Short Description
Spain Fuel Cards Market for Commercial Fleet, By Card Type (Universal Fuel Cards, Branded Fuel Cards, Merchant Fuel Cards), Features (Mobile Payment & Cardless Transactions, Vehicle Reporting, Real-Time Updates, EMV Compliant, Tokenization, Others), Subscription Type (Registered Card, Bearer Card), Utility (Oil Fee Payment, Toll Fee Payment, Vehicle Parking Fees, Fleet Maintenance, Others), End-User (Fleets, Commercial Road Transport (CRT)), Industry Trends and Forecast to 2029
Market Definition
Fleet cards are the type of payment card that allows businesses to manage expenses associated with the vehicles they own and operate. They, also known as fuel cards, act just like charge cards and are provided by major oil and/or specialized credit companies. Businesses provide their personnel with fleet cards for fuel, vehicle repairs, and maintenance. Fleet cards have been used for a long time, and are issued by companies to employees for corporate vehicles. The majority of companies that use fleet cards work in the transport industry. Fleet cards are commonly used by trucking companies as well as those that provide delivery and ridesharing services. Fleet cards tend to be issued by a single company. This means cardholders can only use them at specific locations owned, operated, and franchised by the issuer. Businesses give these cards to their drivers and other employees who can use them instead of personal cards. This allows the card issuer to bill the company directly rather than the employee. This would save the employee time in filing expense reports to reimburse the cost at a later date.
Market Segmentation
Spain fuel cards market for commercial fleet is segmented into five notable segments which are based on card type, features, subscription type, utility, and end user.
On the basis of card type, the Spain fuel cards market for commercial fleet is segmented into universal fuel cards, branded cards and merchant fuel cards.
On the basis of features, the Spain fuel cards market for commercial fleet is segmented into vehicle reporting, EMV compliant, tokenization, real-time updates, mobile payment & card-less transactions, & others.
On the basis of subscription type, the Spain fuel cards market for commercial fleet is segmented into registered card and bearer card.
On the basis of utility, Spain fuel cards market for commercial fleet is segmented into vehicle parking fees, oil fee payment, fleet maintenance, toll fee payment, and others.
On the basis of end-user, the Spain fuel cards market for commercial fleet is segmented into commercial road transport (CRT) and fleets.
Market Players
The key market players for Spain fuel cards market for commercial fleet are listed below:
BP p.l.c.
DKV EURO SERVICE GmbH + Co. KG
MORGAN FUELS
W.A.G. payment solutions. a.s.
WEX Europe Services
UNION TANK Eckstein GmbH & Co KG (A Subsidiary of Edenred company)
Cepsa
Galp Energia (A Subsidiary of Galp)
Repsol
IDS Europe B.V.
C2A
Andamur
