Global Fleet Management Market Size
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Global Fleet Management Market Overview And Prospects – Includes Fleet Management Market Segments

Learn about the global fleet management market through The Business Research Company, which provides information on fleet management market size, fleet management market drivers and restraints, fleet management market players, the COVID-19 impact on the fleet management market, and more.

 

The global fleet management market size is expected to grow from $14.15 billion in 2021 to $16.27 billion in 2022 at a compound annual growth rate (CAGR) of 14.98%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global fleet management market is expected to reach $30.80 billion in 2026 at a CAGR of 17.31%.

 

The increasing demand for commercial vehicles is expected to drive the fleet management market during the forecast period.

 

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Global Fleet Management Market Size
Global Fleet Management Market Size

The fleet management market consists of sales of fleet management services and solutions by entities (organizations, sole traders, and partnerships) for managing commercial motor vehicles such as cars, trucks, vans, specialist vehicles, trailers, forklifts, ships, railcars and other private vehicles. Fleet management assists organizations to manage all information associated with their vehicles and other assets, dispatch and routing, and vehicle acquisition and disposal. These services oversee and organize all fleet performance and fleet maintenance to increase productivity and help in smooth business operation.

 

Global Fleet Management Market Segments Include:
By Component: Solutions, Services

By Vehicle Type: Heavy Commercial Vehicle, Light Commercial Vehicle, Aircraft, Railway, Watercraft

By Industry: Retail, Government, Transportation and Logistics, Automotive, Others

By Communication Technology: GNSS (Satellite), Cellular System

By Deployment Type: On-Premises, Cloud

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe was the largest region in the fleet management market in 2021.

 

The use of internet of things (IoT) in fleet management is a key trend gaining popularity in the market. IoT is a system of interrelated digital and mechanical machines, objects, and computing devices that have the potential to transfer data over a network without the use of human-to-human interaction. Companies are focusing on the application of IoT in fleet management to automate various processes and trip planning.

 

TBRC’s Fleet Management Market Report Covers:

Major Market Players: Automile Inc, Azuga Inc, ClearpathGPS Inc, Donlen Corporation, Geotab Inc, GPS Insights, KeepTruckin Inc, Masternaut Ltd, MiX Telematics International (Pty) Ltd, NexTraq, Omnitracs LLC, Samsara Networks Inc, Teletrac Navman US Ltd, TomTom International BV, Trimble Inc, Verizon Connect, Freeway Fleet Systems, US Fleet Tracking, Utilimarc Inc., MiTAC International Corporation, Fleetmatics group Plc, Fleetonomy, GURTAM, Fleetroot, Orbcomm Inc, Otto Marine Limited and Siemens AG

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

 

The Fleet Management Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides fleet management market overviews, analyzes and forecasts market size, share, fleet management market players, fleet management market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s fleet management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

Here Is A List Of Similar Reports From The Business Research Company:

Commercial Vehicle Global Market Report 2022

Light Commercial Vehicle Global Market Report 2022

Commercial Electric Vehicles Global Market Report 2022

 

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