Fleet management refers to basic systems that provide vehicle surveillance which help manage and operate modern vehicle fleets. Fleet management aims to maximize efficiency, increase productivity and improve safety for an organization's vehicles and drivers. Often this achieved using a combination of vehicle tracking, reporting on fuel consumption, monitoring of driver behavior and management of vehicle maintenance. This report mainly studies fleet management functions and solutions market.
This report aims to provide a comprehensive presentation of the global market for Fleet Management Functions and Solutions study by Market Intellix gives insights concerning the market elements influencing the market, Market scope, Market division, and overlays shadow upon the leading market players featuring the positive cutthroat scene and patterns beating the years.
Global Fleet Management Functions and Solutions Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Fleet Management Functions and Solutions market was valued at 7666.2 million in 2021 and is projected to reach US$ 15530 million by 2028, at a CAGR of 10.6% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Vehicle Management Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Fleet Management Functions and Solutions include Verizon Connect, Trimble, Geotab, Motive Technologies, Omnitracs (Solera), Beijing Chinaway Technology, Bridgestone, Holman Automotive and Mix Telematics, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
The study provides the Fleet Management Functions and Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Segmental Outline:
Global Fleet Management Functions and Solutions Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Fleet Management Functions and Solutions Market Segment Percentages, by Type, 2021 (%)
Vehicle Management
Driver Management
Global Fleet Management Functions and Solutions Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Fleet Management Functions and Solutions Market Segment Percentages, by Application, 2021 (%)
Transport & Logistics
Commercial Fleet
Global Fleet Management Functions and Solutions Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Fleet Management Functions and Solutions Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Fleet Management Functions and Solutions revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Fleet Management Functions and Solutions revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Verizon Connect
Trimble
Geotab
Motive Technologies
Omnitracs (Solera)
Beijing Chinaway Technology
Bridgestone
Holman Automotive
Mix Telematics
PowerFleet
Microlise Holdings
ZF Transics
Orbcomm
This Report Addresses:
– Market Intelligence enables effective decision-making
– Market estimates and forecasts from 2022 to 2028
– Growth opportunities and trend analysis
– Segment and regional revenue forecast for market evaluation
– Competitive strategy and analysis of market segments
– List of product innovations to stay on top.
– The impact of COVID-19 and how to survive in these fast-growing markets.
1 Introduction to Research & Analysis Reports
1.1 Fleet Management Functions and Solutions Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Fleet Management Functions and Solutions Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Fleet Management Functions and Solutions Overall Market Size
2.1 Global Fleet Management Functions and Solutions Market Size: 2021 VS 2028
2.2 Global Fleet Management Functions and Solutions Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Fleet Management Functions and Solutions Players in Global Market
3.2 Top Global Fleet Management Functions and Solutions Companies Ranked by Revenue
3.3 Global Fleet Management Functions and Solutions Revenue by Companies
3.4 Top 3 and Top 5 Fleet Management Functions and Solutions Companies in Global Market, by Revenue in 2021
3.5 Global Companies Fleet Management Functions and Solutions Product Type
3.6 Tier 1, Tier 2 and Tier 3 Fleet Management Functions and Solutions Players in Global Market
3.6.1 List of Global Tier 1 Fleet Management Functions and Solutions Companies
3.6.2 List of Global Tier 2 and Tier 3 Fleet Management Functions and Solutions Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global Fleet Management Functions and Solutions Market Size Markets, 2021 & 2028
4.1.2 Vehicle Management
4.1.3 Driver Management
4.2 By Type - Global Fleet Management Functions and Solutions Revenue & Forecasts
4.2.1 By Type - Global Fleet Management Functions and Solutions Revenue, 2017-2022
4.2.2 By Type - Global Fleet Management Functions and Solutions Revenue, 2023-2028
4.2.3 By Type - Global Fleet Management Functions and Solutions Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Fleet Management Functions and Solutions Market Size, 2021 & 2028
5.1.2 Transport & Logistics
5.1.3 Commercial Fleet
5.2 By Application - Global Fleet Management Functions and Solutions Revenue & Forecasts
5.2.1 By Application - Global Fleet Management Functions and Solutions Revenue, 2017-2022
5.2.2 By Application - Global Fleet Management Functions and Solutions Revenue, 2023-2028
5.2.3 By Application - Global Fleet Management Functions and Solutions Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global Fleet Management Functions and Solutions Market Size, 2021 & 2028
6.2 By Region - Global Fleet Management Functions and Solutions Revenue & Forecasts
6.2.1 By Region - Global Fleet Management Functions and Solutions Revenue, 2017-2022
6.2.2 By Region - Global Fleet Management Functions and Solutions Revenue, 2023-2028
6.2.3 By Region - Global Fleet Management Functions and Solutions Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America Fleet Management Functions and Solutions Revenue, 2017-2028
6.3.2 US Fleet Management Functions and Solutions Market Size, 2017-2028
