Fuel Cards In Europe, Top 5 Markets – Verdict Sector Report: MarketResearchReports.bizFebruary 2, 2016
MarketResearchReports.Biz has announced addition of new report “Fuel Cards In Europe, Top 5 Markets – Verdict Sector Report” to its database.
The combined worth of the top five European commercial fuel card markets is 68,974m. Over the next five years the proportion of fuel purchased on fuel cards will rise year on year towards 2019e, as commercial fleets turn to fuel cards to lower costs and increase fuel efficiency. The largest increase in new cards issued by 2019 will be the UK and France.
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Plan effective market entry strategies by uncovering current and future volumes and values of fuel card markets of the top five countries in Europe.
Assess whether you should increase network acceptance of your card and identify potential new merchants by uncovering the position of competitors.
Whether you are an issuer, a processor, a leasing company or a fuel retailer, make informed pitches to partners by understanding their business.
Enhance fuel sales at your service stations by identifying which fuel cards you should accept based on their market shares and network acceptance.
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Growing values: the value of fuel sold through fuel cards in the top five has been increasing year-on-year, and is forecast to grow from 63,659m in 2014e to 68,974m by 2019e. Desire for better fuel efficiency will be the main driver behind this growth as businesses look to maximize the efficiency of their fleets.
Falling volumes: fuel volumes are declining. The volume of fuel sold through fuel cards is forecast to fall from 43.0 million litres in 2014e to 42.8 million litres in 2019e. Better vehicle efficiency, alternative fuel vehicles and reductions in fleet sizes will contribute to this trend.
Local retailers will lose out to larger internationals: large international players such as BP, Shell and Esso have a strong presence in the top five, but some markets UK and France in particular have looming threats from growing supermarket retailers.
Reasons To Buy
How large are the top five European fuel card markets? What proportion of competitor sales are to small and large commercial vehicles?
How does my card’s network acceptance compare to my competitors’ and are there any other retailers I should consider partnering with in new markets?
Are any of my competitors distributing their fuel cards through leasing companies and are there any that I could potentially partner with?
As a fuel retailer, should I consider accepting more card brands at my service stations, and which ones would give me access to a large customer base?
As a vehicle leasing company, I would like to offer a fuel card product; can I do that alone or is there an existing card issuer I could partner with?
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