Europe Smart Fleet Management Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Country-wise Growth Analysis and Identification, Competitive Positioning Review & Market Size Forecast to 2020
Overview
Europe Smart Fleet Management Market size is expected to reach US$ 95.34 Bn by 2026, at a CAGR of 6.2% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Fleet management in other words is the management of commercial motor vehicles like cars, vans, or trucks. It further includes private vehicles required for work purposes or the aviation machinery like planes and helicopters among others. Fleet management include a range of different functions, such as vehicle financing, vehicle tracking and diagnostics, vehicle maintenance. The driver, speed, fuel and management are also included within the fleet management. Smart fleet management include managing fleet through smart devices or wireless connectivity. The smart fleet management has seen immense growth also due to the rise in demand for autonomous vehicles.
To know about the Research Methodology:-Request Free Sample Report
Europe Smart Fleet Management Market Market Dynamics:
Europe Smart Fleet Management Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of XX%
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long-term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Fleet management in other words is the management of commercial motor vehicles like cars, vans, or trucks. It further includes private vehicles required for work purposes or the aviation machinery like planes and helicopters among others. Fleet management include a range of different functions, such as vehicle financing, vehicle tracking and diagnostics, vehicle maintenance. The driver, speed, fuel and management are also included within the fleet management. Smart fleet management include managing fleet through smart devices or wireless connectivity. The smart fleet management has seen immense growth also due to the rise in demand for autonomous vehicles.
Europe Smart Fleet Management Market is classified into transportation, hardware, connectivity, solution and geography. Based on hardware, the market is divided into tracking optimization, ADAS and remote diagnostics. The ADAS or advanced driver assistance systems held the largest market share owing to its high usage in monitoring and delivering real-time data to the drivers for safely driving the car to maintain the security of both the vehicle and the driver. By connectivity, the short-range communication system is the largest segment followed by long-range communication system. Increase in traffic growth along with rise in demand for monitoring shorter distances and getting real-time data to manage traffic jams have led the short-range segment to hold the largest market share in Europe Smart Fleet Management Market.
Europe Smart Fleet Management Market Regional Analysis:
Commercial vehicle fleets play a crucial role in the European economy. According to official statistics of Europe, there were around 36.2 million commercial vehicles that were used in EU23+2 in 2019. It includes the 5.8 million medium and heavy trucks that accounted for more than 75% of all inland transports contributing to the formation of a € 250 billion industry. All the major truck manufacturers within Europe Smart Fleet Management Market offer the OEM telematics solutions as a part of their product portfolio and has incorporated smart solutions for fleet management as well. A major trend in Europe over the past few years has been announcements related to standard line fitment of the fleet management solutions.
Europe on the basis of geography has been segmented into different countries where UK, Germany, and France among others have formed some of the major contributors to this market. Stringent government policies related to higher adoption of smart solutions for protecting drivers and vehicles have been certain major drivers to boost the overall market for smart fleet management in Europe.
Europe Smart Fleet Management Market, Key Highlights:
• Europe Smart Fleet Management Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Europe Smart Fleet Management Market
• Europe Smart Fleet Management Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Europe Smart Fleet Management Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Europe Smart Fleet Management Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Europe Smart Fleet Management Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Key players operated in market ABAX, Quartix, Fleetmatics, Astrata, Forefleet, O2, RSA Smart Fleet, Fleetsmart, Fleet Europe, Sensefields, Global Fleet.
Scope of Europe Smart Fleet Management Market: Inquire before buying
Europe Smart Fleet Management Market by Transportation:
• Automotive
• Rolling Stack
• Marine
Europe Smart Fleet Management Market by Hardware:
• Racking
• Optimization
• ADAS
• Remote Diagnostics
Europe Smart Fleet Management Market by Connectivity:
• Short Range Communication
• Long Range Communication
• Cloud
Europe Smart Fleet Management Market by Solution:
• Vehicle Tracking
• Fleet Optimization
Europe Smart Fleet Management Market by Geography:
• UK
• Germany
• Italy
• France
• Russia
• Spain
• Others
Europe Smart Fleet Management Market, Key Players
• ABAX
• Quartix
• Fleetmatics
• Astrata
• Forefleet
• O2
• RSA Smart Fleet
• Fleetsmart
• Fleet Europe
• Sensefields
• Global Fleet
• Bosch
• Calamp Corporation
• Continental AG
• Denso Corporation
• Globecomm Systems, Inc.
• Orbcomm, Inc.
• IBM Corporation
• TomTom
• Trakm8
• Zonar Systems, Inc.
• Jutha Maritime Public Company Limited