Rising Demand for Personal Vehicles Impelling Growth of Fuel Cards in Belgium: KenResearch REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit According to the study published by Ken Research on “Fuel Cards in Belgium 2016”, the economy of Belgium grew faster than previously thought in the last quarter of 2016, according to revised estimates. Growth was spurred by greater investment, as firms enjoyed easy access to finance and improved profitability thanks to lower labor costs and social security contributions. However, growth for the year as a whole was mediocre, with consumers hit by higher inflation and wage growth moderation, dampening private consumption growth. In the first few months of this year, growth has likely continued at a sedate pace, with indicators for consumer and business sentiment broadly neutral since the start of the year. On the political scene, Belgium continues to drag its heels over the introduction of a Financial Transaction Tax (FTT) along with nine other European countries as part of an enhanced cooperation procedure, as the government is concerned about the impact on pension funds. The market intelligence of Ken research states that, the total number of service stations in Belgium rose by 6.5% in 2015. Over 23,000 new fuel cards will be issued between 2016 and 2021, totaling to 1,240,248 cards in the market. Fuel card volumes will continue to grow rising 11.0% between 2016 and 2021 to total 2,065m liters by the end of 2021.The top five fuel card operators made up 61.8% of fuel card volumes in 2015. The reasons for such growth are the desire for better fuel efficiency. The other reason for such growth is due to the increased and better network of connectivity among other station in Belgium. The use of fuel cards with the inked accounts through the application based technology has provided the customers with the ease and availability of the information and analytics of their vehicles more conveniently. The other benefits such as reduction in the paper work, hassle free services and maintenance of vehicles and optimal safety through insurance and proper surveillance contribute further in its growth. Key Players The key players in the Fuel cards industry of Belgium are Shell BP Esso DKV UTA TOTAL Q8 Agip (Eni) ROUTEX AS24 Aral OMV Network Tank Texaco Je. Therefore the growth in fuel cards in Belgium is due to the desire of the population for better fuel efficiency. The other reasons includes the widespread network of gas stations and the convenience of the customers such as low paper work, app based handling and optimal safety of the vehicle in vulnerable circumstances Source: https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/fuel-cards-belgium-2016/85793-100.html Tags: Belgium fuel card industry analysis, Belgium fuel card market analysis, Belgium fuel card market future outlook, Belgium plastic money market analysis, Belgium plastic payment cards market, Fuel card demand trends in Belgium, Global fuel cards market research