Canada Fleet Management Market – Industry Trends and Forecast to 2029

  • Automotive
  • Published Report
  • Mar 2022
  • Country Level
  • 350 Pages
  • No of Tables: 11
  • No of Figures: 25

Canada Fleet Management Market, By Components (Solutions, Services), Lease Type (On-Lease, Without Lease), Mode of Transport (Automotive, Marine, Rolling Stock), Hardware (Tracking, Optimization, ADAS, Diagnostics, and Others), Fleet Size (Small Fleets (1-5 Vehicles), Medium Fleets (5-20 Vehicles), Large & Enterprise Fleets (20-50+ Vehicles)), Communication Range (Short Range Communication, Long Range Communication), Deployment (On-Premise, Cloud, Hybrid), Communication Type (GNSS, Cellular System, Others), Functions (Asset Management, Route Management, Fuel Consumption, Real-Time Vehicle Location, Delivery Schedule, Accident Prevention, Mobile Apps, Monitor Driver Behaviour, Vehicle Maintenance Updates, ELD Compliance, and Others), Operations (Commercial, Private), End User (Automotive, Transportation, Retail, Manufacturing, Construction, Healthcare, Government, Energy & Utilities, and Others), Country (Canada), Industry Trends and Forecast to 2029

Market Analysis and Insights: Canada Fleet Management Market

Canada fleet management market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.3% in the forecast period of 2029 to 2029 and is expected to reach USD 5,132.25 million by 2029. The increasing growth of infrastructure projects in the region is expected to drive the market's growth.

Fleet management is the management of commercial vehicle operations at scale. Any company that uses a fleet of vehicles as part of its business model can be said to be doing some form of fleet management. Fleet management is all about keeping costs reasonable, maximizing profitability, and minimizing risk. The purpose of fleet management is to keep track of the performance and maintenance of these vehicles to make sure that the system is running smoothly and potentially look for ways to improve efficiency. Basically, fleet management is about optimization and process improvement. The person in charge of fleet management is usually the fleet manager. Responsibilities of the fleet manager include maintenance and repair of vehicles, resource management (fuel, parts, vehicles, and even drivers themselves), driver training, behavior and safety compliance, asset utilization, risk management, route planning, waste management, overseeing and improving the productivity of the fleet. Rise in demand for monitoring fleets is expected to act as a major driver to the market in this region. However, improper guidance for enabling the routes may restrain the market’s growth.

The rise in demand for utility vehicles is expected to act as major opportunity for the market. On the other hand, excessive rise in cyber threats may act as a major challenge for the market’s growth.

This Canada fleet management market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.

Canada Fleet Management Market

Canada Fleet Management Market Scope and Market Size

Canada fleet management market is segmented into eleven notable segments based on components, lease type, mode of transport, hardware, fleet size, communication range, deployment, communication type, functions, operations, and end user.

  • On the basis of components, the Canada fleet management market is segmented into solutions and services. In 2022, the solutions segment is expected to dominate the market as passive Canada fleet management provides comprehensive solutions for the time tracking of fleets.
  • On the basis of lease type, the Canada fleet management market is segmented into on-lease and without lease. In 2022, on lease segment is expected to dominate the market as it gives more opportunity to the companies for scheduling services and repairs of the vehicles.
  • On the basis of mode of transport, the Canada fleet management market is segmented into automotive, rolling stock, and marine. In 2022, the automotive segment is expected to dominate the market as it demands more diverse tasks for businesses that rely on transportation, controlling costs.
  • On the basis of hardware, the Canada fleet management market is segmented into tracking, optimization, ADAS, diagnostics, and others. In 2022, the tracking segment is expected to dominate the market as it ensures that fleets are on time and every bit of information can be obtained.
  • On the basis of fleet size, the Canada fleet management market is segmented into small fleets (1-5 vehicles), medium fleets (5-20 vehicles), and large & enterprise fleets (20-50+ vehicles). In 2022, the small fleets (1-5 Vehicles) segment is expected to dominate the market as it is high in demand because of lost cost.
  • On the basis of communication range, the Canada fleet management market is segmented into short range communication and long range communication. In 2022, short range communication segment is expected to dominate the market as it uses extremely short magnetic pulses.
  • On the basis of deployment, the Canada fleet management market is segmented into on-premise, cloud, and hybrid. In 2022, the on-premise segment is expected to dominate the market as it provides software that helps to provide visibility into in-transit fleets.
  • On the basis of communication type, the Canada fleet management market is segmented into GNSS, cellular systems, and others. In 2022, the GNSS segment is expected to dominate the market as it ensures coordination of vehicles, reduces cost, and provides work-time reports.
  • On the basis of functions, the Canada fleet management market is segmented into monitoring driver behavior, fuel consumption, asset management, ELD compliance, route management, vehicle maintenance updates, delivery schedule, accident prevention, real-time vehicle location, mobile apps, and others. In 2022, the asset management segment is expected to dominate the market as it is the key performance indicator.
  • On the basis of operations, the Canada fleet management market is segmented into private and commercial. In 2022, the commercial segment is expected to dominate the market as it deals with vehicles and provides coverage to the vehicles used by businesses.
  • On the basis of end user, the Canada fleet management market is segmented into automotive, government, healthcare, energy & utilities, manufacturing, retail, transportation & logistics, construction, and others. In 2022, the automotive segment is expected to dominate the market as its demand is high from the industry.

Canada Fleet Management Market Country Level Analysis

Canada fleet management market is analyzed and market size information is provided by country, components, lease type, mode of transport, hardware, fleet size, communication range, deployment, communication type, functions, operations, and end-user.

An excessive rise in the demand for utility vehicles is expected to majorly boost the market in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Canadian brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.

The rise in the demand for improvement of customer service is driving the Canada fleet management market

Canada fleet management market also provides you with detailed market analysis for every country's growth in the industry with sales, components sales, the impact of technological development in fleet management, and changes in regulatory scenarios with their support for the Canada fleet management market. The data is available for the historical period 2011 to 2020.

Competitive Landscape and Canada Fleet Management Market Share Analysis

Canada fleet management market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Canada presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the Canada fleet management market.

Some of the major players operating in the Canada fleet management market are AT&T Intellectual Property, Astrata Group, Omnitracs (Acquired by Solera), Wheels, Inc., Geotab Inc., Verizon, Donlen, Cisco Systems, Inc., CalAmp, Mendix Technology BV, Faststream Technologies, Siemens, Sierra Wireless, DENSO CORPORATION, IBM Corporation, Robert Bosch GmbH, ORBCOMM, ARI Fleet Management Company, Azuga, a Bridgestone Company, Clovity.com, Transflo, HARMAN International., Element Fleet Management Corp., Vector Fleet Management, Continental AG, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many product developments are also initiated by the companies worldwide, which are also accelerating the growth of the Canada fleet management market.

For instance,

  • In January 2022, Continental AG partnered with commercial vehicle manufacturer IVECO for more safety on Europe's Roads. This partnership will help the company to promote tachograph data management solution and can accelerate the sales growth
  • In April 2021, Astrata Group launched a Videolinc to provide a video surveillance solution. This has helped the company to improve the quality of fleet management service by improving road safety to reduce accidents which can attract new customers and accelerate the revenue growth for the company

Partnership, joint ventures, and other strategies enhance the company's market share with increased coverage and presence. It also provides the benefit for the organization to improve their offering for fleet management through an expanded range of sizes.

Customization Available: Canada Fleet Management Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market, and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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TABLE 1 CANADA FLEET MANAGEMENT MARKET, BY COMPONENTS, 2020-2029 (USD MILLION)

TABLE 2 CANADA FLEET MANAGEMENT MARKET, BY LEASE TYPE, 2020-2029 (USD MILLION)

TABLE 3 CANADA FLEET MANAGEMENT MARKET, BY MODE OF TRANSPORT, 2020-2029 (USD MILLION)

TABLE 4 CANADA FLEET MANAGEMENT MARKET, BY HARDWARE , 2020-2029 (USD MILLION)

TABLE 5 CANADA FLEET MANAGEMENT MARKET, BY FLEET SIZE , 2020-2029 (USD MILLION)

TABLE 6 CANADA FLEET MANAGEMENT MARKET, BY COMMUNICATION RANGE , 2020-2029 (USD MILLION)

TABLE 7 CANADA FLEET MANAGEMENT MARKET, BY DEPLOYMENT , 2020-2029 (USD MILLION)

TABLE 8 CANADA FLEET MANAGEMENT MARKET, BY COMMUNICATION TYPE , 2020-2029 (USD MILLION)

TABLE 9 CANADA FLEET MANAGEMENT MARKET, BY FUNCTIONS , 2020-2029 (USD MILLION)

TABLE 10 CANADA FLEET MANAGEMENT MARKET, BY OPERATIONS, 2020-2029 (USD MILLION)

TABLE 11 CANADA FLEET MANAGEMENT MARKET, BY END USER , 2020-2029 (USD MILLION)

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Frequently Asked Questions

The Canada Fleet Management Market will be projected to grow at a CAGR of 9.3% during the forecast period of 2022 to 2029.
The Canada Fleet Management Market will be projected USD 5,132.25 million during the forecast period of 2022 to 2029.
The major players operating in the Canada fleet management market are AT&T Intellectual Property, Astrata Group, Omnitracs (Acquired by Solera), Wheels, Inc., Geotab Inc., Verizon, Donlen, Cisco Systems, Inc., CalAmp, Mendix Technology BV, Faststream Technologies, Siemens, Sierra Wireless, DENSO CORPORATION, IBM Corporation, Robert Bosch GmbH, ORBCOMM, ARI Fleet Management Company, Azuga, a Bridgestone Company, Clovity.com, Transflo, HARMAN International., Element Fleet Management Corp., Vector Fleet Management, Continental AG, among others.
Excessive rise in cyber threats is poised to restrict the Canada Fleet Management Market growth.