Press Releases
 
Fleet Management Solution Market: Presence of Leading Fleet Management Companies in North America to

Fleet Management Solution Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

United States, 19 May 2017 -- Despite the presence of a large number of companies, the competitive landscape of the global fleet management market witnessed the dominance of few leading players, with the top five companies collectively accounting for a massive 80% of the overall market in 2016, states Transparency Market Research in a recent report.

These leading vendors, namely Wheels, Inc., TomTom Telematics BV., Element Fleet Management Corp., Emkay, Inc., and Magellan Navigation, Inc. resort to growth strategies such as product innovation, technological developments in their offerings, and offering tailored solutions to strengthen their market positions.

Obtain Report Details @
http://www.transparencymarketresearch.com/fleet-management-solution-market.html

Acquisitions and collaborations are also preferred growth strategy adopted by companies to enhance revenue growth and add to their product portfolios and consumer base. A recent instance is the collaboration between TomTom Telematics BV and German Broadcast organization ARD. The collaboration allowed TomTom Telematics BV to benefit from ARD’s verbal Radio Traffic Alerts, which are already used by 22 Radio broadcast stations.

Vehicle Management Solutions Segment to Exhibit Strong Growth

On the basis of type, the segment of operations management solutions is expected to hold the dominant share in the global fleet management solution market over the forecast period. The segment of vehicle management solutions, however, is expected to emerge as the most promising segment, expected to expand at a CAGR of 24.7% from 2017 to 2025. Growth of the vehicle management solutions will be primarily attributable to the increased demand for energy efficient and green fleets.

In terms of geography, the market across North America is expected to be the leading revenue contributor to the global fleet management solution market over the report’s forecast period, with the U.S. providing most of the revenue. The presence of key industry players along with support from the original equipment manufacturers is expected to drive the market for fleet management solutions in the region.

Rising Demand for Fleet Management Analytics to Remain Key to Growth

The global market for fleet management solutions is market is expected to significantly benefit from the rising adoption of fleet management analytics across industries that spend a sizeable chunk of their operational costs on transportation. Efficient analytical tools in fleet management solutions allow companies to monitor and find ways of reducing costs incurred during activities such as driver management, vehicle management, and operations management. Moreover, efficient analytical data providing companies the ways of reducing fuel consumed by work vehicles help them effectively comply with government regulations regarding fuel consumption. These factors are expected to remain the core drivers of the global fleet management solution market.

The market is also expected to benefit from the increasing shift of fleet management companies towards smaller fleets is also anticipated to lead to the increased demand for fleet management solutions in the next few years. Fleet management companies are preferring smaller vehicles in an attempt to benefit from lower total cost of ownership (TCO) as compared to heavy vehicles and the better fuel efficiency of smaller vehicles.

Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24092

Fluctuating Fuel Costs and Intense Cost-based Competition to Hinder Growth

Although the market for fleet management solutions has vast growth opportunities in the near future, its development is expected to get arrested to an extent due to factors such as the demand for lower-cost solutions and the fluctuating fuel prices on the global front. The demand for reducing the already-reduced costs of fleet management solutions is, especially, projected to lead a major blow on the profit margins of companies operating in the market.

Nevertheless, the market is expected to benefit from factors such as technological advancements in the automotive industry and projected introduction of several new varieties of autonomous cars and connected vehicles in the near future. Such advanced technologies are anticipated to fuel the global demand for effective fleet management solutions.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

# # #


Submitted by danny, . on Friday, 19 May 2017 at 6:56 PM
Category: News & Media
 
Related News

Frugal Travel Tips For Barcelona, Spain
Sunday, 28 May 2017

Find out the Beauty of Bird Watching Tours in Belgium
Sunday, 28 May 2017

4 Step Guide to Selecting Your Perfect Corporate Gift idea
Saturday, 27 May 2017

Fiber Channel Over Ethernet Market - Trends, Growth Propellers, Segmentation And Top Players 2020
Friday, 26 May 2017

Unified Threat Management Market - Geographical and Competitive Dynamics, Report Overview 2019
Friday, 26 May 2017

Related Events

4 Step Guide to Selecting Your Perfect Corporate Gift idea
Saturday, 27 May 2017

Latest News

France Travel Guidance For Any Traveler Going To France
Monday, 29 May 2017

Hebei Meite Boxing Auto Parts Manufacture Co. Ltd Presenting Metal Stamping Manufactured Products
Monday, 29 May 2017

Skiing For the duration of Austria Travel
Monday, 29 May 2017

Top Five Reasons to Pay a visit to Czech Republic
Monday, 29 May 2017

Zhejiang Mandexi Electric Equipment Co. Ltd launches power transmission & distribution equipments
Monday, 29 May 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Monday, 29 May 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Children’s Season at the National Museum
  • Gold Ore Crusher Structure and Performance
  • 4 Step Guide to Selecting Your Perfect Corporate Gift idea
  • European Human Genetics Conference 2017
  • euroPLX 64 Vienna Pharma Partnering

  • Latest Jobs
  • London Investment Property
  • We Are Hiring A Content Manager!