Fleets are an integral part of many businesses, to the point that the sale, maintenance, tracking, and management of fleet vehicles have each become solid industries in their own right. Any business owner or manager who is even partially involved in such an endeavor would benefit from a greater understanding of the overall market forces influencing these industries and how they affect their operations, and that of their customers.
To that end, we’ve compiled a list of over 50 of the most current and relevant fleet management statistics being shared, so you can determine the best way forward for your company.
Overall Fleet Management Industry & Market Statistics
These statistics cover the overall landscape of the fleet management industry and its potential for growth.
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The global Automotive Fleet market size will reach %29.5 billion in 2025. (Source)
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The on-demand transportation services industry is expected to reach $87.2 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 14.50% from 2025 to 2033. (Source)
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North America held the major market share for more than 40% of the global revenue with a market size of USD 11.8 billion in 2025. It will grow at an estimated compound annual growth rate (CAGR) of 12.7% from 2025 to 2033. (Source)
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The Canadian Automotive Fleet market had a market share of $1.4 billion in 2025 and is projected to grow at a CAGR of 13.5% during the forecast period. (Source)
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The delivery fleets category is the fastest-growing segment of the Automotive Fleet industry. (Source)
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The logistics and transportation segment currently holds the largest market share among business types, but construction and infrastructure are the most rapidly growing sector. (Source)
Source: https://www.cognitivemarketresearch.com/automotive-fleet-market-report
Fleet Composition Statistics
How many vehicles are in service today? How big of a fleet are people running? These questions and more will be answered below.
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There were a total of 3.2 million commercial vehicles in service in 2019. (Source)
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Of those commercial fleet vehicles, 2.5 million were trucks, and 635,000 were cars. (Source)
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Of those commercial fleet vehicles, 1.1 million were leased and 2 million were owned. (Source)
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In the Automotive Fleet Market, the medium fleet (50 - 100 vehicles) category has been expanding at a rapid pace. (Source)
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The large fleet (more than 100 vehicles) segment holds the largest share of the market in terms of fleet size. (Source)
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There were a total of 2.2 million rental vehicles in service in 2019. (Source)
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Of those rental fleets, 1.7 were cars, and 470,000 were trucks. (Source)
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Passenger vehicles will account for a 42% share of the total fleet management market by 2032. (Source)
EV Fleet Statistics
Electric vehicles (EV) are a rising trend in fleet operations, and so it’s worth devoting some space specifically for this market.
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Access to public charging infrastructure is a crucial barrier to fleet electrification. Over half (53%) of businesses with heavy-duty vehicles (HDVs) report that they lack access to the necessary public charging points and 51% of fleet operators believe that increasing the availability of public charging infrastructure would significantly aid their efforts to reduce emissions. (Source)
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Only 10% of transport organisations feel that the necessary infrastructure and resources are in place to facilitate meaningful carbon reduction. (Source)
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Four in 10 transport leaders surveyed expressed concerns about customers' unwillingness to pay a premium for lower-emission services. (Source)
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Improvements in infrastructure are critical for success. 60% of Commercial Road Transport (CRT) and 68% of Fleet respondents believe infrastructure enhancements are essential to achieving carbon reduction targets by 2030. (Source)
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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)
GPS Tracker Industry Statistics
GPS Trackers and other telematics devices play an important role in increasing efficiency in fleet operations, protecting vehicles from theft and misuse, and assisting in the maintenance and car of valuable company assets.
