Fuel Cards Market Report 2026

The fuel cards market size has grown rapidly in recent years. It will grow from $978.26 billion in 2025 to $1.08 trillion in 2026 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to fleet fuel cost monitoring needs, growth in commercial vehicle fleets, adoption of cashless payments, rising fuel price volatility, early fleet digitization initiatives.

The fuel cards market size is expected to see rapid growth in the next few years. It will grow to $1.66 trillion in 2030 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to expansion of corporate fleets, demand for real time fuel analytics, growth of smart card adoption, integration with EV charging payments, increased focus on cost transparency. Major trends in the forecast period include digital fuel payment solutions, enhanced expense tracking tools, integration with fleet management systems, fraud detection and spending controls, multi service payment capabilities.

The expanding logistics sector is expected to drive the growth of the fuel card market in the coming years. The logistics sector involves the collection, manufacturing, and delivery of materials and goods in the right quantity and at the right location. Fuel cards help operators manage finances efficiently, track driver spending, and monitor fueling behavior. For example, in June 2023, the Council of Supply Chain Management Professionals (CSCMP), a US-based organization for logistics and supply chain management, reported that total corporate logistics expenses in the US reached a record $2.3 trillion in 2023, up from $1.85 trillion in 2022, representing 9.1% of the country’s GDP - the highest proportion ever. Therefore, the growth of the logistics sector is boosting the fuel card market.

Leading companies in the fuel card market are directing their focus toward developing innovative solutions, such as digital fuel technology applications. Digital Fuel Technology applications encompass a variety of digital solutions and technologies designed to optimize and streamline various aspects of fuel management and consumption. For instance, in April 2023, Transflo, a US-based software company, and Comdata, Inc., a US-based global leader in commercial payment solutions, unveiled the ‘Transflo Wallet’. This cardless fuel payment solution is based on a mobile app, enabling freight brokers to digitally send fuel to drivers and carriers. By leveraging Transflo's advanced mobile app technology along with Comdata's exclusive virtual card capabilities, the solution offers the most secure and user-friendly fuel payment experience in the industry.

In October 2023, DKV Mobility, a Germany-based company specializing in on-the-road payment solutions, acquired Road Solution PRO S.L. for an undisclosed amount. This strategic acquisition aims to strengthen DKV Mobility’s market presence and customer base in Spain. Additionally, it will support Road Solution PRO S.L.’s growth strategy and aid in the development and expansion of Andamur’s Service Area business line. Road Solution PRO S.L. is a Spanish provider of fuel cards.

Major companies operating in the fuel cards market report include Exxon Mobil Corporation, TotalEnergies SE, Chevron Corporation, BP plc, Valero Energy Corporation, Repsol S.A., Suncor Energy Inc., Shell plc, U.S. Bancorp, Libya Oil Holdings Ltd., Puma Energy Holdings Pte Ltd., FirstRand Limited, Absa Bank Limited, Fleetcor Technologies Inc., Comdata Inc., WEX Inc., First National Bank, Fuel Genie Systems, CSI Voyager Fleet, W. A. G. Payment Solutions plc, Singapore Petroleum Company Limited, Wilhelm Hoyer GmbH & Co. KG, Edenred Essentials, Engen Petroleum Ltd., Fuelman Inc.

Europe was the largest region in the fuel card market in 2025. The regions covered in the fuel cards market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fuel cards market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The fuel card market consists of revenues earned by entities providing services such as fuel purchases, fuel expense tracking, fuel discounts, and customizable purchasing controls. The market value includes the value of related goods sold by the service provider or included within the service offering. The fuel card market also includes sales of fuel credit cards, major oil and gas cards, card lock network cards, and over-the-road fuel cards (OTR cards), which are used in providing fuel card services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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