United States Fleet Management Market by Solutions (Operation Management, Vehicle Maintenance & Diagnostics, Performance Management, Fleet Analytics & Reporting), Fleet Type (Passenger Cabs, Commercial Vehicles, Public Transport) - Global Forecast to 2030

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USD 17.63 BN
MARKET SIZE, 2030
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CAGR 9.2%
(2025-2030)
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200
REPORT PAGES
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150
MARKET TABLES

OVERVIEW

us-fleet-management-systems-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The fleet management market in the US is estimated to be USD 11.34 billion in 2025. It is projected to reach USD 17.63 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. Fleet management systems are increasingly being adopted by operators due to strict regulatory obligations, particularly those related to Electronic Logging Device regulations and pollution standards. The use of Electronic Logging Devices, which are required to accurately log and track drivers' hours of duty, ensures adherence to labor laws, reduces the likelihood of incidents involving fatigued drivers, and enhances overall road safety. Fleet management systems are essential for helping businesses comply with these regulations as they provide tools for tracking and optimizing fuel usage, planning routine maintenance, and promoting environmentally friendly driving practices.

KEY TAKEAWAYS

  • By Component
    By component, the services segment is expected to register a higher CAGR of 11.1% during the forecast period.
  • By Fleet Type
    By fleet type, the commercial vehicles segment is projected to grow at the fastest rate from 2025 to 2030.
  • By Powertrain
    By powertrain, the internal combustion engine (ICE) segment is estimated to dominate the market.
  • By Vertical
    By vertical, the construction & mining segment is expected to exhibit the fastest growth during the forecast period.
  • Competitive Landscape
    Verizon Connect, Trimble, and Geotab were identified as some of the star players in the US fleet management market, given their strong market share and product footprint.

The fleet management market in the US is expanding as automation is increasingly integrated into core operations. Companies are deploying automated systems for maintenance scheduling, dispatch, and route optimization to streamline workflows and reduce administrative work. The industry is shifting toward data-driven, automated processes, which improve decision-making and make fleet planning more accurate. Alongside growing demand for real-time visibility and predictive maintenance, these advances are accelerating the adoption of modern fleet management solutions and will continue to drive market growth in the US.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The US fleet management market is increasingly defined by shifting operational requirements, technological integration, and rigorous regulatory mandates. Primary end-user segments, specifically commercial logistics, public transit, and cold chain distribution, utilize advanced management platforms to bolster service reliability and ensure safety compliance. Escalating pressure to mitigate fuel expenditures and curb asset misuse is accelerating the deployment of integrated telematics and unified data architectures. Revenue models for solution providers are shifting from conventional hardware sales to high-value streams, including automotive data monetization and EV-specific sustainability services. These structural shifts allow operators to refine performance metrics and improve service delivery precision for the end consumer. Consequently, the sustained demand for sophisticated fleet systems and value-added analytical services is projected to reinforce the long-term expansion of the domestic market.

us-fleet-management-systems-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Federal Electronic Logging Device (ELD) Mandate Compliance & Integration Opportunities
  • Rising E-commerce Demand & Last-mile Delivery Growth
RESTRAINTS
Impact
Level
  • Charging Infrastructure & Grid Capacity Limitations
  • Critical Driver Shortage & Labor Availability Crisis
OPPORTUNITIES
Impact
Level
  • Autonomous Long-haul Trucking & Hub-to-Hub Operations Model
  • Regulatory Incentives & Clean Energy Credits for Early Adopters
CHALLENGES
Impact
Level
  • Integration Complexity & Data Silos Across Fleet Systems
  • Limited EV Range & Battery Weight Impact on Payload Economics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Federal Electronic Logging Device (ELD) Mandate Compliance & Integration Opportunities

The mandatory Electronic Logging Device (ELD) regulation has transformed fleet operations by providing real-time visibility into vehicle movements, driver hours, and operational data. Fleets that deploy compliant ELDs realize about USD 700 in annual savings per vehicle. These savings come from optimized dispatching, reduced unauthorized travel, and lower insurance premiums. Beyond compliance, ELDs enable smarter scheduling using current conditions, driver location, and remaining hours of service. Early adopters gain a competitive edge by integrating ELD data into fleet-management platforms for predictive maintenance and safety insights.

