Fleet Management Market - Opportunity and Forecast, 2014-2022)

  • ID: 4173394
  • Report
  • 185 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • At&T Inc.
  • Cisco Systems, Inc.
  • Fleetmatics Group Plc
  • Freeway Fleet Systems
  • I.D. Systems
  • Ibm Corporation
  • MORE
Fleet management involves vehicle financing, driver management, fuel management, safety management, vehicle maintenance, and vehicle telematics of aircraft, watercraft, light commercial vehicle (cars, minivans, and others), heavy commercial vehicle (trucks, buses, trailers, tankers, and others), and railway. It benefits businesses that are greatly dependent on transportation of goods and services, with immense productivity and efficiency. Other advantages offered by fleet management include operational competency, enhanced safety of vehicle & driver, finance management, real-time fleet tracking & analysis.

the growth of the fleet management market is driven by rise in need to manage fleet in a more efficient way, increase in concerns about safety of a vehicle & the associated driver, stringent government regulations toward vehicle maintenance & tracking, obligatory incorporation of electronic logging device (ELD) in fleet, rise in adoption of wireless technology owing to their decreasing costs and easy availability. Advent and integration of IOT and information, communication, & technology (ICT) into industries such as automobiles, logistics, and transportation drive the market growth. In addition, compliance to government regulations to minimize co2 emission & continuous tracking of driver behavior, vehicle tracking, real-time visibility, driver management, and others have resulted in high market prospects. Furthermore, effective communication network with emergence of 4g, 5g, and other wireless technologies; growth in vehicle replacement market; and increase in international trade fuel the market growth. However, cost sensitivity among local players and less integrity of information restrain the market growth. Transportation and logistics industry is expected to offer lucrative opportunities for the fleet management businesses in the near future.

The global fleet management market is segmented on the basis of component, communication technology, vehicle type, industry, and geography. In terms of component, the fleet management industry is bifurcated into solution and services. solution segment is further segmented into asset management, operation management, and driver management solutions; whereas services is subsegmented into after-sales services, claim inspection services, vehicle tracking/follow-up services, and customer relationship management (CRM). Based on communication technology, the market is divided into GNSS and cellular system. Key industries served by the fleet management market include retail, government, transportation & logistics, automotive, and others (construction, manufacturing, and energy). Geographically, the fleet management market is analyzed across North America, Europe, Asia-pacific, and LAMEA.

Key benefits

In-depth analysis of the global fleet management market along with the dynamics is provided in the report to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2014 to 2022 is provided to assist strategists and stakeholders to capitalize on the prevailing opportunities.
Porter’s five forces analysis examines the competitive structure of the fleet management industry, and provides a clear understanding of the factors that influence the market entry and expansion.
A detailed analysis of the geographical segments enables identification of profitable segments to market players.
Comprehensive analyses of the trends, subsegments, and key revenue pockets are provided in the report.
Detailed analyses of the key players and their business strategies are anticipated to assist stakeholders to take informed business decisions.
Profile analyses of leading players operating in the fleet management industry are provided in the report, which highlight the major developmental strategies such as mergers & acquisitions, expansions, and new product launches adopted by these companies.

Fleet Management Market Key Segments

By Vehicle Type

Light Commercial Vehicle
Heavy Commercial Vehicle
Aircraft
Railway
Watercraft

By Component

Solution
Driver Management Solution
Operation Management Solution
Driver Management Solution
Services
After-Sales Services
Claim Inspection Services
Vehicle Tracking/Follow-Up Services
Customer Relationship Management (Crm)

By Communication Technology

Gnss (Satellite)
Cellular System

By Industries

Retail
Government
Transportation & Logistics
Automotive
Others (Manufacturing, Construction, And Energy)

By Geography

North America
Europe
Asia-Pacific
Lamea
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • At&T Inc.
  • Cisco Systems, Inc.
  • Fleetmatics Group Plc
  • Freeway Fleet Systems
  • I.D. Systems
  • Ibm Corporation
  • MORE
Chapter 1 Introduction

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2 Executive Summary

2.1. CXO Perspective

Chapter 3 Market Overview

3.1. Market Definition And Scope
3.2. Key Findings

3.2.1. Top Winning Strategies
3.2.2. Top Investment Pockets

3.3. Porters Five Forces Analysis

3.3.1. Moderate Bargaining Power Of Buyers Due To Highly Fragmented Market
3.3.2. Moderate Bargaining Power Of Suppliers Due To High Competition In The Market And Price Sensitivity Among Buyers
3.3.3. Unavailability Of Direct Substitutes Lead To Low Threat Of Substitutes
3.3.4. Moderate Threat Of New Entrants Owing To High Initial Investment Costs
3.3.5. High Degree Of Competition Due To Presence Of Large Number Of Players And High Exit Barriers

