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Mastering Fleet Management Procurement for Operational Efficiency

The field of fleet management is poised for substantial growth, with an expected Compound Annual Growth Rate (CAGR) of 16.4% from 2023 to 2030. As of 2022, North America held the lion's share of this market, accounting for 39%, closely followed by As

Mastering Fleet Management Procurement for Operational Efficiency
DC Velocity Staff
By DC Velocity StaffOct 16, 2023
DC Velocity Staff
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Fleet Management Procurement is a critical component of optimizing a company's vehicle operations and cost-efficiency. This multifaceted process involves the acquisition, financing, and maintenance of a fleet, encompassing various elements such as vehicle selection, supplier negotiations, and ongoing cost management. By strategically managing the procurement of fleet services, businesses can gain a competitive edge in a dynamic market. This entails selecting the right suppliers, negotiating favorable terms, and implementing cost-effective solutions. An effective fleet management procurement strategy not only helps control costs but also ensures that the fleet operates efficiently, complying with industry regulations and safety standards. In this complex landscape, informed decisions, data-driven insights, and continuous improvement play a pivotal role in streamlining fleet operations and enhancing overall productivity.


Order your copy of the Fleet Management category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis


The field of fleet management is poised for substantial growth, with an expected Compound Annual Growth Rate (CAGR) of 16.4% from 2023 to 2030. As of 2022, North America held the lion's share of this market, accounting for 39%, closely followed by Asia-Pacific and Europe. The United States, in particular, exerts a dominant influence within North America, boasting numerous major market players. These industry leaders assist businesses across various sectors by optimizing fleet operations to reduce operational costs, offering a range of services encompassing fuel management, driver performance monitoring, vehicle maintenance, and more.


The evolution of technology, including advanced driver assistance systems (ADAS), electronic logging device (ELD) compliance systems, artificial intelligence (AI), Internet of Things (IoT), machine learning (ML), and global positioning systems (GPS), plays a pivotal role in advancing fleet management. These technological advancements have rendered operational optimization more fluid and adaptable, affording organizations valuable savings in both time and money. Fleet management systems (FMS) empower fleet managers to respond more effectively to the ever-shifting market conditions.


The global industrial landscape was significantly impacted by the COVID-19 pandemic. While certain sectors, such as field services, utilities, logistics, and transportation, adopted remote work policies, they continued operating at full tilt to provide essential services. Logistics and transportation sectors, however, faced immense challenges due to the crisis and resultant supply chain disruptions. Key players in these fields experienced a substantial drop in revenue during this period, leading to reduced demand for fleets, drivers, dispatchers, planners, and other fleet operators.


Key Insights into Fleet Management Sourcing Intelligence:



  • The global fleet management sector exhibits a significant degree of fragmentation, with major market players located in North America, Europe, and Asia Pacific. These players are continually diversifying their service offerings and expanding their operations to maintain a competitive advantage on a global scale.

  • The United States stands out as the largest player in the Fleet Management Services industry, owing to the presence of a multitude of global companies headquartered in the country.

  • Despite the competitive nature of the industry, fleet management companies (FMCs) have limited negotiating power. Intense competition allows buyers to easily switch between suppliers, putting pressure on FMCs to deliver quality services and competitive pricing.

  • Fleet management costs encompass various components, including vehicle acquisition, financing, insurance, telematics, fuel, and maintenance. Additional expenses involve management fees, taxes, interest rates, depreciation, labor, tolls, parking, and disposal costs. These factors collectively impact the economics of fleet management services.


Key Companies Profiled - ALD SA (ALD International), Arval Service Lease, Donlen LLC, Element Fleet Management Corp., Ewald Fleet Solutions, Executive Trust Limited (Europcar Ireland), Holman, Inc., Mike Albert Leasing, Inc., Mobilease, LLC, ORIX Corporation, The Hertz Corporation and Wheels, LLC

https://www.grandviewresearch.com/pipeline/fleet-management-services-industry-procurement-intelligence-report
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