At 7.6% CAGR, South & Central America Aviation Fuel Card Market is Projected to be Worth US$ 164.33 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America aviation fuel card market was valued at US$ 91.80 million in 2022 and is expected to reach US$ 164.33 million by 2030, recording a CAGR of 7.6% from 2022 to 2030. Rising investments in new airport and fixed base operator center construction and growing adoption of sustainable aviation fuel are among the critical factors attributed to drive the South & Central America aviation fuel card market growth.

Various developed and developing countries across the globe are focusing on increasing their total number of airports. 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.

On the contrary, presence of alternative payment methods hamper the growth of South & Central America aviation fuel card market.

Based on type, the South & Central America aviation fuel card market is bifurcated into merchant and branded. The merchant segment held 72.7% South & Central America aviation fuel card market share in 2022, amassing US$ 66.75 million. It is projected to garner US$ 121.01 million by 2030 to register 7.7% CAGR during 2022-2030.

In terms of application, the South & Central America aviation fuel card market is bifurcated into commercial and private. The commercial segment held 82.4% share of South & Central America aviation fuel card market in 2022, amassing US$ 75.62 million. It is anticipated to garner US$ 136.43 million by 2030 to expand at 7.7% CAGR during 2022-2030.

Based on country, the South & Central America aviation fuel card market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 53.0% share of South & Central America aviation fuel card market in 2022. It was assessed at US$ 48.67 million in 2022 and is likely to hit US$ 88.57 million by 2030, registering a CAGR of 7.8% during 2022-2030.

Key players operating in the South & Central America aviation fuel card market are Shell Plc, BP Plc, Associated Energy Group LLC, TITAN Aviation Fuels Inc, and TotalEnergies SE, among others.

At 7.6% CAGR, South & Central America Aviation Fuel Card Market is Projected to be Worth US$ 164.33 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America aviation fuel card market was valued at US$ 91.80 million in 2022 and is expected to reach US$ 164.33 million by 2030, recording a CAGR of 7.6% from 2022 to 2030. Rising investments in new airport and fixed base operator center construction and growing adoption of sustainable aviation fuel are among the critical factors attributed to drive the South & Central America aviation fuel card market growth.

Various developed and developing countries across the globe are focusing on increasing their total number of airports. 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.

On the contrary, presence of alternative payment methods hamper the growth of South & Central America aviation fuel card market.

Based on type, the South & Central America aviation fuel card market is bifurcated into merchant and branded. The merchant segment held 72.7% South & Central America aviation fuel card market share in 2022, amassing US$ 66.75 million. It is projected to garner US$ 121.01 million by 2030 to register 7.7% CAGR during 2022-2030.

In terms of application, the South & Central America aviation fuel card market is bifurcated into commercial and private. The commercial segment held 82.4% share of South & Central America aviation fuel card market in 2022, amassing US$ 75.62 million. It is anticipated to garner US$ 136.43 million by 2030 to expand at 7.7% CAGR during 2022-2030.

Based on country, the South & Central America aviation fuel card market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 53.0% share of South & Central America aviation fuel card market in 2022. It was assessed at US$ 48.67 million in 2022 and is likely to hit US$ 88.57 million by 2030, registering a CAGR of 7.8% during 2022-2030.

Key players operating in the South & Central America aviation fuel card market are Shell Plc, BP Plc, Associated Energy Group LLC, TITAN Aviation Fuels Inc, and TotalEnergies SE, among others.



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