Middle East & Africa Aviation Fuel Card Market Forecast to 2030 - Regional Analysis - by Type (Merchant and Branded) and Application (Commercial and Private).
The Middle East & Africa Aviation fuel card market was valued at US$ 163.22 million in 2022 and is expected to reach US$ 268.93 million by 2030; it is estimated to register a CAGR of 6.4% from 2022 to 2030.
Rising Investments in New Airport and Fixed Base Operator Center Construction Drive Middle East & Africa Aviation Fuel Card Market
Various developed and developing countries across the globe are focusing on increasing their total number of airports. In 2023, Saudi Arabia announced the expansion of its domestic aviation industry, which will require an investment of US$ 100 billion.
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.
Middle East & Africa Aviation Fuel Card Market Overview
The Middle East is home to a few of the largest petroleum refineries. Many global fuel refineries have a strong network in the region that has helped these companies in the market penetration, adoption, and usage of the aviation fuel card market. Apart from the strong network, constant growth in air transportation has driven the aviation fuel card market in the region. In the Kingdom of Saudi Arabia, over 690 routes are registered for both domestic and international travel. There are currently 141 domestic routes available. The aviation fuel card market in South Africa is mainly driven by the presence of aviation fuel producers. Air BP made deals with fixed-base operators and flight planning companies to expand its operation and aviation fuel market share in South Africa. Thus, with the presence of large fuel producers that offer fuel card services and the constant growth of air transportation in the region, the adoption of aviation fuel cards is increasing.
Middle East & Africa Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Aviation Fuel Card Market Segmentation
The Middle East & Africa aviation fuel card market is categorized into type, application, and country.
Based on type, the Middle East & Africa aviation fuel card market is bifurcated into merchant and branded. The merchant segment held a larger Middle East & Africa aviation fuel card market share in 2022.
In terms of application, the Middle East & Africa aviation fuel card market is bifurcated into commercial and private. The commercial segment held a larger Middle East & Africa aviation fuel card market share in 2022.
By country, the Middle East & Africa aviation fuel card market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa 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 Middle East & Africa aviation fuel card market.
Rising Investments in New Airport and Fixed Base Operator Center Construction Drive Middle East & Africa Aviation Fuel Card Market
Various developed and developing countries across the globe are focusing on increasing their total number of airports. In 2023, Saudi Arabia announced the expansion of its domestic aviation industry, which will require an investment of US$ 100 billion.
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.
Middle East & Africa Aviation Fuel Card Market Overview
The Middle East is home to a few of the largest petroleum refineries. Many global fuel refineries have a strong network in the region that has helped these companies in the market penetration, adoption, and usage of the aviation fuel card market. Apart from the strong network, constant growth in air transportation has driven the aviation fuel card market in the region. In the Kingdom of Saudi Arabia, over 690 routes are registered for both domestic and international travel. There are currently 141 domestic routes available. The aviation fuel card market in South Africa is mainly driven by the presence of aviation fuel producers. Air BP made deals with fixed-base operators and flight planning companies to expand its operation and aviation fuel market share in South Africa. Thus, with the presence of large fuel producers that offer fuel card services and the constant growth of air transportation in the region, the adoption of aviation fuel cards is increasing.
Middle East & Africa Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Aviation Fuel Card Market Segmentation
The Middle East & Africa aviation fuel card market is categorized into type, application, and country.
Based on type, the Middle East & Africa aviation fuel card market is bifurcated into merchant and branded. The merchant segment held a larger Middle East & Africa aviation fuel card market share in 2022.
In terms of application, the Middle East & Africa aviation fuel card market is bifurcated into commercial and private. The commercial segment held a larger Middle East & Africa aviation fuel card market share in 2022.
By country, the Middle East & Africa aviation fuel card market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa 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 Middle East & Africa aviation fuel card market.
1. INTRODUCTION
1.1 The Insight Partners 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. MIDDLE EAST & AFRICA 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. MIDDLE EAST & AFRICA AVIATION FUEL CARD MARKET - KEY INDUSTRY DYNAMICS
5.1 Middle East & Africa 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 - MIDDLE EAST & AFRICA MARKET ANALYSIS
6.1 Middle East & Africa Aviation Fuel Card Market Revenue (US$ Million), 2020 - 2030
6.2 Middle East & Africa Aviation Fuel Card Market Forecast and Analysis
7. MIDDLE EAST & AFRICA AVIATION FUEL CARD MARKET ANALYSIS - TYPE
7.1 Merchant
7.1.1 Overview
7.1.2 Merchant: Middle East & Africa Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
7.2 Branded
7.2.1 Overview
7.2.2 Branded: Middle East & Africa Aviation Fuel Card Market, Revenue and Forecast to 2030 (US$ Million)
8. MIDDLE EAST & AFRICA AVIATION FUEL CARD MARKET ANALYSIS - APPLICATION
8.1 Commercial
8.1.1 Overview
8.1.2 Commercial : Middle East & Africa Aviation Fuel Card Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Private
8.2.1 Overview
8.2.2 Private : Middle East & Africa Aviation Fuel Card Market Revenue, and Forecast to 2030 (US$ Million)
9. MIDDLE EAST & AFRICA AVIATION FUEL CARD MARKET - COUNTRY ANALYSIS
9.1 Middle East & Africa: Aviation Fuel Card Market
9.1.1 Middle East & Africa: Aviation Fuel Card Market- by Key Country
9.1.1.1 Saudi Arabia: Aviation Fuel Card Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 Saudi Arabia: Aviation Fuel Card Market- By Type
9.1.1.1.2 Saudi Arabia: Aviation Fuel Card Market- By Application
9.1.1.2 UAE: Aviation Fuel Card Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 UAE: Aviation Fuel Card Market- By Type
9.1.1.2.2 UAE: Aviation Fuel Card Market- By Application
9.1.1.3 South Africa: Aviation Fuel Card Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 South Africa: Aviation Fuel Card Market- By Type
9.1.1.3.2 South Africa: Aviation Fuel Card Market- By Application
9.1.1.4 Rest of Middle East & Africa: Aviation Fuel Card Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Rest of Middle East & Africa: Aviation Fuel Card Market- By Type
9.1.1.4.2 Rest of Middle East & Africa: 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
1.1 The Insight Partners 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. MIDDLE EAST & AFRICA 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. MIDDLE EAST & AFRICA AVIATION FUEL CARD MARKET - KEY INDUSTRY DYNAMICS
5.1 Middle East & Africa 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 - MIDDLE EAST & AFRICA MARKET ANALYSIS
6.1 Middle East & Africa Aviation Fuel Card Market Revenue (US$ Million), 2020 - 2030
6.2 Middle East & Africa Aviation Fuel Card Market Forecast and Analysis
7. MIDDLE EAST & AFRICA AVIATION FUEL CARD MARKET ANALYSIS - TYPE
7.1 Merchant
7.1.1 Overview
7.1.2 Merchant: Middle East & Africa Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
7.2 Branded
7.2.1 Overview
7.2.2 Branded: Middle East & Africa Aviation Fuel Card Market, Revenue and Forecast to 2030 (US$ Million)
8. MIDDLE EAST & AFRICA AVIATION FUEL CARD MARKET ANALYSIS - APPLICATION
8.1 Commercial
8.1.1 Overview
8.1.2 Commercial : Middle East & Africa Aviation Fuel Card Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Private
8.2.1 Overview
8.2.2 Private : Middle East & Africa Aviation Fuel Card Market Revenue, and Forecast to 2030 (US$ Million)
9. MIDDLE EAST & AFRICA AVIATION FUEL CARD MARKET - COUNTRY ANALYSIS
9.1 Middle East & Africa: Aviation Fuel Card Market
9.1.1 Middle East & Africa: Aviation Fuel Card Market- by Key Country
9.1.1.1 Saudi Arabia: Aviation Fuel Card Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 Saudi Arabia: Aviation Fuel Card Market- By Type
9.1.1.1.2 Saudi Arabia: Aviation Fuel Card Market- By Application
9.1.1.2 UAE: Aviation Fuel Card Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 UAE: Aviation Fuel Card Market- By Type
9.1.1.2.2 UAE: Aviation Fuel Card Market- By Application
9.1.1.3 South Africa: Aviation Fuel Card Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 South Africa: Aviation Fuel Card Market- By Type
9.1.1.3.2 South Africa: Aviation Fuel Card Market- By Application
9.1.1.4 Rest of Middle East & Africa: Aviation Fuel Card Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Rest of Middle East & Africa: Aviation Fuel Card Market- By Type
9.1.1.4.2 Rest of Middle East & Africa: 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
