Commercial Fleet Fuel Card Market Report 2026

The commercial fleet fuel card market size has grown strongly in recent years. It will grow from $12.23 billion in 2025 to $13.28 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to expansion of commercial vehicle fleets, rising fuel cost volatility, adoption of centralized fleet expense management, increased use of corporate payment solutions, growth of logistics and transportation services.

The commercial fleet fuel card market size is expected to see strong growth in the next few years. It will grow to $18.24 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing electrification of vehicle fleets, rising adoption of integrated fleet management systems, expansion of digital payment ecosystems, growing demand for sustainability-linked fuel programs, increased focus on cost optimization tools. Major trends in the forecast period include increasing adoption of data-driven fuel management platforms, rising integration of telematics with fuel cards, growing demand for real-time expense analytics, expansion of contactless and digital payment solutions, enhanced focus on fraud detection and control.

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 May 2024, WEX Inc., a US-based provider of information management and payment processing services, entered into a partnership with Shell plc to oversee Shell’s commercial fleet fuel card portfolio across North America. Through this partnership, WEX and Shell plan to combine WEX’s advanced capabilities in fleet mobility and payment technologies with Shell’s broad market reach to enhance fleet management effectiveness, offer increased convenience and oversight for commercial clients, and deliver scalable, cost-efficient fuel card solutions with improved operational value. Shell plc is a UK-based company focused on delivering global energy products and services, including fuel and fleet solutions.

Major companies operating in the commercial fleet fuel card market are HSBC Fuel Cards, OMV Fleet Card, World Kinect Corporation, Visa Fleet Cards, MasterCard Fleet Cards, Global Partners LP, 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, U.S. Bank Voyager Fleet Card, Comdata, Shell Fleet Solutions, BP Fleet Cards, Allstar Business Solutions.

North America was the largest region in the commercial fleet fuel card market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial fleet fuel card market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial fleet fuel card market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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