BOSTON, Dec. 9, 2021 /PRNewswire-PRWeb/ -- Mercator
Advisory Group released a report covering the fleet card market,
titled On the Road to Recovery: U.S. Fleet Card Market Sizing and
Forecast, 2020-2025. The research explains the current market and
forecast, discusses closed- and open-loop card networks, card
spend, and network volume, and explores the effects of the COVID-19
pandemic on the industry.
This research also explores current fleet tracking &
telematics technology and how companies are using these
advancements to reduce costs and increase safety. We then
transition into the future of fleet and current state of federal
and statewide climate and sustainability initiatives. Many of these
innovative programs will affect the future of fleet in terms of
updated fuel efficiency standards and increasing shifts towards
fleet electrification.
"Sustainability initiatives may have fleets examining
alternative vehicles and electrification," comments Ben Danner, Analyst at Mercator Advisory Group,
and the author of the research report. "Fleet card companies must
begin to invest in the future of fleet and this means taking a
serious look at advances in payments technologies and continued
market awareness."
Highlights of the research document include:
- Effects of COVID-19 on the trucking and fleet card
industry
- Forecast for U.S. fleet card spend through 2025
- Fleet card purchase volumes by network share
- Overall fleet card market sizing and segmentation of total U.S.
commercial card spend
- Current regulatory environment for fleet sustainability and
environmental impact
- Trends in fleet electrification and fleet technology
This document contains 14 pages and 4 exhibits.
Companies mentioned in this research note include: Amazon,
Comdata, EFS, Enterprise, Fleet One, FLEETCOR, Fuelman, Geotab,
Hertz, Ikea, Mastercard, MSTS, Rivian, Samsara, Shell Oil Company,
Tesla, Trimble, U.S. Bancorp, Verizon Connect, Visa, WEX Inc.
Members of Mercator Advisory Group's Commercial Advisory Service
have access to this report as well as the upcoming research for the
year ahead, presentations, analyst access, and other membership
benefits.
For more information and media inquiries, please call Mercator
Advisory Group's main line: (781) 419-1700 or send an email to
media@mercatoradvisorygroup.com.
For free industry news, opinions, research, company information,
and more, visit us at http://www.PaymentsJournal.com.
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About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and
advisory services firm exclusively focused on the payments and
banking industries. We deliver pragmatic and timely research and
advice designed to help our clients uncover the most lucrative
opportunities to maximize revenue growth and contain costs. Our
clients range from the world's largest payment issuers, acquirers,
processors, merchants and associations to leading technology
providers and investors. Mercator Advisory Group is also the
publisher of the online payments and banking news and information
portal PaymentsJournal.com.
Media Contact
Karen Yetter, Mercator Advisory
Group, 781-419-1700, kayette1@cox.net
SOURCE Mercator Advisory Group