Fleet Management Market Outlook:
Fleet Management Market size was valued at USD 28.33 billion in 2025 and is likely to cross USD 81.9 billion by 2035, registering more than 11.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of fleet management is estimated at USD 31.19 billion.
The market growth can be attributed primarily to how transportation in logistics is evolving day by day. It was observed that worldwide, the share of the fleet that had incorporated GPS fleet tracking had increased from about 65% in 2019 to over 71% in 2020. Such technology in logistics transportation mainly helps reduce time wastage by monitoring the time spent by drivers in loading bays and work sites.
Further, high reliance on public transportation is poised to create market demand. It was estimated that public transportation was used for over 9 billion trips by Americans in 2019. Public transportation is a lifeline for people traveling in places where the use of private vehicles is inconvenient in terms of time and money spent. It also helps to maintain the health of an economy as companies are able to connect with a large employee base over a large area. Fleet management could improve the efficiency of the public transportation system in a place by using data such as the number of commuters in a route and vehicle location while making the trips profitable for the whole system.
