Canada fleet management market is projected to register a CAGR of 8.1% in the forecast period of 2023 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022 and the forecast period is 2023 to 2030.
Market Segmentation
Canada Fleet Management Market, By Offering (Solution, Services), Lease Type (On-Lease, Without A Lease), Mode of Transport (Automotive, Marine, Rolling Stock, Aircraft), Vehicle Type (Internal Combustion Engines (ICE), Electric vehicle), Hardware (GPS Tracking Devices, Dash Cameras, Bluetooth Tracking Tags (BLE Beacons), Data Loggers, 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 and Long-Range Communication), Deployment Model (On-Premise, Cloud, and Hybrid), Technology (GNSS, Cellular Systems, Electronic Data Interchange (EDI), Remote Sensing, Computational Methods and Decision-Making. RFID, and Others), Function (Monitoring Driver Behavior, Fuel Consumption, Asset Management, ELD Complaint, Route Management, Vehicle Maintenance Updates, Delivery Schedule, Accident Prevention, Real-Time Vehicle Location, Mobile Apps, and Others), Operations (Private and Commercial), Business Type (Small Businesses and Large Businesses), End User (Automotive, Transportation & Logistics, Retail, Manufacturing, Food & Beverages, Energy & Utilities, Mining, Government, Healthcare, Agriculture, Construction, and Others), Country (Canada) Industry Trends and Forecast to 2030
Overview of Canada Fleet Management Market Dynamics
Driver
Increase in demand for logistics due to the e-commerce industry
Restraint
Lower efficiency in connectivity
Opportunity
Rise in the demand for utility vehicles
Market Players
Some of the major players operating in the market are:
Element Fleet Management Corp. (U.S.)
Verizon. (U.S.)
Geotab Inc. (Canada)
Motive Technologies, Inc. (U.S.)
Jim Pattison Lease (Canada)
Holman, Inc. (U.S.)
Cisco Systems, Inc. (U.S.)
Donlen (U.S.)
Omnitracs (a part of Solera) (U.S.)
Wheels Inc. (U.S.)
DENSO CORPORATION (Japan)
AT&T (U.S.)
Continental AG (Germany)
ORBCOMM (U.S.)
Summit Fleet Leasing and Management (Canada)
Siemens (Germany)
Foss National Leasing Ltd. (Canada)
Samsara Inc. (U.S.)
Sierra Wireless. (U.S.)
Mendix Technology BV (Netherlands)
ALD Automotive (France)
IBM (U.S.)
ADDISON LEASING OF CANADA LTD (Canada)
Robert Bosch GmbH (Germany)
RAM Tracking (U.K.)
TRANSFLO (U.S.)
TABLE OF CONTENTS
1 INTRODUCTION 22
1.1 OBJECTIVES OF THE STUDY 22
1.2 MARKET DEFINITION 22
1.3 OVERVIEW OF THE CANADA FLEET MANAGEMENT MARKET 22
1.4 CURRENCY AND PRICING 25
1.5 LIMITATIONS 25
1.6 MARKETS COVERED 25
2 MARKET SEGMENTATION 38
