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Fleet Management Market by Solution, Service, Deployment Type, Fleet Type, and Region - Global Forecast to 2023

  • ID: 4764976
  • Report
  • Region: Global
  • 155 Pages
  • Markets and Markets
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Global Fleet Management Market Size Expected to Grow from USD 15.9 Billion in 2018 to USD 31.5 Billion by 2023

FEATURED COMPANIES

  • Automotive Rentals Inc.
  • Chevin Fleet Solutions
  • GPS Insight
  • Masternaut
  • Nextraq
  • Teletrac Navman
  • MORE

Fleet Management Market by Solution (Operations Management, Vehicle Maintenance and Diagnostics, Performance Management, Fleet Analytics and Reporting), Service (Professional and Managed), Deployment Type, Fleet Type, and Region - Global Forecast to 2023

The increasing adoption of cloud and big data analytics to drive the growth of the fleet management market

The global fleet management market size is expected to grow from USD 15.9 billion in 2018 to USD 31.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period. The increasing number of cloud- deployments and growing use of big data analytics by organizations worldwide increase the need for the development of advanced fleet management solutions by solution providers. In addition to this, the growing number of fleets in many emerging countries drives the implementation of fleet management solutions in regions.

Among the solutions segment, the fleet analytics and reporting provider segment to grow at the highest CAGR during the forecast period

Under the solutions segment, the fleet analytics and reporting is expected to grow at a higher growth rate during the forecast period. The fleet analytics and reporting solution assists fleet companies in making smarter decisions by unlocking the business value of information hidden within massive amounts of fleet data. Reporting helps in identifying the fleets with greater maintenance needs by providing intelligence on carbon emissions, vehicle statistics, fuel transactions, and previous maintenance records.

Among the services segment, the professional services segment is expected to dominate the market during the forecast period

Under the services segment, the professional services segment is expected to hold a larger market size during the forecast period, due to the demand for implementing solutions, integration of new technologies, and complexity of infrastructures. For these reasons, many businesses are offering professional services to their customers.

Among regions, North America to hold the largest market share during the forecast period

North America is estimated to hold the largest market size in 2018, due to the early adoption of fleet management solutions by fleet businesses across the region. The government regulations, such as ELD mandates, have proven to be a major factor driving the growth of the fleet management market in the region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the fleet management market.

The breakup of the profiles of the primary participants is given below:

  • By Company: Tier 1 - 35%, Tier 2 - 40%, and Tier 3 - 25%
  • By Designation: C-Level - 30%, Director Level - 35%, Managers - 35%
  • By Region: North America - 40%, Europe - 30%, APAC - 20%, and RoW - 10%

The following key fleet management vendors are profiled in the report:

  • ARI Fleet Management (US),
  • Azuga (US)
  • Chevin Fleet Solutions (Australia)
  • Ctrack (US)
  • Donlen Corporation (US)
  • Geotab (Canada)
  • GPS Insight (US)
  • Masternaut (UK)
  • MiX Telematics (South Africa)
  • Nextraq (US)
  • Teletrac Navman (US)
  • Trimble (US)
  • Verizon Connect (US)
  • Wheels, Inc (US)
  • Fleetroot (UAE)

Research Coverage

The fleet management market is segmented on the basis of components (solutions [software and appliances] and services), deployment types (on-premises and cloud), services (professional services and managed services), and regions. A detailed analysis of the key industry players has been done to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; business expansions; and recent development associated with the global fleet management market.

Reasons to Buy the Report

The report would help market leaders/new entrants in the following ways:

  • It comprehensively segments the fleet management market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
  • It would help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
  • It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new service developments, partnerships, and acquisitions.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Automotive Rentals Inc.
  • Chevin Fleet Solutions
  • GPS Insight
  • Masternaut
  • Nextraq
  • Teletrac Navman
  • 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 Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Market Forecast
2.4 Competitive Leadership Mapping Research Methodology
2.5 Research Assumptions and Limitations
2.5.1 Assumptions for the Study
2.5.2 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Fleet Management Market
4.2 Market By Component, 2018
4.3 Market By Solution, 2015-2023
4.4 Market By Service, 2018 vs 2023
4.5 Market By Deployment Type, 2018-2023
4.6 Market By Fleet Type, 2018-2023
4.7 Market Investment Scenario

