Fleet Management Market Size Hit USD 304.78 Billion at a CAGR of 15.3% in 2026 | Donlen Corporation, Omnitracs
Increasing demand for fleet management in the road transportation systems, coupled with high investments in R&D of fleet management, are fueling the market growth.
Market Size –
USD 96.91 Billion in 2018, Market Growth - CAGR of 15.3%, Market Trends –
Increase in demand for fleet management in the mobility solution providers.
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. Telematics & tracking is actively raising
the market capital for the tracking & analytics segment. Road
transportation is rapidly harnessing having implemented fleet management in
commercial and passenger vehicles.
APAC is forecasted to achieve the fastest growth of about
19.3% in the period 2019 – 2026, due to an increase in the affordability of
private vehicles and comprehensive implementation of fleet management by all
means of transportation in the countries like India and China. North America
holds the highest market share of 37.4% in 2018 because of the prodigious rate
of commercialization of smart fleet management solutions.
Key participants
include Donlen Corporation, Omnitracs, Teletrac Navman, Automotive Rentals
Inc., Japan Railways Group, American Airlines, FedEx, GPS Insight, Omnitracs,
and Verizon Connect.
Get
a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2402
Market Overview:
The research report
assesses the market dynamics, market landscape, company profiles, production
and manufacturing capacity, year-on-year growth rate, SWOT analysis, and
Porter’s Five Forces analysis. The report estimates the market size, market
growth, and provides an accurate forecast for the key segments of the market
for the forecast period of 2020-2028. The report also covers an in-depth
analysis of the key competitors of the market, along with their growth
strategies and business expansion plans.
The Fleet
Management Market has been
segmented into key regions of the world and offers an analysis of growth rate,
market share, market size, current and emerging trends, production and
consumption ratio, industrial chain analysis, demand and supply, import and
export, revenue contribution, and presence of key players in each region. A
country-wise analysis of the market is offered in the report to gain a better
understanding of the regional spread and progress of the Fleet
Management Market.
Further key findings from the report suggest
- 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.
- Maintenance
& repair solutions and services focus on providing support &
assistance for the fleet and maintenance services for the aftermarket
fleets in order to properly sustain the overall fleet management process.
The segment is calculated to reach a market valuation of USD 39.01 Billion
by 2026.
- North
America is leading the global market, with 37.4% of market possession in
2018 and would continue dominating the global market with a CAGR of 15.8%
during the forecast period. United States possesses the highest market
share in the worldwide market.
To understand how our Fleet Management Market can bring
difference to your business strategy:- https://www.reportsanddata.com/report-detail/fleet-management-market
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; 2016-2026)
- Solution
- Service
Verticals Outlook (Revenue: USD Billion; 2016-2026)
- Operation
Management
- Business
Management
- Maintenance
& Repair
- Regulatory
& Compliance
- Software
Solutions
- Tracking
& Analytics
- Others
Fleet Type Outlook (Revenue: USD Billion; 2016-2026)
- Aviation
- Road
Transportation
- Railway
System
- Marine
End-Use Industries Outlook (Revenue: USD Billion;
2016-2026)
- Mobility
Solutions
- Service
& Maintenance
- Education
& Research
- Logistics
Solutions
- Government
Bodies
- Others
Regional Outlook (Revenue: USD Billion; 2016-2026)
- North
America
- U.S.
- Europe
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- MEA
- Latin
America
- Brazil
Request a
customization of the report @ https://www.reportsanddata.com/request-customization-form/2402
Key Advantages of Fleet
Management Market Report:
- Identification
and analysis of the market size and competition
- Qualitative
and quantitative analysis of the market data
- Data
validated by industry experts after extensive primary and secondary
research
- Extensive
regional analysis of the Fleet
Management industry
- Profiling
of key players along with their business overview, business strategies,
deals and partnerships, and product portfolio
- SWOT and
Porter’s Five Forces Analysis for in-depth understanding of the
competitive landscape
- Feasibility
analysis and investment analysis to enable strategic investment decisions
- Analysis
of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Fleet Management Market are
quantitatively as well qualitatively assessed to study the global as well as
regional market comparatively. This market study presents critical information
and factual data about the market providing an overall statistical study of
this market on the basis of market drivers, limitations and its future
prospects.
About Us:
Reports and Data
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 analyze consumer behavior
shifts across demographics, across industries and help client’s make a smarter
business decision. We offer market intelligence studies ensuring relevant and
fact-based research across a multiple industries including Healthcare,
Technology, Chemicals, Power and Energy. We consistently update our research
offerings to ensure our clients are aware about the latest trends existent in the
market.
Contact Us:
John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming
research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more
industry updates @ https://www.reportsanddata.com/blogs
Comments
Post a Comment