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Standalone GPS market accounted for $1.1 billion in 2023. (Source)
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Advance tracker market accounted for USD 1.2 billion in 2022. (Source)
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OBD device market accounted for USD 652.3 million in 2021. (Source)
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The asset tracking market is expected to account for 31.9% of the global GPS tracking device market in 2024. (Source)
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The vehicle tracking market is expected to account for 47.2% of the global device market in 2024. (Source)
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The transportation & logistics market dominated the market accounting for USD 1.4 billion in 2024. (Source)
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The global GPS tracking device market was estimated to worth $3.1 billion in revenue in 2023 and is poised to reach $5.7 billion by 2028, growing at a CAGR of 13.1% from 2023 to 2028. (Source)
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Modern fleet management technology, like GPS tracking and telematics, allows medium-sized fleets to improve vehicle maintenance, cut fuel costs, and optimize routes. Businesses looking for reasonably priced fleet solutions with moderate capacity, such as retail, delivery services, and local distribution networks, are driving the need. (Source)
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Fleet solutions are crucial for the infrastructure and construction industries because fleet management technology, including GPS tracking and telematics, helps maximize vehicle usage, minimize downtime, and increase operational efficiency. (Source)
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Global positioning system (GPS) tracking devices have 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)
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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)
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Among the various segments, smaller fleets consisting of one to five smaller vehicles tend to be the biggest adopters of fleet management technology. (Source)
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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)
Fleet Maintenance Statistics
Maintenance is critical to controlling the costs of a vehicle fleet and ensuring they can adequately perform any tasks the company requires.
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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)
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91% of large fleets (over 100 vehicles) perform their fleet maintenance in-house, as opposed to 76% of small fleets (less than 100 vehicles) (Source)
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46% of fleet operators are not considering alternative fuel options for the next 3 years. (Source)
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The top 3 alt-fuels being considered by fleet operators are biodiesel (24%), renewable diesel (22%), and battery-electric vehicles (18%). (Source)
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63% of fleet managers track harsh braking and acceleration. (Source)
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56% of fleet managers consider engine repair/aftertreatment to be the top repair challenge in fleet maintenance. (Source)
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Average maintenance cost for light-duty vehicles can reach as high as $6,500 a year. (Source)
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Up to 35% of a fleet’s operating budget is dedicated to fuel costs. (Source)
Fleet Safety Statistics
Any vehicle on the road poses a potential risk–to the driver, to the public, and to the company. Proper safety measures and policies must always be put in place to increase driver and vehicle safety and reduce risk to bystanders.
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Employers across the U.S. incur costs of more than $60 billion each year due to vehicle accidents. (Source)
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Commercial drivers are among the leading professions for fatal work injuries, with 28.8 fatalities per 100,000 full-time equivalent workers in 2021. (Source)
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Only five segments have a higher fatality rate than commercial drivers, 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)
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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. (Source)
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Fatalities among workers in transportation and material moving reached a decade high in 2021, with 1,523 fatal work injuries at an increase of 18.8% year-on-year. (Source)
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Advanced Driver Assistance Systems (ADAS) policies and initiatives to improve road safety have driven the 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)
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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)
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Collision rates among utility company fleet vehicles increased by 22% from 2023 to 2024. (Source)
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Construction vehicle-related collision rates increased by 35% from 2023 to 2024. (Source)
Trucking Industry Statistics
The trucking industry represents one of the oldest and biggest users of vehicle fleets, and have probably accumulated more miles driven over the course of their existence than any other fleet vehicle industry.
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The trucking industry represents 80.7% of the U.S. freight bill, generating over $940.8 billion in 2022. (Source)
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There are 3.5 million truck drivers in the US. This figure includes both employee and self-employed drivers of semi-trucks and other truck types. (Source)
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In 2022, trucks transported 11.46 billion tons of freight, which is 72.6% of the tonnage shipped domestically in the US that year. (Source)
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Of this figure, 1.98 million employee truck drivers operate heavy and tractor-trailer vehicles. This figure does not include self-employed truck drivers, only employee drivers. (Source)
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The biggest expenses for trucking companies are driver wages followed by fuel, equipment costs, and insurance. (Source)
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In 2022, semi-trucks consumed a combined 29 billion gallons of fuel. (Source)
In conclusion
While costs and market forces will lead to fluctuations in vehicle costs, fuel costs, and overall revenue, there will always be a need for fleets to keep our business running. Whether that’s long-haul truckers shipping goods from one coast to another, last-mile delivery trucks dropping off mail, or HVAC service vans conducting repairs across the city; fleet vehicles will remain mission-critical components of a business or industry.
Responsible business owners will invest whatever they can to ensure that these fleet vehicles are kept in peak condition, well-fueled, and driven by trained and responsible employees.
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