U.K. Fleet Management Market | Value and Size Expected to Reach USD 5,272.17 million at CAGR of 9.6%| Forecast Period 2022-2029
U.K. fleet management market is expected to gain market growth in the forecast period
of 2022 to 2029. Data Bridge Market Research analyses that the market is
growing with a CAGR of 9.6% in the forecast period of 2022 to 2029 and is
expected to reach USD 5,272.17 million by 2029. The increasing growth of
infrastructure projects in the region is driving the growth.
Key Questions Answered in The Report:
·
What are the key
market trends impacting the growth of the U.K. Fleet Management Market?
·
Who are the key
market players and what are their strategies in the U.K. Fleet Management
Market?
·
Who are the
Leading key players and what are their Key Business plans in the near future?
·
What will be the U.K.
Fleet Management Market growth rate and size in the coming year?
·
What are the main
key factors driving the U.K. Fleet Management Market?
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Key Issues Addressed:
•
To define, describe and forecast the market by
type, application and region.
•
To analyse the key regions market potential and
advantage, opportunity and challenge, restraints and risks.
•
To analyse and study the sales, revenue, status
and forecast.
•
To strategically analyse each submarket with
respect to individual growth trend and their contribution to the market.
•
To strategically profile the key players and
comprehensively analyse their growth strategies.
•
To study the sales, revenue and market share of
top players in main regions.
•
Focuses on the key players, to study the sales,
revenue, market share and development plans in future.
•
To identify significant trends and factors
driving or inhibiting the market growth.
U.K. Fleet
Management Market Scope and Market Size
U.K. fleet
management market is segmented into eleven notable segments based on
components, lease type, mode of transport, hardware, fleet size, communication
range, deployment, communication type, functions, operations, and end user.
·
On the
basis of components, the U.K. fleet management market is segmented into
solutions and services. In 2022, the solutions segment is expected to dominate
the market as passive U.K. fleet management provides comprehensive solutions
for the management of fleets such as car wash, fuel issues, tracking systems,
and many more.
·
On the
basis of lease type, the U.K. fleet management market is segmented into
on-lease and without lease. In 2022, on lease segment is expected to dominate
the market because it becomes easier for the companies to operate the fleet
management services.
·
On the
basis of mode of transport, the U.K. fleet management market is segmented into
automotive, rolling stock, and marine. In 2022, the automotive segment is
expected to dominate the market as a maximum of the fleet management scenarios
are offered in the automotive section or on-road vehicles.
·
On the
basis of hardware, the U.K. fleet management market is segmented into tracking,
optimization, ADAS, diagnostics, and others. In 2022, the tracking segment is
expected to dominate the market as it gives the perfect analysis of where the
fleets are and how they are performing.
·
On the
basis of fleet size, the U.K. fleet management market is segmented into small
fleets (1-5 vehicles), medium fleets (5-20 vehicles), and large &
enterprise fleets (20-50+ vehicles). In 2022, the small fleets (1-5 Vehicles)
segment is expected to dominate the market because of its cost-efficiency.
·
On the
basis of communication range, the U.K. fleet management market is segmented
into short range communication and long range communication. In 2022, short
range communication segment is expected to dominate the market as short range
magnetic signals are easily detected and are associated with less amount of
external noises.
·
On the
basis of deployment, the U.K. fleet management market is segmented into
on-premise, cloud, and hybrid. In 2022, the On-premise segment is expected to
dominate the market as it is important to access the in-transit fleets with full
visibility.
·
On the
basis of communication type, the U.K. fleet management market is segmented into
GNSS, cellular systems, and others. In 2022, the GNSS segment is expected to
dominate the market as it reduces costs.
·
On the
basis of functions, the U.K. fleet management market is segmented into
monitoring driver behavior, fuel consumption, asset management, ELD compliance,
route management, vehicle maintenance updates, delivery schedule, accident
prevention, real-time vehicle location, mobile apps, and others. In 2022, the
asset management segment is expected to dominate the market as it helps to
detect the performance analysis of the fleets in a very precise manner.
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Some of the key questions answered in this
report:
·
How has the U.K. Fleet Management Market
performed so far and how will it perform in the coming years?
·
What are the key regional markets?
·
What is the breakup of the market based on the
procedure?
·
What is the breakup of the market based on the
injury location?
·
What is the breakup of the market based on the
end user?
·
What are the various stages in the value chain
of the industry?
·
What are the key driving factors and challenges
in the industry?
·
What is the structure of the U.K. Fleet
Management Market and who are the key players?
·
What is the degree of competition in the
industry?
Market Analysis and
Insights: U.K. Fleet Management Market
·
Fleet management is the management of commercial
vehicle operations at scale. Any company that uses a fleet
of vehicles as part of its business model can be said to be doing
some form of fleet management. Fleet management is all about keeping costs
reasonable, maximizing profitability, and minimizing risk.
·
The purpose of fleet management is to keep track
of the performance and maintenance of these vehicles to make sure that the
system is running smoothly and potentially look for ways to improve efficiency.
Basically, fleet management is about optimization and process improvement. The
person in charge of fleet management is usually the fleet manager.
·
Responsibilities of the fleet manager include
maintenance and repair of vehicles, resource management (fuel, parts, vehicles,
and even drivers themselves), driver training, behavior and safety compliance,
asset utilization, risk management, route planning, waste management,
overseeing and improving the productivity of the fleet. Rise in demand for
monitoring fleets is expected to act as a major driver to the market in this
region. However, improper guidance for enabling the routes may restrain the
market’s growth.
·
The rise in demand for utility vehicles is
expected to act as major opportunity for the market. On the other hand,
excessive rise in cyber threats may act as a major challenge for the market’s
growth.
U.K. Fleet
Management Market Share Analysis
U.K. fleet management market
competitive landscape provides details by a competitor. Details included are
company overview, company financials, revenue generated, market potential,
investment in research and development, new market initiatives, U.K. presence,
production sites and facilities, company strengths and weaknesses, product
launch, product trials pipelines, product approvals, patents, product width and
breadth, application dominance, technology lifeline curve. The above data
points provided are only related to the companies' focus related to U.K. fleet
management market.
Key player U.K.
Fleet Management Market
Some of the major players
operating in the U.K. Fleet Management market are AT&T Intellectual
Property, Ctrack (Powered by Inseego Corp.), Astrata Group, Omnitracs (Acquired
by Solera), Tom Tom International BV, Wheels, Inc., Geotab Inc., Verizon, Cisco
Systems, Inc., Siemens, IBM Corporation, DENSO CORPORATION, Sierra Wireless,
CalAmp, Lytx, Inc., Robert Bosch GmbH, ORBCOMM, ARI Fleet Management Company,
Azuga, a Bridgestone Company, Fleet Alliance, Masternaut Limited, HARMAN
International, Continental AG, among others. DBMR analysts understand
competitive strengths and provide competitive analysis for each competitor
separately.
MAJOR TOC OF THE REPORT
·
Chapter
One: Introduction
·
Chapter
Two: Market Segmentation
·
Chapter
Three: Market Overview
·
Chapter
Four: Executive Summary
·
Chapter
Five: Premium Insights
·
Chapter
Six: U.K. Fleet Management Market Share by Product & Procedure type
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=uk-fleet-management-market
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