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

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