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Fleet Management Market by Solution, Service, Deployment Type, Fleet Type and Region - Global forecast to 2022

Fleet Management Market: Global forecast until 2022

  • August 2017
  • 159 pages
  • ID: 5090303
In this report:
According to the European Automobile Manufacturers Association (ACEA), passenger car registrations in Europe rose at the rate of ##.##% Y-O-Y in the first six months of 2017 to ##.## million units, but in the next half of the year, it is expected to grow by an overall ##.##% only, due to relative uncertainty in the fleet market.

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The increasing need for operational efficiency is predicted to push the rise of the fleet management market

The fleet management market size is forecasted to grow from ~$13.8B in 2017 to ~$28.7B by 2022, at a Compound Annual Rise rate of 15.80 percent during the forecast period. The main driver for the upsurge in the demand of the fleet management market is said to be the declining hardware and connectivity costs, leading to the increased deployment of fleet management solutions. The main restraining factor is anticipated to be the cost sensitivity of fleet owners, which is restricting the deployment of advanced fleet management technologies.

Cloud deployment type is anticipated to rise at the quickest rate during the estimate period

The cloud deployment type is anticipated to witness the more important increase rate during the outlook period, according to its cost-effectiveness, scalability, and ease of accessibility to organizational content, regardless of the employee location, thereby supplementing the business continuity.

Passenger cars segment is planned to hold the biggest market share market during the estimate period

The passenger cars segment is intended to hold most important market share during the outlook period, according to its big presence and rised deployment of advanced fleet management technology, especially by the fleet leasing firms.

Asia Pacific (APAC) is anticipated to grow at the quickest rate during the estimate period

As per the geographic review, the APAC area is forecast to witness the quickest increase in the fleet management market, due to the growing adoption of advanced technologies and rising Gross Domestic Product in territories. North America (NA) is forecasted to hold the biggest market share during the outlook period, due to the early adoption of fleet management technology and the growing government regulations, policies, and mandates.

The break-up profiles of the primary discussion participants are given below:

• By Company category: Tier 1 (53.0 percent), Tier 2 (33.0 percent), and Tier 3 (14.0 percent)

• By Description: C-suite (60.0 percent), D-level (10.0 percent), and Grade of manager (30.0 percent)

• By Area: North America continent (35.0 percent), Europe (EU) (25.0 percent), Asia-Pac (30.0 percent), and RoW (10.0 percent)

Segment Research

The overall fleet management market has been split on the basis of types (solutions and services), deployment types, fleet types, and localities.An in-depth study of the regions has been done to furnish business insights into the potential future business opportunities across several regions.

Additionally to this, the strength of product portfolio and business strategy excellence are some of the other MarketsandMarkets review included in the industry report.

Reasons to Buy the Report

The study will facilitate the market top players/new sector entrants in the fleet management market in these ways:

1. The document breaks down the fleet management market comprehensively and offers the best approximations of the revenue data for the global market and sub-segments across different areas.

2. The analysis benefits the partners distinguish the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research benefits the partners comprehend the players and obtain additional insights to better their rank in the sector.

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