PUBLISHER: BIS Research | PRODUCT CODE: 1560923
PUBLISHER: BIS Research | PRODUCT CODE: 1560923
Commercial Vehicle Fleet Management Market for Retail Industry - A Global and Regional Analysis: Focus on Product, and Country-Wise Analysis - Analysis and Forecast, 2024-2032
Commercial Vehicle Fleet Management Market for Retail Industry Overview
The global commercial vehicle fleet management market for retail industry is projected to reach $7.58 billion by 2032 from $3.49 billion in 2023, growing at a CAGR of 8.67% during the forecast period 2024-2032.
The demand for fleet management solutions in the retail industry is growing due to the increasing need for efficient logistics and supply chain management to meet consumer expectations for fast and reliable deliveries. Retailers are under pressure to optimize their delivery networks to handle the surge in e-commerce orders and ensure the timely delivery of goods to customers. Fleet management solutions offer real-time tracking, route optimization, and vehicle maintenance scheduling, which help retailers minimize delivery times, reduce fuel costs, and enhance overall operational efficiency. Additionally, these solutions provide valuable insights into driver behavior and vehicle performance, enabling retailers to improve safety and reduce the risk of accidents. As customer satisfaction and loyalty hinge on prompt and accurate delivery services, the adoption of fleet management systems is essential for retailers looking to stay competitive in a rapidly evolving market.
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2024 - 2032 |
| 2024 Evaluation | $3.90 Billion |
| 2032 Forecast | $7.58 Billion |
| CAGR | 8.67% |
Market Segmentation
Segmentation 1: by Product
- Hardware
- Software
- Services
Segmentation 2: by Region
- North America
- Europe
- Asia-Pacific
- Middle East
- Africa
- Latin America
Demand - Drivers and Challenges
The following are the demand drivers for the global commercial vehicle fleet management for retail industry:
- Rising Consumer Expectations
- Economic and Competitive Pressures
- Regulatory Compliance
The market is expected to face some limitations as well due to the following challenges:
- Technological Integration
- Driver Management
Key Market Players and Competition Synopsis
The companies that are profiled in the commercial vehicle fleet management market for retail industry have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent names in this market are:
- EROAD Inc.
- Geotab Inc.
- Linxup
- Merchants Fleet
- ORBCOMM
Key Questions Answered in this Report:
- What is the estimated global market size for the global commercial vehicle fleet management for retail industry?
- Who are the primary players in the global commercial vehicle fleet management for retail industry?
- What are the different products of commercial vehicle fleet management market for retail industry?
- Which geographical area holds the largest market share in the global commercial vehicle fleet management for retail industry?
- What are the primary factors driving growth in the global commercial vehicle fleet management for retail industry?
Table of Contents
Executive Summary
Scope and Definition
1 Markets
- 1.1 Key Findings
- 1.2 Trends: Current and Future Impact Analysis
- 1.2.1 Digital Transformation within Automotive Industry to Boost Fleet Management Solutions Adoption
- 1.2.2 Growing Market for EV-Based Fleet Management
- 1.3 Regulatory Landscape
2 Regions
- 2.1 Regional Summary
- 2.2 North America
- 2.2.1 U.S.
- 2.2.2 Canada
- 2.2.3 Mexico
- 2.3 Europe
- 2.3.1 U.K.
- 2.3.2 France
- 2.3.3 Ireland
- 2.3.4 Spain
- 2.3.5 Italy
- 2.3.6 Scandinavia
- 2.3.7 Benelux
- 2.3.8 Poland
- 2.3.9 DACH
- 2.3.10 Portugal
- 2.3.11 Rest-of-Europe
- 2.4 Asia-Pacific
- 2.4.1 China
- 2.4.2 Australia
- 2.4.3 India
- 2.4.4 New Zealand
- 2.4.5 Rest-of-Asia-Pacific
- 2.5 Middle East
- 2.6 Africa
- 2.7 Latin America
- 2.7.1 Brazil
- 2.7.2 Argentina
- 2.7.3 Rest-of-Latin America
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 EROAD Inc.
- 3.2 Geotab Inc.
- 3.3 Linxup
- 3.4 Merchants Fleet
- 3.5 Motive Technologies, Inc.
- 3.6 Omnitracs
- 3.7 ORBCOMM
- 3.8 Verizon Connect
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
- 4.2 Market Estimation and Forecast
List of Figures
- Figure 1: Global Commercial Vehicle Fleet Management Market for Retail Industry, 2023-2032
- Figure 2: Market Dynamics for Global Commercial Vehicle Fleet Management Market for Retail Industry
- Figure 3: Global Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023
- Figure 4: Global Commercial Vehicle Fleet Management Market for Retail Industry (by Region), 2023 and 2032
- Figure 5: Global Commercial Vehicle Fleet Management Market for Retail Industry (by Region), 2023 and 2032
- Figure 6: Scenarios for the Next Decade
- Figure 7: U.K. Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 8: France Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 9: Ireland Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 10: Spain Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 11: Italy Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 12: Scandinavia Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 13: Poland Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 14: DACH Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 15: Portugal Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 16: Rest-of-Europe Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 17: China Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 18: Australia Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 19: India Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 20: New Zealand Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 21: Rest-of-Asia-Pacific Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 22: Middle East Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 23: Africa Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 24: Brazil Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 25: Argentina Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 26: Rest-of-Latin America Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Figure 27: Data Triangulation
- Figure 28: Top-Down and Bottom-Up Approach
- Figure 29: Assumptions and Limitations
List of Tables
- Table 1: Commercial Vehicle Fleet Management Market for Retail Industry (by Region), $Million, 2023-2032
- Table 2: Commercial Vehicle Fleet Management Market for Retail Industry (by Region), Million Units, 2023-2032
- Table 3: North America Commercial Vehicle Fleet Management Market for Retail Industry (by Country), $Million, 2024-2032
- Table 4: North America Commercial Vehicle Fleet Management Market for Retail Industry (by Country), Million Units, 2024-2032
- Table 5: U.S. Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Table 6: Canada Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Table 7: Mexico Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Table 8: Europe Commercial Vehicle Fleet Management Market for Retail Industry (by Country), $Million, 2023-2032
- Table 9: Europe Commercial Vehicle Fleet Management Market for Retail Industry (by Country), Million Units, 2023-2032
- Table 10: Scandinavia Commercial Vehicle Fleet Management Market for Retail Industry (by Product), $Million, 2023-2032
- Table 11: Asia-Pacific Commercial Vehicle Fleet Management Market for Retail Industry (by Country), $Million, 2024-2032
- Table 12: Asia-Pacific Commercial Vehicle Fleet Management Market for Retail Industry (by Country), Million Units, 2024-2032
- Table 13: Latin America Commercial Vehicle Fleet Management Market for Retail Industry (by Country), $Million, 2023-2032
- Table 14: Latin America Commercial Vehicle Fleet Management Market for Retail Industry (by Country), Million Units, 2023-2032
