The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
"Fuel Cards in Lithuania 2017", is invaluable for issuers of fleet cards, fuel retailers, fleet leasing companies and other suppliers to the sector. Based on research with issuers and fuel retailers it provides commercial (B2B) fuel card volume (split by fleet and CRT), value and market share forecasts to 2022, key data on independent and oil company card issuers and an analysis of fuel card competition in Lithuania.
Over 2,500 new fuel cards will be issued between 2017 and 2022, totalling to 164,376 cards in the market.
- Demand for fuel cards from fleets will rise over the next five years as they attempt to reduce transport costs due to heightened competition across Eastern Europe.
- The total number of service stations in Lithuania decreased by 3.5% in 2016 totalling 884 service stations.
- Over 2,500 new fuel cards will be issued between 2017 and 2022, totalling to 164,376 cards in the market.
- Total fleet card volumes rose by 5.7% in 2016 to total 239.2m litres continuing the upward trend started in 2014.
- Viada is the largest fleet and CRT card operator in Lithuania selling 28.9% of fleet volumes and 25.2% of CRT volumes sold in 2016.
Reasons To Buy
- Plan effective market entry strategies by uncovering current and future volumes and values of the Lithuanian fuel card market.
- Assess whether you should increase network acceptance of your card and identify potential new merchants by uncovering the position of competitors.
- Whether you are an issuer, a processor, a leasing company or a fuel retailer, make informed pitches to partners by understanding their business.
- Enhance fuel sales at your service stations by identifying which fuel cards you should accept based on their market shares and network acceptance.