TMCnet Feature Free eNews Subscription
October 16, 2013

Fleet Management Systems Predicted to Total 6.4M by 2017 in Europe

By Ed Silverstein, TMCnet Contributor

Fleet management systems for commercial vehicles in Europe are becoming increasingly popular. In fact, a new study predicts there will be 6.4 million systems in place in the region by 2017.

Looking back, as of Q4 of 2012, there were 3.05 million fleet management systems in commercial vehicles in Europe, according to a study from Berg Insight. Also, the 6.4 million system projection assumes a compound annual growth rate of 16 percent.



Just who are the current dominant players in the sector in Europe which are leading this increase?

Various international aftermarket solution providers are among the key players in the fleet management market in Europe, according to Berg Insight.

For instance, Masternaut has the largest number of installed base units – close to 287,000. In addition, TomTom (News - Alert) Business Solutions has over 275,000 subscribers. Also, Digicore and Trimble both have more than 100,000 devices. Plus, Transics has the most in the heavy trucks sector with 80,000 units.

In reviewing the sector, Telecompaper said over recent years there have been “announcements of standard line fitment of fleet management products.” In addition, merger and acquisition took place in a second wave during 2013. So far this year, the sector in Europe saw six major mergers or acquisitions.

For instance, Danaher (News - Alert) Corporation acquired Navman Wireless and Trafficmaster from Prairie Capital and Vector Capital. TomTom acquired Coordina, which is based in Spain. And just in September, Oskando and Autolog merged. The two companies also launched EcoFleet. That is a new brand. EcoFleet will replace Oskando and Autolog brands in the Baltic and Scandinavian regions.

“Merger of Oskando and Autolog creates the leading regional fleet management service provider able to serve both SMEs and big multinationals of the Baltic and Scandinavian home market and from the other EU countries as well,” Indrek Jaaska, investment manager at ASI (an investment company), said in a recent statement.

It is expected that the trend of consolidation will continue during 2014, Telecompaper reported. In contrast, before the M&A activity starting this year, there was an earlier, quiet period of 18 months.




Edited by Alisen Downey
» More TMCnet Feature Articles
Get stories like this delivered straight to your inbox. [Free eNews Subscription]
SHARE THIS ARTICLE

LATEST TMCNET ARTICLES

» More TMCnet Feature Articles