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South & Central America Aviation Fuel Card Market Forecast to 2030
South & Central America Aviation Fuel Card Market Forecast to 2030 – Regional Analysis – by Type (Merchant and Branded) and Application (Commercial and Private)
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Description
Growing Adoption of Sustainable Aviation Fuel Boosts South & Central America Aviation Fuel Card Market
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.
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 forecast period.
South & Central America Aviation Fuel Card Market Overview
The South America aviation fuel card market is still in the developing stage. The overall aviation industry in South America is growing at a notable growth rate. In Brazil, the average daily consumption of jet fuel in 2016 was 116,000 barrels, which reached 123,000 barrels in 2018. Higher fuel consumption of Brazilian airlines led to the adoption of aviation fuel cards for operational capital optimization in the aviation industry. The overall aviation and aviation-related industries in Argentina are smaller and are in the developing stage compared to Brazil. Argentina had ~35,000 passengers per day on average across 23 airports in late 2022. According to the most recent Aerocivil figures, Colombia had 22.6 million passengers in 2022, up from 19.5 million in the same period in 2019. Many aviation fuel and related companies are focusing on business expansion strategies in South American countries.
South & Central America Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Aviation Fuel Card Market Segmentation
The South & Central America aviation fuel card market is categorized into type, application, and country.
Based on type, the South & Central America aviation fuel card market is bifurcated into merchant and branded. The merchant segment held a larger South & Central America aviation fuel card market share in 2022.
In terms of application, the South & Central America aviation fuel card market is bifurcated into commercial and private. The commercial segment held a larger South & Central America aviation fuel card market share in 2022.
By country, the South & Central America aviation fuel card market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America aviation fuel card market share in 2022.
Shell Plc, BP Plc, Associated Energy Group LLC, TITAN Aviation Fuels Inc, and TotalEnergies SE are among the leading companies operating in the South & Central America aviation fuel card market.
Summary Info
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According to the Research Team’ research, the South & Central America aviation fuel card market was valued at US$ 91.80 million in 2022 and is expected to reach US$ 164.33 million by 2030, recording a CAGR of 7.6% 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 South & Central America aviation fuel card market growth.
Various developed and developing countries across the globe are focusing on increasing their total number of airports. These new projects are projected to attract high air traffic in the coming years. Increased air traffic at the newly built airports will lead to increased refueling and ancillary service activities, ultimately leading to high usage of aviation fuel cards. Aviation fuel card service providers, by partnering with the newly built fixed base operators, can support the network expansion as well as increase the overall usage of aviation fuel cards. Aviation fuel-producing companies can expand their aviation fuel sales by offering lucrative offers and discounts on their aviation fuel card usage at the new airports. Thus, rising investments in new airport and fixed base operator center construction is projected to create lucrative opportunities to expand their network and service offerings, which is anticipated to fuel the aviation fuel card market during forecast period.
On the contrary, presence of alternative payment methods hamper the growth of South & Central America aviation fuel card market.
Based on type, the South & Central America aviation fuel card market is bifurcated into merchant and branded. The merchant segment held 72.7% South & Central America aviation fuel card market share in 2022, amassing US$ 66.75 million. It is projected to garner US$ 121.01 million by 2030 to register 7.7% CAGR during 2022-2030.
In terms of application, the South & Central America aviation fuel card market is bifurcated into commercial and private. The commercial segment held 82.4% share of South & Central America aviation fuel card market in 2022, amassing US$ 75.62 million. It is anticipated to garner US$ 136.43 million by 2030 to expand at 7.7% CAGR during 2022-2030.
Based on country, the South & Central America aviation fuel card market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 53.0% share of South & Central America aviation fuel card market in 2022. It was assessed at US$ 48.67 million in 2022 and is likely to hit US$ 88.57 million by 2030, registering a CAGR of 7.8% during 2022-2030.
Key players operating in the South & Central America aviation fuel card market are Shell Plc, BP Plc, Associated Energy Group LLC, TITAN Aviation Fuels Inc, and TotalEnergies SE, among others.
At 7.6% CAGR, South & Central America Aviation Fuel Card Market is Speculated to be Worth US$ 164.33 Million by 2030, says the Research Team
According to the Research Team’ research, the South & Central America aviation fuel card market was valued at US$ 91.80 million in 2022 and is expected to reach US$ 164.33 million by 2030, recording a CAGR of 7.6% 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 South & Central America aviation fuel card market growth.
Various developed and developing countries across the globe are focusing on increasing their total number of airports. These new projects are projected to attract high air traffic in the coming years. Increased air traffic at the newly built airports will lead to increased refueling and ancillary service activities, ultimately leading to high usage of aviation fuel cards. Aviation fuel card service providers, by partnering with the newly built fixed base operators, can support the network expansion as well as increase the overall usage of aviation fuel cards. Aviation fuel-producing companies can expand their aviation fuel sales by offering lucrative offers and discounts on their aviation fuel card usage at the new airports. Thus, rising investments in new airport and fixed base operator center construction is projected to create lucrative opportunities to expand their network and service offerings, which is anticipated to fuel the aviation fuel card market during forecast period.
