Published by FACT MR
Posted on September 22, 2021
5 min readLast updated: February 3, 2026
The fuel card market is set to grow significantly, driven by fintech innovations and increased contactless payments. Europe leads with a 30% market share.
The Sales of the fuel card market are estimated to burgeon at a CAGR of over 6.5% over the forecast period (2020-2030). Consumers are becoming more likely to accept contactless payments. New research shows that U.S. customers are becoming more interested in contactless payments, whereas more than half of current card payments in Germany are contactless compared as compared to 40% before the outbreak.
As digitization continues on an upward trend, most companies are scrambling to adapt to digital finance services. As a consequence, fuel card companies are set to seek FinTech-innovations, and establish a strong network among fleet managers across the globe. This report evaluates trends that are driving the growth of each segment on a global level and offers potential takeaways that could prove substantially useful to fuel card providers looking to enter the market.
Request a report sample to gain comprehensive market insights at
Get Customization on this Research Report for specific research solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=265
“Efficient management of the fleet by increased data collection and lesser fraudulent risks associated with it is facilitating the higher utilization of fuel cards” infers a Fact.MR analyst.
The Major Players engaged in the fuel card is moderately fragmented with major players such as FleetCor Technologies, Inc., WEX Inc., Voyager Fleet Card, Fuel Genie (Worldline IT Services Ltd.), H24 (Ingenico Group) and other players acquiring more than 15% of the overall market share. The key market players in the fuel card Industry are focusing on telematics, fraud management, and other developments to make a more profitable business. Issuers in the fuel card market are focusing on cost-effective solutions of fuel card and bringing innovations such as real time updates which can meet the changing industrial requirements.
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global fuel card market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the sports compression clothing market on the basis of type of fleet, card type, subscription type, fleet type, use case across seven major regions.
https://www.factmr.com/checkout/265
The global fuel card market is segmented on the basis of type of fleet, card type, subscription type, fleet type, end-use, and region.
Type of Fleet
Card Type
Subscription Type
Fleet Type
Use Case
Region
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in the US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have in our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
The post Booming Fintech Industry to Witness Spike in Fuel Card Sales | Report Fact.MR appeared first on The Cloud Tribune.
The article discusses the growth of the fuel card market, driven by fintech innovations and contactless payments.
Europe captured over 30% of the global fuel card market share in 2019.
Key growth drivers include fintech innovations, fraud management, and cost-effectiveness.
Explore more articles in the Research Reports category