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Fleet Owners’ Increasing Focus on Operational Efficiency
5.2.1.2 Growing Adoption of Cloud Computing and Big Data Analytics Solutions for Streamlining Fleet Management Operations
5.2.1.3 Declining Hardware and IoT Connectivity Costs Leading to Increased Deployment of Fleet Management Solutions
5.2.1.4 Strict Government Mandates Creating New Revenue Streams for Vendors
5.2.2 Opportunities
5.2.2.1 Harnessing Telematics Data for Making Informed Business Decisions
5.2.2.2 Green Fleet Initiatives for Reducing the Environmental Impact and Ensuring Efficient Functioning of Fleets
5.2.2.3 Introduction of Autonomous Fleets to Provide Multiple Partnership Opportunities
5.2.3 Challenges
5.2.3.1 Driver Safety and Productivity Affecting Vehicle Uptime
5.2.3.2 Inaccurate Geocoding
5.2.3.3 Blind Spots in the Network Coverage
5.2.3.4 Rapidly Growing Data Volumes and Increasing Cyber Threats
5.3 Industry Trends
5.3.1 Unfulfilled Services
5.3.2 Future Trends

6 Fleet Management Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Operations Management
6.2.1.1 Fleet Tracking and Geofencing
6.2.1.1.1 Idle Time Monitoring of Drivers Helps in Increasing Productivity
6.2.1.2 Routing and Scheduling
6.2.1.2.1 Efficient Routing Helps in Minimizing the Fuel Consumption Leading to Improved Efficiency
6.2.2 Vehicle Maintenance and Diagnostics
6.2.2.1 Proactive Maintenance and Proper Scheduling Reduces the Vehicle Downtime
6.2.3 Performance Management
6.2.3.1 Driver Management
6.2.3.1.1 Driver Management Leads to Faster Delivery and Improved Vehicle Utilization
6.2.3.2 Fuel Management
6.2.3.2.1 Fuel Management to Support Fleet Performance Optimization and Help Maintain Environmental Sustainability
6.2.4 Fleet Analytics and Reporting
6.2.4.1 Real-Time Analytics Help Optimize Fleet Management Operations By Decreasing Vehicle Downtime and Reducing Fuel Consumption
6.2.5 Others
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.1.1 Consulting Helps in Effective Utilization of Time and Resources Through Proper Analysis of Impacting Factors
6.3.1.2 Implementation
6.3.1.2.1 Implementation Services to Witness the Highest Growth in Asia Pacific
6.3.1.3 Support and Maintenance
6.3.1.3.1 Rapid Deployment of Solutions Leading to Increased Requirement for Support and Maintenance Services
6.3.2 Managed Services
6.3.2.1 Managed Services Help Reduce Cost, Provide In-Time Delivery, and Decrease Complexities

7 Fleet Management Market Size, By Deployment Type
7.1 Introduction
7.2 On-Premises
7.2.1 On-Premises Deployment Ensures Full Control Over the Infrastructure But is Expensive
7.3 Cloud
7.3.1 Cost Effectiveness and Flexibility Provided By Cloud-Based Deployment Leading to Increased Adoption of Cloud-Based Fleet Management Solutions and Services

8 Fleet Management Market, By Fleet Type
8.1 Introduction
8.2 Commercial Fleets
8.2.1 Light Commercial Vehicles
8.2.1.1 North America is the Largest Contributor of Fleet Management in the LCV Segment
8.2.2 Medium and Heavy Commercial Vehicles
8.2.2.1 Fleet Management in M&HCV to Grow at the Highest Rate in APAC
8.3 Passenger Cars
8.3.1 Internal Combustion Engine
8.3.1.1 The Adoption Ice-Based Vehicles to Witness A Gradual Decline During the Forecast Period
8.3.2 Electric Vehicles
8.3.2.1 Electric Vehicles to Witness A Rapid Adoption During the Forecast Period

9 Fleet Management Market, By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.1.1 Adoption of Latest Fleet Management Solutions By Fleet Managers to Drive the Growth of Fleet Management in the US
9.2.2 Canada
9.2.2.1 Increasing Acquisitions of Companies in Canada By Major Fleet Management Players to Drive the Market Growth in Canada
9.3 Europe
9.3.1 United Kingdom
9.3.1.1 Integration of Telematics By Organizations in Their Fleet Businesses to Drive the Growth of the Market in This Region
9.3.2 Germany
9.3.2.1 Implementation of Euro 6 Emission Standards Set By the European Union to Hamper the Growth of the Market in Germany
9.3.3 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Increase in Corporate Fleet Sales Across the Country to Drive the Growth of the Market in China
9.4.2 Japan
9.4.2.1 Advent of Electric Vehicles/Hybrid Cars to Drive the Market in Japan
9.4.3 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.1.1 Security and Theft Protection Regulation in Brazil to Drive the Growth of the Market in Brazil
9.5.2 Mexico
9.5.2.1 Lack of Knowledge of Fleet Management Benefits to Impact the Growth of Fleet Management Solutions By Organizations in Mexico
9.5.3 Rest of Latin America
9.6 Middle East and Africa
9.6.1 Kingdom of Saudi Arabia
9.6.1.1 Lack of Good Operational and Remarketing Structure of Fleet Management in the Country to Affect the Growth of the Market in Kingdom of Saudi Arabia
9.6.2 South Africa
9.6.2.1 Lack of Technology Infrastructure and Political Instability to Affect the Growth of the Fleet Management Market in South Africa
9.6.3 Rest of MEA

10 Competitive Landscape
10.1 Competitive Leadership Mapping
10.1.1 Visionary Leaders
10.1.2 Innovators
10.1.3 Dynamic Differentiators
10.1.4 Emerging Companies
10.2 Ranking of Key Players for the Fleet Management Market, 2018
10.3 Competitive Leadership Mapping (Startup)
10.3.1 Progressive Companies
10.3.2 Responsive Companies
10.3.3 Dynamic Companies
10.3.4 Starting Blocks

11 Company Profiles
11.1 Donlen Corporation
(Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, View)*
11.2 Geotab
11.3 Inseego Corp
11.4 Automotive Rentals Inc.
11.5 Omnitracs
11.6 Teletrac Navman
11.7 Trimble
11.8 Verizon Connect
11.9 Wheels, Inc.
11.10 Mix Telematics
11.11 GPS Insight
11.12 Masternaut
11.13 Nextraq
11.14 Chevin Fleet Solutions
11.15 Azuga

*Details on Business Overview, Solutions, Products & Services, Key Insights, Recent Developments, SWOT Analysis, View Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 United States Dollar Exchange Rate, 2016-2018
Table 2 Factor Analysis
Table 3 Factors Outlining the Unfulfilled Services in the Fleet Management Market
Table 4 Trends Shaping Up Fleet Management
Table 5 Fleet Management Market Size, By Component, 2016-2023 (USD Million)
Table 6 Market Size By Solution, 2016-2023 (USD Million)
Table 7 Solutions: Market Size By Region, 2016-2023 (USD Million)
Table 8 Operations Management Market Size, By Type, 2016-2023 (USD Million)
Table 9 Operations Management Market Size, By Region, 2016-2023 (USD Million)
Table 10 Fleet Tracking and Geofencing Market Size, By Region, 2016-2023 (USD Million)
Table 11 Routing and Scheduling Market Size, By Region, 2016-2023 (USD Million)
Table 12 Vehicle Maintenance and Diagnostics Market Size, By Region, 2016-2023 (USD Million)
Table 13 Performance Management Market Size, By Type, 2016-2023 (USD Million)
Table 14 Performance Management Market Size, By Region, 2016-2023 (USD Million)
Table 15 Driver Management Market Size, By Region, 2016-2023 (USD Million)
Table 16 Fuel Management Market Size, By Region, 2016-2023 (USD Million)
Table 17 Fleet Analytics and Reporting Market Size, By Region, 2016-2023 (USD Million)
Table 18 Others Market Size, By Region, 2016-2023 (USD Million)
Table 19 Services: Fleet Management Market Size, By Type, 2016-2023 (USD Million)
Table 20 Services: Market Size By Region, 2016-2023 (USD Million)
Table 21 Professional Services Market Size, By Type, 2016-2023 (USD Million)
Table 22 Professional Services Market Size, By Region, 2016-2023 (USD Million)
Table 23 Consulting Market Size, By Region, 2016-2023 (USD Million)
Table 24 Implementation Market Size, By Region, 2016-2023 (USD Million)
Table 25 Support and Maintenance Market Size, By Region, 2016-2023 (USD Million)
Table 26 Managed Services Market Size, By Region, 2016-2023 (USD Million)
Table 27 Fleet Management Market Size, By Deployment Type, 2016-2023 (USD Million)
Table 28 On-Premises: Market Size By Region, 2016-2023 (USD Million)
Table 29 Cloud: Market Size By Region, 2016-2023 (USD Million)
Table 30 Fleet Management Market Size, By Fleet Type, 2016-2023 (USD Million)
Table 31 Commercial Fleets: Market Size By Type, 2016-2023 (USD Million)
Table 32 Commercial Fleets: Market Size By Region, 2016-2023 (USD Million)
Table 33 Light Commercial Vehicles Market Size, By Region, 2016-2023 (USD Million)
Table 34 Medium and Heavy Commercial Vehicles Market Size, By Region, 2016-2023 (USD Million)
Table 35 Passenger Cars: Market Size By Type, 2016-2023 (USD Million)
Table 36 Passenger Cars: Market Size By Region, 2016-2023 (USD Million)
Table 37 Internal Combustion Engine Market Size, By Region, 2016-2023 (USD Million)
Table 38 Electric Vehicles Market Size, By Region, 2016-2023 (USD Million)
Table 39 Fleet Management Market Size, By Region, 2016-2023 (USD Million)
Table 40 North America: Market Size By Component, 2016-2023 (USD Million)
Table 41 North America: Market Size By Solution, 2016-2023 (USD Million)
Table 42 North America: Operations Management Market Size, By Type, 2016-2023 (USD Million)
Table 43 North America: Performance Management Market Size, By Type, 2016-2023 (USD Million)
Table 44 North America: Market Size By Service, 2016-2023 (USD Million)
Table 45 North America: Market Size By Professional Service, 2016-2023 (USD Million)
Table 46 North America: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 47 North America: Market Size By Fleet Type, 2016-2023 (USD Million)
Table 48 North America: Commercial Fleets Market Size, By Type, 2016-2023 (USD Million)
Table 49 North America: Passenger Cars Market Size, By Type, 2016-2023 (USD Million)
Table 50 North America: Market Size By Country, 2016-2023 (USD Million)
Table 51 Europe: Fleet Management Market Size, By Type, 2016-2023 (USD Million)
Table 52 Europe: Market Size By Solution, 2016-2023 (USD Million)
Table 53 Europe: Operations Management Market Size, By Type, 2016-2023 (USD Million)
Table 54 Europe: Performance Management Market Size, By Type, 2016-2023 (USD Million)
Table 55 Europe: Market Size By Service, 2016-2023 (USD Million)
Table 56 Europe: Market Size By Professional Service, 2016-2023 (USD Million)
Table 57 Europe: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 58 Europe: Market Size By Fleet Type, 2016-2023 (USD Million)
Table 59 Europe: Commercial Fleets Market Size, By Type, 2016-2023 (USD Million)
Table 60 Europe: Passenger Cars Market Size, By Type, 2016-2023 (USD Million)
Table 61 Europe: Fleet Management Market Size, By Country, 2016-2023 (USD Million)
Table 62 Asia Pacific: Market Size By Type, 2016-2023 (USD Million)
Table 63 Asia Pacific: Market Size By Solution, 2016-2023 (USD Million)
Table 64 Asia Pacific: Operations Management Market Size, By Type, 2016-2023 (USD Million)
Table 65 Asia Pacific: Performance Management Market Size, By Type, 2016-2023 (USD Million)
Table 66 Asia Pacific: Market Size By Service, 2016-2023 (USD Million)
Table 67 Asia Pacific: Market Size By Professional Service, 2016-2023 (USD Million)
Table 68 Asia Pacific: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 69 Asia Pacific: Market Size By Fleet Type, 2016-2023 (USD Million)
Table 70 Asia Pacific: Commercial Fleets Market Size, By Type, 2016-2023 (USD Million)
Table 71 Asia Pacific: Passenger Cars Market Size, By Type, 2016-2023 (USD Million)
Table 72 Asia Pacific: Market Size By Country, 2016-2023 (USD Million)
Table 73 Latin America: Fleet Management Market Size, By Type, 2016-2023 (USD Million)
Table 74 Latin America: Market Size By Solution, 2016-2023 (USD Million)
Table 75 Latin America: Operations Management Market Size, By Type, 2016-2023 (USD Million)
Table 76 Latin America: Performance Management Market Size, By Type, 2016-2023 (USD Million)
Table 77 Latin America: Market Size By Service, 2016-2023 (USD Million)
Table 78 Latin America: Market Size By Professional Service, 2016-2023 (USD Million)
Table 79 Latin America: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 80 Latin America: Market Size By Fleet Type, 2016-2023 (USD Million)
Table 81 Latin America: Commercial Fleets Market Size, By Type, 2016-2023 (USD Million)
Table 82 Latin America: Passenger Cars Market Size, By Type, 2016-2023 (USD Million)
Table 83 Latin America: Market Size By Country, 2016-2023 (USD Million)
Table 84 Middle East and Africa: Fleet Management Market Size, By Component, 2016-2023 (USD Million)
Table 85 Middle East and Africa: Market Size By Solution, 2016-2023 (USD Million)
Table 86 Middle East and Africa: Operations Management Market Size, By Type, 2016-2023 (USD Million)
Table 87 Middle East and Africa: Performance Market Size, By Type, 2016-2023 (USD Million)
Table 88 Middle East and Africa: Market Size By Service, 2016-2023 (USD Million)
Table 89 Middle East and Africa: Market Size By Professional Service, 2016-2023 (USD Million)
Table 90 Middle East and Africa: Market Size By Deployment Type, 2016-2023 (USD Million)
Table 91 Middle East and Africa: Market Size By Fleet Type, 2016-2023 (USD Million)
Table 92 Middle East and Africa: Commercial Fleets Market Size, By Type, 2016-2023 (USD Million)
Table 93 Middle East and Africa: Passenger Cars Market Size, By Type, 2016-2023 (USD Million)
Table 94 Middle East and Africa: Market Size By Country, 2016-2023 (USD Million)

