Fleet Charging Global Market Report 2024

Description

Fleet charging involves the centralized administration and infrastructure for charging electric vehicles (EVs) used within a company or organization. This setup ensures efficient and cost-effective charging schedules, often employing smart technologies to optimize energy usage and lower operational expenses. Effective management of large-scale EV fleets is critical across sectors such as logistics, public transportation, and corporate vehicle pools.

The primary types of fleet charging encompass alternating current (AC) and direct current (DC) stations. AC stations utilize standard AC power from the grid to charge EVs, offering slower charging speeds compared to DC stations but greater compatibility across a wide range of EV models. These stations, available in fixed and portable installations, serve diverse users including service providers, last-mile delivery firms, trucking companies, and public transport operators.

The fleet charging market research report is one of a series of new reports from The Business Research Company that provides fleet charging market statistics, including fleet charging industry global market size, regional shares, competitors with a fleet charging market share, detailed fleet charging market segments, market trends and opportunities, and any further data you may need to thrive in the fleet charging industry. This fleet charging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fleet charging market size has grown exponentially in recent years. It will grow from $2.75 billion in 2023 to $3.30 billion in 2024 at a compound annual growth rate (CAGR) of 20.0%. Historical growth can be linked to higher fuel costs, heightened awareness of climate change, the emergence of smart cities and urban planning, greater public acceptance of electric vehicles, and expanding urban populations.

The fleet charging market size is expected to see exponential growth in the next few years. It will grow to $6.86 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%. The anticipated growth is driven by greater adoption of electric fleets, expansion of fleet management software, rising total ownership costs, increased awareness among consumers and fleet operators, and growing corporate pledges. Key forecast trends encompass technological progress, advancements in battery technology, implementation of emissions policies, innovations in fleet management software, and integration with renewable energy sources.

The growth of the fleet charging market is expected to be driven by the increasing demand for electric trucks. Electric trucks, powered by batteries, are designed for transporting goods, specialized loads, or utilitarian tasks, and their demand is rising due to environmental concerns, stricter emissions regulations, and advancements in battery technology. Fleet charging for these trucks ensures efficient and cost-effective recharging, optimizing energy use and reducing downtime in large-scale logistics operations. For example, a report by the International Energy Agency in October 2023 noted that in 2022, around 66,000 electric buses and 60,000 medium- and heavy-duty trucks were sold globally, constituting approximately 4.5% of total bus sales and 1.2% of truck sales worldwide. Additionally, the market share of electric trucks in China increased from 1.5% in 2021 to 3.9% in 2022, indicating significant growth within a year. Therefore, the rise in demand for electric trucks is fueling the expansion of the fleet charging market.

Key players in the fleet charging market are prioritizing technological advancements such as EV charger support to enhance customer service. EV charger support encompasses technical assistance and maintenance provided by manufacturers or service providers to ensure the proper functioning of electric vehicle charging equipment. For instance, in June 2023, ChargePoint Holdings Inc., a US-based company offering charging stations of various capacities, introduced a new North American Charging Standard (NACS) connector support for its AC and DC charging solutions. This includes technical assistance and maintenance for its AC and DC charging solutions, providing cable conversion kits for existing DC fast chargers and native DC connectors compatible with Tesla vehicles. This ensures smooth charging operations for EV owners, showcasing ChargePoint's commitment to delivering a seamless charging experience for drivers of all EV makes and models.

In October 2023, BP Pulse, a UK-based provider of charging infrastructure for electric vehicles, announced a partnership with Tesla Inc. to expand its EV charging network. This collaboration involves acquiring and deploying $100 million worth of Tesla chargers across BP's network, significantly expanding charging infrastructure and offering comprehensive solutions to drive EV adoption in the fleet charging market. Tesla Inc., a US-based manufacturer of electric automobiles, solar panels, and batteries for cars and home power storage, plays a pivotal role in this partnership.

Major companies operating in the fleet charging market are Royal Dutch Shell plc, BMW Group, Enel Group, Robert Bosch GmbH, Tesla Inc., Renault Group, Schneider Electric SE, Eaton Corporation Plc, Phihong Technology Co. Ltd., Delta Electronics EMEA, Tata Power, EVBox, ChargePoint Holdings Inc., EFACEC Power Solutions SGPS, Allego Inc., Tritium DCFC Ltd, Electrify America LLC, EVgo Inc., Xcharge, Virta Global, Servotech Power Systems Ltd., Kazam EV Tech. Pvt. Ltd., HyperVolt, Charzer, Greenlots

Asia-Pacific was the largest region in the fleet charging market in 2023. The regions covered in the fleet charging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the fleet charging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The fleet charging market includes revenues earned by entities by providing services such as maintenance and repair services, on-site technical support and troubleshooting, energy management services, and fleet electrification consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Fleet Charging Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on fleet charging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for fleet charging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fleet charging market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Alternating Current (AC) Charging Station; Direct Current (DC) Charging Station
2) By Installation Type: Fixed; Portable
3) By End User: Service And Last Mile Companies; Trucking Companies; Public Transportation; Other End Users
Companies Mentioned: Royal Dutch Shell plc; BMW Group; Enel Group; Robert Bosch GmbH; Tesla Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r18869

1. Executive Summary

2. Fleet Charging Market Characteristics

3. Fleet Charging Market Trends And Strategies

4. Fleet Charging Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Fleet Charging Market Size and Growth

5.1. Global Fleet Charging Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Fleet Charging Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Fleet Charging Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Fleet Charging Market Segmentation

6.1. Global Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Alternating Current (AC) Charging Station
Direct Current (DC) Charging Station
6.2. Global Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fixed
Portable
6.3. Global Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Service And Last Mile Companies
Trucking Companies
Public Transportation
Other End Users

7. Fleet Charging Market Regional And Country Analysis

7.1. Global Fleet Charging Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Fleet Charging Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Fleet Charging Market

8.1. Asia-Pacific Fleet Charging Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Fleet Charging Market

9.1. China Fleet Charging Market Overview
9.2. China Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Fleet Charging Market

10.1. India Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Fleet Charging Market

11.1. Japan Fleet Charging Market Overview
11.2. Japan Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Fleet Charging Market

12.1. Australia Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Fleet Charging Market

13.1. Indonesia Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Fleet Charging Market

14.1. South Korea Fleet Charging Market Overview
14.2. South Korea Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Fleet Charging Market

15.1. Western Europe Fleet Charging Market Overview
15.2. Western Europe Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Fleet Charging Market

16.1. UK Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Fleet Charging Market

17.1. Germany Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Fleet Charging Market

18.1. France Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Fleet Charging Market

19.1. Italy Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Fleet Charging Market

20.1. Spain Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Fleet Charging Market

21.1. Eastern Europe Fleet Charging Market Overview
21.2. Eastern Europe Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Fleet Charging Market

22.1. Russia Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Fleet Charging Market

23.1. North America Fleet Charging Market Overview
23.2. North America Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Fleet Charging Market

24.1. USA Fleet Charging Market Overview
24.2. USA Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Fleet Charging Market

25.1. Canada Fleet Charging Market Overview
25.2. Canada Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Fleet Charging Market

26.1. South America Fleet Charging Market Overview
26.2. South America Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Fleet Charging Market

27.1. Brazil Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Fleet Charging Market

28.1. Middle East Fleet Charging Market Overview
28.2. Middle East Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Fleet Charging Market

29.1. Africa Fleet Charging Market Overview
29.2. Africa Fleet Charging Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Fleet Charging Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Fleet Charging Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Fleet Charging Market Competitive Landscape And Company Profiles

30.1. Fleet Charging Market Competitive Landscape
30.2. Fleet Charging Market Company Profiles
- 30.2.1. Royal Dutch Shell plc
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BMW Group
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Enel Group
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Robert Bosch GmbH
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Tesla Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Fleet Charging Market Other Major And Innovative Companies

31.1. Renault Group
31.2. Schneider Electric SE
31.3. Eaton Corporation Plc
31.4. Phihong Technology Co. Ltd.
31.5. Delta Electronics EMEA
31.6. Tata Power
31.7. EVBox
31.8. ChargePoint Holdings Inc.
31.9. EFACEC Power Solutions SGPS
31.10. Allego Inc.
31.11. Tritium DCFC Ltd
31.12. Electrify America LLC
31.13. EVgo Inc.
31.14. Xcharge
31.15. Virta Global

32. Global Fleet Charging Market Competitive Benchmarking

33. Global Fleet Charging Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Fleet Charging Market

35. Fleet Charging Market Future Outlook and Potential Analysis

35.1 Fleet Charging Market In 2028 - Countries Offering Most New Opportunities
35.2 Fleet Charging Market In 2028 - Segments Offering Most New Opportunities
35.3 Fleet Charging Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer