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Fleet Management Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5766555
The fleet management market size has grown rapidly in recent years. It will grow from $18.37 billion in 2023 to $21.33 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth observed in the historic period can be attributed to effective fuel cost management, vehicle tracking and visibility, optimization of maintenance processes, initiatives aimed at cost reduction, and the implementation of route optimization strategies.

The fleet management market size is expected to see rapid growth in the next few years. It will grow to $36 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The anticipated growth in the forecast period can be attributed to the integration of electric vehicles, concerns related to climate change and emission reduction, heightened awareness of cybersecurity, urbanization, and the implementation of smart city initiatives, as well as the management of remote workforces and compliance with health and safety regulations. Major trends expected during this period include the adoption of advanced telematics technologies, the monitoring of driver safety and behavior, the development of autonomous vehicle technologies, the utilization of blockchain for fleet management, and the emergence of mobility-as-a-service (MaaS) models.

The rising demand for commercial vehicles is anticipated to propel the fleet management market in the forecast period. Businesses leverage fleet management services to effectively handle commercial vehicles, enhancing efficiency, productivity, and reducing overall transportation and staffing expenses. In January 2022, Mahindra & Mahindra, an Indian automotive manufacturing company, witnessed a 57% increase in commercial vehicle sales compared to the previous year. Additionally, the company's export sales grew by 26% during the same period. Consequently, the global surge in demand for commercial vehicles is expected to be a driving force behind the growth of the fleet management market.

The anticipated increase in fuel prices is expected to contribute to the expansion of the fleet management market. Fuel price denotes the cost per unit of a specific type of fuel, typically expressed in currency per unit of volume. Fleet management solutions play a crucial role in influencing fuel prices, as they enable businesses to prioritize the optimization of fuel usage and reduce operational costs through real-time monitoring, efficient route planning, and fuel consumption analytics. For example, in August 2022, as reported by the United States Department of Transportation, the cost of regular motor gasoline in the U.S. increased by 49% between January and June 2022. During the same period, diesel fuel prices experienced a slightly higher surge, rising by 55%. Consequently, the upward trend in fuel prices is a key driver behind the growth of the fleet management market.

The adoption of the Internet of Things (IoT) in fleet management is a prominent trend gaining traction in the market. IoT represents a system of interconnected digital and mechanical devices, objects, and computing systems capable of transmitting data over a network without requiring human-to-human interaction. Companies are increasingly focusing on leveraging IoT in fleet management to automate various processes and enhance trip planning. For example, in April 2021, Ridecell Inc., a U.S.-based company specializing in digital transformation software for fleet businesses, introduced the Fleet IoT Automation System. This IoT-driven automation platform is specifically designed for fleet-based businesses, integrating data insights with digital vehicle control to transform manual processes into automated workflows.

Leading companies in the fleet management market are actively developing advanced technologies, such as fleet management suites, to cater to broader customer bases, boost sales, and increase revenue. A fleet management suite is a comprehensive and integrated set of software applications and tools designed to streamline and optimize the management of a fleet of vehicles. In September 2023, Ford Pro, a U.S.-based company specializing in delivering productivity solutions for business fleets, unveiled the Ford Pro Fleet Management Software. A standout feature of this software is its flexible tracking system, intricately designed to seamlessly monitor fuel usage costs and adapt to various payment methods employed by businesses. This comprehensive solution is versatile, capable of tracking essential data on vehicles of any make, covering both Ford and non-Ford models, including gas and electric vehicles. Notably, the software excels in optimizing vehicle cycle management and empowers drivers by facilitating automated maintenance and repair tracking, leveraging a vast network of over 55,000 in-network repair facilities across the United States. Furthermore, the software is optimized for fleets of up to 150 vehicles, ensuring scalability and efficiency in fleet management operations.

In August 2021, Bridgestone, a tire manufacturer based in the United States, completed the acquisition of Azuga for a deal valued at $391 million. This strategic move is anticipated to expedite Bridgestone's initiatives in developing and implementing sustainable mobility solutions as part of the company's advanced mobility strategy. Additionally, the acquisition will further enhance Bridgestone's comprehensive offerings for fleets of varying sizes, ranging from small to enterprise-level, by providing real-time insights into vehicle operations and leveraging data analytics. These capabilities are expected to contribute to improved safety, increased operational efficiency, and enhanced customer service experiences. Azuga, the acquired company, is a U.S.-based fleet management firm that specializes in providing software solutions enabling customers to generate data about vehicles and their usage.

Major companies operating in the fleet management market report are Verizon Connect, Trimble Inc., Samsara Networks Inc., Donlen Corporation, TomTom International BV, Geotab Inc., Teletrac Navman US Ltd., Orbcomm Inc., Inseego Corporation, Azuga Inc., Omnitracs LLC, MiTAC International Corporation, Fleet Complete Ltd., Siemens AG, KeepTruckin Inc., Masternaut Ltd., GURTAM LLC, NexTraq LLC, GPS Insights, US Fleet Tracking, Freeway Fleet Systems, Fleetonomy Ltd., Fleetroot Ltd., ClearpathGPS Inc., Utilimarc Inc., RAM Tracking, Automile Inc., Fleetmatics Group PLC, MiX Telematics International Ltd., Otto Marine Limited.

Europe was the largest region in the fleet management market in 2023. Asia-Pacific is expected to be fastest growing in the forecast period. The regions covered in the fleet management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fleet management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary components of the fleet management market comprise solutions and services. Tailored to meet specific client requirements, fleet management solutions aim to enhance route optimization, ensure vehicle security, promote driver safety, and contribute to the overall improvement of fleet vehicle performance and life cycle. Fleet management finds application in various vehicle types, including heavy commercial vehicles, light commercial vehicles, aircraft, railways, and watercraft. Industries such as retail, government, transportation and logistics, automotive, and others utilize fleet management services. Communication technologies integral to fleet management encompass GNSS (satellite) and cellular systems, which can be deployed either on-premises or in the cloud.

The fleet management research report is one of a series of new reports that provides fleet management market statistics, including global fleet management industry size, regional shares, competitors with fleet management market shares, detailed fleet management market segments, market trends and opportunities, and any further data you may need to thrive in the fleet management industry. This fleet management research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The fleet management market includes revenues earned by entities by providing services such as vehicle leasing, acquisition and remarketing, supply chain management, fuel management, maintenance services, safety programs, collision response, Tolls and compliance services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Fleet Management Market Characteristics3. Fleet Management Market Trends and Strategies
4. Fleet Management Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Fleet Management Market Size and Growth
5.1. Global Fleet Management Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Fleet Management Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Fleet Management Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Fleet Management Market Segmentation
6.1. Global Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Solutions
  • Services
6.2. Global Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle
  • Aircraft
  • Railway
  • Watercraft
6.3. Global Fleet Management Market, Segmentation by Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Retail
  • Government
  • Transportation and Logistics
  • Automotive
  • Other Industries
6.4. Global Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • GNSS (Satellite)
  • Cellular System
6.5. Global Fleet Management Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • on-Premises
  • Cloud
7. Fleet Management Market Regional and Country Analysis
7.1. Global Fleet Management Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Fleet Management Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Fleet Management Market
8.1. Asia-Pacific Fleet Management Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Fleet Management Market
9.1. China Fleet Management Market Overview
9.2. China Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Fleet Management Market
10.1. India Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Fleet Management Market
11.1. Japan Fleet Management Market Overview
11.2. Japan Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Fleet Management Market
12.1. Australia Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Fleet Management Market
13.1. Indonesia Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Fleet Management Market
14.1. South Korea Fleet Management Market Overview
14.2. South Korea Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Fleet Management Market
15.1. Western Europe Fleet Management Market Overview
15.2. Western Europe Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Fleet Management Market
16.1. UK Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Fleet Management Market
17.1. Germany Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Fleet Management Market
18.1. France Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Fleet Management Market
19.1. Italy Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Fleet Management Market
20.1. Spain Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Fleet Management Market
21.1. Eastern Europe Fleet Management Market Overview
21.2. Eastern Europe Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Fleet Management Market
22.1. Russia Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Fleet Management Market
23.1. North America Fleet Management Market Overview
23.2. North America Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Fleet Management Market
24.1. USA Fleet Management Market Overview
24.2. USA Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Fleet Management Market
25.1. Canada Fleet Management Market Overview
25.2. Canada Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Fleet Management Market
26.1. South America Fleet Management Market Overview
26.2. South America Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Fleet Management Market
27.1. Brazil Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Fleet Management Market
28.1. Middle East Fleet Management Market Overview
28.2. Middle East Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Fleet Management Market
29.1. Africa Fleet Management Market Overview
29.2. Africa Fleet Management Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Fleet Management Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Fleet Management Market, Segmentation by Communication Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Fleet Management Market Competitive Landscape and Company Profiles
30.1. Fleet Management Market Competitive Landscape
30.2. Fleet Management Market Company Profiles
30.2.1. Verizon Connect
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Trimble Inc
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Samsara Networks Inc
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Donlen Corporation
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. TomTom International BV
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Fleet Management Market Other Major and Innovative Companies
31.1. Geotab Inc
31.2. Teletrac Navman US Ltd
31.3. Orbcomm Inc
31.4. Ctrack (Inseego Corp.)
31.5. Azuga Inc
31.6. Omnitracs LLC
31.7. MiTAC International Corporation
31.8. Fleet Complete Ltd
31.9. Siemens AG
31.10. KeepTruckin Inc
31.11. Masternaut Ltd
31.12. GURTAM JLLC
31.13. NexTraq LLC
31.14. GPS Insights
31.15. US Fleet Tracking
32. Global Fleet Management Market Competitive Benchmarking33. Global Fleet Management Market Competitive Dashboard34. Key Mergers and Acquisitions in the Fleet Management Market
35. Fleet Management Market Future Outlook and Potential Analysis
35.1 Fleet Management Market in 2028 - Countries Offering Most New Opportunities
35.2 Fleet Management Market in 2028 - Segments Offering Most New Opportunities
35.3 Fleet Management Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Fleet Management Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on fleet management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for fleet management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Component: Solutions; Services
2) By Vehicle Type: Heavy Commercial Vehicle; Light Commercial Vehicle; Aircraft; Railway; Watercraft
3) By Industry: Retail; Government; Transportation and Logistics; Automotive; Other Industries
4) By Communication Technology: GNSS (Satellite); Cellular System
5) By Deployment Type: On-Premises; Cloud

Key Companies Mentioned: Verizon Connect; Trimble Inc; Samsara Networks Inc; Donlen Corporation; TomTom International BV

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Verizon Connect
  • Trimble Inc
  • Samsara Networks Inc
  • Donlen Corporation
  • TomTom International BV
  • Geotab Inc
  • Teletrac Navman US Ltd
  • Orbcomm Inc
  • Inseego Corporation
  • Azuga Inc
  • Omnitracs LLC
  • MiTAC International Corporation
  • Fleet Complete Ltd
  • Siemens AG
  • KeepTruckin Inc
  • Masternaut Ltd
  • GURTAM LLC
  • NexTraq LLC
  • GPS Insights
  • US Fleet Tracking
  • Freeway Fleet Systems
  • Fleetonomy Ltd
  • Fleetroot Ltd
  • ClearpathGPS Inc
  • Utilimarc Inc.
  • RAM Tracking
  • Automile Inc
  • Fleetmatics Group PLC
  • MiX Telematics International Ltd
  • Otto Marine Limited

Methodology

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