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Mexico Fuel Card Market to Receive Overwhelming Hike in Revenues by 2027

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. Mexico fuel card market 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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Impact of COVID-19 on Mexico Fuel Card Market

COVID-19 is one of the most impactful disruptions till today. It has adversely impacted the transportation and logistics sector. Corona virus has forced transportation and logistics companies to delay resuming work.  Overall, vehicle movement nationwide was suspended for almost a month due to the outbreak, but there is still a chance that lost output can be made up for later. These factors are hindering the Mexico fuel card market.  

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 Market in the market.

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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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