Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Fleet Management Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Fleet Management Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Fleet
Management Market is offered.
Market
Insights:
In accordance with the report, the Fleet Management
Market is projected to expand at a CAGR of 11.9% over the period
of forecast. The global Fleet Management
Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn
in 2031, growing with a significant CAGR rate during the forecast period. The
ability for businesses and industries to maintain, track, modify, and stabilise
their vehicles through the use of fleet management is a rapid, practical,
easily accessible, and cost-effective system or technique. In order to handle
the vehicles, the fleet management system uses financing, vehicle tracking,
vehicle diagnostics, driver management, etc. Fleet management is used by
corporate organisations to meet the demands of the transportation industry by
keeping track of vehicle operations, staffing, staffing costs, etc. to lower
the rate of hazards associated with subpar business ethics. Demand for public
transportation is rising, keeping logistics under control. Increased
international trade, operational proficiency, mandatory ELD integration, and
acceptance of cellular technologies. Today's automotive sectors depend heavily
on fleet management due to wireless technology's high efficiency, quick access
and reaction, cost reduction, coverage of large areas, productivity, etc. Provide
for the requirements of the transportation industry by keeping track of vehicle
operations, reliable performance, staffing, cost of staffing, etc. to reduce
the rate of hazards associated with subpar business ethics. The North American
region's government is crucial to the market growth of the fleet business.
North America promises to be an important market in the industrial expansion of
the fleet management system because of the rigorous rules and regulations
against defaulters of air pollution contributors due to vehicle emissions. Due
to the importance of the fleet management sector in the area, Europe is also
competing to produce highly efficient electric vehicles in the next years. Due
to expanding nations like China, India, and others where pollution is higher and
consumers are choosing more automobiles with lower emissions, the Asia-Pacific
region has emerged as the market with the fastest-growing economy in recent
years.
Research
Methodology:
To compile
the detailed study of the global Fleet Management Market, a
robust research methodology has been adopted that aids in determining the key
insights and also evaluates the growth prospects of the Fleet Management Market. Comprehensive and iterative research
methodology focused on minimizing deviance in order to provide the most
accurate estimates and forecast possible. The company utilizes a combination of
bottom-up and top-down approaches for segmenting and estimating quantitative
aspects of the market. Our research methodology implements a mix of primary as
well as secondary research. Our projects are initiated with secondary research,
where we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Fleet Management
Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Fleet Management Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Fleet Management Market Compounded annual growth rates for all segments have also
been provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Fleet Management Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Fleet Management
Market, By Component, 2022-2031 (USD Million)
·
Driver
Management Solution
·
Operation
Management Solution
·
Driver
Management Solution) And Services (After Sales Services
·
Claim
Inspection Services
·
Vehicle
Tracking/Follow Up Services
·
Customer
Relationship Management (Crm)
Fleet Management
Market, By Type, 2022-2031 (USD Million)
·
Light
Commercial Vehicle
·
Heavy
Commercial Vehicle
·
Aircraft
·
Railway
·
Watercraft
Fleet Management
Market, By Technology, 2022-2031 (USD Million)
·
Gnss
(Satellite)
·
Cellular
System
Fleet Management
Market, By End User, 2022-2031 (USD Million)
·
Retail
·
Transportation
·
Logistics
·
Automotive
·
Construction
·
Oil
·
Gas
·
Energy
·
Manufacturing
·
Government
·
Research And
Development
·
Consultancy
Firms
Report
Highlights:
The prime objective of the Fleet Management Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Fleet Management
Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Fleet
Management Market:
·
TomTom N.V.
U.S
·
General
Services Administration
·
Fleetmatics
Group PLC
·
Telogis
·
Freeway Fleet
Systems
·
IBM
Corporation
·
AT&T Inc.
·
Navico
·
Grupo Autofin
de Monterrey
·
I.D. Systems
·
MiTAC
International Corporation
·
Cisco Systems
·
Trimble
Transportation & Logistics
·
Uber
Technologies
·
Didi Chuxing
·
Grab
·
Scope
Technologies
·
Troncalnet
·
FAMSA
·
Ola Cabs
·
DC Velocity
·
Fleet Robo
·
European GNSS
Agency (GSA)
Fleet
Management Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size in
terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry