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Market Research Report

Automotive Fleet Management Market By Solution Type (Operations Management, Vehicle Maintenance & Leasing), By Deployment (On-Cloud & On-Premises), By Component Type (Software, Hardware, & Services), By Fleet Type (Light/Heavy Commercial Vehicle, and Passenger Vehicles), & By End User (Government, Transportation & Logistics) With Forecast 2016-2024

Published On : 2018-02-06 Report Page : 285 Category: Automotive

Global Automotive Fleet Management Market

Market Overview

With the dramatic changes on the horizon for fleet productivity tools and solutions, companies will continue to embrace the use of technology in automotive fleet management to improve business efficiency, reduce fleet cost and to drive employee productivity. Owing to technological advancements in automotive industry, today’s vehicles are integrated with technology to directly manage fuel purchases and capture telematics data to manage driver behavior and predictive maintenance scheduling. Further, the market is majorly accelerated by the growing ecommerce business and cab services across the globe which has significantly augmented the need for efficient fleet management solutions. The increasing size of automotive fleet for transportations and logistics are the major factor for the growth of automotive fleet management solutions across the globe.

Goldstein Research analyst forecast the global automotive fleet management market to expand at a CAGR of 16.2% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 24.6 billion by the end of forecast period owing to growing automotive fleets across various industrial verticals and the rising need for efficient fleet management. 

Covered in this global automotive fleet management market report

The report covers the present ground scenario and the future growth prospects of the automotive fleet management market for 2016-2024 along with the total revenue of automotive fleet management market in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, regional and country level. The revenue forecast is given on the basis of number of automotive fleet management companies and current growth rate of the market.

Global Automotive Fleet Management Market Segmentation

By Solution Type

  • Operations Management
  • Driver Management
  • Vehicle Maintenance & Leasing
  • Safety & Compliance Management

By Deployment Type

  • On-Cloud
  • On-Premises

By Component Type

  • Software
  • Hardware
  • Services

By Fleet Type

  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Passenger Vehicles

By End Users

  • Government
  • Transportation & Logistics
  • Mining and Construction
  • Energy Sector
  • Others (Manufacturing etc.)

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}
  • Rest of the World{Market Share (%), Market Size (USD Billion))}

Based on solution type, operations management is expected to hold the lion share of the global market throughout the forecast period. The segment is expected to be followed by the segment of vehicle safety and compliance solutions in terms of market share owing to mandates by several governments to provide safety solutions in the vehicles. Moreover, the vehicle safety and compliance solutions segment is also projected to be the segment with the most promising growth opportunities owing to high rate of growth. This segment is expected to grow at a CAGR of +20% during the period from 2016 to 2024.

Global Automotive Fleet Management Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global automotive fleet management market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global automotive fleet management market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global automotive fleet management market report comprises of the following companies as the key players in the global automotive fleet management market: Fleetmatics Group, TeleNav, TomTom International, Trimble Navigation, AT&T, Donlen Corporation, Geotab, LeasePlan USA, Masternaut Limited, Merchants Fleet Management, Omnitracs, Teletrac Navman, Verizon Telematic, Wheels Inc., and WorkWave.

According to our global automotive fleet management market study on the basis of extensive primary and secondary research, one major trend in the market is the emergence autonomous features to improve driver and passenger safety. In coming years it is expected that majority of new vehicles will have some form of automation to improve driver safety. These features will include more sophisticated collision prevention systems that automatically brake or slow the automobile and keep safe distances from vehicles ahead and behind under cruise control.

According to the report, major driver in global automotive fleet management market is growing demand for logistics and transport services owing to rising trade activities between countries and rising ecommerce business across the globe. Fleet management solutions provide various benefits such as improved maintenance planning, vehicle performance and schedule of fleet routing which enhances the fleet safety and also customer satisfaction.

Further, the report states that one challenge in global automotive fleet management market is high cost of some systems which usually require expensive application development and integration services.

Geographically, North America accounted for the largest market share with 40% revenue in global automotive fleet management market. Asia Pacific is anticipated to be the fastest growing region for automotive fleet management market, at a CAGR of +19% during the forecast period attribute to the fastest growing economies in the region and rapid adoption of advanced technologies. Middle East & Africa are the most opportunistic regions owing to growth of retail industry and enhancement in economic conditions of many African countries.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this global automotive fleet management market report

  • What is the total market size by 2024 and what would be the expected growth rate?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Automotive Fleet Management Market By Solution Type (Operations Management, Vehicle Maintenance & Leasing), By Deployment (On-Cloud & On-Premises), By Component Type (Software, Hardware, & Services), By Fleet Type (Light/Heavy Commercial Vehicle, and Passenger Vehicles), & By End User (Government, Transportation & Logistics) With Forecast 2016-2024

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements