Fleet Management Market Size

The global market for Fleet Management was valued at US$ 9740 million in the year 2024 and is projected to reach a revised size of US$ 14280 million by 2031, growing at a CAGR of 5.7% during the forecast period.

Fleet management (FM) is broadly used to define solutions for different vehicle related applications. Fleet management solution is a vehicle-based system which is similar to GPS but the difference is it also used for logging in data to the systems, GPS and data communication to a back office application.

The automotive segment held the largest market share in 2017 and is expected to register the fastest growth over the forecast period.

This report aims to provide a comprehensive presentation of the global market for Fleet Management, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Fleet Management.

The Fleet Management market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Fleet Management market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Fleet Management companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Fleet Management Market Trends

• Increase in adoption of wireless technology
• Obligatory incorporation of ELD
• Growing need for operational competency in fleet management

Key Companies

• AT&T
• Donlen
• Geotab
• LeasePlan
• Masternaut
• Merchants Fleet Management
• Omnitracs
• Teletrac Navman
• Trimble
• Verizo
• Wheels
• WorkWave

Segment by Type

• Operations Management
• Information Management
• Risk Management
• Vehicle Maintenance and Leasing
• Safety and Compliance Management
• Others

Segment by Application

• Light Commercial Vehicles (LCVs)
• Medium and Heavy Commercial Vehicles (M&HCVs)

Report Metric	Details
Report Name	Fleet Management Market
Accounted market size in 2023	US$ 9740 million
Forecasted market size in 2030	US$ 14280 million
CAGR	5.4%
Base Year	2024
Forecasted years	2024 - 2031
Segment by Type	Operations Management, Information Management, Risk Management, Vehicle Maintenance and Leasing, Safety and Compliance Management
Segment by Application	Light Commercial Vehicles (LCVs), Medium and Heavy Commercial Vehicles (M&HCVs)
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	AT&T, Donlen, Geotab, LeasePlan, Masternaut, Merchants Fleet Management, Omnitracs, Teletrac Navman, Trimble, Verizo, Wheels, WorkWave
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends