Fleet Management Market to Exhibit a Remarkable CAGR of 10.4% by 2030, Size, Share, Rising Trends, Market Demand and Opportunity Analysis

NEW YORK, May 10, 2023 (GLOBE NEWSWIRE) -- The newest report from Data Bridge Market Research, "Fleet Management Market" examines growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive environment in detail. Because market reports lend a hand with improved decision-making and more revenue generation, today’s businesses choose market research report solution such as Fleet Management market reports. The report also aids in prioritizing market goals and attaining profitable business. This market analysis report is also all-embracing of the data which covers market definition, classifications, applications, engagements, market drivers, and market restraints that are based on the SWOT analysis. Analysis and estimations attained through the massive information gathered in the dependable Fleet Management marketing document are extremely necessary when it comes to dominating the market or creating a mark in the market as a new emergent.

By accomplishing inspiration from the marketing strategies of rivals, businesses can set up inventive ideas and strike sales targets, which in turn make them achieve a competitive advantage over their competitors. The finest Fleet Management market report consists of the most recent market information with which companies can attain an in-depth analysis of the Fleet Management industry and future trends. With the global market data provided in the report, it has become easy to gain a global perspective for international business. Thus, the reliable Fleet Management market research report is an indispensable model to have increments in business activities, qualitative work done, and enhanced profits.

Data Bridge Market Research analyses that the global fleet management market is expected to reach the value of USD 66,769,178.99 thousand by 2030, at a CAGR of 10.4% during the forecast period. The fleet management market report also covers pricing analysis, patent analysis, and technological advancements in depth.    

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Fleet management is the processes and practices involved in managing a company's fleet of vehicles. Fleet management includes cars, trucks, vans, and other vehicles used for business purposes. It also involves many practices, such as vehicle acquisition, maintenance, fuel management, driver management, and safety and compliance. The goal of fleet management is to optimize the use of company vehicles to improve efficiency, reduce costs, and enhance safety. Effective fleet management can help companies to increase productivity, reduce downtime, and extend the useful life of their vehicles. It can also help to improve driver behavior, reduce accidents, and ensure compliance with regulations and policies. Fleet management is used in various industries, including transportation, logistics, delivery services, and construction. Advanced technologies, such as GPS tracking and telematics, have made fleet management more effective and efficient in recent years.

Major factors expected to boost the growth of the fleet management market in the forecast period are the rise in several industrial applications, including aerospace, steel, power, chemical, and others. Furthermore, the increased resistance to load variations is the benefit of fleet management, which is further anticipated to propel the growth of the fleet management market.

The Latest Study Conducts a Comprehensive Analysis of the Global Market, considering the current competitive landscape and its future evolution in the next few years.

The global Fleet Management market is experiencing rapid growth, fueled by rising demands, industrialization, consumer awareness, and technological advancements. Sales and revenue in this sector have surged at an exponential pace, and the market's expansion is expected to continue over the projected period.

In order to expand their market share and reach a wider client base, leading businesses in the worldwide Fleet Management market are heavily investing in research and development. The study provides detailed insights into the strategies, financial health, revenue, gross margin, and growth rates of these companies.

The report includes six parts, dealing with:

1. Basic information
2. The Asia Fleet Management Market
3. The North American Fleet Management Market
4. The European Fleet Management Market
5. MEA Fleet Management Market Entry and investment feasibility
6. The report conclusion

All the research report is made by using two techniques that are Primary and secondary research. There are various dynamic features of the business, like client need and feedback from the customers. Before (company name) curate any report, it has studied in-depth from all dynamic aspects such as industrial structure, application, classification, and definition.

The most prominent players in the Fleet Management market include.

• TRAXALL

• Donlen LeasePlan

• Enterprise Holdings

• Emkay

• Chevin Fleet Solutions

• Deutsche Leasing AG

• BERGSTROM AUTOMOTIVE

• TÜV SÜD

• Motive Technologies, Inc.

• ALD Automotive

• VEL’CO

• Avrios

• Element Fleet Management Corp.

• Rarestep, Inc.

• OviDrive B.V.

• FleetCompany GmbH

• Sixt Leasing (Acquired by Hyundai Capital Bank Europe GmbH)

• Fleetcare Pty Ltd.

• Capital Lease Group

• Wilmar Inc.

• Wheels

• NEXTRAQ, LLC

• Avis Budget Group

• Zeemac Vehicle Acquisition & Fleet Services

Recent Development

• In October 2022, Chevin Fleet Solutions announced that the Company had launched new applications, ‘FleetWave Technician’ and ‘FleetWave Driver’, for its fleet management software products.

• In February 2022, Element Fleet Management Corp. announced that the Company launched the Arc by Element, an end-to-end electric vehicle (EV) fleet offering to help clients navigate and simplify the complex transition from internal combustion engine (ICE) vehicles to EVs.

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Opportunities

• Rise in the Demand for Utility Vehicles

Utility vehicles are vehicles designed and used for carrying goods or passengers. These vehicles include trucks, vans, buses, and similar vehicles used for commercial purposes. The utility vehicle market is a crucial component of the global automobile industry and has witnessed significant growth over the past decades. The rise in demand for utility vehicles can be attributed to several factors, including the growth of the e-commerce industry, increasing urbanization, and the need for efficient transportation systems. As more and more businesses rely on utility vehicles for their transportation needs, the demand for fleet management services and software is also expected to increase. One of the reasons for the rise in demand for utility vehicles is the growth of the e-commerce industry. The demand for transportation services has increased with the increasing number of online shopping platforms. As a result, the use of utility vehicles has become more common, and fleet management has become more critical.

Key Market Segments Covered in Fleet Management Industry Research

Offering

• Solution

• Services

Lease Type

• On-Lease

• Without Lease

Mode of Transport

• Automotive

• Marine

• Rolling Stock

• Aircraft

Vehicle Type

• Internal Combustion Engines (ICE)

• Electric Vehicle

Hardware

• GPS Tracking Devices

• Dash Cameras

• Bluetooth Tracking Tags (BLE Beacons)

• Data Loggers

Fleet Size

• Small Fleets (1-5 Vehicles)

• Medium Fleets (5-20 Vehicles)

• Large and Enterprise Fleets (20-50+ Vehicles)

Communication Range

• Short-Range Communication

• Long-Range Communication

Deployment Model

• On-Premise

• Cloud

• Hybrid

Technology

• GNSS

• Cellular Systems

• Electronic Data Interchange (EDI)

• Remote Sensing

• Computational Methods

• Decision-Making

• RFID

Function

• Monitoring Driver Behaviour

• Fuel Consumption

• Asset Management

• ELD Complaint

• Route Management

• Vehicle Maintenance Updates

• Delivery Schedule

• Accident Prevention

• Real-Time Vehicle Location

• Mobile Apps

Operations

• Private

• Commercial

Business Type

• Small Businesses

• Large Businesses

End User

• Automotive

• Transportation & Logistics

• Retail

• Manufacturing

• Food & Beverages

• Energy & Utilities

• Mining

• Government

• Healthcare

• Agriculture

• Construction

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Key Industry Drivers:

• Increase in Demand for the Logistics Due to the E-Commerce Industry

Fleet management is a practice that allows organizations to manage and coordinate delivery vehicles to achieve optimum efficiency and reduce costs. The practice of fleet management is used to monitor and record couriers and delivery personnel. It requires a system of technologies that make it easier for the fleet manager to coordinate the activities from fuel management to planning the routes- and can be easily managed using fleet management software. The expansion of the e-commerce industry has significantly impacted the logistics industry. Logistics has been considered the backbone of the e-commerce industry as it immediately affects planned operations, stockrooms, and production network organizations. They will progressively depend on re-evaluating to deal with the rising requests related to internet business portion development. Embracing this course either for the last-mile conveyance or for request satisfaction will empower them to guarantee predictable, dependable, productive, and misfire-free conveyance. Thus, this can be a great factor in managing and expanding the pressure due to the expected growth of the e-commerce business industry.