3.4. Market Share Analysis
3.5. Market Dynamics

3.5.1. Drivers

3.5.1.1. Need Of Operational Competency In Fleet Management
3.5.1.2. Rising Concerns About Fleet Safety
3.5.1.3. Mandatory Government Regulations
3.5.1.4. Compulsion Of Eld Implementation
3.5.1.5. Rising Adoption Of Wireless Technology Due To Falling Prices

3.5.2. Restraint

3.5.2.1. Cost Sensitivity In Local Players

3.5.3. Opportunities

3.5.3.1. Strengthening Communication Network
3.5.3.2. Growing Vehicle Replacement Market
3.5.3.3. Increase In International Trades For Goods And Services

3.5.4. Top Impacting Factors

Chapter 4 Global Fleet Management Market, By Component

4.1. Market Overview
4.2. Solution

4.2.1. Asset Management Solution
4.2.2. Operation Management Solution
4.2.3. Driver Management Solution
4.2.4. Key Market Trends
4.2.5. Key Growth Factors And Opportunities
4.2.6. Market Size And Forecast

4.3. Services

4.3.1. After Sales Service
4.3.2. Claim Inspection Services
4.3.3. Vehicle Tracking/Follow Up Services
4.3.4. Customer Relationship Management (Crm) Services
4.3.5. Key Market Trends
4.3.6. Key Growth Factors And Opportunities
4.3.7. Market Size And Forecast

Chapter 5 Global Fleet Management Market, By Vehicle Type

5.1. Market Overview
5.2. Heavy Commercial Vehicle

5.2.1. Key Market Trends
5.2.2. Key Growth Factors And Opportunities
5.2.3. Market Size And Forecast

5.3. Light Commercial Vehicle

5.3.1. Key Market Trends
5.3.2. Key Growth Factors And Opportunities
5.3.3. Market Size And Forecast

5.4. Aircraft

5.4.1. Key Market Trends
5.4.2. Key Growth Factors And Opportunities
5.4.3. Market Size And Forecast

5.5. Railway

5.5.1. Key Market Trends
5.5.2. Key Growth Factors And Opportunities
5.5.3. Market Size And Forecast

5.6. Watercraft

5.6.1. Key Market Trends
5.6.2. Key Growth Factors And Opportunities
5.6.3. Market Size And Forecast

Chapter 6 Global Fleet Management Market, By Communication Technology

6.1. Market Overview
6.2. Gnss (Satellite)

6.2.1. Key Market Trends
6.2.2. Key Growth Factors And Opportunities
6.2.3. Market Size And Forecast

6.3. Cellular System

6.3.1. Key Market Trends
6.3.2. Key Growth Factors And Opportunities
6.3.3. Market Size And Forecast

Chapter 7 Global Fleet Management Market, By Industry

7.1. Market Overview
7.2. Retail

7.2.1. Key Market Trends
7.2.2. Key Growth Factors And Opportunities
7.2.3. Market Size And Forecast

7.3. Government

7.3.1. Key Market Trends
7.3.2. Key Growth Factors And Opportunities
7.3.3. Market Size And Forecast

7.4. Transportation And Logistics

7.4.1. Key Market Trends
7.4.2. Key Growth Factors And Opportunities
7.4.3. Market Size And Forecast

7.5. Automotive

7.5.1. Key Market Trends
7.5.2. Key Growth Factors And Opportunities
7.5.3. Market Size And Forecast

7.6. Others (Construction, Manufacturing, Energy)

7.6.1. Key Market Trends
7.6.2. Key Growth Factors And Opportunities
7.6.3. Market Size And Forecast

Chapter 8 Fleet Management Market, By Geography

8.1. Overview
8.2. North America

8.2.1. Key Market Trends
8.2.2. Key Growth Factors And Opportunities
8.2.3. Market Size And Forecast
8.2.4. U.S.
8.2.4.1. Market Size And Forecast
8.2.5. Canada

8.2.5.1. Market Size And Forecast

8.2.6. Mexico

8.2.6.1. Market Size And Forecast

8.3. Europe

8.3.1. Key Market Trends
8.3.2. Key Growth Factors And Opportunities
8.3.3. Market Size And Forecast
8.3.4. Uk

8.3.4.1. Market Size And Forecast

8.3.5. Germany

8.3.5.1. Market Size And Forecast

8.3.6. France

8.3.6.1. Market Size And Forecast

8.3.7. Italy

8.3.7.1. Market Size And Forecast

8.3.8. Spain

8.3.8.1. Market Size And Forecast

8.3.9. Rest Of Europe

8.3.9.1. Market Size And Forecast

8.4. Asia-Pacific

8.4.1. Key Market Trends
8.4.2. Key Growth Factors And Opportunities
8.4.3. Market Size And Forecast
8.4.4. China

8.4.4.1. Market Size And Forecast

8.4.5. Japan

8.4.5.1. Market Size And Forecast

8.4.6. India

8.4.6.1. Market Size And Forecast

8.4.7. Australia

8.4.7.1. Market Size And Forecast

8.4.8. Rest Of Asia-Pacific

8.4.8.1. Market Size And Forecast

8.5. Lamea

8.5.1. Key Market Trends
8.5.2. Key Growth Factors And Opportunities
8.5.3. Market Size And Forecast
8.5.4. Latin America

8.5.4.1. Market Size And Forecast

8.5.5. Middle East

8.5.5.1. Market Size And Forecast

8.5.6. Africa

8.5.6.1. Market Size And Forecast

Chapter 9 Company Profiles

9.1. Tomtom N.V.

9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Business Performance
9.1.4. Key Strategic Moves And Developments

9.2. Navico

9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Business Performance
9.2.4. Key Strategic Moves And Developments

9.3. Mitac International Corporation

9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Business Performance
9.3.4. Key Strategic Moves And Developments

9.4. At&T Inc.

9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Business Performance
9.4.4. Key Strategic Moves And Developments

9.5. Fleetmatics Group Plc

9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Business Performance
9.5.4. Key Strategic Moves And Developments

9.6. Ibm Corporation

9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Business Performance
9.6.4. Key Strategic Moves And Developments

9.7. Freeway Fleet Systems

9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Business Performance
9.7.4. Key Strategic Moves And Developments

9.8. I.D. Systems

9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Business Performance
9.8.4. Key Strategic Moves And Developments

9.9. Telogis

9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Business Performance
9.9.4. Key Strategic Moves And Developments

9.10. Cisco Systems, Inc.

9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Business Performance
9.10.4. Key Strategic Moves And Developments
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4 of 5

FEATURED COMPANIES

  • At&T Inc.
  • Cisco Systems, Inc.
  • Fleetmatics Group Plc
  • Freeway Fleet Systems
  • I.D. Systems
  • Ibm Corporation
  • MORE
Fleet Management Market Report, forecasts that the global fleet management market size was $7,755 million in 2015, and is expected to reach $34,629 million by 2022. The cellular system segment is expected to dominate the market from 2016 to 2022. Asia-Pacific fleet management industry accounted for 40% of the market share in 2014, and is expected to show highest growth rate during the forecast period.

End users across the globe invest into fleet management activities to enhance various features of vehicle management solutions and to increase operational competency. Furthermore, rapid urbanization and increase in safety concerns have driven the market growth. However, cost sensitivity among local businesses hinders the growth of the global fleet management market.

By vehicle type, the railway segment dominated the fleet management industry with around 26% market share in 2014. The aircraft segment is projected to grow at the highest CAGR of 26.3% during the forecast period. Based on the communication technology, the market is categorized into global navigation satellite system (GNSS) and cellular system. The cellular system generated around 62% of total market revenue, whereas GNSS segment is projected to grow at the highest CAGR during the forecast period.

Among included industries, transportation & logistics segment accounted for 26% of the total market revenue, and is anticipated to grow at the highest CAGR of 26.2%. Government fleet management market is expected to register second highest growth rate during the forecast period. This is attributed to the fact that government organizations use outdated systems & services in fleet management, but have the potential to replace them with modern and automated systems. Key market players in the industry are either joining forces or acquiring other companies to strengthen their market position. These players introduce novel products and services to cater to the rising demand for efficient and productive fleet management. For example, in December 2016, Uber Technologies, Inc. launched a fleet app UberFLEET in India, which aimed to improve the productivity for the fleet owners by reducing the process downtime and efficient driver management.

Key Findings of the Fleet Management Market:

Among components, the solution segment led the overall fleet management market, in terms of revenue, and is projected to grow at a CAGR of 23.5% during the forecast period.
Global fleet management market size is expected to reach $34,629 million by 2022 at a significant CAGR during the forecast period.
The railway fleet management segment dominated the market in 2014, and is projected to grow at the highest CAGR.
Cellular system segment generated the maximum revenue in 2014, and is anticipated to grow at a CAGR of 23.9%.
Among industries, the transportation & logistics segment generated the highest revenue, and is projected to continue its dominance.
In 2014, Asia-Pacific was the dominant region, and is expected to grow at the fastest CAGR, with China leading the market.
Note: Product cover images may vary from those shown
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  • Tomtom N.V.
  • Navico
  • Fleetmatics Group Plc
  • At&T Inc.
  • Mitac International Corporation
  • Ibm Corporation
  • I.D. Systems
  • Telogis
  • Cisco Systems, Inc.
  • Freeway Fleet Systems
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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