Global Fleet Management Market - 2019-2026
|フリート管理の世界市場：2019年-2026年 Global Fleet Management Market - 2019-2026|
|出版日: 2020年06月25日||ページ情報: 英文||
Fleet management includes the management of commercial motor vehicles, private vehicles, aviation machinery, ships, rail cars, and non-powered assets. It is essential for controlling costs, productivity, fuel management, and compliance. It includes various functions such as vehicle financing, vehicle maintenance, vehicle telematics, such as tracking and diagnostics, driver management, speed management, fuel management, and health and safety management. The global fleet management market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for the fleet management solutions due to their efficiency in saving the fuel, lowering the maintenance costs, and securing the management for the vehicle and customers. Fleet management is widely used by couriers, oil and gas delivery, utilities, repair, and service businesses to ensure responsible vehicle use with confirmed safety and enable real-time tracking. Effective fleet management helps in reducing fuel costs, optimizing the routes, increasing productivity, and enhancing customer satisfaction.
There is an increase in the launch of novel fleet management solutions. For instance, in February 2020, Shell had launched fleet management solutions in India for reducing the total cost of ownership (TCO) for fleet owners.
In July 2018, WABCO had launched the TRAXEE, its new fleet management system (FMS). This novel fleet management system is designed to meet the specific needs of operators of small to medium-size commercial fleets. TRAXEE FMS provides the smaller fleet operators several business-critical functions without incurring large capital investment or management overhead expenses. TRAXEE enables operators to better coordinate fleet capacity, manage driver activity, and improve administrative efficiency. The system provides real-time status updates on individual trucks and drivers while helping to address the tachograph legal compliance requirements across Europe and Turkey.
The market is witnessing the technological advancement for the development of the fleet management solutions with wireless technology, obligatory incorporation of ELD, and other technologies. For instance, in July 2017, Fleet Complete had launched the next-generation fleet management platform that boasts new mobile management tools and features for cutting-edge business optimization. This new platform includes the new task tracker app that enhances time management and worker productivity for businesses that provide on-demand services. The new task tracker app injects the product range with more capabilities, enhanced digital job distribution, automated activity management, and intuitive user interface
However, the low rate of adoption of the fleet management solutions among the small fleet owners is hindering the market growth. Several factors such as lack of awareness, limited operation scale, smaller budgets, limited compliance norms, high capital requirements, and a rise in operational costs have led to the low rate of adoption of the fleet management solutions among the small fleet owners.
The global fleet management market is segmented based on the solution as operations management, asset management, information management, driver management, safety, and compliance management, risk management, and others. The driver management segment accounts for the significant market share of XX% owing to the growing adoption of driver management solutions due to its efficacy in saving the fuel, lowering the maintenance costs, and ensuring the secure management of the vehicle and customers. The driver management solutions study driver behavior and make necessary changes to driving styles which are essential for reducing fuel consumption and improving the vehicle's maintenance. These solutions monitor driver activities, driving patterns & vehicle utilization. The driver management solutions include applications such as driver registration, insurance risk management, and analysis. These solutions promote better driving behavior by sending the feedback indicating the driving style, with alerts. The driver management solutions provide access to up-to-date data including driver status, location, and safety habits.
Further, the market is also classified based on the deployment as the on-premises and cloud. The cloud segment is expected to grow at the highest CAGR during the forecasted period due to the growing usage of the cloud-based fleet management software solution due to its cost-efficiency and hassle-free integration. The cloud-based fleet management software solutions are useful for the operators to keep the vehicle manageable and roadworthy with a variety of instruments including driver and car management. These software-based solutions also help in conducting the inspection of equipment and machinery. The cloud-based fleet management software solutions aid the organizations for managing the fleet, maintaining the operation, and safety anytime and anywhere with the help of internet-enabled devices and retain service and security.
By region, the global fleet management market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global fleet management market and is expected to grow at the highest CAGR during the forecasted period owing to the high adoption of the fleet management solutions for vehicle & driver tracking, asset management, two-way communication, driver safety & time management, after-sales services, customer relationship management, and others. Fleet management provides better access to plan maintenance of vehicles, enhanced driver safety, and proper routing of fleets. There is the presence of the prominent market players providing the fleet management solutions and services in various in different public and private organizations. For instance, the US Department of Homeland Security has adopted the fleet management solutions to provide it's fleet managers access to data-driven insights for managing the daily operations of the fleet. In August 2017, WEX Inc. had been awarded a five-year blanket purchase agreement by the Department of Homeland Security (DHS) to supply vehicle telematics products and services through their GSA Schedule 70 contract. Under the terms of the agreement, DHS fleet managers from their 13 operational and support components would purchase WEX Telematics solutions that would enable DHS to maximize fleet efficiency and performance, integrate fleet focused data across multiple platforms, and advance their ability to deliver on their daily missions. There are several government regulations for the improvement of the management and enhance the performance of a fleet. For instance, the United States General Services Administration has provided centralized procurement for the federal government that comprised of certain rules and regulations for the management of public sector fleet in the United States.
The Asia-Pacific region is expected to have positive market growth due to the growing investment and funding by the several small and medium organizations for the adoption of the technologically advanced solutions and cloud-based software services for fleet management for streamlining operations. There is growing awareness regarding the cost benefits of fleet management shall boost the demand for the fleet management solutions and services over the forecasted period.
The global fleet management market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. At&T, Inc., Cisco Systems, Inc., Fleetmatics Group Plc, Omnitracs LLC, IBM Corporation, Astrata Group, Tomtom NV, and Wheels Inc. are the leading market players with significant market share.
The companies are entering into the collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for fleet management and their expansion across the globe. For instance, in June 2020, Targa Telematics had entered into a multi-year agreement for fleet management solutions for business customers in the European market. The initiative covers all FCA connected models in the EMEA area.
In January 2020, General Motors had entered into the collaboration with the Geotab to launch the new Geotab Integrated Solution for GM vehicles. This solution pairs up with the pre-embedded OnStar module found in GM vehicles that allows the fleet operators to access data from their GM fleet vehicles within the MyGeotab platform. This prevents the need for them to install an aftermarket system to track and manage their fleet vehicles, leveraging the OnStar module that already comes with the vehicle.
In April 2019, Donlen had entered into the collaboration with the Nauto, an AI-technology company to improve the safety of commercial fleets. This would allow the addition of Nauto's AI-solution to Donlen's extensive safety offering which would provide the fleet customers an AI-solution to further reduce distracted driving and prevent collisions. Donlen customers would have access to Nauto's easy-to-install intelligent driver safety system that leverages a multi-sensor device, artificial intelligence, and proprietary algorithms to assess situational risk both inside and outside the vehicle
In October 2016, Continental AG is intensifying its ongoing activities in the fleet management service business by acquiring the majority stake in the smart fleet management technology provider Zonar.
In June 2016, PSA Group had entered into the collaboration with TomTom to provide the fleet management company's Webfleet for all connected Peugeot, Citroen, and DS fleet vehicles. This service would become accessible in France, Spain, Belgium, and the Netherlands. Web fleet provides the fleet managers to make better business decisions. It helps to save fuel as well as localize vehicle positions and improves car maintenance planning.
*The global fleet management market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages