At 10.9% CAGR, Europe Automotive Dealer Management System (DMS) Market is Projected to be Worth US$ 2,774.68 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Europe automotive dealer management system (DMS) market was valued at US$ 1,212.83 million in 2023 and is expected to reach US$ 2,774.68 million by 2031, registering a CAGR of 10.9% from 2023 to 2031. Integration of generative AI in dealer management business and advent of autonomous vehicles are among the critical factors attributed to drive the Europe automotive dealer management system (DMS) market growth.

The global automobile industry is undergoing a massive paradigm change as the number of connected and autonomous cars grows. The adoption rate of dealer management systems in transportation and logistics applications is predicted to grow rapidly due to the rising popularity of autonomous cars since it allows for a quick analysis of vehicle performance and inefficiencies. The growing inclination toward autonomous automobiles is attributed to technological improvements, customer desire for fully automated vehicles, affordability, and safety. Automakers are increasing their spending on developing self-driving passenger cars, commercial buses and trucks, and robot taxis.

Comparable developments are being observed in the autonomous heavy equipment sector. In May 2023, Epiroc AB received a substantial order for mining equipment, including battery-electric vehicles and an autonomous fleet, from Boliden AB, a leading European mining business, for use in three of the latter's deep mines in Sweden. The latest order follows Boliden's massive order of identical equipment from last year that is 2022. In May 2023, Komatsu and Toyota announced a cooperative initiative to create an autonomous light vehicle (ALV) for mining operations based on Komatsu's Autonomous Haulage System (AHS). According to the collaborative agreement, Toyota will build an ALV that will operate independently on its AHS, controlled by a new ALV management program developed by Komatsu. Thus, such strategic initiatives are expected to offer new opportunities for the market growth.

On the contrary, growing data security concerns hamper the growth of Europe automotive dealer management system (DMS) market.

Based on component, the Europe automotive dealer management system (DMS) market is bifurcated into software and services. The software segment held 68.7% market share in 2023, amassing US$ 833.41 million. It is projected to garner US$ 1,964.46 million by 2031 to register 11.3% CAGR during 2023-2031.

In terms of application, the Europe automotive dealer management system (DMS) market is segmented into inventory management, appointment scheduling, customer relationship management, dealer tracking, and others. The customer relationship management segment held 32.9% share of Europe automotive dealer management system (DMS) market in 2023, amassing US$ 399.04 million. It is anticipated to garner US$ 890.57 million by 2031 to expand at 10.6% CAGR during 2023-2031.

By deployment, the Europe automotive dealer management system (DMS) market is divided into cloud-based and on-premise. The cloud-based segment held 70.0% share of Europe automotive dealer management system (DMS) market in 2023, amassing US$ 849.01 million. It is projected to garner US$ 2,052.33 million by 2031 to expand at 11.7% CAGR from 2023 to 2031.

Based on country, the Europe automotive dealer management system (DMS) market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.5% share of Europe automotive dealer management system (DMS) market in 2023. It was assessed at US$ 297.10 million in 2023 and is likely to hit US$ 703.66 million by 2031, registering a CAGR of 11.4% during 2023-2031.

Key players operating in the Europe automotive dealer management system (DMS) market are CDK Global Inc, Wipro Ltd, Aspire Systems, Nextlane, SECL Group Corporation, SAP SE, Cox Automotive, Oracle Corp, and Gemini Systems, among others.


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