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Global Fleet Management Market: By Component: Services, Solution; By Deployment Type: On-Demand, On-Premise, Hybrid; By Vehicle Type: Passenger Vehicle, Commercial Vehicle; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Fleet Management Market Outlook

The global fleet management market attained a value of USD 16 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 18% to reach USD 43 billion by 2026.

 

The Fleet Management Industry in North America to Be Aided by the Rising Number of Warehouse Operations

North America is one of the key markets for fleet management in the historical period of 2016-2020. A significant increase in the number of warehousing operations, coupled with the earlier adoption of fleet management solutions is aiding the market in the region. Apart from North America, Europe held a significant share of the global market for fleet management. The European market is being driven by the rising investments in corporate vehicle fleets for employees. The growing vehicle leasing business is also aiding the regional market. The Asia Pacific is expected to witness a moderate growth owing to the challenges such as employee mobility maintenance and rising costs of capital and operations.

 

Fleet Management: Industry Definition and Segmentation

Fleet management allows companies that involve transportation in business to minimise the risks of vehicle investment and provides increased efficiency. Fleet management can include various functions, such as vehicle maintenance, vehicle leasing and financing, supply chain management, accident management subrogation, licensing, and compliance, among others.

Based on the components, the market can be classified into:

  • Services
    • Professional
    • Managed
  • Solution
    • Asset Management
    • Performance Management
    • Safety and Compliance Management
    • Risk Management
    • Operations Management
    • Others

By development type, the market is segmented into:

  • On-Demand
  • On-Purchase
  • Hybrid

By vehicle type, the market is categorized into:

  • Passenger Vehicle
  • Commercial Vehicle

Based on end use, the market is classified into:

  • Retail
  • BFSI
  • Energy
  • Government
  • Transport and Logistics
  • Mining and Construction
  • Pharmaceutical
  • Others

The EMR report looks into the regional markets of fleet management like North America, Europe, the Asia Pacific, Latin America, and the Middle East, and Africa.

 

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.

 

Key Industry Players in the Global Fleet Management Market

The report presents a detailed analysis of the following key players in the global fleet management market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ALD Automotive Pvt Ltd
  • Arval BNP Paribas Group
  • LeasePlan, Wheels, Inc.
  • Volkswagen Financial Services
  • Others.

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

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    Industry Opportunities and Challenges
8    Global Fleet Management Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Fleet Management Historical Market (2016-2020) 
    8.3    Global Fleet Management Market Forecast (2021-2026)
    8.4    Global Fleet Management Market by Component
        8.4.1    Services
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Professional
                    8.4.1.4.1.1    Market Share
                    8.4.1.4.1.2    Historical Trend (2016-2020)
                    8.4.1.4.1.3    Forecast Trend (2021-2026)
                8.4.1.4.2    Managed
                    8.4.1.4.2.1    Market Share
                    8.4.1.4.2.2    Historical Trend (2016-2020)
                    8.4.1.4.2.3    Forecast Trend (2021-2026)
        8.4.2    Solution
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
                8.4.2.4    Breakup by Type
                    8.4.2.4.1    Asset Management
                        8.4.2.4.1.1    Market Share
                        8.4.2.4.1.2    Historical Trend (2016-2020)
                        8.4.2.4.1.3    Forecast Trend (2021-2026)
                    8.4.2.4.2    Performance Management
                        8.4.2.4.2.1    Market Share
                        8.4.2.4.2.2    Historical Trend (2016-2020)
                        8.4.2.4.2.3    Forecast Trend (2021-2026)
                    8.4.2.4.3    Safety and Compliance Management
                        8.4.2.4.3.1    Market Share
                        8.4.2.4.3.2    Historical Trend (2016-2020)
                        8.4.2.4.3.3    Forecast Trend (2021-2026)
                    8.4.2.4.4    Risk Management
                        8.4.2.4.4.1    Market Share
                        8.4.2.4.4.2    Historical Trend (2016-2020)
                        8.4.2.4.4.3    Forecast Trend (2021-2026)
                    8.4.2.4.5    Operations Management
                        8.4.2.4.5.1    Market Share
                        8.4.2.4.5.2    Historical Trend (2016-2020)
                        8.4.2.4.5.3    Forecast Trend (2021-2026)
                    8.4.2.4.6    Others
    8.5    Global Fleet Management Market by Deployment Type
        8.5.1    On-Demand
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    On-Premise
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Hybrid
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Fleet Management Market by Vehicle Type
        8.6.1    Passenger Vehicle
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Commercial Vehicle
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Fleet Management Market by End Use
        8.7.1    Retail
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    BFSI
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Energy
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Government
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Transportation and Logistics
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Mining and Construction
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Pharmaceutical
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2016-2020)
            8.7.7.3    Forecast Trend (2021-2026)
        8.7.8    Others
    8.8    Global Fleet Management Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s 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    Industry Events and Developments


List of Figures and Tables

1.    Global Fleet Management Market: Key Industry Highlights, 2016 and 2026
2.    Global Fleet Management Historical Market: Breakup by Component (USD Billion), 2016-2020
3.    Global Fleet Management Market Forecast: Breakup by Component (USD Billion), 2021-2026
4.    Global Fleet Management Historical Market: Breakup by Deployment Type (USD Billion), 2016-2020
5.    Global Fleet Management Market Forecast: Breakup by Deployment Type (USD Billion), 2021-2026
6.    Global Fleet Management Historical Market: Breakup by Vehicle Type (USD Billion), 2016-2020
7.    Global Fleet Management Market Forecast: Breakup by Vehicle Type (USD Billion), 2021-2026
8.    Global Fleet Management Historical Market: Breakup by End Use (USD Billion), 2016-2020
9.    Global Fleet Management Market Forecast: Breakup by End Use (USD Billion), 2021-2026
10.    Global Fleet Management Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Fleet Management Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Fleet Management Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Fleet Management Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Fleet Management Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Fleet Management Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Fleet Management Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Fleet Management Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Fleet Management Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Fleet Management Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Fleet Management Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Fleet Management Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Fleet Management Market Structure

Key Questions Answered in the Report

In 2020, the global fleet management market reached a value of USD 16 billion.

During the forecast period of 2021-2026, the market is projected to grow at a CAGR of 18%.

By 2026, the market is expected to attain a value of USD 43 billion by 2026.

The major drivers of the industry, such as increasing international trade, rising disposable incomes, growing adoption of fleet management solutions by large and medium-scale fleet owners , and rapid urbanisation, are expected to aid the market growth.

The key trend of the industry is the introduction of affordable fleet management solutions.

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

The major development types in the market are on-demand, on-purchase, and hybrid.

The leading end use segments in the market are retail, BFSI, energy, government, transport and logistics, mining and construction, and pharmaceutical, among others.

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

The major components in the market are services and solutions.

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 16 billion in 2020, driven by the increasing international trades. Aided by the rising competency, the market is expected to witness further growth in the forecast period of 2021-2026, growing at a CAGR of 18%. The market is projected to reach USD 43 billion by 2026.

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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