Fuel cards in Europe, Northern markets, 2010-2020
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The Northern European commercial fuel card markets are worth €8.0bn. In recent years the proportion of fuel purchased on fuel cards has decreased as national parc levels fell as companies reduced their operations. In 2015, fuel card volumes across the Northern European markets declined 0.1% totaling just more than 5.5bn liters. Sweden is the largest fuel card market in Northern Europe and accounts for 35.8% of fuel card volume sales across the region but the popularity of fuel cards varies across the continent. Verdict predicts that growth in Northern European fuel card markets is likely to come from Finland as the commercial vehicle parc grows as the economy improves and small commercial fleets begin to use fuel cards to reduce transport costs.
Scope
Competition from Eastern European fleets will heighten towards 2020. With some of the highest fuel prices in Europe, Northern European fleets face increasing pressure from Eastern European fleets for business. As a result of this increased competition, many fleets have been forced to close, which has had a negative impact on fuel card volumes across northern markets. Fuel card operators can increase fuel volumes towards 2020 by offering services such as favorable fuel discounts, long credit periods, fraud prevention and fuel efficiency monitoring, which will help fleets to become more competitive in Europe.
Unmanned sites hold great appeal to domestic fleets. With low running costs, unmanned sites are able to offer significantly lower fuel prices than manned sites, and this has significant appeal to fleets. Card operators that can offer fuel cards with a large unmanned acceptance network will stand out from other operators and increase their card volumes towards 2020 as the fleet segment continues to grow.
Reasons to Buy
Plan effective market entry strategies by uncovering the current and future volume and value of fuel card transactions in Northern European fuel card markets.
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.
Table of Contents
Table
Figures
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.