The Report “Africa Fuel Card Market By Vehicle Tonnage (Vehicles above 3.5 tons and below 3.5 tons) and By Enterprise Size(Large , Small and Medium) - Forecast To 2020”, is estimated to reach $28.83 billion by 2020, growing at a CAGR of 5.11% from 2015 to 2020.
Browse through the TOC of the Africa Fuel Card Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Vehicle below 3.5 tons is projected to grow at a significant pace during the forecast period
On the basis of vehicle tonnage, the fuel card market in Africa is segmented into vehicles below 3.5 tons and vehicles above 3.5 tons. The vehicles above 3.5 tons segment accounted for a larger share in 2015, however the vehicles below 3.5 tons segment is expected to grow at the highest CAGR during the forecast period.
Large Enterprise segment to gain maximum traction during the forecast period
Based on enterprise size, the fuel card market in Africa is segmented into small & medium enterprise and large enterprise. In 2015, the large enterprise segment accounted fora larger share.
Major fuel card providers such as Vivo Energy and Puma Energy partnered with banks and insurance companies in Africa to attract the large enterprise towards card payment.
The scope of the report covers detailed information regarding the major factors influencing the growth of the market for fuel card in Africa such as drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, agreements, and recent developments associated with the market for fuel card in Africa.
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