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China Fuel Cards Markets, 2020-2023 - COVID-19 Impact Updates - ResearchAndMarkets.com

·2-min read

The "China Fuel Cards Market to 2023 - COVID-19 Impact Update" report has been added to ResearchAndMarkets.com's offering.

China Fuel Cards Market to 2023 is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to 2023 with the impact of COVID-19, key data on independent and oil company card issuers and an analysis of fuel card competition in China.

Fleet card volumes rose by 7.2%, from 36,290.5 million liters in 2018 to 38,912.2 million liters in 2019.

Scope

  • The total number of service stations in China rose by 0.6%, from 103,039 in 2018 to 103,607 in 2019.

  • More than 0.5 million new fuel cards will be issued from 2019 to 2023, resulting in a total of 6.6 million cards in the market.

  • Out of the total active cards in the market, 69.8% will be held by fleet vehicles and 31.2% CRT vehicles.

  • Fuel card volumes will rise by 4.1% from 2019 to 2023, reaching 68,460.8 million liters in 2023.

Reasons to Buy

  • Plan effective market entry strategies by uncovering current and future volumes and values of the Chinese fuel card market.

  • Assess whether you should increase network acceptance of your card and identify potential new merchants by uncovering the position of competitors.

  • Whether you are an issuer, a processor, a leasing company or a fuel retailer, make informed pitches to partners by understanding their business.

  • Enhance fuel sales at your service stations by identifying which fuel cards you should accept based on their market shares and network acceptance.

  • This data also provides Value and Volume forecasts till 2023 with COVID-19 impact.

Key Topics Covered:

  • Market Overview

  • Market Size

  • Market Forecast

  • Category Share

  • Market Share

  • Major Competitors

  • Competitor Card Analysis

Companies Mentioned

  • Sinopec

  • PetroChina

  • BP

  • Shell

For more information about this report visit https://www.researchandmarkets.com/r/74qw10

View source version on businesswire.com: https://www.businesswire.com/news/home/20210125005343/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

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