Fleet Management in South Africa 7th Edition

Fleet Management in South Africa 7th Edition

Fleet Management in South Africa is the seventh consecutive report from Berg Insight analysing the latest developments on the South African fleet management market. The report also includes an outlook on the rest of the African market beyond South Africa. This strategic research report from Berg Insight provides you with 120 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

Fleet Management in South Africa 7th Edition

Berg Insight expects a relatively strong growth period for fleet management in South Africa in theyears to come. The number of fleet management (FM) systems in active use is forecasted togrow at a compound annual growth rate (CAGR) of 10.3 percent from about 2.3 million units atthe end of 2023 to reach 3.8 million units by 2028. The penetration rate in the total population offleet vehicles used by businesses is at the same time estimated to increase from 47.3 percent in2023 to 70.0 percent in 2028. South Africa is a relatively mature telematics market and thepenetration rate is comparably high from an international perspective. Far from all deploymentsare however full-scale advanced fleet management solutions. A notable share of the installedfleet telematics systems is represented by comparably low-end tracking systems, e.g. light FMsolutions, including SVR systems extended with basic FM features.

The South African fleet management market is clearly dominated by five domestic players withbroad telematics portfolios that together represent 70 percent of the total number of fleetmanagement systems in use in the country. Berg Insight ranks Cartrack, Tracker and MiX by Powerfleet (formerly known as MiX Telematics prior to the business combination with Powerfleet) as the largest providers of fleet management solutions in South Africa. Cartrack alone has well over half a million active FM units in the country. The remaining top-5 players are Ctrack and Netstar. Other top-10 players on the South African fleet management market include local providers such as Bidtrack (Bidvest Group), Digicell and GPS Tracking Solutions (Eqstra Fleet Management), as well as international players including Lytx and Webfleet (Bridgestone). Gurtam, Autotrak, Digital Matter, Scania and Powerfleet (excluding MiX by Powerfleet) are additional top-15 providers. Players just outside of the top list with at least an estimated 10,000 units include Key Telematics (Radius), FleetCam, iCAM Video Telematics, Geotab, Mtrack (Electronic Tracking Systems) and Globaltrack. In addition to Scania, comparably large installed bases of OEM fleet telematics systems in South Africa have also been achieved by manufacturers such as Volvo Trucks, Daimler Truck and UD Trucks.