Europe Fleet Management Market – Industry Trends and Forecast to 2033
The Europe fleet management market is expected to reach USD 20,034,952.81 thousand by 2031 from USD 7,245,244.90 thousand in 2023, growing with a CAGR of 13.8% in the forecast period of 2024 to 2031.
Market SegmentationEurope Fleet Management Market, By Mode of Transport (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle), Offering (Solutions and Services), Lease Type (On-Lease and Without Lease), Vehicle Type (Internal Combustion Engine and Electric Vehicle), Hardware (GPS Tracking Devices, DASH Cameras, Bluetooth Tracking Tags, Data Loggers, and Others), Fleet Size (Small Fleets (Less than 100 Vehicles), Medium Fleets (100-500 Vehicles), and Large and Enterprise Fleets (500+ Vehicles)), Deployment Model (On-Premise, Cloud, and Hybrid), Technology (GNSS, Cellular Systems, Electronic Data Interchange (EDI), Remote Sensing, Computational Method & Decision Making, RFID, and Others), Functions (Asset Management, Route Management, Fuel Consumption, Real Time Vehicle Location, Delivery Schedule, Accident Prevention, Mobile Apps, Monitoring
Driver Behavior, Vehicle Maintenance Updates, ELD Compliance, and Others), Communication Range (Short Range Communication and Long Range Communication), Operations (Commercial and Private), Business Type (Large Business and Small Business), Country (Germany, U.K., France, Italy, Netherlands, Spain, Russia, Switzerland, Turkey, Belgium, Poland, Sweden, Denmark, Norway, Finland, and Rest of Europe) - Industry Trends and Forecast to 2031
Overview of Europe Fleet Management Market Dynamics
Driver• Increasing demand for logistics due to the e-commerce industry
Restraint• Issues related to low efficiency in connectivity
Opportunity • Rising trend of globalization
Market PlayersSome of the major market players operating in the Europe fleet management market are:• ALD Automotive
• Avrios
• Azuga
• Chevin Fleet Solutions
• Deutsche Leasing AG
• Donlen
• Element Fleet Management Corp.
• Emkay
• Enterprise Holdings, Inc.
• Fleetcare Pty Ltd.
• FleetCompany GmbH
• FMS Tech.
• Geotab Inc.
• Motive Technologies, Inc.
• NEXTRAQ, LLC
• Omnitracs
• Oracle Corporation
• OviDrive B.V.
• Rarestep, Inc.
• TRAXALL
• TÜV SÜD
• Wheels
• Wilmar Inc.
• Zonar Systems, Inc.