Are you looking to add Fleet Tracking 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 Tracking statistics of 2024.
My team and I scanned the entire web and collected all the most useful Fleet Tracking stats on this page. You don’t need to check any other resource on the web for any Fleet Tracking statistics. All are here only 🙂
How much of an impact will Fleet Tracking have on your day-to-day? or the day-to-day of your business? Should you invest in Fleet Tracking? We will answer all your Fleet Tracking related questions here.
Please read the page carefully and don’t miss any word. 🙂
On this page, you’ll learn about the following:
Best Fleet Tracking Statistics
☰ Use “CTRL+F” to quickly find statistics. There are total 108 Fleet Tracking Statistics on this page 🙂Fleet Tracking 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]
- The dual mode communication type is expected to grow at a rate of over 25% due to the increase in the focus of fleet managers to get combined benefits of cellular and satellite communication. [1]
Fleet Tracking 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 Tracking 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]
- Wireless vehicle tracking device market is expected to show a growth rate of over 20% during the forecast period due to the increase in the adoption of wireless technologies. [1]
- Free Sample PDF The Light Commercial Vehicle segment held a market share of over 60% in 2018 due to the demand for costeffective and low emission ways to better manage fleet operations. [1]
- The Heavy Commercial Vehicle segment in vehicle tracking device market is expected to show a CAGR of over 25% due to the growing need to monitor the vehicle movements, carrying both personnel and materials. [1]
- The cellular vehicle tracking devices held a vehicle tracking device market share of over 40% in 2018 due to the deep penetration of the 4G LTE network across the world. [1]
- The transportation & logistics application segment held a vehicle tracking device market share of over 30% in 2018 due to the adoption of fleet management solutions for improving the operational efficiency of transportation & logistics companies. [1]
- The emergency services segment in vehicle tracking device market is expected to show a growth rate of over 25% during the forecast period due to the demand for reduced response time in cases of emergency. [1]
- Vehicle Tracking Device Market, By Region Europe vehicle tracking device market is expected to show a growth rate of over 17% during the forecast period due to the growing government investments in advanced technologies to improve public transportation. [1]
- Europe market will likely witness robust growth of over 17% during the forecast period on account of increased government spending on advanced technologies to improve public transportation. [1]
- Wired vehicle tracking devices are expected to hold a market share of over 50% by 2025 due to provision of reliable power connection for wired devices. [1]
- From 2021 to 2030, the global field service management market size is estimated to grow at a CAGR of 19.7%. [3]
- The global market for field service management was estimated to have reached $4,005.00 million in 2020. [3]
- In the US, the field service management software industry market size, on average, has grown 13.0% every year from 2017 to 2024. [3]
- Segments by market share are 84% – Cybersecurity. [3]
- The trucking market is significant, as the industry transports 70% of the country’s goods. [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 Africa vehicle tracking system market was valued at $8.99 million in 2019, and is projected to reach $26.53 million by 2027, registering a CAGR of 14.9% from 2020 to 2027. [6]
- The Africa vehicle tracking system market size is expected to reach $26.53 million by 2027, from $8.99 million in 2019, growing at a CAGR of 14.9% from 2020 to 2027 Q3. [6]
Fleet Tracking 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]
- 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]
- In the US, the field service management software industry market size, on average, has grown 13.0% every year from 2017 to 2024. [3]
- In a recent survey, 72% of respondents used GPS fleet tracking software in 2020. [3]
- A year before, in 2020, 61% of fleet managers think that the most important feature of FSM software is its ability to capture customer information and job details and automatically update records. [3]
- 64% – the ability to handle changing priorities 64% – accelerating software delivery 47% – boosting team productivity. [3]
Fleet Tracking Adoption Statistics
- Wireless vehicle tracking device market is expected to show a growth rate of over 20% during the forecast period due to the increase in the adoption of wireless technologies. [1]
- The transportation & logistics application segment held a vehicle tracking device market share of over 30% in 2018 due to the adoption of fleet management solutions for improving the operational efficiency of transportation & logistics companies. [1]
Fleet Tracking 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]
- 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]
- By 2020, the installed base of fleet management systems is estimated to grow to around 12.7 million units. [8]
- Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [8]
- PDF Request Free Sample Industry Trends Vehicle Tracking Device Market size in 2018 exceeded 18,984 thousand units with a industry value of over USD 600 million and is estimated to grow at a CAGR of over 20% from 2019 to 2025. [1]
- Forecast Period2019 to 2025 Forecast Period 2019 to 2025 CAGR20%. [1]
- According to the report released by the European Commission’s Broadband Coverage in Europe 2017 report, LTE coverage has already reached 99% households in European countries. [1]
- The industry share of vehicle tracking device is projected to expand at 20% CAGR during 2019 to 2025. [1]
- Did you know that of the ., 13.7% of them are trucks?. [9]
- 276 million vehicles registered in the U.S in the USA, but 80% are classified as small businesses. [9]
- Probably fewer than you think over 500,000 trucking companiesOnly 2.6% of fleets comprise more than 20 vehicles. [9]
- , trucks move roughly 72.5% of the nation’s domestic freight by weight. [9]
- American Trucking AssociationsTrucks are responsible for 67.7% of surface trade between the US and Canada. [9]
- Trucks are responsible for 83.1% of surface trade between the US and Mexico. [9]
- 94% of vehicle collisionslists common driver violations aslists common driver violations asFMCSAtrucking statisticsSpeedingFailure to obey traffic signsFailure to use a seatbeltRecord of duty status. [9]
- Only around 11% of these involve trucks, but the associated death toll still reaches over 4000. [9]
- 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. [9]
- 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.. [9]
- AssociationsStatistaJournal of CommerceCRC Group,,,,,, Only 2.6% of fleets comprise more than 20 vehicles. [9]
- AssociationsStatistaJournal of CommerceCRC Group,,,,,, Trucks are responsible for 67.7% of surface trade between the US and Canada. [9]
- 94% of vehicle collisions Speeding Failure to obey traffic signs Failure to use a seatbelt Record of duty status violation. [9]
- 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. [9]
- Driver Safety Program Decrease collision frequency by 58% Reduce traffic violations by 62%. [9]
- Improve response rates by 26% today to learn more about. [9]
- 30% of car accident fatalities are linked to speeding. [10]
- ISOTECH, a pest management company that implemented a GPS tracking system, benefited from an 80% reduction in accidents after just four months of use. [10]
- In fact, 55% of fleet managers and executives reported that the pandemic negatively impacted their businesses. [3]
- 55% of fleet managers and executives reported that the COVID 19 pandemic came with a negative business impact. [3]
- Amid the pandemic, 44% of fleet managers see increasing costs as their top challenge in this time of economic and regulatory uncertainty. [3]
- This is eight percentage points higher than the recorded 64% in 2019. [3]
- 50% – Construction Workforce Statistics in Field Service Management. [3]
- Benefits of GPS Fleet Tracking in Field Service Management 11% decrease in accident costs 10% decrease in labor costs 8% decrease in fuel costs. [3]
- In the same survey, it was found that 32% of businesses that implemented fleet tracking technology began seeing a positive ROI in just six months. [3]
- 59% – less than a year 21% – one year or more 50% – less than a year 19% – one year or more 36% – less than a year 26% – one year or more 35% – less than a year 31% – one year or more. [3]
- Goals Achieved Since Implementing FSM Software 62% – improved customer service. [3]
- 50% – improved routing 49% – improved productivity 41% – improved vehicle maintenance. [3]
- They are 63% – improved vehicle maintenance 53% – decreased fuel consumption 50% – improved customer service. [3]
- Here they are by share of respondents 78% – improved driver safety. [3]
- 42% – reduced insurance costs Transportation. [3]
- 14% – Accident Cost Reduction 9% – Labor Cost Reduction. [3]
- 5% – Labor Cost Reduction Construction 8% – Fuel Cost Reduction. [3]
- 14% – Accident Cost Reduction 10% – Labor Cost Reduction Services 9% – Fuel Cost Reduction 8% – Accident Cost Reduction 15% – Labor Cost Reduction. [3]
- The combination of mobility and artificial intelligence improves field service agent productivity by 30% to 40%. [3]
- 73% of field management firms have already incorporated the Internet of Things into their operations. [3]
- About 75% of field service businesses that utilize mobility tools have observed increased employee productivity, while the rest have seen customer satisfaction rates rise. [3]
- 77% of FSOs invest in technology and solutions geared towards information enablement. [3]
- In 2021, the estimated value rose to $796 billion. [3]
- This is a growth of 4.15%. [3]
- 66% – Automation 59% – AI 49% – 5G 43% – IoT. [3]
- 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. [4]
- Out of the 276 million registered vehicles in the US, 13.7% were trucks. [4]
- Gross freight revenues from trucking’s primary shipments totaled $732.3 billion, which is 80.4% of the country’s 2020 freight bill. [4]
- Between US and Canada, trucks transported 67.7% of goods in 2019. [4]
- Despite fewer people driving early in 2020, the National Highway Traffic Safety Administration estimated that 38,680 people died in motor vehicle traffic crashes. [4]
- 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. [4]
- According to NHTSA data, annual accidents are averaged at 5 million a year. [4]
- While only 11% of the accidents include trucks, the death toll reported is above 4,000. [4]
- Adjusting the numbers according to inflation, today’s average cost would be $120,000. [4]
- Fleet Management Market AsiaPacific would exhibit the highest CAGR of 12.1% during 2021. [5]
- 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. [11]
- According to Ernst & Young, maintenance costs can attribute anywhere from 30 to 50 percent of the total cost of ownership for fleets. [11]
- 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. [11]
- According to the Brake road safety charity, at least one in three (31%) fatal crashes and one in four (26%). [12]
- According to the International Loss Control Institute, for every £1 an insurer pays out, the uninsured losses can be as much as between £8 and £53!. [12]
- Accident rates have been known to reduce by as much as 38% after drivers have been through advanced driver training courses. [12]
I know you want to use Fleet Tracking Software, thus we made this list of best Fleet Tracking Software. We also wrote about how to learn Fleet Tracking Software and how to install Fleet Tracking Software. Recently we wrote how to uninstall Fleet Tracking Software for newbie users. Don’t forgot to check latest Fleet Tracking statistics of 2024.
