Fleet Management Market by Solution (Operations Management, Information Management, Risk Management, Vehicle Maintenance & Leasing, Safety & Compliance Management), Service, Deployment Type, Fleet Type and Region - Global forecast to 2022

  • ID: 4390926
  • Report
  • Region: Global
  • 159 Pages
  • Markets and Markets
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Fleet Management Market Size Expected to Grow from USD 13.78 Billion in 2017 to USD 28.66 Billion by 2022, at a CAGR of 15.8% During the Forecast Period

FEATURED COMPANIES

  • AT&T
  • Donlen Corporation
  • Geotab (Canada)
  • LeasePlan USA
  • Masternaut Limited
  • Omnitracs
  • MORE

The growing need for operational efficiency is expected to drive the growth of the fleet management market
The fleet management market size is expected to grow from USD 13.78 billion in 2017 to USD 28.66 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period. The major driver for the upsurge in the demand of the fleet management market is said to be the declining hardware and connectivity costs, leading to the increased deployment of fleet management solutions. The major restraining factor is expected to be the cost sensitivity of fleet owners, which is restricting the deployment of advanced fleet management technologies.

Cloud deployment type is expected to grow at the fastest rate during the forecast period
The cloud deployment type is expected to witness the highest growth rate during the forecast period, owing to its cost-effectiveness, scalability, and ease of accessibility to organizational content, regardless of the employee location, thereby supplementing the business continuity.

Passenger cars segment is expected to hold the largest market share market during the forecast period
The passenger cars segment is expected to hold largest market share during the forecast period, owing to its large presence and increased deployment of advanced fleet management technology, especially by the fleet leasing companies.

Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period
As per the geographic analysis, the APAC region is expected to witness the fastest growth in the fleet management market, due to the increasing adoption of advanced technologies and increasing Gross Domestic Product (GDP) in countries. North America is expected to hold the largest market share during the forecast period, owing to the early adoption of fleet management technology and the increasing government regulations, policies, and mandates.

The break-up profiles of the primary discussion participants are given below:

  • By Company Type: Tier 1 (53%), Tier 2 (33%), and Tier 3 (14%)
  • By Designation: C-Level (60%), Director Level (10%), and Manager Level (30%)
  • By Region: North America (35%), Europe (25%), APAC (30%), and RoW (10%)

The key fleet management market vendors profiled in the report are as follows:
1. AT&T (US)
2. Donlen Corporation (US)
3. Geotab (Canada)
4. LeasePlan USA (US)
5. Masternaut Limited (UK)
6. Merchants Fleet Management (US)
7. Omnitracs (US)
8. Teletrac Navman (US)
9. Trimble (US)
10. Verizon Telematics (US)
11. Wheels, Inc. (US)
12. WorkWave (US)

Research Coverage
The global fleet management market has been segmented on the basis of types (solutions and services), deployment types, fleet types, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across different regions. In addition to this, the strength of product portfolio and business strategy excellence are some of the other MarketsandMarkets analysis included in the report.

Reasons to Buy the Report
The report will help the market leaders/new entrants in the fleet management market in the following ways:
1. The report segments the fleet management market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps the stakeholders understand the competitors and gain more insights to better their position in the market.

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FEATURED COMPANIES

  • AT&T
  • Donlen Corporation
  • Geotab (Canada)
  • LeasePlan USA
  • Masternaut Limited
  • Omnitracs
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Microquadrant Research Methodology
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Fleet Management Market
4.2 Fleet Management Market Snapshot (2017 vs 2022)
4.3 Fleet Management Market, By Type, 2017 Vs.2022
4.4 Fleet Management Market, By Solution, 2015–2022
4.5 Fleet Management Market, By Service, 2017 Vs.2022
4.6 Life Cycle Analysis, By Region, 2017
4.7 Market Investment Scenario

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Innovation Spotlight
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Need for Operational Efficiency in Fleet Owning Organizations
5.3.1.2 Increasing Adoption of Cloud Computing for Streamlining Fleet Management Operations
5.3.1.3 Declining Hardware and Connectivity Costs Leading to the Increased Deployment of Fleet Management Solutions
5.3.1.4 Eld Mandate is Driving New Revenue Streams for Vendors
5.3.2 Restraints
5.3.2.1 Cost Sensitivity of Fleet Owners is A Major Hurdle in the Deployment of Advanced Fleet Management Technologies
5.3.2.2 Growing Data Volumes Leading to Increased Cyber Threats
5.3.3 Opportunities
5.3.3.1 Telematics Data Can Be Harnessed to Make Informed Business Decisions
5.3.3.2 Green Fleet Initiatives Reduce the Environmental Impact and Ensure Efficient Functioning of Fleets
5.3.4 Challenges
5.3.4.1 Driver Safety and Productivity are the Major Concerns Affecting Vehicle Uptime
5.3.4.2 Data Management is A Complex Process for Vendors
5.3.4.3 Fuel Price Volatility is A Major Factor Impacting Planned Fleet Budgets

6 Fleet Management Market Analysis, By Type
6.1 Introduction
6.2 Solutions
6.2.1 Operations Management
6.2.1.1 Location Tracking and Geo-Fencing
6.2.1.2 Route Optimization and Navigation
6.2.2 Information Management
6.2.2.1 Vehicle Telematics
       6.2.2.1.1 Driver Management
       6.2.2.1.2 Remote Fleet Diagnostics
       6.2.2.1.3 Fuel Management
6.2.2.2 Fleet Analytics
6.2.3 Risk Management
6.2.3.1 Vehicle Security
6.2.3.2 Crash Management
6.2.3.3 Insurance Management
6.2.4 Vehicle Maintenance and Leasing
6.2.5 Safety and Compliance Management
6.2.6 Others
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.2 System Integration and Deployment
6.3.1.3 Support and Maintenance
6.3.2 Managed Services

7 Fleet Management Market Analysis, By Deployment Type
7.1 Introduction
7.2 On-Premises
7.3 Cloud
7.4 Hybrid

8 Fleet Management Market Analysis, By Fleet Type
8.1 Introduction
8.2 Commercial Fleets
8.2.1 LCV
8.2.2 M&HCV
8.3 Passenger Cars

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Latin America
9.6 Middle East and Africa

10 Competitive Landscape
10.1 Microquadrant Overview
10.1.1 Visionary Leaders
10.1.2 Innovators
10.1.3 Dynamic Differentiators
10.1.4 Emerging Companies
10.2 Competitive Benchmarking
10.2.1 Strength of Product Portfolio Adopted By Major Players in the Fleet Management Market
10.2.2 Business Strategy Excellence Adopted By Major Players in the Fleet Management Market

11 Company Profiles
11.1 AT&T
11.2 Donlen Corporation
11.3 Geotab
11.4 Leaseplan USA
11.5 Masternaut
11.6 Merchants Fleet Management
11.7 Omnitracs
11.8 Teletrac Navman
11.9 Tomtom Telematics
11.10 Trimble
11.11 Verizon Telematics
11.12 Wheels, Inc.
11.13 Workwave

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables (99 Tables)

