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Europe Fleet Management Market - Analysis and Forecast, 2022-2031

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  • 88 Pages
  • November 2023
  • Region: Europe
  • BIS Research
  • ID: 5909473
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The Europe fleet management market (excluding U.K.) is projected to reach $ 4.71 billion by 2031 from $968.5 million in 2022, growing at a CAGR of 19.22% during the forecast period 2022-2031. Commercial vehicle fleet management tools are experiencing technical breakthroughs and are expected to increase at an accelerated rate throughout the forecast timeframe. It is anticipated that the introduction of connected vehicles will improve important market development initiatives.

The Europe fleet management market is witnessing significant growth. The fleet management market is expanding as a result of growing knowledge of the benefits provided by these systems to the commercial vehicle industry. Furthermore, fleet management is growing in the European market as a result of the industrial revolution's embrace of new technology.

Market Introduction

Technological developments in commercial vehicle management tools are driving a considerable evolution of the European fleet management market. These tools are expected to rise rapidly throughout the forecast period, and the widespread use of connected automobiles is expected to significantly stimulate important market development activities. The Europe fleet management market is now seeing growth as a result of fleet companies' growing understanding of the numerous advantages provided by cutting-edge management systems. One of the main drivers of the market's expansion is this increased awareness, which is also being aided by the ongoing industrial revolution and the widespread adoption of cutting-edge technology in Europe's commercial vehicle industry.

Market Segmentation:

Segmentation 1: by Application Type

  • Real Time Location Monitoring
  • Fuel Management
  • Maintenance Management
  • Driver Management
  • Weight/Volume Tracking
  • Accounting and Insurance

Segmentation 2: by Vehicle Type

  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Segmentation 3: by Component

  • Hardware
  • Software
  • Service

Segmentation 4: by Deployment

  • On-Premises
  • Cloud

Segmentation 5: by Country

  • Germany
  • France
  • Italy
  • Spain
  • Rest-of-Europe

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of fleet management products available by Component (Hardware, Software, and Service), by Deployment (On-Premises and Cloud), by Application Type (Real Time Location Monitoring, Fuel Management, Maintenance Management, Driver Management, Weight/Volume Tracking, and Accounting and Insurance), by Commercial Vehicle Type (Light Commercial Vehicles and Heavy Commercial Vehicles). Increasing demand worldwide is pushing the sales of fleet management systems. Therefore, the fleet management business is a low-investment and high-revenue generating model.

Growth/Marketing Strategy: The Europe Fleet Management Market is exponentially growing, with enormous opportunities for the market players. Some strategies covered in this segment are product launches, partnerships and collaborations, business expansions, and investments. The companies' preferred strategy has been product launches, partnerships, and collaborations to strengthen their positions in the Europe fleet management market.

Competitive Strategy: Key players in the Europe fleet management market analyzed and profiled in the study involve fleet management-based product manufacturers and start-ups. Moreover, a detailed competitive benchmarking of the players operating in the Europe fleet management market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

  • TomTom International BV
  • Gurtam
  • Astrata Europe BV.
  • TELTONIKA
  • Navtelecom, LLC


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Table of Contents

1 Markets
1.1 Global Market Outlook
1.1.1 Fleet Management Trends
1.1.1.1 Successful Transport Companies Becoming Increasingly Data-Driven
1.1.1.2 Moving Toward Privately Owned Vehicles
1.1.1.3 Uncertain Fuel Costs
1.1.1.4 Keeping Fleets Relevant Requires the Adoption of Electric Vehicles
1.1.2 Supply Chain Analysis
1.1.3 Key Patents Mapping
1.1.4 Regulatory Landscape
1.1.4.1 U.S. Fleet Management Laws
1.1.4.1.1 Vehicle Tracking Laws
1.1.4.1.1.1 ELD Rule
1.1.4.1.1.2 ELD Compliance Deadline
1.1.4.1.2 Impact of Fleet Management Laws on the U.S. Fleet Management Market
1.1.4.2 Germany Fleet Management Laws
1.1.4.2.1 DGUV (German Social Accident Insurance) Regulation
1.1.4.2.2 Impact of Fleet Management Laws on the Germany Fleet Management Market
1.1.4.3 France Fleet Management Laws
1.1.4.3.1 WLTP Effect
1.1.4.3.2 Impact of Fleet Management Laws on the France Fleet Management Market
1.1.4.4 Australia Fleet Management Laws
1.1.4.4.1 Heavy Vehicle National Law
1.1.4.4.2 Impact of Fleet Management Laws on the Australia Fleet Management Market
1.1.5 Business Model
1.1.5.1 Subscription Model
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Growing Number of Vehicle and Asset Thefts
1.2.1.2 Increase in Road Accidents
1.2.1.3 Volatility in Fuel Prices
1.2.1.4 Augmented Demand for Fleet Management Solutions from Transportation and Logistics Industry
1.2.2 Business Challenges
1.2.2.1 Connecting Information Together from a Variety of Sources
1.2.2.2 Risk of Cyber Attacks
1.2.3 Business Strategies
1.2.3.1 Product Developments
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances
1.2.5 Business Opportunities
1.2.5.1 Surging Demand for Connected and Autonomous Vehicles
1.2.5.2 Emergence of the Internet of Things (IoT)
2 Region
2.1 Europe
2.1.1 Market
2.1.1.1 Buyers Attributes
2.1.1.2 Competitive Benchmarking
2.1.1.3 Key Fleet Management System Providers in Europe
2.1.1.4 Business Challenges
2.1.1.5 Business Drivers
2.1.2 Application
2.1.2.1 Europe Fleet Management Market (by Application Type), Value Data
2.1.2.2 Europe Fleet Management Market (by Commercial Vehicle Type), Value Data
2.1.3 Product
2.1.3.1 Europe Fleet Management Market (by Component), Value Data
2.1.3.2 Europe Fleet Management Market (by Deployment), Value Data
2.1.4 Europe (by Country)
2.1.4.1 Italy
2.1.4.1.1 Market
2.1.4.1.1.1 Buyers Attributes
2.1.4.1.1.2 Key Fleet Management System Providers in Italy
2.1.4.1.1.3 Business Challenges
2.1.4.1.1.4 Business Drivers
2.1.4.1.2 Application
2.1.4.1.2.1 Italy Fleet Management Market (by Application Type), Value Data
2.1.4.1.2.2 Italy Fleet Management Market (by Commercial Vehicle Type), Value Data
2.1.4.1.3 Product
2.1.4.1.3.1 Italy Fleet Management Market (by Component), Value Data
2.1.4.1.3.2 Italy Fleet Management Market (by Deployment), Value Data
2.1.4.2 France
2.1.4.2.1 Market
2.1.4.2.1.1 Buyers Attributes
2.1.4.2.1.2 Key Fleet Management System Providers in France
2.1.4.2.1.3 Business Challenges
2.1.4.2.1.4 Business Drivers
2.1.4.2.2 Application
2.1.4.2.2.1 France Fleet Management Market (by Application Type), Value Data
2.1.4.2.2.2 France Fleet Management Market (by Commercial Vehicle Type), Value Data
2.1.4.2.3 Product
2.1.4.2.3.1 France Fleet Management Market (by Component), Value Data
2.1.4.2.3.2 France Fleet Management Market (by Deployment), Value Data
2.1.4.3 Germany
2.1.4.3.1 Market
2.1.4.3.1.1 Buyers Attributes
2.1.4.3.1.2 Key Fleet Management System Providers in Germany
2.1.4.3.1.3 Business Challenges
2.1.4.3.1.4 Business Drivers
2.1.4.3.2 Application
2.1.4.3.2.1 Germany Fleet Management Market (by Application Type), Value Data
2.1.4.3.2.2 Germany Fleet Management Market (by Commercial Vehicle Type), Value Data
2.1.4.3.3 Product
2.1.4.3.3.1 Germany Fleet Management Market (by Component), Value Data
2.1.4.3.3.2 Germany Fleet Management Market (by Deployment), Value Data
2.1.4.4 Spain
2.1.4.4.1 Market
2.1.4.4.1.1 Buyers Attributes
