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Vehicle Routing And Scheduling Market Size, Share & Industry Analysis, By Type ( Single Depot, Multi Depot, Integrated Fleet ), By Application Type ( Manufacturing, Retail, Distribution & Services ) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI104112 | Status : Ongoing

 

KEY MARKET INSIGHTS

The routing and scheduling system is a specialized transportation management application that is used to generate and optimize the schedule and route of transportation operations. The purpose of fleet routing and scheduling solutions is to directly or indirectly control and manage the organization of transportation assets and resources. These tools are often used to develop a route map, and can also store information related to the quantity and type of goods to be collected or delivered, vehicle availability and capacity, customer locations and collection and delivery windows, and driver shift patterns. Also, this system can test multiple situations to check the cost of different route alternatives, thereby generating a route planning schedule at the best cost and providing priority services in real time. The routing and scheduling system can maintain customer service goals and help provide quality services within the specified time. It also provide help to companies to minimize fuel consumption, reduce operating costs, total route distance, halting duration and average miles. Vehicle routing and scheduling is a well-established market. While meeting feasibility limitations, the ever-increasing need to minimize transportation costs is a key factor driving the growth of the vehicle routing and scheduling market.


Market Segmentation:


Globally, the vehicle routing and scheduling market is segmented by type, by application type, and by geographic coverage. Based on type, the market is further segmented into single depot, multi depot, and integrated fleets. The multi depot segment holds the largest share in the global market and is expected to further propel during the forecast period owing to the rapid growth in the service industry. For multi-depot operations, the process can be planned centrally, and perhaps detailed route scheduling can be done locally, which enables warehouses to support each other without having to carry additional vehicles. In multi-depot, the vehicle routing and scheduling system controls and manages the transportation of goods and routes of the vehicle for delivery or collection of goods from multiple locations. The application type is further segmented into manufacturing, retail, and distribution and service. The distribution and service segment accounts for the major share in the global market owing to the increasing development of logistics and transportation sector as well as increasing trend for online shopping and other services. The home food delivery services and taxi services are increasingly using vehicle routing and scheduling systems to ensure faster delivery and reduce the overall costs of logistics. Also, the rising popularity of the online e-commerce platforms, individuals are now going for online shopping options which provides hustle free and home door delivery of goods and services. All these factors are thus creating high demand for the vehicle routing and scheduling systems in the global market.

Key Market Driver -

Increase in the logistics and transportation sectors is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

System malfunctions may hinder the growth of the market during the forecast period.


Key Players:


Major players operating in the global vehicle routing and scheduling market include OptimoRoute, Inc., Verizon, Route4Me, Inc., The Descartes Systems Group Inc., Paragon Software Systems plc, FLS- Fast Lean Smart UK Ltd., ORTEC, Trimble Inc., BluJay, Mercury Gate International, JDA Software Group, Inc., Oracle Corporation, Verizon Connect, and SAP SE among others.

Key Insights 



  • New Advancements in Vehicle Routing and Scheduling

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the vehicle routing and scheduling market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the largest share in the global market and is expected to maintain its dominant position over the forecast period. The high demographic growth, increasing urbanization, expansion of the industrial sector, improvement in the standards of living and rise in the purchasing power among people are the foremost factors for the rapid development in the logistics and transportation sector. Also, the growing popularity of the e-commerce platforms in this region and adoption of advanced technology by various industries for shipping, deliveries and collecting of goods which is ultimately creating a lucrative growth in the vehicle routing and scheduling system in this region. North America also shows an exponential growth in the global market owing to the rapid development of new infrastructures and expansion of the industrial sector.

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Segmentation






















ATTRIBUTES    

DETAILS        

By Type



  • Single Depot

  • Multi Depot

  • Integrated Fleet



By Application Type



  • Manufacturing

  • Retail

  • Distribution & Services



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World


 


 





  • Ongoing
  • 2023
  • 2019-2022

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