GITNUX MARKETDATA REPORT 2024

Fleet Management Industry Statistics [Fresh Research]

Statistic 1

"Global fleet management market size was valued at USD 19.9 billion in 2020."

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Statistic 2

"The fleet management industry is projected to reach USD 34.0 billion by 2025, at a CAGR of 11.3%."

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Statistic 3

"North America held the largest fleet management market share in 2019 at over 40%."

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Statistic 4

"Asia Pacific fleet management market sales will grow at a 20% CAGR from 2020 to 2026."

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Statistic 5

"The commercial vehicles segment dominated the fleet management market with an 80% revenue share in 2019."

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Statistic 6

"About 85% of investors and executives believe fleet management companies need to leverage AI to remain competitive."

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Statistic 7

"It’s predicted that the rental and leasing services segment will grow at the fastest CAGR of 13.9% from 2021 to 2028."

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Statistic 8

"The connected fleet management market was valued at $15 billion in 2017."

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Statistic 9

"Europe fleet management market revenue was valued at about $5.05 billion in 2017."

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Statistic 10

"It’s estimated that vehicle tracking will dominate the fleet management system components market through 2025."

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Statistic 11

"The overall fleet vehicle leasing market in Europe is estimated to be around 14.7 million vehicles as of 2020."

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Statistic 12

"Over 71% of fleet managers in the U.S. are focusing on adding more electric vehicles to their fleets in the next five years."

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Statistic 13

"By 2024, it’s projected that there will be nearly 20 million vehicles in service fleets across the U.S."

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Statistic 14

"84% of fleet managers measure success by the number of cost savings."

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Statistic 15

"A survey found that 70% of fleets in the UK are influenced by environmental issues when selecting vehicles."

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Statistic 16

"60% of fleet managers report that telematics and connected cars will have the biggest impact on the fleet industry in the next five years."

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Statistic 17

"The transportation industries have the highest usage of fleet management systems with 38% of the market share."

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Statistic 18

"The software component in fleet management is estimated to reach $16,600.8 million by 2023."

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Statistic 19

"The global fleet management market size for private cloud was worth $7.2 billion in 2019."

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Statistic 20

"The global fleet management services market is expected to grow at a CAGR of 7.9% between 2021 and 2026."

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