Capital Equipment News July 2024

FLEETS IN SOUTH AFRICA

Rickard Andersson was the author of the report.

Fleet Management in South Africa Berg Insight has released the “Fleet Management in South Africa – 7 th Edition” report, offering an in-depth analysis of the latest trends in the South African fleet management market. This comprehensive 120-page report provides a strategic outlook, including insights into the broader African market beyond South Africa. It features five year industry forecasts and expert commentary, designed to support informed business decisions. Capital Equipment News’ Juanita Pienaar spoke to Rickard Andersson who was the author of the report. He provided an overview.

However, many of these deployments involve basic tracking systems rather than advanced FM solutions. Data collection methodology Information was gathered from leading domestic and international fleet management solution providers as well as smaller local vendors. Data on vehicle populations and commercial fleets was sourced from major industry stakeholders including eNaTIS, NAAMSA, and OICA. Fleet management in South Africa The author, Rickard Andersson notes: “A fair share of the vendors [in South Africa] have their roots in the security side of vehicle applications given the widespread adoption of stolen vehicle tracking and recovery solutions in the country”. According to Andersson, some telemat ics companies have entered an ambiguous area in the market by adding fleet man

Main insights and findings According to Berg Insight’s latest research, the fleet management market in South Africa is set for significant growth. The number of fleet management (FM) systems is projected to increase from 2,3 million units in Q4-2023 to 3,8 million units

by 2028, driven by a compound annual growth rate (CAGR) of 10,3%. South Africa’s fleet telematics market is relatively mature. The penetration rate in the total population of fleet vehicles used by businesses is expected to rise from 47,3% in 2023 to 70% in 2028.

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