"Fleet Management Market - Global Forecast to 2019" Published

From: Fast Market Research, Inc.
Published: Fri Dec 12 2014

Fleet Management Market by Components, Technologies and Services (Fleet Analytics, Vehicle Tracking & Fleet Monitoring, Telemetric, Vendor Services), by Fleet Vehicle Types (Trucks, Light Goods, Buses, Corporate Fleets, Container Ships, Aircrafts) - Global Forecast to 2019

Since past few years, the automotive industry had seen tremendous increase in the number of sale of their vehicles. This had led to the major boom in the industry creating opportunities for fleet management solution such as vehicle tracking devices, fleet analytics, and others. The environmental concerns, CO2 emission reduction norms and fleet operators' need for operational efficiencies are expected as one of the major drivers for the fleet management market. There is and reduction in the cost of hardware devices such as RFID tags and readers, sensors, display terminals among others and connected devices such as cellular and global navigation satellite service are supporting the adoption growth of the fleet management market.

Full Report Details at
- http://www.fastmr.com/prod/910783_fleet_management_market_global_forecast_to_2019.aspx?afid=301

The leading automobile manufacturers are focusing on incorporating the new vehicles with telematics functionalities. Many of the vehicles are equipped with tyre monitoring sensors. The auto manufacturers are planning to go beyond the usage of vehicle telematics just for infotainment. Telematics-based application such as remote vehicle detection is expected to become an inbuilt feature of the future cars and commercial vehicles.

Moreover, there are governmental initiatives from various nations for mandating 'GPS tracking' feature in the indigenous or foreign vehicles sold in their nations. The future Hi-tech vehicles with pre-installed telematics technologies and devices are expected to lay the infrastructure for fleet management services. It will raise the attraction of fleet owners towards fleet management solutions.

Forty years ago, 76% of the global flights per year used to include NA, Europe or Japan as either their source or destination. But now, the scenario has changed dramatically as currently 57% of the global annual flights are to or from other parts of the world. The emerging economies are growing at a rate of 5% per annum, while the developed economies are exhibiting a lower growth rate of 2% annually. APAC is experiencing huge progress in various industrial sectors.

China is expected to exhibit sales of more than 17 million commercial vehicles per year in the near future. India is expected to become the fourth largest automotive market by 2020. The growing regional economies such as APAC, MEA and Latin America are expected to open new business opportunities for the fleet management industry.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Transportation Management Market - Global Advancements, Forecasts and Analysis (2014-2019)
- Traffic Management Market - Global Advancements, Projects, Worldwide Forecast & Analysis (2014 - 2019)
- Intelligent Building Automation Technologies Market by System & Services [Physical Security, Life Safety, Facility Management], IT Technologies & Industry Verticals - Global Advancements, Worldwide Forecast & Analysis (2014 - 2019)
- Railway Management System Market - Worldwide Market Forecasts and Analysis (2014-2019)
- Smart Transportation Market - Global Advancements, Forecasts and Analysis (2014 - 2019)
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »