NEW YORK, Feb. 10, 2023 /PRNewswire/ — The fleet management market size is forecast to increase by USD 57,278.74 million from 2022 to 2027, at a CAGR of 18.77%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 24,568.92 million. The growth of the market will be driven by the growing need for operational efficiency, an increase in mergers and acquisitions, and the growing popularity of cold chain transportation. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report
Technavio has announced its latest market research report titled Global Fleet Management Market 2023-2027
Technavio has extensively analyzed 15 major vendors, including AT and T Inc., Avrios International AG, Azuga Inc., Chevin Fleet Solutions, ClearPathGPS Inc., Donlen Corp., Element Fleet Management Corp., Fleetio, Fleetonomy, GURTAM, Holman Inc., MiX Telematics Ltd., Motive Technologies Inc., Omnitracs LLC, OTS Group Ltd., Samsara Inc., Teletrac Navman US Ltd., TomTom International BV, Trimble Inc., and Verizon Communications Inc.
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Key Benefits for Industry Players and Stakeholders –
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.
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The market is segmented by service (subscription, hardware, and others), vehicle type (commercial fleets and passenger cars), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
Segmentation by Service (Inclusion/Exclusion)
The market growth in the subscription segment will be significant during the forecast period. The market comprises many vendors that offer subscription-based fleet management services. Subscription-based services are highly preferred among end-users. These services enable customers to efficiently manage, optimize, and protect their investments in their commercial fleets and personal vehicles. Such benefits are driving the growth of the segment.
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What are the key data covered in this fleet management market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the fleet management market between 2023 and 2027
Precise estimation of the size of the fleet management market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the fleet management market industry across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of fleet management market vendors
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The defense logistics market is estimated to grow at a CAGR of 2.05% between 2022 and 2027. The size of the market is forecast to increase by USD 3,998.66 million. Growing military ammunition globally is notably driving the market growth, although factors such as the growing number of cargo thefts may impede the market growth.
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Fleet Management Market Scope |
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Report Coverage |
Details |
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Page number |
156 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 18.77% |
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Market growth 2023-2027 |
USD 57278.74 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
16.5 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 32% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AT and T Inc., Avrios International AG, Azuga Inc., Chevin Fleet Solutions, ClearPathGPS Inc., Donlen Corp., Element Fleet Management Corp., Fleetio, Fleetonomy, GURTAM, Holman Inc., MiX Telematics Ltd., Motive Technologies Inc., Omnitracs LLC, OTS Group Ltd., Samsara Inc., Teletrac Navman US Ltd., TomTom International BV, Trimble Inc., and Verizon Communications Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global fleet management market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global fleet management market 2017 – 2021 ($ million)
4.2 Service Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Service Segment 2017 – 2021 ($ million)
4.3 Vehicle Type Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Vehicle Type Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Service
6.1 Market segments
Exhibit 30: Chart on Service – Market share 2022-2027 (%)
Exhibit 31: Data Table on Service – Market share 2022-2027 (%)
6.2 Comparison by Service
Exhibit 32: Chart on Comparison by Service
Exhibit 33: Data Table on Comparison by Service
6.3 Subscription – Market size and forecast 2022-2027
Exhibit 34: Chart on Subscription – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Subscription – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Subscription – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Subscription – Year-over-year growth 2022-2027 (%)
6.4 Hardware and others – Market size and forecast 2022-2027
Exhibit 38: Chart on Hardware and others – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Hardware and others – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Hardware and others – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Hardware and others – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Service
Exhibit 42: Market opportunity by Service ($ million)
7 Market Segmentation by Vehicle Type
7.1 Market segments
Exhibit 43: Chart on Vehicle Type – Market share 2022-2027 (%)
Exhibit 44: Data Table on Vehicle Type – Market share 2022-2027 (%)
7.2 Comparison by Vehicle Type
Exhibit 45: Chart on Comparison by Vehicle Type
Exhibit 46: Data Table on Comparison by Vehicle Type
7.3 Commercial fleets – Market size and forecast 2022-2027
Exhibit 47: Chart on Commercial fleets – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Commercial fleets – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Commercial fleets – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Commercial fleets – Year-over-year growth 2022-2027 (%)
7.4 Passenger cars – Market size and forecast 2022-2027
Exhibit 51: Chart on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Vehicle Type
Exhibit 55: Market opportunity by Vehicle Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 North America – Market size and forecast 2022-2027
Exhibit 61: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 APAC – Market size and forecast 2022-2027
Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 73: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 81: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 China – Market size and forecast 2022-2027
Exhibit 85: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)
9.10 Germany – Market size and forecast 2022-2027
Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.11 UK – Market size and forecast 2022-2027
Exhibit 93: Chart on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.12 Japan – Market size and forecast 2022-2027
Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 AT and T Inc.
Exhibit 108: AT and T Inc. – Overview
Exhibit 109: AT and T Inc. – Business segments
Exhibit 110: AT and T Inc. – Key news
Exhibit 111: AT and T Inc. – Key offerings
Exhibit 112: AT and T Inc. – Segment focus
12.4 Avrios International AG
Exhibit 113: Avrios International AG – Overview
Exhibit 114: Avrios International AG – Product / Service
Exhibit 115: Avrios International AG – Key offerings
12.5 Azuga Inc.
Exhibit 116: Azuga Inc. – Overview
Exhibit 117: Azuga Inc. – Product / Service
Exhibit 118: Azuga Inc. – Key offerings
12.6 Chevin Fleet Solutions
Exhibit 119: Chevin Fleet Solutions – Overview
Exhibit 120: Chevin Fleet Solutions – Product / Service
Exhibit 121: Chevin Fleet Solutions – Key offerings
12.7 ClearPathGPS Inc.
Exhibit 122: ClearPathGPS Inc. – Overview
Exhibit 123: ClearPathGPS Inc. – Product / Service
Exhibit 124: ClearPathGPS Inc. – Key offerings
12.8 Donlen Corp.
Exhibit 125: Donlen Corp. – Overview
Exhibit 126: Donlen Corp. – Product / Service
Exhibit 127: Donlen Corp. – Key offerings
12.9 Fleetio
Exhibit 128: Fleetio – Overview
Exhibit 129: Fleetio – Product / Service
Exhibit 130: Fleetio – Key offerings
12.10 MiX Telematics Ltd.
Exhibit 131: MiX Telematics Ltd. – Overview
Exhibit 132: MiX Telematics Ltd. – Business segments
Exhibit 133: MiX Telematics Ltd. – Key news
Exhibit 134: MiX Telematics Ltd. – Key offerings
Exhibit 135: MiX Telematics Ltd. – Segment focus
12.11 Motive Technologies Inc.
Exhibit 136: Motive Technologies Inc. – Overview
Exhibit 137: Motive Technologies Inc. – Product / Service
Exhibit 138: Motive Technologies Inc. – Key offerings
12.12 Omnitracs LLC
Exhibit 139: Omnitracs LLC – Overview
Exhibit 140: Omnitracs LLC – Product / Service
Exhibit 141: Omnitracs LLC – Key offerings
12.13 Samsara Inc.
Exhibit 142: Samsara Inc. – Overview
Exhibit 143: Samsara Inc. – Product / Service
Exhibit 144: Samsara Inc. – Key offerings
12.14 Teletrac Navman US Ltd.
Exhibit 145: Teletrac Navman US Ltd. – Overview
Exhibit 146: Teletrac Navman US Ltd. – Product / Service
Exhibit 147: Teletrac Navman US Ltd. – Key offerings
12.15 TomTom International BV
Exhibit 148: TomTom International BV – Overview
Exhibit 149: TomTom International BV – Business segments
Exhibit 150: TomTom International BV – Key offerings
Exhibit 151: TomTom International BV – Segment focus
12.16 Trimble Inc.
Exhibit 152: Trimble Inc. – Overview
Exhibit 153: Trimble Inc. – Business segments
Exhibit 154: Trimble Inc. – Key offerings
Exhibit 155: Trimble Inc. – Segment focus
12.17 Verizon Communications Inc.
Exhibit 156: Verizon Communications Inc. – Overview
Exhibit 157: Verizon Communications Inc. – Business segments
Exhibit 158: Verizon Communications Inc. – Key offerings
Exhibit 159: Verizon Communications Inc. – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 160: Inclusions checklist
Exhibit 161: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 162: Currency conversion rates for US$
13.4 Research methodology
Exhibit 163: Research methodology
Exhibit 164: Validation techniques employed for market sizing
Exhibit 165: Information sources
13.5 List of abbreviations
Exhibit 166: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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Website: www.technavio.com/
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