U.S. Fleet Management Market - Industry Trends and Forecast to 2030
The U.S. fleet management market is expected to reach USD 23,328,622.49 thousand by 2030 from USD 9,877,780.35 thousand in 2022, growing with a CAGR of 11.4% in the forecast period of 2023 to 2030.
Market Segmentation:
U.S. Fleet Management Market, By Offering (Solution and Services), Lease Type (On-Lease and Without Lease), Mode Of Transport (Automotive, Marine, Rolling Stock, and Aircraft), Vehicle Type (Internal Combustion Engines and Electric Vehicle) , Hardware (GPS Tracking Devices, Dash Cameras, Bluetooth Tracking Tags, Data Loggers, and Others), Fleet Size ( Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), and Large & Enterprise Fleets (20-50+ Vehicles), Communication Range (Short-Range Communication and Long-Range Communication), Deployment Model (On-Premise, Cloud, and Hybrid), Technology (GNSS, Cellular Systems, Electronic Data Interchange (EDI), Remote Sensing, Computational Methods & Decision-Making. RFID, and Others), Functions (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), Operations (Private and Commercial), Business Type (Small Business and Large Business), End User (Automotive, Transportation & Logistics, Retail, Manufacturing, Food & Beverages, Energy & Utilities, Mining, Government, Healthcare, Agriculture, Construction, and Others), Country (U.S.) - Industry Trends and Forecast to 2030
Overview of U.S. Fleet Management Market Dynamics
Drivers
• Increase in demand for the logistics due to the e-commerce industry
• Rise in demand for improvement of customer services
Restraints
• Lower efficiency in connectivity
• Improper guidance for enabling the route
Opportunities
• Increase in data-driven models in mobility
• Rise in the demand for utility vehicles
Market Players
Some of the major players operating in the U.S. fleet management market are:• Avis Budget Group
• Enterprise Holdings
• Element Fleet Management Corp.
• Motive Technologies, Inc.
• Deutsche Leasing AG
• Donlen (A Subsidiary of Athene Holding Ltd.)
• Wheels
• LeasePlan
• Sixt Leasing
• Chevin Fleet Solutions
• BERGSTROM AUTOMOTIVE
• Emkay
• TÜV SÜD
• NEXTRAQ
• Rarestep, Inc.
• Capital Lease Group
• Wilmar, Inc.