The global demand for Automotive Fleet Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
An automotive fleet is a group of motor vehicles owned and managed by a private organization or a government organization. The organization selects to lease out vehicles for personal or commercial purposes. The automotive fleet can be used for the transportation of the passengers or the transportation of the goods. Various types of automotive fleet in clude passenger buses, coaches, light commercial vehicles, or heavy commercial vehicles. The automotive fleet includes car rental companies, public and private bus companies, commercial goods carrying heavy vehicle companies, and other public utilities. Automotive fleet service reduces the hiring and traveling cost, aids in insurance claims, keeps track of location and mileage, helps in repairing and are reliable.
The factors that are propelling the global automotive fleet market include the increasing awareness about the benefits of the automotive fleet, growing automotive industry, and reliable & secure transportation service. The other prominent drivers that are contributing to the market include advancement in technology, digitalization of the service, use of efficient software for fleet management, and introduction of IoT enabled Wi-Fi-connected vehicles. The COVID-19 is likely to affect the global market adversely due to the government's stringent restrictions for transportation and traveling, decreased production of vehicles, and increased preference of using a personal vehicle to prevent the infection.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of automotive fleet.
The entire automotive fleet market has been sub-categorized into lease type and vehicle type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Lease Type
By Vehicle Type
This section covers regional segmentation which accentuates on current and future demand for automotive fleet market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Automotive Fleet Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive fleet market include ARI, Glesby Marks, LeasePlan Corporation N.V., AutoFlex AFV, Velcor Leasing Corporation, Caldwell fleet leasing, Wheel, Inc., PRO Leasing Services, Jim Pattison Lease, Sixt Leasing SE. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.