Growth for Fleet Management Systems

Fleet-management systems are changing how the construction industry does business—on the road and at the jobsite. Now, one analyst firm is predicting growth for the market.

In a new report, Berg Insight recently announced the number of active fleet-management systems deployed in commercial vehicle fleets in Australia and New Zealand was 0.5 million in the fourth quarter of 2015. However, it is predicted to reach 1.1 million units by 2020. This is a compound annual growth rate of 16 percent.

The analyst firm says the fleet-management market in Australia and New Zealand is influenced by a number of different market drivers. These include regulatory developments such as health and safety regulations, road user charges, and electronic work diaries.

Additionally, the research shows the market is served by a variety of players ranging from small local vendors to large international providers. A number of commercial vehicle OEMs (original-equipment manufacturers) have also launched fleet management offerings for vehicles marketed in the region, either independently or working in partnership with a telematics supplier.

While this is one market growth prediction, all signs are pointing to global fleet management system growth. Still, even with growth for fleet management systems, Berg Insight says the adoption levels for OEM telematics initiatives remains relatively modest, and the market is dominated by aftermarket solutions providers serving fleets directly.

Still, this is technology to keep an eye on in construction, as the benefits of real-time data are proving to be beneficial to business.

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