Increasing preference for digital transactions, rising adoption of prepaid cards, and technological advancements are expected to create lucrative prospects in the Europe fuel card market.
The report provides a detailed analysis of the changing market trends, key drivers & opportunities, investment pockets, competitive intelligence, and estimations for the forecast period. According to the report, the Europe fuel card market garnered $257.2 billion in 2017 and is expected to reach $374.5 billion by 2025, growing a CAGR of 5.0% from 2018 to 2025.
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Increasing adoption of prepaid cards, rising preference for digital payments, and growing demand for fuel cards in transportation & logistics industries are the key factors contributing to the growth of the industry. However, security issues regarding fuel cards would limit the growth of the market. On the other hand, technological advancements, improved convenience, and growth in prepaid & contactless card industry would create new opportunities in the future.
Europe Fuel Card Market Key Segments:
- Fuel Refill
- Vehicle Service
- Toll Charge
- The UK
- Rest of Europe
Leading market players
The major market players analyzed in the research include BP plc, Exxon Mobil Corporation, Engen Petroleum Ltd., FleetCor Technologies, Inc., FirstRand Bank Limited, Puma Energy, Libya Oil Holdings Ltd., U.S. Bancorp, Royal Dutch Shell plc, and WEX, Inc. These players have adopted various strategies including new product launches, joint ventures, partnerships, collaborations, mergers & acquisitions, and others to gain a stronghold in the industry.
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