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North America is expected to hold a significant share of the global fleet management industry. This can be attributed to the rising number of warehousing activities and the earlier adoption of fleet management solutions in the region. The European market is being aided by the increasing investments in corporate vehicle fleets.
Stringent regulations regarding vehicular emissions by bodies such as the Environment Protection Agency are anticipated to boost the market growth. Increasing government investments in fleet management solutions to manage federal and state fleets is creating positive prospects for the market. In 2020, ALD Automotive Pvt Ltd (EPA: ALD) and Ford Motor Company (NYSE: F) launched a new fleet management business in Europe to support commercial vehicle and fleet growth. This move is expected to strengthen its position in the fleet management industry, consequently bolstering the market growth of fleet management.
Market Analysis by Components, Development Type, Vehicle Type, End Use, and Region:
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The major players in the global market for fleet management are ALD Automotive Pvt Ltd, Arval BNP Paribas Group, LeasePlan, Wheels, Inc., and Volkswagen Financial Services, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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