HOME Top Market Reports Fleet Management Market by Components, Technologies and Services (Fleet Analytics, Vehicle Tracking & Fleet Monitoring, Telemetric, Vendor Services), by Fleet Vehicle Types (Trucks, Light Goods, Buses, Corporate Fleets, Container Ships, Aircrafts) - Global Forecast to 2019

Fleet Management Market by Components, Technologies and Services (Fleet Analytics, Vehicle Tracking & Fleet Monitoring, Telemetric, Vendor Services), by Fleet Vehicle Types (Trucks, Light Goods, Buses, Corporate Fleets, Container Ships, Aircrafts) - Global Forecast to 2019

By: marketsandmarkets.com
Publishing Date: October 2014
Report Code: TC 2867

 

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The report consists of the opportunity analysis of various software and hardware components involved in Fleet Management System (FMS). The report also forecasts the revenue potentials of the various communication technologies and services associated with fleet management. The report speaks about the business opportunities of the fleet management solutions for various types of vehicles comprising the fleets. It explores business potential of fleet management market solutions across varied industry verticals such as academia, government and waste management, public transport, utilities, retail, logistics, construction, mining, oil gas and chemicals, service sectors, and others.

The increase in the number of vehicles globally with major boom from the emerging economies such as Asia-Pacific indicates the upcoming business opportunities for fleet management solutions. The environmental concerns, CO2emission reduction norms, and fleet operators’ need for operational efficiencies are expected to serve as major drivers for the fleet management market. The hardware and connectivity costs are decreasing which is again supporting the growth of the adoption of FMS. Cloud-based fleet management software is surpassing the popularity of on-premise software. The major companies who are focusing on the fleet management sector are Accenture, IBM, Motorola Solutions, TomTom, Qualcomm, Masternaut, Trimble Navigation Ltd., Garmin International, Fleet matics, Pointer Telocation Ltd, Verizon Network fleet, etc.

The report analyzes market drivers, restraints, and opportunities, along with a study on key players and the competitive outlook. The report also provides key insights into the industry trends, adoption trends, and best practices in this market. The report brings out the fleet management business potential across the different regions such as North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. It further segments each regional market by system components, connectivity technologies, services, fleet vehicle types, and industry verticals and forecasts the revenue for the various sub-markets.

Scope of the Report

The fleet management market is segmented on the basis of system components and technologies, services, vehicle types, industry verticals, and regions.

Based on system components, technologies and services the market is segmented into following categories.

Fleet Analytics Software

  • Cloud-based fleet management software
  • On-premise fleet management software

Vehicle Tracking and Fleet Monitoring Devices

  • Communication transreceivers
  • Sensors
  • RFID tags and readers
  • Display terminals
  • Other devices (batteries and power sources, text-to-speech device for driver instruction, driver alarms)

Telematics Technologies

  • Satellite-GNSS(Global Navigation Satellite System)
  • Cellular

Vendor Services

  • Deployments and customization
  • Maintenance and support

Based on vehicle types:

  • Trucks and trailers
  • Light goods vehicles
  • Buses and trams
  • Corporate fleets
  • Container ships
  • Commercial and freighter aircrafts
  • Other vehicles (passenger and goods trains, cruise ships)

Based on industry verticals:

  • Academia
  • Government and waste management
  • Public transport
  • Utilities
  • Retail
  • Logistics
  • Construction
  • Mining
  • Oil, gas, and chemicals
  • Service sectors
  • Other verticals (Home-delivery services, cold storage, packers and movers, and vehicle rental organizations)

Based on regions:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Table of Contents 
 
1 Introduction (Page No.- 13)
    1.1 Objectives of the Study
    1.2 Markets Covered
    1.3 Stakeholders
    1.4 Market Scope

2 Research Methodology (Page No.- 17)
    2.1 Market Size Estimation
    2.2 Market Crackdown and Data Triangulation
    2.3 Market Share Estimation
          2.3.1 Key Data Taken From Secondary Sources
          2.3.2 Key Data From Primary Sources
                  2.3.2.1 Key Industry Insights
          2.3.3 Assumptions

