U.S. Fleet Management Market to Exhibit a Remarkable Growth of USD 13,061.39 Million by 2029, Size, Share, Trends, Key Drivers, Growth and Opportunity Analysis

PRESS RELEASE
Published February 13, 2023

DBMR team uses new skills, new thinking, latest tools and innovative programs to help turn out U.S. Fleet Management report which aids clients achieve their goal. This market report is sure to give new wings to the business. Being an international market research report, it contains market research data from different corners of the globe. An experienced pool of language resources and integrated panel base carries out market research analysis across the world. U.S. Fleet Management is the most relevant, unique, fair and creditable global market research report, which has been designed depending upon the business needs.

With a team of multi-lingual analysts and skilled project managers, the U.S. Fleet Management market survey report provide clients on every strategic aspect including product development, application modelling, exploring niche growth opportunities and new markets. The report brings together high quality global market research and wide-ranging multi-country industry specific knowledge of analysts. With this report, it becomes easy to predict investment in an emerging market, expansion of market shares or success of a new product with the help of global market research analysis. Sound facts and figures are represented well with graphs and charts throughout the U.S. Fleet Management report.

U.S. fleet management market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.9% in the forecast period of 2022 to 2029 and is expected to reach USD 13,061.39 million by 2029. The increasing growth of infrastructure projects in the region is driving the growth.

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Key Competitors: U.S. Fleet Management Market

Some of the major players operating in the U.S. fleet management market are AT&T Intellectual Property, Astrata Group, Omnitracs (Acquired by Solera), Wheels, Inc., Geotab Inc., Verizon, Donlen, Cisco Systems, Inc., CalAmp, Mendix Technology BV, Faststream Technologies, Siemens, IBM Corporation, DENSO CORPORATION, Sierra Wireless, Lytx, Inc., Robert Bosch GmbH, ORBCOMM, ARI Fleet Management Company, Azuga, a Bridgestone Company, Element Fleet Management Corp., Vector Fleet Management, Clovity.com, Continental AG, Transflo, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

The 2023 Annual U.S. Fleet Management Market offers:

=> 100+ charts exploring and analyzing the U.S. Fleet Management market from critical angles including retail forecasts, consumer demand, production and more
=> 10+ profiles of top U.S. Fleet Management producing states, with highlights of market conditions and retail trends
=> Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
=> Benchmark wholesale prices, market position, plus prices for raw materials involved in  U.S. Fleet Management type

Key Segmentation:  U.S. Fleet Management Market

  • On the basis of components, the U.S. fleet management market is segmented into solutions and services. In 2022, the solutions segment is expected to dominate the market as fleet management systems are associated with numerous solutions that help maintain and improve fleet operations.
  • On the basis of lease type, the U.S. fleet management market is segmented into on-lease and without lease. In 2022, on lease segment is expected to dominate the market as the options of services and other repairing issues are availed easily by the enterprises through this segment.
  • On the basis of mode of transport, the U.S. fleet management market is segmented into automotive, rolling stock, and marine. In 2022, the automotive segment is expected to dominate the market as businesses and enterprises are solely dependent upon transportation via road in case of import and export.
  • On the basis of hardware, the U.S. fleet management market is segmented into tracking, optimization, ADAS, diagnostics, and others. In 2022, the tracking segment is expected to dominate the market as tracking a fleet can provide you with detailed real-time information about the fleets.
  • On the basis of fleet size, the U.S. fleet management market is segmented into small fleets (1-5 vehicles), medium fleets (5-20 vehicles), and large and enterprise fleets (20-50+ vehicles). In 2022, the small fleets (1-5 Vehicles) segment is expected to dominate the market as small vehicles are more efficient, faster, and thus better utility vehicles.
  • On the basis of communication range, the U.S. fleet management market is segmented into short range communication and long range communication. In 2022, short range communication segment is expected to dominate the market as small magnetic pulses transmit data quickly and efficiently.
  • On the basis of deployment, the U.S. fleet management market is segmented into on-premise, cloud, and hybrid. In 2022, the On-premise segment is expected to dominate the market as it provides visibility to the fleets which are in transition.
  • On the basis of communication type, the U.S. fleet management market is segmented into GNSS, cellular systems, and others. In 2022, the GNSS segment is expected to dominate the market as it provides work-time reports.
  • On the basis of functions, the U.S. fleet management market is segmented into monitoring driver behavior, fuel consumption, asset management, ELD compliance, route management, vehicle maintenance updates, delivery schedule, accident prevention, real-time vehicle location, mobile apps, and others. In 2022, the asset management segment is expected to dominate the market as it is the most important function due to its performance indication property.
  • On the basis of operations, the U.S. fleet management market is segmented into private and commercial. In 2022, the commercial segment is expected to dominate the market as commercial vehicles are the more preferable options for the companies to avail services.
  • On the basis of end user, the U.S. fleet management market is segmented into automotive, government, healthcare, energy & utilities, manufacturing, retail, transportation & logistics, construction, and others. In 2022, the automotive segment is expected to dominate the market due to its rising demand in the fleet management sector.

