Fleet Management Procurement Intelligence 2030 : Fleet Management Category To Is Expected To Expand At A CAGR Of 16.4%Posted by rahul nikade on February 22nd, 2024 Fleet Management Procurement Intelligence The fleet management category is anticipated to witness growth at a CAGR of 16.4% from 2023 to 2030. In 2022, North America accounted for 39% of the market share followed by Asia-Pacific and Europe. North America currently holds a dominant position in the global industry with the U.S. being a dominant nation in the region as it is home to several enormous market participants. Industry players support businesses working in different sectors by streamlining their fleet operations to reduce their operating expenses and offer various services such as fuel management, driver management & performance monitoring, vehicle maintenance, vehicle purchase/lease, funding, offering consultation, etc. Technologies such as advanced driver assistance system (ADAS), electronic logging device (ELD) compliance system, artificial intelligence (AI), Internet of Things (IoT), machine learning (ML), and global positioning system (GPS) are playing a vital role in the development of fleet management category. Technological advancements in the industry have turned the optimization of operations fluidic and flexible, helping organizations save time and money. Through the use of fleet management systems (FMS), fleet managers may more effectively react to the changing conditions of the market. Order your copy of the Fleet Management category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis The COVID-19 pandemic significantly affected industrial activities. Even though sectors such as field services, utility, logistics, and transportation opted for remote working policies, they operated at the fullest capacity to meet the need for essential services. The logistics and transportation sectors encountered enormous challenges as a result of this crisis and the ensuing disruptions in the supply chain. Key players witnessed a significant decline in their revenue during this period. Consequently, there was less of a need for fleets, drivers, dispatchers, planners, and other fleet operators. Fleet Management Sourcing Intelligence Highlights
List of Key Suppliers
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Brief about Pipeline by Grand View Research: A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. Our services include (not limited to):
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