Analysis of Telematics in the Vehicle Leasing and Rental Industry, Americas

Analysis of Telematics in the Vehicle Leasing and Rental Industry, Americas

Competitive Intensity to Ensure Transformational Growth of Fleet Telematics in the American Vehicle Leasing and Rental Industry by 2026

RELEASE DATE
06-Dec-2022
REGION
North America
Deliverable Type
Market Research
Research Code: PD04-01-00-00-00
SKU: AU02473-NA-MT_27228
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Description

Economies across the world are bouncing back in full force after the pandemic-induced lull. Despite a slump in the recent past, automotive sales are slowly recovering in the Americas, and fleet leasing and rental markets are on the path of recovery. Telematics adoption is on the rise as connected cars are gaining traction in the region, primarily the United States, Canada, and Brazil. Leading automotive OEMs are rolling out factory-fit telematics devices in their vehicles, and automobile manufacturers are partnering with telematics service providers to offer telematics and fleet management as a standard service. Features, such as vehicle theft recovery, driver-based solutions, vehicle diagnostics, and usage-based insurance, are more popular. This research service discusses the role and impact of telematics connectivity and the future scenario for fleet companies in the United States, Canada, Argentina, Brazil, and Mexico. The study aims to understand and correlate the ecosystem of telematics, services offered to leasing and rental fleets, and the features which benefit the industry. The companies identified in this study include stakeholders from key fleet leasing and rental companies, OEMs, and telematics companies which complement each other within the business and enjoy mutual benefits in the region. Over the years, vehicle leasing and rental companies have enjoyed tremendous benefits from implementing telematics technology and improving overall control over their fleets in terms of cost and effort. Using telematics, fleet companies can capture relevant data points, improve driver behavior, enhance safety and security, identify abusive drivers, improve vehicle lifespan and claims ratio, and protect residual vehicle value. This study further sheds light on the market parc data in the leasing, rental, and corporate outright purchase fleets. It provides a view of the installed base and penetration analysis of telematics in each segment of the leasing, rental, and company car parc, technology, and associated industry trends, market overview, and future outlook.

Author: Rajesh Depores

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Top 3 Telematics Strategic Imperatives and Their Impact on the Leasing and Rental Industry in the Americas

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Scope Overview

Definitions

Fleet Telematics Solution Types

Segmentation

Primary Findings

Key Growth Metrics

Growth Drivers

Growth Restraints

Telematics Installed Base Forecast

Installed Base Split by Country

Telematics Installed Base by Country

Fleet Telematics Benchmarking

Primary Telematics Trends in the Car Leasing and Rental Industry

Major Trends in the Car Leasing and Rental Telematics Industry

Connected Services Ecosystem

Top Telematics Service Preference

Telematics Benefits

Top Reasons for Fleet Companies to Invest in Telematics

Preferred Features by Leasing and Rental Fleets

PESTLE Analysis

Telematics Penetration in Leasing Fleets by Country

Telematics Penetration Analysis

Telematics Installed Base Forecast by Region, Leasing

Telematics Installed Base by Country

Telematics Installed Base by Segment

Telematics Penetration in Rental Fleet by Country

Telematics Penetration Analysis

Telematics Unit Shipment Forecast by Region

Telematics Installed Base by Country

Telematics Installed Base by Segment

Telematics Penetration in Corporate Outright Purchase Fleets by Country

Telematics Penetration Analysis

Telematics Outright Purchase Forecast by Region

Telematics Installed Base by Country

Telematics Installed Base by Segment

Competitive Environment

Key Competitors

Telematics Ecosystem Partners

Fleet Telematics—Various Segment Stakeholders

Telematics Offerings from Top Leasing Companies

Telematics Offerings from Top Leasing Companies (continued)

Telematics Offerings from Top Rental Companies

Primary Telematics Companies

Primary Telematics Companies (continued)

Fleet Telematics—Packages and Pricing

Country Analysis—The United States

Country Analysis—The United States (continued)

Country Analysis—Canada

Country Analysis—Canada (continued)

Country Analysis—Argentina

Country Analysis—Argentina (continued)

Country Analysis—Brazil

Country Analysis—Brazil (continued)

Country Analysis—Mexico

Country Analysis—Mexico (continued)

Case Study 1—Element Fleet Management

Case Study 2—Wheels Donlen

Case Study 3—Avis Budget and Otonomo

Growth Opportunity 1—Mergers and Acquisitions

Growth Opportunity 1—Mergers and Acquisitions (continued)

Growth Opportunity 2—Strategic Partnerships

Growth Opportunity 2—Strategic Partnerships (continued)

Growth Opportunity 3—Technological Investment

Growth Opportunity 3—Technological Investment (continued)

Your Next Steps

Why Frost, Why Now?

Abbreviations and Acronyms Used

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Economies across the world are bouncing back in full force after the pandemic-induced lull. Despite a slump in the recent past, automotive sales are slowly recovering in the Americas, and fleet leasing and rental markets are on the path of recovery. Telematics adoption is on the rise as connected cars are gaining traction in the region, primarily the United States, Canada, and Brazil. Leading automotive OEMs are rolling out factory-fit telematics devices in their vehicles, and automobile manufacturers are partnering with telematics service providers to offer telematics and fleet management as a standard service. Features, such as vehicle theft recovery, driver-based solutions, vehicle diagnostics, and usage-based insurance, are more popular. This research service discusses the role and impact of telematics connectivity and the future scenario for fleet companies in the United States, Canada, Argentina, Brazil, and Mexico. The study aims to understand and correlate the ecosystem of telematics, services offered to leasing and rental fleets, and the features which benefit the industry. The companies identified in this study include stakeholders from key fleet leasing and rental companies, OEMs, and telematics companies which complement each other within the business and enjoy mutual benefits in the region. Over the years, vehicle leasing and rental companies have enjoyed tremendous benefits from implementing telematics technology and improving overall control over their fleets in terms of cost and effort. Using telematics, fleet companies can capture relevant data points, improve driver behavior, enhance safety and security, identify abusive drivers, improve vehicle lifespan and claims ratio, and protect residual vehicle value. This study further sheds light on the market parc data in the leasing, rental, and corporate outright purchase fleets. It provides a view of the installed base and penetration analysis of telematics in each segment of the leasing, rental, and company car parc, technology, and associated industry trends, market overview, and future outlook. Author: Rajesh Depores
More Information
Deliverable Type Market Research
Author Rajesh Depores
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Vehicle Rental Industry Report
Keyword 2 Vehicle Leasing Market in US
Keyword 3 Telematics Market
Podcast No
WIP Number PD04-01-00-00-00