U.K. Fleet Management Market - Industry Trends and Forecast to 2031
The U.K. fleet management market is expected to reach USD 5,909.46 million by 2031 from USD 2,977.92 million in 2023, growing at a CAGR of 9.1% during the forecast period of 2024 to 2031.
Market SegmentationU.K. Fleet Management Market, By Component (Solutions and Services), Lease Type (On-Lease and Without Lease), Mode of Transport (Automotive, Marine, and Rolling Stock), Hardware (Tracking, Optimization, ADAS, Diagnostics, 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 (On-Premise, Cloud, and Hybrid), Communication Type (GNSS, Cellular Systems, and Others), Functions (Asset Management, Route Management, Fuel Consumption, Real Time Vehicle Location, Delivery Schedule, Accident Prevention, ELD Compliance, Mobile Apps, Monitoring
Driver Behaviour, Vehicle Maintenance Updates, Vehicle Maintenance & Diagnostics, and Others), Operations (Commercial and Private), End User (Automotive, Transportation & Logistics, Retail, Manufacturing, Construction, Healthcare, Government, Energy & Utilities, and Others), Country (U.K.) - Industry Trends and Forecast to 2031
Overview of the U.K. Fleet Management Market Dynamics
Driver• Rise in demand for improvement of customer service
Restrain• High initial fleet investments
Opportunity• Rise in the trend of globalization
Market PlayersSome of the key players operating in the U.K. fleet management market are:• AURELIUS
• Holman Inc.
• Continental AG
• Siemens
• AT&T
• IBM Corporation
• MiX Telematics
• TRAXALL
• Verizon
• Zonar Systems Inc.
• Cisco Systems Inc.
• Robert Bosch UK Holdings Ltd
• FleetCheck Limited
• Alphabet
• Midas FMS
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