Fuel Card Market to Reach a Value of ~US$ 55 Bn by 2027

1. Create your website with WordPress.com Get started Technology Trends Zone TMR Future For Everyone Blog Contact About Omni- Channel Experience To Push Fuel Card Market Demand According to a new market report published by Transparency Market Research on the global fuel card market for the forecast period of 2019–2027, the fuel card market is expected to reach a value of ~US$ 55 Bn by 2027. Global Fuel Card Market: Overview The global fuel card market was valued at ~US$ 33 Bn in 2018, and is expected to expand at a CAGR of ~6% from 2019 to 2027. The market is expanding signi?cantly in terms of size and value. The standard card technology segment is dominating the global fuel card market. The fuel card market in Asia Paci?c is growing rapidly. Growing disposable income is driving people to opt for technologically-advanced cards to save on fuel expenses. Moreover, increasing of government initiatives in developing countries for the development of the corporate sector are driving the growth of the corporate fuel card market.   Europe is the largest regional market in the global fuel card market, accounting for ~38% share of the global fuel card market in 2018. North America has the second- largest number of fuel card users, as a result of attractive offers by key companies and supportive government initiatives toward cashless transactions. Request for a sample: https://www.transparencymarketresearch.com/sample/sample.php? ?ag=S&rep_id=32990 Fuel Card Market: Driving Factors Rising demand for cashless fuel transactions in developing economies (as it is critical for ?eets to monitor fuel purchases to control and manage fuel spending) is driving the fuel card market. Fuel cards offer good quality data on fuel purchases, which helps monitor individual vehicle and driver fuel economy, and apply operational strategies to enhance performance. Canada, Sweden, the U.K., France, and the U.S. are the top ?ve cashless economies in the world. Cashless payments help reduce fuel theft via chip and pin cards, which is driving the demand for fuel cards, globally. The ?eet management market is in?uenced by technology. The adoption of ?eet management software in data management and analytics has been growing, which is expected to signi?cantly boost the fuel card market. Rapid urbanization and industrialization in developing countries such as China, India, Mexico, South Africa, and Brazil is providing lucrative opportunities for the global fuel card market. Over the years, growth in the prepaid and contactless card industry has shaped the economies of several countries. Buy Report Now: https://www.transparencymarketresearch.com/checkout.php? rep_id=32990&ltype=S Fuel Card Market: Key Challenge Volatility in fuel prices is likely to be one of the major restraints of the fuel card market. As fuel prices are dif?cult to be projected, it is dif?cult to plan and budget for the same. Fuel prices are different across the globe; this is expected to have a huge negative impact on the growth of the fuel card market. Fuel Card Market: Competitive Landscape The fuel card market includes several players focused on the development of new products to cater to the market demand. The report includes the below-mentioned pointers of major players operating in the fuel card market: Company Overview Product Pro?ling Market Share Analysis (2018) Product Innovation Business Strategies/Recent Developments Technological Advancements  Key Mergers & Acquisitions Expansion Strategies Company Financial Major Players Covered Under the Scope Shell Group BP plc. Total fuel Card WEX Inc. Caltex Puma Energy Engen Petroleum Ltd Absa Bank Limited Standard Bank First National Bank (FNB) Latest News Publication: https://www.prnewswire.com/news-releases/period-panties- market-to-grow-at-17-2-due-to-growing-awareness-about-functional-advantages-of- period-panties–tmr-insights-301339550.html Share this:   Twitter Facebook Like Be the first to like this. Related Global Distribution System Market - Increasing Focus on Technology to Offer Seamless Booking Experience to End Users As per the latest report by Transparency Market Research, the global distribution system market is expected to reach an overall valuation worth US$14.5 bn by the July 23, 2021 In "Technology" Baby Diaper Market is expanding at a CAGR of 6.4% from 2019 to 2027 July 13, 2021 Cosmetic Skin Care Market is poised to grow at a CAGR of 3.7% during forecast period July 21, 2021 technologytrendszone July 23, 2021 Technology Previous Post GaN Substrate Market – Automation to Intensify Demand for Ef?cient Semiconductors Next Post Video Surveillance and VSaaS Market – Companies Focus on Launching New VSaaS Solutions Leave a Reply Enter your comment here... Enter your comment here... Technology Trends Zone TMR, Create a free website or blog at WordPress.com. 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