DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/g8g5lt/fleet_management_i) has announced the addition of Berg Insight AB's new report "Fleet Management in the Americas - 2nd Edition" to their offering.
Commercial vehicle fleets play an essential role in the economy both in North and Latin America. In North America, there are approximately 12.7 million GVW 3-8 commercial vehicles in use. An estimated 25.5 million GVW 1-2 vehicles are also owned by enterprises or public entities. In Latin America, the number of commercial vehicles in operation is estimated to 21.9 million, out of which 5.9 million are heavy trucks and 16.0 million are light commercial vehicles.
Berg Insight expects the market for fleet management to continue to show healthy growth in 2012. In North America, the number of fleet management systems in active use is forecasted to grow at a compound annual growth rate (CAGR) of 15.9 percent from 2.8 million units in 2011 to 5.9 million units by 2016. The penetration rate in the total population of non-privately owned commercial vehicles is estimated to increase from 7.9 percent in 2011 to 16.4 percent in 2016. In Latin America, the number of fleet management systems in use is projected to increase from 1.3 million units in 2011, growing at a CAGR of 16.6 percent to reach 2.8 million units in 2016. The penetration rate among non-privately owned commercial vehicles in the region is estimated to increase from 5.9 percent in 2011 to 12.8 percent in 2016.
The market leaders on the fleet management market in the Americas include a range of different actors. Qualcomm Enterprise Services is ranked as the largest player, with an estimated total installed base of approximately 450,000 units in North and Latin America. The company's solutions are targeted at heavy trucks, where the main competitors in North America include Xata and PeopleNet. Trimble which previously mainly focused on service fleets now has a total installed base of 360,000 units following the acquisition of PeopleNet. Other actors focusing on service fleets include FleetMatics, Networkfleet, NexTraq and Wireless Matrix. Several actors also have a broader market scope, covering both light and heavy vehicles. Examples include Telogis, Teletrac, Zonar Systems and Webtech Wireless. Major Brazilian providers include Autotrac, Zatix and OnixSat, each having estimated installed bases in the range of 50,000-85,000 units. Other notable actors in Latin America include Copiloto Satelital and Grupo UDA in Mexico, Satrack in Colombia, and Tastets System and Wisetrack in Chile, each holding important positions in their respective countries.
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Source: Berg Insight AB