Fleet Management Market Insights
The global fleet management market is projected to grow at a high CAGR% during the forecast period. Growing adoption of wireless technology, rising government regulations, and the need for optimization of fleet operating expenses are the primary factors driving the market growth. Fleet management is a system of technologies and procedures that enables enterprises to track and maintain their vehicles in a quick, accessible, and cost-effective way. It involves functions such as vehicle tracking & diagnostics, driver management, and financing among others. It helps business organizations that largely depend on transportation to lower the risk associated with the operation, staff costs, and others. The increase in fuel cost, connectivity cost, growing international trades, and increase in pollution issues are some of the other factors propelling the market growth during the forecast period.
Fleet Management Market: By Deployment Type
On the basis of deployment type, the fleet management market is segmented into on-premises, cloud, and hybrid types. The cloud segment is estimated to grow at the highest CAGR% during the forecast period owing to its cost-efficiency and hassle-free integration. It allows business enterprises to track, record, analyse, and review fleet maintenance, fuel purchases, and other things from anywhere.
Fleet Management Market: By Fleet Type
On the basis of fleet type, the fleet management market is classified into commercial and passenger cars. The passenger car segment is estimated to hold the largest market share during the forecast period owing to the growing number of passenger fleets and early adoption of fleet management solutions. The commercial car segment is also expected to witness considerable growth over the period. The growing adoption of telematics technology among commercial vehicles is driving the market growth.
Fleet Management Market: By Services
On the basis of services, the fleet management market is segmented into professional and managed services. The professional services segment is estimated to hold the largest market share during the forecast period. The strict regulatory mandates lead to the growing adoption of professional services, resulting in the rising requirement of consulting, deployment, and integration services. The managed services segment is also expected to witness considerable growth over the forecast period.
Fleet Management Market: By Industry
On the basis of industry, the fleet management market is segmented into retail, government, transport & logistics, automotive, construction, manufacturing, and energy. The automotive industry is anticipated to dominate the fleet management market during the forecast period. According to UN Comtrade, in 2014, around 218 million light and heavy commercial vehicles were traded worldwide. The fleet management covers all types of vehicles such as trucks & trailers, buses & trams, container ships, light good vehicles, commercial & fighter aircraft, etc.
Fleet Management Market: By Region
North America region is projected to dominate the overall fleet management market during the forecast period owing to the early adoption of fleet management solutions. The stringent norms on vehicle emission and huge innovations in the fleet management technology deployment is also propelling the growth of the region. Asia Pacific region is also expected to be the fastest growing region owing to the high adoption of mobile and web-based business services and rising opportunities in countries like China and India.
Fleet Management Market Share & Competitor Analysis
The key players operating in the global fleet management market include: Inseego (U.S.), Azuga (U.S.), ARI Fleet Management (U.S.), Autofleet (Israel), Thing Tech (U.S.), Avrios (Switzerland), Geotab (Canada), GPS Insight (U.S.), Trimble (US), Nextraq (U.S.), Wheels, Inc. (U.S.), and Samsara (U.S.).
Please note: This is not an exhaustive list of companies profiled in the report.
In May 2020, Geotab collaborated with Webfleet Solutions to launch new commercial mobility recovery dashboard.
In October 2019, Donlen launched new DonlenDriver application that increases driver productivity. This application gave drivers easy access to the tools they need to successfully complete their jobs.
Check the Press Release on Global Fleet Management Market Report
Fleet Management Market: By Deployment Type
- Introduction
- Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- On-premises
- On-premises: Fleet Management Market, 2018-2026 (USD Million
- Cloud
- Cloud: Fleet Management Market, 2018-2026 (USD Million)
- Hybrid
- Hybrid: Fleet Management Market, 2018-2026 (USD Million)
Fleet Management Market: By Fleet Type
- Introduction
- Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- Commercial Fleets
- Commercial Fleets: Fleet Management Market, 2018-2026 (USD Million)
- Passenger Cars
- Passenger Cars: Fleet Management Market, 2018-2026 (USD Million)
Fleet Management Market: By Services
- Introduction
- Fleet Management Market, By Services, 2018-2026 (USD Million)
- Professional Services
- Professional Services: Fleet Management Market, 2018-2026 (USD Million)
- Managed Services
- Managed Services: Fleet Management Market, 2018-2026 (USD Million)
Fleet Management Market: By End-Use
- Introduction
- Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Retail
- Retail: Fleet Management Market, 2018-2026 (USD Million)
- Government
- Government: Fleet Management Market, 2018-2026 (USD Million)
- Transportation & Logistics
- Transportation & Logistics: Fleet Management Market, 2018-2026 (USD Million)
- Automotive
- Automotive: Fleet Management Market, 2018-2026 (USD Million)
- Manufacturing
- Manufacturing: Fleet Management Market, 2018-2026 (USD Million)
- Construction
- Construction: Fleet Management Market, 2018-2026 (USD Million)
- Energy
- Energy: Fleet Management Market, 2018-2026 (USD Million)
Fleet Management Market: By Region
- Introduction
- Global Fleet Management Market, Regional Analysis, 2018-2026 (USD Million)
- North America
- North America Fleet Management Market, Regional Analysis, 2018-2026 (USD Million)
- By Deployment Type
- North America Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- North America Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- North America Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- North America Fleet Management Market, By Industries, 2018-2026 (USD Million)
- By Country
- U.S
- By Deployment Type
- U.S. Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- U.S. Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- U.S. Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- U.S. Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Canada.
- By Deployment Type
- Canada Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Canada Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Canada Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Canada Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Mexico
- By Deployment Type
- Mexico Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Mexico Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Mexico Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Mexico Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Europe
- Europe Fleet Management Market, Regional Analysis, 2018-2026 (USD Million)
- By Deployment Type
- Europe Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Europe Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Europe Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Europe Fleet Management Market, By Industries, 2018-2026 (USD Million)
- By Country
- Germany
- By Deployment Type
- Germany Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Germany Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Germany Fleet Management Market, By Vertcal, 2018-2026 (USD Million)
- By Industries
- Germany Fleet Management Market, By Industries, 2018-2026 (USD Million)
- UK
- By Deployment Type
- UK Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- UK Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- UK Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- UK Fleet Management Market, By Industries, 2018-2026 (USD Million)
- France
- By Deployment Type
- France Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- France Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- France Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- France Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Italy
- By Deployment Type
- Italy Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Italy Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Italy Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Italy Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Spain
- By Deployment Type
- Spain Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Spain Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Spain Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Spain Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Belgium
- By Deployment Type
- Belgium Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Belgium Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Belgium Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Belgium Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Rest Of Europe
- By Deployment Type
- Rest Of Europe Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Rest Of Europe Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Rest Of Europe Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Rest Of Europe Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Asia Pacific
- Asia Pacific Fleet Management Market, Regional Analysis, 2018-2026 (USD Million)
- By Deployment Type
- Asia Pacific Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Asia Pacific Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Asia Pacific Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Asia Pacific Fleet Management Market, By Industries, 2018-2026 (USD Million)
- By Country
- China
- By Deployment Type
- China Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- China Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- China Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- China Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Japan
- By Deployment Type
- Japan Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Japan Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Japan Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Japan Fleet Management Market, By Industries, 2018-2026 (USD Million)
- India
- By Deployment Type
- India Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- India Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- India Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- India Fleet Management Market, By Industries, 2018-2026 (USD Million)
- South Korea
- By Deployment Type
- South Korea Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- South Korea Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- South Korea Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- South Korea Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Rest Of Apac
- By Deployment Type
- Rest Of Apac, Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Rest Of Apac Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Rest Of Apac Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Rest Of Apac Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Central & South America
- Central & South America Fleet Management Market, Regional Analysis, 2018-2026 (USD Million)
- By Deployment Type
- Central & South America Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Central & South America Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Central & South America Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Central & South America Fleet Management Market, By Industries, 2018-2026 (USD Million)
- By Country
- Brazil
- By Deployment Type
- Brazil Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Brazil Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Brazil Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Brazil Fleet Management Market, By Industries, 2018-2026 (USD Million)
- Middle East & Africa
- Middle East & Africa Fleet Management Market, Regional Analysis, 2018-2026 (USD Million)
- By Deployment Type
- Middle East & Africa Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Middle East & Africa Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Middle East & Africa Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Middle East & Africa Fleet Management Market, By Industries, 2018-2026 (USD Million)
- By Country
- Saudi Arabia
- By Deployment Type
- Saudi Arabia Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- Saudi Arabia Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- Saudi Arabia Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- Saudi Arabia Fleet Management Market, By Industries, 2018-2026 (USD Million)
- UAE
- By Deployment Type
- UAE Fleet Management Market, By Deployment Type, 2018-2026 (USD Million)
- By Fleet Type
- UAE Fleet Management Market, By Fleet Type, 2018-2026 (USD Million)
- By Services
- UAE Fleet Management Market, By Services, 2018-2026 (USD Million)
- By Industries
- UAE Fleet Management Market, By Industries, 2018-2026 (USD Million)
The global Fleet Management Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Fleet Management Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.