• Rise in Demand for Improvement of Customer Services

Customers nowadays are smarter and have higher expectations than ever before. Customer satisfaction and happiness are among the most important considerations for any company. Regardless of the business sector, unhappy customers won't be customers for long, so it's important to keep them happy and feel valued. This is true for logistics and fleet management as well, where the retention of customers is key to long-term success. Improving customer services and satisfaction through improved fleet management performance is a key factor expected to boost the global fleet management market. In today's competitive market, businesses recognize the importance of customer satisfaction and use advanced technologies in fleet management solutions to optimize their operations and improve customer experiences

Fleet Management Market Regional Analysis/Insights:

The countries covered in the fleet management market report are U.S., Canada, and Mexico in North America, Germany, U.K., France, Italy, Russia, Spain, Turkey, Netherlands, Switzerland, Belgium, and the Rest of Europe, China, India, Japan, South Korea, Taiwan, Hong Kong, Australia & New Zealand, Indonesia, Philippines, Singapore, Malaysia, Thailand and the Rest of Asia-Pacific in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., Israel, Egypt, South Africa and the Rest of the Middle East and Africa as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the fleet management market owing to the growing adoption of fleet management drive control systems in the aerospace and marine industry. The U.S. is a dominating country as it is home to many giant market players in the fleet management market. Germany dominates in the Europe region due to increasing research and development activities in hydraulic control systems, along with technological advancements. China dominates in the Asia-Pacific region due to the rising adoption of automation in manufacturing and industrial robotics.

Critical Insights Related to the Fleet Management Included in the Report:

• Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market

• Value chain analysis of prominent players in the market

• Current trends influencing the dynamics of this market across various geographies

• Recent mergers, acquisitions, collaborations, and partnerships

• Revenue growth of this industry over the forecast period

• Marketing strategy study and growth trends

• Growth driven factor analysis

• Emerging recess segments and region-wise market

• An empirical evaluation of the curve of this market

• Ancient, Present, and Probable scope of the market from both prospect value and volume

Table of Contents:

1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Global Fleet Management Market: Regulations
6. Market Overview
7. Global Fleet Management Market, By Offering
8. Global Fleet Management Market, By Lease Type
9. Global Fleet Management Market, By Mode of Transport
10. Global Fleet Management Market, By Vehicle Type
11. Global Fleet Management Market, By Hardware
12. Global Fleet Management Market, By Fleet Size
13. Global Fleet Management Market, By Communication Range
14. Global Fleet Management Market, By Deployment Model
15. Global Fleet Management Market, By Technology
16. Global Fleet Management Market, By Function
17. Global Fleet Management Market, By Operations
18. Global Fleet Management Market, By End User
19. Global Fleet Management Market, By Region
20. Global Fleet Management Market: Company Landscape
21. SWOT Analyses
22. Company Profile
23. Questionnaires
24. Related Reports

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• Smart Fleet Management Market, By Mode of Transport (Automotive, Rolling Stock, Marine), Hardware (Tracking, Optimization, Advanced Driver Assistance Systems (ADAS), Remote Diagnostics), Connectivity (Short Range Communication, Long Range Communication, Cloud), Solutions (Vehicle Tracking, Fleet Optimization) https://www.databridgemarketresearch.com/reports/global-smart-fleet-management-market