Table 1 USD Exchange Rate, 2014–2016
Table 2 Fleet Management Market, By Type, 2015–2022 (USD Million)
Table 3 Fleet Management Market, By Solution, 2015–2022 (USD Million)
Table 4 Solutions: Fleet Management Market, By Region, 2015–2022 (USD Million)
Table 5 Operations Management Market, By Type, 2015–2022 (USD Million)
Table 6 Operations Management Market, By Region, 2015–2022 (USD Million)
Table 7 Location Tracking and Geo-Fencing Market, By Region, 2015–2022 (USD Million)
Table 8 Route Optimization and Navigation Market, By Region, 2015–2022 (USD Million)
Table 9 Information Management Market, By Type, 2015–2022 (USD Million)
Table 10 Information Management Market, By Region, 2015–2022 (USD Million)
Table 11 Vehicle Telematics Market, By Type, 2015–2022 (USD Million)
Table 12 Vehicle Telematics Market, By Region, 2015–2022 (USD Million)
Table 13 Driver Management Market, By Region, 2015–2022 (USD Million)
Table 14 Remote Fleet Diagnostics Market, By Region, 2015–2022 (USD Million)
Table 15 Fuel Management Market, By Region, 2015–2022 (USD Million)
Table 16 Fleet Analytics Market, By Region, 2015–2022 (USD Million)
Table 17 Risk Management Market, By Type, 2015–2022 (USD Million)
Table 18 Risk Management Market, By Region, 2015–2022 (USD Million)
Table 19 Vehicle Security Market, By Region, 2015–2022 (USD Million)
Table 20 Crash Management Market, By Region, 2015–2022 (USD Million)
Table 21 Insurance Management Market, By Region, 2015–2022 (USD Million)
Table 22 Vehicle Maintenance and Leasing Market, By Region, 2015–2022 (USD Million)
Table 23 Safety and Compliance Management Market, By Region, 2015–2022 (USD Million)
Table 24 Other Solutions Market , By Region, 2015–2022 (USD Million)
Table 25 Services: Fleet Management Market, By Type, 2015–2022 (USD Million)
Table 26 Services: Fleet Management Market, By Region, 2015–2022 (USD Million)
Table 27 Professional Services Market, By Type, 2015–2022 (USD Million)
Table 28 Professional Services Market, By Region, 2015–2022 (USD Million)
Table 29 Consulting Services Market, By Region, 2015–2022 (USD Million)
Table 30 System Integration and Deployment Market, By Region, 2015–2022 (USD Million)
Table 31 Support and Maintenance Market, By Region, 2015–2022 (USD Million)
Table 32 Managed Services Market, By Region, 2015–2022 (USD Million)
Table 33 Fleet Management Market, By Deployment Type, 2015–2022 (USD Million)
Table 34 On-Premises: Fleet Management Market, By Region, 2015–2022 (USD Million)
Table 35 Cloud: Fleet Management Market, By Region, 2015–2022 (USD Million)
Table 36 Hybrid: Fleet Management Market, By Region, 2015–2022 (USD Million)
Table 37 Fleet Management Market, By Fleet Type, 2015–2022 (USD Million)
Table 38 Commercial Fleets: Fleet Management Market, By Type, 2015–2022 (USD Million)
Table 39 Commercial Fleets: Fleet Management Market, By Region, 2015–2022 (USD Million)
Table 40 LCV Market, By Region, 2015–2022 (USD Million)
Table 41 M&HCV Market, By Region, 2015–2022 (USD Million)
Table 42 Passenger Cars: Fleet Management Market, By Region, 2015–2022 (USD Million)
Table 43 Fleet Management Market, By Region, 2015–2022 (USD Million)
Table 44 North America: Fleet Management Market, By Type, 2015–2022 (USD Million)
Table 45 North America: Fleet Management Market, By Solution, 2015–2022 (USD Million)
Table 46 North America: Operations Management Market, By Type, 2015–2022 (USD Million)
Table 47 North America: Information Management Market, By Type, 2015–2022 (USD Million)
Table 48 North America: Vehicle Telematics Market, By Type, 2015–2022 (USD Million)
Table 49 North America: Risk Management Market, By Type, 2015–2022 (USD Million)
Table 50 North America: Fleet Management Market, By Service, 2015–2022 (USD Million)
Table 51 North America: Fleet Management Market, By Professional Service, 2015–2022 (USD Million)
Table 52 North America: Fleet Management Market, By Deployment Type, 2015–2022 (USD Million)
Table 53 North America: Fleet Management Market, By Fleet Type, 2015–2022 (USD Million)
Table 54 North America: Commercial Fleets Market, By Type, 2015–2022 (USD Million)
Table 55 Europe: Fleet Management Market , By Type, 2015–2022 (USD Million)
Table 56 Europe: Fleet Management Market, By Solution, 2015–2022 (USD Million)
Table 57 Europe: Operations Management Market , By Type, 2015–2022 (USD Million)
Table 58 Europe: Information Management Market, By Type, 2015–2022 (USD Million)
Table 59 Europe: Vehicle Telematics Market, By Type, 2015–2022 (USD Million)
Table 60 Europe: Risk Management Market, By Type, 2015–2022 (USD Million)
Table 61 Europe: Fleet Management Market , By Service, 2015–2022 (USD Million)
Table 62 Europe: Fleet Management Market , By Professional Service, 2015–2022 (USD Million)
Table 63 Europe: Fleet Management Market , By Deployment Type, 2015–2022 (USD Million)
Table 64 Europe: Fleet Management Market, By Fleet Type, 2015–2022 (USD Million)
Table 65 Europe: Commercial Fleets Market , By Type, 2015–2022 (USD Million)
Table 66 Asia Pacific: Fleet Management Market , By Type, 2015–2022 (USD Million)
Table 67 Asia Pacific: Fleet Management Market, By Solution, 2015-2022 (USD Million)
Table 68 Asia Pacific: Operations Management Market , By Type, 2015–2022 (USD Million)
Table 69 Asia Pacific: Information Management Market, By Type, 2015–2022 (USD Million)
Table 70 Asia Pacific: Vehicle Telematics Market , By Type, 2015–2022 (USD Million)
Table 71 Asia Pacific: Risk Management Market , By Type, 2015–2022 (USD Million)
Table 72 Asia Pacific: Fleet Management Market , By Service, 2015–2022 (USD Million)
Table 73 Asia Pacific: Fleet Management Market , By Professional Service, 2015–2022 (USD Million)
Table 74 Asia Pacific: Fleet Management Market , By Deployment Type, 2015–2022 (USD Million)
Table 75 Asia Pacific: Fleet Management Market, By Fleet Type, 2015–2022 (USD Million)
Table 76 Commercial Fleets: Fleet Management Market , By Type, 2015–2022 (USD Million)
Table 77 Latin America: Fleet Management Market , By Type, 2015–2022 (USD Million)
Table 78 Latin America: Fleet Management Market, By Solution, 2015–2022 (USD Million)
Table 79 Latin America: Operations Management Market, By Type, 2015–2022 (USD Million)
Table 80 Latin America: Information Management Market , By Type, 2015–2022 (USD Million)
Table 81 Latin America: Vehicle Telematics Market , By Type, 2015–2022 (USD Million)
Table 82 Latin America: Risk Management Market, By Type, 2015–2022 (USD Million)
Table 83 Latin America: Fleet Management Market, By Service, 2015–2022 (USD Million)
Table 84 Latin America: Fleet Management Market, By Professional Service, 2015–2022 (USD Million)
Table 85 Latin America: Fleet Management Market , By Deployment Type, 2015–2022 (USD Million)
Table 86 Latin America: Fleet Management Market, By Fleet Type, 2015–2022 (USD Million)
Table 87 Latin America: Commercial Fleets Market , By Type, 2015–2022 (USD Million)
Table 88 Middle East and Africa: Fleet Management Market , By Type, 2015–2022 (USD Million)
Table 89 Middle East and Africa: Fleet Management Market , By Solution, 2015–2022 (USD Million)
Table 90 Middle East and Africa: Operations Management Market, By Type, 2015–2022 (USD Million)
Table 91 Middle East and Africa: Information Management Market, By Type, 2015–2022 (USD Million)
Table 92 Middle East and Africa: Vehicle Telematics Market , By Type, 2015–2022 (USD Million)
Table 93 Middle East and Africa: Risk Management Market , By Type, 2015–2022 (USD Million)
Table 94 Middle East and Africa: Fleet Management Market, By Service, 2015–2022 (USD Million)
Table 95 Middle East and Africa: Fleet Management Market , By Professional Service, 2015–2022 (USD Million)
Table 96 Middle East and Africa: Fleet Management Market , By Deployment Type, 2015–2022 (USD Million)
Table 97 Middle East and Africa: Fleet Management Market, By Fleet Type, 2015–2022 (USD Million)
Table 98 Middle East and Africa: Commercial Fleets Market, By Type, 2015–2022 (USD Million)
Table 99 Market Ranking for Top Players in the Fleet Management Market, 2017

