These are the benefits that European businesses have achieved since implementing a GPS fleet tracking system

Inflation, supply chain constraints, fuel price fluctuations, and a more competitive market have created an environment where organisations must make every pound count. Fleet managers are facing even more pressure and challenges to efficiently maintain daily operations and contribute to a positive bottom line.

In this highly competitive scenario, fleet tracking technologies become one of the best allies to help businesses stay competitive and help improve important areas such as fuel consumption, saving costs and customer service - along with other strategic areas of the businesses. 

Actually, according to the Fleet Technology Trends Report Survey conducted for Verizon Connect by ABI Research, researchers reported that the percentage of fleets using GPS vehicle tracking technology stood at 71% in 2022, a 3-percent increase from last year. This shows that it’s a consolidated and growing solution for businesses in Europe.

What is the fleet technology currently utilised in the UK and Europe? 

The challenges that businesses face every day to maintain daily operations efficiently and get results in this ‘back to normal’ scenario, have contributed to trust in fleet management technologies to build resilience and strengthen their business.

Fleet Technology currently utilised in the UK and Europe

• GPS tracking: 71%
• In-cab video (including front facing and driver facing cameras): 42%
• Asset/ trailer/ equipment tracking: 42%

GPS tracking is the fleet management technology most utilised in the UK and Europe for the second year in a row.  In second place  we found in-cab video to be the most utilised technology. It’s an integrated camera that provides first-hand knowledge of what is happening on the road. In-cab video can help analyse drivers’ behaviour to clarify the facts in case of an accident. Video also protects your business from false claims, helps to coach your team and promotes safe driver behaviour.

And in third position relating to the most utilised fleet management technologies in the UK and EU was asset vehicle tracking. This technology helps fleet managers to monitor assets in near real-time, improve asset utilisation and security and easily boost productivity in the field and at the office. 

If we compare the use of all fleet management technologies in the UK and Europe from last year, we find that there is an overall increase:

Let’s see in detail the positive improvements that businesses achieved after the implementation of these fleet management technologies: 

Positive improvements since implementing GPS fleet tracking across all industries:

• Improved customer service: 70%
• Tachograph/ regulatory compliance: 61%
• Improved routing: 62%
• Improved productivity: 59%
• Decrease in fuel consumption: 54%
• Decrease in accidents: 46%
• Improved vehicle maintenance: 33%
• Decrease in labour costs: 27%
• CO2 reduction: 46%

76% of survey respondents in the UK and Europe who have a GPS fleet tracking stated that it’s ‘very’ or ‘extremely’ beneficial.

Positive improvements since implementing in-cab video across all industries:

• Reduced insurance costs: 47%
• Reduced accident costs: 64%
• Improved driver safety: 76%
• Improved protection from false claims: 73%
• CO2 reduction: 39%

77% of survey respondents in the UK and Europe who have an in-cab solution stated that it’s ‘very’ or ‘extremely’ beneficial.

Positive improvements after implementing asset/ trailer/ equipment tracking across all industries:

• Improved equipment/trailer utilisation: 73%
• Improved equipment trailer security: 60%
• Reduced insurance costs: 43%
• Improved efficiency /productivity for drivers/ workers: 65%
• Improved efficiency /productivity for office staff/ management: 32%
• CO2 reduction: 30%

73% of survey respondents in the UK and Europe who have an asset tracking solution stated that it’s ‘very’ or ‘extremely’ beneficial. 

To learn more about how fleet management technologies can help you and your business, download the full Fleet Technology Trends Report for UK and Europe 2023.