Fleet management market: Driven by an increase in mergers and acquisitions - Technavio

NEW YORK, Feb. 10, 2023 /PRNewswire/ -- The fleet management market size is forecast to increase by USD 57,278.74 million from 2022 to 2027, at a CAGR of 18.77%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 24,568.92 million. The growth of the market will be driven by the growing need for operational efficiency, an increase in mergers and acquisitions, and the growing popularity of cold chain transportation. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including AT and T Inc., Avrios International AG, Azuga Inc., Chevin Fleet Solutions, ClearPathGPS Inc., Donlen Corp., Element Fleet Management Corp., Fleetio, Fleetonomy, GURTAM, Holman Inc., MiX Telematics Ltd., Motive Technologies Inc., Omnitracs LLC, OTS Group Ltd., Samsara Inc., Teletrac Navman US Ltd., TomTom International BV, Trimble Inc., and Verizon Communications Inc.

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Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

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The market is segmented by service (subscription, hardware, and others), vehicle type (commercial fleets and passenger cars), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Segmentation by Service (Inclusion/Exclusion)

• The market growth in the subscription segment will be significant during the forecast period. The market comprises many vendors that offer subscription-based fleet management services. Subscription-based services are highly preferred among end-users. These services enable customers to efficiently manage, optimize, and protect their investments in their commercial fleets and personal vehicles. Such benefits are driving the growth of the segment.

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What are the key data covered in this fleet management market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the fleet management market between 2023 and 2027
• Precise estimation of the size of the fleet management market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the fleet management market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of fleet management market vendors

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Table of contents:

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 Service
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global fleet management market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global fleet management market 2017 - 2021 ($ million)

• 4.2 Service Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Service Segment 2017 - 2021 ($ million)

• 4.3 Vehicle Type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Vehicle Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Service

• 6.1 Market segments 
• Exhibit 30: Chart on Service - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Service - Market share 2022-2027 (%)

• 6.2 Comparison by Service 
• Exhibit 32: Chart on Comparison by Service
• Exhibit 33: Data Table on Comparison by Service

• 6.3 Subscription - Market size and forecast 2022-2027
• Exhibit 34: Chart on Subscription - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Subscription - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Subscription - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Subscription - Year-over-year growth 2022-2027 (%)

• 6.4 Hardware and others - Market size and forecast 2022-2027
• Exhibit 38: Chart on Hardware and others - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Hardware and others - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Hardware and others - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Hardware and others - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Service 
• Exhibit 42: Market opportunity by Service ($ million)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments 
• Exhibit 43: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type 
• Exhibit 45: Chart on Comparison by Vehicle Type
• Exhibit 46: Data Table on Comparison by Vehicle Type

• 7.3 Commercial fleets - Market size and forecast 2022-2027
• Exhibit 47: Chart on Commercial fleets - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Commercial fleets - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Commercial fleets - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Commercial fleets - Year-over-year growth 2022-2027 (%)

• 7.4 Passenger cars - Market size and forecast 2022-2027
• Exhibit 51: Chart on Passenger cars - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Vehicle Type 
• Exhibit 55: Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 AT and T Inc. 
• Exhibit 108: AT and T Inc. - Overview
• Exhibit 109: AT and T Inc. - Business segments
• Exhibit 110: AT and T Inc. - Key news
• Exhibit 111: AT and T Inc. - Key offerings
• Exhibit 112: AT and T Inc. - Segment focus

• 12.4 Avrios International AG 
• Exhibit 113: Avrios International AG - Overview
• Exhibit 114: Avrios International AG - Product / Service
• Exhibit 115: Avrios International AG - Key offerings

• 12.5 Azuga Inc. 
• Exhibit 116: Azuga Inc. - Overview
• Exhibit 117: Azuga Inc. - Product / Service
• Exhibit 118: Azuga Inc. - Key offerings

• 12.6 Chevin Fleet Solutions 
• Exhibit 119: Chevin Fleet Solutions - Overview
• Exhibit 120: Chevin Fleet Solutions - Product / Service
• Exhibit 121: Chevin Fleet Solutions - Key offerings

• 12.7 ClearPathGPS Inc. 
• Exhibit 122: ClearPathGPS Inc. - Overview
• Exhibit 123: ClearPathGPS Inc. - Product / Service
• Exhibit 124: ClearPathGPS Inc. - Key offerings

• 12.8 Donlen Corp. 
• Exhibit 125: Donlen Corp. - Overview
• Exhibit 126: Donlen Corp. - Product / Service
• Exhibit 127: Donlen Corp. - Key offerings

• 12.9 Fleetio 
• Exhibit 128: Fleetio - Overview
• Exhibit 129: Fleetio - Product / Service
• Exhibit 130: Fleetio - Key offerings

• 12.10 MiX Telematics Ltd. 
• Exhibit 131: MiX Telematics Ltd. - Overview
• Exhibit 132: MiX Telematics Ltd. - Business segments
• Exhibit 133: MiX Telematics Ltd. - Key news
• Exhibit 134: MiX Telematics Ltd. - Key offerings
• Exhibit 135: MiX Telematics Ltd. - Segment focus

• 12.11 Motive Technologies Inc. 
• Exhibit 136: Motive Technologies Inc. - Overview
• Exhibit 137: Motive Technologies Inc. - Product / Service
• Exhibit 138: Motive Technologies Inc. - Key offerings

• 12.12 Omnitracs LLC 
• Exhibit 139: Omnitracs LLC - Overview
• Exhibit 140: Omnitracs LLC - Product / Service
• Exhibit 141: Omnitracs LLC - Key offerings

• 12.13 Samsara Inc. 
• Exhibit 142: Samsara Inc. - Overview
• Exhibit 143: Samsara Inc. - Product / Service
• Exhibit 144: Samsara Inc. - Key offerings

• 12.14 Teletrac Navman US Ltd. 
• Exhibit 145: Teletrac Navman US Ltd. - Overview
• Exhibit 146: Teletrac Navman US Ltd. - Product / Service
• Exhibit 147: Teletrac Navman US Ltd. - Key offerings

• 12.15 TomTom International BV 
• Exhibit 148: TomTom International BV - Overview
• Exhibit 149: TomTom International BV - Business segments
• Exhibit 150: TomTom International BV - Key offerings
• Exhibit 151: TomTom International BV - Segment focus

• 12.16 Trimble Inc. 
• Exhibit 152: Trimble Inc. - Overview
• Exhibit 153: Trimble Inc. - Business segments
• Exhibit 154: Trimble Inc. - Key offerings
• Exhibit 155: Trimble Inc. - Segment focus

• 12.17 Verizon Communications Inc. 
• Exhibit 156: Verizon Communications Inc. - Overview
• Exhibit 157: Verizon Communications Inc. - Business segments
• Exhibit 158: Verizon Communications Inc. - Key offerings
• Exhibit 159: Verizon Communications Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 160: Inclusions checklist
• Exhibit 161: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 162: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 163: Research methodology
• Exhibit 164: Validation techniques employed for market sizing
• Exhibit 165: Information sources

• 13.5 List of abbreviations 
• Exhibit 166: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

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

SOURCE Technavio

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