Fuel Cards in the UK - Industry Research Report

Full tank: In 2022-23, hikes in the price of fuel have benefitted industry demand

Over the five years through 2022-23, revenue is expected to contract at a compound annual rate of 1.6%. Revenue decline is almost exclusively the result of pandemic-induced disruption to the fuel and fuel-related products and services market. Disruptions to fuel cards have been driven by ongoing supply chain disruptions, predominately influenced by COVID-19, as the fuel card industry shows signs of recovery as the pandemic winds down.

Operators in this industry supply business customers with fuel cards. A fuel card is used by commercial drivers as a payment card at a specified network of forecourts. Instead of paying with cash or credit and or debit cards, the driver presents the fuel card to the cashier. The company is billed directly and the employee can collect a receipt as proof of purchase. This industry excludes the sale of fuel and the provision of ancillary services, such as telematics and fleet management.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.