Increasing demand for logistics due to the e-commerce industry. Through Fleet management is a practice that allows organizations to manage and coordinate delivery vehicles to achieve optimum efficiency and reduce costs. This practice is used to monitor and record couriers and delivery personnel. It requires a system of technologies that make it easier for the fleet manager to coordinate the activities from fuel management to planning the routes and can be easily managed using fleet management software.
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Data Bridge Market Research analyses that the Europe, Middle East and Africa Fleet Management Market is expected to reach USD 19,529.06 million by 2031 from USD 9,185.79 million in 2023, growing with a CAGR of 10.0% in the forecast period of 2024 to 2031. The expansion of the e-commerce industry has significantly impacted the logistics industry. Logistics has been considered the backbone of the e-commerce industry as it immediately affects planned operations, stockrooms, and production network organizations. They will progressively depend on re-evaluating to deal with the rising requests related to internet business portion development. Embracing this course either for the last-mile conveyance or for request satisfaction will empower them to guarantee predictable, dependable, productive, and misfire-free conveyance. Thus, this can be a great factor in managing and expanding the pressure due to the expected growth of the e-commerce business industry.
Key Findings of the Study
Rapid Adoption of Fuel Management Systems in Fleets
The fuel management system is used to monitor and control the use of fuel in vehicles. These systems can be integrated with fleet management software to help businesses optimize their fuel usage, reduce costs, and improve overall efficiency. In addition, the increasing use of alternative fuels, such as electric and hybrid vehicles, is also driving the adoption of fuel management systems. Rapid fuel management systems adoption in fleet management is expected to boost the Europe and Middle East and Africa fleet management market.
The adoption of fuel management systems is also being driven by advancements in technology. The development of advanced sensors and telematics technology has made it easier to monitor fuel usage in real time and provide data to help optimize performance. In addition, the development of predictive analytics software has made it possible to forecast fuel usage and identify potential issues before they occur.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Offering (Solutions, Service), Lease Type (On-Lease, Without Lease), Hardware (GPS Tracking Devices, DASH Cameras, Bluetooth Tracking Tags, Data Loggers), Fleet Size Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), Large & Enterprise Fleets (20-50+ Vehicles)), Communication Range (Short Range Communication, Long Range Communication), Deployment Mode (On-Premise, Cloud, Hybrid), Technology (GNSS, Cellular Systems, Electronic Data Interchange (EDI), Remote Sensing, Computational Method & Decision Making, RFID Geography), Functions (Asset Management, Route Management, Fuel Consumption, Real Time Vehicle Location, Delivery Schedule, Accident Prevention, Mobile Apps, Monitoring Driver Behavior, Vehicle Maintenance Updates, ELD Compliance), Operation (Commercial, Private), Business Type (Large Business, Small Business), Vehicle Type (Internal Combustion Engine, Electric Vehicle), Mode of Transport (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), End User (Automotive, Transportation & Logistics, Retail, Manufacturing, Food & Beverages, Energy & Utilities, Mining, Government, Healthcare, Agriculture, Construction, and Others)
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Countries Covered
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Germany, France, U.K., Italy, Spain, Russia, Poland, Netherlands, Belgium, Turkey, Switzerland, Norway, Denmark, Finland, Sweden, rest of Europe, Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Qatar, Kuwait, Oman, Bahrain, and rest of Europe
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Market Players Covered
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Ayvens Group (France), Arval (U.S), Alphabet (Germany), TÜV SÜD (Germany), HERE (Netherlands), TATA Consultancy Services Limited (India), SAP SE (Germany), Zain (Riyadh), Webfleet Solutions Sales B.V. (Netherlands), STILL GmbH (Germany), Free2move (France), FATEC (France), Athlon (Netherlands), FleetAfrica (South Africa), Roambee Corporation (U.S), LocoNav (U.S), Frotcom International (Portugal), Easyfleet (U.K), Fleetroot (U.A.E), Falcon Trackers, GoFleet Tracking (U.S), V Zone International LLC(U.A.E), Ecofleet (Estanio), Ramco Systems (India), Arabitra, Aeromark Communications LTD (U.K), Digital Myth Solutions (Saudi Arabia), TENDERD, ODOOTEC KSA (Saudi Arabia), and DETASAD Cloud (Saudi Arabia) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis
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Segment Analysis
Europe, Middle East and Africa fleet management market is segmented into thirteen notable segments, which are based on the basis of offering, lease type, hardware, fleet size, communication range, deployment mode, technology, functions, operations, business type, vehicle type, mode of transport and end user
- On the basis of offering, the Europe, Middle East and Africa fleet management market is segmented into solutions, and services
In 2024, solution is expected to dominate the Europe, Middle East and Africa fleet management market
In 2024, the solution segment is expected to dominate the Europe, Middle East and Africa fleet management market with a market share of 64.91% due to the increasing demand for integrated telematics, advanced analytics, and IoT technologies that offer comprehensive and efficient fleet optimization.
- On the basis of lease type, the Europe, Middle East and Africa fleet management market is segmented into on-lease and without lease
In 2024, on-lease is expected to dominate the Europe, Middle East and Africa fleet management market
- In 2024, on-lease is expected to dominate the Europe, Middle East and Africa fleet management market with a market share of 69.48% due to increasing demand for full-service leasing
- On the basis of hardware, the Europe, Middle East and Africa fleet management market is segmented into GPS tracking devices, dash cameras, bluetooth tracking tags, data loggers, and others. In 2024, GPS tracking devices is expected to dominate the Europe, Middle East and Africa fleet management market with market share of 36.05%
- On the basis of communication range, the Europe, Middle East and Africa fleet management market is segmented into short range communication, and long range communication. In 2024, small fleets (1-5 vehicles) is expected to dominate the Europe, Middle East and Africa fleet management market with market share of 47.24%
- On the basis of deployment mode, the Europe, Middle East and Africa fleet management market is segmented into On-premise, cloud, and hybrid. In 2024, On-premise is expected to dominate the Europe, Middle East and Africa fleet management market with market share of 61.32%
- On the basis of technology, the Europe, Middle East and Africa fleet management market is segmented into GNSS, cellular systems, Electronic Data Interchange (EDI), remote sensing, computational method & decision making, RFID, and others. In 2024, GNSS is expected to dominate the Europe, Middle East and Africa fleet management market with market share of market share of 42.10%
- On the basis of function, the Europe, Middle East and Africa fleet management market is segmented into asset management, route management, fuel consumption, real time vehicle location, delivery schedule, accident prevention, mobile apps, monitoring driver behaviour, vehicle maintenance updates, ELD compliance, and others In 2024, asset management is expected to dominate the Europe, Middle East and Africa fleet management market with market share of 20.54%
- On the basis of operation, the Europe, Middle East and Africa fleet management market is segmented into commercial, and private In 2024, commercial is expected to dominate the Europe, Middle East and Africa fleet management market with market share of 67.78%
- On the basis of business type, the Europe, Middle East and Africa fleet management market is segmented into large business, and small business. In 2024, large business is expected to dominate the Europe, Middle East and Africa fleet management market with market share of 64.55%
- On the basis of vehicle type, the Europe, Middle East and Africa fleet management market is segmented into internal combustion engine, and electric vehicle. In 2024, internal combustion engine is expected to dominate the Europe, Middle East and Africa fleet management market with market share of 78.05%
- On the basis of mode of transport, the Europe, Middle East and Africa fleet management market is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles. Passenger cars is further sub segmented on the basis of type into trucks, trailers, forklifts, specialist vehicles. In 2024, passenger cars is expected to dominate the Europe, Middle East and Africa fleet management market with market share of 67.84%
- On the basis of end user, the Europe, Middle East and Africa fleet management market is segmented into automotive, transportation & logistics, retail, manufacturing, food & beverages, energy & utilities, mining, government, healthcare, agriculture, construction, and others. In 2024, the automotive segment is expected to dominate the Europe, Middle East and Africa fleet management market with the market share of 22.92%
Major Players
Data Bridge Market Research analyzes Ayvens Group (France), Arval (U.S), Alphabet (Germany), TÜV SÜD (Germany), HERE (Netherlands), TATA Consultancy Services Limited (India), SAP SE (Germany), and Zain (Riyadh) as the major companies operating in the global industrial automation market.
Market Development
- In July 2024, Ayvens' new partnership with BYD to advance the adoption of electric vehicle fleets in Europe. This collaboration boosted the distribution of electric passenger and light commercial vehicles. For Ayvens, this development enhanced their presence in the European EV market, broadened their sustainable mobility solutions, and strengthened their ability to offer eco-friendly fleet options to both; corporate and retail clients
- In March 2022, LocoNav focused on democratizing fleet technology in developing nations by offering affordable, AI-driven fleet management solutions. These solutions aimed to improve vehicle safety, optimize operations, and reduce costs using advanced IoT, AI, and video telematics technologies. This strategy positioned LocoNav as a leader in emerging markets, addressing price-sensitive needs and enhancing their competitive edge with real-time data and efficient fleet management
- In March 2022, V Zone International LLC has launched its innovative GPS Autopilot FO-ERP Technology in the UAE, combining 4G LTE telematics with AI and IoT for advanced fleet and fuel management. This development boosted V Zone International's fleet management capabilities, provided cutting-edge tracking and cost-saving solutions, and reinforced their leadership in global GPS tracking
- In June 2024, ALD Automotive and Northe announced a strategic partnership aimed at promoting electric vehicle adoption. This collaboration enabled ALD Automotive to leverage Northe’s platform for comprehensive electric car leasing and charging solutions, integrating home, office, and public charging into a unified service. The partnership provided ALD’s customers with seamless charging experiences and consolidated billing. This partnership enhanced the fleet management market in Europe and the Middle East and Africa by streamlining electric vehicle leasing and charging solutions. The integration of comprehensive charging infrastructure and billing systems facilitated the transition to electric fleets, boosting market growth and supporting the wider adoption of sustainable transportation solutions in these regions
- In November 2024, Ayvens benefitted from the multi-billion euro agreement with Stellantis, which wil supply 500,000 vehicles—including city cars, SUVs, multipurpose vans, and electric vehicles—to their European fleet by 2026. This partnership significantly expanded Ayvens' vehicle inventory, enhancing their ability to offer a diverse range of models, and aligns with their PowerUP 2026 strategy, strengthening their position in the European fleet management market
Regional Analysis
Geographically, the countries covered in the Europe, Middle East and Africa fleet management market report are Germany, France, U.K., Italy, Spain, Russia, Poland, Netherlands, Belgium, Turkey, Switzerland, Norway, Denmark, Finland, Sweden, rest of Europe, Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Qatar, Kuwait, Oman, Bahrain, and rest of Europe.
As per Data Bridge Market Research analysis:
Europe is expected to dominate and be the fastest growing region in Europe, Middle East and Africa fleet management market
In 2024, Europe is expected to dominate the Europe, Middle East and Africa fleet management due to its advanced technological infrastructure, significant investment in fleet management, and widespread adoption of sustainable transportation practices. Additionally, strong government support and a well-established ecosystem of transport & business companies contribute to the region's leadership.
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