Fleet Management Market Trends

2023 Fleet Management Industry Trends

Dan Ewald, President Dan Ewald

The fleet management industry is constantly evolving. Keeping up with the latest trends is crucial for businesses that rely on a fleet of vehicles to operate. Below are some fleet management trends anticipated in 2023.

Increased Adoption of Electric Vehicles

The expanding use of electric and alternative fuel cars is one of the most important trends in the fleet management sector. As concerns about climate change and air pollution continue to rise, businesses are seeking ways to reduce their carbon footprint and their reliance on fossil fuels. Electric and alternative fuel vehicles offer a more environmentally responsible and sustainable option, and many businesses are starting to add them to their fleets.

As more companies seek to benefit from the financial and environmental advantages of EVs, there may be a noticeable increase in the number of electric and alternative fuel vehicles on the road in 2023. Fleet managers will need to stay up-to-date on the latest electric and alternative fuel vehicle technologies and consider how these technologies can be integrated into their fleets.

EV Fleet Management

Greater Use of Telematics & Improved Fleet Tracking Technologies

Telematics and fleet tracking technologies have been increasingly popular in fleet management over the last few years. These technologies allow fleet managers to monitor the location, performance, and behavior of their vehicles in real time while receiving routine reports with valuable insights into how their fleet is being used and how it can be improved. Such detailed fleet insights help businesses save money and improve performance.

In 2023, wider use of telematics and advancements in fleet tracking technology is anticipated. As business fleets continue to look for ways to improve efficiency and productivity, fleet tracking technology will improve to meet the growing demand.

Fleet Tracking

Greater Focus on Fleet Safety & Risk Management

Safety is a top priority in the fleet management industry, and in 2023, expect to see a continued focus on improving fleet safety and reducing risk. Fleet managers are increasingly turning to a range of technologies and strategies to help improve safety and reduce risk, including driver training and monitoring programs, advanced driver assistance systems, and collision avoidance technologies.

In addition to technological solutions, fleet managers are also looking at ways to improve safety through better policies and procedures, such as establishing clear guidelines for safe driving and setting up systems for reporting and addressing safety concerns.

Growing Importance of Sustainability & Corporate Social Responsibility

As concerns about the environment and social responsibility continue to rise, businesses are under increasing pressure to demonstrate their commitment to sustainability and corporate social responsibility. In the fleet management industry, this trend is manifesting itself in a number of ways, including an increased focus on fuel efficiency and the adoption of electric and alternative fuel vehicles, as well as efforts to reduce waste and minimize the environmental impact of fleet operations.

Increased Use of Outsourcing & Third-Party Services

Outsourcing certain aspects of fleet management can be a cost-effective way for businesses to focus on their core competencies and leave the management of their fleet to specialized providers. In 2023, expect to see an increase in the use of outsourcing and third-party services for tasks such as vehicle maintenance, repair, and disposal, as well as for more comprehensive fleet management services.

For businesses considering outsourcing their fleet management, it will be important to do thorough research and select a reputable provider with a track record of success. Fleet managers will also need to be skilled in managing vendor relationships and ensuring that outsourced services are aligned with the overall goals and objectives of the organization.

Growing Use of Data-Driven Fleet Procurement

Data-driven fleet procurement is an approach to fleet management that involves using data to inform the process of acquiring new vehicles for the fleet. By analyzing data on factors such as vehicle usage patterns, cost, and environmental impact, businesses can make more informed decisions about which vehicles to purchase and how to allocate their fleet resources.

In 2023, expect to see an increase in the use of data-driven fleet procurement, as businesses look to optimize the efficiency and cost-effectiveness of their fleet. Fleet managers will need to be proficient in collecting and analyzing data on fleet performance and use this data to inform their procurement decisions.

Greater Integration of Fleet Management with Other Business Systems

As businesses become increasingly reliant on technology to operate, there is a trend toward greater integration of fleet management systems with other business systems. This can include integrating fleet management software with enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, and other business-critical systems.

In 2023, we can expect to see an increase in the integration of fleet management with other business systems, as businesses look to streamline their operations and improve efficiency. Fleet managers will need to be skilled in integrating fleet management systems with other business systems and understand how to use these systems to optimize fleet performance.

Continued Evolution of Fleet Management Software & Technologies

The fleet management industry is being driven by a range of software and technologies that are designed to improve efficiency, reduce costs, and enhance safety. In 2023, expect to see the continued evolution of these technologies, with new and improved products being introduced to the market.

For fleet managers, staying up-to-date on the latest fleet management software and technologies will be crucial to staying competitive and maximizing the performance of their fleets. This may involve investing in new technologies, training on how to use them effectively, and continuously seeking out new solutions to improve fleet performance.

Get to Know the Author

Dan is passionate about ensuring the Ewald Fleet Solutions team consistently exceeds our customers’ expectations. He oversees daily operations, finances, communications, legal compliance, and planning.

As a member of the National Vehicle Leasing Association, he is a Certified Vehicle Leasing Executive (CVLE). He also serves as Chairman of a Cathedral Leasing Competitive Edge Roundtable and is a member of the Metropolitan Milwaukee Association of Commerce.

Meet The Team

Dan Ewald, President
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