Fleet Maintenance Statistics 2024 – Everything You Need to Know

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Are you looking to add Fleet Maintenance to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Fleet Maintenance statistics of 2024.

My team and I scanned the entire web and collected all the most useful Fleet Maintenance stats on this page. You don’t need to check any other resource on the web for any Fleet Maintenance statistics. All are here only 🙂

How much of an impact will Fleet Maintenance have on your day-to-day? or the day-to-day of your business? Should you invest in Fleet Maintenance? We will answer all your Fleet Maintenance related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Fleet Maintenance Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 115 Fleet Maintenance Statistics on this page 🙂

Fleet Maintenance Benefits Statistics

  • Telematics improves safety all around, with more than a quarter citing driver monitoring (32%), speed prevention (26%) and preventing driver fatigue/exhaustion (30%). [0]

Fleet Maintenance Usage Statistics

  • A minority of fleets use their telematics solution to track idling (37%) harsh braking (33%), maintenance (32%) and fuel usage (30%). [0]
  • In the same survey, it was shown that usage of predictive maintenance had risen from 47% to 51%, and that running equipment to the point of failure had dropped from 61% to 57%. [1]

Fleet Maintenance Market Statistics

  • In this report, we break down the number of funded vehicles by 11 fleet management companies in the U.S. as well as the percentage of 2018 fleet registrations broken down by vehicle segment for the Canadian market. [2]
  • The trucking market is significant, as the industry transports 70% of the country’s goods. [3]
  • This has consequently inhibited the growth rate of the fleet management market for 2020 to 8%, nearly 1.5% lower than the previous year. [4]
  • As a result, all professional services offered by players in the fleet management market saw a negative growth of 1.9% in 2020, with support and maintenance services faring the worst at. [4]
  • In terms of application, fleet tracking and geofencing is likely to be one of the strongest gainers from developments in RFID technology, with the segment’s market value more than tripling from the current US$4.5bn to US$13.9bn by the end of the decade. [4]
  • The global fleet management market was valued at $19.47 billion in 2020, and is projected to reach $52.50 billion by 2030, registering a CAGR of 10.6% from 2021 to 2030. [5]
  • A. Fleet management holds a majority of market share in 2020 and is projected to grow at a CAGR of 10.6% during the forecast period. [5]
  • The global market for enterprise asset management software is valued at $4 billion, and it’s expected to grow at a CAGR of 11% per year. [1]

Fleet Maintenance Software Statistics

  • 55% of fleets reported reduced fuel costs from telematics software a huge win considering that fuel is the largest expense for 32% of fleets. [0]
  • 42% have seen fewer safety incidents since using fleet tracking software to monitor driver behavior. [0]
  • Thus, the demand for fleet management and telematics software has continued to grow at a rate of 10.6% and 9.9%, respectively. [4]
  • In future, the fleet management software segment is expected to breach the 12% mark in 2024, even as the telematics software segment reaches a high of 11.8%; moreover, this growth rate is expected to remain steady until 2030. [4]
  • This growth rate is expected to reach 7% by 2024, 8% by 2027, and 8.5% by 2029 even as growth in the hardware and software segment stabilises. [4]
  • The global market for enterprise asset management software is valued at $4 billion, and it’s expected to grow at a CAGR of 11% per year. [1]
  • Perhaps coincidentally, about 80% of all CMMS users don’t use all the functions offered by the software. [1]
  • For one company in 2017, data visualization software reduced production hours by 320 hours while also increasing production by 15%. [1]
  • In the same survey, it was shown that usage of predictive maintenance had risen from 47% to 51%, and that running equipment to the point of failure had dropped from 61% to 57%. [1]
  • Roughly 10% of industrial equipment ever actually wears out, meaning a very large portion of mechanical failures are avoidable. [1]
  • Historically, total productive maintenance has been shown to increase plant capacity by over 10% and productivity by 50%, but over half of all attempts to implement TPM result in failure. [1]

