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Key findings: Fleet management services
In this market intelligence report, the experts predict that the adoption of technologies such as big data analytical tools and induction of autonomous and hybrid vehicles will enhance the service capabilities and viability of fleet management services. According to the experts, the spend momentum for this market will increase substantially over the next couple of years. Among several factors, much of this growth can be attributed to the initiatives taken by the government organizations to replace the outdated government organizations. This will continue driving the fleet management services procurement to a significant extent during the forecast period.
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Written from the perspective of the buyers and suppliers, this fleet management services sourcing and procurement report offers comprehensive coverage of the factors driving spend across various regions and helps buyers to identify opportunities for cost savings. This report highlights the top fleet management companies that can aid buyers to procure fleet management services at cost-effective rates.
Insights offered in this fleet management services sourcing and procurement report will help the buyers understand:
The aircraft segment of the fleet management services will account for an impressive spend growth rate during the forecast period. This growth is accredited to the increasing frequency of the number of flights taken by the aircraft and the requirement for carrying out repair and maintenance of existing fleets of aircraft. Most of the end-user industries are heavily investing in fleet management solutions to improve their operational competency. This factor will also play an integral role in driving the fleet management services procurement on a global scale.
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This fleet management services procurement market intelligence report offers coverage of:
Optimize category spend for fleet management services
Reducing spend is a key concern for enterprises during the utilization and maintenance of vehicles. To optimize spend in this respect, buyers are advised to implement vehicle replacement cycles to calculate maintenance and depreciation-related costs associated with a vehicle. Such insights aid buyers to proactively undertake safety measures and minimize their operating costs.
This fleet management services sourcing and procurement report also offers coverage of:
Assess category spend for the US region
The fleet management companies in the US are implementing technologies such as cloud, big data, and AI that improves vehicle data analysis and are functional in better route planning. This is boosting the category viability and is driving the fleet management services procurement in the US. To meet the sustainability goals, service providers are adopting green fleet programs that are aimed at reducing their fuel consumption and emissions. However, market forecasts state that changes in rules and regulations pertaining to fleet management services will impede the category growth in the US to a significant extent.
Additional information offered in this fleet management services sourcing and procurement report will help buyers analyze:
Build strategies for effective supplier selection
Fluctuations in the fuel cost as one of the critical procurement challenges in this market. Buyers are advised to partner with suppliers that adopt green fleet management which involves usage of fuel-efficient methods to offset the impact of fuel cost fluctuations.
This fleet management services procurement market intelligence report identifies the major costs incurred by suppliers and provides additional information on:
Prevalence of rules and regulations play a critical role in optimizing the category management in this market. It is imperative for the category managers to ensure that the suppliers adhere to all the category-related regulations to offer high-quality service delivery. OSHA fleet standard regulation, FMCSA safety compliance, ELD compliance are some of the regulations that must be adhered by the fleet management companies.
Key insights offered in this fleet management services sourcing and procurement report will help the buyers identify:
Design strategies based on regional spend data
According to the forecasts, the fleet management services market in MEA will touch the value of USD3.5 billion by 2023. This growth is primarily attributed to the rapid adoption of technologically advanced vehicles in African countries to enhance buyers' operational efficiency and profitability. Fleet management companies in Europe are implementing technologies that reduce the cost associated with manpower, operations, and fuel. This is boosting the viability of the category and is driving the category adoption in Europe.
To estimate the regional spend potential, this fleet management services procurement market intelligence report considers geographies such as:
Information on the top fleet management companies and major risks faced while procuring fleet management services is offered in this fleet management services procurement market intelligence report. Download a free sample to access the report's complete scope of coverage.
SpendEdge 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 category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.