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Fleet Management Systems - Global Market Trajectory & Analytics

  • ID: 2228032
  • Report
  • April 2021
  • Region: Global
  • 362 Pages
  • Global Industry Analysts, Inc
Global Fleet Management Systems Market to Reach $42.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Fleet Management Systems estimated at US$17.8 Billion in the year 2020, is projected to reach a revised size of US$42.9 Billion by 2027, growing at a CAGR of 13.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 13% CAGR and reach US$23.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 13.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 17.5% CAGR

The Fleet Management Systems market in the U.S. is estimated at US$4.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2027 trailing a CAGR of 17.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 11.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.

Select Competitors (Total 131 Featured):
  • AirIQ, Inc.
  • Aplicom Oy
  • Aspire Tracking Ltd.
  • Batrak Ltd.
  • BOX Telematics Ltd.
  • CarrierWeb, LLC
  • CATERPILLAR, Inc.
  • Cisco Systems, Inc.
  • Daimler Fleetboard GmbH
  • Donlen Corp.
  • HCL Technologies Ltd.
  • Modular Mining Systems, Inc.
  • Risk Technology Ltd.
  • SafeTrac Solutions Ltd.
  • TomTom International B.V.
  • Verizon Enterprise Solutions
  • V-SOL Ltd.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Fleet Management Systems: An Introduction
  • Recent Market Activity
  • Market Dynamics
  • Global Motor Vehicle Fleet Market - An Insight
  • Fleet Differences Galore in Various Regional Markets
  • Commercial Fleets Market Shifts Focus on Operational Efficiencies
  • Sustainability of Commercial Fleets
  • PEVs for Fleets: The Next Frontier
  • Competitive Scenario
  • Consolidation Becoming New Constant
  • Increasing Global Presence of Fleet Managers
2. FOCUS ON SELECT PLAYERS
  • AirIQ, Inc. (Canada)
  • Aplicom Oy (Finland)
  • Aspire Tracking Limited (UK)
  • Batrak Ltd. (UK)
  • BOX Telematics Ltd. (UK)
  • CarrierWeb, LLC. (USA)
  • CATERPILLAR, Inc. (USA)
  • Cisco Systems, Inc. (USA)
  • Daimler Fleetboard GmbH (Germany)
  • Donlen Corporation (USA)
  • HCL Technologies Ltd. (India)
  • Modular Mining Systems, Inc. (USA)
  • Risk Technology Ltd. (UK)
  • SafeTrac Solutions Ltd. (UK)
  • TomTom International B.V. (The Netherlands)
  • Verizon Enterprise Solutions (USA)
  • V-SOL Limited (UK)
3. MARKET TRENDS & DRIVERS
  • Fleet Management Systems: Lot More Than Just Track-and-Trace
  • Fleet Management Systems Helping Companies to Better Handle Jobs
  • Reducing Carbon Footprint
  • Duty of Care
  • Reducing Paper Trail
  • Enabling Compliance with Working Hours Regulations
  • Key Trends Impacting Fleet Management Systems Market
  • Shifting Focus of Fleet Decision-making Process
  • Cost-Containment
  • Ever-changing Regulatory Landscape
  • Unpredictability and Volatility of Fuel Prices
  • Engine Downsizing, Extended Service Life: New Fleet Trend
  • Vehicle Delivery Delays Forcing Fleets to Look for Various Options
  • Globalization of Shared Services for Improving Consistency
  • Utilizing Fleet Data for Improving Efficiency
  • Reimbursement Issues
  • Self-imposed Sustainability Targets
  • Standardization of Safety Programs
  • Increased Demand for Safety Features
  • Increasing Vehicle Acquisition Challenges
  • Shifting Segment Preferences
  • Softer Resale Values on the Horizon
  • Diesel Trucks Giving Way to Gasoline Powered Vehicles
  • Falling Hardware Prices Propelling Commercial Vehicle Telematics Growth
  • Technological Trends Impacting Global FMS Market
  • Disintermediation of Vehicles
  • Internet of Things to Play Significant Role in Fleet
  • Digital Natives to Accelerate Technological Adoption in Fleets
  • Technology Leading Growth Opportunities
  • Autonomous Vehicles
  • Challenges Galore on Vehicle Front
  • Active Cargo Tracking Units Gaining Traction
  • Commercial Vehicle Telematics Playing Vital Role in Improving Fleet Management Operations
  • Major Trends in Fleet Management Software
  • Cloud-Based Platforms: The New Buzzword in Fleet Management
  • Reducing Carbon Footprint: Goal of Next-Gen Fleet Management Platforms
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 131
Note: Product cover images may vary from those shown
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