Restraint: Charging Infrastructure & Grid Capacity Limitations

The US has 43,000 public EV charging stations, but distribution is severely uneven. California alone possesses nearly as many stations as 39 other states combined. Long-haul trucking operations face a critical challenge in establishing reliable nationwide charging networks. Fleet operators are expected to invest in expensive on-site depot charging infrastructure, while grid capacity constraints in many regions prevent large-scale EV fleet deployment. Charging station costs are two to three times higher than depot charging. Research also shows that adding public charging stops on long-haul routes could increase logistics costs by 20% or more.

Opportunity: Autonomous Long-haul Trucking & Hub-to-Hub Operations Model

Autonomous trucking moved from pilot programs to early commercial deployment in 2025, with companies such as Aurora Innovation and Kodiak Robotics operating driverless trucks on key US freight corridors, including Dallas to Houston and routes in West Texas. The hub-to-hub model assigns autonomous vehicles to long-haul routes while human drivers manage first- and last-mile deliveries. By 2035, autonomous trucks are expected to account for about 30% of new truck sales. Falling operating costs, with cost per mile projected to drop sharply by 2030, strengthen total cost advantages and help alleviate persistent driver shortages.

Challenge: Integration Complexity & Data Silos Across Fleet Systems

Fleet managers work with fragmented systems where vehicle location, maintenance alerts, and performance data are spread across incompatible platforms. This data fragmentation creates operational blind spots. 58% of fleet managers report spending most of their time reactively addressing crises rather than proactively managing assets, and 44% lose track of vehicles monthly. Expensive retrofitting is required for legacy truck fleets to support modern telematics, and data transmission is disrupted by connectivity gaps in rural and remote areas. Without consolidated data, fleets struggle to gain insights, causing delayed maintenance and inefficient use of resources.

UNITED STATES FLEET MANAGEMENT MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Solaris used the integrated Geotab–Geoforce solution to track vehicle locations, monitor equipment movements, and improve visibility across worksites. The system provided accurate data on truck activity, idling patterns, and driver behavior, enabling better operational control and improved safety across oilfield operations. Improved Driver Safety, Improved Visibility Of Asset, Improved Operational Efficiency, Improved Compliance and Insurance Management
Dayton Freight implemented Omnitracs solutions to automate manual workflows, improve communication, and enhance customer service efficiency. Real-time data insights and automated assignments enabled the company to reduce delays, enhance driver performance, and maintain consistent service quality across its extensive trucking network. Real-time data analysis, Improved on time services, Efficient fleet maintenance, Automation of critical functions
The government adopted Fleetio to streamline fleet oversight, reduce manual processes, and improve communication across departments. The platform enabled easier onboarding and better management of maintenance, inspections, and equipment. This helps staff focus more on operational tasks rather than resolving fleet issues. Reduced Operational costs, Increased efficiency, Extended vehicle life, Better focus on core tasks

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The fleet management ecosystem in the US brings together telematics and platform providers, hardware and device manufacturers, service operators, and regulatory bodies to deliver end-to-end fleet visibility, safety, and efficiency. Platform vendors aggregate vehicle, driver, and infrastructure data while device makers supply gateways, cameras, and sensors. Service providers offer implementation, maintenance, leasing, and managed operations, and regulators set compliance, emissions, and safety requirements. Rapid electrification, expanding connectivity, and AI-based analytics are driving new capabilities such as charger-aware routing, predictive maintenance, and driver coaching. These advances are enabling cost reductions and higher uptime across logistics, transit, construction, and emergency fleets.

us-fleet-management-systems-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

us-fleet-management-systems-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

US Fleet Managmeent Market, By Component

Fleet tracking systems provide high-precision, real-time location data, enabling managers to monitor vehicle status and facilitate rapid, informed decision-making. This visibility is essential for resolving operational contingencies and maintaining delivery schedules. Geofencing technologies augment these capabilities by establishing virtual perimeters that trigger automated alerts upon entry or exit, thereby improving security protocols and regulatory compliance. Furthermore, sophisticated routing and scheduling algorithms optimize vehicle trajectories to minimize idle time and maximize fuel efficiency. The integration of these digital solutions enhances overall operational performance, yielding higher productivity and reduced overhead. Consequently, the convergence of increased efficiency and improved customer satisfaction continues to accelerate the adoption of comprehensive fleet management platforms, serving as a primary catalyst for domestic market expansion.

