Overview of Fleet Management Market
Fleet Management Market Report forecasts that the global fleet management market size was $7,755 million in 2015, and is expected to reach $34,629 million by 2022. The cellular system segment is expected to dominate the market from 2016 to 2022. Asia-Pacific fleet management industry accounted for 40% of the market share in 2014, and is expected to show highest growth rate during the forecast period.
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End users across the globe invest into fleet management activities to enhance various features of vehicle management solutions and to increase operational competency. Furthermore, rapid urbanization and increase in safety concerns have driven the market growth. However, cost sensitivity among local businesses hinders the growth of the global fleet management market.
The Major players reported in the market include:
Fleetmatics Group Plc
Mitac International Corporation
Cisco Systems, Inc.
Freeway Fleet Systems
By vehicle type, the railway segment dominated the fleet management industry with around 26% market share in 2014. The aircraft segment is projected to grow at the highest CAGR of 26.3% during the forecast period. Based on the communication technology, the market is categorized into global navigation satellite system (GNSS) and cellular system. The cellular system generated around 62% of total market revenue, whereas GNSS segment is projected to grow at the highest CAGR during the forecast period.
In-Depth Analysis Of The Global Fleet Management Market Along With The Dynamics Is Provided In The Report To Understand The Market Scenario.
Quantitative Analysis Of The Current Trends And Future Estimations From 2014 To 2022 Is Provided To Assist Strategists And Stakeholders To Capitalize On The Prevailing Opportunities.
Porter’s Five Forces Analysis Examines The Competitive Structure Of The Fleet Management Industry, And Provides A Clear Understanding Of The Factors That Influence The Market Entry And Expansion.
A Detailed Analysis Of The Geographical Segments Enables Identification Of Profitable Segments To Market Players.
Comprehensive Analyses Of The Trends, Sub segments, And Key Revenue Pockets Are Provided In The Report.
Detailed Analyses Of The Key Players And Their Business Strategies Are Anticipated To Assist Stakeholders To Take Informed Business Decisions.
Profile Analyses Of Leading Players Operating In The Fleet Management Industry Are Provided In The Report, Which Highlight The Major Developmental Strategies Such As Mergers & Acquisitions, Expansions, And New Product Launches Adopted By These Companies.
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KEY MARKET SEGMENTS:
By Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle
Driver Management Solution
Operation Management Solution
Driver Management Solution
Claim Inspection Services
Vehicle Tracking/Follow-Up Services
Customer Relationship Management (Crm)
By Communication Technology
Transportation & Logistics
Others (Manufacturing, Construction, and Energy)
Key Findings of the Fleet Management Market:
Among components, the solution segment led the overall fleet management market, in terms of revenue, and is projected to grow at a CAGR of 23.5% during the forecast period.
Global fleet management market size is expected to reach $34,629 million by 2022 at a significant CAGR during the forecast period.
The railway fleet management segment dominated the market in 2014, and is projected to grow at the highest CAGR.
Cellular system segment generated the maximum revenue in 2014, and is anticipated to grow at a CAGR of 23.9%.
Among industries, the transportation & logistics segment generated the highest revenue, and is projected to continue its dominance.
In 2014, Asia-Pacific was the dominant region, and is expected to grow at the fastest CAGR, with China leading the market.
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 WORLD FLEET MANAGEMENT MARKET, BY END USER
CHAPTER 5 WORLD FLEET MANAGEMENT MARKET, BY APPLICATION
CHAPTER 6 WORLD FLEET MANAGEMENT MARKET, BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES
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Name: Sameer Joshi
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