WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Monday, February 6, 2023 
Add Press Release News | News Feeds Feeds | Email This News Email

Fleet Management Global Market Report 2022
Saturday, December 3, 2022

DUBLIN, Nov. 29, 2022 /PRNewswire/ -- The "Fleet Management Global Market Report 2022" report has been added to's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global fleet management market.

The global fleet management market is expected to grow from $14.15 billion in 2021 to $16.27 billion in 2022 at a compound annual growth rate (CAGR) of 14.98%.

The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $30.80 billion in 2026 at a CAGR of 17.31%.

Major players in the fleet management market are Automile Inc, Azuga Inc, ClearpathGPS Inc, Donlen Corporation, Geotab Inc, GPS Insights, KeepTruckin Inc, Masternaut Ltd, MiX Telematics International (Pty) Ltd, NexTraq, Omnitracs LLC, Samsara Networks Inc, Teletrac Navman US Ltd, TomTom International BV, Trimble Inc, Verizon Connect, Freeway Fleet Systems, US Fleet Tracking, Utilimarc Inc., MiTAC International Corporation, Fleetmatics group Plc, Fleetonomy, GURTAM, Fleetroot, Orbcomm Inc, Otto Marine Limited and Siemens AG

Reasons to Purchase

    --  Gain a truly global perspective with the most comprehensive report
        available on this market covering 12+ geographies
    --  Understand how the market is being affected by the coronavirus and how
        it is likely to emerge and grow as the impact of the virus abates
    --  Create regional and country strategies on the basis of local data and
    --  Identify growth segments for investment
    --  Outperform competitors using forecast data and the drivers and trends
        shaping the market
    --  Understand customers based on the latest market research findings
    --  Benchmark performance against key competitors
    --  Utilize the relationships between key data sets for superior
    --  Suitable for supporting your internal and external presentations with
        reliable high quality data and analysis

The fleet management market consists of sales of fleet management services and solutions by entities (organizations, sole traders, and partnerships) for managing commercial motor vehicles such as cars, trucks, vans, specialist vehicles, trailers, forklifts, ships, railcars and other private vehicles. Fleet management assists organizations to manage all information associated with their vehicles and other assets, dispatch and routing, and vehicle acquisition and disposal. These services oversee and organize all fleet performance and fleet maintenance to increase productivity and help in smooth business operation.

The increasing demand for commercial vehicles is expected to drive the fleet management market during the forecast period. Organizations use fleet management services to manage commercial vehicles and improve efficiency, productivity and reduce overall transportation and staff costs in business. In January 2022, Indian automotive manufacturing company, Mahindra & Mahindra's commercial vehicle sales increased by 57% over the previous year. The company's sales through exports also increased by 26% during the same period. Therefore, the increasing demand of commercial vehicles around the world is expected to drive the fleet management market.

Europe was the largest region in the fleet management market in 2021. Asia Pacific is expected to be fastest growing in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The use of internet of things (IoT) in fleet management is a key trend gaining popularity in the market. IoT is a system of interrelated digital and mechanical machines, objects, and computing devices that have the potential to transfer data over a network without the use of human-to-human interaction. Companies are focusing on the application of IoT in fleet management to automate various processes and trip planning.

For instance, in April 2021, Ridecell Inc., a US-based company offering digital transformation software for fleet businesses launched the Fleet IoT Automation system, which is an IoT driven automation platform designed specifically for fleet-based businesses. The system integrates data insights with digital vehicle control to turn manual processes into automated workflows.

In August 2021, Bridgestone, a USA-based tire manufacturer, acquired Azuga for a deal amount of $391 million. The acquisition is expected to accelerate Bridgestone's efforts to develop and deploy sustainable mobility solutions for the company's advanced mobility strategy. It will also advance Bridgestone's comprehensive solutions for small to enterprise-sized fleets, providing real-time vehicle operations insights and data analytics that will improve safety, increase efficiency and enhance customer service experiences. Azuga is a USA-based fleet management company that provides software that enables customers to generate data about vehicles and their use.

The countries covered in the fleet management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Key Topics Covered:

1. Executive Summary

2. Fleet Management Market Characteristics

3. Fleet Management Market Trends And Strategies

4. Impact Of COVID-19 On Fleet Management

5. Fleet Management Market Size And Growth
5.1. Global Fleet Management Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Fleet Management Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Fleet Management Market Segmentation
6.1. Global Fleet Management Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    --  Solutions
    --  Services

6.2. Global Fleet Management Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    --  Heavy Commercial Vehicle
    --  Light Commercial Vehicle
    --  Aircraft
    --  Railway
    --  Watercraft

6.3. Global Fleet Management Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    --  Retail
    --  Government
    --  Transportation And Logistics
    --  Automotive
    --  Other Industries

6.4. Global Fleet Management Market, Segmentation By Communication Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    --  GNSS (Satellite)
    --  Cellular System

6.5. Global Fleet Management Market, Segmentation By Deployment Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    --  On-Premises
    --  Cloud

7. Fleet Management Market Regional And Country Analysis
7.1. Global Fleet Management Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Fleet Management Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

For more information about this report visit

Media Contact:

Research and Markets
Laura Wood, Senior Manager

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716


View original content:

SOURCE Research and Markets

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav This Week in Transportation News: 10 Stories You Need to See | Feb 6, 2023
Nav New Market Research on the World Market for Military Infrared Imaging Detectors and Systems (Vol. IRW-M) by Maxtech International, Inc. | Feb 6, 2023
Nav This Week in Tech News: 10 Stories You Need to See | Feb 6, 2023
Nav Asia Mobile Gaming Markets Report 2023-2028: Growing Demand of Local Content, Freemium Monetization, Cross-Platform Publishing to Augment Growth | Feb 6, 2023
Nav Smart home market in US to grow by 17.38% Y-O-Y from 2021 to 2022: Growing consumer interest in home automation will drive growth - Technavio | Feb 6, 2023
Nav Insights on the Gesture Recognition Global Market to 2027 - Rising Number of Professional Gamers Drives Growth | Feb 6, 2023
Nav Artificial Intelligence Applications Become a Pillar in the eSports Industry | Feb 6, 2023
Nav Conversational AI Market To Reach USD 41,890 Million by 2030, Says P&S Intelligence | Feb 6, 2023
Nav eSports Platforms Integrate Advanced AI Capabilities in an Effort to Aid Bettors | Feb 6, 2023
Nav Privileged access management solutions market to grow by 22.91% Y-O-Y from 2022 to 2023: Need for multi-factor authentication (MFA) for privileged accounts will drive growth -Technavio | Feb 6, 2023

Submit News | View More News View More News