US Fleet Managmeent Market, By Fleet Type

The commercial vehicles segment is expected to record the highest CAGR in the market during the forecast period. The rapid growth of e-commerce and last-mile delivery has driven large-scale fleet deployment. This has created strong demand for telematics, route optimization, and driver-assist solutions designed for frequent stops and urban driving. Simultaneously, accelerated electrification of delivery fleets increases the need for EV-specific diagnostics, charger-aware routing, and energy analytics. Operators are further pushed to modernize fleets and adopt advanced fleet management platforms by strict city emissions and curb-access regulations. Combined operational savings, regulatory pressure, and technology-driven efficiency gains position commercial vehicles as the fastest-growing fleet type.

US Fleet Managmeent Market, By Powertrain

Electric vehicle powertrains are expected to register the highest CAGR in the US fleet management market, as fleet electrification creates a surge in demand for specialized telematics and energy management solutions. Operators require battery state of charge and health monitoring, smart charging orchestration, and predictive battery maintenance to maintain uptime and control costs. Regulatory pressure, state incentives, corporate decarbonization targets, and OEM electrification roadmaps accelerate the replacement of internal combustion vehicles in delivery, transit, and municipal fleets. Additionally, the rising deployment of EV chargers and integration with grid services increases the value of fleet-level energy optimization platforms. Together, operational savings, regulatory drivers, and technology needs will propel rapid growth in EV-focused fleet solutions.

US Fleet Managmeent Market, By Vertical

Commercial logistics is expected to hold the largest share of the US fleet management market during the forecast period because the rapid expansion of e-commerce and omnichannel distribution drives large, high-utilization vehicle fleets. Logistics operators prioritize solutions that reduce fuel and labor costs, improve asset utilization, and ensure timely last-mile delivery. Additionally, electrification pilots in delivery fleets increase demand for EV-specific diagnostics and smart charging. Regulatory pressures on emissions and safety, combined with tight margins that reward Total Cost of Ownership reductions and predictive maintenance, accelerate the adoption of integrated fleet platforms across the commercial logistics vertical.

REGION

 

 

us-fleet-management-systems-market Region

UNITED STATES FLEET MANAGEMENT MARKET: COMPANY EVALUATION MATRIX

Within the US fleet management market quadrant, Verizon Connect (Star) holds a leadership position due to its strong market presence and broad product portfolio. Its comprehensive telematics platform and deep experience across commercial logistics and service fleets support sustained adoption at scale. Zebra Technologies is growing as an emerging leader by expanding asset visibility, rugged mobility solutions, and integrated tracking capabilities. While Verizon Connect continues to lead through feature depth and widespread deployment, Zebra demonstrates clear potential to move closer to the leadership tier as demand rises for unified device platforms, real-time operational intelligence, and connected asset management across US industries.

us-fleet-management-systems-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2025 (Value) USD 11.34 Billion
Market Forecast in 2030 (Value) USD 17.63 Billion
Growth Rate CAGR of 9.2% from 2025 to 2030
Years Considered 2019-2030
Base Year 2024
Forecast Period 2025-2030
Units Considered Value (USD Billion)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • By Component:
    • Solutions
    • Services
  • By Fleet Type:
    • Passenger Cabs
    • Commercial Vehicles
    • Off-highway & Industrial Vehicles
    • Public Transport
    • Others
  • By Powertrain:
    • Internal Combustion Engine (ICE)
    • Electric Vehicle (EV)
    • Hybrid
  • By Vertical:
    • Commercial Logistics
    • Public Transport
    • Construction & Mining
    • Law Enforcement & Emergency Services
    • Others
Countries Covered US