AS 24 (A Subsidiary of TotalEnergies company)
TABLE OF CONTENTS
1 INTRODUCTION 11
1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 OVERVIEW OF SPAIN FUEL CARDS FOR FLEET MANAGEMENT MARKET 11
1.4 CURRENCY AND PRICING 13
1.5 LIMITATIONS 13
1.6 MARKETS COVERED 13
2 MARKET SEGMENTATION 16
2.1 MARKETS COVERED 16
2.2 GEOGRAPHICAL SCOPE 17
2.3 YEARS CONSIDERED FOR THE STUDY 17
2.4 DBMR TRIPOD DATA VALIDATION MODEL 18
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 21
2.6 DBMR MARKET POSITION GRID 22
2.7 VENDOR SHARE ANALYSIS 23
2.8 END USER GRID 24
2.9 CHALLENGE MATRIX 25
2.10 MULTIVARIATE MODELING 26
2.11 CARD TYPE TIMELINE CURVE 27
2.12 SECONDARY SOURCES 28
2.13 ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 31
4.1 FLEET LEASING COMPANIES / TRENDS 32
4.2 USE CASE ANALYSIS 32
4.3 REGULATORY FRAMEWORK 32
4.3.1 PAYMENT SERVICE DIRECTIVE 32
4.4 TECHNOLOGICAL TRENDS 33
4.4.1 MOBILE & CONNECTED PAYMENTS 33
4.4.2 TELEMATICS INTERFACE 33
4.4.3 HOST CARD EMULATION 33
4.5 PRICING ANALYSIS 34
4.5.1 ANNUAL CARD CHARGE 34
4.5.2 NETWORK SERVICE FEE 34
4.5.3 REPLACEMENT CARD CHARGE 34
4.5.4 CONVENIENCE CHARGE 34
4.5.5 INVOICING 34
4.5.6 DIRECT DEBIT ADMIN 34
4.5.7 RISK-BASED FEES 34
4.6 SUPPLY CHAIN ANALYSIS 34
5 MARKET OVERVIEW 35
5.1 DRIVERS 37
5.1.1 INCREASING NATIONWIDE FUEL CARD NETWORKS FOR MANAGING FUEL ECONOMY 37
5.1.2 INCREASE IN DEMAND FOR CONTACTLESS FUEL TRANSACTIONS IN REGION 37
5.1.3 INCREASING ADVANTAGES OF USING A FUEL CARDS FOR FLEET MANAGEMENT 38
5.2 RESTRAINTS 39
5.2.1 HIGH INTEREST RATES ON FUEL CARD UNSETTLED BALANCES 39
5.2.2 FUEL CARD ACCOUNTS CAN ONLY BE SET UP FOR BUSINESSES PURPOSES 39
5.3 OPPORTUNITIES 39
5.3.1 INCREASING FOCUS ON USE OF FUEL CARDS AS THE FUTURE OF FLEET PAYMENTS 39
5.3.2 AVAILABILITY OF DISCOUNTS ON FUEL CARDS OWING TO INCREASING FUEL PRICES 40
5.3.3 ENHANCED DATA CAPTURE FOR EFFICIENT FLEET ADMINISTRATION 41
5.4 CHALLENGES 41
5.4.1 INCREASING THREAT OF FUEL CARD SKIMMERS AT THE FUEL STATION 41
5.4.2 RISK OF FUEL CARD FRAUD 42
6 ANALYSIS OF IMPACT OF COVID 19 ON THE SPAIN FUEL CARDS MARKET FOR COMMERCIAL FLEET 43
6.1 AFTERMATH OF THE SPAIN FUEL CARD MARKET FOR COMMERCIAL FLEET 43
6.2 STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE 43
6.3 IMPACT ON PRICE 44
6.4 IMPACT ON DEMAND 45
6.5 IMPACT ON SUPPLY CHAIN 45
6.6 CONCLUSION 45
7 SPAIN FUEL CARDS MARKET FOR COMMERCIAL FLEET, BY CARD TYPE 46
7.1 OVERVIEW 47
7.2 UNIVERSAL FUEL CARDS 48
7.2.1 FUEL CREDIT CARDS 49
7.2.2 OVER THE ROAD FUEL CARDS 49
7.2.3 NETWORK CARDS 49
7.3 BRANDED FUEL CARDS 49
7.4 MERCHANT FUEL CARDS 50
8 SPAIN FUEL CARDS MARKET FOR COMMERCIAL FLEET, BY FEATURES 51
8.1 OVERVIEW 52
8.2 MOBILE PAYMENT & CARDLESS TRANSACTIONS 53
8.3 VEHICLE REPORTING 53
8.4 REAL TIME UPDATES 53
8.5 EMV COMPLIANT 54
8.6 TOKENIZATION 54
8.7 OTHERS 54
9 SPAIN FUEL CARDS MARKET FOR COMMERCIAL FLEET, BY SUBSCRIPTION TYPE 56
9.1 OVERVIEW 57
9.2 REGISTERED CARD 58
9.3 BEARER CARD 58
10 SPAIN FUEL CARDS MARKET FOR COMMERCIAL FLEET, BY UTILITY 59
10.1 OVERVIEW 60
