The variety of energetic fleet administration techniques deployed in business car fleets in Europe was 16.3 million on the finish of 2023, in keeping with a brand new analysis report from the IoT analyst agency Berg Perception.
Rising at a compound annual progress charge (CAGR) of 11.1 p.c, this quantity is anticipated to achieve 27.6 million by 2028.
The highest-39 distributors have at the moment greater than 100,000 energetic models in Europe. Berg Perception ranks Targa Telematics as the most important participant by way of energetic put in base with round 801,000 models at year-end 2023. Webfleet’s subscriber base has grown each organically and by acquisitions in the course of the previous years and the corporate holds the place because the second largest supplier of fleet administration options on the European market and reached an put in base of about 735,000 models. Verizon Join is in third place and had achieved an put in base of an estimated 500,000 models on the year-end. Radius Telematics and CalAmp comply with and have reached 459,000 models and 420,000 models respectively. Scania, ABAX, Geotab, Gurtam and Microlise are additionally ranked among the many ten largest suppliers with 280,000–420,000 models every. Some notable gamers simply exterior of the highest ten record are AddSecure Sensible Transport, Bornemann, Volvo Group, MICHELIN Related Fleet, Eurowag Telematics, SCALAR by ZF, Quartix, Linqo, MAN, RAM Monitoring, Optimum Automotive, Daimler Truck, Mapon, Cartrack, Océan (Orange), GSFleet, Trimble, Fleet Full, Macnil, AROBS Transilvania Software program, Actia Telematics Companies, Infobric Fleet, DAF and Shiftmove.
The HCV producers are actually rising their subscriber bases in Europe significantly thanks to straightforward line fitment of fleet administration options. FleetBoard by Daimler Truck, MAN DigitalServices, Volvo Join and Scania Fleet Administration are essentially the most profitable with energetic subscriber bases of 170,000 models, 205,000 models, 260,000 models and 418,000 models in Europe respectively on the finish of 2023.
The consolidation pattern on this market continued in 2024.
Johan Fagerberg, Principal Analyst, Berg Perception, mentioned:
“Fourteen mergers and acquisitions have taken place so far this year among the vendors of fleet management systems in Europe.”
In June, AddSecure acquired Astrata Europe. In the identical month, FleetGO Group acquired Dutch-based software program supplier Data2Track with the help of Most important Capital Companions. Mapon acquired Trackon Fleet Administration based mostly in Lithuania. EcoMobility Group acquired WinFleet based mostly in France and Schmitz Cargobull acquired a majority stake in Atlantis International System in June. In July, Cubo based mostly in Northern Eire was acquired by Gasoline Card Companies, one of many largest gas card suppliers within the UK. Fagor Electronica acquired Sateliun in September. In the identical month, Alerce Group acquired Wemob, and GSMvalve acquired Latvia-based SkyFMS. In September, Inseego introduced the sale of its fleet administration and telematics enterprise for US$ 52 million. The customer is a portfolio holding firm of Convergence Companions, an funding administration agency centered on the expertise sector. In September, Powerfleet introduced the acquisition of Fleet Full. The deal valued at US$ 200 million creates a mixed entity with over 2.6 million subscribers and a couple of,500 workers. Trimble introduced in September that Platform Science will purchase its world transportation telematics enterprise models. As a part of this settlement, Trimble will grow to be a shareholder in Platform Science’s expanded enterprise (32.5 p.c). In October, Shiftmove acquired Optimum Automotive that operates in France, Portugal, Spain and Africa. Lastly, Nice Hill Companions introduced in October a partial sale of BigChange to Simpro Group, a world supplier of discipline service administration options. Mr. Fagerberg anticipates that the market consolidation of the nonetheless overcrowded business will proceed in 2025.
