Market by Mode of Transport, Connectivity, Operation, Application, and Country Outlook | Forecast 2024-2032
Based on Triton’s report, the smart fleet management market in Europe is estimated to progress at a CAGR of 7.27% during the forecasted period 2024-2032.
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Europe is set for substantial growth in the smart fleet management market, driven by an increasing need for advanced connectivity in surveillance and security features. Besides, the region’s fleet management sector is witnessing robust development, which fuels strategic moves like joint ventures or acquisitions among market players. For instance, in March 2024, Targa Telematics introduced its first smart fleet management solution after it acquired Viasat Fleet Start and Advanced. Provided across Europe, these solutions collect real-time fleet data to maintain and monitor fuel consumption, among other functions.
The countries reviewed in this region include:
| Key Countries: United Kingdom, Germany, France, Spain, Italy, Poland, and Rest of Europe. |
| Largest Revenue Generating Country: Germany |
| Base Year: 2023 :: Study Period: 2020 - 2032 :: Projection Year: 2024-2032 |
Germany leads the market, accounting for $26.34 billion in 2023
Germany boasts the largest automotive sector in Europe and stands as the third-largest exporter globally. With around 4 million vehicles manufactured in 2023, the nation’s competence in automobile manufacturing fuels the demand for smart fleet management systems.
With approximately 50 million registered vehicles, Germany presents a fertile ground for fleet management services. Prominent automakers like Audi, Volkswagen, Mercedes-Benz, and BMW dominate the market, catering to a substantial portion of the fleet needs. Public enterprises are also ramping up their vehicle fleets, embracing connected technologies for efficient operations.
Additionally, the integration of advanced technologies such as telematics control units and GPS tracking systems indicates a new era in fleet management solutions.
Market Forecast for France
France is actively addressing greenhouse gas emissions, aligning with EU regulations and acknowledging the nation’s exposure to pollution risks. Fleet management firms are thus at the forefront, offering sophisticated solutions like telematics and real-time monitoring to monitor last-mile trips and fuel consumption. For instance, Michelin’s MICHELIN Connected Mobility offers tire monitoring, automotive inspection, and other features to reduce vehicle downtime, emissions, and accidents for fleet operators.
The market is broadly sectioned into mode of transport, application, connectivity, and operation. Based on mode of transport, it is segmented into railways, marine, roadways, and airways.
Road transportation’s efficacy is contingent upon local infrastructure development, distance, cargo weight, and transported goods. Governments implement various technologies to enhance passenger safety, such as incident detection, access control, and speed limit enforcement. Notably, the World Road Association (WRA) has embraced inductive loop detectors for network monitoring, traffic control, speed measurement, and automatic incident detection.
The well-known companies in the market include Robert Bosch GmbH, Precious Shipping Company Public Limited, Verizon Connect, and Masternaut.
Robert Bosch GmbH is a leading global provider of a diverse range of products spanning the automotive, consumer goods, industrial technology, energy, and building technology sectors. Its extensive portfolio includes power tools, heating systems, accessories, eBike systems, security systems, etc. In addition to these offerings, Bosch provides industry-specific solutions, packaging technology, and business process management solutions. With its headquarters situated in Stuttgart, Germany, Bosch operates through an extensive network of subsidiaries spread across multiple regions.
Latest from the Company:
In December 2023, Bosch introduced its digital logistics platform L.OS to simplify IT processes in the transport and logistics industry in Europe, India, and the US. As per the company’s press release, the first clients included 20 logistics companies each from Germany and India and 10 from the US.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the smart fleet management market revenue growth in Europe and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Europe smart fleet management market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. EUROPE
SMART FLEET MANAGEMENT MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PORTER’S
FIVE FORCES ANALYSIS
2.1.1. THREAT
OF NEW ENTRANTS
2.1.2. THREAT
OF SUBSTITUTES
2.1.3. BARGAINING
POWER OF BUYERS
2.1.4. BARGAINING
POWER OF SUPPLIERS
2.1.5. THREAT
OF COMPETITIVE RIVALRY
2.2. MARKET
MATURITY ANALYSIS
2.3. SUPPLY
CHAIN ANALYSIS
2.3.1. SENSOR
AND CONNECTIVITY TECHNOLOGIES
2.3.2. SOFTWARE
DEVELOPERS AND SOLUTION PROVIDERS
2.3.3. INTEGRATION
SERVICES AND SYSTEM INTEGRATORS
2.3.4. FLEET
MANAGEMENT SERVICE PROVIDERS
2.4. REGULATORY
FRAMEWORK
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. CONNECTIVITY
AND INTEGRATION
2.5.2. DATA
SECURITY AND PRIVACY
2.5.3. SCALABILITY
AND FLEXIBILITY
2.5.4. PREDICTIVE
ANALYTICS AND MAINTENANCE
2.5.5. USER-FRIENDLY
INTERFACE
2.6. KEY
MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. ESCALATING
CONCERNS ABOUT ROAD SAFETY AND SECURITY
2.7.2. GOVERNMENT
MANDATES ADDRESSING EMISSIONS
2.7.3. DEMAND
FOR TRANSPORTATION COST REDUCTION
2.7.4. GROWING
REQUIREMENTS FOR VEHICLE TRACKING AND REAL-TIME DATA
2.7.5. EXPANDING
DIGITALIZATION OF SUPPLY CHAINS
2.8. MARKET
CHALLENGES
2.8.1. CONCERNS
ABOUT DATA PRIVACY AND SECURITY
2.8.2. COMPLEXITIES
INTEGRATING WITH LEGACY SYSTEMS
2.8.3. SIGNIFICANT
INITIAL INVESTMENT COSTS
2.8.4. SCARCITY
OF SKILLS IN ANALYTICS AND IOT
2.9. MARKET
OPPORTUNITIES
2.9.1. ADOPTION
OF AI AND MACHINE LEARNING TO ENHANCE DECISION-MAKING
2.9.2. LEVERAGE
OF 5G AND EDGE COMPUTING FOR ADVANCED ANALYTICS
2.9.3. INNOVATIONS
IN EV FLEET OPTIMIZATION AND CHARGING SOLUTIONS
2.9.4. UTILIZATION
OF DRONES FOR FLEET TRACKING AND ASSET MONITORING
2.10. ANALYST
PERSPECTIVE
3. EUROPE
SMART FLEET MANAGEMENT MARKET – BY MODE OF TRANSPORT
3.1. RAILWAYS
3.2. ROADWAYS
3.3. MARINE
3.4. AIRWAYS
4. EUROPE
SMART FLEET MANAGEMENT MARKET – BY CONNECTIVITY
4.1. SHORT
RANGE
4.2. LONG
RANGE
4.3. CLOUD-BASED
5. EUROPE
SMART FLEET MANAGEMENT MARKET – BY OPERATION
5.1. PRIVATE
5.2. COMMERCIAL
6. EUROPE
SMART FLEET MANAGEMENT MARKET – BY APPLICATION
6.1. TRACKING
6.2. REMOTE
DIAGNOSTICS
6.3. AUTOMATIC
VEHICLE IDENTIFICATION
6.4. ADAS
7. EUROPE
SMART FLEET MANAGEMENT MARKET – BY COUNTRY OUTLOOK
7.1. UNITED
KINGDOM
7.1.1. UNITED
KINGDOM SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.2. GERMANY
7.2.1. GERMANY
SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.3. FRANCE
7.3.1. FRANCE
SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.4. SPAIN
7.4.1. SPAIN SMART
FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.5. ITALY
7.5.1. ITALY SMART
FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.6. POLAND
7.6.1. POLAND
SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
7.7. REST
OF EUROPE
7.7.1. REST
OF EUROPE SMART FLEET MANAGEMENT MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. DENSO
CORPORATION
8.1.1. OVERVIEW
8.1.2. PORTFOLIO
8.1.3. KEY
STRENGTH
8.1.4. KEY
CHALLENGE
8.2. CONTINENTAL
AG
8.2.1. OVERVIEW
8.2.2. PORTFOLIO
8.2.3. KEY
STRENGTHS
8.2.4. KEY
CHALLENGE
8.3. ROBERT
BOSCH GMBH
8.3.1. OVERVIEW