WHAT IS IN IT FOR YOU: UNITED STATES FLEET MANAGEMENT MARKET REPORT CONTENT GUIDE

us-fleet-management-systems-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
EV Fleet Operator
  • Battery SOC & thermal-management integration
  • Predictive range & EV route optimization
  • Charging-station scheduling & smart-charging coordination
  • Battery-health & regen analytics
  • Higher vehicle uptime & reduced range anxiety
  • Lower charging cost via off-peak optimization
  • Fewer unscheduled stops and improved depot utilization
  • Extended battery life and lower replacement spend
Construction & Mining Operator
  • Rugged heavy-duty telematics & vibration/hydraulics sensors
  • Site geofencing & access control
  • Usage-hour based maintenance scheduling
  • Payload & load-cycle monitoring
  • Increased equipment availability and reduced downtime
  • Improved site safety and controlled asset access
  • Lower repair costs through timely preventive work
  • Higher productivity and optimized asset life
Commercial Logistics / Freight Carrier
  • ELD/HOS automated reporting
  • Trailer tracking & cargo-condition sensing (temp, shock)
  • Dynamic load matching & dispatch optimization
  • Driver scoring, coaching & incentive workflows
  • Avoidance of compliance fines and simplified audits
  • Fewer cargo claims and better SLA performance
  • Higher utilization, fewer empty miles and lower fuel per ton-mile
  • Safer driving, lower insurance premiums and better driver retention
Public Transport Authority
  • AVL + real-time passenger info integration
  • Headway adherence & schedule-recovery automation
  • Depot charging & electrification planning
  • Accessibility & reliability monitoring dashboards
  • Better rider experience and increased ridership
  • Improved on-time performance and reduced bunching
  • Smoother electrification rollout and lower lifecycle cost
  • Compliance with accessibility standards and higher service reliability
Ride-hailing / Passenger Cabs
  • Surge-aware dynamic dispatch & driver heatmaps
  • In-app driver earnings & performance analytics
  • Safety features: in-ride panic & trip alerts
  • Micro-fleet electrification & charging scheduling
  • Shorter passenger wait times and higher trip throughput
  • Greater driver earnings visibility and retention
  • Lower incident rates and higher rider trust
  • Lower operating cost & stronger sustainability credentials

RECENT DEVELOPMENTS

  • October 2025 : ORBCOMM secured a major contract with Evergreen Line to equip its dry container fleet with ORBCOMM’s smart container technology for enhanced asset visibility.
  • September 2025 : Zonar Systems acquired ez enRoute and subsequently launched the "Zonar Bus Suite" to modernize student transportation logistics and improve routing efficiency.
  • July 2025 : Teletrac Navman debuted its "Multi IQ Camera," a new cloud-based AI dashcam solution designed to provide 360-degree visibility and real-time safety insights for large commercial vehicles.
  • April 2025 : Solera launched the "Solera Fleet Platform," a unified solution integrating vehicle claims, repairs, and fleet management data into a single AI-driven ecosystem.
  • September 2024 : Azuga introduced its next-generation Bluetooth Low Energy (BLE) Asset Tracking solution, enabling fleets to monitor tools and smaller equipment alongside their vehicles to prevent theft.
  • COLUMN 'A' SHOULD BE IN TEXT FORMAT AND NOT DATE FORMAT :
  • Apr-25 : Azuga launched upgraded AI dashcams and enhanced safety features for real-time driver monitoring. The update improves incident detection, risk scoring, and fleet safety visibility, supporting US operators seeking stronger proactive safety management.
  • 2025 : Zonar Systems introduced its new Zonar Ignition operations platform after merging with GPS Trackit. The platform integrates workflows, diagnostics, and asset monitoring, improving operational visibility for fleet operators across logistics, construction,
  • 2025 : Verra Mobility advanced its mobility and compliance solutions, expanding digital fleet services supporting EV charging, tolling automation, and safety programs. The company strengthened its role in simplifying on-road transactions and regulatory processes
  • Mar-25 : Zebra Technologies completed its acquisition of Photoneo, enhancing its machine vision and automation capabilities. This strengthens Zebra’s role in connected fleet ecosystems through improved imaging, sensing, and real-time operational intelligence.
  • 2025 : Tenna LLC secured its position in the 2025 Inc. 5000 rankings, reflecting strong adoption of its construction fleet asset management platform. The company continues expanding capabilities for equipment tracking, utilization, and operational efficiency.
  • Feb-25 : Trimble finalized the sale of its transportation telematics division to Platform Science and became a strategic investor in the combined business. The move sharpens Trimble’s portfolio focus while expanding platform integration opportunities.
  • 2025 : Samsara continued scaling AI-driven safety, automation, and asset intelligence features, strengthening its connected operations platform. Upgrades focused on predictive insights, equipment visibility, and improved compliance workflows for diverse US fleet
  • Dec-24 : Zebra Technologies announced its intent to acquire Photoneo, expanding toward advanced machine vision solutions. This move set the foundation for stronger automation and sensing capabilities addressing complex fleet and logistics environments.
  • Oct-24 : Azuga introduced new equipment tracking capabilities designed for construction and field service fleets. The enhancements improve asset visibility, reduce loss, and support efficient equipment allocation on active job sites.
  • Oct-24 : Teletrac Navman received industry recognition for innovation in fleet safety and telematics. The company’s solutions demonstrated improved visibility, compliance automation, and safety outcomes for US fleet operators.
  • Jun-24 : Verra Mobility partnered with EV charging providers to simplify charging access and payments for US fleet operators. The collaboration strengthens EV readiness and supports fleets transitioning toward electrification.
  • Dec-24 : Motive rolled out enhanced fraud-prevention controls for the Motive Card, reducing fuel theft and unauthorized spending. The feature strengthens cost control and operational oversight for fleet finance managers.
  • Nov-24 : Motive showcased new AI-powered safety and productivity enhancements at its Vision conference, reinforcing its focus on predictive risk mitigation and connected fleet intelligence.
  • Nov-24 : Wheels joined the United Nations Global Compact, strengthening its ESG commitments and aligning its mobility programs with global sustainability and governance principles.
  • Nov-24 : Samsara announced major product and ecosystem updates centered on connected safety, compliance automation, and asset intelligence, expanding its influence across the US fleet operations market.
  • Dec-24 : Zonar Systems announced its merger with GPS Trackit, combining capabilities to deliver more integrated telematics, workflow automation, and asset monitoring solutions across varied fleet categories.
  • 2024–2025 : Solera expanded its claims, repair, and telematics platforms with new automation capabilities. The enhancements strengthen Solera’s end-to-end fleet lifecycle management solutions for operators seeking efficiency and digitalization.
  • Sep-24 : Trimble announced the planned sale of its transportation telematics business to Platform Science, enabling greater focus on core technologies and accelerating open-platform collaboration opportunities.
  • Mar-24 : Holman expanded its fleet and automotive service network by acquiring Leith Automotive. The move strengthens Holman’s vehicle lifecycle and service capabilities for large enterprise fleets.
  • Mar-24 : Verizon Connect enhanced its Reveal EV platform with an EV Suitability Tool and new integrations, supporting faster electrification decisions and improved EV management for US commercial fleets.
  • Jun-24 : Samsara expanded its smart trailer ecosystem through new sensor and data integrations with Continental, strengthening equipment visibility and maintenance intelligence for logistics fleets.
  • 2024 : Verra Mobility expanded its digital tolling, compliance, and mobility solutions, enhancing automation for rental, commercial, and service fleets across the US.
  • 2024 : Tenna LLC earned placement in the 2024 Inc. 5000 list, demonstrating strong market growth and increasing adoption of its construction equipment telematics solutions.

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
Captures industry movement, adoption patterns, and strategic signals across key end-use segments and regions.
 
 
 
 
 
4.1
MARKET DYNAMICS
 
 
 
 
 
4.1.1
DRIVERS
 
 
 
 
4.1.2
RESTRAINTS
 
 
 
 
4.1.3
OPPORTUNITIES
 
 
 
 
4.1.4
CHALLENGES
 
 
 
4.2
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
4.3
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
Explains the evolving landscape through demand-side drivers, supply-side constraints, and opportunity hotspots.
 
 
 
 
 
5.1
PORTER’S FIVE FORCES ANALYSIS
 
 
 
 
 
5.1.1
THREAT OF NEW ENTRANTS
 
 
 
 
5.1.2
THREAT OF SUBSTITUTES
 
 
 
 
5.1.3
BARGAINING POWER OF SUPPLIERS
 
 
 
 
5.1.4
BARGAINING POWER OF BUYERS
 
 
 
 
5.1.5
INTENSITY OF COMPETITIVE RIVALRY
 
 
 
5.2
MACROECONOMICS INDICATORS
 
 
 
 
 
5.2.1
INTRODUCTION
 
 
 
 
5.2.2
GDP TRENDS AND FORECAST
 
 
 
 
5.2.3
TRENDS IN US FLEET MANAGEMENT INDUSTRY
 
 
 
5.3
SUPPLY CHAIN ANALYSIS
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.5
PRICING ANALYSIS
 
 
 
 
 
 
5.5.1
AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOLUTION
 
 
 
 
5.5.2
AVERAGE SELLING PRICE TREND, BY SUBSCRIPTION-BASED FLEET MANAGEMENT SOFTWARE
 
 
 
5.6
TRADE ANALYSIS
 
 
 
 
 
 
5.6.1
IMPORT SCENARIO (HS CODE 8526)
 
 
 
 
5.6.2
EXPORT SCENARIO (HS CODE 8526)
 
 
 
5.7
KEY CONFERENCES AND EVENTS, 2025–2026
 
 
 
