(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Dec. 06, 2024 (GLOBE NEWSWIRE) -- The "Fleet Management in the Americas - 14th Edition" report has been added to ResearchAndMarkets.com's offering.
Commercial vehicle fleets play an essential role for the Economy in both North and Latin America. In North America, there are approximately 30 million vehicles in commercial use. The number of commercial vehicles in operation in Latin America is estimated to 41 million.
The advanced North American market has among other things been driven by regulatory developments such as the ELD mandate in the US and more recently also in Canada. The Latin American market has often required an educational process to extend the perception of fleet telematics beyond security-related aspects. Latin American fleets have however also started to embrace optimisation functionality to an increasing extent. The fleet management market is forecast to show healthy growth in 2025-2028. In North America, the number of systems in active use is forecasted to grow at a compound annual growth rate (CAGR) of 11.9 percent from 17.4 million units in 2023 to 30.5 million units by 2028.
The penetration rate in the total population of non-privately owned vehicles in commercial use is estimated to increase from 53.3 percent in 2023 to 80.6 percent in 2028. In Latin America, the number of systems in use is projected to increase from 6.5 million units in 2023, growing at a CAGR of 14.9 percent to reach 13.0 million units in 2028. The penetration rate in the region is estimated to increase from 19.1 percent in 2023 to 36.7 percent in 2028. A handful of solution providers have emerged as frontrunners on the fleet management market in the Americas and the top-5 players are now all estimated to have reached the million mark in terms of installed base. Geotab, Verizon Connect and Samsara are the leading fleet telematics providers in the region.
Canada-based Geotab is clearly in the lead, having more than 3 million active fleet management subscribers in North America alone as well as hundreds of thousands of units in Latin America. US-based Verizon Connect and the relative newcomer Samsara are the runner ups in the Americas, followed by CalAmp and Solera Fleet Solutions. Additional solution providers with installed bases of more than half a million units in the Americas include Lytx, Motive, Trimble and Gurtam. Trimble Transportation has similarly to Solera Fleet Solutions been active in the industry for decades.
Trimble's global transportation telematics business units are now notably acquired by Platform Science in a transaction expected to close in the first half of 2025. The remaining top-15 players include Bridgestone Mobility Solutions, MICHELIN Connected Fleet, Fleet Complete (Powerfleet), Zonar Systems (Continental), GPS Insight and Powerfleet. Bridgestone, Michelin and Continental are examples of major tire manufacturers that have established strong positions in the fleet management space through acquisitions. Powerfleet has further expanded its presence considerably in the last year through the acquisitions of both MiX Telematics - now MiX by Powerfleet - and most recently Fleet Complete. All of the top-30 players have estimated installed bases of well over 100,000 active units in the Americas.
The list also includes WideTech, Navixy (SquareGPS), Encontrack, Ituran, Teletrac Navman, Positron (Stoneridge), Linxup, GPS Trackit, RedGPS, Autotrac, 3Dtracking, Omnilink, Digital Communications Technologies (DCT), OnixSat and Scania. Solution vendors with installed bases just outside of the top list moreover include Rastrac, KORE Position Logic, IntelliShift, J. J. Keller, Sitrack, Satrack, MiX by Powerfleet, Positioning Universal, Cobli, Location World, Forward Thinking Systems and Platform Science.
Most vehicle manufacturers now offer factory-installed fleet telematics solutions either independently or through partnerships. Examples of OEMs which have introduced systems in the Americas include Volvo Group, PACCAR, Daimler Truck, International, Scania, Volkswagen, Iveco, Hino, Ford, GM, Mercedes-Benz Vans and Stellantis.
The OEM telematics initiatives in the region have intensified over the years especially in North America, but the activities are also increasing in Latin America. In the last few years, several of the commercial vehicle OEMs have extended their partnership strategies and started working with additional aftermarket telematics partners, enabling fleet customers to choose the systems which best match their specific needs. Some OEMs such as Ford and GM have also in recent years introduced new proprietary fleet telematics solutions offered as an alternative alongside a growing selection of partner-powered offerings.
Notable fleet telematics providers active in the OEM space in various ways include Platform Science, Geotab, Verizon Connect, Samsara, Trimble, Zonar Systems, Fleet Complete, MICHELIN Connected Fleet (Sascar) and Omnilink. The OEM channel is anticipated to increase in importance in both North America and Latin America in the coming years.
Highlights from the report
Insights from 30 new executive interviews with market-leading companies. New data on vehicle populations and commercial fleets in the Americas. Comprehensive overview of the fleet management value chain and key applications. In-depth analysis of market trends and key developments. Updated profiles of 90 aftermarket fleet management solution providers. Summary of OEM propositions from commercial vehicle brands. Revised market forecasts lasting until 2028
This report answers the following questions:
What is the geographical structure of commercial vehicle fleets in the Americas? Which are the leading providers of aftermarket fleet management solutions in the Americas? What offerings are available from commercial vehicle OEMs? How is the shift towards standard hardware influencing the FM market in the Americas? What differences are there between the North and Latin American markets? How are the regulatory developments in the Americas affecting the FM industry? Will the FM industry consolidate further in 2025 and beyond? How will the commercial vehicle telematics industry evolve in the future?
Key Topics Covered:
1 Commercial Vehicle Fleets in the Americas
1.1 The North American commercial vehicle market
Vehicles in operation New registrations and manufacturer market shares Ownership structure and major fleets Trailers
1.2 The Latin American commercial vehicle market
Vehicles in operation Manufacturer market shares
2 Fleet Management Solutions
2.1 Fleet management infrastructure
2.2 Vehicle management
2.3 Driver management
2.4 Operations management
2.5 Regulatory compliance and reporting
2.6 Business models
3 Market Forecasts and Trends
3.1 Market analysis
3.2 Market drivers and barriers
3.3 Value chain analysis
3.4 Future industry trends
Fleet telematics remains a high-pace IoT market favoured by multiple trends Vehicle OEMs and aftermarket providers partner for factory-installed telematics Increasing openness in the fleet telematics space favours joint solutions Industry consolidation fosters emergence of leading global telematics giants. Specialised providers may thrive as applications are unbundled Integrated weigh station bypass services save time and fuel Fuel card integration extends the capabilities of fleet telematics Leading tire manufacturers heavily involved in the fleet telematics space Hardwired, mobile and hybrid telematics systems to co-exist The US and Canada have surpassed 1,000 and 100 certified ELDs respectively Upselling of value-added services to drive uptake beyond the ELD basics Video solutions continue to permeate the fleet market Fleet insurance telematics is an opportunity to reduce fleet risks and costs FM providers support management of EVs and fleet electrification processes The Internet of Transportation Things expands the addressable market
4 OEM Products and Strategies
Daimler Truck Group Ford General Motors Hino Trucks International Iveco Mercedes-Benz Group PACCAR Scania Volkswagen Truck & Bus Volvo Group
5 International Aftermarket Solution Providers
Fleet Complete (Powerfleet) Geotab Gurtam KORE Position Logic MICHELIN Connected Fleet MiX by Powerfleet Powerfleet Solera Fleet Solutions Teletrac Navman Trimble Verizon Connect Webfleet (Bridgestone)
6 Regional Aftermarket Solution Providers
North America
Azuga (Bridgestone) CalAmp Canadian Tracking Solutions Certified Tracking Solutions (GPS Insight) Clarience Technologies Digital Communications Technologies EROAD FieldLogix Fleet Freedom Fleeteye FleetHunt Forward Thinking Systems GPS Insight GPS Trackit GreenRoad IntelliShift ISAAC Instruments J. J. Keller Linxup Lytx Mojio Motive ORBCOMM Pedigree Technologies Platform Science Positioning Universal PosiTrace Quartix Questar Auto Radius RAM Tracking Rand McNally Rastrac Samsara SkyBitz (AMETEK) Vecima Networks Zonar Systems (Continental)
Latin America
3Dtracking Autotrac CarrierWeb Cobli Encontrack FleTrack Ful-Mar 6.2.8 Global Track Golfleet GPS Chile GPS7000 Grupo UDA Grupo Ultra Hawk GPS Ituran Linqo Locatelia Location World Mapon Maxtrack Navixy (SquareGPS) Numaris Omnilink (Show Tecnologia) OnixSat Optimus Fleet Positron (Stoneridge) Rastreo Satelital Ravex Redd RedGPS Satrack SHERLOG SIGhRA Sitrack Soltrack Strix Tracklog Ubicamovil Webmaps WideTech Wisetrack
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