According to BlueWeave Consulting, The Global Fleet
Management Market is expected to grow with a significant rate
during the forecast period 2019-2025, due to increased emphasis on energy/fuel
efficiency in vehicle operations in addition to the need for high-speed
networks. Growing adoption of wireless technology in fleet management owing to
its advantages such as quick access & response, wide-area coverage, and
cost reduction, which help the vendors to increase their productivity,
efficiency, and ROI, will foster the global Fleet Management Market in the
forecast period.
Moreover, the major factor driving the Global Fleet Management Market is
rising adoption of it such as improvement in maintenance planning, vehicle
performance and schedule of fleet routing which enhances the fleet safety and
also customer satisfaction. Furthermore, upsurge in the application of fleet
management like organizations needs to streamline the operations for greater
connectivity and reduce the hardware cost needed to perform the necessary fleet
management will accelerate the growth of the Fleet Management market. Additionally,
growth in adoption of wireless technology, obligatory incorporation of ELD,
need of operational competency in fleet management, and increase in
international trades will contribute to Fleet Management market growth during
the forecast period.
Also, various government organizations of various countries have
policies to improve management as well as enhance the performance of a
fleet are expected to boost the Fleet
Management market in the upcoming year.
Aircraft Vehicle type of Fleet Management Market is projected to
be the leading segment of the overall market during the forecast period
On the basis of Vehicle Type, the Fleet Management market has
been segmented into Light Commercial Vehicle, Heavy Commercial Vehicle,
Aircraft, Railway, and Watercraft. Aircraft segment dominates the global Fleet
Management owing to its rise in demand for aircraft fleet. Watercraft will
influence by fleet management applications like focused on theft detection
& theft recovery and extensive device and reporting frequency option.
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Solutions components of Fleet Management Market is anticipated
to be the dominating segment of the overall market during the forecast period
On the basis of Components, the Fleet Management market has been
categorized into Solution and Services. Solution segment will lead the market
owing to its application which includes a range of software and hardware
capabilities to improve the overall operations of the transport industry.
Services segment will grow by its features like vehicle financing, vehicle
maintenance, vehicle telematics (tracking and diagnostics), driver management,
speed management, fuel management, and health and safety
management.
GNSS Technology of Fleet Management Market is anticipated to be
the dominating segment of the overall market during the forecast period
On the basis of Communication Technology, the Fleet Management
market has been categorized into GNSS and Cellular System. GNSS will lead the
segment due to the rise in adoption of GNSS in fleet management coupled with
government initiatives to strengthen their satellite navigation systems.
Cellular systems will trigger by its application to help OEMs continually
improve their vehicles and develop new applications to enhance the driving
experience.
Automotive is projected to lead the industry for utilizing
applications of the Fleet Management during the forecast period
On the basis of End-User Industry, the Fleet Management market
has been segmented into Retail, Government, Transportation & Logistics,
Automotive, Manufacturing, Construction, and Energy. By End-User Industry,
Automotive will lead the market owing to huge growth in light and heavy
commercial vehicles across the globe. Transportation & Logistics is
driven by the rise in demand for fleet monitoring and real-time tracking to
reduce transportation cost.
Europe accounts for the lion’s share of the global Fleet
Management market during the anticipated period.
On the basis of region, the Fleet Management market has been
segmented into North America, Europe, Asia Pacific, Middle East & Africa,
and Latin America. North America dominates the world Fleet Management market
over the forecast period owing to growth rapid pace of digital transformation
in the US is high, high growth of telematics, and the advent of the 4G
technology in the transport industry. The Asia Pacific market will be the
fastest growing market owing to increasing stringency in regulations and rising
transportation facilities in countries including India, China, and Japan.
Global Fleet Management Market Competitive Landscape
Companies such as U.S. General Services Administration, Uber
Technologies, Inc., Ola Cabs (ANI Technologies Pvt. Ltd.), Lyft, Didi Chuxing,
Grab, European GNSS Agency (GSA), Spireon, Inc., Trimble Transportation &
Logistics, Fleet Robo Fleet Management Solutions, DC Velocity, Scope
Technologies, Troncalnet, FAMSA, CARSSA Courier Company, Altos Hornos de Mexico
(AHMSA), Grupo Autofin de Monterrey, The Goodyear Tire & Rubber Company,
Mercedes-Benz and Renault, are the key players in the global Fleet Management
market.
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The in-depth analysis of the report provides the growth
potential, upcoming trends and statistics of Global Fleet Management Market
size & forecast. The report promises to provide state-of-the-art technology
of Fleet Management production and industry insights which help decision makers
to take sound strategic decisions. Furthermore, the report also analyzes the
market drivers and challenges and competitive analysis of the market.
Access Detailed Research methodology of this Research Report@
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By
Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By
Industry Participants
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insights
4.1. Industry Impact and Forces
4.1.1. Growth Drivers
4.1.2. Challenges
4.1.3. Opportunities
4.2. Regulatory Framework
4.3. By Company (Market Share 2018)
4.4. Growth Potential analysis, 2018
4.5. Strategic Outlook
4.6. Porter’s Five forces analysis
4.7. PESTEL Analysis
5. Global Fleet Management Market Overview
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast 2015-2025
5.2.1. By Vehicle Type
5.2.1.1. Light Commercial Vehicle
5.2.1.2. Heavy Commercial Vehicle
5.2.1.3. Aircraft
5.2.1.4. Railway
5.2.1.5. Watercraft
5.2.2. By Component
5.2.2.1. Solution
5.2.2.2. Service
5.2.3. By Communication Technology
5.2.3.1. GNSS
5.2.3.2. Cellular System
5.2.4. By Solution
5.2.4.1. Operations Management
5.2.4.2. Vehicle Maintenance and Diagnostics
5.2.4.3. Performance Management
5.2.4.4. Fleet Analytics and Reporting
5.2.5. End-User Industry
5.2.5.1. Retail
5.2.5.2. Government
5.2.5.3. Transportation & Logistics
5.2.5.4. Automotive
5.2.5.5. Manufacturing
5.2.5.6. Construction
5.2.5.7. Energy
5.2.6. By Region
5.2.6.1. North America
5.2.6.2. Europe
5.2.6.3. Asia Pacific
5.2.6.4. LATAM
5.2.6.5. MEA
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