3 Executive Summary (Page No.- 24)

4 Premium Insights (Page No.- 26)
    4.1 Robust Opportunities in Untapped Markets Such as APAC and MEA
    4.2 Regional Market Share and CAGR Growth for the Year 2014
    4.3 Highest Growth Expected in Asia-Pacific Region in the forecast Period 2014–2019
    4.4 Life Cycle Analysis, By Region

5 Market Overview (Page No.- 30)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
          5.3.1 By Components, Technologies and Services
          5.3.2 By Vehicle Types
          5.3.3 By Vertical Types
    5.4 Market Dynamics
          5.4.1 Drivers
                   5.4.1.1 Need for Operational Efficiencies
                   5.4.1.2 Environmental Concerns
                   5.4.1.3 Decreasing Hardware and Connectivity Cost
          5.4.2 Restraints
                   5.4.2.1 Cost Sensitivity of Fleet Owners
          5.4.3 Opportunities
                   5.4.3.1 Growth in Regional Economies
                   5.4.3.2 Future High-Tech Vehicles
          5.4.4 Challenge
                   5.4.4.1 Driver’s Security and Safety

6 Industry Trends (Page No.- 38)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
          6.3.1 Threat From New Entrants
                   6.3.1.1 High Level of Entrants
          6.3.2 Threat From Substitutes
                   6.3.2.1 Low-Cost Alternative
          6.3.3 Bargaining Power of Suppliers
                   6.3.3.1 Increase in Standardization 
          6.3.4 Bargaining Power of Buyers
                   6.3.4.1 Buyers Driving the Cost
          6.3.5 Intensity of Competitive Rivalry
                   6.3.5.1 Low Entry Barriers
    6.4 Strategic Benchmarking

7 Fleet Management Market Analysis, By Component, Technology, and Service (Page No.- 42)
    7.1 Introduction
          7.1.1 Fleet Analytics
          7.1.2 Vehicles Tracking and Fleet Monitoring Devices
          7.1.3 Telematics Connectivity
          7.1.4 Vendor Services

8 Fleet Management: Market Analysis, By Vehicle Type (Page No.- 49)
    8.1 Introduction
          8.1.1 Trucks and Trailers
          8.1.2 Buses and Trams
          8.1.3 Corporate Fleets
          8.1.4 Container Ships
          8.1.5 Commercial and Freighter Aircrafts
          8.1.6 Light Goods Vehicle
          8.1.7 Other Vehicles

9 Fleet Management Market Analysis, By Vertical Type (Page No.- 56)
    9.1 Introduction
          9.1.1 Academia
          9.1.2 Government and Waste Management
          9.1.3 Public Transport
          9.1.4 Utilities
          9.1.5 Retail
          9.1.6 Logistics
          9.1.7 Construction
          9.1.8 Mining
          9.1.9 Oil, Gas, and Chemicals
          9.1.10 Service Sector
          9.1.11 Other Verticals

10 Geographic Analysis (Page No.- 66)
     10.1 Introduction
     10.2 North America (NA)
     10.3 Europe
     10.4 Asia-Pacific (APAC)
     10.5 Latin America (LA)
     10.6 Middle East and Africa (MEA)

11 Competitive Landscape (Page No.- 90)
     11.1 Overview
     11.2 Market Share Analysis
     11.3 Competitive Situation and Trends
     11.4 New Product Launches
     11.5 Agreements, Partnerships, Collaborations, and Joint Ventures
     11.6 Mergers and Acquisitions
     11.7 Venture Capital

12 Company Profiles (Page No.- 96)
     (Overview, Products & Services, Strategies & Insights, Developments and MNM View)* 
     12.1 Introduction
     12.2 Accenture
     12.3 At&T, Inc.
     12.4 CISCO Systems, Inc.
     12.5 International Business Machines Corporation (IBM)
     12.6 Motorola Solutions, Inc.
     12.7 Trimble Navigation Ltd.
     12.8 Masternaut UK Ltd.
     12.9 Fleetmatics Ltd.
     12.10 Trafficmaster Ltd.
     12.11 ID Systems, Inc.

*Details on Overview, Products & Services, Strategies & Insights, Developments and MNM View Might Not Be Captured in Case of Unlisted Companies. 

13 Appendix (Page No.- 122)
     13.1 Discussion Guide
     13.2 Introducing RT: Real-Time Market Intelligence
     13.3 Available Customizations
     13.4 Related Reports
 
 
List of Tables (70 Tables) 

Table 1 Global Fleet Management Market Size, 2012–2019 ($Million)
Table 2 Increasing Technology Advancement is Propelling the Growth of the Market
Table 3 Lack of Fleet Cost Structure Awareness is Restraining the Market
Table 4 Growing Demand for Fleet is Generating Opportunities for the Companies
Table 5 Providing Better Solutions for Driver’s Safety is One of the Challenges for the Market
Table 6 Fleet Management: Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 7 Fleet Analytics Market Size, By Type, 2012–2019 ($Million)
Table 8 Vehicle Tracking and Fleet Monitoring Devices Market Size, By Type, 2012–2019 ($Million) 
Table 9 Telematics Connectivity Market Size, By Type, 2012–2019 ($Million)
Table 10 Vendor Service Market Size, By Type, 2012–2019 ($Million)
Table 11 Global Fleet Management: Market Size, By Vehicle Type, 2012–2019 ($Million) 
Table 12 Trucks and Trailers Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 13 Buses and Trams Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 14 Corporate Fleet Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 15 Container Ships Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 16 Commercial and Freighter Aircraft Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 17 Light Goods Vehicle Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 18 Other Vehicles Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 19 Global Fleet Management: Market Size, By Vertical, 2012–2019 ($Million) 
Table 20 Academia Market Size, By Component, Technology, and Service, 2012–2019 ($Million) 
Table 21 Government and Waste Management Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 22 Public Transport Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 23 Utilities Market Size, By Component, Technology, and Service, 2012–2019 ($Million) 
Table 24 Retail Market Size, By Component, Technology, and Service, 2012–2019 ($Million) 
Table 25 Logistics Market Size, By Component, Technology, and Service, 2012–2019 ($Million) 
Table 26 Construction Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 27 Mining Market Size, By Component, Technology, and Service, 2012–2019 ($Million) 
Table 28 Oil, Gas, and Chemical Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 29 Service Sector Market Size, By Component, Technology, and Service, 2012–2019 ($Million)
Table 30 Other Verticals Market Size, By Component, Technology, and Service, 2012-2019 ($Million)
Table 31 Global Fleet Management Market Size, By Region, 2012–2019 ($Million)
Table 32 North America: Market Size, By System Component, Technology, and Service, 2012–2019 ($Million)
Table 33 North America: Market Size, By Fleet Analytics Type, 2012–2019 ($Million)
Table 34 North America: Market Size, By Vehicle Tracking and Fleet Monitoring Device, 2012–2019 ($Million)
Table 35 North America: Market Size, By Telematics Connectivity, 2012–2019 ($Million)
Table 36 North America: Market Size, By Vendor Service, 2012–2019 ($Million)
Table 37 North America: Market Size, By Vehicle Type, 2012–2019 ($Million) 
Table 38 North America: Market Size, By Vertical Type, 2012–2019 ($Million) 
Table 39 Europe: Market Size, By System Component, Technology, and Service, 2012–2019 ($Million)
Table 40 Europe: Market Size, By Fleet Analytics Type, 2012–2019 ($Million) 
Table 41 Europe: Market Size, By Vehicle Tracking and Fleet Monitoring Device, 2012–2019 ($Million)
Table 42 Europe: Market Size, By Telematics Connectivity, 2012–2019 ($Million)
Table 43 Europe: Market Size, By Vendor Service, 2012–2019 ($Million) 
Table 44 Europe: Market Size, By Vehicle Type, 2012–2019 ($Million) 
Table 45 Europe: Market Size, By Vertical Type, 2012–2019 ($Million) 
Table 46 Asia-Pacific Market Size, By System Components, Technologies & Services, 2012-2019 ($Million)
Table 47 Asia-Pacific: Market Size, By Fleet Analytics Type, 2012–2019 ($Million)
Table 48 Asia-Pacific: Market Size, By Vehicle Tracking and Fleet Monitoring Device, 2012–2019 ($Million)
Table 49 Asia-Pacific: Market Size, By Telematics Connectivity, 2012–2019 ($Million)
Table 50 Asia-Pacific: Market Size, By Vendor Service, 2012–2019 ($Million) 
Table 51 Asia-Pacific: Market Size, By Vehicle Type, 2012–2019 ($Million) 
Table 52 Asia-Pacific: Market Size, By Vertical Type, 2012–2019 ($Million) 
Table 53 Latin America: Market Size, By System Component, Technology, and Service, 2012–2019 ($Million)
Table 54 Latin America: Market Size, By Fleet Analytics Type, 2012–2019 ($Million)
Table 55 Latin America: Market Size, By Vehicle Tracking and Fleet Monitoring Device, 2012–2019 ($Million)
Table 56 Latin America: Market Size, By Telematics Connectivity, 2012–2019 ($Million)
Table 57 Latin America: Market Size, By Vendor Service, 2012–2019 ($Million) 
Table 58 Latin America: Market Size, By Vehicle Type, 2012–2019 ($Million) 
Table 59 Latin America: Market Size, By Vertical Type, 2012–2019 ($Million) 
Table 60 Middle East and Africa: Market Size, By System Component, Technology, and Service, 2012–2019 ($Million)
Table 61 Middle East and Africa: Market Size, By Fleet Analytics Type, 2012–2019 ($Million)
Table 62 Middle East and Africa: Market Size, By Vehicle Tracking and Fleet Monitoring Device, 2012–2019 ($Million)
Table 63 Middle East and Africa: Market Size, By Telematics Connectivity, 2012–2019 ($Million)
Table 64 Middle East and Africa: Market Size, By Vendor Service, 2012–2019 ($Million)
Table 65 Middle East and Africa: Market Size, By Vehicle Type, 2012–2019 ($Million)
Table 66 Middle East and Africa: Market Size, By Vertical Type, 2012–2019 ($Million)
Table 67 New Product Launches, 2013–2014
Table 68 Agreements, Partnerships, Collaborations, and Joint Ventures, 2013–2014 
Table 69 Mergers and Acquisitions, 2011–2014
Table 70 Venture Capital, 2011–2013
 
 
List of Figures (45 Figures) 
 
Figure 1 Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Break Down of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Fleet Management Market Snapshot (2014 Vs. 2019): Telematics Connectivity is Expected to Maintain the Largest Share in the Market
Figure 6 Fleet Management: Market Size & Growth, 2012–2019 ($Million, Y-O-Y %)
Figure 7 Attractive Market Opportunities in the Market
Figure 8 APAC Commands the Largest Market Size in 2014
Figure 9 Asia-Pacific is Expected to Have the Highest CAGR During the Forecast Period 2014–2019
Figure 10 Asia-Pacific Region to Grow at the Highest CAGR During 2014–2019
Figure 11 Fleet Management: Market Evolution
Figure 12 Market By Components, Technologies and Services
Figure 13 Market By Vehicle Types
Figure 14 Market By Vertical Types
Figure 15 Decreasing Hardware and Connectivity Cost is the Most Significant Driving Factor
Figure 16 Porter's Five Forces Analysis
Figure 17 Strategic Benchmarking: AT&T, Motorola Solutions, Accenture Plc, Masternaut UK, and Fleet Logistics international Launched New Technologies and Solutions for Product Enhancement, 2014
Figure 18 Fleet Analytics is Expected to Grow at A High CAGR During the Forecast Period
Figure 19 Cloud-Based Fms is Expected to Grow at A High CAGR During the Forecast Period
Figure 20 RFID Tags and Readers Segment is Expected to Grow at A High CAGR During the Forecast Period 2014–2019
Figure 21 Satellite Gnss is Expected to Grow at A High CAGR During the Forecast Period
Figure 22 Deployment and Customization is Expected to Grow at A High CAGR During the Forecast Period
Figure 23 Container Ships Market is Expected to Grow at A High CAGR During the Forecast Period
Figure 24 Retail is Expected to Grow at A High CAGR During the Forecast Period
Figure 25 Geographic Snapshot (2014): Rapid Growth Markets Are Emerging as New Hotpots
Figure 26 Regional CAGR Snapshot (2014)
Figure 27 Companies Adopted Partnerships and Collaborations as One of the Key Growth Strategies
Figure 28 Global Fleet Management: Market Share, By Key Player, 2014
Figure 29 New Product Launch is One of the Major Strategies Adopted By the Market
Figure 30 Geographic Revenue Mix of Top 5 Market Players
Figure 31 Accenture Plc: Business Overview
Figure 32 Accenture: SWOT Analysis
Figure 33 AT&T, Inc.: Business Overview
Figure 34 AT&T, Inc.: SWOT Analysis
Figure 35 CISCO Systems, Inc.: Business Overview
Figure 36 CISCO: SWOT Analysis
Figure 37 International Business Machines Corporation: Business Overview
Figure 38 International Business Machines Corporation: SWOT Analysis
Figure 39 Motorola Solutions, Inc.: Business Overview
Figure 40 Motorola: SWOT Analysis
Figure 41 Trimble Navigation Ltd: Business Overview
Figure 42 Masternaut UK Ltd: Business Overview
Figure 43 Fleetmatics Ltd.: Business Overview
Figure 44 Trafficmaster Ltd.: Business Overview
Figure 45 ID Systems, Inc.: Business Overview

With the rapid increase in transportation of man and materials, the competition among the fleet owners is becoming tougher. The hike in fuel price, in addition, is making the fleet owners ponder over increasing efficiencies in their business operations. Specific norms have been introduced to reduce the CO2 emission from transportation and logistics activities and this in turn is making fleet performance monitoring and fuel consumption management extremely important for the fleet owners.

The world is moving towards smarter ways of transportation and fleet management for advantages such as smoother traffic flow, improved operation and enhanced safety. The vehicle manufacturers are also focusing on producing smart vehicles suitable for intelligent transportation systems. These in turn are acting as a boon for the fleet management vendors. With the increase in global fleet size and the focus on smart and optimized fleet operations, the global fleet management industry is expected to grow at a CAGR of 24.0% from 2014 to 2019.

The market is expected to grow in tandem with the growth in transportation activities. Hike in fuel prices, need for operational efficiencies, regulations to reduce CO2 emission, decreasing fleet management components and connectivity costs are the key drivers for the fleet management industry.

The fleet management market is segmented based on regions such as NA, LA, Europe, APAC, and MEA. The market research report profiles leading companies such as Accenture PLC (Ireland), Cisco Systems, Inc. (U.S.), International Business Machine Corporation (U.S.), Motorola Solutions (U.S.), and AT&T Inc. (U.S.)

Fleet Management: Market, Revenue by Regions, 2014 – 2019 ($Billion)

Fleet Management Market

Source: MarketsandMarkets Analysis

The table given above highlights the expected market revenue across various regions, from 2014 to 2019. The fleet management market is expected to grow from $12.06 billion in 2014 to $35.35 billion in 2014, at a Compound Annual Growth Rate (CAGR) of 24.0% from 2014 to 2019.

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