Covid-19 has impacted the fleet card Industry – how will you respond?

Mercator Advisory Group released a report covering the fleet card market, titled On the Road to Recovery: U.S. Fleet Card Market Sizing and Forecast, 2020-2025. The research explains the current market and forecast, discusses closed- and open-loop card networks, card spend, and network volume, and explores the effects of the COVID-19 pandemic on the industry.

This research also explores current fleet tracking & telematics technology and how companies are using these advancements to reduce costs and increase safety. We then transition into the future of fleet and current state of federal and statewide climate and sustainability initiatives. Many of these innovative programs will affect the future of fleet in terms of updated fuel efficiency standards and increasing shifts towards fleet electrification.

“Sustainability initiatives may have fleets examining alternative vehicles and electrification,” comments Ben Danner, Analyst at Mercator Advisory Group, and the author of the research report. “Fleet card companies must begin to invest in the future of fleet and this means taking a serious look at advances in payments technologies and continued market awareness.”

This document contains 14 pages and 4 exhibits.

Companies mentioned in this research note include: Amazon, Comdata, EFS, Enterprise, Fleet One, FLEETCOR, Fuelman, Geotab, Hertz, Ikea, Mastercard, MSTS, Rivian, Samsara, Shell Oil Company, Tesla, Trimble, U.S. Bancorp, Verizon Connect, Visa, WEX Inc.