Fleet Management Industry in Europe, Outlook to 2023

This strategic research report provides you with 265 pages of unique business intelligence, including 5-year industry forecasts, expert commentary and real-life case studies on which to base your business decisions.

The installed base of FM systems to reach 17.6 million units by 2023

Commercial vehicle fleets play an essential role in the European economy. According to official statistics there were 38.6 million commercial vehicles in use in EU23+2 in 2016. The 6.2 million medium and heavy trucks accounted for more than 75 percent of all inland transports, forming a 250 billion industry. Approximately 0.8 million buses and coaches stood for 9.3 percent of all passenger kilometres. The greater part of the 31.6 million light commercial vehicles (LCV) in Europe was used by mobile workers and for activities such as distribution of goods and parcels. Last but not least, there are an estimated 21.0 million passenger cars owned by companies and governments.

Highlights from the fourteenth edition of this report:

  • Insights from 50 new executive interviews with market leading companies.
  • New data on vehicle populations and commercial fleets in Europe.
  • Comprehensive overview of the fleet management value chain and key applications.
  • In-depth analysis of market trends and key developments.
  • Updated and new profiles of 105 aftermarket fleet management solution providers.
  • Summary of OEM propositions from truck, trailer and construction equipment brands.
  • Revised market forecasts lasting until 2023.

This report answers the following questions:

  • What are the key drivers behind the adoption of FMS in Europe?
  • What is the geographical and ownership structure of commercial vehicle fleets in Europe?
  • Who are the leading international and regional providers of aftermarket fleet management solutions in Europe?
  • What offerings are available from truck, trailer and construction equipment OEMs?
  • What impact will the launch of standard factory installed FM systems from the OEMs have on the market?
  • What are the FMS vendors' hardware strategies and thoughts on BYOD?
  • Will the FM industry consolidate further during 2020?
  • How will the commercial vehicle telematics industry evolve in the future?

The analyst is of the opinion that the European fleet management market has entered a growth period that will last for several years to come. Individual markets may however suffer temporary setbacks, depending on the local economic developments. The number of fleet management systems in active use is forecasted to grow at a compound annual growth rate of 14.1 percent from 9.1 million units at the end of 2018 to 17.6 million by 2023. The penetration rate in the total population of non-privately owned commercial vehicles and cars is estimated to increase from 17.4 percent in 2018 to 32 percent in 2023.

A group of international aftermarket solution providers have emerged as the leaders on the European fleet management market. The Publisher ranks Webfleet Solutions (formerly TomTom Telematics) as the largest vendor in Europe at the end of 2018 with 770,000 subscribers in the region, followed by Verizon Connect in second place with 300,000 subscribers. Transics is ranked as the largest player in the aftermarket heavy trucks segment with an estimated 136,000 active units installed.

Other significant players include European companies such as ABAX, Masternaut, Targa Telematics, Microlise, Viasat, Bornemann, OCEAN (Orange), Macnil, GSGroup, Quartix, Eurowag Telematics, Trakm8, Optimum Automotive, Connexas Group and Vehco and international players like Trimble and Teletrac Navman from the US, Fleet Complete from Canada, Astrata Europe from Singapore and the South African telematics providers Ctrack (Inseego), Cartrack and MiX Telematics.

Read more: https://www.prnewswire.com/news-releases/fleet-management-industry-in-europe-outlook-to-2023-includes-profiles-of-105-aftermarket-fleet-management-solution-providers-300971404.html