North America Fleet Management Market (2023-2028)

RESEARCH METHODOLOGY

The research study involved four major activities to estimate the fleet management market size. Exhaustive secondary research was conducted to collect key information about the market and peer markets. The next step was to validate these findings and assumptions and size the market with the help of primary research with industry experts across the value chain. Both top-down and bottom-up approaches were used to estimate the market size. Following this, market breakdown and data triangulation were adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

The market size of companies offering fleet management solutions and services to various subscribers is estimated using secondary data from paid and unpaid sources, and by analyzing the components (solutions and services) of major companies in the ecosystem and rating them based on their performance and quality. In the secondary research process, various sources were consulted to identify and collect information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers; journals; certified publications and articles from recognized authors; and directories and databases.

Secondary research was primarily used to obtain key information on the industry’s supply chain, the total pool of key players, market classification and segmentation by industry trends down to the most granular level, regional markets, and key developments from both market- and technology-oriented perspectives, all of which were further validated by primary sources.

Primary Research

In the primary research process, interviews with primary sources from both the supply and demand sides were conducted to gather qualitative and quantitative information for the report. Supply-side primary sources include industry experts such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and other key executives from companies and organizations providing fleet management solutions. Demand-side primary sources include end users such as Chief Information Officers (CIOs), consultants, service professionals, technicians and technologists, and managers at public and investor-owned utilities.

In the market engineering process, top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to perform market estimation and forecasting for the overall market segments and subsegments listed in the report. Extensive qualitative and quantitative analyses have been conducted throughout the market engineering process to present key information and insights throughout the report.

After completing market engineering (including calculations for market statistics, market breakup, market size estimates, market forecasting, and data triangulation), extensive primary research has been conducted to gather information. Primary research has been conducted to identify segmentation, industry trends, key players, the competitive landscape, and key market dynamics, such as drivers, restraints, opportunities, challenges, and key strategies.

Note 1: Tier 1 companies have revenues of more than USD 10 billion; tier 2 companies’ revenue ranges from USD 1 billion to USD 10 billion; and tier 3 companies’ revenue ranges from USD 500 million to USD 1 billion

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