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Asia-Pacific Fleet Management Market - Analysis and Forecast, 2022-2031

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    Report

  • 86 Pages
  • December 2023
  • Region: Asia Pacific
  • BIS Research
  • ID: 5914395
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The Asia-Pacific fleet management market is projected to reach $2.43 billion by 2031 from $0.34 billion in 2022, growing at a CAGR of 24.45% during the forecast period 2022-2031. Technological advancements are driving an accelerated growth in commercial vehicle fleet management tools over the predicted period. It is projected that significant market development activities will be enhanced by the advent of connected vehicles.

The fleet management market in Asia-Pacific is expanding significantly. Growing awareness of the advantages these systems offer the commercial vehicle sector is driving the growth of the fleet management market. Furthermore, the adoption of new technologies by the industrial revolution has led to a growth in fleet management in the APAC market.

Market Introduction

The APAC fleet management industry is evolving significantly due to technological advancements in commercial vehicle management technologies. Throughout the course of the forecast period, these tools are anticipated to grow fast, and the widespread usage of linked cars is anticipated to greatly boost crucial market development efforts. Due to fleet firms' increasing awareness of the many benefits offered by state-of-the-art management systems, the APAC fleet management industry is now expanding. This greater awareness is one of the primary factors propelling the market's growth, which is also being helped by the ongoing industrial revolution and the APAC commercial vehicle industry's growing use of cutting-edge technologies.

Market Segmentation:

Segmentation 1: by Application Type

  • Real Time Location Monitoring
  • Fuel Management
  • Maintenance Management
  • Driver Management
  • Weight/Volume Tracking
  • Accounting and Insurance

Segmentation 2: by Vehicle Type

  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Segmentation 3: by Component

  • Hardware
  • Software
  • Service

Segmentation 4: by Deployment

  • On-Premises
  • Cloud

Segmentation 5: by Country

  • Japan
  • South Korea
  • India
  • Rest-of-Asia-Pacific and Japan"

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of fleet management products available by Component (Hardware, Software, and Service), by Deployment (On-Premises and Cloud), by Application Type (Real Time Location Monitoring, Fuel Management, Maintenance Management, Driver Management, Weight/Volume Tracking, and Accounting and Insurance), by Commercial Vehicle Type (Light Commercial Vehicles and Heavy Commercial Vehicles). Increasing demand worldwide is pushing the sales of fleet management systems. Therefore, the fleet management business is a low-investment and high-revenue generating model.

Growth/Marketing Strategy: The APAC Fleet Management Market is exponentially growing, with enormous opportunities for the market players. Some strategies covered in this segment are product launches, partnerships and collaborations, business expansions, and investments. The companies' preferred strategy has been product launches, partnerships, and collaborations to strengthen their positions in the APAC fleet management market.

Competitive Strategy: Key players in the APAC fleet management market analyzed and profiled in the study involve fleet management-based product manufacturers and start-ups. Moreover, a detailed competitive benchmarking of the players operating in the APAC fleet management market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

  • Embitel
  • Queclink Wireless Solutions Co., Ltd.
  • Fleetx
  • Wonder Wagen


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Table of Contents

1 Markets
1.1 Market Outlook
1.1.1 Fleet Management Trends
1.1.1.1 Successful Transport Companies Becoming Increasingly Data-Driven
1.1.1.2 Moving Toward Privately Owned Vehicles
1.1.1.3 Uncertain Fuel Costs
1.1.1.4 Keeping Fleets Relevant Requires the Adoption of Electric Vehicles
1.1.2 Supply Chain Analysis
1.1.3 Key Patents Mapping
1.1.4 Regulatory Landscape
1.1.4.1 U.S. Fleet Management Laws
1.1.4.1.1 Vehicle Tracking Laws
1.1.4.1.1.1 ELD Rule
1.1.4.1.1.2 ELD Compliance Deadline
1.1.4.1.2 Impact of Fleet Management Laws on the U.S. Fleet Management Market
1.1.4.2 Germany Fleet Management Laws
1.1.4.2.1 DGUV (German Social Accident Insurance) Regulation
1.1.4.2.2 Impact of Fleet Management Laws on the Germany Fleet Management Market
1.1.4.3 France Fleet Management Laws
1.1.4.3.1 WLTP Effect
1.1.4.3.2 Impact of Fleet Management Laws on the France Fleet Management Market
1.1.4.4 Australia Fleet Management Laws
1.1.4.4.1 Heavy Vehicle National Law
1.1.4.4.2 Impact of Fleet Management Laws on the Australia Fleet Management Market
1.1.5 Business Model
1.1.5.1 Subscription Model
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Growing Number of Vehicle and Asset Thefts
1.2.1.2 Increase in Road Accidents
1.2.1.3 Volatility in Fuel Prices
1.2.1.4 Augmented Demand for Fleet Management Solutions from Transportation and Logistics Industry
1.2.2 Business Challenges
1.2.2.1 Connecting Information Together from a Variety of Sources
1.2.2.2 Risk of Cyber Attacks
1.2.3 Business Strategies
1.2.3.1 Product Developments
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances
1.2.5 Business Opportunities
1.2.5.1 Surging Demand for Connected and Autonomous Vehicles
1.2.5.2 Emergence of the Internet of Things (IoT)
2 Region
2.1 China
2.1.1 Market
2.1.1.1 Buyers Attributes
2.1.1.2 Competitive Benchmarking
2.1.1.3 Key Fleet Management System Providers in China
2.1.1.4 Business Challenges
2.1.1.5 Business Drivers
2.1.2 Application
2.1.2.1 China Fleet Management Market (by Application Type), Value Data
2.1.2.2 China Fleet Management Market (by Commercial Vehicle Type), Value Data
2.1.3 Product
2.1.3.1 China Fleet Management Market (by Component), Value Data
2.1.3.2 China Fleet Management Market (by Deployment), Value Data
2.2 Asia-Pacific and Japan
2.2.1 Market
2.2.1.1 Buyers Attributes
2.2.1.2 Competitive Benchmarking
2.2.1.3 Key Fleet Management System Providers in Asia-Pacific and Japan
2.2.1.4 Business Challenges
2.2.1.5 Business Drivers
2.2.2 Application
2.2.2.1 Asia-Pacific and Japan Fleet Management Market (by Application Type), Value Data
2.2.2.2 Asia-Pacific and Japan Fleet Management Market (by Commercial Vehicle Type), Value Data
2.2.3 Product
2.2.3.1 Asia-Pacific and Japan Fleet Management Market (by Component), Value Data
2.2.3.2 Asia-Pacific and Japan Fleet Management Market (by Deployment), Value Data
2.2.4 Asia-Pacific and Japan (by Country)
2.2.4.1 Japan
2.2.4.1.1 Market
2.2.4.1.1.1 Buyers Attributes
2.2.4.1.1.2 Key Fleet Management System Providers in Japan
2.2.4.1.1.3 Business Challenges
2.2.4.1.1.4 Business Drivers
2.2.4.1.2 Application
2.2.4.1.2.1 Japan Fleet Management Market (by Application Type), Value Data
2.2.4.1.2.2 Japan Fleet Management Market (by Commercial Vehicle Type), Value Data
2.2.4.1.3 Product
2.2.4.1.3.1 Japan Fleet Management Market (by Component), Value Data
2.2.4.1.3.2 Japan Fleet Management Market (by Deployment), Value Data
2.2.4.2 India
2.2.4.2.1 Market
2.2.4.2.1.1 Buyers Attributes
2.2.4.2.1.2 Key Fleet Management System Providers in India
2.2.4.2.1.3 Business Challenges
2.2.4.2.1.4 Business Drivers
2.2.4.2.2 Application
2.2.4.2.2.1 India Fleet Management Market (by Application Type), Value Data
2.2.4.2.2.2 India Fleet Management Market (by Commercial Vehicle Type), Value Data
2.2.4.2.3 Product
2.2.4.2.3.1 India Fleet Management Market (by Component), Value Data
2.2.4.2.3.2 India Fleet Management Market (by Deployment), Value Data
2.2.4.3 South Korea
2.2.4.3.1 Market
2.2.4.3.1.1 Buyers Attributes
2.2.4.3.1.2 Key Fleet Management System Providers in South Korea
2.2.4.3.1.3 Business Challenges
2.2.4.3.1.4 Business Drivers
2.2.4.3.2 Application
2.2.4.3.2.1 South Korea Fleet Management Market (by Application Type), Value Data
2.2.4.3.2.2 South Korea Fleet Management Market (by Commercial Vehicle Type), Value Data
2.2.4.3.3 Product
2.2.4.3.3.1 South Korea Fleet Management Market (by Component), Value Data
2.2.4.3.3.2 South Korea Fleet Management Market (by Deployment), Value Data
2.2.4.4 Rest-of-Asia-Pacific and Japan
2.2.4.4.1 Market
2.2.4.4.1.1 Buyers Attributes
2.2.4.4.1.2 Key Fleet Management System Providers in Rest-of-Asia-Pacific and Japan
2.2.4.4.1.3 Business Challenges
2.2.4.4.1.4 Business Drivers
2.2.4.4.2 Application
2.2.4.4.2.1 Rest-of-Asia-Pacific and Japan Fleet Management Market (by Application Type), Value Data
2.2.4.4.2.2 Rest-of-Asia-Pacific and Japan Fleet Management Market (by Commercial Vehicle Type), Value Data
2.2.4.4.3 Product
2.2.4.4.3.1 Rest-of-Asia-Pacific and Japan Fleet Management Market (by Component), Value Data
2.2.4.4.3.2 Rest-of-Asia-Pacific and Japan Fleet Management Market (by Deployment), Value Data
