Installed Base of FM Systems to Reach 25 Million Units by 2026
Fleet management is an ambiguous term used in reference to a wide range of solutions for different vehicle-related applications. The analyst's definition of a fleet management solution is a vehicle-based system that incorporates data logging, satellite positioning and data communications to a backoffice application. The history of fleet management solutions goes back several decades. On-board vehicle computers first emerged in the 1980s and were soon connected to various networks. Today mobile networks can provide ubiquitous online connectivity at a reasonable cost and mobile computing technology delivers very high performance, as well as excellent usability. All of these components combined enable the delivery of vehicle management, transport management, driver management and mobile workforce management applications linking vehicles and enterprise IT systems.
Commercial vehicle fleets play an essential role in the European economy. According to official statistics there were 41.1 million commercial vehicles in use in EU22+3 in 2020. The 6.7 million medium and heavy trucks accounted for more than 75% of all inland transports, forming a €250 billion industry. Approximately 0.8 million buses and coaches stood for 9.3% of all passenger kilometres. The greater part of the 33.7 million light commercial vehicles (LCV) in Europe was used by mobile workers and for activities such as distribution of goods and parcels. Last but not least, there are an estimated 22.7 million passenger cars owned by companies and governments in EU27+3.
The analyst is of the opinion that the European fleet management market has entered a growth period that will last for several years to come. Individual markets may however suffer temporary setbacks, depending on the development of the general economy in the region and Ukraine crisis. The number of fleet management systems in active use is forecasted to grow at a compound annual growth rate of 13.6% from 13.2 million units at the end of 2021 to 25 million by 2026. The penetration rate in the total population of non-privately owned commercial vehicles and cars is estimated to increase from 20.8% in 2021 to 37.5% in 2026.
A group of international aftermarket solution providers have emerged as the leaders on the European fleet management market. The analyst ranks Webfleet as the largest vendor in Europe at the end of 2021 with 700,000 subscribers in the region, followed by Targa Telematics and Verizon Connect with 645,000 and 478,000 subscribers respectively. Transics is ranked as the largest player in the aftermarket heavy trucks segment with an estimated 190,000 active units installed. Other significant players include European companies such as ABAX, Bornemann, AddSecure Smart Transport, Michelin Connected Fleet, Gurtam, Radius Telematics, Viasat, GSGroup, Quartix, Océan (Orange), Microlise, Macnil, Eurowag Telematics, RAM Tracking and Coyote and international players like Trimble, Teletrac Navman, Inseego and Calamp from the US, Fleet Complete from Canada, Astrata Europe from Singapore and the South African telematics providers Cartrack and MiX Telematics.
All major truck manufacturers on the European market offer OEM telematics solutions as part of their product portfolio. A major trend in the past years has been the announcements of standard line fitment of fleet management solutions. Since the end of 2011, Scania is rolling out the Scania Communicator as standard on all European markets and includes a ten-year basic service subscription. All medium and heavy duty trucks from Daimler Truck contains the Fleetboard vehicle computer as standard and the buses are equipped with OMNIplus ON. Volvo offers Dynafleet as standard in Europe. New MAN trucks are now equipped with RIO as standard replacing MAN TeleMatics. DAF launched its new optional DAF Connect that has been developed in-house in 2016. The leading OEMs in Europe are Scania, Daimler and Volvo with 363,000, 156,000 and 145,000 active FM subscribers respectively at the end of 2021.
The consolidation trend continues and seven M&A activities have taken place in 2022 so far. Infobric Group acquired Total Car’s logbook and driver journal business. Zucchetti Group divested its share in Macnil back to the founders that now own 100%. The W.A.G. Payment Solutions (Eurowag) Group completed an acquisition of substantially all of the assets of WebEye. MiX Telematics acquired Trimble’s Field Service Management’s (FSM) business. ABAX acquired the fleet business of Connected Cars in Denmark. Main Capital Partners acquired a majority share in FleetGO and at the same time also Wanko. Finally, Eurowag announced the acquisition of INELO Group from Innova Capital. The transaction will expand Eurowag’s geographic footprint across 16 European markets and roughly double its base of telematics devices.
Highlights from the report:
- Insights from 50 new executive interviews with market leading companies.
- New data on vehicle populations and commercial fleets in Europe.
- Comprehensive overview of the fleet management value chain and key applications.
- In-depth analysis of market trends and key developments.
- Updated and new profiles of 116 aftermarket fleet management solution providers.
- Summary of OEM propositions from truck, trailer and construction equipment brands.
- Revised market forecasts lasting until 2026.
This report answers the following questions:
- What are the key drivers behind the adoption of FMS in Europe?
- Who are the leading providers of aftermarket fleet management solutions in Europe?
- What offerings are available from truck, trailer and construction equipment OEMs?
- What impact will standard factory installed FM systems from the OEMs have on the market?
- What are the FMS vendors’ hardware strategies and thoughts on BYOD?
- How has the FMS market coped with the COVID-19 crisis?
- Will the FM industry consolidate further during 2023?
- How will the commercial vehicle telematics industry evolve in the future?
Who should read this report?
Fleet Management in Europe is the foremost source of information about the Commercial Vehicle Telematics and Fleet Management market in this region. Whether you are a telematics vendor, vehicle manufacturer, telecom operator, investor, consultant, or government agency, you will gain valuable insights from this in-depth research based on hundreds of interviews with the companies involved in this market.
Report Attribute | Details |
---|---|
No. of Pages | 240 |
Published | December 2022 |
Forecast Period | 2021 - 2026 |
Estimated Market Value in 2021 | 13.2 Million Units |
Forecasted Market Value by 2026 | 25 Million Units |
Compound Annual Growth Rate | 13.6% |
Regions Covered | Europe |
Table of Contents
Executive Summary
How will the market for fleet management systems for commercial vehicles in Europe evolve in 2023 and beyond? Now in its seventeenth edition, this strategy report covers the latest trends and developments in the dynamic commercial vehicle telematics industry. The report forecasts that the number of fleet management systems in active use in the region is forecasted to grow at a CAGR of 13.6% from 13.2 million units at the end of 2021 to 25 million by 2026. Get up to date with the latest information about vendors, products and markets.
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3Dtracking
- ABAX
- Actia
- Actia Telematics Services
- AddSecure Smart Transport
- Advantech
- Aplicom
- ArealControl
- AROBS Transilvania Software
- Astrata Europe
- BigChange
- Bobcat
- Bornemann
- CalAmp
- CameraMatics
- Cartrack (Karooooo)
- Caterpillar
- CCS (Fleetcor)
- CLS Group
- CMS SupaTrak
- Commander
- Continental
- Coyote
- Crystal Ball
- CVS Mobile
- DAF Trucks
- Daimler Truck Group and Mercedes-Benz Group
- Deere & Company
- ECIT Autogear
- Eliot
- ENAiKOON
- ERM Advanced Telematics
- ETA Automatizari Industriale
- Eurowag Telematics
- Exeros Technologies
- Fleet Complete
- Fleet Services (GPS Bulgaria)
- FleetGO
- Frotcom International
- G4S Telematix
- GeoDynamics
- Geotab
- GMV
- GPS-Buddy
- GpsGate
- GreenRoad
- GSGroup
- GSMvalve
- Gurtam
- Hyundai Construction Equipment
- i-Cell
- IAV
- iData
- Idem Telematics
- Infobric Fleet
- Infogestweb (Golia)
- Inseego
- Inter-Data
- Iveco
- JCB
- John Deere Electronic Solutions
- Knorr-Bremse
- Komatsu
- Krone
- Kögel
- Lantronix
- Lightfoot
- Linqo
- Locatel
- Locus Solutions
- Logifleet
- Loqus
- Lytx
- Macnil
- MAN Truck & Bus
- Mapon
- Matrix iQ
- Michelin Connected Fleet (Masternaut)
- Micpoint
- Microlise
- Micronet
- Mireo
- MiX Telematics
- mobileObjects
- Munic
- Océan (Orange Business Services)
- Optimum Automotive Group (Mapping Control)
- ORBCOMM
- PowerFleet (Cellocator)
- Prometheus Informatics
- Quake Global
- Quartix
- Radius Telematics (Kinesis)
- RAM Tracking
- Route42
- RouteVision
- Samsara
- Satdata
- Sateliun
- Satmo
- Scania
- Schmitz Cargobull
- Sherlog Technology
- Simpliciti
- SmartDrive Systems (Solera Fleet Solutions)
- SmartWitness (Sensata Technologies)
- SoFleet (Synox)
- Spedion
- Squarell Technology
- Stoneridge Electronics
- Strada
- Streamax
- SuiviDeFlotte.net
- Suivo
- SureCam
- Targa Telematics
- Tecmic
- TEKSAT
- Teletrac Navman
- Total Car
- Trackunit
- Trackysat
- Trakm8
- Tramigo
- Transics - a ZF company
- Transpoco
- Trimble
- Triona
- Truckonline
- Ubiwan
- Vehizen
- Verizon Connect
- Vialumina
- Viasat Group
- Vimcar
- Vision Techniques
- VisionTrack
- VISPIRON
- Vodafone Automotive
- Volvo CE
- Volvo Group (including Renault Trucks)
- VUE
- WebEye Telematics Group
- Webfleet
- YellowFox
- Zeekit
- ZF (WABCO)
- ZF Openmatics
Methodology
The Internet of Things is very diverse. There are hundreds of different use cases, each with different dynamics. The starting point is to segment the market.
The analyst begins with a number of sectors: Automotive, Cities, Health, Industry, Home, Industrial, Energy, Retail and Consumer Electronics. Each of these sectors breaks down into a number of applications. In total across all sectors, the analyst examines around 150 separate applications. It is at this application level that they generate their IoT forecast. The analyst builds reliable data bottom-up. They take into consideration the current adoption rate, regulations, demographics, vertical-specific statistics, value chain structure, etc.
The rigorous data collection methods are based on first-hand and secondary sources. The analyst conducts many hundreds of executive interviews on a yearly basis with companies from all parts of the IoT value chain. They talk to on a regular basis all major mobile operator groups and regulators as well as the chipset, module, and terminal vendors. They also interview many companies in each of the vertical markets.
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