Portugal Fuel Cards Market Size, Share, Key Players, Fuel Cards Value and Volume, and Forecast, 2020-2024

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

The fuel card volume in Portugal was of 1,678.4 million liters in 2020. The market is projected to grow at a CAGR of more than 6% during the forecast period. Although many fleets will not use fuel cards due to the limited acceptance networks offered by card operators, heightened competition in Southern Europe will increase their demand towards 2024.

The Portugal fuel cards market report is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies, and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to 2024, key data on independent and oil company card issuers and an analysis of fuel card competition in Portugal.

Overview of the Portugal fuel cards market

Overview of the Portugal fuel cards market

For more insights on this report, download a free report sample

What are the market dynamics in the Portugal fuel cards market?

The majority of CRT vehicles in Portugal have at least one fuel card, as companies ensure their drivers have maximum service station network coverage along their varied transport routes. In 2020–2024, most new fuel cards in Portugal will be issued to small domestic fleets as they will take on new business in foreign markets.

What are the major channels in the Portugal fuel cards market?

The key channels in the Portugal fuel cards market are fleet cards and CRT cards. Fleet card volumes plummeted in 2020 due to the impact of COVID-19 but the situation will improve from Q2 2022 with the recovery of the pandemic. To reduce costs in order to remain competitive, domestic fleets in Portugal are increasingly opting for fuel cards. Furthermore, as card operators introduce lower volume limits to target this growing market segment, there will likely be an influx of small and medium-sized fleets in the fuel card market. There are high levels of competition in Portugal’s CRT card market, with many card operators offering similar services. Thus, it can be difficult to distinguish one card offering from another. It is therefore vital for fuel card operators to appeal to drivers, as well as fleet managers, in order to ensure that their card is preferred over competitors’ offerings.

Portugal fuel cards market, by channel

Portugal fuel cards market, by channel

For more channel insights, download a free report sample

Who are the major card operators in the Portugal fuel cards market?

The major card operators in the Portugal fuel cards market are Galp, Repsol, BP, and Cepsa. Galp, Repsol, and BP make up more than 89% of fuel card volumes. In 2020, Galp remained the market leader, even after its market share declined by 0.3 percentage points. Its large site acceptance network appealed to domestic and foreign CRT vehicle companies. Galp and Repsol hold significant appeal in this large CRT market thanks to their provision of services such as VAT reclaim, online management, and toll payments.

Portugal fuel cards market, by key card operator

Portugal fuel cards market, by key card operator

To know more about key card operators, download a free report sample

Market report scope

Market size (2020) 1,678.4 million liters
Growth rate CAGR of >6%
Forecast period 2020-2024
Key channel share Fleet Cards and CRT Cards
Key players Galp, Repsol, BP, and Cepsa

The Portugal fuel cards market report provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to 2024, key data on independent and oil company card issuers and an analysis of fuel card competition in Portugal.

Reasons to Buy

  • Plan effective market entry strategies by uncovering current and future volumes and values of the Portuguese fuel card market.
  • 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.
  • Plan your regional strategy by understanding the Southern European markets, Turkey, Greece, and Portugal.

Galp
Repsol
BP
Cepsa

Table of Contents

Table of Contents

Southern European Overview

Market Overview

Market Size

Market Forecast

Channel Share

Market Shares

Major Competitors

Competitor Card Analysis

Frequently asked questions

Portugal Fuel Cards Market Size, Share, Key Players, Fuel Cards Value and Volume, and Forecast, 2020-2024 standard reports
Currency USD
$2,295

Can be used by individual purchaser only

$6,885

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

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.

Sample Report

Portugal Fuel Cards Market Size, Share, Key Players, Fuel Cards Value and Volume, and Forecast, 2020-2024 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS

Related reports

View more Cards reports
Financial Services
New
Worldline - Competitor Profile
$350 | March 2024
Financial Services
New
Global Risk Report Quarterly Update - Q1 2024
$1,100 | April 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Portugal Fuel Cards Market Size, Share, Key Players, Fuel Cards Value and Volume, and Forecast, 2020-2024 in real time.

  • Access a live Portugal Fuel Cards Market Size, Share, Key Players, Fuel Cards Value and Volume, and Forecast, 2020-2024 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.