10.2 OIL FEE PAYMENT 61
10.3 TOLL FEE PAYMENT 61
10.4 VEHICLE PARKING FEES 61
10.5 FLEET MAINTENANCE 62
10.6 OTHERS 62
11 SPAIN FUEL CARDS MARKET FOR COMMERCIAL FLEET, BY END-USER 63
11.1 OVERVIEW 64
11.2 FLEETS 65
11.2.1 DELIVERY FLEETS 66
11.2.1.1 UNIVERSAL FUEL CARDS 67
11.2.1.2 BRANDED FUEL CARDS 67
11.2.1.3 MERCHANT FUEL CARDS S 67
11.2.2 TAXI CAB FLEETS 67
11.2.2.1 UNIVERSAL FUEL CARDS 68
11.2.2.2 BRANDED FUEL CARDS 68
11.2.2.3 MERCHANT FUEL CARDS 68
11.2.3 CAR RENTAL FLEETS 68
11.2.3.1 UNIVERSAL FUEL CARDS 69
11.2.3.2 BRANDED FUEL CARDS 69
11.2.3.3 MERCHANT FUEL CARDS 69
11.2.4 PUBLIC UTILITY FLEETS 69
11.2.4.1 UNIVERSAL FUEL CARDS 70
11.2.4.2 BRANDED FUEL CARDS 70
11.2.4.3 MERCHANT FUEL CARDS 70
11.2.5 OTHERS 70
11.2.5.1 UNIVERSAL FUEL CARDS 71
11.2.5.2 BRANDED FUEL CARDS 71
11.2.5.3 MERCHANT FUEL CARDS 71
11.3 COMMERCIAL ROAD TRANSPORT (CRT) 71
11.3.1 MEDIUM DUTY VEHICLES 72
11.3.1.1 UNIVERSAL FUEL CARDS 73
11.3.1.2 BRANDED FUEL CARDS 73
11.3.1.3 MERCHANT FUEL CARDS 73
11.3.2 HEAVY DUTY VEHICLES 73
11.3.2.1 UNIVERSAL FUEL CARDS 73
11.3.2.2 BRANDED FUEL CARDS 74
11.3.2.3 MERCHANT FUEL CARDS 74
12 SPAIN FUEL CARDS MARKET FOR COMMERCIAL FLEET: COMPANY LANDSCAPE 75
12.1 COMPANY SHARE ANALYSIS: SPAIN 75
13 SWOT 76
14 COMPANY PROFILES 77
14.1 REPSOL 77
14.1.1 COMPANY SNAPSHOT 77
14.1.2 REVENUE ANALYSIS 77
14.1.3 PRODUCT PORTFOLIO 78
14.1.4 RECENT DEVELOPMENTS 78
14.2 BP P.L.C. 79
14.2.1 COMPANY SNAPSHOT 79
14.2.2 REVENUE ANALYSIS 79
14.2.3 PRODUCT PORTFOLIO 80
14.2.4 RECENT DEVELOPMENTS 80
14.3 CEPSA 81
14.3.1 COMPANY SNAPSHOT 81
14.3.2 PRODUCT PORTFOLIO 81
14.3.3 RECENT DEVELOPMENTS 81
14.4 UNION TANK ECKSTEIN GMBH & CO KG (A SUBSIDIARY OF EDENRED COMPANY) 83
14.4.1 COMPANY SNAPSHOT 83
14.4.2 REVENUE ANALYSIS 83
14.4.3 PRODUCT PORTFOLIO 84
14.4.4 RECENT DEVELOPMENTS 84
14.5 W.A.G. PAYMENT SOLUTIONS, A.S. 85
14.5.1 COMPANY SNAPSHOT 85
14.5.2 REVENUE ANALYSIS 85
14.5.3 PRODUCT PORTFOLIO 86
14.5.4 RECENT DEVELOPMENTS 86
14.6 ANDAMUR 87
14.6.1 COMPANY SNAPSHOT 87
14.6.2 PRODUCT PORTFOLIO 87
14.6.3 RECENT DEVELOPMENTS 87
14.7 AS 24 (A SUBSIDIARY OF TOTALENERGIES COMPANY) 88
14.7.1 COMPANY SNAPSHOT 88
14.7.2 REVENUE ANALYSIS 88
14.7.3 PRODUCT PORTFOLIO 89
14.7.4 RECENT DEVELOPMENT 89
14.8 C2A 90
14.8.1 COMPANY SNAPSHOT 90
14.8.2 PRODUCT PORTFOLIO 90
14.8.3 RECENT DEVELOPMENTS 90
14.9 DKV MOBILITY SERVICES HOLDING GMBH + CO. KG 92
14.9.1 COMPANY SNAPSHOT 92
14.9.2 PRODUCT PORTFOLIO 92
14.9.3 RECENT DEVELOPMENTS 92
14.10 GALP ENERGIA (A SUBSIDIARY OF GALP) 94
14.10.1 COMPANY SNAPSHOT 94
14.10.2 REVENUE ANALYSIS 94
14.10.3 PRODUCT PORTFOLIO 95
14.10.4 RECENT DEVELOPMENTS 95
14.11 IDS EUROPE B.V. 96
14.11.1 COMPANY SNAPSHOT 96
14.11.2 PRODUCT PORTFOLIO 96
14.11.3 RECENT DEVELOPMENTS 96
14.12 MORGAN FUELS 97
14.12.1 COMPANY SNAPSHOT 97
14.12.2 PRODUCT PORTFOLIO 97
14.12.3 RECENT DEVELOPMENT 97
14.13 WEX EUROPE SERVICES 98
14.13.1 COMPANY SNAPSHOT 98
14.13.2 PRODUCT PORTFOLIO 98
14.13.3 RECENT DEVELOPMENTS 98
15 QUESTIONNAIRE 99
16 RELATED REPORTS 102