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Fleet Management Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Global Fleet Management Market is predicted to value over USD 30.5 billion by 2026 end and grow at a CAGR of over 13% during the forecast period 2019 to 2026 Fleet management helps enterprises to manage their vehicles more efficiently. It tracks and
Fleet Management Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Global Fleet Management Market is predicted to value over USD 30.5 billion by 2026
end and grow at a CAGR of over 13% during the forecast period 2019 to 2026
Fleet management helps enterprises to manage their vehicles more efficiently. It
tracks and maintains the automobiles through cost-effective, quick, and accessible
methods. The management system performs tasks such as vehicle tracking &
diagnostics, financing, driver management, and others. It helps organizations that
profoundly depend on transportation to minimise the risks associated with staff,
operations cost, and others. Fuel efficiency and improved safety are the benefits
offered by fleet management.
Technological advancements and improvements in wireless networks, operational
competency needs further fuel the growth of this market. Increase in investments
and trade also aid the market’s growth. Rising fuel costs and an increase in the
number of substitutes and viability has led to lucrative trade opportunities in the
market.
Recent developments in this sphere have been, in 2019, Omnitracs launched Active
Mobile Gateway with Communications (AMG-C), an advanced BYOD solution that
offers device pairing, flexible connection options, such as WiFi, 4G, LTE, Bluetooth,
and simple management. This new launch would help drivers have more flexible
solutions using the LTE connectivity while working from anywhere.
In the same year, Masternaut, a telematics company, launched its new product
PULSE, a telematics product that is a plug and play solution focused on offering costeffective and hassle-free telematics solutions to its users.
Verizon Connect launched a connectivity app, Work Mobile, which assists field
workers to stay connected with their back offices, receive job details, and share
fieldwork insights and information with their companies’ back offices, thus helping
them improve productivity and increase work visibility.
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Fleet Management Market: Segmentation
By Service
+ Professional
+ Managed
By Solution
+ Operations Management
+ Vehicle Maintenance and Diagnostics
+ Performance Management Fleet Analytics
+ Reporting
By Deployment Type
+ Cloud
+ On-Premises
+ Fleet Type
+ Passenger Cars
+ Commercial Fleets
+ Electric Vehicles
The cloud segment will grow at the highest CAGR during the forecast period. This is
due to its cost-efficiency and seamless integration. The passenger cars segment is
predicted to lead the market in terms of market size during the forecast period.
By Region:
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World
North America and Europe are two important revenue pockets expected to dominate
the growth trajectory of the global market. Asia Pacific has been estimated to
emerge as the fastest growing region in the global fleet management market. The
developmental opportunities of China and India are expected to aid the growth of
the market in the upcoming years.
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Competitive Landscape:
+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants
The major players in the market are ARI Fleet Management (US), Azuga (US), Chevin
Fleet Solutions (Australia), Ctrack (US), Donlen Corporation (US), Geotab (Canada),
GPS Insight (US), Masternaut (UK), MiX Telematics (South Africa) , Nextraq (US),
Teletrac Navman (US), Trimble (US), Verizon Connect (US), Wheels, Inc (US), and
Fleetroot (UAE). These players have adopted various strategies to grow in the global
fleet management market.
FutureWise Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data points affecting market growth
Objectives of the Study:
+ To provide an exhaustive analysis on the global fleet management market by
service, by solution, by deployment and region
+ To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East.
+ To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Table of Contents
1: Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2: Research Methodology
2.1 Research Data
3: Executive Summary
4: Premium Insights
4.1 Attractive Market Opportunities in the Fleet Management Market
4.2 Market By Component, 2019
4.3 Market By Solution, 2019–2026
4.4 Market By Service, 2019 vs 2026
4.5 Market By Deployment Type, 2019–2026
4.6 Market By Fleet Type, 2019–2026
4.7 Market Investment Scenario
5: Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.3 Industry Trends
6: Fleet Management Market, By Component
6.1 Introduction
6.2 Solutions
6.3 Services
7: Fleet Management Market Size, By Deployment Type
7.1 Introduction
7.2 On-Premises
7.3 Cloud
8: Fleet Management Market, By Fleet Type
8.1 Introduction
8.2 Commercial Fleets
8.3 Passenger Cars
9: Fleet Management Market, By Region
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Latin America
9.6 Middle East and Africa
10: Competitive Landscape
10.1 Competitive Leadership Mapping
10.2 Ranking of Key Players for the Fleet Management Market, 2019
10.3 Competitive Leadership Mapping (Startup)
11: Company Profiles
11.1 Donlen Corporation
11.2 Geotab
11.3 Inseego Corp
11.4 Automotive Rentals Inc.
11.5 Omnitracs
11.6 Teletrac Navman
11.7 Trimble
11.8 Verizon Connect
11.9 Wheels, Inc.
11.10 Mix Telematics
11.11 GPS Insight
11.12 Masternaut
11.13 Nextraq
11.14 Chevin Fleet Solutions
11.15 Azuga
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
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Contact Person: Vinay Thaploo
Email: [email protected]
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