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Fleet Management Market Will Grow At A CAGR Of 22.73% Over 2016-2020

Fleet management includes commercial motor vehicles such as cars, aircraft (planes, helicopters etc.), ships, vans and trucks, as well as rail cars. Fleet (vehicle) management can include a range of functions, such as vehicle financing, vehicle maintenance, vehicle telematics (tracking and diagnostics), driver management, speed management, fuel management and health and safety management. Fleet Management is a function which allows companies which rely on transportation in business to remove or minimize the risks associated with vehicle investment, improving efficiency, productivity and reducing their overall transportation and staff costs, providing 100% compliance with government legislation (duty of care) and many more. These functions can be dealt with by either an in-house fleet-management department or an outsourced fleet-management provider.
According to the solution to split, fleet management market can be divided into operation management, asset management, driver management. In accordance with the application, fleet management is widely used in manufacturing, government, transportation and logistics, energy and utilities, retail, construction and others.
According to market research, the global fleet management market was estimated to reach USD 8.00 billion in 2015 and is expected to be worth USD 22.40 billion by 2020, growing at a CAGR of 22.73% in the forecast period, 2016-2020.
On the basis of the solution, operation management held the largest share of the fleet management market in 2015. Operation management is also expected to grow at highest CAGR during the forecast period along with the largest market share. As far as application is concerned, manufacturing has the largest market share during 2015 and 2020.
In terms of geography, North America is the largest market for fleet management, accounting for more than 50% of global market share, followed by Europe and APAC. Europe and the APAC market share are 16.11%, 14.75% respectively.
The Key Players in Fleet Management Market as follows

Read Full Report: http://www.gosreports.com/global-fleet-management-market-research-report-2016/
Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com