United Kingdom (UK) Fuel Cards Market Size, Share, Key Players, Competitor Card Analysis and Forecast to 2027
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UK Fuel Cards Market Overview
The UK fuel cards market value was GBP14 billion ($16.7 billion) in 2022. The market is expected to achieve a CAGR of more than 3% during the period 2023-2027. The growth in market value can be attributed to an increase in average fuel prices at least partly caused by the conflict in Ukraine.
The United Kingdom (UK) 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 to 2027, key data on independent and oil company card issuers, and an analysis of fuel card competition in the UK.
UK Fuel Cards Market Outlook 2022-2027 (EUR Billion)
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UK Fuel Cards Market Segmentation by Channels
The key channels in the UK fuel cards market are fleet cards and CRT cards. Domestic fleets across the UK are increasingly adopting fuel cards to cut costs and remain competitive. Competition is also rife in the British CRT card market as many card operators offer similar services. This can make it difficult to distinguish one card offering from another, which leads many CRT drivers to use multiple fuel cards. It is therefore vital that fuel card operators stand out to drivers and fleet managers alike.
UK Fuel Cards Market Analysis by Channels, 2022 (%)
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UK Fuel Cards Market – Competitive Landscape
Some of the leading fuel card operators in the UK are All Star, Shell, BP, Key Fuels, Esso, UK Fuels (Fleetone), Fuel Genie, Texaco, Jet, and Eurowag. In 2022, All Star remained the market leader in the UK, with its market share unchanged from 2021. The company’s large site acceptance network appealed to domestic and foreign fleet vehicle companies. CRT vehicles account for most fuel card volumes sold in the UK. All Star and Shell have significant appeal in this large CRT market as they offer services such as VAT reclaim, online management, toll payments, and international breakdown cover.
UK Fuel Cards Market Analysis by Fuel Card Operators, 2022 (%)
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UK Fuel Cards Market Report Overview
Market Size (2022) | GBP14 billion ($16.7 billion) |
CAGR | >3% |
Historical Period | 2015-2022 |
Forecast Period | 2023-2027 |
Key Channels | Fleet Cards and CRT Cards |
Leading Fuel Card Operators | All Star, Shell, BP, Key Fuels, Esso, UK Fuels (Fleetone), Fuel Genie, Texaco, Jet, and Eurowag |
Segments Covered in the Report
UK Fuel Cards Channels Outlook (Value, GBP Billion, 2015-2027)
- Fleet card
- CRT card
Reasons to Buy
- Plan effective market entry strategies by uncovering current and future volumes and values of the UK 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 top five European markets, Germany, the UK, Spain, Italy, and France.
Shell
BP
Key Fuels
Esso
UK Fuels
Fuel Genie
Texaco
Jet
Eurowag
Table of Contents
Frequently asked questions
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What was the UK fuel cards market size in 2022?
The fuel cards market size in the UK was valued at GBP14 billion ($16.7 billion) in 2022.
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What is the market growth rate of the UK fuel cards market?
The UK fuel cards market is expected to achieve a CAGR of more than 3% during the period 2023-2027.
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What are the key channels in the UK fuel cards market?
The key channels in the UK fuel cards market are fleet cards and CRT cards.
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Which are the leading fuel card operators in the UK fuel cards market?
Some of the leading fuel card operators in the UK are All Star, Shell, BP, Key Fuels, Esso, UK Fuels (Fleetone), Fuel Genie, Texaco, Jet, and Eurowag.
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