In the trucking, freight or shipping industry, fleet management involves overseeing a company’s vehicle and driver operations. This includes ensuring that customers are getting their products delivered on time and that employees are safe while driving the vehicles. A well-organized and efficient fleet management program reduces risk and leads to higher customer satisfaction. It also increases the productivity of the vehicle and driver to get the job done. For example, fleet management may include a process that limits drive times to prevent drowsy driving and other issues that can lead to accidents. It also may involve a safety program that includes training and monitoring systems to keep track of driver performance and safety.
Market Dynamics:
The increase in the use of wireless technology owing to its low costs and ease of integration is anticipated to propel growth of the global fleet management market over the forecast period. Moreover, the rising demand for full-service leasing is also driving the market growth. This trend is being driven by the growing number of small fleets, which need a more efficient way to track and manage their vehicles. Additionally, many businesses are turning to full-service leasing because it offers a more cost-effective and flexible way to acquire and maintain vehicles.
However, factors such as the increasing number of cyber threats and a lack of uninterrupted and seamless internet connectivity are expected to limit the global market’s growth. Furthermore, the rising cost of fuel is likely to have a negative impact on the market.
Key features of the study:
Detailed Segmentation:
Table of Contents
*Browse 24 market data tables and 28 figures on “Global Fleet Management Market” - Global forecast to 2030
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