6.3.3 Canada Fleet Management Functions and Solutions Market Size, 2017-2028
6.3.4 Mexico Fleet Management Functions and Solutions Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe Fleet Management Functions and Solutions Revenue, 2017-2028
6.4.2 Germany Fleet Management Functions and Solutions Market Size, 2017-2028
6.4.3 France Fleet Management Functions and Solutions Market Size, 2017-2028
6.4.4 U.K. Fleet Management Functions and Solutions Market Size, 2017-2028
6.4.5 Italy Fleet Management Functions and Solutions Market Size, 2017-2028
6.4.6 Russia Fleet Management Functions and Solutions Market Size, 2017-2028
6.4.7 Nordic Countries Fleet Management Functions and Solutions Market Size, 2017-2028
6.4.8 Benelux Fleet Management Functions and Solutions Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia Fleet Management Functions and Solutions Revenue, 2017-2028
6.5.2 China Fleet Management Functions and Solutions Market Size, 2017-2028
6.5.3 Japan Fleet Management Functions and Solutions Market Size, 2017-2028
6.5.4 South Korea Fleet Management Functions and Solutions Market Size, 2017-2028
6.5.5 Southeast Asia Fleet Management Functions and Solutions Market Size, 2017-2028
6.5.6 India Fleet Management Functions and Solutions Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America Fleet Management Functions and Solutions Revenue, 2017-2028
6.6.2 Brazil Fleet Management Functions and Solutions Market Size, 2017-2028
6.6.3 Argentina Fleet Management Functions and Solutions Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Fleet Management Functions and Solutions Revenue, 2017-2028
6.7.2 Turkey Fleet Management Functions and Solutions Market Size, 2017-2028
6.7.3 Israel Fleet Management Functions and Solutions Market Size, 2017-2028
6.7.4 Saudi Arabia Fleet Management Functions and Solutions Market Size, 2017-2028
6.7.5 UAE Fleet Management Functions and Solutions Market Size, 2017-2028
7 Players Profiles
7.1 Verizon Connect
7.1.1 Verizon Connect Corporate Summary
7.1.2 Verizon Connect Business Overview
7.1.3 Verizon Connect Fleet Management Functions and Solutions Major Product Offerings
7.1.4 Verizon Connect Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.1.5 Verizon Connect Key News
7.2 Trimble
7.2.1 Trimble Corporate Summary
7.2.2 Trimble Business Overview
7.2.3 Trimble Fleet Management Functions and Solutions Major Product Offerings
7.2.4 Trimble Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.2.5 Trimble Key News
7.3 Geotab
7.3.1 Geotab Corporate Summary
7.3.2 Geotab Business Overview
7.3.3 Geotab Fleet Management Functions and Solutions Major Product Offerings
7.3.4 Geotab Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.3.5 Geotab Key News
7.4 Motive Technologies
7.4.1 Motive Technologies Corporate Summary
7.4.2 Motive Technologies Business Overview
7.4.3 Motive Technologies Fleet Management Functions and Solutions Major Product Offerings
7.4.4 Motive Technologies Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.4.5 Motive Technologies Key News
7.5 Omnitracs (Solera)
7.5.1 Omnitracs (Solera) Corporate Summary
7.5.2 Omnitracs (Solera) Business Overview
7.5.3 Omnitracs (Solera) Fleet Management Functions and Solutions Major Product Offerings
7.5.4 Omnitracs (Solera) Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.5.5 Omnitracs (Solera) Key News
7.6 Beijing Chinaway Technology
7.6.1 Beijing Chinaway Technology Corporate Summary
7.6.2 Beijing Chinaway Technology Business Overview
7.6.3 Beijing Chinaway Technology Fleet Management Functions and Solutions Major Product Offerings
7.6.4 Beijing Chinaway Technology Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.6.5 Beijing Chinaway Technology Key News
7.7 Bridgestone
7.7.1 Bridgestone Corporate Summary
7.7.2 Bridgestone Business Overview
7.7.3 Bridgestone Fleet Management Functions and Solutions Major Product Offerings
7.7.4 Bridgestone Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.7.5 Bridgestone Key News
7.8 Holman Automotive
7.8.1 Holman Automotive Corporate Summary
7.8.2 Holman Automotive Business Overview
7.8.3 Holman Automotive Fleet Management Functions and Solutions Major Product Offerings
7.8.4 Holman Automotive Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.8.5 Holman Automotive Key News
7.9 Mix Telematics
7.9.1 Mix Telematics Corporate Summary
7.9.2 Mix Telematics Business Overview
7.9.3 Mix Telematics Fleet Management Functions and Solutions Major Product Offerings
7.9.4 Mix Telematics Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.9.5 Mix Telematics Key News
7.10 PowerFleet
7.10.1 PowerFleet Corporate Summary
7.10.2 PowerFleet Business Overview
7.10.3 PowerFleet Fleet Management Functions and Solutions Major Product Offerings
7.10.4 PowerFleet Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.10.5 PowerFleet Key News
7.11 Microlise Holdings
7.11.1 Microlise Holdings Corporate Summary
7.11.2 Microlise Holdings Business Overview
7.11.3 Microlise Holdings Fleet Management Functions and Solutions Major Product Offerings
7.11.4 Microlise Holdings Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.11.5 Microlise Holdings Key News
7.12 ZF Transics
7.12.1 ZF Transics Corporate Summary
7.12.2 ZF Transics Business Overview
7.12.3 ZF Transics Fleet Management Functions and Solutions Major Product Offerings
7.12.4 ZF Transics Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.12.5 ZF Transics Key News
7.13 Orbcomm
7.13.1 Orbcomm Corporate Summary
7.13.2 Orbcomm Business Overview
7.13.3 Orbcomm Fleet Management Functions and Solutions Major Product Offerings
7.13.4 Orbcomm Fleet Management Functions and Solutions Revenue in Global Market (2017-2022)
7.13.5 Orbcomm Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
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