Luxembourg Fuel Cards Market Size, Share, Key Players, Competitor Card Analysis and Forecast to 2027

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How will the Luxembourg Fuel Cards Market’ report help you achieve your business goals? The report’s in-depth analysis and market insights will help you:

  • Understand the key market dynamics and growth opportunities in the Luxembourg fuel cards market.
  • Assess the competitive dynamics in the Luxembourg fuel cards market.
  • Analyze the current and future value and volume of the Luxembourg fuel card market.
  • Assess the network acceptance of your card and identify potential merchants be it an issuer, a processor, a leasing company, or a fuel retailer, and make informed business decisions.
  • Understand other Western European markets such as Slovenia, Austria, Belgium, Switzerland, Netherlands, and Ireland.

How is the ‘Luxembourg Fuel Cards Market’ report different from other reports in the market?

Businesses need to have a deeper understanding of the market dynamics to gain a competitive edge in the coming decade. Anticipate market changes and develop risk management strategies with the following data:

  • Macroeconomic landscape: Detailed analysis of current macroeconomic factors and their impact on the Luxembourg fuel cards market.
  • Market dynamics: In-depth historical and forecast data of key channels (fleet cards and CRT cards) within the Luxembourg fuel cards market.
  • Trends: Identify the market trends and their impact in the coming years.
  • Key players: Overview of market leaders including Operator Rankings in 2022 vs. 2021.
  • Competitor card analysis: Detailed analysis of fees, discounts, credit days, station acceptance partners, free services, and the target region for the various cards available in the market.

We recommend this valuable source of information to anyone involved in:

  • Issuers of Fleet Cards and Fuel Retailers
  • Fleet Leasing Companies and Other Suppliers
  • Technology Leaders and Startups
  • Business Development and Market Intelligence
  • Investment Analysts and Portfolio Managers
  • Professional Services – Investment Banks, PE/VC firms
  • M&A/Investment, Management Consultants, and Consulting Firms

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Luxembourg Fuel Cards Market Report Overview

The Luxembourg fuel cards market value was EUR2.03 billion in 2022. The market is expected to decline at a CAGR of more than 2% during the period 2023-2027 due to falling fuel prices and declining volumes of fuel sold through fuel cards However, in the forecast period, all new cars are expected to become compliant with more stringent emission targets set by the government. Therefore, there will be a positive impact on the fuel sales value as vehicles will switch to gasoline, the more expensive fuel option. Moreover, by investing in services such as washrooms and overnight parking, market players can encourage drivers to use a specific card. This will increase card volumes over the next five years.

Luxembourg Fuel Cards Market Outlook 2022-2027 (EUR Billion)

Luxembourg Fuel Cards Market Outlook 2022-2027 (EUR Billion)

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The Luxembourg fuel cards market research report provides invaluable comprehensive data insights for issuers of fleet cards, fuel retailers, fleet leasing companies, and other suppliers to the sector. The report also provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts for 2027, and key data on independent and oil company card issuers. It analyzes fuel card competition in Luxembourg.

Market Size (2022) EUR2.03 Billion
CAGR (2023-2027) <(2)%
Historical Period 2015-2022
Forecast Period 2023-2027
Key Channels ·        CRT Cards

·        Fleet Cards

Leading Fuel Card Operators ·        TOTAL

·        Shell

·        UTA

·        DKV

·        Esso

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Luxembourg Fuel Cards Market Trends

The rising demand for EVs is one of the key trends shaping the fuel card market in Luxembourg.

As EV investment rises and charging station availability increases across Western Europe in the coming years, card operators must focus on offering alternative fuel services. For instance, they should form partnerships with recharging network operators and invest in forecourt charging points.

International trade levels in Europe will increase in the forecast period, and many traditionally domestic fleets will expand their businesses into surrounding countries such as Germany and France. This trading business will encourage many fleets to turn to fuel cards to take advantage of international card acceptance and additional services to remain competitive.

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Luxembourg Fuel Cards Market Segmentation by Channels

The key channels in the Luxembourg fuel cards market are fleet cards and CRT cards. CRT card channels led the market in 2022. There are high levels of competition in the CRT card market in Luxembourg, with many card operators offering similar services. This can make it difficult to distinguish one card offering from another, which results in many CRT vehicles having multiple fuel cards. It is therefore vital for fuel card operators to appeal to drivers, as well as fleet managers, to ensure that their card is preferred over their competitors’ offerings. Card operators can ensure this by focusing on driver services such as discounted meal deals, wash facilities, and truck parking among others to differentiate and increase their CRT volumes towards 2027.

Luxembourg Fuel Cards Market Analysis by Channels, 2022 (%)

Luxembourg Fuel Cards Market Analysis by Channels, 2022 (%)

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Luxembourg Fuel Cards Market – Competitive Landscape

Some of the leading fuel card operators in the Luxembourg are:

  • TOTAL
  • Shell
  • UTA
  • DKV
  • Esso

In 2022, Shell remained the largest fuel card operator in Luxembourg, accounting for around 22% of the market. The company has significant appeal in the large CRT market thanks to its offering of services such as VAT reclaim, online management, toll payments, and international breakdown cover.

Luxembourg Fuel Cards Market Analysis by Fuel Card Operators, 2022 (%)

Luxembourg Fuel Cards Market Analysis by Fuel Card Operators, 2022 (%)

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Segments Covered in the Report

Luxembourg Fuel Cards Channels Outlook (Value, EUR Billion, 2015-2027)

  • Fleet card
  • CRT card

Key Highlights

The total number of service stations in Luxembourg grew by 7.7%, from 246 in 2021 to 265 in 2022. More than 600 new fuel cards will be issued from 2023 to 2027, resulting in a total of 50,611 cards in the market. Out of the total active cards in the market, 66.1% will be held by fleet vehicles and 33.9% by CRT vehicles. Fuel card volumes will rise by a CAGR of 2.1% from 2023-27, reaching 1.2 billion liters in 2027.

Shell
TOTAL
Esso
UTA
DKV
BP
Q8
Texaco (Go Cards)

Table of Contents

Western European Overview

Market Overview

Market Size

Market Forecast

Channel Share

Market Shares

Major Competitors

Competitor Card Analysis

Frequently asked questions

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