Fleet Management Market in the Americas Report 2023-2027 - Profiles of 80+ Aftermarket Fleet Management Solution Providers

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Nov 30, 2023, 06:00 ET

DUBLIN, Nov. 30, 2023 /PRNewswire/ -- The "Fleet Management in the Americas - 13th Edition" report has been added to ResearchAndMarkets.com's offering.

This report covers in-depth both OEM and aftermarket players and includes all the latest market data. The number of systems in active use in the Americas is forecasted to grow at a compound annual growth rate (CAGR) of 12.5 percent from 20.6 million units in 2022 to 37.2 million units by 2027.

Commercial vehicle fleets play an essential role for the economy in both North and Latin America. In North America, there are approximately 29.9 million vehicles in commercial use. The number of commercial vehicles in operation in Latin America is estimated to 40.7 million. The fleet management solution market in the Americas has been in a growth period for many years. The global recession associated with the COVID-19 pandemic slowed down activities in 2020-2021 to some extent, but the current outlook is positive in spite of the challenging economic climate. The advanced North American market is among other things driven by regulatory developments such as the ELD mandates in the US and Canada. The Latin American market has often required an educational process to extend the perception of fleet telematics beyond security-related aspects. Latin American fleets have however also started to embrace optimisation functionality to an increasing extent.

The fleet management market is forecast to show healthy growth in 2024-2027. In North America, the number of systems in active use is forecasted to grow at a compound annual growth rate (CAGR) of 12.6 percent from 15.3 million units in 2022 to 27.6 million units by 2027.

The penetration rate in the total population of non-privately owned vehicles in commercial use is estimated to increase from 48.1 percent in 2022 to 75.0 percent in 2027. In Latin America, the number of systems in use is projected to increase from 5.3 million units in 2022, growing at a CAGR of 12.6 percent to reach 9.6 million units in 2027. The penetration rate in the region is estimated to increase from 15.8 percent in 2022 to 27.2 percent in 2027.

Highlights from the report

Insights from 30 new executive interviews with market-leading companies.
New data on vehicle populations and commercial fleets in the Americas.
Comprehensive overview of the fleet management value chain and key applications.
In-depth analysis of market trends and key developments.
Updated profiles of 86 aftermarket fleet management solution providers.
Summary of OEM propositions from commercial vehicle brands.
Revised market forecasts lasting until 2027

Future industry trends

Fleet telematics remains a high-pace IoT market favoured by multiple trends
Vehicle OEMs and aftermarket providers partner for factory-installed telematics
Increasing openness in the fleet telematics space favours joint solutions
Industry consolidation fosters emergence of leading global telematics giants
Specialised providers may thrive as applications are unbundled
Fuel card integration extends the capabilities of fleet telematics
Leading tire manufacturers heavily involved in the fleet telematics space
Hardwired, mobile and hybrid telematics systems to co-exist
The FMCSA now lists nearly 900 self-certified ELDs from diverse players
Upselling of value-added services to drive uptake beyond the ELD basics
Video solutions continue to permeate the fleet market
Fleet insurance telematics is an opportunity to reduce fleet risks and costs
FM providers support management of EVs and fleet electrification processes
The Internet of Transportation Things expands the addressable market

Key Topics Covered:

1 Commercial Vehicle Fleets in the Americas

2 Fleet Management Solutions
2.1 Fleet management infrastructure
2.2 Vehicle management
2.3 Driver management
2.4 Operations management
2.5 Regulatory compliance and reporting
2.6 Business models

3 Market Forecasts and Trends
3.1 Market analysis
3.2 Market drivers and barriers
3.3 Value chain analysis
3.4 Future industry trends

4 OEM Products and Strategies

5 International Aftermarket Solution Providers

6 Regional Aftermarket Solution Providers

Company Profiles:

CalAmp
Canadian Tracking Solutions
Certified Tracking Solutions
Clarience Technologies
CyntrX
Donlen
EROAD
FieldLogix
Fleet Freedom
Fleeteye
FleetHunt
Forward Thinking Systems
GPS Insight
GPS Trackit
GreenRoad
Inseego
IntelliShift
ISAAC Instruments
J. J. Keller
Linxup
Lytx
Motive
ORBCOMM
Pedigree Technologies
Platform Science
Positioning Universal
PosiTrace
Powerfleet
Quartix
RAM Tracking
Rand McNally
Samsara
SkyBitz
Vecima Networks
Zonar Systems
3Dtracking
Autotrac
CarrierWeb
Cobli
Encontrack
FleTrack
Ful-Mar
Global Track
Golfleet
GPS Chile
GPS7000
Grupo UDA
Grupo Ultra
Hawk GPS
Ituran
Linqo
Locatelia
Location World
Mapon
Maxtrack
Navixy
Omnilink
OnixSat
Optimus Fleet
Positron
Rastreo Satelital
Ravex
Redd
RedGPS
Satrack
SHERLOG
SIGhRA
Sitrack
Soltrack
Tracklog
Ubicamovil
Webmaps
WideTech
Wisetrack

For more information about this report visit https://www.researchandmarkets.com/r/704v0l

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