On the contrary, presence of alternative payment methods hamper the growth of South & Central America aviation fuel card market.
Based on type, the South & Central America aviation fuel card market is bifurcated into merchant and branded. The merchant segment held 72.7% South & Central America aviation fuel card market share in 2022, amassing US$ 66.75 million. It is projected to garner US$ 121.01 million by 2030 to register 7.7% CAGR during 2022-2030.
In terms of application, the South & Central America aviation fuel card market is bifurcated into commercial and private. The commercial segment held 82.4% share of South & Central America aviation fuel card market in 2022, amassing US$ 75.62 million. It is anticipated to garner US$ 136.43 million by 2030 to expand at 7.7% CAGR during 2022-2030.
Based on country, the South & Central America aviation fuel card market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 53.0% share of South & Central America aviation fuel card market in 2022. It was assessed at US$ 48.67 million in 2022 and is likely to hit US$ 88.57 million by 2030, registering a CAGR of 7.8% during 2022-2030.
Key players operating in the South & Central America aviation fuel card market are Shell Plc, BP Plc, Associated Energy Group LLC, TITAN Aviation Fuels Inc, and TotalEnergies SE, among others.
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 South & Central America 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 South & Central America market trends and outlook coupled with the factors driving the South & Central America 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. South & Central America 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. South & Central America Aviation Fuel Card Market – Key Industry Dynamics
5.1 South & Central America 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 – South & Central America Market Analysis
6.1 South & Central America Aviation Fuel Card Market Revenue (US$ Million), 2020-2030
6.2 South & Central America Aviation Fuel Card Market Forecast and Analysis
7. South & Central America Aviation Fuel Card Market Analysis – Type
7.1 Merchant
7.1.1 Overview
7.1.2 Merchant: South & Central America Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
7.2 Branded
7.2.1 Overview
7.2.2 Branded: South & Central America Aviation Fuel Card Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Aviation Fuel Card Market Analysis – Application
8.1 Commercial
8.1.1 Overview
8.1.2 Commercial : South & Central America Aviation Fuel Card Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Private
8.2.1 Overview
8.2.2 Private : South & Central America Aviation Fuel Card Market Revenue, and Forecast to 2030 (US$ Million)
9. South & Central America Aviation Fuel Card Market – Country Analysis
9.1 South & Central America: Aviation Fuel Card Market
9.1.1 South & Central America: Aviation Fuel Card Market- by Key Country
9.1.1.1 Brazil: Aviation Fuel Card Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 Brazil: Aviation Fuel Card Market- By Type
9.1.1.1.2 Brazil: Aviation Fuel Card Market- By Application
9.1.1.2 Argentina: Aviation Fuel Card Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Argentina: Aviation Fuel Card Market- By Type
9.1.1.2.2 Argentina: Aviation Fuel Card Market- By Application
9.1.1.3 Rest of South & Central America: Aviation Fuel Card Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Rest of South & Central America: Aviation Fuel Card Market- By Type
9.1.1.3.2 Rest of South & Central America: Aviation Fuel Card Market- 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
12. Appendix
12.1 Word Index
LIST OF TABLES
Table 2. List of Vendors in the Value Chain
Table 3. South & Central America Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. South & Central America Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 5. South & Central America Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. South & Central America: Aviation Fuel Card Market- By Key Country – Revenue and Forecast to 2030 (US$ Million)
Table 7. Brazil: Aviation Fuel Card Market- By Type -Revenue and Forecast to 2030 (US$ Million)
Table 8. Brazil: Aviation Fuel Card Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 9. Argentina: Aviation Fuel Card Market- By Type -Revenue and Forecast to 2030 (US$ Million)
Table 10. Argentina: Aviation Fuel Card Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 11. Rest of South & Central America: Aviation Fuel Card Market- By Type -Revenue and Forecast to 2030 (US$ Million)
Table 12. Rest of South & Central America: Aviation Fuel Card Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 13. List of Abbreviation
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LIST OF FIGURES
Figure 2. PORTER Analysis
Figure 3. Ecosystem: South & Central America Aviation Fuel Card Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Aviation Fuel Card Market Revenue (US$ Million), 2020-2030
Figure 6. South & Central America Aviation Fuel Card Market Share (%) – Type, 2022 and 2030
Figure 7. Merchant: South & Central America Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Branded: South & Central America Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. South & Central America Aviation Fuel Card Market Share (%) – Application, 2022 and 2030
Figure 10. Commercial : South & Central America Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Private : South & Central America Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. South & Central America: Aviation Fuel Card Market Revenue, By Key Country (2022) (US$ Mn)
Figure 13. South & Central America: Aviation Fuel Card Market Revenue Share, By Key Country (2022 and 2030)
Figure 14. Brazil: Aviation Fuel Card Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Argentina: Aviation Fuel Card Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Rest of South & Central America: Aviation Fuel Card Market – Revenue and Forecast to 2030 (US$ Million)
1. Shell Plc
2. BP Plc
3. Associated Energy Group LLC
4. TITAN Aviation Fuels Inc
5. TotalEnergies SE
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