Fleet Management Market Size, Share 2024 Growing Rapidly at a CAGR of 14.75% with Industry Trends, Application Outlook, Revenue, and Opportunities

The Fleet Management market report highlights the strategic actions of key players in the industry, including new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. The research methodology used by the EMR team involves data triangulation, which includes data mining, analysis of how data variables impact the market, and validation from industry experts. This approach not only saves valuable time but also enhances the credibility of business efforts. The Fleet Management market report offers precise answers to many critical business challenges, making it an essential tool for informed decision-making and business growth.

Global Fleet Management Market size was USD 23.96 billion in 2023 and the market is projected to touch USD 72.04 billion by 2032, at a CAGR of 14.75% during the forecast period.

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Market Definition

Fleet Managements involve monitoring the vehicle fleet, their performance, and ensuring their proper use. Consequently, technology related to fleet management solutions may include GPS tracking and telematics with the integration of software programs that provide real time information on location, fuel utilization, and maintenance requirements. They enable businesses to save money, increase productivity, and improve safety.

Top players list covered in the Fleet Management market report are:

· Samsara

· Geotab

· Verizon Connect

· Teletrac Navman

· Trimble

· Donlen Corporation

· ARI Fleet Management

· Wheels, Inc

· Omnitracs

· Arval-Element

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By Mode of Transport

· Passenger Cars

· Light Commercial Vehicle

· Heavy Commercial Vehicle

By Offering

· Solutions

· Services

By Vehicle Type

· Internal Combustion Engine

· Electric Vehicle

By Fleet Size

· Small Fleets (Less than 100 Vehicles)

· Medium Fleets (100-500 Vehicles)

· Large and Enterprise Fleets (500+ Vehicles)

By Technology

· GNSS

· Cellular Systems

· Electronic Data Interchange (EDI)

· Remote Sensing

· Computational Method & Decision Making

· RFID

· Others

By Business Type

· Large Business

· Small Business

By Geography

· North America (USA, and Canada)

· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico, and Rest of Latin America)

· Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Recent Developments:

March 2024, HERE Technologies, a top location data and technology platform, and Netstar, Australia's premier provider of telematics solutions, have announced the expansion of their strategic partnership. This collaboration aims to enhance asset management and navigation capabilities for commercial and heavy vehicles, empowering businesses both in Australia and beyond.

June 2024, Fleetio, a leading provider of fleet maintenance management solutions, is excited to share its significant achievements that have driven robust market growth and customer success in the first half of 2024.

What Reports Provides:

• Full in-depth analysis of the parent Fleet Management market

• Segmentation details of the market

• Assessment of niche industry developments

• Important changes in Fleet Management Industry dynamics

• Market share analysis

• Key strategies of major players In

• Emerging segments and regional markets

• Testimonials to companies in order to fortify their foothold in the Fleet Management market.

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