Fuel Card Market Size

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Report ID: 6273
Published Date: Sep 17, 2025
Report Format: PDF, PPT

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Fuel Card Market Outlook:

Fuel Card Market size was over USD 457.63 billion in 2025 and is poised to exceed USD 1.32 trillion by 2035, witnessing over 11.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of fuel card is estimated at USD 503.76 billion.

The fuel card market is driven by the growing number of small to medium-sized trucking businesses (SMB) and larger fleet companies. Businesses rely on fuel cards to enable drivers and carriers to manage fuel purchases, minimize fraud, and simplify logistics. A fleet card report provides the fuel consumption and mileage for vehicles, allowing fleet managers to set limits on purchases and discourage card misuse. Furthermore, the growing usage of online payment modes for cashless fuel transactions is fostering fuel card market adoption. A May 2024 World Bank survey, estimated that between 2017 and 2020 the cashless transactions per person boosted from 91 to 135 annually, and is expected to show a significant growth rate of 76% from 2025 to 2030.

Browse key industry insights with market data tables & charts from the report:

Fuel Card Market Size, Share & Growth Forecast 2035

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of fuel card is estimated at USD 503.76 billion.

The global fuel card market size was more than USD 457.63 billion in 2025 and is anticipated to witness a CAGR of around 11.2%, crossing USD 1.32 trillion revenue by 2035.

The North America fuel card market is anticipated to capture 46% share by 2035, driven by the extensive use of commercial vehicles and fleets across the continent.

Key players in the market include FleetCor Technologies, Inc., WEX Inc., BP p.l.c., Exxon Mobil Corporation, Royal Dutch Shell plc, U.S. Bancorp (Voyager Fleet Systems), Comdata Inc., Edenred S.A., Fuelman (FleetCor), Radius Payment Solutions Limited.