North America Aviation Fuel Card Market Forecast to 2030 - Regional Analysis - by Type (Merchant and Branded) and Application (Commercial and Private)
The North America Aviation fuel card market was valued at US$ 1,361.79 million in 2022 and is expected to reach US$ 2,522.51 million by 2030; it is estimated to register a CAGR of 8.0% from 2022 to 2030.
Rising Fuel Consumption Drives North America Aviation Fuel Card Market
Due to the high demand for air travel, overall fuel consumption has increased. In 2022, US airlines carried 194 million more passengers than in 2021, an increase of 30% year on year. From January to December of 2022, US airlines handled 853 million passengers, up from 658 million in 2021 and 388 million in 2020.
According to the data published by the International Council on Clean Transportation in 2019, in 2018, domestic airlines in the US consumed 12.5 billion gallons of fuel, a 17% increase since 2009. As per forecasts provided by the US Department of Energy in 2020, the global commercial jet fuel market, which currently consumes 106 billion gallons, is expected to grow more than 230 billion gallons by 2050. Thus, the above statistics indicate that fuel consumption is increasing with a rise in air travel. Historically, the aviation industry has paid for fuel in a variety of ways, depending on the fuel industry's economic conditions and agreements in existence. Airlines and other aviation industries frequently purchase fuel on the spot market, either directly from oil companies or through fuel brokers. However, traditional methods are way more expensive as many stakeholders were present in the process. Fuel card has enabled the airline to purchase directly from certified suppliers or the production company. In addition, fuel card allows fuel consumption and tracking, which further helps consumption optimization. Thus, growing air travel has increased overall fuel consumption, which drives the adoption of fuel cards owing to various benefits such as discounts, cost tracking, and fuel quality.
North America Aviation Fuel Card Market Overview
Developed nations such as the US is heavily developing sustainable aviation fuel, which is generating lucrative opportunities for the aviation fuel card market. As per the U.S. Government Accountability Office, in recent years, sustainable aviation fuel production and use in the US has increased; this fuel is now used by airlines at two major commercial airports in California. While the US produced 15.8 million gallons in 2022, it contributed to less than 0.1% of total jet fuel utilized by major U.S. airlines. Considering the thin margins and benefits offered by aviation fuel cards, the adoption and usage of aviation fuel card is projected to increase during the forecast period.
North America Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
North America Aviation Fuel Card Market Segmentation
The North America aviation fuel card market is categorized into type, application, and country.
Based on type, the North America aviation fuel card market is bifurcated into merchant and branded. The merchant segment held a larger North America aviation fuel card market share in 2022.
In terms of application, the North America aviation fuel card market is bifurcated into commercial and private. The commercial segment held a larger North America aviation fuel card market share in 2022.
By country, the North America aviation fuel card market is segmented into the US, Canada, and Mexico. The US dominated the North America aviation fuel card market share in 2022.
Shell Plc, BP Plc, Associated Energy Group LLC, TITAN Aviation Fuels Inc, CSI Enterprises Inc, TotalEnergies SE, EPIC Aviation LLC, Kropp Holdings Inc, Avfuel Corp, and Multi Service Corp. are among the leading companies operating in the North America aviation fuel card market.
Rising Fuel Consumption Drives North America Aviation Fuel Card Market
Due to the high demand for air travel, overall fuel consumption has increased. In 2022, US airlines carried 194 million more passengers than in 2021, an increase of 30% year on year. From January to December of 2022, US airlines handled 853 million passengers, up from 658 million in 2021 and 388 million in 2020.
According to the data published by the International Council on Clean Transportation in 2019, in 2018, domestic airlines in the US consumed 12.5 billion gallons of fuel, a 17% increase since 2009. As per forecasts provided by the US Department of Energy in 2020, the global commercial jet fuel market, which currently consumes 106 billion gallons, is expected to grow more than 230 billion gallons by 2050. Thus, the above statistics indicate that fuel consumption is increasing with a rise in air travel. Historically, the aviation industry has paid for fuel in a variety of ways, depending on the fuel industry's economic conditions and agreements in existence. Airlines and other aviation industries frequently purchase fuel on the spot market, either directly from oil companies or through fuel brokers. However, traditional methods are way more expensive as many stakeholders were present in the process. Fuel card has enabled the airline to purchase directly from certified suppliers or the production company. In addition, fuel card allows fuel consumption and tracking, which further helps consumption optimization. Thus, growing air travel has increased overall fuel consumption, which drives the adoption of fuel cards owing to various benefits such as discounts, cost tracking, and fuel quality.
North America Aviation Fuel Card Market Overview
Developed nations such as the US is heavily developing sustainable aviation fuel, which is generating lucrative opportunities for the aviation fuel card market. As per the U.S. Government Accountability Office, in recent years, sustainable aviation fuel production and use in the US has increased; this fuel is now used by airlines at two major commercial airports in California. While the US produced 15.8 million gallons in 2022, it contributed to less than 0.1% of total jet fuel utilized by major U.S. airlines. Considering the thin margins and benefits offered by aviation fuel cards, the adoption and usage of aviation fuel card is projected to increase during the forecast period.
North America Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
North America Aviation Fuel Card Market Segmentation
The North America aviation fuel card market is categorized into type, application, and country.
Based on type, the North America aviation fuel card market is bifurcated into merchant and branded. The merchant segment held a larger North America aviation fuel card market share in 2022.
In terms of application, the North America aviation fuel card market is bifurcated into commercial and private. The commercial segment held a larger North America aviation fuel card market share in 2022.
By country, the North America aviation fuel card market is segmented into the US, Canada, and Mexico. The US dominated the North America aviation fuel card market share in 2022.
Shell Plc, BP Plc, Associated Energy Group LLC, TITAN Aviation Fuels Inc, CSI Enterprises Inc, TotalEnergies SE, EPIC Aviation LLC, Kropp Holdings Inc, Avfuel Corp, and Multi Service Corp. are among the leading companies operating in the North America 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. NORTH 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. NORTH AMERICA AVIATION FUEL CARD MARKET - KEY INDUSTRY DYNAMICS
5.1 North 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 - NORTH AMERICA MARKET ANALYSIS
6.1 North America Aviation Fuel Card Market Revenue (US$ Million), 2020 - 2030
6.2 North America Aviation Fuel Card Market Forecast and Analysis
7. NORTH AMERICA AVIATION FUEL CARD MARKET ANALYSIS - TYPE
7.1 Merchant
7.1.1 Overview
7.1.2 Merchant: North America Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
7.2 Branded
7.2.1 Overview
7.2.2 Branded: North America Aviation Fuel Card Market, Revenue and Forecast to 2030 (US$ Million)
8. NORTH AMERICA AVIATION FUEL CARD MARKET ANALYSIS - APPLICATION
8.1 Commercial
8.1.1 Overview
8.1.2 Commercial : North America Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
8.2 Private
8.2.1 Overview
8.2.2 Private : North America Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
9. NORTH AMERICA AVIATION FUEL CARD MARKET - COUNTRY ANALYSIS
9.1 Overview
9.1.1 North America Aviation Fuel Card Market Overview
9.1.2 North America Aviation Fuel Card Market Revenue and Forecasts and Analysis - By Country
9.1.2.1 North America Aviation Fuel Card Market Revenue and Forecasts and Analysis - By Country
9.1.2.2 US Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 US Aviation Fuel Card Market Breakdown by Type
9.1.2.2.2 US Aviation Fuel Card Market Breakdown by Application
9.1.2.3 Canada Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Canada Aviation Fuel Card Market Breakdown by Type
9.1.2.3.2 Canada Aviation Fuel Card Market Breakdown by Application
9.1.2.4 Mexico Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Mexico Aviation Fuel Card Market Breakdown by Type
9.1.2.4.2 Mexico 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 CSI Enterprises Inc
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 TotalEnergies SE
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
11.7 EPIC Aviation LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Kropp Holdings Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Avfuel Corp
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Multi Service Corp
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 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. NORTH 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. NORTH AMERICA AVIATION FUEL CARD MARKET - KEY INDUSTRY DYNAMICS
5.1 North 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 - NORTH AMERICA MARKET ANALYSIS
6.1 North America Aviation Fuel Card Market Revenue (US$ Million), 2020 - 2030
6.2 North America Aviation Fuel Card Market Forecast and Analysis
7. NORTH AMERICA AVIATION FUEL CARD MARKET ANALYSIS - TYPE
7.1 Merchant
7.1.1 Overview
7.1.2 Merchant: North America Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
7.2 Branded
7.2.1 Overview
7.2.2 Branded: North America Aviation Fuel Card Market, Revenue and Forecast to 2030 (US$ Million)
8. NORTH AMERICA AVIATION FUEL CARD MARKET ANALYSIS - APPLICATION
8.1 Commercial
8.1.1 Overview
8.1.2 Commercial : North America Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
8.2 Private
8.2.1 Overview
8.2.2 Private : North America Aviation Fuel Card Market Revenue and Forecast to 2030 (US$ Million)
9. NORTH AMERICA AVIATION FUEL CARD MARKET - COUNTRY ANALYSIS
9.1 Overview
9.1.1 North America Aviation Fuel Card Market Overview
9.1.2 North America Aviation Fuel Card Market Revenue and Forecasts and Analysis - By Country
9.1.2.1 North America Aviation Fuel Card Market Revenue and Forecasts and Analysis - By Country
9.1.2.2 US Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 US Aviation Fuel Card Market Breakdown by Type
9.1.2.2.2 US Aviation Fuel Card Market Breakdown by Application
9.1.2.3 Canada Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Canada Aviation Fuel Card Market Breakdown by Type
9.1.2.3.2 Canada Aviation Fuel Card Market Breakdown by Application
9.1.2.4 Mexico Aviation Fuel Card Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Mexico Aviation Fuel Card Market Breakdown by Type
9.1.2.4.2 Mexico 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 CSI Enterprises Inc
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 TotalEnergies SE
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
11.7 EPIC Aviation LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Kropp Holdings Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Avfuel Corp
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Multi Service Corp
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. APPENDIX
12.1 Word Index
