Breakup by Application (USD Million), 2017-2021
5. European Fuel Card Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Europe Fuel Card Historical Market: Breakup by Country (USD Million), 2017-2021
7. Europe Fuel Card Market Forecast: Breakup by Country (USD Million), 2022-2027
8. European Fuel Card Market Structure
The European fuel card market is projected to grow at a CAGR of 4.8% between 2022 and 2027.
The major drivers of the market include the influence of fuel cards in the transportation and logistics industries, growing prepaid and contactless card industry, rising technological innovations, rise in adoption of fuel cards for fuel refilling, and increasing government regulations for e-invoicing for fuel transactions.
Increasing demand of monitoring vehicle purchase and fuel economy and increase in preference toward payment digitization are the key industry trends propelling the market's growth.
The major regions in the industry are Germany, France, the United Kingdom, and Italy, among others.
The various types of fuel cards in the market are universal cards, branded cards, and merchant cards.
The major applications in the market are parking, fuel refill, vehicle service, and toll charge, among others.
The major players in the industry are BP International Limited, European Diesel Card Ltd., Exxon Mobil Corporation, FleetCor Technologies, Inc., and Shell International B.V., among others.
The European fuel card market was driven by the increasing demand of monitoring vehicle purchase and fuel economy in the historical period. Aided by the influence of fuel cards in the transportation and logistics industries and growing prepaid and contactless card industry, the market is expected to grow at a CAGR of 4.8% in the forecast period of 2022-2027.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The various types of fuel cards in the market are universal cards, branded cards, and merchant cards. The major applications in the market are parking, fuel refill, vehicle service, and toll charge, among others. The major regional markets for the fuel card are Germany, France, the United Kingdom, and Italy, among others. The major players in the industry are BP International Limited, European Diesel Card Ltd., Exxon Mobil Corporation, FleetCor Technologies, Inc., and Shell International B.V., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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