Fuel card volumes have grown annually between 2012 and 2017 as domestic fleet vehicles increasingly turned to fuel cards over this period to reduce transport costs and benefit from the wide range of services offered by card operators.Despite growing fuel card volumes over the last five years, over 600,000 fleet vehicles did not use fuel cards in 2016 as many remain ineligible, as card operators set high minimum volume requirements.
Operators should launch a fleet card with a large domestic card acceptance network, low minimum volume requirements, credit periods and discounted fuel prices which will increase the number of eligible fleets in the Czech Republic and boost fuel card volumes over the next five years.
Value of the Czech fuel card market increased by around 16% in 2016 as fuel prices rose for the first time in the country since 2012, forcing many fleets to use fuel cards to combat rising transport costs.While the value of the Czech fuel card market will increase over the next five years as fuel prices continue to rise over this period, card operators should invest in non-fuel services to further boost market value.
CCS is the largest fuel card operator in the Czech Republic due to its large card acceptance network which covers over 90% of service stations in the country, appealing to both fleet and CRT vehicles.
The report "Fuel Cards in the Czech Republic 2017", 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 2022, key data on independent and oil company card issuers and an analysis of fuel card competition in the Czech Republic.
Companies mentioned in this report: Shell, UTA, AS24, OMV, MOL, CCS, Benzina AS, Eurowag
- Demand for fuel cards from fleets will rise over the next five years as they attempt to reduce transport costs due to heightened competition across Eastern Europe.
- The total number of service stations in the Czech Republic decreased by 1.3% in 2016 totalling 3,600 service stations.
- Over 19,000 new fuel cards will be issued between 2017 and 2022, totalling to 552,167 cards in the market.
- Fleet card volumes will continue to grow rising 17.4% between 2017 and 2022.
- CCS remained the Czech fuel card market leader despite losing market share in 2016 accounting for 39.3%, as clients were drawn to its large domestic service station and motorway network.
- Plan effective market entry strategies by uncovering current and future volumes and values of the Czech 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.
Competitor Card Analysis