Fleet Maintenance Latest Statistics

  • Let’s start with the good 86% of fleets now use telematics, up significantly from just 48% two years ago and 82% in 2018. [0]
  • Most fleets (74%) monitor vehicle and equipment location with telematics and a good number track hours of service (66%) and speed (61%). [0]
  • Just 23% of fleets surveyed say they use big data analytics to guide strategic decision making, and only another 15% plan to in the future. [0]
  • While 66% use ELDs to track HOS, 24% still use paper logs and 19% are using AOBRDS despite the rapidly approaching December deadline. [0]
  • Overall, passenger car maintenance costs per unit, per month increased 3 5% percent in 2018. [2]
  • Overall, passenger car maintenance costs per unit, per month increased 5 7% percent in 2017. [2]
  • According to the American Trucking Associations ’s truck facts, the number of fleet vehicles in the US is around 37.9 million trucks registered for business purposes in 2019. [3]
  • Out of the 276 million registered vehicles in the US, 13.7% were trucks. [3]
  • Gross freight revenues from trucking’s primary shipments totaled $732.3 billion, which is 80.4% of the country’s 2020 freight bill. [3]
  • Between US and Canada, trucks transported 67.7% of goods in 2019. [3]
  • Despite fewer people driving early in 2020, the National Highway Traffic Safety Administration estimated that 38,680 people died in motor vehicle traffic crashes. [3]
  • 15% increase on urban interstates 11% increase on rural local or collector roads 9% increase during weekends 11% increase at nighttime Fatalities increased in the rural areas from March to December, with a 7% increase in a year from 2019 to 2020. [3]
  • According to NHTSA data, annual accidents are averaged at 5 million a year. [3]
  • While only 11% of the accidents include trucks, the death toll reported is above 4,000. [3]
  • Adjusting the numbers according to inflation, today’s average cost would be $120,000. [3]
  • The price of a new base Ford F150—the most popular truck by sales volume—has increased 11 percent since 2015 which brings the choice to lease a fleet vehicle into the fold. [6]
  • According to Ernst & Young, maintenance costs can attribute anywhere from 30 to 50 percent of the total cost of ownership for fleets. [6]
  • According to the Economic Policy institute and data from the Bureau of Labor Statistics, wage growth for production level/nonsupervisory workers was 3.3% in December 2018, compared to 2.4% the previous December. [6]
  • Employment of diesel service technicians and mechanics is projected to grow 8 percent from 2020 to 2030, about as fast as the average for all occupations. [7]
  • Did you know that of the ., 13.7% of them are trucks?. [8]
  • 276 million vehicles registered in the U.S in the USA, but 80% are classified as small businesses. [8]
  • Probably fewer than you think over 500,000 trucking companiesOnly 2.6% of fleets comprise more than 20 vehicles. [8]
  • , trucks move roughly 72.5% of the nation’s domestic freight by weight. [8]
  • American Trucking AssociationsTrucks are responsible for 67.7% of surface trade between the US and Canada. [8]
  • Trucks are responsible for 83.1% of surface trade between the US and Mexico. [8]
  • 94% of vehicle collisionslists common driver violations aslists common driver violations asFMCSAtrucking statisticsSpeedingFailure to obey traffic signsFailure to use a seatbeltRecord of duty status. [8]
  • Only around 11% of these involve trucks, but the associated death toll still reaches over 4000. [8]
  • NHTSA data74% involve a large truck28% involve single unit trucks52% occur on major roads33% occur on freeways and interstates68% of all fatalities are occupants of passenger vehiclesAverage Cost of LossThe FMCSA produced a white paper outlining the in 2007. [8]
  • For example, our has been proven to Driver Safety ProgramDecrease collision frequency by 58%Reduce traffic violations by 62%Improve response rates by 26% today to learn more about Book a demo.. [8]
  • AssociationsStatistaJournal of CommerceCRC Group,,,,,, Only 2.6% of fleets comprise more than 20 vehicles. [8]
  • AssociationsStatistaJournal of CommerceCRC Group,,,,,, Trucks are responsible for 67.7% of surface trade between the US and Canada. [8]
  • 94% of vehicle collisions Speeding Failure to obey traffic signs Failure to use a seatbelt Record of duty status violation. [8]
  • NHTSA data 74% involve a large truck 28% involve single unit trucks 52% occur on major roads 33% occur on freeways and interstates 68% of all fatalities are occupants of passenger vehicles. [8]
  • Driver Safety Program Decrease collision frequency by 58% Reduce traffic violations by 62%. [8]
  • Improve response rates by 26% today to learn more about. [8]
  • Overall employment of heavy vehicle and mobile equipment service technicians is projected to grow 11 percent from 2020 to 2030, faster than the average for all occupations. [9]
  • Notably, the growth figures for 2019 had stood at 4.2% and 4.5%, respectively. [4]
  • The growth is expected to reach the pre pandemic growth rates of approximately 11.5% and 11% by 2021, before further picking up. [4]
  • While accounting for a modest value of US$332bn in 2015, this hardware component had registered a steady growth rate between 11% and 12% until 2020, when it came down to around 9% and was valued at US$543m. [4]
  • It is expected to breach the 11% growth rate mark by 2024, after which it will follow an upward trajectory and breach the 15% mark in 2028; by 2030, it is estimated to reach a value of US$1.9bn. [4]
  • Overall, the services segment had been growing by an average 5 % to 5.5% between 2016 and 2019. [4]
  • Fleet Management Market AsiaPacific would exhibit the highest CAGR of 12.1% during 2021. [5]
  • The average salary reported this year is 4.6% higher than the average reported two years ago. [10]
  • Meanwhile, 38% of fleet respondents said they plan to retire in the next four years. [10]