2.1.4.4.1.2 Key Fleet Management System Providers in Spain
2.1.4.4.1.3 Business Challenges
2.1.4.4.1.4 Business Drivers
2.1.4.4.2 Application
2.1.4.4.2.1 Spain Fleet Management Market (by Application Type), Value Data
2.1.4.4.2.2 Spain Fleet Management Market (by Commercial Vehicle Type), Value Data
2.1.4.4.3 Product
2.1.4.4.3.1 Spain Fleet Management Market (by Component), Value Data
2.1.4.4.3.2 Spain Fleet Management Market (by Deployment), Value Data
2.1.4.5 Rest-of-Europe
2.1.4.5.1 Market
2.1.4.5.1.1 Buyers Attributes
2.1.4.5.1.2 Key Fleet Management System Providers in Rest-of-Europe
2.1.4.5.1.3 Business Challenges
2.1.4.5.1.4 Business Drivers
2.1.4.5.2 Application
2.1.4.5.2.1 Rest-of-Europe Fleet Management Market (by Application Type), Value Data
2.1.4.5.2.2 Rest-of-Europe Fleet Management Market (by Commercial Vehicle Type), Value Data
2.1.4.5.3 Product
2.1.4.5.3.1 Rest-of-Europe Fleet Management Market (by Component), Value Data
2.1.4.5.3.2 Rest-of-Europe Fleet Management Market (by Deployment), Value Data
2.2 U.K.
2.2.1 Market
2.2.1.1 Buyers Attributes
2.2.1.2 Competitive Benchmarking
2.2.1.3 Key Fleet Management System Providers in the U.K.
2.2.1.4 Business Challenges
2.2.1.5 Business Drivers
2.2.2 Application
2.2.2.1 U.K. Fleet Management Market (by Application Type), Value Data
2.2.2.2 U.K. Fleet Management Market (by Commercial Vehicle Type), Value Data
2.2.3 Product
2.2.3.1 U.K. Fleet Management Market (by Component), Value Data
2.2.3.2 U.K. Fleet Management Market (by Deployment), Value Data
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.2 Market Share Analysis
3.3 Company Profiles
3.3.1 TomTom International BV
3.3.1.1 Company Overview
3.3.1.1.1 Role of TomTom International BV in the Fleet Management Market
3.3.1.1.2 Product Portfolio
3.3.1.2 Business Strategies
3.3.1.2.1 Research Outputs, Developments, and Product Launches
3.3.1.3 Corporate Strategies
3.3.1.3.1 Partnerships, Collaborations, Investments, Mergers, and Acquisitions
3.3.1.4 Production Sites and R&D Analysis
3.3.1.5 Analyst View
3.3.2 Gurtam
3.3.2.1 Company Overview
3.3.2.1.1 Role of Gurtam in the Fleet Management Market
3.3.2.1.2 Product Portfolio
3.3.2.2 Corporate Strategies
3.3.2.2.1 Partnerships, Collaborations, Investments, Mergers, and Acquisitions
3.3.2.3 Analyst View
3.3.3 Astrata Europe BV.
3.3.3.1 Company Overview
3.3.3.1.1 Role of Astrata Europe BV. in the Fleet Management Market
3.3.3.1.2 Product Portfolio
3.3.3.2 Business Strategies
3.3.3.2.1 Research Outputs, Developments, and Product Launches
3.3.3.3 Corporate Strategies
3.3.3.3.1 Partnerships, Collaborations, Investments, Mergers, and Acquisitions
3.3.3.4 Analyst View
3.3.4 TELTONIKA
3.3.4.1 Company Overview
3.3.4.1.1 Role of TELTONIKA in the Fleet Management Market
3.3.4.1.2 Product Portfolio
3.3.4.2 Analyst View
3.3.5 Navtelecom, LLC
3.3.5.1 Company Overview
3.3.5.1.1 Role of Navtelecom, LLC in the Fleet Management Market
3.3.5.1.2 Product Portfolio
3.3.5.2 Business Strategies
3.3.5.2.1 Research Outputs, Developments, and Product Launches
3.3.5.3 Analyst View
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.2 Data Triangulation
4.3 Market Estimation and Forecast
4.3.1 Factors for Data Prediction and Modeling
List of Figures
Figure 1: Fleet Management Market, $Million, 2021-2031
Figure 2: Fleet Management Market (by Deployment), $Million, 2021-2031
Figure 3: Fleet Management Market (by Commercial Vehicle Type), $Million, 2022, 2026, and 2031
Figure 4: Fleet Management Market (by Component), $Million, 2021-2031
Figure 5: Fleet Management Market (by Application Type), $Million, 2021-2031
Figure 6: Fleet Management Market (by Region), 2021
Figure 7: List of Key Players Included in the Global Fleet Management Market Report
Figure 8: Supply Chain Analysis for the Global Fleet Management Market
Figure 9: Stakeholders in Global Fleet Management Market
Figure 10: Fleet Management Process
Figure 11: Business Dynamics for Fleet Management Market
Figure 12: Fleet Management Market: Impact of Business Drivers