2.1 MARKETS COVERED 38
2.2 GEOGRAPHICAL SCOPE 39
2.3 YEARS CONSIDERED FOR THE STUDY 39
2.4 DBMR TRIPOD DATA VALIDATION MODEL 40
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 44
2.6 DBMR MARKET POSITION GRID 45
2.7 MULTIVARIATE MODELING 46
2.8 OFFERING TIMELINE CURVE 47
2.9 MARKET END-USE COVERAGE GRID 48
2.10 SECONDARY SOURCES 49
2.11 ASSUMPTIONS 49
3 EXECUTIVE SUMMARY 50
4 PREMIUM INSIGHTS 53
5 MARKET OVERVIEW 54
5.1 DRIVERS 56
5.1.1 INCREASE IN DEMAND FOR LOGISTICS DUE TO THE E-COMMERCE INDUSTRY 56
5.1.2 RISE IN DEMAND FOR IMPROVEMENT OF CUSTOMER SERVICES 56
5.1.3 RAPID ADOPTION OF FUEL MANAGEMENT SYSTEMS IN FLEETS 57
5.1.4 INCREASE IN DEMAND FOR FULL-SERVICE LEASING 58
5.2 RESTRAINTS 59
5.2.1 LOWER EFFICIENCY IN CONNECTIVITY 59
5.2.2 IMPROPER GUIDANCE FOR ENABLING THE ROUTE 59
5.3 OPPORTUNITIES 60
5.3.1 RISE IN THE DEMAND FOR UTILITY VEHICLES 60
5.3.2 RISE IN THE TREND OF GLOBALIZATION 61
5.3.3 INCREASING PARTNERSHIP, ACQUISITION, AND COLLABORATION AMONG MARKET PLAYERS 62
5.3.4 INCREASE IN DATA-DRIVEN MODELS IN MOBILITY 62
5.4 CHALLENGES 64
5.4.1 ACCUMULATION OF HUGE DATA VOLUME 64
5.4.2 RISE IN CYBER THREATS 65
6 CANADA FLEET MANAGEMENT MARKET, BY FUNCTIONS 66
6.1 OVERVIEW 67
6.2 ASSET MANAGEMENT 68
6.3 ROUTE MANAGEMENT 68
6.4 FUEL CONSUMPTION 68
6.5 REAL TIME VEHICLE LOCATION 68
6.6 DELIVERY SCHEDULE 68
6.7 ACCIDENT PREVENTION 69
6.8 MOBILE APPS 69
6.9 MONITORING DRIVER BEHAVIOR 69
6.10 VEHICLE MAINTENANCE UPDATES 69
6.11 ELD COMPLIANCE 69
6.12 OTHERS 69
7 CANADA FLEET MANAGEMENT MARKET, BY OPERATIONS 70
7.1 OVERVIEW 71
7.2 COMMERCIAL 72
7.3 PRIVATE 72
8 CANADA FLEET MANAGEMENT MARKET, BY BUSINESS TYPE 73
8.1 OVERVIEW 74
8.2 LARGE BUSINESS 75
8.2.1 FLORIST & GIFT DELIVERY BUSINESS 75
8.2.2 CATERING & FOOD DELIVERING COMPANY 75
8.2.3 CLEANING SERVICE COMPANY 75
8.2.4 ELECTRICIAN/PLUMBING/HVAC COMPANY 75
8.2.5 LANDSCAPING BUSINESS 75
8.3 SMALL BUSINESS 76
8.3.1 RENTAL CAR/TRUCK COMPANY 76
8.3.2 MOVING COMPANY 76
8.3.3 TAXI COMPANY 76
8.3.4 DELIVERY COMPANY 76
8.3.5 LONG HAUL SEMI-TRUCK COMPANY 76
9 CANADA FLEET MANAGEMENT MARKET, BY LEASE TYPE 77
9.1 OVERVIEW 78
9.2 ON-LEASE 79
9.3 WITHOUT LEASE 79
9.3.1 OPEN ENDED 79
9.3.2 CLOSE ENDED 79
10 CANADA FLEET MANAGEMENT MARKET, BY MODE OF TRANSPORT 80
10.1 OVERVIEW 81
10.1.1 AUTOMOTIVE 82
10.1.2 LIGHT COMMERCIAL VEHICLE 82
10.1.2.1 PICK UP TRUCKS 82
10.1.2.2 VANS 82
10.1.2.2.1 PASSENGER VAN 83
10.1.2.2.2 CARGO VAN 83
10.1.2.3 MINI BUS 83
10.1.2.4 OTHERS 83
10.1.3 PASSENGER CARS 83
10.1.3.1 SUV 84
10.1.3.2 HATCHBACK 84
10.1.3.3 SEDAN 84
10.1.3.4 COUPE 84
10.1.3.5 CROSSOVER 84