  • This report covers federal fleet data and trends for the 2018 fiscal year, as reported by the U.S. General Services Administration. [10]
  • Auto Fleet Maintenance Manager 84% Auto Fleet Maintenance Manager 16% The most common ethnicity among Auto Fleet Maintenance Managers is White, which makes up 80.1% of all Auto Fleet Maintenance Managers. [11]
  • Comparatively, there are 9.4% of the Hispanic or Latino ethnicity and 6.4% of the Black or African American ethnicity. [11]
  • White, 80.1% Hispanic or Latino, 9.4% Black or African American, 6.4% Asian, 1.8%. [11]
  • Unknown, 1.7% American Indian and Alaska Native, 0.6%. [11]
  • Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010 2019 among Auto Fleet Maintenance Managers. [11]
  • Interestingly enough, the average age of Auto Fleet Maintenance Managers is 40+ years old, which represents 81% of the population. [11]
  • The most common degree for Auto Fleet Maintenance Managers is Associate Degree 38% of Auto Fleet Maintenance Managers earn that degree. [11]
  • A close second is Bachelor’s Degree with 31% and rounding it off is Master’s Degree with 19%. [11]
  • Masters, 19% High School Diploma, 13% Auto Fleet Maintenance Manager Wage Gap By Education Auto Fleet Maintenance Manager Employment Statistics. [11]
  • By looking over 28 Auto Fleet Maintenance Managers resumes, we figured out that the average Auto Fleet Maintenance Manager enjoys staying at their job for 1 2 years for a percentage of 41%. [11]
  • Locksmith 9.57% Slot Technician 6.29% Auto Fleet Maintenance Manager 3.96% Structures Mechanic 3.67% Electrical Maintenance Technician 3.55% Tire Technician 2.91% Machines Technician 2.02% Profession. [11]
  • This report covers federal fleet data and trends for the 2018 fiscal year, as reported by the U.S. General Services Administration. [12]
  • The average salary reported this year is 4.6% higher than the average reported two years ago. [12]
  • Meanwhile, 38% of fleet respondents said they plan to retire in the next four years. [12]
  • Maintenance costs are estimated to range between15% and 40%of total production costs . [1]
  • Predictive maintenanceis highly cost effective, saving roughly8% to 12%over preventive maintenance, and up to 40% over reactive maintenance. [1]
  • Between 2004 and 2008, the U.S. spent about 57% of its transportation infrastructure budget on new construction projects. [1]
  • The 43% leftover was spent on maintaining the 98.7% of roads remaining. [1]
  • The U.S. has over 47,000 bridges that are considered to be in urgent need of repairs, while 38% of all America’s bridges need some form of repair work. [1]
  • As of 2018, about 53% of facilities use a CMMS to monitor their maintenance. [1]
  • Additionally, 55% use spreadsheets and schedules, and 44% still use paper. [1]
  • In 2017, 78% of companies who used a CMMS to manage their assets reported seeing improvements in equipment life. [1]
  • Up to 80% of all attempted CMMS implementations fail. [1]
  • According to Plant Engineering’s2018 maintenance survey, preventive maintenance is favored by 80% of maintenance personnel. [1]
  • The overall use of predictive maintenance rose from 47% in 2017 to 51% in 2018, though preventive maintenance is still preferred by 80% of maintenance personnel. [1]
  • 80% of manufacturing plants use preventive maintenance, and over half use predictive maintenance with analytical tools. [1]
  • In 2012, the U.S. Bureau of Labor Statistics estimated that the nation would be short 10 million workers over the course of the following six years. [1]
  • Predictive analytics yields a tenfold return on investment, and it results in a savings of 30% to 40%. [1]
  • The number of facilities who considered this a challenge was li 49%. [1]
  • 79% of businesses see predictive maintenance as the main application of industrial data analytics. [1]
  • Out of an average working day, only24.5% of the average maintenance worker’s timeis spent performing productive tasks. [1]
  • Anestimated 20.9% of wasted timeresults from travelling to different areas in the facility, with an additional 19.8% resulting from waiting for instructions. [1]
  • Poor maintenance strategies can reduce a company’s production capacity byas much as 20%. [1]
  • Roughly82% of companiesexperienced at least one instance of unplanned downtime in the last three years. [1]
  • The average age of industrial assets in the United States is about20 years, according to the Bureau of Economic Analysis. [1]
  • Aging equipment is theleading cause of unplanned downtimesat 50%, with lack of time coming in at 14%, according to a 2016 survey by Plant Engineering. [1]
  • About 44% of all unscheduled equipment downtimes result from aging equipment, making it the leading cause of unscheduled downtime. [1]
  • Unplanned downtimes cost an estimated $50 billion every year. [1]
  • Overall, downtime costs most factories somewhere between 5% and 20% of their productive capacity. [1]
  • Up to 30% of all manufacturing deaths are related to a maintenance activity. [1]
  • Companies can save between 12% and 18% by using preventive maintenance over reactive, and each dollar spent on PM saves an average of $5 later on. [1]
  • Factories throughout the U.S. are estimated to be using about $40 billion worth of outdated equipment. [1]
  • As of 2017, about 53% of companies adopted big data analytics, which includes predictive maintenance and IIoT technologies. [1]
  • By 2024, IIoT technologies are predicted to help create nearly $800 billion in economic value. [1]
  • Roughly 30% of all manufacturers have difficulty understanding IoT. [1]
  • Worldwide spending on IoT technology is estimated to reach $1.2 trillion in 2024 with a CAGR of 13.6%. [1]
  • The number of connected devices in use worldwide is estimated to be over 17 billion, with 7 billion IoT devices. [1]
  • The job outlook for maintenance professionals is projected to grow at about 8% over the next ten years. [1]

