Commercial vehicle fleets play an essential role in the economy in both North and Latin America. In North America, there are approximately 14.4 million GVW 3-8 commercial vehicles in use. Around 18 million lighter vehicles including GVW 1-2 vehicles and cars with no GVW are also used by enterprises or public entities. In Latin America, the number of commercial vehicles in operation is estimated to 26.7 million, out of which 5.9 million are heavy trucks and 20.8 million are light commercial vehicles.
The report is of the opinion that the market for fleet management in the Americas is in a growth period which will continue in the years to come. The advanced North American market will remain on a growth track, not the least driven by regulatory developments such as the ELD mandate. Latin America has traditionally presented a very different scenario, often requiring an educational process in order to extend the perception of fleet management beyond security-related aspects. The Latin American fleet owners have however also started to embrace functionality for optimisation of fleet operations to an increasing extent.
It expects the FM market to continue to show healthy growth in 2017-2021. In North America, the number of systems in active use is forecasted to grow at a compound annual growth rate (CAGR) of 15.0 percent from 6.7 million units in 2016 to 13.5 million units by 2021. The penetration rate in the total population of non-privately owned commercial vehicles is estimated to increase from 22.9 percent in 2016 to 41.7 percent in 2021.
- BSM Technologies
- Blue Tree Systems
- Certified Tracking Solutions
- Copiloto Satelital (Michelin)
- Daimler Group
- Fleet Complete
- Fleet Freedom
- Fleetmatics (Verizon)
- (50+ Others)
Key Topics Covered:
1 Commercial vehicle fleets in the Americas
2 Fleet management solutions
3 Market forecasts and trends
4 OEM products and strategies
5 International aftermarket solution providers
6 Regional aftermarket solution providers
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