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 activities from fuel management to planning routes, and it can be easily managed using fleet management software. The rapid growth of e-commerce in Saudi Arabia has transformed consumer behavior, leading to a surge in demand for logistics services. As online shopping becomes more prevalent, businesses require reliable and efficient delivery systems to meet customer expectations for quick and accurate shipments. This escalating demand necessitates improved fleet management solutions to ensure timely deliveries and operational efficiency.
Access Full Report @ https://www.databridgemarketresearch.com/ru/reports/saudi-arabia-fleet-management-market
Data Bridge Market Research analyses that the Saudi Arabia Fleet Management Market is expected to reach 4.58 million units by 2031 from 2,280.69 million units in 2023, growing with a CAGR of 9.3% in the forecast period of 2024 to 2031.
Key Findings of the Study
Rising Demand for Utility Vehicles
Utility vehicles are vehicles designed and used for carrying goods or passengers. These vehicles include trucks, vans, buses, and other similar vehicles used for commercial purposes. The utility vehicle market is a crucial component of the Saudi Arabian automobile industry and has witnessed significant growth over the past decades the rise in demand for utility vehicles can be attributed to several factors, including the growth of the e-commerce industry, increasing urbanization, and the need for efficient transportation systems. As more and more businesses rely on utility vehicles for their transportation needs, the demand for fleet management services and software is also expected to increase. One of the reasons for the rise in demand for utility vehicles is the growth of the e-commerce industry. The demand for transportation services has increased with the increasing number of online shopping platforms. As a result, the use of utility vehicles has become more common, and fleet management has become more critical.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024 to 2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable from 2016-2021)
|
|
Quantitative Units
|
Revenue in Million Units
|
|
Segments Covered
|
Fleet Size (Small Fleets (Less than 100 Vehicles), Medium Fleets (100-500 Vehicles), Large and Enterprise Fleets (500+ Vehicles)), Business Type (Large Business and Small Business), Vehicle Type (Internal Combustion Engine and Electric Vehicle), Mode of Transportation (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), End User (Energy & Utilities, Automotive, Construction, Retail, Transportation & Logistics, Manufacturing, Government, Mining, Healthcare, Food & Beverages, Agriculture, and Others)
|
|
Countries Covered
|
Saudi Arabia
|
|
Market Players Covered
|
Oracle (U.S.), Fleetroot (U.A.E), SAP SE (Germany), Zain (Saudi Arabia), Detasad cloud (Saudi Arabia), ODOOTEC KSA (Saudi Arabia), LocoNav (U.S.), Electrical & Power Contracting Company (Saudi Arabia), Falcon Fleet Management (Saudi Arabia), and TUV SUD (Germany) among others
|
|
Data Points Covered in the Report
|
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.
|
Segment Analysis
The Saudi Arabia fleet management market is segmented into five notable segments, which are based on the basis of fleet size, business type, vehicle type, mode of transport and end user.
- On the basis of fleet size, the market is segmented into small fleets (less than 100 vehicles), medium fleets (100-500 vehicles) and large and enterprise fleets (500+ vehicles)
In 2024, the small fleets (less than 100 vehicles) is expected to dominate the Saudi Arabia fleet management market
In 2024, small fleets (less than 100 vehicles) segment is expected to dominate the market with the market share of 39.61% due to their higher need for advanced management solutions and real-time tracking across extensive fleets to optimize operational efficiency and ensure regulatory compliance.
- On the basis of business type, the market is segmented into large business and small business
In 2024, the large business segment is expected to Saudi Arabia fleet management market
In 2024, large business segment is expected to dominate the market with 62.45% market share due to its ability to provide high precision and versatility in measuring complex geometries across various industries. Its integration into quality control processes enhances efficiency and ensures compliance with stringent manufacturing standards
- On the basis of vehicle type, the market is segmented into internal combustion engine and electric vehicle. In 2024, internal combustion engine segment is expected to dominate the market with a 94.26% market share
- On the basis of mode of transport, the market is segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. In 2024, passenger cars segment is expected to dominate the market with a 40.57% market share
- On the basis of end user, the market is segmented into in automotive, transportation & logistics, retail, manufacturing, food & beverages, energy & utilities, mining, government, healthcare, agriculture, construction, and others. In 2024, energy & utilities segment is expected to dominate the market with a 18.72% market share
Major Players
Data Bridge Market Research analyzes Zain (Kuwait), TÜV SÜD (Germany), SAP SE (Germany), Oracle (U.S.), Fleetroot (UAE) as the major companies operating in market.
Market Development
- In April 2024, Zain launched a fully Saudi-made fleet management system, integrating local design and manufacturing with advanced cloud technology. This unveiled the product portfolio and provided a new segment for expanding businesses with local products
- In January 2024, TÜV SÜD issued ISO/SAE 21434 certification for automotive cybersecurity to DENSO CORPORATION. This certification confirms that DENSO's vehicle components and systems meet international cybersecurity standards throughout their lifecycle. With this certification, DENSO can prove its commitment to secure development processes, enhancing trust and compliance in the automotive industry
- In April 2024, SAP Transportation Management was recognized as a Leader in the Gartner Magic Quadrant for the 10th consecutive year. The solution offers holistic integration, covering logistics processes from procurement to freight settlement. SAP’s commitment to continuous innovation includes leveraging AI and machine learning to optimize operations and enhance customer experiences. This helped the company gain higher consumers in the market
- In January 2024, Oracle Corporation introduced enhanced logistics capabilities, aiding customers in cutting costs, boosting accuracy, automating regulatory compliance, and increasing flexibility in global supply chains. These features proved instrumental in the company's success, significantly improving operational efficiency and overall performance
- In May 2024, Fleetroot launched its revamped user interface with simplified and efficient experience. It offers modern design, intuitive and user friendly design for efficiency. This will help the company gain larger consumer base with simplified and easy to use user interface
For more detailed information about Saudi Arabia Fleet management market click here – https://www.databridgemarketresearch.com/ru/reports/saudi-arabia-fleet-management-market
