The number of vehicle management systems in Latin America will reach 17 million by 2029.
The fleet management solutions market in Latin America has been in a growth phase for many years. In addition to various local and regional solution providers, the presence of international players, particularly North American solution providers, is increasingly growing in this region as they seek to expand the target market and maintain an increase in subscriber numbers, especially as mature domestic markets inevitably approach the peak of adoption. Berg Insight predicts that the adoption rate of fleet management in the Latin American region will continue to rise from 2025 to 2029. The total number of fleet management systems actually in use in this region is expected to increase from approximately 8.3 million units in 2024 to 16.6 million units by 2029, with a compound annual growth rate (CAGR) of 15.0%. At the same time, the adoption rate of the total number of fleet vehicles used by companies is projected to rise from 20.9% in 2024 to 40.0% by 2029. 【Contents】 ■ Fleet Management Solutions ■ Market Forecasts and Trends ■ International Aftermarket Solution Providers ■ Aftermarket Solution Providers (Latin America, North America)
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Publisher: Berg Insights Publication Month: July 2025 Report Language: English *For more details, please visit our website or refer to the sample materials.
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