Fuel Cards Market Likely to Encounter Growth with Rising Demands for Secure, Hassle Free Online Transactions

Published on : Oct 08, 2018

Albany, New York, October 8, 2018: Advances in online transactions and growing preferences for hassle free fuel management in terms of purchase and consumption are expected to leverage growth in fuel cards market. A recent research report titled, 'Global Fuel Card Market Size, Status and Forecast 2018-2025' collated in the vast repository of Market Research Hub (MRH) offers crucial business highlights on ongoing developments and their implications on fuel card market growth.

Fast transitioning consumer expectations and growing popularity of cashless transactions have encouraged substantial investments from industry veterans. In the light of complex market developments, significant up-gradation for efficient vehicle maintenance and expense management by leading marketers are expected to seal a lucrative position for core providers, enabling them to sustain stiff competition in fuel card market.

Ashok Leyland and Hindustan Petroleum Launch New Co-Branded Fuel Card in India

To tap prospective leads in fuel card market, industry veterans Ashok Leyland in collaboration with Hindustan Petroleum have recently unveiled a co-branded fuel card under the brand name, eN-Dhan aimed to offer enhanced solutions for vehicle owners, in the light of soaring fuel prices in developing economies such as India. With this novel development in place the companies intend to carve a lucrative growth curve in fuel card market.   

Elaborate research components incorporated in the report allow readers to gauge various segments in fuel card market, based on which the report categorizes type and application as chief segments. Based on type fuel card market is classified as active cards and non-active cards. Based on application fuel card market is bifurcated as taxis, buses, goods vehicles, and private cars amongst others. This section of the report empowers readers to gauge the segment associated with surged revenue generation besides allowing readers to identify the impact of segments in bolstering growth in fuel cards market.

Further, the report also entails crucial business insights on geographical scope of fuel cards market, according to which the market demonstrates Europe, China, Japan, India, United States, Southeast Asia, Central and South America as dominant regional fringes in fuel cards market. This section of the report lays insights about marketing strategies implemented by core market players across regions and their eventual impact on consumer response.

Key Players: Fuel Cards Market

Thorough research postulates incorporated in the report enable readers to gain cues about the effectiveness of marketing strategies in spearheading market growth besides allowing readers to evaluate the efficacy of segments in fostering desirable end-user response such as their buying behavior. Noted players identified in fuel cards market comprise ExxonMobil, Citibank, Maybank, American Express, and Standard Chartered amongst others.

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