8.3.2. PORTFOLIO
8.3.3. KEY
STRENGTH
8.3.4. KEY
CHALLENGE
8.4. IBM
CORPORATION
8.4.1. OVERVIEW
8.4.2. PORTFOLIO
8.4.3. KEY
STRENGTHS
8.4.4. KEY
CHALLENGE
8.5. PRECIOUS
SHIPPING COMPANY PUBLIC LIMITED
8.5.1. OVERVIEW
8.5.2. PORTFOLIO
8.5.3. KEY
STRENGTHS
8.5.4. KEY
CHALLENGES
8.6. TOMTOM
NV
8.6.1. OVERVIEW
8.6.2. PORTFOLIO
8.6.3. KEY
STRENGTHS
8.6.4. KEY CHALLENGE
8.7. VERIZON
CONNECT
8.7.1. OVERVIEW
8.7.2. PORTFOLIO
8.7.3. KEY
STRENGTHS
8.7.4. KEY
CHALLENGE
8.8. GPS
INSIGHT
8.8.1. OVERVIEW
8.8.2. PORTFOLIO
8.8.3. KEY
STRENGTHS
8.8.4. KEY
CHALLENGES
8.9. GEOTAB
INC
8.9.1. OVERVIEW
8.9.2. PORTFOLIO
8.9.3. KEY
STRENGTHS
8.9.4. KEY
CHALLENGES
8.10. MASTERNAUT
8.10.1. OVERVIEW
8.10.2. PORTFOLIO
8.10.3. KEY
STRENGTHS
8.10.4. KEY CHALLENGES
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE SMART FLEET MANAGEMENT MARKET, BY
COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF COLLABORATIONS
TABLE 4: LIST OF PRODUCT LAUNCHES
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: LIST OF BUSINESS DIVESTITURES &
EXPANSIONS
TABLE 7: EUROPE SMART FLEET MANAGEMENT MARKET, BY
MODE OF TRANSPORT, 2024-2032 (IN $ MILLION)
TABLE 8: EUROPE SMART FLEET MANAGEMENT MARKET, BY
CONNECTIVITY, 2024-2032 (IN $ MILLION)
TABLE 9: EUROPE SMART FLEET MANAGEMENT MARKET, BY
OPERATION, 2024-2032 (IN $ MILLION)
TABLE 10: EUROPE SMART FLEET MANAGEMENT MARKET, BY
APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 11: EUROPE SMART FLEET MANAGEMENT MARKET, BY
COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
FIGURE
1: MARKET MATURITY ANALYSIS
FIGURE
2: SUPPLY CHAIN ANALYSIS
FIGURE
3: KEY BUYING IMPACT ANALYSIS
FIGURE
4: EUROPE SMART FLEET MANAGEMENT MARKET, BY MODE OF TRANSPORT, 2023 & 2032
(IN %)
FIGURE
5: EUROPE SMART FLEET MANAGEMENT MARKET, BY RAILWAYS, 2024-2032 (IN $ MILLION)
FIGURE
6: EUROPE SMART FLEET MANAGEMENT MARKET, BY ROADWAYS, 2024-2032 (IN $ MILLION)
FIGURE
7: EUROPE SMART FLEET MANAGEMENT MARKET, BY MARINE, 2024-2032 (IN $ MILLION)
FIGURE
8: EUROPE SMART FLEET MANAGEMENT MARKET, BY AIRWAYS, 2024-2032 (IN $ MILLION)
FIGURE
9: EUROPE SMART FLEET MANAGEMENT MARKET, BY CONNECTIVITY, 2023 & 2032 (IN
%)
FIGURE
10: EUROPE SMART FLEET MANAGEMENT MARKET, BY SHORT RANGE, 2024-2032 (IN $
MILLION)
FIGURE
11: EUROPE SMART FLEET MANAGEMENT MARKET, BY LONG RANGE, 2024-2032 (IN $
MILLION)
FIGURE
12: EUROPE SMART FLEET MANAGEMENT MARKET, BY CLOUD-BASED, 2024-2032 (IN $
MILLION)
FIGURE
13: EUROPE SMART FLEET MANAGEMENT MARKET, BY OPERATION, 2023 & 2032 (IN %)
FIGURE
14: EUROPE SMART FLEET MANAGEMENT MARKET, BY PRIVATE, 2024-2032 (IN $ MILLION)
FIGURE
15: EUROPE SMART FLEET MANAGEMENT MARKET, BY COMMERCIAL, 2024-2032 (IN $
MILLION)
FIGURE
16: EUROPE SMART FLEET MANAGEMENT MARKET, BY APPLICATION, 2023 & 2032 (IN
%)
FIGURE
17: EUROPE SMART FLEET MANAGEMENT MARKET, BY TRACKING, 2024-2032 (IN $ MILLION)
FIGURE
18: EUROPE SMART FLEET MANAGEMENT MARKET, BY REMOTE DIAGNOSTICS, 2024-2032 (IN
$ MILLION)
FIGURE
19: EUROPE SMART FLEET MANAGEMENT MARKET, BY AUTOMATIC VEHICLE IDENTIFICATION,
2024-2032 (IN $ MILLION)
FIGURE
20: EUROPE SMART FLEET MANAGEMENT MARKET, BY ADAS, 2024-2032 (IN $ MILLION)
FIGURE
21: EUROPE SMART FLEET MANAGEMENT MARKET, BY COUNTRY OUTLOOK, 2023 & 2032
(IN %)
FIGURE
22: UNITED KINGDOM SMART FLEET MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE
23: GERMANY SMART FLEET MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE
24: FRANCE SMART FLEET MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE
25: SPAIN SMART FLEET MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE
26: ITALY SMART FLEET MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE
27: POLAND SMART FLEET MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE
28: REST OF EUROPE SMART FLEET MANAGEMENT MARKET 2024-2032 (IN $ MILLION)