The global B2B Fuel Cards market is expected to develop US$ 59.2 Bn by 2031, at a compound annual increase in price (CAGR) of 5.6 % throughout the forecast period.
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"TThe Global B2b Fuel Cards Market 2021-2031 (USD Billion)")
One of the major factors driving the B2B fuel card market over the forecast period is the emergence of online merchants. Other major factor fueling the B2b market growth is rising penetration of online marketing, together with easy access to laptops, computers, tablets, smartphones as well as other portable devices.
The global B2B fuel cards market has been segmented by different types, applications and geography. Further, type segment of the B2B fuel card market is sub-segmented into Special Fuel Card and Credit Card. Likewise, application segment of the market is bifurcated into taxis, buses, goods vehicles and others. Further, market in its geographical segmentation is divided into several key regions such as, North America, Europe, Middle East & Africa, Asia-Pacific and Latin America. Geographical segmentation enables regions vendors to establish their success rates in their region plus focus over expending their business to favorable regions. Additionally, the B2B Fuel Cards market is highly competitive as well as fragmented on the basis of several factors including pricing, product portfolio and differentiation. Moreover, rising pricing strategies, product offerings plus new & innovative product launches are also contributing towards the growth of global market. Furthermore, manufacturers of the B2B Fuel Cards product across the globe are constantly focusing over refining their product quality, accompanied by ergonomics as well as durability of the material used.
The new entrants in the B2B fuel cards market are also looking for probable opportunities so that they expand their set-ups in the market. Furthermore, prominent players operating in the market are analyzed on the basis of several factors including the profile of company, product portfolio, share, value, size and revenue generation over the forecast period. Some of the key players operating in the market include PetroChina, Caltex, SPC, Total, Allstar, China Petrochemical Corp, Allstar, ExxonMobil, OiLibya, Shell, Engen Petroleum, Puma Energy, FNB Corporation and Puma Energy.
On the other hand there are certain factors that can restraint the B2B fuel card market growth over the forecast period such as increasing availability of low-priced substitute products. But these low-priced substitutes manufacturers using cheap quality raw material cannot guarantee quality that is positive for the market.
B2B Fuel Cards Market Scope:
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | US$ 59.2 Bn |
| Growth Rate | CAGR of 7.8 % during 2021-2031 |
| Segment Covered | Drivers, Product Size.Application Estimation, Vendor Competitive Landscape |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | PetroChina, Caltex, SPC, Total, Allstar, China Petrochemical Corp, Allstar, ExxonMobil, OiLibya, Shell, Engen Petroleum, Puma Energy, FNB Corporation and Puma Energy. |
Key segments of the Global B2B fuel cards market include:
- Type Segment of B2B fuel cards market
- Special Fuel Card
- Credit Card
- Application Segment of B2B fuel cards market
- Taxis
- Buses
- Goods vehicles
- Others
- Geographical Segment of B2B fuel cards market
- North America
- Europe
- Middle East & Africa
- Asia-Pacific
- Latin America
What to expect from the upcoming report on ‘Global B2B Fuel cards market’:
- Analyzes about future prospects as well as Global B2B fuel cards market trends market over the forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies.
- Supportive initiatives by government likely to influence the market dynamics.
- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
- In-depth analysis of different market segmentations including regional segmentations, application, and type.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.
Frequently Asked Questions (FAQ) :
The application of the b2b fuel cards market Taxis, Buses, Goods vehicles and other.
PetroChina, Caltex, SPC, Total, Allstar, China Petrochemical Corp, Allstar, ExxonMobil, OiLibya, Shell, Engen Petroleum, Puma Energy, FNB Corporation and Puma Energy are a few major players in b2b fuel cards market.
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