Reference
- teletracnavman – https://www.teletracnavman.com/resources/blog/9-must-know-stats-on-the-state-of-fleet-management.
- gminsights – https://www.gminsights.com/industry-analysis/vehicle-tracking-market.
- automotive-fleet – https://www.automotive-fleet.com/statistics.
- financesonline – https://financesonline.com/field-service-management-software-statistics/.
- netradyne – https://www.netradyne.com/blog/trucking-statistics-and-facts-for-fleet-managers-2024.
- alliedmarketresearch – https://www.alliedmarketresearch.com/fleet-management-market.
- alliedmarketresearch – https://www.alliedmarketresearch.com/africa-vehicle-tracking-system-market-A06641.
- verizonconnect – https://www.verizonconnect.com/resources/article/positive-roi-fleet-trends-2024/.
- statista – https://www.statista.com/statistics/261378/number-of-fleet-management-systems-in-use-in-north-america/.
- lytx – https://resources.lytx.com/blog/trucking-statistics-and-facts-for-fleet-managers.
- gpstrackit – https://gpstrackit.com/blog/vehicle-tracking-systems-reduce-accidents/.
- fleetio – https://www.fleetio.com/blog/2019-fleet-industry-trends.
- chevinfleet – https://www.chevinfleet.com/learning-zone/tracking-fleet-accident-statistics/.
How Useful is Fleet Tracking
When it comes to managing a fleet of vehicles, whether it’s delivery trucks, service vehicles, or company cars, fleet tracking can provide a wealth of valuable information to help businesses make informed decisions. By using GPS technology, fleet tracking systems allow businesses to monitor the location of their vehicles in real-time, track their routes, and analyze their performance. This can help businesses improve their scheduling and routing, optimize their delivery or service times, and even reduce fuel consumption by finding more efficient routes.
But fleet tracking is about more than just knowing where your vehicles are. It can also provide valuable insights into driver behavior. With features like speed monitoring, harsh braking detection, and idling reports, businesses can identify unsafe driving habits and take proactive steps to address them. This not only improves the safety of the driver and other road users but also reduces the risk of accidents and the associated costs.
In addition, fleet tracking technology can help businesses better manage their maintenance schedules and reduce downtime. By tracking the mileage, engine hours, and maintenance history of each vehicle, businesses can schedule regular maintenance more effectively, preventing breakdowns and costly repairs. This proactive approach to vehicle maintenance can extend the lifespan of the fleet and ensure that vehicles are always in top condition.
Furthermore, fleet tracking can play a crucial role in improving customer satisfaction. By providing customers with accurate and updated information about the status of their deliveries or services, businesses can boost trust and loyalty. Customers appreciate knowing when to expect their deliveries or service visits, and fleet tracking can provide this information in real-time. Additionally, businesses can use the data collected by fleet tracking systems to improve their response times and increase overall customer satisfaction.
For businesses relying on fleet operations, the benefits of fleet tracking are undeniable. It can help businesses streamline their operations, reduce costs, improve safety, and enhance customer satisfaction. However, the usefulness of fleet tracking ultimately depends on how businesses utilize the data and insights it provides. Implementing a fleet tracking system is just the first step – businesses must actively analyze the data, make informed decisions, and take action to see tangible results.
In conclusion, fleet tracking is a valuable tool for businesses looking to optimize their operations and improve their bottom line. By harnessing the power of GPS technology and data analytics, businesses can gain valuable insights into their fleet operations, identify opportunities for improvement, and drive continuous growth. The usefulness of fleet tracking is evident – it’s up to businesses to make the most of it.
In Conclusion
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