Fleet Management Statistics 2024 – Everything You Need to Know

Are you looking to add Fleet Management 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 Management statistics of 2024.

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

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

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

Best Fleet Management Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 113 Fleet Management Statistics on this page 🙂

Fleet Management 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]
  • According to a G2 article, these are some of the benefits experienced by logistics professionals after using vehicle management technology. [1]

Fleet Management Usage Statistics

  • A minority of fleets use their telematics solution to track idling (37%) harsh braking (33%), maintenance (32%) and fuel usage (30%). [0]

Fleet Management 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]
  • 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. [4]
  • 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. [4]
  • This has consequently inhibited the growth rate of the fleet management market for 2020 to 8%, nearly 1.5% lower than the previous year. [5]
  • 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. [5]
  • 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. [5]
  • Get more details on this report Request Free Sample PDF In Germany, the vehicle tracking system market is set to witness around 15% CAGR during 2021 to 2027 driven by the growing need for fuel management and. [6]
  • In India, commercial vehicles held above 50% of the fleet management market revenue share in 2020 led by the growing demand to improve driving practices across the commercial vehicle segment. [6]
  • Worldwide fleet management market had reached a value of USD 16 billion in 2020 and could expand at a 15% CAGR over 2021. [6]
  • China fleet management market share from manufacturing sector should expand at a 20% CAGR over 2021 2027 with increasing realization for the need to improve supply chain. [6]

Fleet Management 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. [5]
  • 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. [5]
  • 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. [5]
  • And with 62% of GPS tracking users reporting a positive ROI, according to the 2024 Fleet Technology Trends Report, fleet tracing software is showing its worth. [7]

Fleet Management Latest Statistics

  • 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]
  • 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]
  • 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]
  • By 2020, the installed base of fleet management systems is estimated to grow to around 12.7 million units. [9]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [9]
  • Fleet Management Market AsiaPacific would exhibit the highest CAGR of 12.1% during 2021. [4]
  • 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]
  • 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. [10]
  • According to Ernst & Young, maintenance costs can attribute anywhere from 30 to 50 percent of the total cost of ownership for fleets. [10]
  • 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. [10]
  • 16.8% of all Fleet Managers are women, while83.2%aremen. [11]
  • The most common ethnicity of Fleet Managers is White (65.8%), followed by Hispanic or Latino (16.1%) and Black or African American (10.4%). [11]
  • In 2021, women earned 97% of what men earned. [11]
  • The top 10% of highest paid Fleet Managers earn as much as $75,000 or more. [11]
  • Among Fleet Managers, 16.8% of them are women compared to 83.2% which are men. [11]
  • Job Title Male Female Executive Assistant/Human Resources 7% 93% Office Manager Of Human Resources 10% 90% Business Office Manager 15% 85% Fleet Manager 83% 17% Maintenance Director 97% 3% Plant Superintendent 97% 3% General Road Foreman 97% 3%. [11]
  • The most common ethnicity among Fleet Managers is White, which makes up 65.8% of all Fleet Managers. [11]
  • Comparatively, there are 16.1% of the Hispanic or Latino ethnicity and 10.4% of the Black or African American ethnicity. [11]
  • White, 65.8% Hispanic or Latino, 16.1% Black or African American, 10.4% Asian, 5.1%. [11]
  • Unknown, 1.9% American Indian and Alaska Native, 0.7% Fleet Manager Race Percentages. [11]
  • Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010 2019 among Fleet Managers. [11]
  • Interestingly enough, the average age of Fleet Managers is 40+ years old, which represents 67% of the population. [11]
  • 53% of Fleet Managers earn that degree. [11]
  • A close second is Associate Degree with 21% and rounding it off is High School Diploma with 13%. [11]
  • Bachelors, 53% Associate, 21% High School Diploma, 13% Masters, 6% Other Degrees, 7% Fleet Manager Degree Percentages Fleet Manager Wage Gap By Education. [11]
  • < 50 employees 50 100 employees 100 500 employees 500 1,000 employees 1,000 10,000 employees > 10,000 Company Size Percentages Employees with the Fleet Manager job title have their preferences when it comes to working for a company. [11]
  • By looking over 8,781 Fleet Managers resumes, we figured out that the average Fleet Manager enjoys staying at their job for 1 2 years for a percentage of 34%. [11]
  • The most common foreign language among Fleet Managers is Spanish at 44.1%. [11]
  • The secondmost popular foreign language spoken is Carrier at 15.3% and German is the third most popular at 8.2%. [11]
  • Spanish, 44.1% Carrier, 15.3% German, 8.2% French, 5.3% Russian, 3.5% Other, 23.6% Foreign Language Percentages. [11]
  • Notably, the growth figures for 2019 had stood at 4.2% and 4.5%, respectively. [5]
  • The growth is expected to reach the pre pandemic growth rates of approximately 11.5% and 11% by 2021, before further picking up. [5]
  • 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. [5]
  • 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. [5]
  • Overall, the services segment had been growing by an average 5 % to 5.5% between 2016 and 2019. [5]
  • • 2 hours ago Stocks open lower as indexes head for monthly losses; Amazon shares slide 10% after results disappoint News. [12]
  • % Held by Insiders 10.17% %. [12]
  • Short % of Float 4N/A. [12]
  • Short % of Shares Outstanding 41.79%. [12]
  • Return on Assets 2.55% Return on Equity 9.84%. [12]
  • Quarterly Revenue Growth 2.40% Gross Profit 1.42B. [12]
  • Quarterly Earnings Growth 20.80% Balance Sheet. [12]
  • Fleets that invest in GPS fleet tracking technology don’t have to wait long before realizing true value from their investment, according to the 2024 Fleet Technology Trends Report. [7]
  • The survey, conducted for Verizon Connect by Bobit Business Media, found that 42% of respondents across industries achieved a positive ROI in less than a year. [7]
  • More than 70% of users are leveraging fleet tracking technology to better manage their operations, signaling the effectiveness of the solution. [7]
  • Twenty nine percent of respondents are fleet managers and 32% are at the executive level in their organizations. [7]
  • In fact, 31% reported seeing a positive ROI within six months of adopting fleet tracking technology. [7]
  • Of the respondents in the transportation vertical, 52% achieved a positive ROI in under one year, while 51% of those in construction and 32% of those in government did the same. [7]
  • On average, survey respondents reported a 14% decrease in accident costs, a 10% decrease in fuel costs and a 10% decrease in labor costs. [7]
  • A GPS fleet tracking solution helped 42% of respondents improve routing, 46% improve productivity and 48% improve customer service all contributing to a better bottom line. [7]
  • The average salary reported this year is 4.6% higher than the average reported two years ago. [13]
  • Meanwhile, 38% of fleet respondents said they plan to retire in the next four years. [13]
  • This report covers federal fleet data and trends for the 2018 fiscal year, as reported by the U.S. General Services Administration. [13]
  • Over 40% of logistics managers reported a decrease in driver safety incidents since starting to use fleet vehicle tracking systems. [1]
  • More than 50% of businesses have registered an improvement in customer service. [1]
  • 55% of fleets managed to decrease fuel consumption. [1]
  • as13% Improve driver safety and customer satisfaction. [1]
  • In the US alone, the transportation industry is responsible for 29% of the total greenhouse gas emissions. [1]
  • Moreover, World Economic Forum estimates that carbon emissions will increase by 30% by 2030 due to the rising number of fleets. [1]
  • According to a recent article by InsideEVs, one in 40 vehicles registered in 2024 was an electric vehicle. [1]
  • ENYP Charity increases deliveries by 357% with efficient route optimization, vehicle management, and driver coordination. [1]
  • Fleet Management Market size exceeded USD 16 billion in 2020 and is expected to grow at a CAGR of over 15% from 2021 to 2027. [6]
  • Forecast Period2021 to 2027 Forecast Period 2021 to 2027 CAGR15%. [6]
  • In China, the manufacturing industry is estimated to register growth rate of more than 20% CAGR through 2027 propelled by rising demand to improve the supply chain across production facilities. [6]
  • Germany vehicle tracking industry could grow at a CAGR of over 15% through 2027 with gradual reduction in insurance costs and higher demand for fuel management. [6]
  • Commercial vehicles segment captured more than 50% share of India fleet management industry in terms of revenue with increased focus on better driving practices. [6]