Figure 13: OPEC Basket Price (2016-2022)
Figure 14: Fleet Management Market: Impact of Business Challenges
Figure 15: Share of Key Business Strategies (2019-2023)
Figure 16: Share of Product Developments (by Company), 2019-2023
Figure 17: Share of Key Corporate Strategies (2019-2023)
Figure 18: Share of Mergers and Acquisitions (by Company), 2019-2023
Figure 19: Share of Partnerships, Joint Ventures, Collaborations, and Alliances(by Company), 2019-2023
Figure 20: Fleet Management Market: Impact of Business Opportunities
Figure 21: Competitive Benchmarking in Europe, 2021
Figure 22: Competitive Benchmarking in the U.K., 2021
Figure 23: Competitive Benchmarking in Global Fleet Management Market, 2021
Figure 24: TomTom International BV: R&D Analysis, $Million, 2019-2021
Figure 25: Research Methodology
Figure 26: Data Triangulation
Figure 27: Top-Down and Bottom-Up Approach
Figure 28: Assumptions and Limitations
List of Tables
Table 1: Fleet Management Market Overview
Table 2: Key Patents Mapping
Table 3: Global Fleet Management Market (by Region), $Billion, 2021-2031
Table 4: Europe Fleet Management Market (by Application Type), $Million, 2021-2031
Table 5: Europe Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 6: Europe Fleet Management Market (by Component), $Million, 2021-2031
Table 7: Europe Fleet Management Market (by Deployment), $Million, 2021-2031
Table 8: Italy Fleet Management Market (by Application Type), $Million, 2021-2031
Table 9: Italy Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 10: Italy Fleet Management Market (by Component), $Million, 2021-2031
Table 11: Italy Fleet Management Market (by Deployment), $Million, 2021-2031
Table 12: France Fleet Management Market (by Application Type), $Million, 2021-2031
Table 13: France Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 14: France Fleet Management Market (by Component), $Million, 2021-2031
Table 15: France Fleet Management Market (by Deployment), $Million, 2021-2031
Table 16: Germany Fleet Management Market (by Application Type), $Million, 2021-2031
Table 17: Germany Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 18: Germany Fleet Management Market (by Component), $Million, 2021-2031
Table 19: Germany Fleet Management Market (by Deployment), $Million, 2021-2031
Table 20: Spain Fleet Management Market (by Application Type), $Million, 2021-2031
Table 21: Spain Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 22: Spain Fleet Management Market (by Component), $Million, 2021-2031
Table 23: Spain Fleet Management Market (by Deployment), $Million, 2021-2031
Table 24: Rest-of-Europe Fleet Management Market (by Application Type), $Million, 2021-2031
Table 25: Rest-of-Europe Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 26: Rest-of-Europe Fleet Management Market (by Component), $Million, 2021-2031
Table 27: Rest-of-Europe Fleet Management Market (by Deployment), $Million, 2021-2031
Table 28: U.K. Fleet Management Market (by Application Type), $Million, 2021-2031
Table 29: U.K. Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 30: U.K. Fleet Management Market (by Component), $Million, 2021-2031
Table 31: U.K. Fleet Management Market (by Deployment), $Million, 2021-2031
Table 32: Market Share Analysis, 2021
Table 33: TomTom International BV: Product Portfolio
Table 34: TomTom International BV: Research Outputs, Developments, and Product Launches
Table 35: TomTom International BV: Partnerships, Collaborations, Investments, Mergers, and Acquisitions
Table 36: Gurtam: Product Portfolio
Table 37: Gurtam: Partnerships, Collaborations, Investments, Mergers, and Acquisitions
Table 38: Astrata Europe BV.: Product Portfolio
Table 39: Astrata Europe BV.: Research Outputs, Developments, and Product Launches
Table 40: Astrata Europe BV.: Partnerships, Collaborations, Investments, Mergers, and Acquisitions
Table 41: TELTONIKA: Product Portfolio
Table 42: Navtelecom, LLC: Product Portfolio
Table 43: Navtelecom, LLC: Research Outputs, Developments, and Product Launches

