What is Vehicle Procurement Services Market?
Vehicle procurement services are the services that help the users search for a new or replacement vehicle that has access to a multiple of dealerships. These services also help to identify, source, select, evaluate and buy the right vehicle, at the right price. These benefits are anticipated to boost the global vehicle procurement services market.
Highlights from Vehicle Procurement Services Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Trimble Inc. (United States), AT&T (United States), Donlen Corporation (United States), Merchants Fleet Management (United States), Teletrac Navman (United States), Ford Motor Company (United States) and Wheels, Inc. (United States) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Vehicle Procurement Services market throughout the forecasted period.
Trimble Inc. (United States), AT&T (United States), Donlen Corporation (United States), Merchants Fleet Management (United States), Teletrac Navman (United States), Ford Motor Company (United States) and Wheels, Inc. (United States) are some of the key players profiled in the study. Vehicle Procurement Services Market Segmentation:
Scope | Sub-Segments |
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Type | Large heavy-duty vehicle, Small heavy-duty vehicle,, Medium heavy-duty vehicle and Light-duty vehicle. |
Deployment | On-premises,Cloud,Hybrid |
Solution | Operations management,Information management,Risk management,Vehicle maintenance and leasing,Safety and compliance management,Other |
On the basis of geography, the market of Vehicle Procurement Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Service Industry Worldwide
Market Growth Drivers:
Increasing Demand for Vehicle Procurement Services and Rising Demand for Vehicles
Challenges:
Stringent Rules and Regulations
Restraints:
Less Awareness among People
Opportunities:
Growth in the Automobile Industry
Key Target Audience
Vehicle Procurement Service Providers, Emerging Companies, Research Professionals and End-users