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Monday, 12 April 2021
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Friday, 09 Apr 2021 04:37 pm

Mexico Fuel Card Market Trends, Business Strategies and Opportunities With Key Players Analysis 2027

Mexico fuel card market was valued at US$ 330.4 Mn in 2018, is expected to reach US$ 574.4 Mn by 2027, growing at a CAGR of 6.5% from 2019 – 2027.

By SMN Bureau
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Fuel card market operates in a highly-competitive marketplace. As leading companies in Mexico fuel card market continues to broaden their addressable market, by expanding their current product portfolio, diversifying their client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from regional as well the leading global technology and industrial companies in the world. is fragmented at higher level with major eight to ten players comprising 30% of the Mexico fuel card market share, whereas at the regional level it is highly fragmented with several local players. Rise in fleet sizes around the world is pushing the market for fuel card as it helps a fleet owner to streamline the process of tracking driver behavior and fuel consumption per vehicle.

The Mexico Fuel Card market is growing along with the Automotive and Transportation industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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Fuel cards enable enhanced tracking of fleet expenses and efficiency of the fleet by tracking real-time mileage and fuel usage by vehicles in a fleet. Fleet operators use fuel cards for costs such as truck maintenance, truck repairs, fuel, truck cleaning, and replacement vehicle rental, among others. Data captured by a fuel card include odometer reading, fuel grades, fuel product, and quantity of fuel, vehicle ID, driver ID and tax information along with transaction details such as time, location, spend amount and date support rich repowering for fleet managers. All of these enhanced data permits richer reporting, which can be used by fleet operators to identify problem zones such as fraudulent transaction by truck drivers or truck with lower fuel efficiency. Thus, fuel cards provide complete insight into vehicle operating cost and driver behavior that provides fleet managers with a complete oversight and trends required to analyze shortcomings in the fleet. Above mentioned metrics are expected to drive the adoption of fuel card by fleet operators and to contribute to the Mexico fuel card market growth.

These factors are expected to offer broad growth opportunities in the Automotive and Transportation industry and this is expected to cause the demand for Mexico Fuel Card in the market.

Business Market Insights reports focus upon client objectives, use standard research methodologies and exclusive analytical models, combined with robust business acumen, which provides precise and insightful results.

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Mexico Fuel Card Market – MARKET SEGMENTATION

Mexico Fuel Market – By Type

  • Branded Fuel Cards
  • Merchant Branded Fuel Cards
  • Universal Fuel Cards

Mexico Fuel Market- By Application

  • Fuel Refill
  • Parking
  • Vehicle Service
  • Toll Charge
  • Others

Mexico Fuel Card Market- Companies Profiles

  • BP PLC
  • Edenred SA
  • Exxon Mobil
  • FleetCor Technologies Inc.
  • LeasePlan Corporation
  • Royal Dutch Shell PLC
  • Total SA
  • US bank
  • Wex, Inc.
  • World Fuel Corporation

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Tags Mexico Fuel Card Market

SMN Bureau

Smart Market News brings you the stories of adopting innovative solutions and strategies that have been changing the world. Our insights on products, solutions, companies, and adoption of best practices help in understanding the markets better and make smarter decisions.


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