Small fleets turn to fuel cards to remain competitive
Over the last five years the numbers of fleet vehicles in the top five European markets (France, Germany, Italy, Spain and the UK) have been slowly growing as card eligibility levels are reduced and the fleet sector faces increasing competition from foreign companies. This trend will continue to grow as fuel prices begin to rise towards 2020, forcing fleets to use fuel cards to lower transport costs and remain competitive.
With the majority of CRT vehicles already using fuel cards, new fleet vehicles will provide some of the only legitimate growth in the fuel card market across Europe, as an additional 463,701 fleet cards will be issued between 2015 and 2020.
Traditionally, small domestic fleet vehicles have not been eligible for fuel cards, but by launching a card aimed at domestic fleets with lower minimum volume requirements, card operators will remain competitive within this new market segment. A large network, favourable discounts and credit period, and cost monitoring services will appeal strongly to smaller fleets over the next five years. If card operators begin to provide these services now, they will see their market shares boosted by this growing market segment toward 2020.
“Fuel cards in Europe, Top 5 markets, 2010-2020e; France, Germany, Italy, Spain and UK”, a Sector Report by Verdict Retail, provides an executive-level overview of the European top 5 fuel card markets today, with forecasts of values and volumes up to 2020. It delivers deep quantitative and qualitative insight into the fuel card market, analyzing key trends in the market based on in depth interviews with major fuel card operators across Europe and proprietary data from Verdict Retail’s service station retail databases.
Price: $6,900 (Single User License)
Published: March – 2016
Publisher: Verdict Retail
Report Format: electronic pdf