Fleet Management Trends and Forecast
The future of the global fleet management market looks promising with opportunities in the retail, transportation & logistic, healthcare & pharmaceutical, construction, utility, oil, gas and mining, and government markets. The global fleet management market is expected to reach an estimated $48.6 billion by 2030 with a CAGR of 9.7% from 2024 to 2030. The major drivers for this market are increasing use of cloud-based, analytical solution to manage fields, rising focus of fleet owners on operational efficiency, and growing demand for improving worker safety and security, as well as monitoring drivers.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Fleet Management by Segment
The study includes a forecast for the global fleet management by component, fleet type, end use, and region.
Fleet Management Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Solution
• Services
• Professional Services
• Managed Services
Fleet Management Market by Fleet Type [Shipment Analysis by Value from 2018 to 2030]:
• Commercial Fleets
• Passenger Vehicles
Fleet Management Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Retail
• Transportation & Logistics
• Healthcare & Pharmaceuticals
• Construction
• Utilities
• Oil, Gas and Mining
• Government
• Others
Fleet Management Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Fleet Management Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fleet management companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fleet management companies profiled in this report include-
• Geotab
• Verizon Connect
• Bridgestone Group
• Trimble
• Samsara
• Wheels
• Inseego
• Solera Group
• Verra Mobility
• Teletrac Navman
Fleet Management Market Insights
Lucintel forecasts that commercial fleet will remain the larger segment over the forecast period.
Within this market, retail is expected to witness the higher growth.
North America will remain the largest region over the forecast period because the rise of the vehicle rental and leasing business in the region is creating an increased need for sophisticated fleet management systems, as well as, rising use of supply chain and logistics solutions.
Features of the Global Fleet Management Market
Market Size Estimates: Fleet management market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Fleet management market size by component, fleet type, end use, and region in terms of value ($B).
Regional Analysis: Fleet management market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different component, fleet type, end use, and regions for the fleet management market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fleet management market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the fleet management market size?
Answer: The global fleet management market is expected to reach an estimated $48.6 billion by 2030.
Q2. What is the growth forecast for fleet management market?
Answer: The global fleet management market is expected to grow with a CAGR of 9.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the fleet management market?
Answer: The major drivers for this market are increasing use of cloud-based, analytical solution to manage fields, rising focus of fleet owners on operational efficiency, and growing demand for improving worker safety and security, as well as monitoring drivers.
Q4. What are the major segments for fleet management market?
Answer: The future of the global fleet management market looks promising with opportunities in the retail, transportation & logistic, healthcare & pharmaceutical, construction, utility, oil, gas and mining, and government markets.
Q5. Who are the key fleet management market companies?
Answer: Some of the key fleet management companies are as follows:
• Geotab
• Verizon Connect
• Bridgestone Group
• Trimble
• Samsara
• Wheels
• Inseego
• Solera Group
• Verra Mobility
• Teletrac Navman
Q6. Which fleet management market segment will be the largest in future?
Answer: Lucintel forecasts that commercial fleet will remain the larger segment over the forecast period.
Q7. In fleet management market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because the rise of the vehicle rental and leasing business in the region is creating an increased need for sophisticated fleet management systems, as well as, rising use of supply chain and logistics solutions.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the fleet management market by component (solution, services, professional services, and managed services), fleet type (commercial fleets and passenger vehicles), end use (retail, transportation & logistics, healthcare & pharmaceuticals, construction, utilities, oil, gas and mining, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Fleet Management Market, Fleet Management Market Size, Fleet Management Market Growth, Fleet Management Market Analysis, Fleet Management Market Report, Fleet Management Market Share, Fleet Management Market Trends, Fleet Management Market Forecast, Fleet Management Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.