£96.8m
£X.Xm
1,445
45
£XX.Xm
Pre-COVID-19 fuel card subscriptions rose to record highs and continued to climb as cost efficiencies remained a priority for downstream businesses, mainly concerning post-referendum uncertainty. However, disruption in commodity prices and downstream commercial activity caused by COVID-19 had an immediate trickle-down effect on lead generation among fuel card providers. The operational ramifications of COVID-19 suppressed profitability and pushed companies towards the red.
Industry revenue has declined at a CAGR of 2.1 % over the past five years, to reach an estimated £96.8m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
Allstar Business Solutions Ltd | 5.4 | |
UK Fuels Ltd | 4.5 | |
The Fuelcard Company UK Ltd | 2.7 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Company, Bunkered and Retail. Company is the largest segment of the Fuel Cards in the UK.
Company fuel card packages provide the bulk of demand
Companies in this industry supply business customers with fuel cards. Commercial drivers use a fuel card as a payment card at a specified network of forecourts. Instead of paying with cash, credit, or debit cards, the driver presents the fuel card to the cashier. Fuel cars bill the company directly, and the employee can collect a receipt as proof of purchase. This industry excludes the sale of fuel and the provision of ancillary services, including telematics and fleet management.
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SIC 47.3 - Fuel Cards in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
COVID-19 significantly lowered demand for fuel cards. However, the easing of restrictions and reopening of the economy have spurred a post-lockdown revival in demand for petr...
Learn about an industry's products and services, markets and trends in international trade.
Demand for company fuel card packages is high. Fleet-orientated businesses that rely on domestic transportation for daily operations often choose company fuel cards for pence...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The South East is home to a number of consumer markets. Fuel card providers base themselves in the region due to high demand, as a considerable number of HGV fleets are locat...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The Fuel Cards industry has a high level of competition. Competition is primarily based on the degree of fuel cost savings a given fuel card provider can afford business cust...
Learn about the performance of the top companies in the industry.
Allstar has a range of revenue streams. The company offers business customers five types of fuel cards, including its core fuel card, the Allstar One Fuel Card, which provide...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Fuel prices are rising significantly in 2022-23. Fleet managers are more inclined to seek effective methods to reduce fuel expenditure when pump prices increase, including re...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit is affected by operating taxes and inter-company payments. This is particularly among branded fuel card providers, which are vertically integrated into oil supply corp...
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Fuel Cards in the UK industry in United Kingdom is £96.8m in 2024.
There are 45 businesses in the Fuel Cards in the UK industry in United Kingdom, which has declined at a CAGR of 1.7 % between 2018 and 2023.
The market size of the Fuel Cards in the UK industry in United Kingdom has been declining at a CAGR of 2.1 % between 2018 and 2023.
Over the next five years, the Fuel Cards in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Fuel Cards market in United Kingdom are Allstar Business Solutions Ltd, UK Fuels Ltd and The Fuelcard Company UK Ltd
Company fuel cards and Bunkered fuel cards are part of the Fuel Cards in the UK industry.
The company holding the most market share in United Kingdom is Allstar Business Solutions Ltd.
The level of competition is high and steady in the Fuel Cards in the UK industry in United Kingdom.