Market Overview:
The global fleet management market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fleet management solutions due to the rising need for improved efficiency and safety in commercial fleets. Fleet management solutions offer various benefits such as reduced fuel costs, improved safety, optimized vehicle maintenance and leasing, and others. These benefits are driving the adoption of fleet management solutions among commercial fleets worldwide. The global fleet management market is segmented on the basis of type, application, and region.
Product Definition:
Fleet management is a comprehensive process of managing a company's fleet of vehicles. It includes the planning, organizing, and controlling of the acquisition, deployment, maintenance, utilization and disposal of vehicles. Fleet management is an important part of any organization that relies on transportation to conduct business.
Operations Management:
Operations management is a technique used to integrate and coordinate all the processes involved in the movement of materials within a company. It includes logistics, supply chain, production planning, and transportation. Fleet operations are managed by using several tools such as vehicle location systems (VLS), telematics solutions for tracking vehicles, maintenance scheduling system (MSS) that monitors vehicle health etc.
Information Management:
Information management is the process of collecting, processing, analyzing and utilizing data to improve decision making in an organization. Fleet Management includes tracking vehicles with GPS systems and other electronic devices for maintenance purposes.
Application Insights:
The light commercial vehicles segment held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing penetration of e-commerce and growing preference for on-the-go shopping. Moreover, technological advancements such as Global Positioning System (GPS) coupled with mobile applications are driving the growth of this segment. For instance, Car2Go offers a smartphone app that enables customers to lock/unlock doors, start/stop vehicle engine, as well as find nearest parking spot.
LCVs accounted for a revenue share of around 40% in 2017 owing to their low maintenance cost compared with other vehicle types such as medium & heavy trucks and buses across all regions globally Fleet owners are encouraged by financial institutions.
Regional Analysis:
The North American regional market accounted for the largest share in 2017. The growth of the region can be attributed to increasing adoption of fleet management systems by companies, such as UPS; FedEx; and United Parcel Service (UPS). Moreover, presence of a large number of service providers has fueled market growth. Increasing demand for electric vehicles is expected to drive the demand for V2X technology in this region.
Asia Pacific is anticipated to emerge as one of the fastest-growing regions over the forecast period owing to increasing government mandates pertaining to fuel economy and carbon emissions from commercial vehicles coupled with rising disposable incomes among consumers in developing countries including India and China. Furthermore, growing automotive manufacturing industries are likely fueling industry expansion over coming years.
Growth Factors:
- Increasing demand for fleet management services from the transportation and logistics sector
- Proliferation of connected vehicles and the advent of autonomous cars that will require sophisticated fleet management systems
- The increasing trend of shared mobility services such as car-sharing and ride-sharing, which will need efficient fleet management solutions
- Stringent government regulations pertaining to safety, emissions, and fuel efficiency that mandate the use of fleet management systems
- The growing demand for big data analytics and cloud-based solutions in fleet management that offer real-time insights into vehicle performance
Scope Of The Report
Report Attributes
Report Details
Report Title
Fleet Management Market Research Report
By Type
Operations Management, Information Management, Risk Management, Vehicle Maintenance and Leasing, Safety and Compliance Management, Others
By Application
Light Commercial Vehicles (LCVs), Medium and Heavy Commercial Vehicles (M&HCVs)
By Companies
AT&T, Donlen, Geotab, LeasePlan, Masternaut, Merchants Fleet Management, Omnitracs, Teletrac Navman, Trimble, Verizo, Wheels, WorkWave
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Fleet Management Market Report Segments:
The global Fleet Management market is segmented on the basis of:
Types
Operations Management, Information Management, Risk Management, Vehicle Maintenance and Leasing, Safety and Compliance Management, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Commercial Vehicles (LCVs), Medium and Heavy Commercial Vehicles (M&HCVs)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AT&T
- Donlen
- Geotab
- LeasePlan
- Masternaut
- Merchants Fleet Management
- Omnitracs
- Teletrac Navman
- Trimble
- Verizo
- Wheels
- WorkWave
Highlights of The Fleet Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Operations Management
- Information Management
- Risk Management
- Vehicle Maintenance and Leasing
- Safety and Compliance Management
- Others
- By Application:
- Light Commercial Vehicles (LCVs)
- Medium and Heavy Commercial Vehicles (M&HCVs)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fleet Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fleet management is the process of planning, organizing, and directing the movement of vehicles and other equipment. It includes setting policies and procedures for vehicle use, maintaining records of vehicle movements, assigning tasks to employees, and ensuring that vehicles are operated in a safe manner.
Some of the major companies in the fleet management market are AT&T, Donlen, Geotab, LeasePlan, Masternaut, Merchants Fleet Management, Omnitracs, Teletrac Navman, Trimble, Verizo, Wheels, WorkWave.
The fleet management market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fleet Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fleet Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fleet Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fleet Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fleet Management Market Size & Forecast, 2020-2028
4.5.1 Fleet Management Market Size and Y-o-Y Growth
4.5.2 Fleet Management Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Operations Management
5.2.2 Information Management
5.2.3 Risk Management
5.2.4 Vehicle Maintenance and Leasing
5.2.5 Safety and Compliance Management
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Light Commercial Vehicles (LCVs)
6.2.2 Medium and Heavy Commercial Vehicles (M&HCVs)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fleet Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fleet Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Operations Management
9.6.2 Information Management
9.6.3 Risk Management
9.6.4 Vehicle Maintenance and Leasing
9.6.5 Safety and Compliance Management
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Light Commercial Vehicles (LCVs)
9.10.2 Medium and Heavy Commercial Vehicles (M&HCVs)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Operations Management
10.6.2 Information Management
10.6.3 Risk Management
10.6.4 Vehicle Maintenance and Leasing
10.6.5 Safety and Compliance Management
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Light Commercial Vehicles (LCVs)
10.10.2 Medium and Heavy Commercial Vehicles (M&HCVs)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Operations Management
11.6.2 Information Management
11.6.3 Risk Management
11.6.4 Vehicle Maintenance and Leasing
11.6.5 Safety and Compliance Management
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Light Commercial Vehicles (LCVs)
11.10.2 Medium and Heavy Commercial Vehicles (M&HCVs)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Operations Management
12.6.2 Information Management
12.6.3 Risk Management
12.6.4 Vehicle Maintenance and Leasing
12.6.5 Safety and Compliance Management
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Light Commercial Vehicles (LCVs)
12.10.2 Medium and Heavy Commercial Vehicles (M&HCVs)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Operations Management
13.6.2 Information Management
13.6.3 Risk Management
13.6.4 Vehicle Maintenance and Leasing
13.6.5 Safety and Compliance Management
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Light Commercial Vehicles (LCVs)
13.10.2 Medium and Heavy Commercial Vehicles (M&HCVs)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fleet Management Market: Competitive Dashboard
14.2 Global Fleet Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AT&T
14.3.2 Donlen
14.3.3 Geotab
14.3.4 LeasePlan
14.3.5 Masternaut
14.3.6 Merchants Fleet Management
14.3.7 Omnitracs
14.3.8 Teletrac Navman
14.3.9 Trimble
14.3.10 Verizo
14.3.11 Wheels
14.3.12 WorkWave
