The number of vehicle management systems installed in Australia and New Zealand will reach 2.7 million by 2028.
Berg Insight has announced a new research report on the fleet management market in Australia and New Zealand. The fleet management (FM) solutions market in Australia and New Zealand (ANZ) has been in a growth phase for many years. Although activity slowed somewhat from 2020 to 2021 due to the global recession related to the COVID-19 impact, and the recent economic conditions have been challenging, the current outlook for this sector is positive. The total number of FM systems actually in use in the ANZ region is expected to increase from approximately 1.6 million units in 2023 to 2.7 million units by 2028, with a compound annual growth rate of 11.5%. At the same time, the penetration rate of fleet vehicles used by companies is projected to rise from 26.6% in 2023 to 39.5% by 2028. The fleet telematics market in this region is positively influenced by trends in health and safety regulations, liability chain laws, electronic work diaries, and road usage charges. [Contents] ■ Fleet Management Solutions ■ Market Forecast ■ Market Trends ■ Company Profiles and Strategies
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Publisher: Berg Insights Publication Month: December 2024 Report Language: English *For more details, please visit our website or refer to the sample materials.
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