The Mexico Fuel Card market is growing along with the Automotive and Transportation industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report. Fuel or fleet cards are most commonly used at gas stations as payment cards for gasoline, diesel, and other fuels. Fleet cards can also be used at the discretion of the fleet owner or manager to maintain vehicles and pay for costs. Most fuel cards are charge cards.
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The Mexico fuel card market valued at US$ XX Mn in 2018 and is expected to grow at a CAGR of 5.1% during the forecast period 2020 – 2027, to account to US$ 605.8 Mn by 2027.
The automotive industry comprises a wide range of companies and organizations involved in vehicle design, development, manufacturing, marketing and sales. It is one of the world’s largest economic sectors in terms of revenue. Transportation, or transportation, is the movement of people, animals, and goods from one place to another. In other words, the action of transport is defined as the specific movement of an organism or thing from point A to point B. Modes of transport include air, land, water, cables, pipelines, and spaces.
Italy dominated the automotive UBI market in 2018 and is anticipated to continue its dominance in the market across the European region through the forecast period. The automotive UBI market in Europe is dominated by Italy and the UK, however, acceptance in other markets are noticeably lower. Some of the countries that are expected to witness growth in the near future include Spain, France, Austria, Scandinavia, Benelux, Switzerland, and Germany, among others.
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These factors are expected to offer broad growth opportunities in the Automotive and Transportation industry and this is expected to cause the demand for immunochemistry assays in the market.
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Mexico Fuel Card – MARKET SEGMENTATION
Mexico Fuel Card Market – By Type
- Branded Fuel cards
- Merchant Fuel cards
- Universal Fuel cards
Mexico Fuel Card Market – By Application
- Fuel Refill
- Vehicle Service
- Toll Charge
- BP Mexico Pty. Ltd.
- Caltex Mexico Limited
- Fleetcare Pty Ltd.
- Shell Australia
- WEX Mexico Pty Ltd.
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