Dublin, November 29, 2022 /PRNewswire/ — “Fleet Management Global Market Report 2022” report has been added to ResearchAndMarkets.com’s supply.
This report provides strategists, marketers, and senior management with the key information needed to assess the global Fleet Management market.
The global fleet management market is expected to grow from $14.15 billion 2021 to $16.27 billion Compound annual growth rate (CAGR) of 14.98% in 2022.
The growth was mainly due to companies resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which earlier resulted in restrictive containment measures including social distancing, remote working and closure of business activities , leading to operational challenges.The market is expected to reach $30.8 billion CAGR in 2026 is 17.31%.
The key players in the fleet management market are Automile Inc, Azuga Inc, ClearpathGPS Inc, Donlen Corporation, Geotab Inc, GPS Insights, KeepTruckin Inc, Masternaut Ltd, MiX Telematics International (Pty) Ltd, NexTraq, Omnitracs LLC, Samsara Networks Inc, Teletrac Navman US Ltd, TomTom International BV, Trimble Inc, Verizon Connect, Freeway Fleet Systems, US Fleet Tracking, Utilimarc Inc., MiTAC International Corporation, Fleetmatics group Plc, Fleetonomy, GURTAM, Fleetroot, Orbcomm Inc, Otto Marine Limited and Siemens AG
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The fleet management market includes entities (organizations, sole traders, and partnerships) selling fleet management services and solutions for managing commercial motor vehicles such as cars, trucks, vans, specialty vehicles, trailers, forklifts, boats, railcars, and others private vehicle vehicle. Fleet management assists organizations in managing all information related to their vehicles and other assets, dispatch and route planning, and vehicle acquisition and disposal. These services oversee and organize all fleet performance and fleet maintenance to increase productivity and help run the business smoothly.
Rising demand for commercial vehicles is expected to drive the fleet management market during the forecast period. Organizations use fleet management services to manage commercial vehicles and increase efficiency and productivity and reduce overall transportation and staff costs for the business.exist January 2022Indian automaker Mahindra & Mahindra’s commercial vehicle sales rose 57% from the previous year. The company’s export sales also rose 26 percent over the same period. Hence, increasing demand for commercial vehicles across the globe is expected to drive the fleet management market.
Europe is the largest region in the fleet management market in 2021. Asia-Pacific It is expected to witness the fastest growth during the forecast period.The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, middle East and Africa.
The use of the Internet of Things (IoT) in fleet management is a key trend that is gaining popularity in the market. The Internet of Things is a system of interconnected digital and mechanical machines, objects, and computing devices that have the potential to transmit data over a network without the use of human-to-human interaction. Companies are focusing on the application of IoT in fleet management to automate various processes and trip planning.
For example, in April 2021, Ridecell Inc., a US-based company that provides digital transformation software for fleet operations, has launched the Fleet IoT Automation System, an IoT-driven automation platform designed specifically for fleet operations. The system combines data insights with digital vehicle controls to transform manual processes into automated workflows.
exist August 2021Bridgestone, a U.S.-Headquartered tire maker to acquire Azuga for deal sum $391 million. The acquisition is expected to accelerate Bridgestone’s efforts to develop and deploy sustainable mobility solutions for the company’s advanced mobility strategy. It will also advance Bridgestone’s comprehensive solutions for small to enterprise-sized fleets, providing real-time vehicle operational insights and data analytics to improve safety, increase efficiency and enhance the customer service experience.azuga is a U.S.Headquarters-based fleet management company that provides software that enables customers to generate data about vehicles and their use.
The countries covered in the Fleet Management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South KoreaU.K, U.S..
Key topics covered:
2. Fleet Management Market Characteristics
3. Fleet Management Market Trends and Strategies
4. Impact of COVID-19 on Fleet Management
5. Fleet Management Market Size and Growth
5.1. Global Fleet Management Historic Market, 2016-2021, USD Billion
5.1.1. Market drivers
5.1.2. Market restrictions
5.2. Global Fleet Management Forecast Market, 2021-2026F, 2031F, USD Billion
5.2.1. Market drivers
5.2.2. Market restrictions
6. Fleet Management Market Segmentation
6.1. Global Fleet Management Market, Segmentation by Component, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
6.2. Global Fleet Management Market, Segmentation by Vehicle Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
heavy commercial vehicle
light commercial vehicle
6.3. Global Fleet Management Market, Segmentation by Industry, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
6.4. Global Fleet Management Market, Segmentation by Communication Technology, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
Global Navigation Satellite System (GNSS)
6.5. Global Fleet Management Market, Segmentation by Deployment Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
7. Regional and Country Analysis of Fleet Management Market
7.1. Global Fleet Management Market, By Region, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
7.2. Global Fleet Management Market, By Country, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
For more information on this report, please visit https://www.researchandmarkets.com/r/6emrhj
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