Global Fleet Management Market Information Report by Deployment Type (Cloud, On-Premises, Hybrid), by Management type (Driver Management, Asset Management, Operation Management), by Connectivity Type (Satellite Navigation, Cellular System), by Services (Managed Services, Integration and Deployment services, Professional services) and by Regions – Global Forecast To 2023
The key players of global fleet management markets are Fleetmatics Group PLC (U.S.), Verizon Telematics Inc.(U.S.), Trimble Inc. (U.S),WorkWave LLC(U.S.), Zonar Systems, Inc. (U.S.), I.D. Systems, Inc. (U.S), and Cisco Systems, Inc. (U.S.).
Fleet management is the process of managing vehicle fleet in an organization. Mismanaging a vehicle fleet can have significant effect on an organized operation. Fleet management typically includes vehicles such as trucks, cars and corporate fleets, commercial and freight aircrafts, buses and trams and also container ships. Fleet management includes operations such as vehicle tracking, mechanical diagnostics and also driver behavior. Furthermore, vehicle tracking and diagnostics include risk management, fuel management, telematics and accident management. Fleet management is predominantly used in sectors such as oil and gas, chemicals, mining, construction, retail and logistics, utilities, public and private transport, waste management and service sectors.
The market is driven by the continuous increase in the demand for logistics and transport. The determiners of the growth of the market are the fluctuating fuel costs, connectivity issues, demand to meet pollution targets and operational efficiency. With fleet management, organizations can have better access to plan maintenance of vehicles, enhanced driver safety, proper routing of fleets that can all ultimately lead to effective operations of the fleet. Adding to that, vehicle connectivity and smart transportation are increasingly helping organizations to ensure safety operations of the fleets. Fleet management also helps in higher efficiency, consistent performances and ultimately reduced costs.
The market is expected to grow at a CAGR of 22% during the forecast period.
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Study Objectives of Global Fleet Management Market:
To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global fleet management market.
- To provide insights about factors affecting the market growth
- To analyze the global fleet management market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by material type, product, application and region
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the fleet management market
Global Fleet Management Market:
The fleet management market is driven by the need to meet increasing strict standards from environmental laws and the demand to reduce costs from vehicle operations. The fleet management is deployed by cloud technology, on premises or by hybrid technology. The fleet management operations also focus on driver and asset management and even the operations management that can save fuel by planned route operations. For example, driver management programs focus on driving behaviors of drivers and how they can be made to have less impact on fuel consumption and reduce cost. Also, fleet management focuses on scheduled maintenance of fleets to reduce maintenance cost and operational liability of fleets.
Global organizations are rapidly deploying fleet management services in their operations either by the cloud technology or by the on-premises technology. Also predominant employment of these technologies result in low cost for implementation and this is driving the market for fleet management. The vehicles are usually tracked by GPS systems or Electronic logging devices (ELD).
The North American and Europe region is expected to dominate the market due to stringent norms on vehicle emissions and huge innovations in the fleet management technology deployment. The Asia-Pacific region is expected to be the fastest growing region with increased opportunities in countries such as China and India. Large scale adoption of web and mobile based business services in these regions is the primary driver for the market in the region.
Intended Audience: Distributer & Supplier companies, End Users, Consultants and Investment bankers, Government as well as Independent Regulatory Authorities
Product Analysis: Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information: Regulatory Landscape, Pricing Analysis, Macroeconomic Indicators
Geographic Analysis: Geographical analysis across 15 countries
Company Information: Profiling of 10 key market players, In-depth analysis including SWOT analysis, and strategy information of related to report title, Competitive landscape including emerging trends adopted by major companies
The report for Global Fleet Management Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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