A recently released market report, Fleet Management in South Africa – 5th Edition from Berg Insight analyses the latest developments on the South African fleet management market. This study provides 120 pages of unique business intelligence, including 5-year industry forecasts, expert commentary and real-life case studies on which to base your business decisions.
Berg Insight expects a strong growth period for fleet management in South Africa in the years to come. The number of FM systems in active use is forecasted to grow at a compound annual growth rate (CAGR) of 12,6% from about 2,0-million units at the end of 2021 to reach 3,6-million units by 2026. The penetration rate in the total population of fleet vehicles used by businesses is at the same time estimated to increase from 41,5% in 2021 to 68,0% in 2026. South Africa is a relatively mature telematics market and the penetration rate is comparably high from an international perspective. Far from all deployments are, however, full-scale advanced FM solutions. A notable share of the installed fleet telematics systems on the South African market is represented by comparably low-end tracking systems such as light FM solutions, including SVR systems extended with basic FM features.
The South African fleet management market is clearly dominated by five domestic players with broad telematics portfolios that together represent 70% of the total number of fleet management systems in use in the country. Berg Insight ranks Cartrack and MiX Telematics as the largest providers of fleet management solutions in South Africa. Cartrack alone has more than half a million active FM units in the country. The remaining top-5 players are Tracker, Netstar and Ctrack. Other top-10 players on the South African fleet management market include local providers such as Bidtrack (Bidvest Group), Digicell and GPS Tracking Solutions (Eqstra Fleet Management), as well as international players including Webfleet Solutions (Bridgestone) and Gurtam. Autotrak, Digital Matter, PFK Electronics, Key Telematics/Radius Payment Solutions and Pointer SA (PowerFleet) are additional top-15 providers, all having estimated installed bases of at least 15 000 fleet management units in the country. Players just outside of the top list include Mtrack (Electronic Tracking Systems), Geotab and Globaltrack. International commercial vehicle OEMs including Scania, Daimler, Volvo Trucks, UD Trucks, MAN and Toyota have further introduced fleet telematics solutions in South Africa.
Questions answered
- How does the fleet management market in South Africa compare with other markets?
- What is the price level of fleet telematics solutions in South Africa?
- Which are the leading domestic providers of aftermarket fleet management solutions?
- Which international fleet management providers are targeting the South African market?
- What hurdles are there for foreign players?
- What offerings are available from commercial vehicle OEMs?
- Will the FM industry consolidate further during 2022 – 2023?
- How will the commercial vehicle telematics industry evolve in the future?