Executive Summary

The Europe fleet management market (excluding U.K.) is estimated to reach $ 4.71 billion by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 19.22% during the forecast period 2022-2031.

The Europe Fleet Management Market: Drivers and Challenges

Digitization of commercial vehicles from the transportation and logistics companies for operating the fleet efficiently is expected to boost the Europe fleet management market. Data is generated on different levels, and they need to organize it to decide for fleet operators. A fleet management system assists in detecting the data and displaying it on the software.

One of the major issues impeding the expansion of the fleet management business in Europe is the high cost of on-premises software. Major manufacturers provide on-premises fleet management software options that are more customized and protected by a firewall than cloud-based fleet management software solutions. Henceforth, the high cost of on-premises software may hinder the growth of fleet management in Europe.

USPs of report

  • Segmentation by component, deployment, application type, and vehicle type provided in the report
  • Analysis of business drivers and challenges of the Europe Fleet Management Market
  • Detailed analysis of Fleet Management Market for Italy, Germany, France and Spain
  • A detailed company profile comprising established players

Analyst’s Perspective on Europe Fleet Management Market

The Principal Analyst states, 'Due to the growing strategic significance of shifting mobility, there is an increase in demand for fleet management on a global scale. As a result, it is anticipated that the worldwide fleet management market will expand considerably throughout the forecast period. It is crucial for fleet businesses wishing to expand their enterprises to adopt fleet management. Its benefits include enhancing client happiness, boosting productivity, reducing gasoline expenses, and offering real-time visibility. The e-commerce, insurance, construction, and mining industries' rising need for commercial vehicles is anticipated to fuel the market for fleet management. Additionally, the industry is expanding faster because of the utilization of artificial intelligence (AI) solutions in fleet management software and hardware.'

Some of the prominent names established in this market are:

  • TomTom International BV
  • Gurtam
  • Astrata Europe BV.
  • TELTONIKA
  • Navtelecom, LLC

Key Questions Answered in the Report

  • What are the major market drivers, challenges, and opportunities in the Europe fleet management market?
  • What are the views of key industry participants within the fleet management companies operating in the space with respect to the latest trends and developments pertinent to fleet management?
  • What are the key development strategies deployed by the key players to sustain in the market, and what are some of the initiatives taken by new entrants within this ecosystem?

Companies Mentioned

  • TomTom International BV
  • Gurtam
  • Astrata Europe BV.
  • TELTONIKA
  • Navtelecom, LLC

Table Information

Report AttributeDetails
No. of Pages88
PublishedNovember 2023
Forecast Period2022 - 2031
Estimated Market Value ( USD ) in 2022 $ 968.5 Million
Forecasted Market Value ( USD ) by 2031 $ 4710.7 Million
Compound Annual Growth Rate19.2%
Regions CoveredEurope
No. of Companies Mentioned5

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