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The fleet management market in Europe has the potential to grow by USD 8.78 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 16.72%.
This fleet management market research report of Europe provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (commercial telematics hardware, software, and connectivity technologies) and geography (Germany, the UK, France, and the rest of Europe). The fleet management market report of Europe also offers information on several market vendors, including AB Volvo, ABAX UK Ltd., Astrata Group, Bridgestone Corp., Caterpillar Inc., Daimler AG, Fleet Complete, MiX Telematics International (Pty) Ltd., Trimble Inc., and Verizon Communications Inc. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing focus on efficient use of data to enhance fleet management is notably driving the fleet management market growth in Europe, although factors such as the high cost of on-premise software may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the fleet management industry in Europe get your FREE report sample now.
This fleet management market analysis report of Europe also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The fleet management market in Europe is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the fleet management market forecast report of Europe for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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45% of the market’s growth will originate from the rest of Europe during the forecast period. However, market growth in the rest of Europe will be slower than the growth of the market in Germany, the UK, and France.
To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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The fleet management market share growth in Europe by the commercial telematics hardware segment will be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the fleet management market size in Europe.
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Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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DATA ANALYSIS
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