Fuel Cards Market by Type (Branded, Universal, and Merchant Fuel Cards), Application (Fuel Refill, Parking, Vehicle Service, Toll Charge, and Others).
PORTLAND, OR, UNITES STATES, June 2, 2023/EINPresswire.com/ — Allied Market Research (AMR) released a market report that states, ” The global fuel cards market size was valued at $672.84 billion in 2019 and is projected to reach $1,210.01 billion by 2027 growing at a CAGR of 13.9% from 2020 to 2027.”
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The report offers detailed insights into the current market trends and potential future growth areas, as well as current growth drivers, challenges, opportunities, trending market segments, consumer behavior, market performance, pricing factors, SWOT analysis, and estimation. It also presents a comprehensive analysis of all regional and major market segments. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the global fuel cards market.
In addition, the report examines various organizations operating in the sector across different regions, consolidating quantitative and qualitative information. It illustrates how competition is expected to evolve in the coming years. It focuses on the strategies and approaches adopted by the key industry players to stay competitive in the market. The study emphasizes the importance of their policies and initiatives to maintain their position within the industry.
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The global fuel cards market is segmented on the basis of type, application, and region. By type, it is bifurcated into branded, universal, and merchant fuel cards. In terms of application, it is classified into fuel refill, parking, vehicle service, toll charge, and others. Region wise, it is analyzed across North America (including the United States, Mexico, and Canada), Europe (including the UK, Spain, France, Netherlands, Italy, Russia, Germany, and the Rest of Europe), South America, Africa and the Middle East (including the UAE, Saudi Arabia, Egypt, Nigeria, and South Africa), and Asia-Pacific (including Japan, China, India, Singapore, Australia, South Korea, and the Rest of Asia-Pacific).
The key players profiled in the global fuel cards market analysis are British Petroleum, Engen, ExxonMobil, First National Bank, FleetCor, Oilibya, Puma Energy, Royal Dutch Shell, U.S. Bancorp, and Wex Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
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The report provides a detailed analysis of these key players of the global fuel cards market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Article originally published on www.einpresswire.com as Global Fuel Cards Market Analysis: Regional Trends, Opportunity Analysis, and Industry Forecast, 2020