The Auto Collision Repair Management Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Auto Collision Repair Management Software Global Market Report 2024, The auto collision repair management software market size is expected to see strong growth in the next few years. It will grow to $1.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing collision rates, data analytics and business intelligence, enhanced customer experience and communication, stringent regulatory standards, globalization of automotive industry. Major trends in the forecast period include integration with advanced vehicle technologies, AI and machine learning for estimation accuracy, enhanced mobility and cloud solution, digital customer interaction and communication, environmental sustainability initiatives.
The growing number of vehicles is expected to propel the growth of the auto collision repair management software market going forward. As the global population increases, the need for personal mobility grows, which increases reliance on vehicles. Auto collision repair management software is used in vehicles to enhance operational efficiency, improve customer service, and ensure the smooth management of repair processes in the automotive industry. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting an increase of 5.7% compared to 2021. Furthermore, according to Brand Finance plc, a UK-based brand valuation company, the automobile sector achieved approximately 78 million unit sales in 2022, a 10% increase from 2021. Therefore, the growing number of vehicles on the road is driving the growth of auto collision repair management software market.
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The auto collision repair management software market covered in this report is segmented –
1) By Type: Cloud-Based, On-Premises
2) By Component: Software, Services
3) By Application: Small And Medium Enterprises (SMEs), Large Enterprises
4) By End-User: Independent Repair Shops, Multi-Shop Operators (MSOs)
Major companies operating in the auto collision repair management software market are focusing on developing innovation such as collisionclarity documentation software to address the evolving needs of the industry. This software displays all photos and documents related to a vehicle's damage and required repairs in sequence, making it easy to expedite the claims process and reduce the need for back-and-forth communication. For instance, in October 2023, DCR Systems LLC, a US-based provider of collision repair and mechanical services, launched collisionclarity, a cloud-based software for the collision industry that can be used with any management or estimating software. It offers various features, including cloud-based compatibility, permanent electronic records, automation, and liability mitigation. This solution helps to streamline the information captured by adding automation, including original equipment manufacturer (OEM) repair information, position statements, storage of photos and videos, and other pertinent details.
The auto collision repair management software market report table of contents includes:
- Executive Summary
- Auto Collision Repair Management Software Market Characteristics
- Auto Collision Repair Management Software Market Trends And Strategies
- Auto Collision Repair Management Software Market - Macro Economic Scenario
- Global Auto Collision Repair Management Software Market Size and Growth
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- Global Auto Collision Repair Management Software Market Competitive Benchmarking
- Global Auto Collision Repair Management Software Market Competitive Dashboard
- Key Mergers And Acquisitions In Auto Collision Repair Management Software Market
- Auto Collision Repair Management Software Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- PPG Industries Inc.
- AkzoNobel N.V.
- Autodesk Inc
- BASF Coatings GmbH
- BELFOR Property Restoration
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The global Automotive Collision Repair Market to reach USD 206.46 billion by 2025, driven by a surge in automobile production, digitalization of automobile repair services and advances in manufacturing technology such as 3D printing of automotive parts to optimize costs.
Europe was the largest market accounting for 44.9% of the revenue share in 2016.
However, it is expected to lose its share over the forecast period on account of increase in trade barriers created by Brexit.The increase in demand for vehicles driven by improvement in lifestyle in developing countries such as India and Brazil is expected to drive the growth of the market.
Asia Pacific is anticipated to witness the fastest growth over the forecast period at a CAGR of 3.7% on account of increase in production and sale of automobiles and rising living standard.
The increase in the number of vehicles on the road in countries such as China and India is expected to drive growth.Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-collision-repair-industryThe automobile industry is expected to grow on account of increasing demand for passenger cars.
Increasing number of accidents due to the lack of proper infrastructure is projected to drive the demand for spare parts and other special tools.