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.2 Market Share Analysis
3.3 Company Profiles
3.3.1 Embitel
3.3.1.1 Company Overview
3.3.1.1.1 Role of Embitel in the Fleet Management Market
3.3.1.1.2 Product Portfolio
3.3.1.2 Corporate Strategies
3.3.1.2.1 Partnerships, Collaborations, Investments, Mergers, and Acquisitions
3.3.1.2.2 Production Sites
3.3.1.3 Analyst View
3.3.2 Queclink Wireless Solutions Co., Ltd.
3.3.2.1 Company Overview
3.3.2.1.1 Role of Queclink Wireless Solutions Co., Ltd. in the Fleet Management Market
3.3.2.1.2 Product Portfolio
3.3.2.2 Corporate Strategies
3.3.2.2.1 Partnerships, Collaborations, Investments, Mergers, and Acquisitions
3.3.2.3 Analyst View
3.4 Start-Up Company Snapshots
3.4.1 Fleetx
3.4.1.1 Company Overview
3.4.1.2 Role of Fleetx in the Fleet Management Market
3.4.1.3 Product Portfolio
3.4.2 Wonder Wagen
3.4.2.1 Company Overview
3.4.2.2 Role of Wonder Wagen in the Fleet Management Market
3.4.2.3 Product Portfolio
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.2 Data Triangulation
4.3 Market Estimation and Forecast
4.3.1 Factors for Data Prediction and Modeling
List of Figures
Figure 1: Fleet Management Market, $Million, 2021-2031
Figure 2: Fleet Management Market (by Deployment), $Million, 2021-2031
Figure 3: Fleet Management Market (by Commercial Vehicle Type), $Million, 2022, 2026, and 2031
Figure 4: Fleet Management Market (by Component), $Million, 2021-2031
Figure 5: Fleet Management Market (by Application Type), $Million, 2021-2031
Figure 6: Fleet Management Market (by Region), 2021
Figure 7: List of Key Players Included in the Fleet Management Market Report
Figure 8: Supply Chain Analysis for the Fleet Management Market
Figure 9: Stakeholders in Fleet Management Market
Figure 10: Fleet Management Process
Figure 11: Business Dynamics for Fleet Management Market
Figure 12: Fleet Management Market: Impact of Business Drivers
Figure 13: OPEC Basket Price (2016-2022)
Figure 14: Fleet Management Market: Impact of Business Challenges
Figure 15: Share of Key Business Strategies (2019-2023)
Figure 16: Share of Product Developments (by Company), 2019-2023
Figure 17: Share of Key Corporate Strategies (2019-2023)
Figure 18: Share of Mergers and Acquisitions (by Company), 2019-2023
Figure 19: Share of Partnerships, Joint Ventures, Collaborations, and Alliances(by Company), 2019-2023
Figure 20: Fleet Management Market: Impact of Business Opportunities
Figure 21: Competitive Benchmarking in China, 2021
Figure 22: Competitive Benchmarking in Asia-Pacific and Japan, 2021
Figure 23: Competitive Benchmarking in Fleet Management Market, 2021
Figure 24: Research Methodology
Figure 25: Data Triangulation
Figure 26: Top-Down and Bottom-Up Approach
Figure 27: Assumptions and Limitations
List of Tables
Table 1: Fleet Management Market Overview
Table 2: Key Patents Mapping
Table 3: Fleet Management Market (by Region), $Billion, 2021-2031
Table 4: China Fleet Management Market (by Application Type), $Million, 2021-2031
Table 5: China Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 6: China Fleet Management Market (by Component), $Million, 2021-2031
Table 7: China Fleet Management Market (by Deployment), $Million, 2021-2031
Table 8: Asia-Pacific and Japan Fleet Management Market (by Application Type), $Million, 2021-2031
Table 9: Asia-Pacific and Japan Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 10: Asia-Pacific and Japan Fleet Management Market (by Component), $Million, 2021-2031
Table 11: Asia-Pacific and Japan Fleet Management Market (by Deployment), $Million, 2021-2031
Table 12: Japan Fleet Management Market (by Application Type), $Million, 2021-2031
Table 13: Japan Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 14: Japan Fleet Management Market (by Component), $Million, 2021-2031
Table 15: Japan Fleet Management Market (by Deployment), $Million, 2021-2031
Table 16: India Fleet Management Market (by Application Type), $Million, 2021-2031
Table 17: India Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 18: India Fleet Management Market (by Component), $Million, 2021-2031
Table 19: India Fleet Management Market (by Deployment), $Million, 2021-2031
Table 20: South Korea Fleet Management Market (by Application Type), $Million, 2021-2031
Table 21: South Korea Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 22: South Korea Fleet Management Market (by Component), $Million, 2021-2031
Table 23: South Korea Fleet Management Market (by Deployment), $Million, 2021-2031
Table 24: Rest-of-Asia-Pacific and Japan Fleet Management Market (by Application Type), $Million, 2021-2031
Table 25: Rest-of-Asia-Pacific and Japan Fleet Management Market (by Commercial Vehicle Type), $Million, 2021-2031
Table 26: Rest-of-Asia-Pacific and Japan Fleet Management Market (by Component), $Million, 2021-2031
Table 27: Rest-of-Asia-Pacific and Japan Fleet Management Market (by Deployment), $Million, 2021-2031
Table 28: Market Share Analysis, 2021
Table 29: Embitel: Product Portfolio
Table 30: Embitel: Partnerships, Collaborations, Investments, Mergers, and Acquisitions
Table 31: Queclink Wireless Solutions Co., Ltd.: Product Portfolio
Table 32: Queclink Wireless Solutions Co., Ltd.: Partnerships, Collaborations, Investments, Mergers, and Acquisitions
Table 33: Fleetx: Product Portfolio
Table 34: Wonder Wagen: Product Portfolio

Executive Summary

The Asia-Pacific fleet management market (excluding China) is estimated to reach $2.43 billion by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 24.45% during the forecast period 2022-2031.

The Asia-Pacific and Japan fleet management market is expected to grow because of the growing commercial vehicle sales in the region, which includes meeting the needs of Japan, South Korea, India, Indonesia, and others, as well as the rising adoption of connected vehicles brought on by changing consumer preferences in emerging markets, rising disposable income, and affordable price points offered by OEMs. The growing population and rapid adoption of fleet management solutions in the region are expected to propel the market in the forecast period 2022-2031.

USPs of report

  • Analysis of business drivers and challenges of the Asia-Pacific Fleet Management Market
  • Detailed analysis of Fleet Management Market for Japan, South Korea and India
  • Segmentation by component, deployment, application type, and vehicle type provided in the report

Analyst’s Perspective on Fleet Management Market

The Principal Analyst states, 'Due to the growing strategic significance of shifting mobility, there is an increase in demand for fleet management on a global scale. As a result, it is anticipated that the worldwide fleet management market will expand considerably throughout the forecast period. It is crucial for fleet businesses wishing to expand their enterprises to adopt fleet management. Its benefits include enhancing client happiness, boosting productivity, reducing gasoline expenses, and offering real-time visibility. The e-commerce, insurance, construction, and mining industries' rising need for commercial vehicles is anticipated to fuel the market for fleet management. Additionally, the industry is expanding faster because of the utilization of artificial intelligence (AI) solutions in fleet management software and hardware.'

Some of the prominent names established in this market are:

  • Embitel
  • Queclink Wireless Solutions Co., Ltd.
  • Fleetx
  • Wonder Wagen

Key Questions Answered in the Report

  • What are the major market drivers, challenges, and opportunities in the Asia-Pacific fleet management market?
  • What are the key development strategies deployed by the key players to sustain in the market, and what are some of the initiatives taken by new entrants within this ecosystem?
  • What are the views of key industry participants within the fleet management companies operating in the space with respect to the latest trends and developments pertinent to fleet management?

Companies Mentioned

  • Embitel
  • Queclink Wireless Solutions Co., Ltd.
  • Fleetx
  • Wonder Wagen

Table Information

Report AttributeDetails
No. of Pages86
PublishedDecember 2023
Forecast Period2022 - 2031
Estimated Market Value ( USD ) in 2022 $ 0.34 Billion
Forecasted Market Value ( USD ) by 2031 $ 2.43 Billion
Compound Annual Growth Rate24.4%
Regions CoveredAsia Pacific
No. of Companies Mentioned4

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