List of Figures (33 Figures)

Figure 1 Fleet Management Market: Market Segmentation
Figure 2 Fleet Management Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Microquadrant: Criteria Weightage
Figure 8 Fleet Management Market: Assumptions
Figure 9 Fleet Management Market is Expected to Witness Significant Growth During the Forecast Period
Figure 10 Top Three Leading Segments in the Fleet Management Market in 2017
Figure 11 Fleet Management Regional Market Scenario
Figure 12 Strict Regulatory Mandates in North America and Europe are Driving the Market Growth
Figure 13 The Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Solutions Segment is Expected to Be the Major Contributor in the Fleet Management Market in 2017 and 2022
Figure 15 Operations Management Segment is Expected to Lead the Fleet Management Market During the Forecast Period
Figure 16 Professional Services Segment is Expected to Lead the Fleet Management Market in Terms of Market Share in 2017 and 2022
Figure 17 The Market in Asia Pacific is Expected to Exhibit High Growth Potential During the Forecast Period
Figure 18 Fleet Management Market: Market Investment Scenario
Figure 19 Fleet Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Solutions Segment is Expected to Hold the Larger Share in the Fleet Management Market During the Forecast Period
Figure 21 Operations Management Solution is Expected to Account for the Largest Market in the Fleet Management Market, By Solution
Figure 22 Professional Services Segment is Expected to Have the Larger Market Size During the Forecast Period
Figure 23 Cloud Segment is Expected to Have the Largest Market Value in 2022
Figure 24 Passenger Cars Segment is Expected to Have the Larger Market Size During the Forecast Period
Figure 25 North America is Expected to Have the Largest Market Value in the Fleet Management Market During the Forecast Period
Figure 26 The Market in Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Fleet Management Market (Global), Competitive Leadership Mapping, 2017
Figure 30 AT&T: Company Snapshot
Figure 31 Tomtom Telematics: Company Snapshot
Figure 32 Trimble: Company Snapshot
Figure 33 Verizon Communications: Company Snapshot

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  • AT&T
  • Donlen Corporation
  • Geotab (Canada)
  • LeasePlan USA
  • Masternaut Limited
  • Merchants Fleet Management
  • Omnitracs
  • Teletrac Navman
  • Trimble
  • Verizon Telematics
  • Wheels, Inc.
  • WorkWave
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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