Fleetmatics Group has released a five-year telematics analysis that attempts to quantify the return on investment for fleets who have adopted its telematics products.
The FleetBeat report looks at productivity and utilization trends, as well as cost efficiencies and idling reduction trends. The report also cites several prior studies that have attempted to quantify the size of the telematics market as well as usage among commercial car and truck fleets.
In the section on productivity and utilization, FleetBeat examines data about service call and delivery performance. It looks at service radius benchmarks for 12 fleet-driven industries such as electrical, landscaping, and plumbing. Fleetmatics customers experienced a 13 percent increase in stops and a 15 percent increase in vehicle utilization after adding Fleetmatics' fleet management software.
FleetBeat also analyzed cost efficiencies such as payroll and fuel savings gained with an optimized fleet. The average workday fell 20 percent on average to 8.6 hours from 10.6 hours. When paired with an engine idle reduction campaign, the savings multiply. Fleets saved an average of $45 per vehicle per month or $540 per vehicle per year, according to Fleetmatics.
Lastly, the report looks at idling trends, noting an average decrease of 12 percent in idling minutes per vehicle per day.
The Fleetmatics report studied 20,000 commercial service fleets in the U.S. and Canada. It cited a MarketsandMarkets report estimating the telematics market at $30.45 billion in 2018, up from $10.91 billion in 2013. A Frost and Sullivan report from 2012 estimated that 12.6 percent of all commercial vehicles in the U.S. and Canada are equipped with a telematics system.
For the full Fleetmatics FleetBeat report, go here.
Originally posted on Automotive Fleet