Oct 23, 2020 (Market Insight Reports) -- The global fleet management market is forecast to reach USD 304.78 Billion by 2026, according to a new report by Reports and Data. Fleet management refers to the processes that fleet managers utilize to maintain and manage all fleet and solutions related to acquiring and leasing fleets, vehicle management, uptime & downtime management, routing & scheduling, safety & compliance management, aftermarket service, tracking & geofencing, and others, from acquisition through to disposal. The global fleet management market is growing predominantly as the demand for management of the fleet is flourishing in the bigger cities due to the extreme proliferation of private and commercial automotive vehicles in the road.
The research report further analyses the market trends and radical features affecting the growth of the market during the estimation timeframe. The report also provides a thorough analysis of the factors limiting the growth of the industry and the factors driving the growth. The report offers an overview of the business vertical, taking into consideration the influence of the currently unfolding COVID-19 pandemic on the overall industry. The report also studies threats and challenges the industry players will have to face due to the changes induced by the COVID-19 pandemic.
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The report on the global Fleet Management market offers a comprehensive analysis of the competitive landscape with a special focus on the production and manufacturing value, pricing, product portfolio, gross profit margin, market position, and financial standing. According to the research report, the companies actively engaged in the report include Donlen Corporation, Omnitracs, Teletrac Navman, Automotive Rentals Inc., Japan Railways Group, American Airlines, FedEx, GPS Insight, Omnitracs, and Verizon Connect.
For the purpose of this report, Reports and Data have segmented the global fleet management market on the basis of the type, verticals, fleet type, end-use industries, and region:
Type Outlook (revenue:USD Billion)(revenue:2016-2026)
Verticals Outlook (revenue:USD Billion)(revenue:2016-2026)
Maintenance & Repair
Regulatory & Compliance
Tracking & Analytics
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Fleet Type Outlook (revenue:USD Billion)(revenue:2016-2026)
End-Use Industries Outlook (revenue:USD Billion)(revenue:2016-2026)
Service & Maintenance
Education & Research
The regional landscape of the Fleet Management market has been divided into the key geographical regions such as North and South America, Europe, Asia-Pacific, and the Middle East and Africa. The report offers detailed insights into the market share, sales channels, revenue generation, estimated growth rate, production and consumption rate, market value, and the presence of the key companies in each region. The report also offers a country-wise analysis of the Fleet Management market.
Regional Analysis of the Fleet Management Market includes an in-depth assessment of the following key regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key findings from the report
Government bodies had a share of about 17.2% in 2018 in the market. The government bodies include licensing management, certifications, registrations, routing & scheduling the government transportation, defense monitoring, and numerous law & orders regarding the fleets. The segment is expected to grow with a CAGR of 14.6% during the forecast period.
Mobility solutions consists of the peer-to-peer ridesharing, ride-hailing, rental services providers, and other passenger carrier and traveling solutions providers. The mobility solutions had a market revenue of USD 27.37 Billion in the year 2018 and will be growing at the highest CAGR of 17.1% throughout the forecast period.
Logistics solutions are one of the highest contributors in this market, with 27.0% of market share in 2018 and 14.7% of the growth rate in the forecast period. FedEx, DHL, Japan Railways Group are some of the key players of this segment.
The solution providers for this market is likely to reach a market share of 70.5% by 2026, having grown with a successive CAGR of 16.3% during the forecast period. Highly accurate solutions for the massive number of fleet in the crowded areas and real-time tracking facilities coupled with high-security solutions are some of the active propellers under this segment.
Highlights of TOC of the Fleet Management Market Report:
Chapter 1: Methodology & Scope
Chapter 2: Summary of the Fleet Management Market
Chapter 3: Insights into Fleet Management Industry
Chapter 4: Regional Analysis
Chapter 5: Company profiles
Chapter 6: Recent Developments and Expansion Plans
Chapter 7: SWOT Analysis
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Development Trend Analysis
Chapter 10: Market Concentration Analysis
..and many more.
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