Mexico Fuel Card Market Research Report Forecast to 2030
Market Report I 2023-09-20 I 91 Pages I Market Research Future
Mexico Fuel Card Market Research Report Forecast to 2030
Market Overview
The fuel card or fleet card is used as a payment card for petrol, diesel, and other fuels at gas stations. Fleet cards can also be used to pay for vehicle maintenance and expenses at the discretion of the fleet owner or manager. Most fuel cards are charge cards. Fleet cards are unique because of the convenient and comprehensive reporting that accompanies their use. Fleet cards enable fleet owners/managers to receive real-time reports and set purchasing controls on their cards to help them stay on top of all business-related expenses. They are mostly issued by a single company. This means that cardholders can only use them at specific locations owned, operated, and franchised by the issuer. Like regular payment cards, fleet cards are engraved, or laser printed with details, including the card number, expiration date (if applicable), company name, and, in some cases, the authorized user's name. Newer cards come with a small chip on the front and a magnetic strip on the back to be used at the point of sale (POS) terminals. Companies give these cards to drivers and other employees who can use them in place of personal cards. Major oil and gas companies such as Shell, ExxonMobil, Chevron, and Texaco are the companies issuing of fleet cards. Generally, companies that use their cards are limited to using the card issuer's websites. The emerging and advanced payment technologies are offering many innovative solutions across various industries, with the transportation industry, in particular, being a prime focus.
The Mexico fuel cards market was valued at USD 3,839.9 million in 2022. It is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030.
Market Segmentation
The Mexico fuel cards market has been segmented on the basis of card type, vehicle type, and application. Based on card type, the fuel card market is segmented into business fuel cards, individual fuel cards, and prepaid fuel cards. By vehicle type, the fuel card market is segmented into heavy fleet and light fleet. The fuel card market is segmented by application into fuel refill, parking, vehicle service, toll charges, and others.
Major Players
The key players operating in the Mexico fuel cards market include Hidrosina, Fleetcor, Orsan Group, Arco, Wex, Inc, Edenred Sa, Us Bank, World Fuel Services, Bp Plc, Sodexo, Leaseplan Corporation, Shell, TotalEnergies, and OneCard S.I.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 11
2 MARKET INTRODUCTION 13
2.1 DEFINITION 13
2.2 SCOPE OF THE STUDY 13
2.3 RESEARCH OBJECTIVE 13
2.4 MARKET STRUCTURE 14
3 RESEARCH METHODOLOGY 15
4 MARKET DYNAMICS 22
4.1 INTRODUCTION 22
4.2 DRIVERS 23
4.2.1 INCREASING DEMAND FOR CASHLESS FUEL TRANSACTIONS 23
4.2.2 GROWING NEED TO OPTIMIZE FLEET EXPENSES TASKS AMONG FLEET MANAGERS AND VEHICLE OWNERS 23
4.3 RESTRAINTS 24
4.3.1 DATA SECURITY AND PRIVACY CONCERNS 24
4.3.2 CHANGING LEGAL FRAMEWORK 24
4.4 OPPORTUNITY 25
4.4.1 GROWING ADOPTION OF DIGITIZATION AND THE INTERNET OF THINGS (IOT) 25
4.4.2 PROVIDE VALUE ADDED SERVICES 26
4.5 IMPACT OF COVID-19 26
4.5.1 IMPACT ON FUEL CARD PROVIDERS 26
4.5.2 IMPACT ON THE SEMICONDUCTOR INDUSTRY 26
4.5.3 IMPACT ACROSS END-USE INDUSTRIES 27
5 MARKET FACTOR ANALYSIS 28
5.1 VALUE CHAIN ANALYSIS 28
5.1.1 FUEL RETAILER/PROVIDER 29
5.1.2 FUEL CARD ISSUER/PROVIDER 29
5.1.3 END USER 29
5.2 PORTER'S FIVE FORCES MODEL 30
5.2.1 THREAT OF NEW ENTRANTS 31
5.2.2 BARGAINING POWER OF SUPPLIERS 31
5.2.3 THREAT OF SUBSTITUTES 31
5.2.4 BARGAINING POWER OF BUYERS 31
5.2.5 INTENSITY OF RIVALRY 31
6 MEXICO FUEL CARD MARKET, BY CARD TYPE 32
6.1 OVERVIEW 32
6.1.1 MEXICO FUEL CARD MARKET, BY CARD TYPE, 2019-2030 (USD MILLION) 33
6.2 BUSINESS FUEL CARD 33
6.3 INDIVIDUAL FUEL CARD 33
6.4 PREPAID FUEL CARD 33
7 MEXICO FUEL CARD MARKET, BY VEHICLE TYPE 34
7.1 OVERVIEW 34
7.1.1 MEXICO FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2030 (USD MILLION) 35
7.2 HEAVY FLEET 35
7.3 LIGHT FLEET 35
8 MEXICO FUEL CARD MARKET, BY APPLICATION 36
8.1 OVERVIEW 36
8.1.1 MEXICO FUEL CARD MARKET, BY APPLICATION, 2019-2030 (USD MILLION) 37
8.2 FUEL REFILLL 37
8.3 PARKING 37
8.4 VEHICLE SERVICE 37
8.5 TOLL CHARGE 38
8.6 OTHERS 38
9 GLOBAL FUEL CARD MARKET, BY REGION 39
9.1 OVERVIEW 39
9.1.1 GLOBAL FUEL CARD MARKET, BY REGION, 2019-2030 (USD MILLION) 39
9.2 NORTH AMERICA 39
9.2.1 NORTH AMERICA: FUEL CARD MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 40
9.3 EUROPE 40
9.3.1 EUROPE: FUEL CARD MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 41
9.4 ASIA PACIFIC 41
9.4.1 ASIA PACIFIC: FUEL CARD MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 41
9.5 MIDDLE EAST & AFRICA 42
9.5.1 MIDDLE EAST & AFRICA: FUEL CARD MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 42
9.6 SOUTH AMERICA 43
9.6.1 SOUTH AMERICA: FUEL CARD MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 43
?
10 COMPETITIVE LANDSCAPE 44
10.1 COMPETITIVE BENCHMARKING 45
10.2 VENDOR SHARE ANALYSIS 46
10.3 RECENT DEVELOPMENTS 46
10.3.1 COLLABORATION, CONTRACT NAND PARTNERSHIP 46
10.3.2 ACQUISITION 47
10.3.3 PRODUCT LAUNCH 48
11 COMPANY PROFILES 49
11.1 HIDROSINA 49
11.1.1 COMPANY OVERVIEW 49
11.1.2 FINANCIAL OVERVIEW 49
11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 49
11.1.4 KEY DEVELOPMENTS 49
11.2 FLEETCOR TECHNOLOGIES, INC. 50
11.2.1 COMPANY OVERVIEW 50
11.2.2 FINANCIAL OVERVIEW 51
11.2.3 PRODUCTS OFFERED 52
11.2.4 KEY DEVELOPMENTS 52
11.2.5 SWOT ANALYSIS 52
11.2.6 KEY STRATEGIES 53
11.3 BP P.L.C. 54
11.3.1 COMPANY OVERVIEW 54
11.3.2 FINANCIAL OVERVIEW 55
11.3.3 PRODUCTS OFFERED 56
11.3.4 KEY DEVELOPMENTS 56
11.3.5 SWOT ANALYSIS 57
11.3.6 KEY STRATEGIES 57
11.4 WEX INC. 58
11.4.1 COMPANY OVERVIEW 58
11.4.2 FINANCIAL OVERVIEW 59
11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 59
11.4.4 KEY DEVELOPMENTS 60
11.4.5 WEX INC.: KEY DEVELOPMENTS 60
11.4.6 SWOT ANALYSIS 61
11.4.7 KEY STRATEGIES 61
?
11.5 EDENRED SA 62
11.5.1 COMPANY OVERVIEW 62
11.5.2 FINANCIAL OVERVIEW 63
11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 64
11.5.4 KEY DEVELOPMENTS 64
11.5.5 SWOT ANALYSIS 65
11.5.6 KEY STRATEGIES 65
11.6 U.S. BANK 66
11.6.1 COMPANY OVERVIEW 66
11.6.2 FINANCIAL OVERVIEW 67
11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 67
11.6.4 KEY DEVELOPMENTS 68
11.6.5 SWOT ANALYSIS 68
11.6.6 KEY STRATEGIES 68
11.7 WORLD FUEL SERVICES 69
11.7.1 COMPANY OVERVIEW 69
11.7.2 FINANCIAL OVERVIEW 70
11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 71
11.7.4 KEY DEVELOPMENTS 71
11.7.5 SWOT ANALYSIS 71
11.7.6 KEY STRATEGIES 72
11.8 LEASEPLAN 73
11.8.1 COMPANY OVERVIEW 73
11.8.2 FINANCIAL OVERVIEW 74
11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 75
11.8.4 KEY DEVELOPMENTS 75
11.8.5 SWOT ANALYSIS 75
11.8.6 KEY STRATEGIES 75
11.9 SHELL 76
11.9.1 COMPANY OVERVIEW 76
11.9.2 FINANCIAL OVERVIEW 77
11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 78
11.9.4 KEY DEVELOPMENTS 78
11.9.5 SWOT ANALYSIS 79
11.9.6 KEY STRATEGIES 79
?
11.10 TOTALENERGIES 80
11.10.1 COMPANY OVERVIEW 80
11.10.2 FINANCIAL OVERVIEW 81
11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 81
11.10.4 KEY DEVELOPMENTS 82
11.10.5 SWOT ANALYSIS 82
11.10.6 KEY STRATEGIES 82
11.11 ONE CARD S.I. 83
11.11.1 COMPANY OVERVIEW 83
11.11.2 FINANCIAL OVERVIEW 83
11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 83
11.11.4 KEY DEVELOPMENTS 83
11.11.5 SWOT ANALYSIS 84
11.11.6 KEY STRATEGIES 84
11.12 SODEXO 85
11.12.1 COMPANY OVERVIEW 85
11.12.2 FINANCIAL OVERVIEW 86
11.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 87
11.12.4 KEY DEVELOPMENTS 87
11.12.5 SWOT ANALYSIS 87
11.12.6 KEY STRATEGIES 88
11.13 ORSAN 89
11.13.1 COMPANY OVERVIEW 89
11.13.2 FINANCIAL OVERVIEW 89
11.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 89
11.13.4 KEY DEVELOPMENTS 89
11.13.5 SWOT ANALYSIS 90
11.13.6 KEY STRATEGIES 90
?
LIST OF TABLES
TABLE 1 MARKET SYNOPSIS 12
TABLE 2 MEXICO FUEL CARD MARKET, BY CARD TYPE, 2019-2030 (USD MILLION) 33
TABLE 3 MEXICO FUEL CARD MARKET, BY VEHICLE TYPE, 2019-2030 (USD MILLION) 35
TABLE 4 MEXICO FUEL CARD MARKET, BY APPLICATION, 2019-2030 (USD MILLION) 37
TABLE 5 GLOBAL FUEL CARD MARKET, BY REGION, 2019-2030 (USD MILLION) 39
TABLE 6 NORTH AMERICA FUEL CARD MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 40
TABLE 7 EUROPE FUEL CARD MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 41
TABLE 8 ASIA PACIFIC FUEL CARD MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 41
TABLE 9 MIDDLE EAST & AFRICA FUEL CARD MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 42
TABLE 10 SOUTH AMERICA FUEL CARD MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 43
TABLE 11 COLLABORATION, CONTRACT AND PARTNERSHIP 46
TABLE 12 ACQUISITION 47
TABLE 13 PRODUCT LAUNCH 48
TABLE 14 HIDROSINA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 49
TABLE 15 FLEETCOR TECHNOLOGIES, INC: PRODUCTS OFFERED 52
TABLE 16 FLEETCOR TECHNOLOGIES, INC: KEY DEVELOPMENTS 52
TABLE 17 BP P.L.C.: PRODUCTS OFFERED 56
TABLE 18 WEX INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 59
TABLE 19 EDENRED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 64
TABLE 20 EDENRED: KEY DEVELOPMENTS 64
TABLE 21 U.S. BANK: PRODUCTS/SOLUTIONS/SERVICES OFFERED 67
TABLE 22 U.S. BANK: KEY DEVELOPMENTS 68
TABLE 23 WORLD FUEL SERVICES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 71
TABLE 24 LEASEPLAN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 75
TABLE 25 SHELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 78
TABLE 26 SHELL: KEY DEVELOPMENTS 78
TABLE 27 TOTALENERGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 81
TABLE 28 ONE CARD S.I.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 83
TABLE 29 SODEXO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 87
TABLE 30 SODEXO: KEY DEVELOPMENTS 87
TABLE 31 ORSAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 89
TABLE 32 ORSAN: KEY DEVELOPMENTS 89
?
LIST OF FIGURES
FIGURE 1 MEXICO FUEL CARDS MARKET: MARKET STRUCTURE 14
FIGURE 2 BOTTOM-UP AND TOP-DOWN APPROACHES 19
FIGURE 3 MARKET DYNAMICS: MEXICO FUEL CARD MARKET 22
FIGURE 4 DRIVERS: IMPACT ANALYSIS 24
FIGURE 5 RESTRAINTS: IMPACT ANALYSIS 25
FIGURE 6 VALUE CHAIN ANALYSIS: MEXICO FUEL CARD MARKET 28
FIGURE 7 PORTER'S FIVE FORCES ANALYSIS: MEXICO FUEL CARD MARKET 30
FIGURE 8 MEXICO FUEL CARD MARKET, BY CARD TYPE, 2022 (% SHARE) 32
FIGURE 9 MEXICO FUEL CARD MARKET, BY CARD TYPE, 2022 VS 2030 (USD MILLION) 32
FIGURE 10 MEXICO FUEL CARD MARKET, BY VEHICLE TYPE, 2022 (% SHARE) 34
FIGURE 11 MEXICO FUEL CARD MARKET, BY VEHICLE TYPE, 2022 VS 2030 (USD MILLION) 34
FIGURE 12 MEXICO FUEL CARD MARKET, BY APPLICATION, 2022 (% SHARE) 36
FIGURE 13 MEXICO FUEL CARD MARKET, BY APPLICATION, 2022 VS 2030 (USD MILLION) 36
FIGURE 14 FUEL CARD MARKET: COMPETITIVE BENCHMARKING 45
FIGURE 15 VENDOR SHARE ANALYSIS, 2022 (% SHARE) 46
FIGURE 16 FLEETCOR TECHNOLOGIES, INC.: FINANCIAL OVERVIEW SNAPSHOT 51
FIGURE 17 FLEETCOR TECHNOLOGIES, INC: SWOT ANALYSIS 52
FIGURE 18 BP P.L.C.: FINANCIAL OVERVIEW SNAPSHOT 55
FIGURE 19 BP P.L.C.: SWOT ANALYSIS 57
FIGURE 20 WEX INC.: FINANCIAL OVERVIEW SNAPSHOT 59
FIGURE 21 WEX INC.: SWOT ANALYSIS 61
FIGURE 22 EDENRED: FINANCIAL OVERVIEW SNAPSHOT 63
FIGURE 23 EDENRED: SWOT ANALYSIS 65
FIGURE 24 U.S. BANK: FINANCIAL OVERVIEW SNAPSHOT 67
FIGURE 25 U.S. BANK: SWOT ANALYSIS 68
FIGURE 26 WORLD FUEL SERVICES: FINANCIAL OVERVIEW SNAPSHOT 70
FIGURE 27 WORLD FUEL SERVICES: SWOT ANALYSIS 71
FIGURE 28 LEASEPLAN CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 74
FIGURE 29 LEASEPLAN CORPORATION: SWOT ANALYSIS 75
FIGURE 30 SHELL: FINANCIAL OVERVIEW SNAPSHOT 77
FIGURE 31 SHELL: SWOT ANALYSIS 79
FIGURE 32 TOTALENERGIES: FINANCIAL OVERVIEW SNAPSHOT 81
FIGURE 33 TOTALENERGIES: SWOT ANALYSIS 82
FIGURE 34 ONE CARD S.I.: SWOT ANALYSIS 84
FIGURE 35 SODEXO: FINANCIAL OVERVIEW SNAPSHOT 86
FIGURE 36 SODEXO: SWOT ANALYSIS 87
FIGURE 37 ORSAN: SWOT ANALYSIS 90
?
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.