TECHGuru

  Automotive fleet is a group of vehicles which is owned and managed by a government organization or a private company. At times, the government organization or private company governing the automotive fleet also prefers to lease the vehicles. Rising industrialization is fueling the demand for a large number of high capacity vehicles for large-scale transport and shipment of goods and services in several countries across the world. This is expected to drive the automotive fleet market during the forecast period. The entry of several companies into fleet management and service business and increasing government investments in the automotive fleet management sector are anticipated to further fuel the automotive fleet market in the near future. Companies are strategically utilizing their fleet of vehicles as a means to gain public exposure by placing logos and advertisements on each vehicle. Increasing technological advancements such as vehicle-to-vehicle connectivity, also known...