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Report
Global Travel Card Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 189 Pages I EMR Inc.
Global Travel Card Market and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the travel card market size is projected to grow at a CAGR of 6.50% between 2024 and 2032. Aided by the increasing demand for convenient payment solutions and the growing adoption of travel cards for international travel, the market is expected to significantly grow by 2032.
Travel cards, including prepaid travel cards, credit cards, and debit cards designed specifically for travel purposes, provide a convenient and secure method of carrying and using money while travelling abroad. These cards offer benefits such as favourable exchange rates, reduced foreign transaction fees, and enhanced security features, making them an attractive option for international travellers.
The increasing number of international travellers is a primary driver of the travel card market growth. As globalisation continues to grow and the middle class expands in emerging economies, more people are travelling abroad for leisure, business, and education. This trend is fuelling the demand for travel cards, which provide a safe and efficient way to manage finances while travelling.
Additionally, the rising awareness about the benefits of travel cards, such as ease of use, security, and cost savings, is propelling the travel card market expansion. Travel cards offer a convenient alternative to carrying cash and provide protection against currency fluctuations, making them a preferred choice for travellers. The growing popularity of contactless payments and digital wallets is further boosting the demand for travel cards.
The expanding applications of travel cards in various sectors also play a significant role in shaping the travel card market dynamics. In the corporate sector, travel cards are used to manage employee travel expenses, providing companies with better control and visibility over their travel spending. The education sector utilises travel cards for students studying abroad, offering them a secure and convenient way to access funds.
Technological advancements and the integration of digital solutions in travel cards are contributing to the travel card market development. The use of advanced security features such as EMV chips, biometric authentication, and real-time transaction alerts enhances the security of travel cards and protects against fraud. The adoption of mobile apps and online platforms for managing travel cards provides users with greater convenience and control over their finances.
Prepaid travel cards are the most commonly used type, providing a convenient and secure way to carry money while travelling. These cards can be loaded with a specific amount of money in the desired currency, offering travellers control over their spending.
Credit travel cards offer additional benefits such as rewards, cashback, and travel insurance. These cards are popular among frequent travellers who seek to earn rewards for their travel expenses.
Debit travel cards are linked to the user's bank account and provide a secure way to access funds while travelling. These cards are widely used for everyday expenses and offer the convenience of cashless transactions.
As per the travel card market analysis, leisure travel holds a significant share of the market, driven by the increasing number of people travelling for vacations and holidays. Travel cards provide a convenient and secure way to manage finances during leisure trips.
Business travel is expected to witness substantial growth during the forecast period, owing to the rising number of corporate travellers. Travel cards are used by companies to manage employee travel expenses and provide better control over travel spending.
Market Segmentation
The travel card market can be divided based on the type, currency type, application, industry vertical, and region.
Market Breakup by Type
- Prepaid Card
- Credit Card
Market Breakup by Currency Type
- One Currency Card
- Multiple Currency Card
Market Breakup by Application
- Transaction
- Communication
- Security And Access Control
- Others
Market Breakup by Industry Vertical
- Corporate/Organisation
- Retail
- Government
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the travel card market. Some of the major players explored in the report by Expert Market Research are as follows:
- American Express Company
- Bank Of America Corporation
- Citigroup Inc.
- JPMorgan Chase & Co.
- Capital One Group
- HSBC Holdings plc
- Caxton Payments Limited
- Revolut Ltd.
- Monese Credit Limited
- Wise Payments Limited
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Travel Card Market Analysis
8.1 Key Industry Highlights
8.2 Global Travel Card Historical Market (2018-2023)
8.3 Global Travel Card Market Forecast (2024-2032)
8.4 Global Travel Card Market by Type
8.4.1 Prepaid Card
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Credit Card
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Travel Card Market by Currency Type
8.5.1 One Currency Card
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Multiple Currency Card
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Travel Card Market by Application
8.6.1 Transaction
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Communication
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Security And Access Control
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Travel Card Market by Industry Vertical
8.7.1 Corporate/Organisation
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Retail
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Government
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Travel Card Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Travel Card Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Travel Card Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Netherlands
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Switzerland
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Asia Pacific Travel Card Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 New Zealand
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Latin America Travel Card Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Travel Card Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 South Africa
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Qatar
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Bahrain
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Oman
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Turkey
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 American Express Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bank Of America Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Citigroup Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 JPMorgan Chase & Co.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Capital One Group
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 HSBC Holdings plc
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Caxton Payments Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Revolut Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Monese Credit Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Wise Payments Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Travel Card Market: Key Industry Highlights, 2018 and 2032
2. Global Travel Card Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Travel Card Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Travel Card Historical Market: Breakup by Currency Type (USD Million), 2018-2023
5. Global Travel Card Market Forecast: Breakup by Currency Type (USD Million), 2024-2032
6. Global Travel Card Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Travel Card Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Travel Card Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
9. Global Travel Card Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
10. Global Travel Card Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Travel Card Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Travel Card Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Travel Card Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Travel Card Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Travel Card Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Travel Card Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Travel Card Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Travel Card Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Travel Card Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Travel Card Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Travel Card Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Travel Card Market Structure
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