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The Wall Street Publication > Blog > Business > The put in base of fleet administration techniques within the Americas to succeed in 43 million items by 2028
Business

The put in base of fleet administration techniques within the Americas to succeed in 43 million items by 2028

Editorial Board Published December 4, 2024
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The put in base of fleet administration techniques within the Americas to succeed in 43 million items by 2028
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In accordance with a brand new report from the main IoT market analysis supplier Berg Perception, the variety of lively fleet administration techniques deployed in industrial car fleets in North America was 17.4 million in This autumn-2023.

Rising at a compound annual development fee (CAGR) of 11.9 p.c, this quantity is predicted to succeed in 30.5 million by 2028.

In Latin America, the variety of lively fleet administration techniques is predicted to develop at a CAGR of 14.9 p.c from 6.5 million in This autumn-2023 to succeed in 13.0 million in 2028. There are effectively over 30 gamers with put in bases of greater than 100,000 lively fleet administration items within the Americas. On the finish of 2023, the top-30 distributors collectively had over 16 million autos underneath administration within the area and the top-10 alone represented 50 p.c of the full put in base within the Americas.

graphic: installed base of active fleet management units Americas 2023-2028

“A handful of solution providers have emerged as frontrunners on the fleet management market in the Americas and the top-5 players have now all reached the million mark in terms of installed base”, stated Rickard Andersson, Principal Analyst, Berg Perception. Geotab, Verizon Join and Samsara are the main fleet telematics suppliers within the area.

“Canada-based Geotab is clearly in the lead, having more than 3 million active fleet management subscribers in North America alone as well as hundreds of thousands of units in Latin America”, continued Mr. Andersson.

He provides that US-based Verizon Join and the relative newcomer Samsara are the runners-up within the Americas, adopted by CalAmp and Solera Fleet Options. Extra answer suppliers with put in bases of greater than half 1,000,000 items within the Americas embody Lytx, Motive, Trimble and Gurtam. Trimble Transportation has equally to Solera Fleet Options been lively within the trade for many years.

“Trimble’s global transportation telematics business units are now notably acquired by Platform Science in a transaction expected to close in the first half of 2025”, stated Mr. Andersson.

The remaining top-15 gamers embody Bridgestone Mobility Options, MICHELIN Linked Fleet, Fleet Full (Powerfleet), Zonar Techniques (Continental), GPS Perception and Powerfleet. Bridgestone, Michelin and Continental are all examples of main tire producers which have established robust positions within the fleet administration house by acquisitions.

“Powerfleet has expanded its presence considerably in the last year through the acquisitions of both MiX Telematics and most recently Fleet Complete”, stated Mr. Andersson.

Most of the frontrunners are certainly pushed by development methods combining strategic M&A exercise and high-pace natural development.

Mr. Andersson concluded:

“Berg Insight anticipates a future scenario where the global fleet management market is dominated by a handful of providers with installed bases measured in the millions.”

TAGGED:AmericasbasefleetinstalledManagementmillionreachSystemsunits
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