Mexico Fuel Card Market Growth Opportunities, Top Key Players, Industry Outlook and Forecasts 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. 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.

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. These features of fuel card are significantly driving the Mexico fuel card market.

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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.

The Mexico fuel card market is segmented into three type by their function as branded fuel card, merchant fuel card, and universal fuel card. The Mexico fuel card market by type was led by universal fuel cards. Universal card are most convenient fuel card type, the providers of these cards usually partners with several fuel companies and offer great flexibility. Certain fuel card companies merely operate in some countries or regions. While others may only be accepted at particular fuel stations. Users with less options in their region may need to be cautious regarding limiting them to just a few fuel stations.

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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