Commercial Fleet Fuel Card Market Report 2025

The commercial fleet fuel card market size has grown strongly in recent years. It will grow from $11.25 billion in 2024 to $12.23 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth observed during the historic period is driven by an increasing number of commercial vehicles on the roads, rising fuel costs encouraging better expense management, growing adoption of fleet management services, regulatory requirements for fuel transparency, and the expansion of the logistics and transportation sectors.

The commercial fleet fuel card market size is expected to see strong growth in the next few years. It will grow to $16.87 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The projected growth during the forecast period is driven by an increasing focus on sustainability and fuel efficiency, the rise of digital payment platforms, greater need for real-time fuel monitoring, expansion of electric and hybrid commercial fleets, and growing demand for driver behavior analytics. Key trends expected during this period include advancements in fuel card security technology, innovations in telematics integration, the use of artificial intelligence to optimize fuel consumption, research into blockchain for transaction transparency, and the introduction of mobile-based fuel payment solutions.

The continued growth of the transportation and logistics sector is expected to fuel the commercial fleet fuel card market. This industry encompasses the movement of goods and freight via road, rail, air, and sea. Its expansion is largely driven by rising e-commerce demand, which has led to higher freight volumes and more frequent shipments. Commercial fleet fuel cards help fleet operators manage fuel expenses efficiently and optimize operational costs in response to increasing transportation activities. For example, in April 2024, the Bureau of Transportation Statistics, a US government agency, reported that the freight transportation services index increased by 3.4%, compared to a 1.8% rise in 2022. Consequently, the expansion of the transportation and logistics industry is supporting the growth of the commercial fleet fuel card market.

Leading companies in the commercial fleet fuel card market are developing advanced solutions, such as integrated digital fleet management systems, to improve cost control and operational transparency. These systems unify fuel card transactions, expense tracking, maintenance scheduling, and receipt management within a single digital platform, streamlining fleet operations and supporting better decision-making. For example, in July 2025, Corpay Inc., a US-based payments and expense management company, launched the Corpay One Select Mixed Fleet Card. This product offers deep fuel rebates at over 40,000 Fuelman Discount Network stations, enables fleet managers to monitor and control spending in real time, capture receipts on the go, and automate purchase approvals. The solution helps businesses reduce administrative tasks, enhance spending visibility, and provides fleet managers with a faster, smarter, and more cost-effective way to manage fuel expenses and vehicle maintenance from a single platform.

In January 2022, World Kinect Corporation, a US-based energy management and fuel technology company, acquired Flyers Energy Group for an undisclosed sum. This acquisition allows World Kinect to leverage Flyers’ extensive commercial fleet fuel card network, expanding fueling solutions and convenience for fleet operators across the United States. Flyers Energy LLC, based in the US, specializes in providing commercial fleet fuel cards.

Major players in the commercial fleet fuel card market are Seven & I Holdings Co. Ltd., HSBC Fuel Cards, OMV Fleet Card, World Kinect Corporation, Visa Fleet Cards, MasterCard Fleet Cards, Global Partners LP, Kwik Trip Inc., Corpay Inc., Fleetcor Technologies Inc., Edenred Essentials, Eurowag Group, WEX Inc., Mike Albert Fleet Solutions, AtoB Fuel Card, fuelGenie Business Fuel Card, Coast Fleet Card, Relay Payments Inc., P-Fleet Fuel Management, and U.S. Bank Voyager Fleet Card.

North America was the largest region in the commercial fleet fuel card market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in commercial fleet fuel card report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the commercial fleet fuel card market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the transport services sector by driving up costs for vehicles, spare parts, and fuel, key inputs often sourced from tariff-affected regions. Freight operators, logistics providers, and public transportation systems are facing squeezed profit margins as higher equipment and maintenance costs coincide with limited ability to pass on these expenses to customers due to competitive pressures. The uncertainty has also delayed fleet modernization and the adoption of greener, more efficient vehicles, slowing progress toward sustainability goals. To adapt, transport firms are optimizing route planning, investing in fuel efficiency technologies, renegotiating supplier contracts, and exploring collaborative logistics models to share costs and mitigate the impact of higher tariffs.

A commercial fleet fuel card is a specialized payment card designed to help businesses manage fuel expenses for their vehicle fleets. These cards enable companies to track fuel purchases, monitor driver spending, and often access discounts or rewards from affiliated fuel stations. They also provide detailed transaction data, supporting improved cost control and operational efficiency.

The main types of commercial fleet fuel cards include universal fuel cards, branded fuel cards, and merchant-branded cards. Universal fuel cards are accepted at a broad network of fuel stations from multiple brands, allowing drivers to refuel conveniently across different locations. These cards are applicable for various vehicle types, including light and heavy commercial vehicles, and can be used for fuel refills, vehicle maintenance, toll payments, and other expenses. Key end-users include industries such as transportation and logistics, construction, oil and gas, and others.

The commercial fleet fuel card market research report is one of a series of new reports that provides commercial fleet fuel card market statistics, including the commercial fleet fuel card industry global market size, regional shares, competitors with the commercial fleet fuel card market share, detailed commercial fleet fuel card market segments, market trends, and opportunities, and any further data you may need to thrive in the commercial fleet fuel card industry. This commercial fleet fuel card market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The commercial fleet fuel card market consists of sales of telematics devices, onboard diagnostic devices, smart card readers, and fuel pump control systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.