• U.S. Fleet Management Market, By Components (Solutions, Services), Lease Type (On-Lease, Without Lease), Mode of Transport (Automotive, Marine, Rolling Stock), Hardware (Tracking, Optimization, ADAS, Diagnostics, and Others), Fleet Size (Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), Large & Enterprise Fleets (20-50+ Vehicles)), Communication Range (Short Range Communication, Long Range Communication), Deployment (On-Premise, Cloud, Hybrid), Communication Type (GNSS, Cellular System, Others), Functions (Asset Management, Route Management, Fuel Consumption, Real-Time Vehicle Location, Delivery Schedule, Accident Prevention, Mobile Apps, Monitor Driver Behaviour, Vehicle Maintenance Updates, ELD Compliance, and Others), Operations (Commercial, Private), End User (Automotive, Transportation, Retail, Manufacturing, Construction, Healthcare, Government, Energy & Utilities, and Others), Country (U.S.) https://www.databridgemarketresearch.com/reports/us-fleet-management-market

• Canada Fleet Management Market, By Components (Solutions, Services), Lease Type (On-Lease, Without Lease), Mode of Transport (Automotive, Marine, Rolling Stock), Hardware (Tracking, Optimization, ADAS, Diagnostics, and Others), Fleet Size (Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), Large & Enterprise Fleets (20-50+ Vehicles)), Communication Range (Short Range Communication, Long Range Communication), Deployment (On-Premise, Cloud, Hybrid), Communication Type (GNSS, Cellular System, Others), Functions (Asset Management, Route Management, Fuel Consumption, Real-Time Vehicle Location, Delivery Schedule, Accident Prevention, Mobile Apps, Monitor Driver Behaviour, Vehicle Maintenance Updates, ELD Compliance, and Others), Operations (Commercial, Private), End User (Automotive, Transportation, Retail, Manufacturing, Construction, Healthcare, Government, Energy & Utilities, and Others), Country (Canada) https://www.databridgemarketresearch.com/reports/canada-fleet-management-market

• U.K. Fleet Management Market, By Components (Solutions, Services), Lease Type (On-Lease, Without Lease), Mode of Transport (Automotive, Marine, Rolling Stock), Hardware (Tracking, Optimization, ADAS, Diagnostics, and Others), Fleet Size (Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), Large & Enterprise Fleets (20-50+ Vehicles)), Communication Range (Short Range Communication, Long Range Communication), Deployment (On-Premise, Cloud, Hybrid), Communication Type (GNSS, Cellular System, Others), Functions (Asset Management, Route Management, Fuel Consumption, Real-Time Vehicle Location, Delivery Schedule, Accident Prevention, Mobile Apps, Monitor Driver Behaviour, Vehicle Maintenance Updates, ELD Compliance, and Others), Operations (Commercial, Private), End User (Automotive, Transportation, Retail, Manufacturing, Construction, Healthcare, Government, Energy & Utilities, and Others), Country (U.K.) https://www.databridgemarketresearch.com/reports/uk-fleet-management-market

• Europe Fleet Management Market, By Offering (Solution and Services), Lease Type (On-Lease and Without Lease), Mode of Transport (Automotive, Marine, Rolling Stock, and Aircraft), Vehicle Type (Internal Combustion Engines and Electric Vehicle), Hardware (GPS Tracking Devices, Dash Cameras, Bluetooth Tracking Tags ,Data Loggers, and Others), Fleet Size (Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), and Large and Enterprise Fleets (20-50+ Vehicles), Communication Range (Short-Range Communication and Long-Range Communication), Deployment Model (On-Premise, Cloud, and Hybrid), Technology (GNSS, Cellular Systems, Electronic Data Interchange (EDI), Remote Sensing, Computational Methods and Decision-Making, RFID, and Others), Function (Monitoring Driver Behaviour, Fuel Consumption, Asset Management, ELD Complaint, Route Management, Vehicle Maintenance Updates, Delivery Schedule, Accident Prevention, Real-Time Vehicle Location, Mobile Apps, and Others), Operations (Private and Commercial), Business Type (Small Businesses and Large Businesses), End User (Automotive, Transportation & Logistics, Retail, Manufacturing, Food & Beverages, Energy & Utilities, Mining, Government, Healthcare, Agriculture, Construction, and Others) https://www.databridgemarketresearch.com/reports/europe-fleet-management-market

