US Fleet Distribution

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US Fleet Distribution

There are approximately 3,467,576 vehicles operating in the 1000+ fleet size category in the US; 2,737,560 vehicles operating in the 500-999 fleet size category; 2,098,796 vehicles operating in the 100-499 fleet size category; and 821,268 vehicles operating in the 15-99 fleet size category.

US Vehicle Fleet Size, by the Number of Vehicles

1. Percentage Share of US Fleet Size, by the Number of Vehicles

  • The fleet size of 1000 or more vehicles accounts for 38% of total vehicles in the US fleet market (on the streets).
  • The fleet size of 500-999 vehicles accounts for 30% of total vehicles in the US fleet market (on the streets).
  • The fleet size of 100-499 vehicles accounts for 23% of total vehicles in the US fleet market (on the streets).
  • The fleet size of 15-99 vehicles accounts for 9% of total vehicles in the US fleet market (on the streets).
  • 1000+ vehicle fleets largely include food and beverage companies, construction companies, and communication and network suppliers. These fleets tend to rely majorly on class 1-6 trucks and can generally extend 10,000 vehicles.

2. Percentage Share of US Fleet Size Categories, by the Total Number of Fleets

  • The fleet size of 1000 or more vehicles represents 2% of the total number of US fleets (on the streets).
  • The fleet size of 500-999 vehicles represents 10% of the total number of US fleets (on the streets).
  • The fleet size of 100-499 vehicles represents 24% of the total number of US fleets (on the streets).
  • The fleet size of 15-99 vehicles represent 64% of the total number of US fleets (on the streets).

3. Estimated Total Number of Fleet Vehicles

  • Total fleet size of commercial vehicles = 3,222,000 [A]
  • Total fleet size of government vehicles = 2,995,000 [B]
  • Total fleet size of rental vehicles = 2,255,000 [C]
  • Total fleet size of taxi vehicles = 135,000 [D]
  • Total fleet size of police vehicles = 518,200 [E]
  • Therefore, the total US vehicle fleet size (on the streets) = A+B+C+D+E = 9,125,200 vehicles

4. Vehicle Fleet Size, by the Number of Vehicles

  • Formula: the total US vehicle fleet size (on the streets) x the percentage share of respective US fleet size, by number of vehicles
  • 1000+ fleet size = 9,125,200 x 38% = 3,467,576 vehicles
  • 500-999 fleet size = 9,125,200 x 30% = 2,737,560 vehicles
  • 100-499 fleet size = 9,125,200 x 23% = 2,098,796 vehicles
  • 15-99 fleet size = 9,125,200 x 9% = 821,268 vehicles
  • There are approximately 3,467,576 vehicles operating in the 1000+ fleet size category in the US; 2,737,560 vehicles operating in the 500-999 fleet size category; 2,098,796 vehicles operating in the 100-499 fleet size category; and 821,268 vehicles operating in the 15-99 fleet size category.


Trends in the Global Fleet Industry

1. Data Management and Analytics

  • The leading fleet management companies have been setting up, collecting, and analyzing data to make well-informed strategic decisions for many years now. With the help of data analytics, fleet management companies can identify the causes of delays, the optimal routes and delivery times, and make explicit optimal loads.
  • The trucking giants make use of the data analytics heavily to retain skilled labor, manage environmental impact, and increase social responsibility.
  • Impact on the fleet industry: The fleet data analytics segment is likely to evolve in areas such as behavior monitoring and tracking as well. Trucking companies are not only deploying GPS trackers but also integrating 4G internet and dedicated IP addresses in their computers. These systems, when integrated with solid cloud-based analytical engines, help in tracking the vehicle, the safety of cargoes, and well-being of drivers while real-time video analytics would help in lowering the chances of accidents, eliminating wasteful activities, and improving the efficiency of fuel consumption.

2. Telematics for Vehicle Maintenance

  • Telematics along with GPS tracking allows various stakeholders including customers to get real-time insights seamlessly. However, the fleet management companies not only use telematics for tracking driving patterns and behavior but also started using it for vehicle maintenance and management of spare parts inventory.
  • Impact on the fleet industry: The major costs of fleet management include vehicle replacement, maintenance management, fuel consumption, insurance, and wages. With the help of transparency and valuable insights, telemetrics helps in optimizing the use of vehicles, maintenance, and increasing vehicle life. Thus, this would save huge replacement costs and about 30-50% of maintenance costs.

3. Electric Trucks and Autonomy

  • Electric trucks gained a lot of popularity in 2018 and continued to grow with a greater trajectory in 2019. Autonomous vehicles and all-electric trucks continue to draw curiosity and gain attention from the public as well as venture capitalists.
  • With shrinking supply in the labor market and climbing training costs, fleet management companies are now looking for alternatives. Several times, the fleet owners are forced to keep their trucks idle due to the scarcity of drivers. Tesla and Waymo are deploying various autonomous vehicle technologies that would help in achieving "full-scale deployment of driverless vehicles on the roads."
  • Impact on the fleet industry: Electric trucks are expected to replace conventional trucks at "congested intermodal ports, for last-mile delivery trucks and other short-halt trips." Nikola unveiled "a hydrogen-electric hybrid" last year while Toyota’s "Class 8 hydrogen fuel cell truck" is already available in Southern California.
  • However, the industry is still working to develop strong charging infrastructure for electric trucks.


Five Leading Fleet Lessors in the United States, by Portfolio Size

1. Element Fleet Management

  • Element Fleet Management, established in 1946, is a leading fleet management company that offers cars, light-duty vehicles, medium and heavy-duty trucks, and material handling equipment.
  • The company is headquartered in Toronto, Canada and has operations in the United States and Canada both.
  • Element Fleet Management's estimated annual revenue is around $647.4 million.
  • The portfolio size of Element Fleet Management's funded vehicles in the United States is 478,424, as of 2018.

2. Enterprise Fleet Management Inc

  • Enterprise Fleet Management Inc, founded in 1957, is an affiliate of Enterprise Holdings Inc that provides full-service fleet management for "companies, organizations , and government agencies operating medium-sized fleets of 20 or more vehicles."
  • It offers management services such as acquisition, financing, registrations and renewals, remarketing, online reporting, and maintenance among other services.
  • The company is headquartered in St. Louis , Missouri and has operations in the United States and Canada both.
  • The portfolio size of Enterprise Fleet Management's funded vehicles in the United States is 430,000, as of 2018.

3. Automotive Resources International (ARI)

  • Automotive Resources International (ARI), established in 1948, is one of the leading fleet management company that provides vehicles management, acquisition, financing, leasing, training, remarketing, and assistance services.
  • The company is headquartered in New Jersey, United States and has operations in the United States, Mexico, Canada, United Kingdom, and Europe.
  • ARI's estimated annual revenue is around $700 million.
  • The portfolio size of ARI's funded vehicles in the United States is 255,677, as of 2018.

4. LeasePlan

  • LeasePlan, founded in 1963, is a fleet management company that provides vehicle leasing and financial services. The company also provides vehicle purchasing, rental management, car insurance, and maintenance management services.
  • The company is headquartered in Amsterdam, Netherlands and has operations across 33 countries globally.
  • LeasePlan's estimated annual revenue is around $693.4 million.
  • The portfolio size of LeasePlan's funded vehicles in the United States is 244,355, as of 2018.

5. Wheels Inc

  • Wheels Inc, established in 1939, is a leading automotive fleet management and vehicle leasing company. It provides other services as well that include vehicle acquisition, maintenance management, consultation, and fuel cards.
  • The company is headquartered in Des Plaines, Illinois, United States and has operations across 54 countries in the world.
  • Wheels Inc's estimated annual revenue is around $1.6 billion.
  • The portfolio size of Wheels Inc's funded vehicles in the United States is 213,000, as of 2018.


Research Strategy

The data related to the fleet size of commercial, government, and rental vehicles are as of 2019. However, the data related to the fleet size of police and taxi vehicles are as of 2016 because the US Department of Transportation mentioned that the sourcing of police and taxi data after 2016 couldn't be conducted. Also, we were only able to find 2016 figures related to the percentage share of US fleet size (by the number of vehicles) and percentage share of US fleet size categories out of the total number of fleets. There were no sources found other than these that could have helped to find the above-mentioned data for recent years. Therefore, we've included the 2016 figures for some data points in the research above after analyzing that it wouldn't have a significant impact on the estimated numbers. In the below section, we've outlined three research strategies that we applied to find the figures for the above-mentioned data points for recent years.

First, we scoured through media and business websites including The New York Times, Automotive News, and Statista to find articles and/or reports related to the US fleet market. However, these websites only covered information related to the average age of the fleets in the US, motor vehicles in use in the US, number of automobiles registered in the US, and some very old statistics.

Second, we looked at various official and government databases and websites including the US Bureau of Transportation Statistics, US Department of Transportation, and US General Services Administration. We were only able to find very old statistics on these websites or data that were not very relevant to our research including fleet cost, revenue, and inventory management figures. These websites confirmed that no research related to the US fleet size and percentage share of vehicles were conducted in recent years.

Lastly, we also tried triangulating the recent year's data by looking for yearly growth information or by trying to assess the percentage growth of the commercial, government, and rental fleet figures of 2019 as compared to 2016. However, this strategy also did not yield any successful results.

Therefore, we've concluded that there was no research conducted after 2016, as stated by the US Bureau of Transportation Statistics also, for information related to police and taxi fleet, percentage share of US fleet size (by number of vehicles), and percentage share of US fleet size categories out of the total number of fleets.

The 3 trends in the research above were selected based on the highest number of mentions on various credible fleet business, research, and media websites including Automotive Fleet Magazine, Fleetio, BusinessFleet.com, ReachOutSuite, and Allied Market Research.

The 5 leading US fleet lessors were selected based on the largest portfolio size. The data was collected from a credible fleet business media and research website called Automotive Fleet. This source acquired the portfolio size data directly from the respective fleet lessors. We did find some data related to the portfolio size on the official websites of some companies. However, those figures were regional, continental, and global. Therefore, we've considered the above-mentioned credible source for US-specific data.
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