Global B2B Fuel Cards Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global B2B Fuel Cards Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

B2B Fuel Cards are used as a payment card most commonly for gasoline, diesel, and other fuels at gas stations generally made by oil and gas companies. B2B fuel cards can also be used to pay for vehicle maintenance and expenses at the discretion of the fleet owner or manager.

Market Overview:

The latest research study on the global B2B Fuel Cards market finds that the global B2B Fuel Cards market reached a value of USD 69517.07 million in 2022. It’s expected that the market will achieve USD 91143.29 million by 2028, exhibiting a CAGR of 4.62% during the forecast period.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Shell, BP and ExxonMobil with the revenue market share of 12.15%, 9.91% and 7.90% in 2017.

Royal Dutch Shell plc explores for crude oil and natural gas worldwide. The company operates through Integrated Gas, Upstream, and Downstream segments. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil. In addition, it engages in the sale of gasoline, diesel, heating oil, aviation fuel, marine fuel, liquefied natural gas (LNG) for transport, lubricants, bitumen, and sulphur; and production and sale of petrochemicals for industrial customers.

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs). This segment also engages in the ownership and management of crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as in NGLs processing business. The Downstream segment refines, manufactures, markets, transports, supplies.

Segmentation Overview:

Among different product types, Special Fuel Card segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Cars segment occupied the biggest share from 2018 to 2022.

Key Companies in the global B2B Fuel Cards market covered in Chapter 3:

Total
BP
Chevron
Radius Payment Solutions Ltd
WEX
PetroChina
ARCO
ExxonMobil
FleetCor Technologies
UTA
DKV EuropeRO SERVICE GmbH + Co. KG
Shell
China Sinopec
U.S. Bancorp

In Chapter 4 and Chapter 14.2, on the basis of types, the B2B Fuel Cards market from 2018 to 2029 is primarily split into:

Active Cards
Non-Active Cards

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the B2B Fuel Cards market from 2018 to 2029 covers:

Taxis
Buses
Goods Vehicles
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)