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Global Fleet Management Market to Grow at a CAGR of 17.9% During 2024-2032, Aided by the Rising International Trade

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Global Fleet Management Market Size, Share, Growth: By Component: Services, Solution; By Deployment Type: On-Demand, On-Premise, Hybrid; By Vehicle Type: Passenger Vehicle, Commercial Vehicle; By End Use: Retail, BFSI, Energy, Government, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Growing International Trades to Aid the Market Growth of Fleet Management

The growing necessity for operational competency in fleet management, coupled with the rising international trades is driving the market. The rising adoption of wireless technology and mandatory incorporation of ELD is fuelling the demand for the product. The introduction of affordable fleet management software and communication technology is expected to decrease the cost sensitivity among the local players, thereby complementing the market growth. The driver management system is gaining popularity, as it provides fuel savings, lowers maintenance costs, and better management of the vehicle and customers. Furthermore, the rising adoption of fleet management solutions among large and medium-scale fleet owners for streamlining operations is boosting the market growth. Such developments in the industry are anticipated to propel the fleet management industry in the forecast period.

Fleet Management Market Report Snapshots

Fleet Management Market Size

Fleet Management Market Growth

Fleet Management Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7 Opportunities and Challenges in the Market
8   Global Fleet Management Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Fleet Management Historical Market (2018-2023)
   8.3   Global Fleet Management Market Forecast (2024-2032)
   8.4   Global Fleet Management Market by Component
       8.4.1   Services
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
           8.4.1.3 Breakup by Type
               8.4.1.3.1   Professional
                   8.4.1.3.1.1 Historical Trend (2018-2023)
                   8.4.1.3.1.2 Forecast Trend (2024-2032)
               8.4.1.3.2   Managed
                   8.4.1.3.2.1 Historical Trend (2018-2023)
                   8.4.1.3.2.2 Forecast Trend (2024-2032)
       8.4.2   Solution
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
           8.4.2.3 Breakup by Type
               8.4.2.3.1   Asset Management
                   8.4.2.3.1.1 Historical Trend (2018-2023)
                   8.4.2.3.1.2 Forecast Trend (2024-2032)
               8.4.2.3.2   Performance Management
                   8.4.2.3.2.1 Historical Trend (2018-2023)
                   8.4.2.3.2.2 Forecast Trend (2024-2032)
               8.4.2.3.3   Safety and Compliance Management
                    8.4.2.3.3.1 Historical Trend (2018-2023)
                    8.4.2.3.3.2 Forecast Trend (2024-2032)
               8.4.2.3.4   Risk Management
                   8.4.2.3.4.1 Historical Trend (2018-2023)
                   8.4.2.3.4.2 Forecast Trend (2024-2032)
               8.4.2.3.5   Operations Management
                    8.4.2.3.5.1 Historical Trend (2018-2023)
                    8.4.2.3.5.2 Forecast Trend (2024-2032)
               8.4.2.3.6   Others
   8.5   Global Fleet Management Market by Deployment Type
       8.5.1   On-Demand
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   On-Premise
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Hybrid
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
   8.6   Global Fleet Management Market by Vehicle Type
       8.6.1   Passenger Vehicle
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Commercial Vehicle
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
   8.7   Global Fleet Management Market by End Use
       8.7.1   Retail
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   BFSI
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Energy
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Government
           8.7.4.1 Historical Trend (2018-2023)
           8.7.4.2 Forecast Trend (2024-2032)
       8.7.5   Transportation and Logistics
           8.7.5.1 Historical Trend (2018-2023)
           8.7.5.2 Forecast Trend (2024-2032)
       8.7.6   Mining and Construction
           8.7.6.1 Historical Trend (2018-2023)
           8.7.6.2 Forecast Trend (2024-2032)
       8.7.7   Pharmaceutical
           8.7.7.1 Historical Trend (2018-2023)
           8.7.7.2 Forecast Trend (2024-2032)
       8.7.8   Others
   8.8   Global Fleet Management Market by Region
       8.8.1   North America
       8.8.2   Europe
        8.8.3   Asia Pacific
        8.8.4   Latin America
       8.8.5   Middle East and Africa
9   Regional Analysis
   9.1   North America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
       9.1.3   Breakup by Country
           9.1.3.1   United States of America
           9.1.3.2   Canada
   9.2   Europe
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
       9.2.3   Breakup by Country
           9.2.3.1   United Kingdom
           9.2.3.2   Germany
           9.2.3.3   France
           9.2.3.4   Italy
           9.2.3.5   Others
   9.3   Asia Pacific
       9.3.1   Historical Trend (2018-2023)
       9.3.2   Forecast Trend (2024-2032)
       9.3.3   Breakup by Country
           9.3.3.1   China
           9.3.3.2   Japan
           9.3.3.3   India
           9.3.3.4   ASEAN
           9.3.3.5   Australia
           9.3.3.6   Others
   9.4   Latin America
       9.4.1   Historical Trend (2018-2023)
       9.4.2   Forecast Trend (2024-2032)
       9.4.3   Breakup by Country
           9.4.3.1   Brazil
           9.4.3.2   Argentina
           9.4.3.3   Mexico
           9.4.3.4   Others
   9.5   Middle East and Africa
       9.5.1   Historical Trend (2018-2023)
       9.5.2   Forecast Trend (2024-2032)
       9.5.3   Breakup by Country
           9.5.3.1   Saudi Arabia
           9.5.3.2   United Arab Emirates
           9.5.3.3   Nigeria
           9.5.3.4   South Africa
           9.5.3.5   Others
10   Market Dynamics
   10.1   SWOT Analysis
       10.1.1   Strengths
       10.1.2   Weaknesses
       10.1.3   Opportunities
       10.1.4   Threats
   10.2   Porter’s Five Forces Analysis
       10.2.1   Supplier’s Power
       10.2.2   Buyer’s Power
       10.2.3   Threat of New Entrants
       10.2.4   Degree of Rivalry
       10.2.5   Threat of Substitutes
   10.3   Key Indicators for Demand
   10.4   Key Indicators for Price
11   Value Chain Analysis
12   Procurement Strategy
   12.1   Sourcing Model
   12.2   Engagement Strategy
   12.3   Contract Model
   12.4   Pricing Model
   12.5   Cost Saving Opportunities
13   Cost Analysis
   13.1   Labour
   13.2   Materials
   13.3   Plant/Facility
   13.4   Production
   13.5   Assembly
   13.6   Design/R&D/Engineering
   13.7   Disposal
   13.8   Others
14   Competitive Landscape
   14.1   Market Structure
   14.2   Company Profiles
       14.2.1   ALD Automotive Pvt Ltd
           14.2.1.1   Company Overview
           14.2.1.2   Product Portfolio
           14.2.1.3   Demographic Reach and Achievements
           14.2.1.4   Certifications
       14.2.2   Arval BNP Paribas Group
           14.2.2.1   Company Overview
           14.2.2.2   Product Portfolio
           14.2.2.3   Demographic Reach and Achievements
           14.2.2.4   Certifications
       14.2.3   LeasePlan
           14.2.3.1   Company Overview
           14.2.3.2   Product Portfolio
           14.2.3.3   Demographic Reach and Achievements
           14.2.3.4   Certifications
       14.2.4   Wheels, Inc.
           14.2.4.1   Company Overview
           14.2.4.2   Product Portfolio
           14.2.4.3   Demographic Reach and Achievements
           14.2.4.4   Certifications
       14.2.5   Volkswagen Financial Services
           14.2.5.1   Company Overview
           14.2.5.2   Product Portfolio
           14.2.5.3   Demographic Reach and Achievements
           14.2.5.4   Certifications
       14.2.6   Others
15   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Fleet Management Market: Key Industry Highlights, 2018 and 2032
2.   Global Fleet Management Historical Market: Breakup by Component (USD Billion), 2018-2023
3.   Global Fleet Management Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.   Global Fleet Management Historical Market: Breakup by Deployment Type (USD Billion), 2018-2023
5.   Global Fleet Management Market Forecast: Breakup by Deployment Type (USD Billion), 2024-2032
6.   Global Fleet Management Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7.   Global Fleet Management Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8.   Global Fleet Management Historical Market: Breakup by End Use (USD Billion), 2018-2023
9.   Global Fleet Management Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10.   Global Fleet Management Historical Market: Breakup by Region (USD Billion), 2018-2023
11.   Global Fleet Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.   North America Fleet Management Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   North America Fleet Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Europe Fleet Management Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Europe Fleet Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Asia Pacific Fleet Management Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Asia Pacific Fleet Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Latin America Fleet Management Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Latin America Fleet Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Middle East and Africa Fleet Management Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Middle East and Africa Fleet Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Global Fleet Management Market Structure

Key Questions Answered in the Report

What was the global fleet management market size in 2023?

In 2023, the global fleet management market reached a value of USD 26.29 billion.

What is the growth rate of the global fleet management market?

During the forecast period of 2024-2032, the market is projected to grow at a CAGR of 17.9%.

What is the forecast outlook of the global fleet management market for 2024-2032?

By 2032, the market is expected to attain a value of USD 116.07 billion.

What are the major market drivers?

The major market drivers include increasing international trade, rising disposable incomes, growing adoption of fleet management solutions by large and medium-scale fleet owners, and rapid urbanisation.

What are the key trends of the market?

The key trends guiding the market growth include the growing adoption of wireless technologies and innovative solutions to optimise fleet management and the introduction of affordable fleet management solutions.

What are the major regions for fleet management, according to the EMR report?

The major regional markets for fleet management are North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

What are the major deployment types considered in the fleet management market report?

The major deployment types considered in the market report include on-purchase, on-demand, and hybrid.

What are the various end uses of fleet management?

The various end uses of fleet management include retail, BFSI, energy, government, transportation and logistics, mining and construction, and pharmaceutical, among others.

What are the significant vehicle types in the market?

The significant vehicle types in the market are passenger vehicle and commercial vehicle.

What are the major components of fleet management?

The major components in the market are services and solutions.

Who are the key market players, according to the report?

The key players in the market are ALD Automotive Pvt Ltd, Arval BNP Paribas Group, LeasePlan, Wheels, Inc., and Volkswagen Financial Services, among others.

Analyst Review

The global fleet management market attained a value of USD 26.29 billion in 2023, driven by the increasing international trades. Aided by the rising competency, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 17.9%. The market is projected to reach USD 116.07 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of components, the market can be segmented into services and solutions. Based on development type, the market is divided into on-demand, on-purchase, and hybrid. By vehicle type, the market is classified into passenger vehicles and commercial vehicles. On the basis of end use, the market is divided into retail, BFSI, energy, government, transport and logistics, mining and construction, and pharmaceutical, among others. The major regional markets for fleet management are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ALD Automotive Pvt Ltd, Arval BNP Paribas Group, LeasePlan, Wheels, Inc., and Volkswagen Financial Services, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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