Fleet Management Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The size of the Fleet Management Market is expected to grow at a compound annual growth rate (CAGR) of 11% over the forecast period from 2021 to US$20.6 billion by 2028 to US$33.9 billion. The presence of various key players in the ecosystem has led to a competitive and diverse market. The market has high growth rates for cloud computing and analytics adoption, reduced hardware and IoT connectivity costs, growing operational efficiency needs, and recent but significant growth opportunities from government for fleet management providers. Small companies and start-ups have also marked their presence in the fleet management market by offering their products worldwide. The fleet management industry is gradually adopting advanced technology, and various fleet organizations are implementing green initiatives to reduce environmental impact and increase overall fleet efficiency.

 

Company Profile

• Donlen
• Geotab
• LeasePlan
• Masternaut
• Merchants Fleet Management
• Omnitracs
• Teletrac Navman
• Trimble

 

Market Segmentation

By Type, the market is primarily split into

• Operations Management
• Information Management
• Risk Management
• Vehicle Maintenance and Leasing
• Safety and Compliance Management

By Application, this report covers the following segments

• Light Commercial Vehicles (LCVs)
• Medium and Heavy Commercial Vehicles (M&HCVs)

 

Scope of the Report

The research study analyzes the Fleet Management Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Fleet Management Market Report

 

1. What was the Fleet Management Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Fleet Management Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Fleet Management Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.