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The installed base of FM systems to reach 17.6 million units by 2023
Commercial vehicle fleets play an essential role in the European economy. According to official statistics there were 38.6 million commercial vehicles in use in EU23+2 in 2016. The 6.2 million medium and heavy trucks accounted for more than 75 percent of all inland transports, forming a 250 billion industry. Approximately 0.8 million buses and coaches stood for 9.3 percent of all passenger kilometres. The greater part of the 31.6 million light commercial vehicles (LCV) in Europe was used by mobile workers and for activities such as distribution of goods and parcels. Last but not least, there are an estimated 21.0 million passenger cars owned by companies and governments.
Highlights from the fourteenth edition of this report:
- Insights from 50 new executive interviews with market leading companies.
- New data on vehicle populations and commercial fleets in Europe.
- Comprehensive overview of the fleet management value chain and key applications.
- In-depth analysis of market trends and key developments.
- Updated and new profiles of 105 aftermarket fleet management solution providers.
- Summary of OEM propositions from truck, trailer and construction equipment brands.
- Revised market forecasts lasting until 2023.
This report answers the following questions:
- What are the key drivers behind the adoption of FMS in Europe?
- What is the geographical and ownership structure of commercial vehicle fleets in Europe?
- Who are the leading international and regional providers of aftermarket fleet management solutions in Europe?
- What offerings are available from truck, trailer and construction equipment OEMs?
- What impact will the launch of standard factory installed FM systems from the OEMs have on the market?
- What are the FMS vendors' hardware strategies and thoughts on BYOD?
- Will the FM industry consolidate further during 2020?
- How will the commercial vehicle telematics industry evolve in the future?
The analyst is of the opinion that the European fleet management market has entered a growth period that will last for several years to come. Individual markets may however suffer temporary setbacks, depending on the local economic developments. The number of fleet management systems in active use is forecasted to grow at a compound annual growth rate of 14.1 percent from 9.1 million units at the end of 2018 to 17.6 million by 2023. The penetration rate in the total population of non-privately owned commercial vehicles and cars is estimated to increase from 17.4 percent in 2018 to 32 percent in 2023.
A group of international aftermarket solution providers have emerged as the leaders on the European fleet management market. The Publisher ranks Webfleet Solutions (formerly TomTom Telematics) as the largest vendor in Europe at the end of 2018 with 770,000 subscribers in the region, followed by Verizon Connect in second place with 300,000 subscribers. Transics is ranked as the largest player in the aftermarket heavy trucks segment with an estimated 136,000 active units installed.
Other significant players include European companies such as ABAX, Masternaut, Targa Telematics, Microlise, Viasat, Bornemann, OCEAN (Orange), Macnil, GSGroup, Quartix, Eurowag Telematics, Trakm8, Optimum Automotive, Connexas Group and Vehco and international players like Trimble and Teletrac Navman from the US, Fleet Complete from Canada, Astrata Europe from Singapore and the South African telematics providers Ctrack (Inseego), Cartrack and MiX Telematics.
All major truck manufacturers on the European market offer OEM telematics solutions as a part of their product portfolio. A major trend in the past years has been the announcements of standard line fitment of fleet management solutions. Since the end of 2011, Scania is rolling out the Scania Communicator as standard on all European markets and includes a ten-year basic service subscription. All medium and heavy duty trucks and buses from Daimler contains the Fleetboard vehicle computer as standard.
Volvo offers Dynafleet as standard in Europe. New MAN trucks are now equipped with RIO as standard replacing MAN TeleMatics. DAF launched its new optional DAF Connect that has been developed in-house in September 2016. The leading OEMs in Europe are Scania, Volvo and Daimler with 255,000, 128,000 and 117,000 active FM subscribers respectively at the end of 2018.
The consolidation trend continues and 12 M&A activities have taken place in the past year. Year 2019 started off with a new FMS mega deal when TomTom Telematics was divested to Bridgestone Europe for a purchase price of 910 million. BigChange in the UK acquired Labyrinth Logistics and Trace Systems and Vehco bought Paetronics in Finland adding 350 clients.
In April, Radius Payment Solutions acquired Plant-I and later in November also SureTrack. The IT-company Triona acquired Fleetech in April. Masternaut once again changed owner in May when Michelin announced the addition of the company to its commercial vehicle telematics investment. Connexas Group acquired the cold-chain specialist Seven Telematics in May. The latest transaction was done in September when Vehco acquired Framlogic in Poland, adding 650 clients and 25,000 equipped vehicles.
Key Topics Covered
1 Commercial vehicle fleets in Europe
1.1 Light commercial vehicles
1.2 Medium and heavy trucks
1.3 Buses and coaches
1.4 Trailers and semi-trailers
1.5 Off-road construction and agriculture equipment
1.6 Company owned passenger cars
1.7 Ownership structure
1.7.1 Statistical estimates by industry and company size
1.7.2 Light commercial vehicle fleets
1.7.3 Medium and heavy commercial vehicle fleets
2 Fleet management solutions
2.1 Fleet management infrastructure
2.1.1 Vehicle segment
2.1.2 GNSS segment
2.1.3 Network segment
2.1.4 Backoffice segment
2.2 Vehicle management
2.2.1 Vehicle diagnostics and maintenance planning
2.2.2 Security tracking
2.2.3 Fuel card integration and reporting
2.3 Driver management
2.3.1 Driving data registration and analysis
2.3.2 Video-based driver monitoring
2.3.3 Eco-driving schemes
2.3.4 Insurance risk management
2.4 Operations management
2.4.1 Routing and navigation
2.4.2 Transport management
2.4.3 Mobile workforce management
2.5 Regulatory compliance and reporting
2.5.1 Digital tachograph data download
2.5.2 Electronic toll collection
2.5.3 Other applications
2.6 Business models
3 Market forecasts and trends
3.1 Market analysis
3.1.1 Fleet management installed base and unit shipments
3.1.2 Regional market dynamics
3.1.3 Fleet management vendor market shares
3.1.4 Trailer telematics shipments, installed base and vendor market shares
3.2 Market drivers and barriers
3.2.1 Macroeconomic environment
3.2.2 Regulatory environment
3.2.3 Competitive environment
3.2.4 Technology environment
3.3 Value chain analysis
3.3.1 Telematics industry players
3.3.2 Automotive industry players
3.3.3 Telecom industry players
3.3.4 IT industry players
3.4 Future industry trends
3.4.1 OEM fleet telematics market developments
3.4.2 New features are continuously added to fleet management solutions
3.4.3 LCV manufacturers collaborating with aftermarket players
3.4.4 Go-to-market strategy and pricing model evolution
3.4.5 The emergence of alliances among FM solution vendors
3.4.6 Insurance telematics for commercial fleets
3.4.7 Major tyre manufacturers invest in the commercial vehicle telematics market
3.4.8 Fleet management services based on mobile app platforms
3.4.9 Big Data in the fleet management sector
3.4.10 More Pan-European players to enter the scene
3.4.11 FMS providers open up their platforms to third-party app developers
3.4.12 The Internet of Transportation Things expands the addressable market
3.4.13 Autonomous and electric vehicle fleets to influence the FMS market
3.4.14 Mergers and acquisitions to continue in 2019-2020
3.4.15 The long-term evolution of the fleet management ecosystem
4 OEM products and strategies
4.1 Truck manufacturers
4.1.1 Daimler Group
4.1.2 Volvo Group (including Renault Trucks)
4.1.4 MAN Truck & Bus
4.1.5 DAF Trucks
4.2 Construction equipment manufacturers
4.2.3 Deere & Company
4.2.4 Hyundai Construction Equipment
4.2.7 Volvo CE
4.3 Trailer manufacturers
4.3.1 Schmitz Cargobull
4.4 OE suppliers
4.4.4 Stoneridge Electronics
4.5 Hardware and software providers
4.5.4 ERM Advanced Telematics
4.5.5 Falcom (Lantronix)
4.5.7 John Deere Electronic Solutions
4.5.9 Mobile Devices
4.5.10 Pointer Telocation (PowerFleet)
4.5.11 Quake Global
4.5.12 Squarell Technology
4.6 Video-based driver monitoring solution vendors
4.6.3 Seeing Machines
4.6.4 SmartDrive Systems
4.6.5 Safety Vision
5 International aftermarket solution providers
5.2 Astrata Europe
5.4 Ctrack (Inseego)
5.5 Fleet Complete
5.6 Garmin and partners
5.10 MiX Telematics
5.13 Teletrac Navman
5.15 Transics - a WABCO company
5.18 Verizon Connect
5.19 Viasat Group
5.20 Webfleet Solutions (TomTom Telematics)
6 Regional aftermarket solution providers
6.1 Benelux and France
6.1.8 Market-IP (Telefleet)
6.1.10 Novacom CLS Services
6.1.11 OCEAN (Orange Business Services)
6.1.12 Optimum Automotive Group (Mapping Control)
6.1.13 Prometheus Informatics
6.1.14 RAM Mobile Data
6.1.18 SoFleet (Synox)
6.2 Germany and Central Europe
6.2.2 AROBS Transilvania Software
6.2.4 CCS (Fleetcor)
6.2.5 CVS Mobile
6.2.7 ETA Automatizari Industriale
6.2.8 Eurowag Telematics
6.2.10 GPS Bulgaria
6.2.13 Idem Telematics
6.2.15 LOSTnFOUND (fleet.tech)
6.2.20 Sherlog Technology
6.2.24 WebEye Telematics Group
6.2.26 ZF Openmatics
6.3 The Mediterranean
6.3.1 Frotcom International
6.3.2 G4S Telematix
6.3.6 Macnil - Zucchetti Group
6.3.9 Targa Telematics
6.3.12 Vodafone Automotive
6.4 Nordic countries
6.4.7 Locus Solutions
6.4.10 Total Car
6.4.11 Triona (Fleetech)
6.5 UK and Ireland
6.5.4 Connexas Group (Isotrak)
6.5.6 Matrix Telematics
6.5.9 Radius Payment Solutions (Kinesis Telematics)
6.5.10 RAM Tracking
For more information about this report visit https://www.researchandmarkets.com/r/oqq96c