1 minute read
Research Methodology
Fleet Management Market Overview
Fleet Management Market is expected to grow from USD 20.67 billion in 2019 to USD 104.06 billion by 2026 at a CAGR of 26% from 2020 to 2026.
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The global fleet management market is anticipated to witness growth over the forecast period. Fleet Management is managing all the aspects of a vehicle during a company. Fleet vehicles are people who have import within the business or which affect the business during a significant manner. Fleet management has three basic components specifically position and material monitoring, production monitoring and equipment assignment, and optimization. Fleet management contains features like driver behavior, mechanical diagnostics, and vehicle tracking. It incorporates fuel management, risk management, telematics, accident management, remarketing, fleet vehicle financing, etc. The applications of fleet management contain the service sector, oil and gas chemicals, mining, construction, logistics, retail, utilities, conveyance, government and waste management, academia, etc.
