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Fleet Management Market Size Worth USD 59.29 Billion in 2032 |Emergen Research
Fleet Management Market
In addition, increasing strategic initiatives taken by major companies is another key factor driving revenue growth of the market. For instance, on 28 February 2020, GoFleet, a pioneer in fleet management and vehicle tracking technology, announced a new collaboration with Samsara, a pioneer in industrial Internet of Things (IoT), which provides a wide range of solutions for fleet-related sectors.
The Fleet Management market research report is broadly bifurcated in terms of product type, application spectrum, end-user landscape, and competitive backdrop, which would help readers gain more impactful insights into the different aspects of the market. Under the competitive outlook, the report's authors have analyzed the financial standing of the leading companies operating across this industry. The gross profits, revenue shares, sales volume, manufacturing costs, and the individual growth rates of these companies have also been ascertained in this section. Our team has accurately predicted the future market scope of the new entrants and established competitors using several analytical tools, such as Porter's Five Forces Analysis, SWOT analysis, and investment assessment.
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Competitive Landscape
The report presents a holistic investigation of the Fleet Management business mechanism and growth-oriented approaches undertaken by the leading companies operating in this market. The report highlights the numerous strategic initiatives, such as new business deals and collaborations, mergers & acquisitions, joint ventures, product launches, and technological upgradation, implemented by the leading market contenders to set a firm foot in the market. Hence, this section is inclusive of the company profiles of the key players, total revenue accumulation, product sales, profit margins, product pricing, sales & distribution channels, and industry analysis.
Leading Players Profiled in the Report Include:
Verizon, Geotab Inc., Trimble Inc., Omnitracs, Samsara Inc., Teletrac Navman US Ltd., Element Fleet Management Corp, WEX Inc., ALD Automotive, Azuga, a Bridgestone Company, Masternaut Limited, TomTom International BV, Donlen, MiX Telematics, Fleet Complete, Teletrac Navman US Ltd., GPS Insight, Wheels, Quartix Ltd., and TRANSPOCO
Some Key Highlights From the Report
The solutions segment accounted for largest revenue share in the global fleet management market in 2022 attributed to rising demand for fleet management solutions since these provide various benefits to businesses. Implementing fleet management software allows to keep an eye on every vehicle in the fleet at all times. Real-time monitoring of vehicles helps companies to optimize routes and avoid unnecessary detours, reducing fuel consumption and Carbon Dioxide (CO2) emissions. In addition, effective fleet management also helps companies to make better use of their assets by analyzing vehicle utilization data and optimizing fleet utilization. Companies anticipate and plan for maintenance, reducing downtime and maintenance costs, by tracking vehicle maintenance records.
The on-premises segment is expected to register steadily fast revenue growth rate in the global fleet management market during the forecast period. This is due to rising need for fleet management in organizations, particularly those dealing with sensitive data or operating in highly regulated industries, prefer to have direct control over their data. On-premises solutions allow businesses to maintain strict control over their fleet data, enhancing security and ensuring compliance with data protection regulations.
The Asia Pacific market accounted for largest revenue share in the global fleet management market in 2022. This is due to increasing use of fleet management systems as these provide real-time visibility into the fleet, which improve safety by reducing accidents and speeding up response times in emergency. In addition, rising number of delivery vehicles, creating a need for better fleet management is another factor driving market revenue growth of this region. Moreover, increasing number of new companies and start-ups in the region is also expected to drive market revenue growth of this region during the forecast period.
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Emergen Research has segmented the global fleet management market on the basis of component, fleet type, deployment type, connectivity type, end-use, and region:
Business Model Outlook (Revenue, USD Billion; 2019-2032)
Solutions
Operational Management
Fleet Maintenance and Diagnostics
Performance Management
Compliance Management
Fleet Analytics and Reporting
Others
Services
Professional Services
Consulting & Advisory
Integration & Implementation
Support & Maintenance
Managed Services
Hardware
Global Positioning System (GPS) Tracking Devices
Dash Cameras
Bluetooth Tracking Tags
Data Loggers
Product Categories Outlook (Revenue, USD Billion; 2019-2032)
Apparel and Fashion
Electronics and Appliances
Health and Beauty
Home and Furniture
Automotive
Books and Media
Food and Grocery
Toys and Games
Sports and Outdoors
Jewelry and Accessories
Industrial and Machinery
Art and Collectibles
Fleet Type Outlook (Revenue, USD Billion; 2019-2032)
Heavy Commercial Vehicle (HCV)
Light Commercial Vehicle (LCV)
Aircraft
Railway
Watercraft
The global Fleet Management market is classified into the following regions:
North America (the U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (the U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
The Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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Key Points Covered in This Section:
Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
Report Highlights:
Besides offering a vivid depiction of the global Fleet Management business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
The report scrutinizes the salient factors influencing the growth of the market in the near future.
The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
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Read More Related Report
Fleet Management Market Size @ https://www.emergenresearch.com/industry-report/fleet-management-market/market-size
Fleet Management Market Share @ https://www.emergenresearch.com/industry-report/fleet-management-market/market-share
Fleet Management Market Trends @ https://www.emergenresearch.com/industry-report/fleet-management-market/market-trends
Fleet Management Regional Market Demand @ https://www.emergenresearch.com/industry-report/fleet-management-market/regional-market-demand
Fleet Management Market Analysis @ https://www.emergenresearch.com/industry-report/fleet-management-market/market-analysis
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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