Commercial Vehicle Fleet Management System Market to grow by USD 8.16 Bn by 2022, Market Segmentation by Product and Geography - Technavio

NEW YORK, Oct. 19, 2022 /PRNewswire/ -- The commercial vehicle fleet management system market is expected to grow by USD 8.16 billion during 2021-2026 according to the latest market research report by Technavio. As per Technavio, the growing popularity of the 360deg fleet management system(FMS) will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2026. Request Free Sample Report.

The significant cost pressure on fleet operators is one of the main reasons propelling growth in the commercial vehicle fleet management system market. Fleet operators are facing a major problem as a result of increasing cost pressure brought on by fuel price volatility and inefficient fleet operations. As a result, they are implementing cost optimization techniques.

Improved transmission technology and design also contribute to increased fuel economy and mileage. Data collected by each component will be a great source of information to improve the design parameters of the components as FMS aids in the remote monitoring of vehicle components.

However, The market for commercial vehicle fleet management systems would face significant obstacles due to the high cost of FMS. Initial setup expenses for FMS include a license, setup, and installation fee as well as payments for customization and system integration. Buy Sample Report.

• Product –
• Third-party 
• The third-party segment's market share rise in commercial vehicle fleet management systems will be significant. As fleet operators implement FMS for their current CVs, which will drive the segment's growth, the third-party FMS segment will maintain its dominance over the global commercial vehicle FMS market and will increase its market share over the forecast period. Fleet owners are supplying their current fleets with FMS through third-party providers as FMS gains popularity. Throughout the projection period, this will fuel the third-party FMS segment's growth.
• OEM
• Geography –
• APAC 
• APAC will account for 37% of market growth. The main markets in APAC for commercial vehicle fleet management systems are China, India, and Japan. This region's market will expand more quickly than those in other areas. Over the projection period, the commercial vehicle fleet management system market in APAC will expand due to the rising need for fleet management and vehicle tracking services.
• North America
• Europe
• South America
• Middle East and Africa

The market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• AT and T Inc.
• Azuga Inc.
• Faststream Technologies
• Fleetx Technologies Pvt. Ltd.
• Geotab Inc.
• Jaama Ltd.
• Masternaut Ltd.
• Microlise Group Plc
• Numadic Ltd.
• Omnitracs LLC

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report. 

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Third Party - Market size and forecast 2021-2026
• Exhibit 28: Chart on Third Party - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Third Party - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Third Party - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Third Party - Year-over-year growth 2021-2026 (%)

• 5.4 OEM - Market size and forecast 2021-2026
• Exhibit 32: Chart on OEM - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on OEM - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on OEM - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on OEM - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product 
• Exhibit 36: Market opportunity by Product ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 India - Market size and forecast 2021-2026
• Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.12 Japan - Market size and forecast 2021-2026
• Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 AT and T Inc. 
• Exhibit 89: AT and T Inc. - Overview
• Exhibit 90: AT and T Inc. - Business segments
• Exhibit 91: AT and T Inc. - Key offerings
• Exhibit 92: AT and T Inc. - Segment focus

• 10.4 Continental AG 
• Exhibit 93: Continental AG - Overview
• Exhibit 94: Continental AG - Business segments
• Exhibit 95: Continental AG - Key news
• Exhibit 96: Continental AG - Key offerings
• Exhibit 97: Continental AG - Segment focus

• 10.5 Garmin Ltd. 
• Exhibit 98: Garmin Ltd. - Overview
• Exhibit 99: Garmin Ltd. - Business segments
• Exhibit 100: Garmin Ltd. - Key offerings
• Exhibit 101: Garmin Ltd. - Segment focus

• 10.6 Geotab Inc. 
• Exhibit 102: Geotab Inc. - Overview
• Exhibit 103: Geotab Inc. - Product / Service
• Exhibit 104: Geotab Inc. - Key offerings

• 10.7 Masternaut Ltd. 
• Exhibit 105: Masternaut Ltd. - Overview
• Exhibit 106: Masternaut Ltd. - Product / Service
• Exhibit 107: Masternaut Ltd. - Key offerings

• 10.8 Microlise Group Plc 
• Exhibit 108: Microlise Group Plc - Overview
• Exhibit 109: Microlise Group Plc - Product / Service
• Exhibit 110: Microlise Group Plc - Key offerings

• 10.9 Omnitracs LLC 
• Exhibit 111: Omnitracs LLC - Overview
• Exhibit 112: Omnitracs LLC - Product / Service
• Exhibit 113: Omnitracs LLC - Key offerings

• 10.10 TomTom International BV 
• Exhibit 114: TomTom International BV - Overview
• Exhibit 115: TomTom International BV - Business segments
• Exhibit 116: TomTom International BV - Key offerings
• Exhibit 117: TomTom International BV - Segment focus

• 10.11 Trimble Inc. 
• Exhibit 118: Trimble Inc. - Overview
• Exhibit 119: Trimble Inc. - Business segments
• Exhibit 120: Trimble Inc. - Key offerings
• Exhibit 121: Trimble Inc. - Segment focus

• 10.12 Verizon Communications Inc. 
• Exhibit 122: Verizon Communications Inc. - Overview
• Exhibit 123: Verizon Communications Inc. - Business segments
• Exhibit 124: Verizon Communications Inc. - Key offerings
• Exhibit 125: Verizon Communications Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 126: Inclusions checklist
• Exhibit 127: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 128: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 129: Research methodology
• Exhibit 130: Validation techniques employed for market sizing
• Exhibit 131: Information sources

• 11.5 List of abbreviations 
• Exhibit 132: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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