Europe Aviation Fuel Card Market Forecast to 2030

Europe Aviation Fuel Card Market Forecast to 2030

Europe Aviation Fuel Card Market Forecast to 2030 – Regional Analysis – by Type (Merchant and Branded) and Application (Commercial and Private)

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Description

The Europe Aviation fuel card market was valued at US$ 516.07 million in 2022 and is expected to reach US$ 1,087.93 million by 2030; it is estimated to register a CAGR of 9.8% from 2022 to 2030.

Growing Demand for the Cost Optimization Using Fuel Cards Boosts Europe Aviation Fuel Card Market

Fuel is considered one of the most expensive aspects of organizing a flight. Fuel price hikes have a significant impact on airlines. Aircraft use 3-3.5 liters of fuel per 100 passengers per kilometer. As a result, in the current market, fuel expenses account for 20-25% of overall costs and can occasionally surpass 30%. The fuel cost highly affects the overall profitability of the company positively or negatively depending on the overall fuel spends. The cost of gasoline per gallon in January 2023 was US$ 3.28, 4.3% more than in December 2022, which was US$ 3.14 and 71.7% higher than in January 2019. Total fuel expenditure in January 2023 reached US$ 4.63 billion, a 70.6% hike from pre-pandemic January 2019. Hence, aviation fuel consumption and volatility in prices are rapidly increasing. Thus, airlines across the globe concentrate on reducing their overall fuel consumption in order to achieve cost optimization.

Fuel card helps in fuel reduction practices such as flight planning, weight management, fleet maintenance, and eco-piloting, which include optimizing take-off and landing procedures, employing the best thrust and speed settings, and limiting the need for auxiliary power units are undertaken by airline companies Thus, identifying the need for a reduction in fuel consumption, many aviation fuel producers started offering aviation fuel card programs. Fuel cards make efficient fuel planning and routing achievable, assisting in the optimization of fleet operations. Fleet managers can find out the most fuel-efficient routes by examining fuel usage data; this reduces redundant deviations or delays. Fuel card data can aid in the scheduling of aircraft maintenance. Airlines always know when an aircraft is due for planned maintenance because they track efficiency, hours of use, and usage trends over time. Various merchant aviation fuel card providers and branded aviation fuel card providers offer lucrative programs to gain the attention of large and small airline operators. For instance, in 2021, Total Energies launched the tax-inclusive JET A-1 fuel card. For these cardholders, the company started providing special fuel rates program, under this program fuel producing company started providing the cardholders at the constant rate across the cardholder’s country. Thus, the high requirement for fuel consumption reduction and the benefits offered by fuel cards, such as fuel consumption tracking, route optimization, and fixed fuel rates across the country, are driving the demand for aviation fuel cards.

Europe Aviation Fuel Card Market Overview

Developed nations such as Germany, and France are heavily developing sustainable aviation fuel, which is generating lucrative opportunities for the aviation fuel card market. In September 2023, DHL Group, Sasol Ltd., and HH2E AG collaborated to develop sustainable, hydrogen-based aviation fuels in Germany to help cut carbon emissions, with Airbus SE planning to join the project later. Considering the thin margins and benefits offered by aviation fuel cards, the adoption and usage of aviation fuel card is projected to increase during 2022-2030.

Germany, France, and the UK are estimated to acquire a major share of the Europe aviation fuel card market. One of the primary factors for the market growth is high fuel consumption in the UK, Germany, and France. Germany is a world leader in aviation and aerospace technology. According to the Federal Statistical Office (Destatis), the number of people arriving or departing German airports in 2022 was more than double that of 2021. The aviation fuel card market in France is mainly driven by the widely spread fuel card network by fuel-producing companies such as Total Energies and Air BP. Total Energies offers its services to private and commercial aviation sectors. Total Energies Jet A-1 aviation fuel card is currently active in approximately 100 airports in France. The UK aviation fuel card market is driven by a variety of factors, such as increased aviation fuel consumption, a rise in preference for sustainable fuel, and key players’ activities. In August 2023, Avfuel added London Southend Jet Centre, the airport-owned and operated FBO at London Southend Airport (EGMC), to its European dealer network. Since 2019, the aviation industry in Russia has experienced negative growth in air travel. Reduced air traffic negatively impacted fuel consumption, ultimately affecting the aviation fuel card market. New issuance of aviation fuel cards since 2019 has decreased notably, owing to negative growth of the aviation industry and aviation market in Russia.

Europe Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)

Europe Aviation Fuel Card Market Segmentation

The Europe aviation fuel card market is categorized into type, application, and country.

Based on type, the Europe aviation fuel card market is bifurcated into merchant and branded. The merchant segment held a larger Europe aviation fuel card market share in 2022.

In terms of application, the Europe aviation fuel card market is bifurcated into commercial and private. The commercial segment held a larger Europe aviation fuel card market share in 2022.

By country, the Europe aviation fuel card market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. The UK dominated the Europe aviation fuel card market share in 2022.

Shell Plc, BP Plc, Associated Energy Group LLC, TITAN Aviation Fuels Inc, TotalEnergies SE, and Multi Service Corp are among the leading companies operating in the Europe aviation fuel card market.

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At 9.8% CAGR, Europe Aviation Fuel Card Market is Speculated to be Worth US$ 1,087.93 Million by 2030, says the Research Team

According to the Research Team’ research, the Europe aviation fuel card market was valued at US$ 516.07 million in 2022 and is expected to reach US$ 1,087.93 million by 2030, recording a CAGR of 9.8% from 2022 to 2030. Rising investments in new airport and fixed base operator center construction and growing adoption of sustainable aviation fuel are among the critical factors attributed to drive the Europe aviation fuel card market growth.

The need for sustainable aviation fuel is growing significantly to reduce carbon emissions in the aviation industry. Sustainable aviation fuel (SAF) is an alternative jet fuel derived from renewable and waste feedstocks that can reduce greenhouse gas emissions during its entire lifecycle. Thirty-eight of the world’s largest airlines have pledged to reach net-zero emissions targets by 2050 or before, Alaska Airlines, American Airlines, Delta, JetBlue, Southwest, and United Airlines are some of them. According to Bloomberg’s Economic Transition study, the demand for sustainable aviation fuel is likely to reach 7 billion gallons by 2030, accounting for 5% of worldwide jet fuel demand. Many fuel producers and airline operators are taking initiatives to develop and adopt sustainable aviation fuel.

In 2023, Neste assisted the Trollhättan-Vänersborg airport and the airline Västflyg to become the world’s first airline to use sustainable aviation fuel on all flights. Aviation fuel card suppliers can expand their business by offering attractive offers and discounts on the purchase of sustainable aviation fuel. This will ultimately lead to higher adoption and usage of aviation fuel cards. Further, by partnership with fixed-based operators, fuel card service providers can expand the network to supply sustainable aviation fuel. Thus, the rise in sustainable aviation fuel transactions is anticipated to have ample opportunities for the aviation fuel card market growth during the forecast period.

On the contrary, presence of alternative payment methods hamper the growth of Europe aviation fuel card market.

Based on type, the Europe aviation fuel card market is bifurcated into merchant and branded. The merchant segment held 73.4% Europe aviation fuel card market share in 2022, amassing US$ 378.54 million. It is projected to garner US$ 810.54 million by 2030 to register 10.0% CAGR during 2022-2030.

In terms of application, the Europe aviation fuel card market is bifurcated into commercial and private. The commercial segment held 82.7% share of Europe aviation fuel card market in 2022, amassing US$ 426.72 million. It is anticipated to garner US$ 915.97 million by 2030 to expand at 10.0% CAGR during 2022-2030.

Based on country, the Europe aviation fuel card market is categorized into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 23.4% share of Europe aviation fuel card market in 2022. It was assessed at US$ 120.65 million in 2022 and is likely to hit US$ 229.55 million by 2030, registering a CAGR of 8.4% during 2022-2030.

Key players operating in the Europe aviation fuel card market are Shell Plc, BP Plc, Associated Energy Group LLC, TITAN Aviation Fuels Inc, TotalEnergies SE, and Multi Service Corp, among others.

In September 2022, Air bp, the international aviation fuel products and services supplier, is now offering Jet-A1 fuel at Berlin Brandenburg Airport’s (BER) General Aviation (GA) terminal in a newly agreed agency collaboration with ExecuJet. Air will bp will refuel aircraft at the GA terminal supported by two Air bp tankers.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe aviation fuel card market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe aviation fuel card market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe aviation fuel card market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Aviation Fuel Card Market Landscape
4.1 Overview
4.2 PORTER Analysis
4.3 Ecosystem Analysis
4.3.1 Fuel Card Suppliers
4.3.1.1 Branded Fuel Card Suppliers
4.3.1.2 Merchant Fuel Card Suppliers
4.3.2 End Users
4.3.3 List of Aviation Fuel Card Suppliers
5. Europe Aviation Fuel Card Market – Key Industry Dynamics
5.1 Europe Aviation Fuel Card Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rising Fuel Consumption
5.2.2 Growing Demand for the Cost Optimization Using Fuel Cards
5.3 Market Restraints
5.3.1 Presence of Alternative Payment Methods
5.4 Market Opportunities
5.4.1 Growing Adoption of Sustainable Aviation Fuel
5.5 Future Trends
5.5.1 Rising Investments in New Airport and Fixed Base Operator Center Construction
5.6 Impact of Drivers and Restraints:
6. Aviation Fuel Card Market – Europe Market Analysis
6.1 Europe Aviation Fuel Card Market Revenue (US$ Million), 2020-2030
6.2 Europe Aviation Fuel Card Market Forecast and Analysis
7. Europe Aviation Fuel Card Market Analysis – Type
7.1 Merchant
7.1.1 Overview
7.1.2 Merchant: Europe Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
7.2 Branded
7.2.1 Overview
7.2.2 Branded: Europe Aviation Fuel Card Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Aviation Fuel Card Market Analysis – Application
8.1 Commercial
8.1.1 Overview
8.1.2 Commercial: Europe Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
8.2 Private
8.2.1 Overview
8.2.2 Private: Europe Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
9. Europe Aviation Fuel Card Market – Country Analysis
9.1 Europe
9.1.1 Europe Aviation Fuel Card Market Overview
9.1.2 Europe Aviation Fuel Card Market Revenue and Forecasts and Analysis – By Country
9.1.2.1 Europe Aviation Fuel Card Market Revenue and Forecasts and Analysis – By Country
9.1.2.2 France Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 France Aviation Fuel Card Market Breakdown by Type
9.1.2.2.2 France Aviation Fuel Card Market Breakdown by Application
9.1.2.3 Germany Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Germany Aviation Fuel Card Market Breakdown by Type
9.1.2.3.2 Germany Aviation Fuel Card Market Breakdown by Application
9.1.2.4 Italy Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Italy Aviation Fuel Card Market Breakdown by Type
9.1.2.4.2 Italy Aviation Fuel Card Market Breakdown by Application
9.1.2.5 UK Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 UK Aviation Fuel Card Market Breakdown by Type
9.1.2.5.2 UK Aviation Fuel Card Market Breakdown by Application
9.1.2.6 Russia Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 Russia Aviation Fuel Card Market Breakdown by Type
9.1.2.6.1.1 Russia Aviation Fuel Card Market Breakdown by Application
9.1.2.7 Rest of Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.7.1 Rest of Europe Aviation Fuel Card Market Breakdown by Type
9.1.2.7.2 Rest of Europe Aviation Fuel Card Market Breakdown by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Product Development
10.4 Mergers & Acquisitions
11. Company Profiles
11.1 Shell Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 BP Plc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Associated Energy Group LLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 TITAN Aviation Fuels Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 TotalEnergies SE
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Multi Service Corp
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 Word Index

LIST OF TABLES

Table 1. Europe Aviation Fuel Card Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 5. Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. France Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 8. France Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 9. Germany Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 10. Germany Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 11. Italy Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 12. Italy Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. UK Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 14. UK Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 15. Russia Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 16. Russia Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 17. Rest of Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 18. Rest of Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 19. List of Abbreviation
 

LIST OF FIGURES

Figure 1. Europe Aviation Fuel Card Market Segmentation, By Country
Figure 2. PORTER Analysis
Figure 3. Ecosystem: Europe Aviation Fuel Card Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Aviation Fuel Card Market Revenue (US$ Million), 2020-2030
Figure 6. Europe Aviation Fuel Card Market Share (%) – Type, 2022 and 2030
Figure 7. Merchant: Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Branded: Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Europe Aviation Fuel Card Market Share (%) – Application, 2022 and 2030
Figure 10. Commercial: Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Private: Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Europe Aviation Fuel Card Market Revenue, by Key Countries, (2022)(US$ Mn)
Figure 13. Europe Aviation Fuel Card Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 14. France Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 15. Germany Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 16. Italy Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 17. UK Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 18. Russia Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Rest of Europe Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)

1. Associated Energy Group LLC
2. BP Plc
3. Multi Service Corp
4. Shell Plc
5. TITAN Aviation Fuels Inc
6. TotalEnergies SE

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