 
5.8
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.9
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.10
CASE STUDY ANALYSIS
 
 
 
 
5.11
IMPACT OF 2025 US TARIFF ON US FLEET MANAGEMENT MARKET
 
 
 
 
 
 
5.11.1
KEY TARIFF RATES
 
 
 
 
5.11.2
PRICE IMPACT ANALYSIS
 
 
 
 
5.11.3
IMPACT ON END-USE INDUSTRIES
 
 
6
STRATEGIC DISRUPTIONS THROUGH TECHNOLOGY, PATENTS, DIGITAL, AND AI ADOPTION
 
 
 
 
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
IMPACT OF AI/GEN AI ON FLEET MANAGEMENT MARKET
 
 
 
 
 
 
6.5.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
6.5.2
CASE STUDIES OF AI IMPLEMENTATION IN US FLEET MANAGEMENT MARKET
 
 
 
 
6.5.3
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
6.5.4
CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN US FLEET MANAGEMENT
 
 
7
REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
 
7.2
SUSTAINABILITY INITIATIVES
 
 
 
 
7.3
IMPACT OF REGULATORY POLICIES ON SUSTAINABILITY INITIATIVES
 
 
 
8
CUSTOMER LANDSCAPE AND BUYER BEHAVIOR
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
 
 
 
 
8.3
ADOPTION BARRIERS AND INTERNAL CHALLENGES
 
 
 
 
8.4
UNMET NEEDS IN VARIOUS END-USE INDUSTRIES
 
 
 
9
US FLEET MANAGEMENT MARKET, BY COMPONENT (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
COMPONENT-WISE DEMAND POTENTIAL AND GROWTH PATHWAYS SHAPING FLEET MANAGEMENT ADOPTION ACROSS DIVERSE INDUSTRIES
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
9.2
SOLUTIONS
 
 
 
 
 
9.2.1
OPERATIONS MANAGEMENT
 
 
 
 
 
9.2.1.1
FLEET TRACKING AND GEOFENCING
 
 
 
 
9.2.1.2
ROUTING AND SCHEDULING
 
 
 
9.2.2
VEHICLE MAINTENANCE & DIAGNOSTICS
 
 
 
 
9.2.3
PERFORMANCE MANAGEMENT
 
 
 
 
 
9.2.3.1
DRIVER MANAGEMENT
 
 
 
 
9.2.3.2
FUEL MANAGEMENT
 
 
 
9.2.4
FLEET ANALYTICS AND REPORTING
 
 
 
 
9.2.5
COMPLIANCE MANAGEMENT
 
 
 
 
9.2.6
OTHER SOLUTIONS
 
 
 
9.3
SERVICES
 
 
 
 
 
9.3.1
PROFESSIONAL SERVICES
 
 
 
 
 
9.3.1.1
IMPLEMENTATION & INTEGRATION
 
 
 
 
9.3.1.2
TRAINING & CONSULTING
 
 
 
 
9.3.1.3
SUPPORT & MAINTENANCE
 
 
 
9.3.2
MANAGED SERVICES
 
 
10
US FLEET MANAGEMENT MARKET, BY FLEET TYPE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
FLEET TYPE-WISE DEMAND POTENTIAL AND GROWTH PATHWAYS SHAPING FLEET MANAGEMENT ADOPTION ACROSS DIVERSE INDUSTRIES
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.2
PASSENGER CABS
 
 
 
 
10.3
COMMERCIAL VEHICLES
 
 
 
 
 
10.3.1
LIGHT COMMERCIAL VEHICLES (LCV)
 
 
 
 
10.3.2
MEDIUM & HEAVY COMMERCIAL VEHICLES (M&HCV)
 
 
 
10.4
OFF-HIGHWAY & INDUSTRIAL VEHICLES
 
 
 
 
10.5
LAW ENFORCEMENT & EMERGENCY SERVICES
 
 
 
 
10.6
PUBLIC TRANSPORT
 
 
 
 
10.7
OTHERS (AGRICULTURAL VEHICLES, ETC.)
 
 
 
11
US FLEET MANAGEMENT MARKET, BY POWERTRAIN (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
POWERTRAIN-WISE DEMAND POTENTIAL AND GROWTH PATHWAYS SHAPING FLEET MANAGEMENT ADOPTION ACROSS DIVERSE INDUSTRIES
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
INTERNAL COMBUSTION ENGINE (ICE)
 
 
 
 
11.3
ELECTRIC VEHICLE (EV)
 
 
 
 
11.4
HYBRID
 
 
 
12
US FLEET MANAGEMENT MARKET, BY VERTICAL (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
VERTICAL-WISE DEMAND POTENTIAL AND GROWTH PATHWAYS SHAPING FLEET MANAGEMENT ADOPTION ACROSS DIVERSE INDUSTRIES
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
COMMERCIAL LOGISTICS
 
 
 
 
12.3
PUBLIC TRANSPORT
 
 
 
 
12.4
CONSTRUCTION & MINING
 
 
 
 
12.5
LAW ENFORCEMENT & EMERGENCY SERVICES
 
 
 
 
12.6
OTHERS (ENERGY & UTILITIES, AGRICULTURE, PHARMACEUTICALS, ETC.)
 
 
 
13
COMPETITIVE LANDSCAPE
 
 
 
 
 
13.1
OVERVIEW
 
 
 
 
13.2
KEY PLAYER STRATEGIES/RIGHT TO WIN
 
 
 
 
13.3
REVENUE ANALYSIS, 2020–2024
 
 
 
 
 
13.4
MARKET SHARE ANALYSIS,
 
 
 
 
 
13.5
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
13.6
BRAND COMPARISON
 
 
 
 
 
13.7
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
13.7.1
STARS
 
 
 
 
13.7.2
EMERGING LEADERS
 
 
 
 
13.7.3
PERVASIVE PLAYERS
 
 
 
 
13.7.4
PARTICIPANTS
 
 
 
 
13.7.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
 
13.7.5.1
COMPANY FOOTPRINT
 
 
 
 
13.7.5.2
COMPONENT FOOTPRINT
 
 
 
 
13.7.5.3
FLEET TYPE FOOTPRINT
 
 
 
 
13.7.5.4
POWERTRAIN FOOTPRINT
 
 
 
 
13.7.5.5
VERTICAL FOOTPRINT
 
 
13.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
 
 
 
 
 
 
13.8.1
PROGRESSIVE COMPANIES
 
 
 
 
13.8.2
RESPONSIVE COMPANIES
 
 
 
 
13.8.3
DYNAMIC COMPANIES
 
 
 
 
13.8.4
STARTING BLOCKS
 
 
 
 
13.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
 
 
 
 
 
13.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
13.8.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
13.9
COMPETITIVE SCENARIO
 
 
 
 
 
13.9.1
PRODUCT LAUNCHES
 
 
 
 
13.9.2
DEALS
 
 
 
 
13.9.3
EXPANSIONS
 
 
14
COMPANY PROFILES
 
 
 
 
 
14.1
KEY PLAYERS
 
 
 
 
 
14.1.1
VERIZON CONNECT
 
 
 
 
14.1.2
TRIMBLE
 
 
 
 
14.1.3
GEOTAB
 
 
 
 
14.1.4
WHEELS
 
 
 
 
14.1.5
SAMSARA
 
 
 
 
14.1.6
SOLERA
 
 
 
 
14.1.7
TELTRAC NAVMAN
 
 
 
 
14.1.8
HOLMAN
 
 
 
 
14.1.9
ORBCOMM
 
 
 
 
14.1.10
VERRA MOBILITY
 
 
 
 
14.1.11
ZEBRA TECHNOLOGIES
 
 
 
 
14.1.12
MOTIVE
 
 
 
 
14.1.13
ZONAR SYSTEMS
 
 
 
 
14.1.14
AZUGA INC.
 
 
 
 
14.1.15
TENNA LLC
 
 
15
RESEARCH METHODOLOGY
 
 
 
 
 
15.1
RESEARCH DATA
 
 
 
 
 
15.1.1
SECONDARY DATA
 
 
 
 
 
15.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
15.1.2
PRIMARY DATA
 
 
 
 
 
15.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
15.1.2.2
KEY PRIMARY PARTICIPANTS
 
 
 
 
15.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
 
 
15.1.2.4
KEY INDUSTRY INSIGHTS
 
 
15.2
MARKET SIZE ESTIMATION
 
 
 
 
 
15.2.1
BOTTOM-UP APPROACH
 
 
 
 
15.2.2
TOP-DOWN APPROACH
 
 
 
15.3
MARKET FORECAST APPROACH
 
 
 
 
 
15.3.1
SUPPLY SIDE
 
 
 
 
15.3.2
DEMAND SIDE
 
 
 
15.4
DATA TRIANGULATION
 
 
 
 
15.5
RESEARCH ASSUMPTIONS
 
 
 
 
15.6
RESEARCH LIMITATIONS AND RISK ASSESSMENT
 
 
 
16
APPENDIX
 
 
 
 
 
16.1
DISCUSSION GUIDE
 
 
 
 
16.2
KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
 
 
 
 
16.3
CUSTOMIZATION OPTIONS
 
 
 
 
16.4
RELATED REPORTS
 
 
 
 
16.5
AUTHOR DETAILS
 
 
 

Methodology

This research study relied on extensive secondary sources, including directories and databases such as Dun & Bradstreet (D&B), Hoovers, and Bloomberg BusinessWeek, to identify and collect information useful for a technical, market-oriented, and commercial study of the fleet management market. The primary sources were mainly industry experts from core and related industries, as well as preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and organizations across all segments of the value chain of this market. In-depth interviews were conducted with primary respondents, including key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information.

Secondary Research

The market for companies offering fleet management solutions and services across different verticals has been estimated and projected using secondary data from paid and unpaid sources, along with analysis of their product portfolios within the fleet management ecosystem. The process also involved rating company products based on performance and quality. In the secondary research process, various sources such as the International Journal of Advanced Research (IJAR), EA Journals, and the International Journal of Technology, Innovation, and Management (IJTIM) were referred to for identifying and collecting information for this study of the fleet management market. The secondary sources included annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, articles by recognized authors, directories, and databases. Secondary research was mainly used to obtain critical information about the market's supply chain, the total pool of key players, market classification, segmentation according to industry trends down to the bottommost level, regional markets, and key developments from both market- and technology-oriented perspectives, which primary sources have further validated.

Primary Research

In the primary research process, interviews were conducted with various primary sources from both the supply and demand sides to gather qualitative and quantitative information on the market. The supply-side sources included industry experts such as Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; critical executives from fleet management solution vendors, SIs, professional service providers, and industry associations; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, revenue data from solutions and services, market breakdowns, market size estimates, market forecasts, and triangulated data. Primary research also helped understand trends related to technologies, applications, deployments, and regions. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Strategy Officers (CSOs), and end users of fleet management solutions, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current usage of fleet management solutions, which would impact the overall fleet management market.

Market Size Estimation

Multiple approaches were used to estimate and forecast the size of the fleet management market. The first approach estimates market size by summing the revenue generated by companies from the sale of fleet management offerings.

The top-down and bottom-up approaches were used to estimate and validate the total size of the fleet management market. These methods were also used to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research
  • Regarding value, the industry’s supply chain and market size have been determined through primary and secondary research processes
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources

Data Triangulation

After determining the overall market size, the fleet management market was segmented into several categories and subcategories. A data triangulation procedure was used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, wherever applicable. The data was triangulated by analyzing various factors and trends from the demand and supply sides. Along with data triangulation and market breakdown, the market size was validated using the top-down and bottom-up approaches.

Market Definition

Fleet management encompasses the activities necessary to maintain a fleet's optimal efficiency, punctuality, and financial adherence. It is the systematic approach fleet managers use to oversee fleet operations, involving continuous monitoring of activities and strategic decision-making in areas such as asset management, dispatch, and routing, as well as the acquisition and disposal of vehicles.

Key Stakeholders

  • Fleet Managers
  • IT Departments
  • Drivers
  • Digital Map Providers
  • Automotive Suppliers
  • Government Agencies
  • Investment Firms
  • Fleet Management Alliances/Groups

Report Objectives

  • To determine, segment, and forecast the fleet management market by component, fleet type, powertrain, vertical, and region in terms of value
  • To forecast the size of the market segments in 5 main regions: North America, Europe, Asia Pacific, Middle East Africa, and Latin America
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To study the complete value chain and related industry segments and perform a value chain analysis of the market landscape
  • To strategically analyze the macro and micromarkets concerning individual growth trends, prospects, and contributions to the total market
  • To analyze the industry trends, pricing data, patents, and innovations related to the market
  • To analyze the opportunities for stakeholders by identifying the high-growth segments of the market
  • To profile the key players in the market and comprehensively analyze their market share/ranking and core competencies
  • To track and analyze competitive developments, such as mergers & acquisitions, product launches & developments, partnerships, agreements, collaborations, business expansions, and R&D activities

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Growth opportunities and latent adjacency in United States Fleet Management Market

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