According to our latest study on "Automotive dealer management system Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by component, Application, Deployment," the automotive dealer management system market size was valued at US$ 4.28 billion in 2023 and is expected to reach US$ 9.50 billion by 2031; it is estimated to record a CAGR of 10.5% from 2023 to 2031.
The automotive dealer management system market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC, respectively.
In recent years, sales of individually owned automobiles, particularly passenger cars, surged dramatically owing to a growing customer desire for individually owned vehicles and technical advancements in the automotive sector. Furthermore, with the introduction of electric and alternative fuel cars, the demand for automobiles is increasing dramatically. In addition, the growing automobile ownership is primarily attributed to the rising disposable income of consumers in developing nations and changing lifestyle choices.
According to the International Organization of Motor Vehicle Manufacturers, global sales for automobiles were 92.7 million units in 2023. In 2023, China alone accounted for ?60% of total EV sales across the world. In addition, numerous Chinese manufacturers, including BYD, SAIC-GM Wuling, Chery, Changan, Geely, Hozon Auto, and Xpeng, are focusing on EV manufacturing for local and foreign markets. These firms are working on developing EV technology and lowering total car prices, which increases vehicle sales in global markets. Thus, the rising vehicle sales drive the global automotive dealer management systems market growth.
The automotive dealer management system market in Germany is primarily driven by significant investments made by enterprises and the need to effectively manage and maintain business operations. Dealer management systems are used to streamline the sales process and efficiently manage inventory. These systems support the sales team in managing customer information, tracking leads, and enhancing the overall customer experience. In Germany, the sales proportion of electric vehicles (EVs) reached up to 25% in 2023. This affected the region's overall electric car sales share. In the Rest of Europe, EV sales and market share have surged. The expansion of the EV industry is creating demand for DMS among EV manufacturers to manage the overall EV delivery process.
Key Findings of Automotive dealer management system Market Study:
By geography, the automotive dealer management system market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America. North America dominated the global automotive dealer management system market, followed by Europe and APAC, in 2023. The market in North America is segmented into the US, Canada, and Mexico. The region accounts for a sizable portion of the global market due to significant investments in automation and software and the increasing number of dealership outlets in the region. Automakers and auto part dealers heavily rely on an automobile dealer management system to organize and monitor orders. These car dealers use current dealer management systems to improve efficiency and increase productivity of their operations. Many system vendors are developing their current dealer management solutions.
Based on application, the global automotive dealer management system market is segmented into inventory management, appointing scheduling, customer relationship management, dealer tracking, and others. Customer relationship management segment major automotive dealer management system market share in 2023. An automotive dealer management solution frequently assists in customer relationship management (CRM), enabling dealerships to track communication history, manage customer interactions, and maintain detailed customer profiles. An automotive DMS offering auto dealership CRM features offers personalized service to customers, including setting the path for a long-term customer relationship for greater satisfaction and loyalty and tracking their preferences. Wipro offers Next-Gen DMS with CRM capabilities for the automotive and manufacturing industries. It connects OEMs and companies, distributors, dealers, and customers, providing a flawless and enriched operational experience
SAP SE, Cox Automotive , Tekion Corp , Dealerbuilt, Dominion Dms LLC, Cdk Global Inc, Wipro Ltd, Garageplug Inc., Oracle Corp, Autosoft, Inc., Jeal Computer Services Pty Ltd, Aspire Systems, Nextlane, Automanager, SECL Group Corporation, PBS Systems, Gemini Systems, