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The Fleet Management Market in Europe is set to grow by USD 22.3 billion from 2024-2028, driven by data efficiency. Report on how AI is redefining the landscape – Technavio

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NEW YORK, Nov. 15, 2024 /PRNewswire/ — Report with market evolution powered by AI – The fleet management market in europe size is estimated to grow by USD 22.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 22.48% during the forecast period. Growing focus on efficient use of data to enhance fleet management is driving market growth, with a trend towards increase in EV adoption. However, high cost of on-premises software  poses a challenge.Key market players include AB Volvo, ABAX UK Ltd., AddSecure Group AB, Aeromark Communications Ltd., AREALCONTROL GmbH, Astrata Europe BV, Bridgestone Corp., Caterpillar Inc., Fleet Complete, Frotcom International, G4S Telematix, Geotab Inc., Inseego Corp., Karooooo Ltd., Mercedes Benz Group AG, MiX Telematics Ltd., Targa Telematics S.p.A., TraXall International, Trimble Inc., and Verizon Communications Inc..

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Fleet Management Market In Europe Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 22.48%

Market growth 2024-2028

USD 22.3 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

16.54

Regional analysis

Europe

Performing market contribution

Europe at 100%

Key countries

Germany, UK, France, and Rest of Europe

Key companies profiled

AB Volvo, ABAX UK Ltd., AddSecure Group AB, Aeromark Communications Ltd., AREALCONTROL GmbH, Astrata Europe BV, Bridgestone Corp., Caterpillar Inc., Fleet Complete, Frotcom International, G4S Telematix, Geotab Inc., Inseego Corp., Karooooo Ltd., Mercedes Benz Group AG, MiX Telematics Ltd., Targa Telematics S.p.A., TraXall International, Trimble Inc., and Verizon Communications Inc.

Market Driver

The European fleet management market is experiencing significant trends driven by ELD regulations, pollution standards, labor laws, and road safety. Fleet owners prioritize environmentally friendly procedures, emission requirements, fuel usage, routine maintenance, driver behavior, and vehicle security for operational efficiency. GPS connectivity, geocoding, fleet routing, and fleet management solutions from top companies like Verizon Connect and Inseego are essential for real-time visibility. The retail segment focuses on inventory storage, warehouse systems, and customer satisfaction, addressing labor shortages and driver retention through route optimization and peak efficiency. Vehicle telematics, software solutions, and customer service ensure safety, profitability, and visibility. Wireless technology and data intelligence tools provide valuable insights for fleet managers. Key takeaways include dispatch, international trade, cyberthreats, and the digital revolution in the mobility sector. Fleet size, vehicle type, and financing are crucial components in the solutions segment. Safety, mobility-as-a-service, traffic, and carbon emissions are industry insights. Regulatory authorities oversee ride-sharing, carpooling, and car-sharing, while cloud-based solutions and big data analytics drive the digital transformation. Fleet managers prioritize preventive maintenance and economic effects. 

The European fleet management market is experiencing a significant shift due to the rising adoption of electric vehicles (EVs). Government initiatives aimed at reducing emissions and promoting sustainable transportation are driving this transition. Notable examples include subsidies and tax incentives in countries like Germany and France, which are encouraging fleet operators to integrate EVs into their operations. In response, there is growing demand for specialized EV fleet management solutions. These systems offer real-time battery monitoring, charging station optimization, and route planning that considers EV range limitations. Companies such as Geotab and ChargePoint lead the way in providing businesses with effective EV fleet management systems, enabling them to efficiently manage their electric vehicle assets while maximizing cost savings and environmental benefits. 

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Market Challenges

Europe’s Fleet Management Market faces various challenges including ELD regulations, pollution standards, labor laws, road safety, and environmentally friendly procedures. Fleet owners aim for operational efficiency, addressing emission requirements, fuel usage, routine maintenance, driver behavior, vehicle security, and driver safety. Fleet size, geocoding, fleet routing, and fleet management solutions from top companies like Verizon Connect offer real-time visibility, routing, scheduling, and geofencing. Retail segment focuses on inventory storage and warehouse systems, while labor shortages and driver retention require route optimization for peak efficiency. Vehicle type, revenue share, and financing are crucial components in the solutions segment. Fleet Managers prioritize fuel consumption, productivity, safety, profitability, visibility, and wireless technology. Data intelligence tools, dispatch, international trade, cyberthreats, and vehicle insights are key considerations. Industry leaders like Inseego, Hertz Global, and others focus on operational competency, fleet safety, mobility-as-a-service, traffic, carbon emissions, and regulatory authorities. The digital revolution brings artificial intelligence, asset management, leasing/rental business, and service experts to the forefront. Small fleets and economic effects also impact the market.The European fleet management market faces a challenge with the rising costs of on-premises software solutions. These costs include software licensing, installation, maintenance, hardware, customization, and training. Major vendors offer secure, customizable on-premises fleet management software. However, they require skilled IT staff for management and dedicated personnel for operation. After implementation, regular upgrades are necessary to stay competitive and integrate advanced technologies like big data, AI, and blockchain. Despite these costs, on-premises solutions remain popular due to their customizability and security.

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Segment Overview 

This fleet management market in Europe report extensively covers market segmentation by  

Vehicle Type1.1 Commercial fleets1.2 Passenger carsTechnology 2.1 Commercial telematics hardware2.2 Software2.3 Connectivity technologiesGeography 3.1 Europe

1.1 Commercial fleets-  The European fleet management market is witnessing significant growth due to the expanding commercial fleet sector. This segment encompasses various vehicle types, including trucks, vans, and specialized vehicles. Key drivers fueling market expansion are the rise of e-commerce, the need for efficient last-mile delivery, and increasing environmental regulations. Fleet management software is essential for optimizing operations, enhancing route planning, and ensuring regulatory compliance. Telematics, GPS tracking, and vehicle diagnostics technology are increasingly adopted, leading to improved efficiency and cost savings. Additionally, the market is being transformed by the push towards sustainability and electric commercial vehicles. Corporations are integrating eco-friendly solutions into their fleets to align with environmental objectives and regulations. The commercial fleet sector’s growth is anticipated to continue, driving the expansion of the European fleet management market throughout the forecast period.

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Research Analysis

The Fleet Management Market in Europe is experiencing significant growth due to increasing ELD regulations, pollution standards, labor laws, and road safety concerns. Environmentally friendly procedures and emission requirements are key focus areas for fleet owners, leading to an increased demand for fuel usage optimization, routine maintenance, and driver behavior monitoring. The market caters to various vehicle types, with revenue share distributed across components such as telematics, mobility-as-a-service, and cloud-based solutions. Fleet managers prioritize productivity, financing, and fuel consumption, while regulatory authorities enforce traffic rules, carbon emissions norms, and promote Mobility-as-A-Service through ride-sharing, carpooling, and car-sharing initiatives. Big data analytics plays a crucial role in optimizing fleet performance and ensuring compliance with evolving regulations.

Market Research Overview

The Fleet Management Market in Europe is experiencing significant growth due to various factors including ELD regulations, pollution standards, labor laws, and road safety. Environmentally friendly procedures and emission requirements are also driving the market, as fleet owners seek to reduce fuel usage and improve operational efficiency. Routine maintenance, driver behavior, and fleet vehicles’ performance and life cycle are crucial aspects of fleet management. Business operations in the transportation and logistics industry rely heavily on GPS connectivity, geocoding, fleet routing, and fleet management solutions. Top companies like Verizon Connect offer fleet tracking, geofencing, routing, scheduling, and real-time visibility. The retail segment focuses on inventory storage and warehouse systems, while fleet size, vehicle type, and revenue share are key components of the solutions segment. Fleet managers prioritize fuel consumption, productivity, financing, and vehicle telematics. Safety, profitability, visibility, wireless technology, and data intelligence tools are also essential. Key takeaways include dispatch, international trade, cyberthreats, vehicle insights, component insights, industry insights, and the digital revolution’s impact on mobility-as-a-service, traffic, carbon emissions, and regulatory authorities. Sudip Saha, an industry expert, discusses the economic effects, preventive maintenance, and the role of artificial intelligence in fleet management. Small fleets, labor shortages, driver retention, and route optimization are also significant challenges.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Vehicle TypeCommercial FleetsPassenger CarsTechnologyCommercial Telematics HardwareSoftwareConnectivity TechnologiesGeographyEurope

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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American Pipelining Supplies (APS) Expands Offerings as Authorized U.S. Sales, Training, and Support Provider for IMS Robotics

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November 16, 2024

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ANDERSON, S.C., Nov. 15, 2024 /PRNewswire/ — American Pipelining Supplies (APS), a prominent supplier of trenchless pipeline renewal and repair solutions, proudly announces a strategic partnership with IMS Robotics. This partnership makes APS the leading provider of sales, training, services, and after-sales support for IMS Robotics, in the United States. Through this collaboration, APS is poised to elevate the standard for trenchless repair by bringing IMS’s world-class robotic technology to professionals across the nation.

APS, known for its unwavering commitment to quality and innovation, will now serve as the central hub for IMS Robotics’ state-of-the-art robotic solutions, which are designed to enhance efficiency and precision in pipeline rehabilitation. As part of this new partnership, APS will offer hands-on training, expert consultation, and dedicated after-sales support to ensure clients have everything needed for successful project implementation and maintenance.

“With our new role as the U.S. sales, and support provider for IMS Robotics, we’re excited to bring this innovative technology directly to our clients and equip them with the resources to succeed,” said Jake Saltzman – CEO of American Pipelining Supplies. “IMS Robotics’ advanced systems perfectly align with our goal of providing comprehensive trenchless solutions that improve accuracy, safety, and operational ease. Our expanded offerings mean that our customers will have direct access to cutting-edge robotic tools with training and support at every step.”

APS will conduct expert-led training programs tailored to optimize the performance of IMS’s robotic systems in the field. Additionally, APS’s dedicated service and after-sales team will support pipeline professionals with maintenance, troubleshooting, and upgrades, ensuring smooth operation and maximizing the return on investment.

“Since 1992, IMS Robotics Group has been a pioneer in developing innovative and practical solutions in modern environmental technology. As a leading global manufacturer of specialized equipment for sewer cleaning and rehabilitation, we are proud to be recognized as market leaders in house connection and main sewer milling machines. When selecting a distributor and partner to represent our products, we take great care in choosing organizations that share our commitment to quality, customer service, and industry expertise,” says Steve Webster – Managing Director of IMS Robotics USA. “In an industry where quick and reliable responses to customer needs are critical, we are proud to announce our partnership with American Pipelining Supplies (APS). Jake and his team at APS have consistently demonstrated unparalleled knowledge, dedication, and a strong understanding of our industry. Their reputation for excellence and reliability makes them an ideal partner to represent the IMS Robotics product line in both sales and service. We are excited to collaborate with APS and look forward to a long and prosperous relationship, delivering world-class solutions to meet the evolving needs of our customers.”

Through this collaboration, APS and IMS Robotics are positioned to redefine the landscape of trenchless repair, combining cutting-edge technologies with hands-on, customer-focused support. With this APS and IMS Robotics partnership, pipeline renewal and repair professionals can expect an unprecedented level of access to tools and expertise that drive efficiency and success in every project.

About American Pipelining Supplies:
Based in South Carolina, American Pipelining Supplies is a leader in the pipelining supply industry, delivering high-quality trenchless repair and pipe renewal solutions and now specializing in robotic technologies, sales, training, and support. Learn more about APS.

About IMS Robotics:
IMS Robotics is an internationally recognized innovator in robotic systems for pipeline rehabilitation, delivering robust and adaptable robotic solutions that are designed to maximize efficiency and precision in the pipeline renewal industry. Learn more about IMS.

Media Team
Public Relations
BRANDefenders Media
media@brandefenders.com

This release was issued through WebWire®. For more information, visit http://www.webwire.com.

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SOURCE American Pipelining Supplies

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Learnologyworld Launches “Pay Later” Option and Expands Online Courses

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November 16, 2024

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This move will help Learnologyworld remove financial barriers to IT certification and skill development and provide immediate access to materials with payments deferred.

LOS ANGELES, Nov. 15, 2024 /PRNewswire/ — Learnologyworld, a leading provider of affordable certification training, announces the launch of its “Pay Later” payment option. The company has also expanded its range of online courses to meet the growing demand for IT certifications. The “Pay Later” option offers students the flexibility to receive training materials immediately and pay after two days via PayPal. This ensures that learners can advance their careers even when they don’t have immediate access to funds. The goal is to provide an essential support system for learners facing financial barriers, particularly in today’s uncertain economic climate.

As job requirements in technology become more strict, IT certifications have become a vital asset to the workforce. Studies show that certified IT professionals earn, on average, 30 percent more than their non-certified peers. Certifications serve as an industry standard, providing proof of expertise to potential employers, particularly for individuals without formal degrees.

In addition, the online learning industry is projected to grow by over nine percent year over year. This flexibility and accessibility of digital platforms have made professional development attainable for individuals balancing commitments to work, family, and study. Learnologyworld’s online courses for the aforementioned IT certifications help meet those needs through a self-paced, flexible approach to certification preparation. The courses cover programming, network management, cybersecurity, and much more.

“Certifications aren’t something you just add onto your resume. They’re essential credentials for people who want to establish or advance their careers in IT,” said Manuel End, co-founder and CEO of Learnologyworld. “Our ‘Pay Later’ option helps make sure that anyone with the drive to learn can access quality education.”

Emma Müller, chief technology officer at Learnology, added, “We’re constantly looking for ways to make learning more affordable and accessible. Online learning has become one of the top ways for job seekers and full-time employees to work around their busy schedules, and our new courses will help make the most in-demand skills more accessible to those individuals.”

Learnologyworld also offers interactive study guides and personalized exam vouchers for certifications offered by renowned brands like CompTIA, LPI, CWNP, Python Institute and ISQTB. The vouchers allow students to purchase a code online and then redeem the code at an authorized testing center to take a certification test, simplifying the process of paying for tests and identifying legitimate testing centers.

About Learnologyworld

Learnologyworld is an educational platform dedicated to affordable and accessible IT certification training. Through an array of online courses, study guides, and practice exams, Learnologyworld helps aspiring IT professionals achieve their career goals. The company’s focus on flexibility and affordability has made it a trusted partner for learners around the world.

Press Contact:

Bella Rose
7402177670
https://www.learnologyworld.net/

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SOURCE Learnologyworld

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GW Allen acquires Gage Western and Allen Measurement Services

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3 hours ago

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November 16, 2024

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WACO, Texas, Nov. 15, 2024 /PRNewswire/ — GW Allen, LLC (“GW Allen” or the “Company”) announced today it has entered into two separate definitive agreements to acquire 100% of the equity interests of Gage Western, LLC and Allen Measurement Services, LLC. The acquisitions position GW Allen as one of the largest third-party meter proving service companies in the United States. Kevin Fields, a proven veteran in the measurement industry, will lead the new Company as its CEO.

Mr. Fields noted, “We are excited to announce the acquisition of two high-quality meter proving companies. These acquisitions create a larger network of measurement equipment to better serve the needs of our customers across the United States. With the quality processes of Gage Western and the customer service of Allen Measurement Services, GW Allen will strive to deliver excellence in all aspects of the measurement business.” 

GW Allen Chairman, Coleman Curry, added, “These acquisitions mark our first step in establishing a significant presence within the measurement industry. We will seek to organically expand our services offerings to include a variety of additional measurement services, including lab analysis, calibrations and software services.”

About GW Allen
GW Allen operates 15 custody transfer provers, four allocation provers and a flow loop in Midland, Texas. Headquartered in Waco, Texas, the Company employs 25 people and has plans to expand its position in the measurement sector throughout the United States. Our motto is — Excellence. Measured.

About Mr. Kevin Fields
Mr. Fields began his measurement career at Coastal Flow Measurement in 1984 where he helped grow the company from one (1) prover in 1989 to 35 provers and 55 employees in 2018 at which time the company was sold. After the successful sale, Mr. Fields served as an executive of Flow Measurement Devices, or FMD, from 2018 to 2022. Most recently Mr. Fields has supported e9 Treatments movement into the midstream industry. Mr. Fields is regarded as one of the most influential measurement executives in the industry having introduced the first portable small volume prover (Synctrak) and publishing many papers on measurement services including: Operational Experiences of Small Volume Prover, Master Meter Water Prover Calibration, and Pycnometers and Densitometer Operations.

Contact:
Mr. Kevin Fields
Chief Executive Officer
GW, Allen, LLC
Kevinfields@gw-allen.com

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SOURCE Donovan Ventures

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