According to Cognitive Market Research, the global fuel card market size will be USD 1751.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 700.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 525.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 402.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 87.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 35.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.
The fuel refill category is the fastest growing segment of the fuel card industry
