Fleet Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Fleet Management is a management of commercial motor vehicles such as cars, vans, trucks, specialist vehicles that allows companies to minimize the risks associated with vehicle investment, improving efficiency, productivity and reducing their overall transportation and staff costs along with vehicle financing maintenance and telematics,driver,speed and fuel management and health and safety management.

MARKET SCOPE

The "Global Fleet Management Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the fleet management market with detailed market segmentation by solution, deployment, services, vehicle type, communication technology, industry, and geography. The report provides key statistics on the market status of the leading fleet management market players and offers key trends and opportunities in the market.MARKET SEGMENTATION

•   Based on solution, the global fleet management market is segmented into operation, asset, and driver management.
  
•   On the basis of deployment, the market is segmented into type of deployment cloud, on-premise, and hybrid.
  
•   Based on services, the market is segmented into professional services, integration and deployment services, and managed services.
  
•   Based on vehicle type the market is segmented into heavy commercial, light commercial, aircraft, railway, and watercraft.
  
•   Based on communication technology, the market is segmented into GNSS and cellular system.
  
•   Based on industry, the market is segmented into retail, government, transportation and logistics, and automotive.
  

MARKET DYNAMICS
Drivers:

•   The fleet management market is heavily influenced by driving factors such as growth in wireless technology, compulsion of ELD implementation, need of operational competency and increase in international trades are the significant factors that boost the market growth.
  

Restraints:

•   Lack of network infrastructure, the complexity of deployment and high initial capital requirements are impacting negatively on the growth of the market in the current market scenario.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The fleet management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fleet management market in these regions.

IMPACT OF COVID-19 ON FLEET MANAGEMENT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Fleet Management Market Report Analysis

Fleet Management Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• AZUGA
• CHEVIN FLEET SOLUTIONS
• GEOTAB INC.
• GPS INSIGHT
• MASTERNAUT LIMITED
• MIX TELEMATICS
• NEXTRAQ, LLC
• OMNITRACS
• TELETRAC NAVMAN US LTD

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Solution

• Operation
• Asset
• Driver Management

By Deployment

• Cloud
• On-premise
• Hybrid

By Services

• Professional Services
• Integration and Deployment Services
• Managed Services

By Vehicle Type

• Heavy Commercial
• Light Commercial
• Aircraft
• Railway
• Watercraft

MARKET PLAYERS

The report covers key developments in the fleet management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from fleet management market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fleet management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  AZUGA

  CHEVIN FLEET SOLUTIONS

  GEOTAB INC.

  GPS INSIGHT

  MASTERNAUT LIMITED

  MIX TELEMATICS

  NEXTRAQ, LLC

  OMNITRACS

  TELETRAC NAVMAN US LTD

  Verizon Communications Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Fleet Management Market Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Solution Operation Asset Driver Management By Deployment Cloud On-premise Hybrid By Services Professional Services Integration and Deployment Services Managed Services By Vehicle Type Heavy Commercial Light Commercial Aircraft Railway Watercraft
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	AZUGA CHEVIN FLEET SOLUTIONS GEOTAB INC. GPS INSIGHT MASTERNAUT LIMITED MIX TELEMATICS NEXTRAQ, LLC OMNITRACS TELETRAC NAVMAN US LTD