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Rapid Business Growth Factors

In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that’s helping the market grow faster than usual is the tough competition.

Market Growth Drivers:

Fleet management is the management of commercial vehicle operations at scale. Any company that uses a fleet of vehicles as part of its business model can be said to be doing some form of fleet management. Fleet management is all about keeping costs reasonable, maximizing profitability, and minimizing risk. The purpose of fleet management is to keep track of the performance and maintenance of these vehicles to make sure that the system is running smoothly and potentially look for ways to improve efficiency. Basically, fleet management is about optimization and process improvement. The person in charge of fleet management is usually the fleet manager. Responsibilities of the fleet manager include maintenance and repair of vehicles, resource management (fuel, parts, vehicles, and even drivers themselves), driver training, behavior and safety compliance, asset utilization, risk management, route planning, waste management, overseeing and improving the productivity of the fleet. Rise in demand for monitoring fleets is expected to act as a major driver to the market in this region. However, improper guidance for enabling the routes may restrain the market’s growth.

The rise in demand for utility vehicles is expected to act as major opportunity for the market. On the other hand, excessive rise in cyber threats may act as a major challenge for the market’s growth.

This U.S. fleet management market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.

Insights of the Study

  1. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
  2. Market Penetration: Comprehensive information on the product portfolios of the top players in the U.S. Fleet Management market
  3. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
  4. The key findings and recommendations highlight crucial progressive industry trends in the U.S. Fleet Management Market, thereby allowing players to develop effective long term strategies
  5. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Key Developments in the Market:

  • In May 2021, Verizon announced the release of a new device to track and manage high-value equipment. This new product has helped the company to diversify the product portfolio and widen the offerings to customers to attract new customers
  • In November 2021, Cisco Systems, Inc. developed a strategic partnership with DISH to access hybrid cloud architecture features. This will help the company to offer better data management through cloud service for customers and improve the efficiency of the service and develops user-friendly technologies

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

The table of Contents Is Available Here @ https://www.databridgemarketresearch.com/toc/?dbmr=us-fleet-management-market

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Smart Fleet Management Market, By Mode of Transport (Automotive, Rolling Stock, Marine), Hardware (Tracking, Optimization, Advanced Driver Assistance Systems (ADAS), Remote Diagnostics), Connectivity (Short Range Communication, Long Range Communication, Cloud), Solutions (Vehicle Tracking, Fleet Optimization) – Industry Trends and Forecast https://www.databridgemarketresearch.com/reports/global-smart-fleet-management-market

Fleet Management Market, By Component (Solution, Services), Deployment Mode (On-Premises, Cloud, Hybrid), Fleet Type (Commercial Fleets, Passenger Cars), Management Type (Driver Management, Asset Management, Operation Management), Connectivity Type (Satellite Navigation, Cellular System), End User (Transportation and Logistics, Automotive, Construction, Manufacturing, Utility, Retail, Government, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-fleet-management-market

Canada Fleet Management Market, By Components (Solutions, Services), Lease Type (On-Lease, Without Lease), Mode of Transport (Automotive, Marine, Rolling Stock), Hardware (Tracking, Optimization, ADAS, Diagnostics, and Others), Fleet Size (Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), Large & Enterprise Fleets (20-50+ Vehicles)), Communication Range (Short Range Communication, Long Range Communication), Deployment (On-Premise, Cloud, Hybrid), Communication Type (GNSS, Cellular System, Others), Functions (Asset Management, Route Management, Fuel Consumption, Real-Time Vehicle Location, Delivery Schedule, Accident Prevention, Mobile Apps, Monitor Driver Behaviour, Vehicle Maintenance Updates, ELD Compliance, and Others), Operations (Commercial, Private), End User (Automotive, Transportation, Retail, Manufacturing, Construction, Healthcare, Government, Energy & Utilities, and Others), Country (Canada) https://www.databridgemarketresearch.com/reports/canada-fleet-management-market

U.K. Fleet Management Market, By Components (Solutions, Services), Lease Type (On-Lease, Without Lease), Mode of Transport (Automotive, Marine, Rolling Stock), Hardware (Tracking, Optimization, ADAS, Diagnostics, and Others), Fleet Size (Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), Large & Enterprise Fleets (20-50+ Vehicles)), Communication Range (Short Range Communication, Long Range Communication), Deployment (On-Premise, Cloud, Hybrid), Communication Type (GNSS, Cellular System, Others), Functions (Asset Management, Route Management, Fuel Consumption, Real-Time Vehicle Location, Delivery Schedule, Accident Prevention, Mobile Apps, Monitor Driver Behaviour, Vehicle Maintenance Updates, ELD Compliance, and Others), Operations (Commercial, Private), End User (Automotive, Transportation, Retail, Manufacturing, Construction, Healthcare, Government, Energy & Utilities, and Others), Country (U.K.) https://www.databridgemarketresearch.com/reports/uk-fleet-management-market

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