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

Reference


  1. teletracnavman – https://www.teletracnavman.com/resources/blog/9-must-know-stats-on-the-state-of-fleet-management.
  2. route4me – https://support.route4me.com/faq/route-planning-glossary/what-is-fleet-management/.
  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. alliedmarketresearch – https://www.alliedmarketresearch.com/fleet-management-market.
  6. automotiveworld – https://www.automotiveworld.com/articles/fleet-management-market-value-to-triple-by-2030/.
  7. gminsights – https://www.gminsights.com/industry-analysis/fleet-management-market.
  8. verizonconnect – https://www.verizonconnect.com/resources/article/positive-roi-fleet-trends-2024/.
  9. lytx – https://resources.lytx.com/blog/trucking-statistics-and-facts-for-fleet-managers.
  10. statista – https://www.statista.com/statistics/261378/number-of-fleet-management-systems-in-use-in-north-america/.
  11. fleetio – https://www.fleetio.com/blog/2019-fleet-industry-trends.
  12. zippia – https://www.zippia.com/fleet-manager-jobs/demographics/.
  13. yahoo – https://finance.yahoo.com/quote/EFN.TO/key-statistics/.
  14. government-fleet – https://www.government-fleet.com/operations/340772/2019-benchmarking-statistics.

How Useful is Fleet Management

One of the key benefits of fleet management is the ability to track and monitor the movements of vehicles in real-time. By installing GPS tracking systems in each vehicle, fleet managers can obtain accurate, up-to-date information on the location and status of their entire fleet. This allows for better route planning, improved fuel efficiency, and enhanced driver safety. With this level of visibility, businesses can respond quickly to any unexpected events, such as traffic congestion or vehicle breakdowns, ensuring that deliveries are made on time and customers are satisfied.

Maintenance is another crucial aspect of fleet management that cannot be overlooked. By implementing a proactive maintenance schedule, fleet managers can reduce the likelihood of breakdowns, extend the lifespan of their vehicles, and minimize repair costs. Regular upkeep also helps to ensure that vehicles comply with safety regulations and emissions standards, a factor that is becoming increasingly important in today’s environmentally conscious world. By staying on top of maintenance and repairs, businesses can avoid costly downtime and keep their fleets operating efficiently.

In addition to tracking vehicles and managing maintenance, fleet management systems offer a range of other features that contribute to overall fleet efficiency. For example, many systems are equipped with driver behavior monitoring tools that analyze driving patterns and provide valuable insights for improving driver performance. By incentivizing safe driving practices and reducing instances of speeding, harsh braking, and idling, businesses can enhance fuel efficiency, reduce insurance costs, and minimize wear and tear on vehicles.

Moreover, fleet management systems often include comprehensive reporting capabilities that help businesses make informed decisions about their operations. By generating detailed reports on fuel consumption, maintenance costs, and driver performance, fleet managers can identify areas for improvement and implement targeted strategies to boost overall efficiency. These insights enable businesses to optimize their fleets, reduce operational expenses, and increase profitability in the long run.

Ultimately, the value of fleet management extends beyond mere cost savings and efficiency gains. By implementing best practices and utilizing technology to its full potential, businesses can improve customer service, ensure regulatory compliance, and enhance their overall reputation in the marketplace. A well-managed fleet reflects positively on a company’s professionalism and commitment to excellence, setting them apart from competitors and building trust with customers.

In conclusion, fleet management is an invaluable tool for businesses looking to streamline their operations, reduce costs, and drive greater success. By investing in advanced technology, implementing best practices, and leveraging data-driven insights, organizations can optimize their fleets and achieve a competitive edge in today’s fast-paced business environment.

In Conclusion

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