India Fuel Cards Market Size, Share, Key Players, Competitor Card Analysis and Forecast to 2027

India Fuel Cards Market Size, Share, Key Players, Competitor Card Analysis and Forecast to 2027

Summary

Fuel Cards in India 2022 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to 2027, key data on independent and oil company card issuers and an analysis of fuel card competition in India.

Fleet card volumes increased by 16.4% between 2021 and 2022, from 7.5 billion liters to 8.7 billion liters.

Scope

• The total number of service stations in India increased by 5.9%, from 78,607 in 2021 to 83,222 in 2022. Around 2.8 million new fuel cards will be issued during 2023-27, resulting in a total of 16.1 million cards in the market. Out of the total active cards in the market, 50.7% will be held by fleet vehicles and 49.3% by CRT vehicles. Fuel card volumes will rise by a CAGR of 5.1% from 2023 to 2027, reaching 40.5 billion liters in 2027.

Reasons to Buy

• Plan effective market entry strategies by uncovering current and future volumes and values of the Indian fuel card market. 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.