10.1.3.6 CONVERTIBLE 84
10.1.3.7 OTHERS 84
10.1.4 HEAVY COMMERCIAL VEHICLE 85
10.1.4.1 TRUCKS 85
10.1.4.2 TRAILERS 85
10.1.4.3 FORKLIFTS 85
10.1.4.4 SPECIALIST VEHICLES (SUCH AS MOBILE CONSTRUCTION MACHINERY) 85
10.1.5 MARINE 86
10.1.6 ROLLING STOCK 86
10.1.7 AIRCRAFT 86
11 CANADA FLEET MANAGEMENT MARKET, BY VEHICLE TYPE 87
11.1 OVERVIEW 88
11.2 INTERNAL COMBUSTION ENGINE 89
11.2.1 PETROL 89
11.2.2 DIESEL 89
11.2.3 CNG 89
11.2.4 OTHERS 89
11.3 ELECTRIC VEHICLE 89
11.3.1 BATTERY ELECTRIC VEHICLE (BEV) 90
11.3.2 PLUG-IN ELECTRIC VEHICLE (PEV) 90
11.3.3 HYBRID ELECTRIC VEHICLES (HEVS) 90
12 CANADA FLEET MANAGEMENT MARKET, BY HARDWARE 91
12.1 OVERVIEW 92
12.2 GPS TRACKING DEVICES 93
12.3 DASH CAMERAS 93
12.4 BLUETOOTH TRACKING TAGS 93
12.5 DATA LOGGERS 93
12.6 OTHERS 93
13 CANADA FLEET MANAGEMENT MARKET, BY FLEET SIZE 94
13.1 OVERVIEW 95
13.2 SMALL FLEETS (1-5 VEHICLES) 96
13.3 MEDIUM FLEETS (5-20 VEHICLES) 96
13.4 LARGE & ENTERPRISE FLEETS (20-50+ VEHICLES) 96
14 CANADA FLEET MANAGEMENT MARKET, BY COMMUNICATION RANGE 97
14.1 OVERVIEW 98
14.2 SHORT RANGE COMMUNICATION 99
14.3 LONG RANGE COMMUNICATION 99
15 CANADA FLEET MANAGEMENT MARKET, BY DEPLOYMENT MODEL 100
15.1 OVERVIEW 101
15.2 ON-PREMISE 102
15.3 CLOUD 102
15.4 HYBRID 102
16 CANADA FLEET MANAGEMENT MARKET, BY OFFERING 103
16.1 OVERVIEW 104
16.2 SOLUTIONS 105
16.2.1 ETA PREDICTIONS 105
16.2.1.1 STREAMLINED ROUTES 106
16.2.1.2 DETAILED LOCATION DATA 106
16.2.1.3 BREAKDOWN NOTIFICATION 106
16.2.2 OPERATIONS MANAGEMENT 106
16.2.2.1 FLEET TRACKING & GEO-FENCING 107
16.2.2.2 ROUTING & SCHEDULING 107
16.2.2.3 REAL & IDLE TIME MONITORING 107
16.2.3 PERFORMANCE MANAGEMENT 107
16.2.3.1 DRIVER MANAGEMENT 108
16.2.3.1.1 TRACKING 108
16.2.3.1.2 ROADSIDE/EMERGENCY ASSISTANCE FOR DRIVERS 108
16.2.3.1.3 MONITORING OF MISUSE (HARD BRAKING) 108
16.2.3.2 FLEET MANAGEMENT & TRACKING 108
16.2.3.2.1 REAL TIME ROUTING 109
16.2.3.2.2 SPEED/IDLING REAL TIME FEEDBACK 109
16.2.3.2.3 ENGINE DATA VIA ON-BOARD SENSORS 109
16.2.4 VEHICLE MAINTENANCE & DIAGNOSTICS 109
16.2.5 SAFETY & COMPLIANCE MANAGEMENT 109
16.2.6 FLEET ANALYTICS AND REPORTING 109
16.2.7 CONTRACT MANAGEMENT 109
16.2.7.1 BY STRUCTURE 110
16.2.7.1.1 LEASING 110
16.2.7.1.2 FUEL MANAGEMENT AND EV CHARGING 110
16.2.7.1.3 MAINTENANCE SPEND PLANNING 110
16.2.7.1.4 ACCIDENT MANAGEMENT 110
16.2.7.1.5 VEHICLE REGISTRATION 110
16.2.7.1.6 ADMINISTRATIVE COST 111
16.2.7.1.7 OTHERS 111
16.2.7.2 BY MODEL 111
16.2.7.2.1 LONG TERM CONTRACT 111
16.2.7.2.2 SHORT TERM CONTRACT 111
16.2.8 RISK MANAGEMENT 111
16.2.9 ELECTRIFICATION 111
16.2.10 REMARKETING 111
16.2.11 OTHERS 112