European Fuel Card Market Report and Forecast 2024-2032

European Fuel Card Market Outlook

The European fuel card market is expected to grow at a CAGR of 4.8% during the period 2024-2032. European fuel cards are suitable for businesses making frequent trips to Europe; these cards make business easier by allowing refuelling in nearly 28 countries and thousands of stations. Fuel cards also enable payment of road toll fees, making border crossings easier.

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Market Likely to be Driven by Advantages Offered by European Fuel Cards

Fuel cards make it easier for businesses to manage travel expenses, pay toll charges throughout Europe, and submit precise accounts to HMRC. However, selection of a suitable European fuel card is important for cross-continental transport businesses. Popular cards include:

Esso Europe fuel card: The Esso Europe fuel card offers competitive fuel prices and allows individuals to pay for road tolls in 28 major European nations.

EDC fuel card: Appropriate for heavy duty businesses that transport goods throughout Europe and international travel companies that send coaches across the continent. It offers “all in one solution for European tolls”, HMRC compliant VAT recovery facility and fixed diesel prices. Due to these factors the European Diesel (EDC) fuel card is quickly becoming popular for cross-continental businesses. The rapidly-growing EDC network has over 11,000 fuelling stations across Europe, several open 24/7 and on Europe’s key transport routes, ports and border crossings. EDC fuel cards offer competitive fuel prices. The EDC TruckOne card offers unique fixed weekly diesel prices, so the individuals know in advance what they have to pay.

Diesel Card Ireland fuel card: Appropriate for businesses that trade goods between the Republic of Ireland (ROI) and Northern Ireland. It allows to buy fuel at a competitive price and comes with account management software, helping businesses manage costs.

DKV card: Provides access to a large acceptance network in the whole of Europe. Enables car, truck or mixed fleet supplied with fuels, helps settle European tolls and use several other services such as breakdown assistance, parking and vehicle washing.

Advantages of European Fuel Cards Expected to Drive Market Growth

Advantages afforded by European fuel cards are likely to boost the European fuel card market. For example, European fuel cards enable multinational companies to manage their travel expenses. These simplify refilling of vehicles across Europe, enabling businesses to stay on the road while working throughout the continent. Key benefits of European fuel card include access to fuel discounts, simplification of accounts management, easier payment of road toll fees, helps in submitting accounts to HMRC, and promotes sustainability for business.

Sustainability has emerged as a factor of major significance among customers. Fuel cards help promote sustainability by enabling businesses to go paperless (by producing electronic invoices explaining travel expenses).

Market Segmentation

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By type, the market is segmented into:

• Universal Cards
• Branded Cards
• Merchant Cards

By application, the market is divided into:

• Parking
• Fuel Refill
• Vehicle Service
• Toll Charge
• Others

By country, the market is classified into:

• United Kingdom
• Germany
• France 
• Italy
• Others

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Key Industry Players in the Market

The report presents a detailed analysis of the following key players in the European fuel card market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• BP International Limited
• European Diesel Card Ltd.
• Exxon Mobil Corporation
• FleetCor Technologies, Inc.
• Shell International B.V.
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report