Fuel Card Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025
Fuel Card Market size is forecast to reach $8.23 billion by 2025 growing at a CAGR of 5.9% during 2020-2025. The growth of the fuel card market is driven by the transforming customer experience, owing to the rise in adoption of prepaid cards among the millennial population. Moreover, an increase in preference towards payment digitization and influence of the Internet of Things (IoT) will supplement the fuel cards market growth. Additionally, the benefits associated with fuel cards such as cost transparency, discounted fuel, convenience, flexibility reporting, automatic expense reporting and improved efficiency will further enhance the overall market demand for Fuel Card industry during the forecast period. Key Takeaways Europe dominates the Fleet Card or fuel card market owing to increasing acceptance of branded fuel cards at fuel refilling station across European countries. Benefits associated with fuel cards such as reward points, discounts, convenience have been attracting customer...