41 Fleet Management Statistics You Need to Know
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Operating and managing a fleet, both on the road and from the computer, is increasingly tech-forward. With telematics, AI dash cams, smart cities, and other emerging technologies, trends point toward a smart revolution in how organizations manage and optimize transportation. However, with so much technology and information out there, it can be difficult to pinpoint what fleet managers and companies can do to improve operations. We’ve put together 41 fleet management statistics that are vital to understanding the modern landscape. Read on for insights into how to determine which aspects of fleet management to prioritize for better safety, more streamlined management, and better ROI.

Fleet Management Statistics [Industry Overview]

Like numerous major industries, fleet management is undergoing a shift in how managers approach challenges, generate monetary growth, and make driving easier for the human drivers managing their fleets on the road. Coupled with the growth of infrastructure projects across the U.S. and abroad, this is causing the fleet management industry to undergo numerous transformations.

These important statistics will give you an overview of the state of fleet management today and offer projections for the future:

Market Size and Growth Projections

1. The U.S. fleet management market was valued at $19.47 billion USD in 2020. Data indicates it will grow to $52.5 billion from 2021 to 2030 at a compound annual growth rate (CAGR) of 10.6%. (Source)

2. From 2021 to 2030, the Asia-Pacific region is projected to have a CAGR of 12.1%, the highest compound annual growth rate in the fleet management market. (Source)

3. Largely due to government regulations driving adoption of fleet management technology, the European segment will grow from 24.4% of the market share to surpass North America’s 30.5% by 2027. Europe is projected to account for one third of the entire market by 2030. (Source)

4. The Asia Pacific region has the largest regional share of the global automotive fleet management market, followed by Europe, North America, Middle East and Africa, and South America. (Source)

5. The in-house fleet management segment represents the largest share of the global fleet management market. (Source)

6. The trucking industry represents 80.7% of the U.S. freight bill, generating over $940.8 billion in 2022. (Source)

7. In 2022, trucks transported 11.46 billion tons of freight, which is 72.6% of tonnage shipped domestically in the US that year. (Source)

8. Passenger vehicles will account for a 42% share of the total fleet management market by 2032. (Source)

9. At the end of 2022, there was a total of 42,980 new fleet in the global automotive segment, which deals with road-going vehicles. This is projected to grow to 59,089 at a CAGR of 3.6% in the forecast period from 2023 to 2031. (Source)

The Pandemic and Lingering Effects

10. The market for professional services for fleet management saw -1.9% negative growth in 2020 due to the COVID-19 pandemic and supply chain disruptions, with support and maintenance services experiencing the largest market size reduction at -2.2%. This follows growth figures of 4.2% and 4.5%, respectively, the year before the pandemic. (Source)

11. Due to demand for contactless and remote tracking of consignments, demand for fleet management software grew at a rate of 10.6% during the pandemic while telematics software grew at a rate of 9.9%. (Source)

12. By the end of 2023, the fleet management software segment will reach a growth rate of 12% and telematics software will reach 11.8%. Both growth rates are projected to be stable into 2030. (Source)

Fleet Manager Statistics

13. While 83.2% of the 5,129 employed fleet managers in the U.S. are male and only 16.8% are female, the women earn slightly more, making $51,772 annually while their male counterparts earn $51,570. (Source)

14. The median age for a fleet manager in the U.S. is 45 years. (Source)

15. The majority of fleet managers are White at 59.1%. Meanwhile, 18.3% are Hispanic or Latino, 11.6% are Black or African American, and 6.2% are Asian. (Source)

16. While East Hartford, Connecticut, is the American city with the highest demand for fleet managers, the highest income for fleet managers is in Anaheim, California, at $56,200. (Source)

17. Fleet managers are 68% more likely to work for a private company that operates a fleet of commercial vehicles, as opposed to public companies or a government entity. (Source)

Electrification, Decarbonization, and Sustainability

18. Hybrid or electric vehicles (EVs) will make up an estimated 56% of UK fleets by the end of 2024, with 78% of fleets being fully electric by 2030. This is a leap from 2022, when 65% of UK fleets consisted of vehicles running on fossil fuels, and only 19% were electric and 16% were hybrid. (Source)

19. Decarbonization is an increasingly vital concern, with more than 50% of U.S. fleet operators planning to run completely carbon-free fleets by 2027 and 90% planning to decarbonize in the future. (Source)

20. By 2030, more than 25% of electricity used by electric vehicles in the U.S. will be delivered by fleet depots. (Source)

21. At fleet depots, the distribution of electric vehicle chargers in 2030 is projected to be 52% fast DC chargers and 42% commercial L2 chargers. (Source)

22. If the U.S. meets the federal target of zero-emissions vehicles comprising 50% of all vehicles sold by the end of the decade, the number of battery-electric and plug-in hybrid light commercial vehicles is forecasted to grow from 24,000 in 2021 to an estimated 289,000 by 2025 and 3.8 million by 2030. (Source)

23. The annual energy demand for light commercial vehicles is projected to reach 33 terawatt-hours (TWh) by 2030, an increase from .2 TWh in 2021. For comparison, the electricity required to power passenger cars is projected to grow from 10.8 TWh to 167 TWh, for trucks .1 TWh to 23TWh, and for buses .1 TWh to 8 TWh, in the same timeframe. (Source)

24. While heavy and medium-duty truck fleets represent less than 10% of vehicles worldwide, they are the source of approximately 40% of greenhouse gas emissions from the global transportation sector and 5.1% of total CO2 emissions from fossil fuels. This is due to their large diesel engines and high mileage. (Source)

Fleet Technology Statistics

Advancements in technology have made it increasingly easier to navigate the intricacies of operating larger fleets. While a general focus on cost reduction has slowed the adoption of fleet management technology, at least in the U.S., software for fleet intelligence and insight generation are seeing widespread adoption.

Here are some statistics that highlight tech adoption and attitudes toward tech in the fleet industry:

25. The vehicle diagnostics and maintenance segment of the fleet management market is valued at $2.9 billion, mostly due to the rise in popularity of predictive maintenance tech. The value is expected to reach $6.3 billion by 2030. (Source)

26. Data management technology such as physical data-logging systems saw significant market growth from 2015 to 2020 at a CAGR of 11%, increasing from $332 billion to $543 billion — even though the CAGR slowed to 9% during the first year of the pandemic. The value is headed to $1.9 billion by 2030, with a CAGR on track to reach 15% by 2028. (Source)

27. Developments in radio frequency identification (RFID) technology are leading advances in fleet tracking and geofencing applications, projecting an increase in market value over the course of a decade from $4.5 billion to a staggering $13.9 by 2030. (Source)

28. Due to growing adoption of the cloud and enterprise-wide transfers of on-premises systems to the cloud, cloud-based fleet management services accounted for 65% of the total fleet management market share in 2022. (Source)

29. As global positioning system (GPS) tracking devices become more accessible and cost-effective for route optimization, they’ve reached a growth rate of approximately 10% vs. 8% for dashboard cameras. However, during the pandemic growth rate decreased to 8.9% and 6.6% respectively. (Source)

30. The Food Safety and Inspection Service (FSIS) of the U.S. Department of Agriculture installed fleet telematics tech in 500 vehicles, improving fleet efficiency, theft recovery, monetary savings, vehicle replacement, maintenance management, and vehicle readiness. (Source)

31. Among the various segments, smaller fleets consisting of one to five smaller vehicles tend to be the biggest adopters of fleet management technology. (Source)

Fleet and Driver Safety Statistics

The safety of drivers and fleet vehicles are a leading concern for managers and fleet companies, and this likely contributes to the recent decrease in total traffic accidents and casualties. Here are some statistics that shed light on fleet safety conditions and overall road safety today.

32. Employers across the U.S. incur costs of more than $60 billion each year due to vehicle accidents. (Source)

33. There was an estimated 3.3% reduction in total traffic fatalities in Q1 2023 over the same quarter in 2022, which is a decrease from 9,645 fatalities to 9,330 year-over-year. (Source)

34. The decline in overall traffic fatalities in Q1 2023 was the fourth consecutive quarterly decrease after seven quarters of year-to-year increases, starting in Q3 2020. (Source)

35. According to the Bureau of Labor Statistics, commercial drivers are among the leading professions for fatal work injuries, with 28.8 fatalities per 100,000 full-time equivalent workers in 2021. This is an increase from 25.8 in 2020. Only five segments have a higher fatality rate, including logging workers (82.2), fishing and hunting workers (75.2), roofers (59), aircraft pilots and flight engineers (48.1), and structural iron and steel workers (36.1). (Source)

36. In 2021 there was a 16.3% increase in commercial driver deaths in the U.S., from 887 in 2020 to 1,032 the following year. This was the leading reason that fatalities among workers in transportation and material moving reached a decade high that year, with 1,523 fatal work injuries at an increase of 18.8% year-on-year. (Source)

37. More fleets are adopting safety solutions, with the global automotive safety system market projected to grow 23% between 2021 and 2027, from $93.3 billion to $127.2 billion. The projected market size for 2023 is $103.4 billion. (Source)

38. Advanced Driver Assistance Systems (ADAS) policies and initiatives to improve road safety have driven adoption of fleet telematics, causing the global automotive Internet of Things (IoT) market to reach an estimated $397.2 billion in 2023. This will increase to an estimated $882 billion by 2028 at a CAGR of 17.3%. (Source)

39. For each on-the-job vehicle crash, the employer winds up paying an average of $16,500. If an injury results from the crash, the cost goes up to $74,000 on average. If there is a fatality, costs can be $500,000 or higher. (Source)

40. In an estimated 25-30% of crashes, distracted driving is a factor. This represents a minimum of 4,000 collisions every day. (Source)

41. Approximately 51% of adults have driven while drowsy, with an estimated 17% falling asleep at the wheel in the past year. (Source)

What These Fleet Management Statistics Reveal

As adoption of emerging technologies continues, fleet management companies will have more opportunities to improve visibility, trackability, scalability, and profitability. To keep a competitive edge, it will be increasingly important for fleet managers and operators to effectively implement operational technology. Examples include a fuel management system, advanced AI tools, and efficient operation and fleet maintenance software with a reporting system to streamline vehicle maintenance.

The fleet management statistics we’ve discussed provide valuable insights and reveal the following major takeaways:

  • Market shares for smarter driver assistance and safety tech such as fleet dash cams to detect drowsiness and monitor driver behavior, as well as fleet telematics systems that provide GPS tracking, will continue to grow. These technologies have been vital for reducing accidents and ensuring long-term driver and vehicle safety, while also taking safety-related stress off of fleet operators’ shoulders.
  • As more aspects of fleet management become digitized, robust fleet management software will become a must-have for fleets worldwide.
  • With decarbonization quickly becoming a central priority for both fleet operators and the transportation industry as a whole, smart solutions that help reduce fleets’ carbon footprint will become a primary concern for operators.
  • With growth in the EV market, fleet management technology may see even greater integration into fleet vehicle computers, to the point where the on-board computer may run a localized version of the software.
  • Following the adoption of intra-fleet connection and communication software, the next step for fleets will be integration with the IoT. This will allow all vehicles in a fleet to operate individually yet behave like a hive-mind with real-time tracking, reporting, and insight generation across the board. 

Your fleet is a vital asset which deserves the best in fleet safety management, end-to-end asset tracking, and real-time insights into how your fleet is performing. IntelliShift is a fleet management software that gives you a robust suite of tools on a single connected platform that helps you reduce fleet operational costs, track and manage assets in real time, and reduce stress while operating fleets of any size.

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