of the fastest growing segments in fleet services because the economic drivers are compelling.
According to Market Intelo, a provider of strategy consulting and custom business intelligence services, the global mobile fleet servicing market was valued at approximately $ 2.3 billion in 2024 and is projected to climb to $ 5.8 billion by 2033. Reflecting a profound shift in how asset heavy industries approach maintenance, the broader mobile field service management market is expected to grow at a 15.3 % Compound Annual Growth Rate( CAGR) through 2032, signaling sustained demand across multiple industries.
Construction and utilities are leading this transition, noted fleet maintenance management software provider BrightOrder. Construction fleets alone are projected to grow at a 14.5 % CAGR through 2032, driven in large part by the increasing use of telematics for equipment tracking, maintenance scheduling and theft prevention. Utility and energy fleets are close behind, with projected growth of 10.9 % through 2035 as operators prioritize reliability across geographically dispersed assets. Regionally, North America currently holds the largest share at 38 %.
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