List of Figures
Figure 1 Fleet Management Market Segmentation
Figure 2 Regions Covered
Figure 3 Market Research Design
Figure 4 Market Breakup and Data Triangulation
Figure 5 Fleet Management Market: Top-Down and Bottom-Up Approaches
Figure 6 Competitive Leadership Mapping: Criteria Weightage
Figure 7 Competitive Leadership Mapping (Start-Up): Criteria Weightage
Figure 8 Fleet Management Market to Witness Significant Growth During the Forecast Period
Figure 9 Top 3 Leading Segments in the Fleet Management Market in 2018
Figure 10 Fleet Management Regional Market Scenario
Figure 11 Strict Regulatory Mandates in North America and Europe to Drive the Market Growth
Figure 12 Solutions Segment to Hold A Larger Market Share in the Market in 2018
Figure 13 Operations Management Segment to Lead the Market During the Forecast Period
Figure 14 Professional Services Segment to Lead the Market in Terms of Market Share During the Forecast Period
Figure 15 Cloud Segment to Lead the Market in Terms of Market Share During the Forecast Period
Figure 16 Passenger Cars Segment to Lead the Market in Terms of Market Share During the Forecast Period
Figure 17 Market Investment Scenario
Figure 18 Drivers, Opportunities, and Challenges: Fleet Management Market
Figure 19 Solutions Segment to Hold A Higher Share in the Market During the Forecast Period
Figure 20 Operations Management Segment to Account for the Largest Market Size in the Market By Solution
Figure 21 Professional Services Segment to Account for A Larger Market Size During the Forecast Period
Figure 22 Cloud Segment to Account for A Larger Market Size in 2023
Figure 23 Passenger Cars Segment to Account for A Larger Market Size During the Forecast Period
Figure 24 North America to Account for the Largest Market Size in the Fleet Management Market During the Forecast Period
Figure 25 Market in Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Fleet Management Market (Global) Competitive Leadership Mapping
Figure 29 Ranking of Key Players, 2018
Figure 30 Startup Microquadrant
Figure 31 Inseego Corp: Company Snapshot
Figure 32 Trimble: Company Snapshot
Figure 33 Verizon Communications: Company Snapshot
Figure 34 Mix Telematics: Company Snapshot

Note: Product cover images may vary from those shown
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  • Automotive Rentals Inc.
  • Azuga
  • Chevin Fleet Solutions
  • Geotab
  • GPS Insight
  • Inseego Corp
  • Masternaut
  • Mix Telematics
  • Nextraq
  • Omnitracs
  • Teletrac Navman
  • Trimble
  • Verizon Connect
  • Wheels, Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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