Global Fleet Management Market:
The global Fleet Management market is expected to
grow at a significant rate, during the forecast period 2019-2025. Fleet
management is an administrative approach that allows companies to organize and
coordinate work vehicles with the aim to improve efficiency, reduce costs, and
provide compliance with government regulations. Fleet management is used by
couriers, oil and gas delivery, utilities, repair and service industry
businesses to ensure responsible vehicle use, confirm safety and enable
real-time tracking. Growth in adoption of wireless technology, need of
operational competency in fleet management, and increase in international
trades are vital
factors expected to encourage the growth of the global Fleet Management market
in the upcoming period.
In addition, increase in demand for logistics and
transport which offer several benefits such as improvement in maintenance
planning, vehicle performance and schedule of fleet routing which enhances the
fleet safety and also customer satisfaction are other factors estimated to
accelerate the growth of the market in the upcoming years. Moreover, the
increasing government regulations and the need for optimization of fleet
operating expenses will fuel the growth of the Fleet Management market in the
forecast period. Further, the growing adoption of artificial intelligence
technologies for fleet management will contribute to the growth of the Fleet
Management market in upcoming years.
Additionally, upsurge in applications of fleet
management in business organizations that depend greatly on transportation to
lower or completely eliminate the risks associated with staff cost, operations,
and others will foster the global Fleet Management market. Furthermore, growing
adoption of fleet management by many organizations need to streamline the operations
for greater connectivity and reduce the hardware cost needed to perform the
necessary fleet management are anticipated to escalate the global
anti-collision market in the future timeline.
Fleet Management Market
Vehicle Type analysis
On the basis of Vehicle Type, the Fleet
Management market has been segmented into Light Commercial Vehicle, Heavy
Commercial Vehicle, Aircraft, Railway, and Watercraft. Aircraft segment
dominates the global Fleet Management Market owing to rise in the number of air
passengers and a significant increase in aircraft fleet. Railway segment will
propel by effectively plan direct services across the entire rail
infrastructure. Watercraft will influence by reduced risks for theft,
improving customer service, reducing equipment wear and boosting profits.
Market Components Analysis
On the basis of Components, the Fleet Management
market has been categorized into Solution and Services. Solution segment will
lead the market owing to its application to improve the overall operations of
the transport industry such as driver management, vehicle management, and
operations management. Services segment will boost by its application like
After-Sales Services, Claim Inspection Services, and Vehicle Tracking/Follow-Up
Market Communication Technology Analysis
On the basis of Communication Technology, the
Fleet Management market has been categorized into GNSS and Cellular System. GNSS
segment will dominate the market due to the rise in adoption of GNSS in fleet
management coupled with rapid urbanization in developing economies, quick
access & benefits of GNSS, and government initiatives. The cellular system
will grow by its applications to track every vehicle in real-time so as to know
the status of these fleet.
Market Solutions Analysis
On the basis of Solutions, the Fleet Management
market has been categorized into Operations Management, Vehicle Maintenance and
Diagnostics, Performance Management and Fleet Analytics and Reporting. Fleet
Analytics and Reporting is expected to leading segment in the account of its
applications for reducing the total cost of ownership, protecting investments
in assets, assisting asset inventory management, and reducing repair costs by
improving fleet safety. Vehicle Maintenance and Diagnostics will bolster by its
application such as remote diagnostics combines dynamic mapping, vehicle health
reports, fault code action plans, and notification alerts.
Fleet Management Market
End-User Industry Analysis
On the basis of End-User Industry, the Fleet
Management market has been segmented into Retail, Government, Transportation
& Logistics, Automotive, Manufacturing, Construction, and Energy. By
End-User Industry, Automotive will lead the market in the account of growing
numbers of light and heavy commercial vehicles. Transportation & Logistics
will trigger by its benefits to reduce fuel & overall running costs,
enhanced safety, and optimized fleet operations, with real-time fleet tracking
The regional analysis of
Fleet Management Market
On the basis of region, the Fleet Management Market
has been segmented into North America, Europe, Asia Pacific, Middle East &
Africa, and Latin America. North America dominates the global Fleet Management market
over the forecast period due to large scale implementation of fleet management
solutions by the organizations and enterprises in the country. Moreover, the rapid pace of digital
transformation and high growth of telematics and the advent of the 4G
technology in the region will fuel the fuel management market. Europe will
influence by growing awareness about technology and solutions and favorable
regulatory initiatives by governments. The Asia Pacific will be fastest growing
segment owing to governments initiatives for compelling the OEMs to implement
these systems in vehicles owing to the changing approach toward the safety of
drivers, passengers, fleet operators, and goods.
The objective of the
To analyze and forecast the market size of the
global Fleet Management Market, in terms of value.
To examine the careful market segmentation and
forecast the market size, in terms value, on the basis of the region by
segmenting Fleet Management market into five regions, namely, North America,
Europe, Asia Pacific, Middle East, and their leading countries.
To outline, categorized and forecast the global
Fleet Management market on the basis of vehicle type, component, communication
technology, solution, and end-user industry.
To examine competitive developments like
technological advancement, services, and regulative framework within the global
Fleet Management Market.
To highlight the impact analysis of the factors,
affecting the market dynamics such as drivers, restraints, opportunities, and
To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.
Global Fleet Management Market
Companies such as U.S. General Services
Administration, Uber Technologies, Inc., Ola Cabs (ANI Technologies Pvt. Ltd.),
Lyft, Didi Chuxing, Grab, European GNSS Agency (GSA), Spireon, Inc., Trimble
Transportation & Logistics, Fleet Robo Fleet Management Solutions, DC
Velocity, Scope Technologies, Troncalnet, FAMSA, CARSSA Courier Company, Altos
Hornos de Mexico (AHMSA), Grupo Autofin de Monterrey, The Goodyear Tire &
Rubber Company, Mercedes-Benz and Renault, are the key players in the global
Fleet Management market.
Key Target Audience:
Market research and consulting firms
Global Fleet Management service providers
Research organizations and consulting companies
Global Fleet Management distributors
Organizations, associations, and alliances
related to Fleet Management
Scope of the Report
By Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle
By Communication Technology
Vehicle Maintenance and Diagnostics
Fleet Analytics and Reporting
By End-User Industry
Transportation & Logistics
In addition, the report provides an
analysis of the Fleet ManagementMarket with respect to the following geographic
Rest of Europe
Asia Pacific (APAC)
Rest of Asia Pacific
Rest of Latin America
Rest of Middle-East
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region and
one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following
customization options are available for the report:
With five additional company detail analysis.
Additional country analysis.
Detailed segment analysis.