I know you want to use Fleet Maintenance Software, thus we made this list of best Fleet Maintenance Software. We also wrote about how to learn Fleet Maintenance Software and how to install Fleet Maintenance Software. Recently we wrote how to uninstall Fleet Maintenance Software for newbie users. Don’t forgot to check latest Fleet Maintenance statistics of 2024.

Reference

  1. teletracnavman – https://www.teletracnavman.com/resources/blog/9-must-know-stats-on-the-state-of-fleet-management.
  2. upkeep – https://www.upkeep.com/learning/maintenance-statistics.
  3. automotive-fleet – https://www.automotive-fleet.com/statistics.
  4. netradyne – https://www.netradyne.com/blog/trucking-statistics-and-facts-for-fleet-managers-2024.
  5. automotiveworld – https://www.automotiveworld.com/articles/fleet-management-market-value-to-triple-by-2030/.
  6. alliedmarketresearch – https://www.alliedmarketresearch.com/fleet-management-market.
  7. fleetio – https://www.fleetio.com/blog/2019-fleet-industry-trends.
  8. bls – https://www.bls.gov/ooh/installation-maintenance-and-repair/diesel-service-technicians-and-mechanics.htm.
  9. lytx – https://resources.lytx.com/blog/trucking-statistics-and-facts-for-fleet-managers.
  10. bls – https://www.bls.gov/ooh/installation-maintenance-and-repair/heavy-vehicle-and-mobile-equipment-service-technicians.htm.
  11. government-fleet – https://www.government-fleet.com/statistics.
  12. zippia – https://www.zippia.com/auto-fleet-maintenance-manager-jobs/demographics/.
  13. government-fleet – https://www.government-fleet.com/operations/340774/2019-federal-fleet-statistics.

How Useful is Fleet Maintenance

First and foremost, fleet maintenance ensures the safety of drivers and passengers alike. Regular inspections and repairs can prevent accidents caused by faulty brakes, worn-out tires, or other mechanical issues. By addressing small problems before they turn into major ones, fleet maintenance not only keeps everyone safe on the road but also minimizes the risk of costly repairs or even legal liabilities.

Moreover, fleet maintenance can help businesses save money in the long run. While some may see it as an unnecessary expense, ignoring maintenance can lead to breakdowns, downtime, and decreased productivity. A well-maintained fleet, on the other hand, can operate more efficiently, reducing fuel consumption and extending the lifespan of vehicles. With regular maintenance, businesses can avoid unexpected repair costs and keep their operations running smoothly.

But fleet maintenance is not just about fixing problems when they arise – it’s also about preventive care. By staying on top of routine maintenance tasks like oil changes, battery checks, and tire rotations, businesses can avoid bigger issues down the line. Preventive maintenance can also improve the reliability and performance of vehicles, ensuring that they are always operating at their best.

In addition to safety and cost savings, fleet maintenance can also have a positive impact on the environment. Well-maintained vehicles are more fuel-efficient and produce fewer emissions, reducing their carbon footprint. By keeping up with maintenance schedules and ensuring that vehicles are operating properly, businesses can contribute to a cleaner and healthier environment for everyone.

Furthermore, fleet maintenance helps businesses maintain a positive reputation. Customers expect reliable and efficient service, and a company that takes care of its vehicles demonstrates its commitment to quality and professionalism. A well-maintained fleet can also help businesses stand out from the competition and attract new customers who value safety and reliability.

In conclusion, fleet maintenance is a crucial aspect of any business that relies on a fleet of vehicles. It ensures the safety of drivers and passengers, saves money in the long run, improves efficiency and performance, benefits the environment, and enhances the company’s reputation. Investing in fleet maintenance is an investment in the success and longevity of the business.

In Conclusion

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