• Asia-Pacific Fleet Management Market, By Offering (Solution and Services), Lease Type (On-Lease and Without Lease), Mode of Transport (Automotive, Marine, Rolling Stock, and Aircraft), Vehicle Type (Internal Combustion Engines and Electric Vehicle), Hardware (GPS Tracking Devices, Dash Cameras, Bluetooth Tracking Tags ,Data Loggers, and Others), Fleet Size (Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), and Large and Enterprise Fleets (20-50+ Vehicles), Communication Range (Short-Range Communication and Long-Range Communication), Deployment Model (On-Premise, Cloud, and Hybrid), Technology (GNSS, Cellular Systems, Electronic Data Interchange (EDI), Remote Sensing, Computational Methods and Decision-Making, RFID, and Others), Function (Monitoring Driver Behaviour, Fuel Consumption, Asset Management, ELD Complaint, Route Management, Vehicle Maintenance Updates, Delivery Schedule, Accident Prevention, Real-Time Vehicle Location, Mobile Apps, and Others), Operations (Private and Commercial), Business Type (Small Businesses and Large Businesses), End User (Automotive, Transportation & Logistics, Retail, Manufacturing, Food & Beverages, Energy & Utilities, Mining, Government, Healthcare, Agriculture, Construction, and Others) https://www.databridgemarketresearch.com/reports/asia-pacific-fleet-management-market

• Middle East and Africa Fleet Management Market, By Offering (Solution and Services), Lease Type (On-Lease and Without Lease), Mode of Transport (Automotive, Marine, Rolling Stock, and Aircraft), Vehicle Type (Internal Combustion Engines and Electric Vehicle), Hardware (GPS Tracking Devices, Dash Cameras, Bluetooth Tracking Tags ,Data Loggers, and Others), Fleet Size (Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), and Large and Enterprise Fleets (20-50+ Vehicles), Communication Range (Short-Range Communication and Long-Range Communication), Deployment Model (On-Premise, Cloud, and Hybrid), Technology (GNSS, Cellular Systems, Electronic Data Interchange (EDI), Remote Sensing, Computational Methods and Decision-Making, RFID, and Others), Function (Monitoring Driver Behaviour, Fuel Consumption, Asset Management, ELD Complaint, Route Management, Vehicle Maintenance Updates, Delivery Schedule, Accident Prevention, Real-Time Vehicle Location, Mobile Apps, and Others), Operations (Private and Commercial), Business Type (Small Businesses and Large Businesses), End User (Automotive, Transportation & Logistics, Retail, Manufacturing, Food & Beverages, Energy & Utilities, Mining, Government, Healthcare, Agriculture, Construction, and Others) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-fleet-management-market

• North America Fleet Management Market, By Offering (Solution and Services), Lease Type (On-Lease and Without Lease), Mode of Transport (Automotive, Marine, Rolling Stock, and Aircraft), Vehicle Type (Internal Combustion Engines and Electric Vehicle), Hardware (GPS Tracking Devices, Dash Cameras, Bluetooth Tracking Tags ,Data Loggers, and Others), Fleet Size (Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), and Large and Enterprise Fleets (20-50+ Vehicles), Communication Range (Short-Range Communication and Long-Range Communication), Deployment Model (On-Premise, Cloud, and Hybrid), Technology (GNSS, Cellular Systems, Electronic Data Interchange (EDI), Remote Sensing, Computational Methods and Decision-Making, RFID, and Others), Function (Monitoring Driver Behaviour, Fuel Consumption, Asset Management, ELD Complaint, Route Management, Vehicle Maintenance Updates, Delivery Schedule, Accident Prevention, Real-Time Vehicle Location, Mobile Apps, and Others), Operations (Private and Commercial), Business Type (Small Businesses and Large Businesses), End User (Automotive, Transportation & Logistics, Retail, Manufacturing, Food & Beverages, Energy & Utilities, Mining, Government, Healthcare, Agriculture, Construction, and Others) https://www.databridgemarketresearch.com/reports/north-america-fleet-management-market

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