HOME Top Market Reports Fleet Management Market by Solution (Operations Management, Information Management, Risk Management, Vehicle Maintenance & Leasing, Safety & Compliance Management), Service, Deployment Type, Fleet Type and Region - Global forecast to 2022

Fleet Management Market by Solution (Operations Management, Information Management, Risk Management, Vehicle Maintenance & Leasing, Safety & Compliance Management), Service, Deployment Type, Fleet Type and Region - Global forecast to 2022

By: marketsandmarkets.com
Publishing Date: August 2017
Report Code: TC 2867

 

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The fleet management market is expected to grow from USD 12.08 Billion in 2016 to USD 28.66 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.8%. The base year considered for the study is 2016 and the forecast period considered is 2017–2022.

Objectives of the Study

  • To determine and forecast the global fleet management market on the basis of types (solutions and services), deployment types, fleet types, and regions from 2017 to 2022, and analyze the various macro and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to the 5 main regions, namely, North America, Europe, Latin America, Asia Pacific (APAC), and Middle East and Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the fleet management market (drivers, restraints, opportunities, and challenges)
  • To analyze each submarket with respect to the individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To profile the key market players, provide comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
  • To track and analyze the competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities in the market

The research methodology used to estimate and forecast the fleet management market began with capturing of the data on the key vendor revenues. The market size of the individual segments was determined through various secondary sources: industry associations; white papers; and journals. The vendor offerings were also taken into consideration to determine the market segmentations. The bottom-up approach was employed to arrive at the overall size of the market, by considering the fleet management adoption rate in fleets in use and fleet management pricing of key players, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments.

The breakdown of the profiles of the primary discussion participants is depicted in the figure below:

Fleet Management Market

To know about the assumptions considered for the study, download the pdf brochure

The fleet management market ecosystem includes players such as AT&T (US), Donlen Corporation (US), Geotab (Canada), LeasePlan USA (US), Masternaut Limited (UK), Merchants Fleet Management (US), Omnitracs (US), Teletrac Navman (US),  Trimble (US), Verizon Telematics(US), Wheels, Inc. (US), and WorkWave (US).

Key Target Audience

  • Cloud service providers
  • Compliance regulatory authorities
  • Government agencies
  • Information Technology (IT) companies
  • Investors and Venture Capitalists (VCs)
  • System integrators
  • Value-Added Resellers (VARs) and distributors
  • Third-party logistics providers

Scope of the Report

The fleet management market takes into account, several technology segments, deployment types, solutions, services, and fleet types, to arrive at the global market size for fleet management during the forecast period.

By Type 

  • Solutions
    • Operations Management
    • Information Management
    • Risk Management
    • Vehicle Maintenance and Leasing
    • Safety and Compliance Management
    • Others (carbon emission reporting, toll management, and in-cab coaching)
  • Services
    • Professional services
    • Managed services

By Deployment Type

  • On-Premises
  • Cloud
  • Hybrid

By Fleet Type

  • Light Commercial Vehicles (LCVs)
  • Medium and Heavy Commercial Vehicles (M&HCVs)

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customization as per the company’s specific requirements. The following customization options are available for the report:

Geographic Analysis

  • Further country-level breakdown of the North American fleet management market
  • Further country-level breakdown of the European market
  • Further country-level breakdown of the APAC market
  • Further country-level breakdown of the MEA market
  • Further country-level breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Microquadrant Research Methodology
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities in the Fleet Management Market
    4.2 Market Snapshot (2017 vs 2022)
    4.3 Market, By Type, 2017 Vs.2022
    4.4 Market, By Solution, 2015–2022
    4.5 Market, By Service, 2017 Vs.2022
    4.6 Life Cycle Analysis, By Region, 2017
    4.7 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 37)
    5.1 Introduction
    5.2 Innovation Spotlight
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Need for Operational Efficiency in Fleet Owning Organizations
                    5.3.1.2 Increasing Adoption of Cloud Computing for Streamlining Fleet Management Operations
                    5.3.1.3 Declining Hardware and Connectivity Costs Leading to the Increased Deployment of Fleet Management Solutions
                    5.3.1.4 Eld Mandate is Driving New Revenue Streams for Vendors
           5.3.2 Restraints
                    5.3.2.1 Cost Sensitivity of Fleet Owners is A Major Hurdle in the Deployment of Advanced Fleet Management Technologies
                    5.3.2.2 Growing Data Volumes Leading to Increased Cyber Threats
           5.3.3 Opportunities
                    5.3.3.1 Telematics Data Can Be Harnessed to Make Informed Business Decisions
                    5.3.3.2 Green Fleet Initiatives Reduce the Environmental Impact and Ensure Efficient Functioning of Fleets
           5.3.4 Challenges
                    5.3.4.1 Driver Safety and Productivity are the Major Concerns Affecting the Vehicle Uptime
                    5.3.4.2 Data Management is A Complex Process for Vendors
                    5.3.4.3 Fuel Price Volatility is A Major Factor Impacting the Planned Fleet Budget

6 Fleet Management Market Analysis, By Type (Page No. - 42)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Operations Management
                    6.2.1.1 Location Tracking and Geo-Fencing
                    6.2.1.2 Route Optimization and Navigation
           6.2.2 Information Management
                    6.2.2.1 Vehicle Telematics
                               6.2.2.1.1 Driver Management
                               6.2.2.1.2 Remote Fleet Diagnostics
                               6.2.2.1.3 Fuel Management
                    6.2.2.2 Fleet Analytics
           6.2.3 Risk Management
                    6.2.3.1 Vehicle Security
                    6.2.3.2 Crash Management
                    6.2.3.3 Insurance Management
           6.2.4 Vehicle Maintenance and Leasing
           6.2.5 Safety and Compliance Management
           6.2.6 Others
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Consulting
                    6.3.1.2 System Integration and Deployment
                    6.3.1.3 Support and Maintenance
           6.3.2 Managed Services

7 Fleet Management Market Analysis, By Deployment Type (Page No. - 64)
    7.1 Introduction
           7.1.1 On-Premises
           7.1.2 Cloud
           7.1.3 Hybrid

8 Fleet Management Market Analysis, By Fleet Type (Page No. - 69)
    8.1 Introduction
           8.1.1 Commercial Fleets
                    8.1.1.1 LCV
                    8.1.1.2 M&HCV
           8.1.2 Passenger Cars

9 Geographic Analysis (Page No. - 74)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia Pacific
    9.5 Latin America
    9.6 Middle East and Africa

10 Competitive Landscape (Page No. - 106)
     10.1 Microquadrant Overview
             10.1.1 Visionary Leaders
             10.1.2 Innovators
             10.1.3 Dynamic Differentiators
             10.1.4 Emerging Companies
     10.2 Competitive Benchmarking
             10.2.1 Strength of Product Portfolio Adopted By Major Players in The Fleet Management Market
             10.2.2 Business Strategy Excellence Adopted By Major Players in The Fleet Management Market

11 Company Profiles (Page No. - 110)
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
     11.1 AT&T
     11.2 Donlen Corporation
     11.3 Geotab
     11.4 Leaseplan USA
     11.5 Masternaut
     11.6 Merchants Fleet Management
     11.7 Omnitracs
     11.8 Teletrac Navman
     11.9 Tomtom Telematics
     11.10 Trimble
     11.11 Verizon Telematics
     11.12 Wheels, Inc.
     11.13 Workwave

*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 148)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (99 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Fleet Management Market, By Type, 2015–2022 (USD Million)
Table 3 Market Size, By Solution, 2015–2022 (USD Million)
Table 4 Solutions: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Operations Management Market Size, By Type, 2015–2022 (USD Million)
Table 6 Operations Management Market Size, By Region, 2015–2022 (USD Million)
Table 7 Location Tracking and Geo-Fencing Market Size, By Region, 2015–2022 (USD Million)
Table 8 Route Optimization and Navigation Market Size, By Region, 2015–2022 (USD Million)
Table 9 Information Management Market Size, By Type, 2015–2022 (USD Million)
Table 10 Information Management Market Size, By Region, 2015–2022 (USD Million)
Table 11 Vehicle Telematics Market Size, By Type, 2015–2022 (USD Million)
Table 12 Vehicle Telematics Market Size, By Region, 2015–2022 (USD Million)
Table 13 Driver Management Market Size, By Region, 2015–2022 (USD Million)
Table 14 Remote Fleet Diagnostics Market Size, By Region, 2015–2022 (USD Million)
Table 15 Fuel Management Market Size, By Region, 2015–2022 (USD Million)
Table 16 Fleet Analytics Market Size, By Region, 2015–2022 (USD Million)
Table 17 Risk Management Market Size, By Type, 2015–2022 (USD Million)
Table 18 Risk Management Market Size, By Region, 2015–2022 (USD Million)
Table 19 Vehicle Security Market Size, By Region, 2015–2022 (USD Million)
Table 20 Crash Management Market Size, By Region, 2015–2022 (USD Million)
Table 21 Insurance Management Market Size, By Region, 2015–2022 (USD Million)
Table 22 Vehicle Maintenance and Leasing Market Size, By Region, 2015–2022 (USD Million)
Table 23 Safety and Compliance Management Market Size, By Region, 2015–2022 (USD Million)
Table 24 Other Solutions Market Size, By Region, 2015–2022 (USD Million)
Table 25 Services: Market Size, By Type, 2015–2022 (USD Million)
Table 26 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 27 Professional Services Market Size, By Type, 2015–2022 (USD Million)
Table 28 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 29 Consulting Market Size, By Region, 2015–2022 (USD Million)
Table 30 System Integration and Deployment Market Size, By Region, 2015–2022 (USD Million)
Table 31 Support and Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 32 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 33 Fleet Management Market, By Deployment Type, 2015–2022 (USD Million)
Table 34 On-Premises: Market Size, By Region, 2015–2022 (USD Million)
Table 35 Cloud: Market Size, By Region, 2015–2022 (USD Million)
Table 36 Hybrid: Market Size, By Region, 2015–2022 (USD Million)
Table 37 Fleet Management Market, By Fleet Type, 2015–2022 (USD Million)
Table 38 Commercial Fleets: Market Size, By Type, 2015–2022 (USD Million)
Table 39 Commercial Fleets: Market Size, By Region, 2015–2022 (USD Million)
Table 40 Light Commercial Vehicles Market Size, By Region, 2015–2022 (USD Million)
Table 41 Medium and Heavy Commercial Vehicles Market Size, By Region, 2015–2022 (USD Million)
Table 42 Passenger Cars: Market Size, By Region, 2015–2022 (USD Million)
Table 43 Fleet Management Market Size, By Region, 2015–2022 (USD Million)
Table 44 North America: Fleet Management Market Size, By Type, 2015–2022 (USD Million)
Table 45 North America: Market Size, By Solution, 2015–2022 (USD Million)
Table 46 North America: Operations Management Market Size, By Type, 2015–2022 (USD Million)
Table 47 North America: Information Management Market Size, By Type, 2015–2022 (USD Million)
Table 48 North America: Vehicle Telematics Market Size, By Type, 2015–2022 (USD Million)
Table 49 North America: Risk Management Market Size, By Type, 2015–2022 (USD Million)
Table 50 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 51 North America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 52 North America: Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 53 North America: Market Size, By Fleet Type, 2015–2022 (USD Million)
Table 54 North America: Commercial Fleets Market Size, By Type, 2015–2022 (USD Million)
Table 55 Europe: Fleet Management Market Size, By Type, 2015–2022 (USD Million)
Table 56 Europe: Market Size, By Solution, 2015–2022 (USD Million)
Table 57 Europe: Operations Management Market Size, By Type, 2015–2022 (USD Million)
Table 58 Europe: Information Management Market Size, By Type, 2015–2022 (USD Million)
Table 59 Europe: Vehicle Telematics Market Size, By Type, 2015–2022 (USD Million)
Table 60 Europe: Risk Management Market Size, By Type, 2015–2022 (USD Million)
Table 61 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 62 Europe: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 63 Europe: Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 64 Europe: Market Size, By Fleet Type, 2015–2022 (USD Million)
Table 65 Europe: Commercial Fleets Market Size, By Type, 2015–2022 (USD Million)
Table 66 Asia Pacific: Fleet Management Market Size, By Type, 2015–2022 (USD Million)
Table 67 Asia Pacific: Market Size, By Solution, 2015-2022 (USD Million)
Table 68 Asia Pacific: Operations Management Market Size, By Type, 2015–2022 (USD Million)
Table 69 Asia Pacific: Information Management Market Size, By Type, 2015–2022 (USD Million)
Table 70 Asia Pacific: Vehicle Telematics Market Size, By Type, 2015–2022 (USD Million)
Table 71 Asia Pacific: Risk Management Market Size, By Type, 2015–2022 (USD Million)
Table 72 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 73 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 74 Asia Pacific: Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 75 Asia Pacific: Market Size, By Fleet Type, 2015–2022 (USD Million)
Table 76 Commercial Fleets: Fleet Management Market Size, By Type, 2015–2022 (USD Million)
Table 77 Latin America: Fleet Management Market Size, By Type, 2015–2022 (USD Million)
Table 78 Latin America: Market Size, By Solution, 2015–2022 (USD Million)
Table 79 Latin America: Operations Management Market Size, By Type, 2015–2022 (USD Million)
Table 80 Latin America: Information Management Market Size, By Type, 2015–2022 (USD Million)
Table 81 Latin America: Vehicle Telematics Market Size, By Type, 2015–2022 (USD Million)
Table 82 Latin America: Risk Management Market Size, By Type, 2015–2022 (USD Million)
Table 83 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 84 Latin America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 85 Latin America: Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 86 Latin America: Market Size, By Fleet Type, 2015–2022 (USD Million)
Table 87 Latin America: Commercial Fleets Market Size, By Type, 2015–2022 (USD Million)
Table 88 Middle East and Africa: Fleet Management Market Size, By Type, 2015–2022 (USD Million)
Table 89 Middle East and Africa: Market Size, By Solution, 2015–2022 (USD Million)
Table 90 Middle East and Africa: Operations Management Market Size, By Type, 2015–2022 (USD Million)
Table 91 Middle East and Africa: Information Management Market Size, By Type, 2015–2022 (USD Million)
Table 92 Middle East and Africa: Vehicle Telematics Market Size, By Type, 2015–2022 (USD Million)
Table 93 Middle East and Africa: Risk Management Market Size, By Type, 2015–2022 (USD Million)
Table 94 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 95 Middle East and Africa: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 96 Middle East and Africa: Market Size, By Deployment Type, 2015–2022 (USD Million)
Table 97 Middle East and Africa: Market Size, By Fleet Type, 2015–2022 (USD Million)
Table 98 Middle East and Africa: Commercial Fleets Market Size, By Type, 2015–2022 (USD Million)
Table 99 Market Ranking for the Fleet Management Market, 2017


List of Figures (33 Figures)

Figure 1 Fleet Management Market: Market Segmentation
Figure 2 Fleet Management Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Microquadrant: Criteria Weightage
Figure 8 Fleet Management Market: Assumptions
Figure 9 Market is Expected to Witness Significant Growth During the Forecast Period
Figure 10 Top 3 Leading Segments in the Market in 2017
Figure 11 Fleet Management Regional Market Scenario
Figure 12 Strict Regulatory Mandates in North America and Europe are Driving the Market Toward Growth
Figure 13 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Solutions Segment is Expected to Be the Major Contributor in the Market in 2017 and 2022
Figure 15 Operations Management Segment is Expected to Lead the Market During the Forecast Period
Figure 16 Professional Services Segment is Expected to Lead the Fleet Management Market in Terms of Market Share in 2017 and 2022
Figure 17 Asia Pacific is Expected to Exhibit High Growth Potential During the Forecast Period
Figure 18 Fleet Management Market: Market Investment Scenario
Figure 19 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Solutions Segment is Expected to Hold the Larger Share in the Market During the Forecast Period
Figure 21 Operations Management Solution is Expected to Account for the Largest Market Size in the Fleet Management Market
Figure 22 Professional Services Segment is Expected to Have the Larger Market Size During the Forecast Period
Figure 23 Cloud Segment is Expected to Have the Largest Market Size in 2022
Figure 24 Passenger Cars Segment is Expected to Have the Larger Market Size During the Forecast Period
Figure 25 North America is Expected to Have the Largest Market Size in the Fleet Management Market During the Forecast Period
Figure 26 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 North America: Market Snapshot
Figure 28 Asia Pacific: Market Snapshot
Figure 29 Fleet Management Market (Global), Competitive Leadership Mapping, 2017
Figure 30 AT&T: Company Snapshot
Figure 31 Tomtom Telematics: Company Snapshot
Figure 32 Trimble: Company Snapshot
Figure 33 Verizon Telematics: Company Snapshot

The fleet management market size is expected to grow from USD 13.78 Billion in 2017 to USD 28.66 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.8%. The major drivers of the market include the growing need for operational efficiency, resulting in increased demand for fleet management, adoption of cloud computing in fleet, thereby streamlining the fleet management operations, and declining hardware and connectivity costs, leading to increased deployment of fleet management solutions.

The scope of the report covers the fleet management market analysis by type (solutions and services), deployment type, fleet type, and region. The operations management solution is expected to have the largest market share during the forecast period, owing to the much needed functionalities, such as the real time-tracking of vehicle location, geo-fencing, and route optimization, aiding in optimizing the fuel usage. The vehicle maintenance and leasing solution is expected to grow at the highest CAGR during the forecast period because fleets are increasingly opting for leasing to cut down the expenses, and increasing the focus and spending on vehicle maintenance to increase the lifecycle of the vehicles and decrease the vehicle down time.

The professional services segment is expected to have the largest market share during the forecast period, owing to the need of technological consulting, and continuous support and maintenance activities for the deployment of fleet management technologies. Managed services is expected to grow at the highest rate, owing to the increased adoption of outsourced managed services across various fleets.

The cloud deployment type is estimated to have the largest market share during the forecast period as well as expected to grow at the highest rate during the forecast period, owing to the cost-effectiveness, scalability, and real-time accessibility to organizational content.

The passenger cars segment is estimated to hold the largest market share as well as expected to grow at the highest CARG during the forecast period, owing to its large presence and increased deployment by fleet leasing companies.

Fleet Management Market

As per the geographic analysis, North America is expected to hold the largest market share, due to the early adoption of fleet management technologies in this region. Asia Pacific (APAC) is expected to witness the highest growth in the fleet management market during the forecast period, due to the increasing adoption of advanced technologies and increasing Gross Domestic Product (GDP) in the countries.

The major restraining factor that is limiting the fleet management market growth is said to be the cost sensitivity of fleet owners, which is restricting the deployment of advanced fleet management technologies and growing data leading to cyber threats. The major vendors profiled in the report include AT&T (US), Donlen Corporation (US), Geotab (Canada), LeasePlan USA (US), Masternaut Limited (UK), Merchants Fleet Management (US), Omnitracs (US), Teletrac Navman (US),  Trimble (US), Verizon Telematics (US), Wheels, Inc. (US), and WorkWave (US).

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