Description

Fleet management applies mainly to leased and owned fleets, and service portfolios can include maintenance, repairs, fuel cards, and insurance. By centralizing all processes and transactions tied to corporate fleets, fleet management companies allow their clients to be more productive and plan for growth based on hard data and actionable insights on the performance of their vehicles and their drivers.

Although 2020 was a tough year in Latin America because of the COVID-19 pandemic, higher vaccination rates have stimulated the return to the face-to-face work and social activities. As national economies regained their footing, the fleet management industry got back on track. Corporates with owned fleets (a common feature of the region) and third-party fleets (with leasing or rental contracts) have been more interested in acquiring fleet management services so they can concentrate on their core business. To keep existing customers and attract new ones, mobility companies that offer fleet management have been investing in innovative solutions and working on the expansion of their service catalogs. As a result, partnerships have begun to arise in recent years.

Considered in the growth stage, the fleet management market in the region is experiencing more competition. It has exciting potential for evolution and the development of more customer-oriented services as leasing, digital platforms and sustainability become key elements for all competitors.
In a field of more than 20 regional industry participants, Frost & Sullivan independently plotted the top 10 companies in this Frost Radar™ analysis.
The Frost Radar™ reveals the market positioning of each company using its Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies based on their strengths, opportunities, and market positioning. It discusses strategic market imperatives and the competitive environment that vendors operate in and makes recommendations for each provider to spur growth.