Fleet Management Market worth $53.7 billion by 2026
" COVID-19 impact Fleet Management market, size, share, growth, and forecast 2020-2026 "
Fleet management helps to manage the functions of the vehicles used for commercial purposes by making efficient usage of the fleet to optimize transport costs. Lack of management in the fleet activities can result in a great impact on an organized operation. The commonly observed vehicles in fleet management are cars, trucks, commercial flights, ships, and buses.
The market is majorly enhanced by factors such as the increasing preference of fleet managers on operational performance efficiency, decreasing prices of hardware and internet of things connectivity resulted in high growth in the adoption of fleet management, and moreover, the restricted government regulations provide new revenues for the companies in the market.
Launching independent fleets are providing a number of collaboration opportunities for the players. But somehow, the safety of the driver and the productivity affecting the vehicle availability time is a hindrance to the market.
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Fleet Management Market research report titled as “Fleet Management Market segmented by Solutions, Services, Fleet Type and Geography – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2026”
The Fleet Management Market report also gives the analysis of the top companies - ARI Fleet Management, Azuga, Chevin Fleet Solutions, Donlen Corporation, GPS Insight, and Masternaut.
North America is widely adopting the fleet management solutions, and the stern government mandates on the usage of electronic logging devices in commercial fleets are the reasons which are supporting the high demand in this region.
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Fleet Management Market is segmented on the bases of solutions, services, components, fleet type, and geography.
Solutions: Market Size & Analysis
- Operations Management
- Performance Management
- Vehicle Maintenance and Diagnostics
- Fleet Analytics and Reporting
Services: Market Size & Analysis
- Professional Services
- Managed Services
Fleet Type: Market Size & Analysis
- Commercial Fleets
- Passenger Cars
Geography: Market Size & Analysis
- North America
- Asia Pacific
- Rest of the World