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Fleet Management Systems - Global Strategic Business Report

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    Report

  • 836 Pages
  • September 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2228032
The global market for Fleet Management Systems is estimated at US$24.1 Billion in 2023 and is projected to reach US$66.2 Billion by 2030, growing at a CAGR of 15.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the fleet management systems market is driven by several factors, including technological advancements, regulatory requirements, and increasing demand for efficient fleet operations. Innovations in GPS and telematics technology are enhancing the capabilities and reliability of FMS, making them more appealing to businesses. Regulatory mandates aimed at improving road safety and reducing emissions are encouraging the adoption of advanced fleet management solutions. The rising cost of fuel and the need to optimize operational efficiency are compelling businesses to invest in FMS to reduce fuel consumption and maintenance costs.

Additionally, the growing complexity of fleet operations, driven by expanding e-commerce and logistics industries, is necessitating more sophisticated management tools. The trend towards digital transformation and data-driven decision-making is also propelling market growth, as businesses seek to leverage advanced analytics and real-time insights to stay competitive. These factors collectively ensure the dynamic expansion of the fleet management systems market, aligning with broader technological and regulatory trends.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Fleet Management Solutions segment, which is expected to reach US$40.4 Billion by 2030 with a CAGR of a 14.6%. The Fleet Management Services segment is also set to grow at 17.0% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $7.1 Billion in 2023, and China, forecasted to grow at an impressive 20.6% CAGR to reach $9.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Fleet Management Systems Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Fleet Management Systems Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Fleet Management Systems Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as AT&T, Inc., Avnet, Inc., Bell Canada, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 205 Featured):

  • AT&T, Inc.
  • Avnet, Inc.
  • Bell Canada
  • Bartronics India Ltd.
  • Agero, Inc.
  • Babcock International Group PLC
  • AirIQ, Inc.
  • Aplicom Oy
  • ABAX as
  • Agile Fleet
  • Alphabet International GmbH
  • AssetWorks, LLC.
  • Avrios
  • Aurrigo
  • BlackBox GPS Technologies Pvt. Ltd.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Revolutionizing Fleet Operations: The Power and Impact of Fleet Management Systems
  • Core Functionalities
  • Captivating Merits
  • Economic Frontiers: Trends, Trials & Transformations
  • In a World Torn by Geopolitical Instability & War, Steadfastness of Global GDP Becomes Increasingly Unpredictable Given the Many Direct and Indirect Economic Repercussions: World Economic Growth Projections (Real Gross Domestic Product (GDP), Annual % Change) for the Years 2022 Through 2025
  • All Eyes on Global Inflation, the Main Risk Factor in Global Markets: Global Headline Inflation Rates (In %) for the Years 2019 through 2025
  • Fleet Services & Operators Confront Challenges amid the Pandemic
  • Pandemic Leads to Deeper Dependence on Telematics for Fleet Management
  • Global Market Outlook
  • Solutions Segment Holds Major Market Share
  • Developed Regions Lead, Developing Economies Poised for High Growth
  • Competition
  • Fleet Management Systems - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Recent Market Activity
  • Influencer/Product/Technology Insights
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Fleet Management Moves Forward at Breakneck Speed with Cutting-Edge Technologies
  • Thumping Technology Trends Greasing Wheels of Fleet Management for Efficient Runs
  • Expanding EV Fleets for Shared Mobility & Logistics to Drive Demand for EV Fleet Management Systems
  • World Electric Vehicles (EVs) Market: Annual Sales in Thousand Units for the Years 2020 through 2027
  • Here’s Why EV Fleet Management Systems are Important
  • As Shared EV Mobility Explodes Into a Major Trend, Fleet Operators Will Need the Right EV Fleet Management Solution to Capitalize on the Opportunity With Cleaner Fleets, Lower Costs and Higher Profits: Global Electric Mobility Services Market (In US$ Million) for Years 2022, 2024, 2026, 2028 & 2030
  • Next-Gen Fleet Management Platforms Reinforce Focus on Reducing Carbon Footprint
  • Global CO2 Emissions in Billion Metric Tons of CO2 Per Year for the Years 2000, 2030, 2040, and 2050
  • Greenhouse Gas Emissions in the EU by Transport Mode
  • Global Carbon Dioxide (CO2) Emissions (in Billion Metric Tons): 2010-2023
  • Fleet Management Systems Enable Compliance with Working Hours Regulations
  • Unpredictability and Volatility of Fuel Prices and the Need to Reduce Fuel Costs Drive the Uptake of Fleet management Systems
  • With Oil Prices Influencing the Rate of inflation, it Remains the Most Watched Commodity in Global Markets: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2019 through 2025
  • Autonomous Technology Drives the Need for New Autonomous Fleet Management Solutions
  • World Autonomous Vehicles Sales in ‘000 Units for Years 2020, 2022. 2024 and 2026
  • Autonomous Vehicles Commercialization & Technology Penetration Timeline
  • Persistent & Nascent Trends to Watch-for in Commercial Fleet Management Space
  • Increasing Uptake of 5G Technology to Influence Key Aspects
  • Vehicle Telematics Garners Significant Attention for Fleet Management Function
  • Commercial Vehicle Telematics Play Crucial Role in Improving Fleet Management Operations
  • How Providers of Advanced Telematics would Help Companies in the Fleet Management Industry Become More Profitable and Also Attain their Sustainability Goals
  • Companies Move to Digital Transformation of Fleet Management Solutions to Gain Competitive Edge
  • Advent of New Technologies Make a Phenomenal Change in Fleet Management
  • How IoT and AI are Transforming Fleet Management
  • Top AI Strategies Transforming Fleet Operations
  • Big Data Offers Better Insights
  • Fleet Management Solutions Exploiting IoT: Key Use Cases
  • Growing Role of Mobile Technology in Fleet Management
  • Mobile Apps Heralding a Promising Future for Fleet Management
  • Rise of On-Demand Transport Services & Emphasis On Productivity Enhancement Make Fleet Management the Largest Telematics-Based Services Sector for M2M
  • Fleet Management Systems Play a Prominent Role in Oil & Gas Sector
  • Logistics Extends a Lucrative Opportunity for Fleet Management
  • A Glance at Advanced Fleet Management Technologies for Logistics Businesses
  • Growing Importance of Fleet Management in E-Commerce Logistics
  • Growth in eCommerce Logistics Market in US$ Million for 2020 and 2027
  • Self-Driving Trucks Emerge Into the Spotlight
  • Falling Costs of Hardware and IoT to Spur Adoption of Fleet Management Systems
  • Major Challenges Facing Fleet Management Systems Market
  • Challenging Aspects & IoT-Driven Remedies for Fleet Managers
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Fleet Management Systems Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Fleet Management Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Fleet Management Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 4: World 16-Year Perspective for Fleet Management Systems by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 7: World 16-Year Perspective for Solutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 10: World 16-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for On-Premise Deployment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 12: World Historic Review for On-Premise Deployment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 13: World 16-Year Perspective for On-Premise Deployment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Cloud Deployment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Cloud Deployment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 16: World 16-Year Perspective for Cloud Deployment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for ManUfacturing End-use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 18: World Historic Review for ManUfacturing End-use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 19: World 16-Year Perspective for ManUfacturing End-use by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Transportation End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Transportation End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 22: World 16-Year Perspective for Transportation End-Use by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Logistics End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Logistics End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 25: World 16-Year Perspective for Logistics End-Use by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Oil & Gas End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Oil & Gas End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 28: World 16-Year Perspective for Oil & Gas End-Use by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Chemicals End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Chemicals End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 31: World 16-Year Perspective for Chemicals End-Use by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 32: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 33: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 34: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Fleet Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Fleet Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
EUROPE
  • Fleet Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Fleet Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Fleet Management Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AT&T, Inc.
  • Avnet, Inc.
  • Bell Canada
  • Bartronics India Ltd.
  • Agero, Inc.
  • Babcock International Group PLC
  • AirIQ, Inc.
  • Aplicom Oy
  • ABAX as
  • Agile Fleet
  • Alphabet International GmbH
  • AssetWorks, LLC.
  • Avrios
  • Aurrigo
  • BlackBox GPS Technologies Pvt. Ltd.

Table Information