According to the report published by Allied Market Research, 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. The report provides a detailed analysis of the changing market trends, key drivers & opportunities, investment pockets, competitive intelligence, and estimations for the forecast period.

Increase in adoption of prepaid cards, the surge in preference for digital payments, and growing demand for fuel cards in transportation & logistic industries drive the growth of the European fuel card market. Whereas, security issues regarding fuel cards restrain the growth of the market. Nevertheless, technological advancements, enhanced convenience, and growth in the prepaid & contactless card industry would create lucrative opportunities in the future.

Based on type, the universal fuel card segment contributed to nearly half of the total market revenue in 2017 and is expected to maintain its lead during the forecast period. However, the merchant segment would register the fastest CAGR of 6.4% from 2018 to 2025. The report also analyzes the branded fuel cards segment.

Based on the application, the fuel refill application segment accounted for nearly half of the total market share in 2017 and would maintain its dominant position by 2025. On the other hand, the other applications segment would register the highest CAGR of 7.2% during the forecast period.

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Based on the country, Italy is anticipated to manifest the fastest CAGR of 6.5% from 2018 to 2025. Nevertheless, the rest of the Europe region generated the highest market share in 2017, accounting for nearly one-third of the European fuel card market.

The major market players analyzed in the report 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.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.


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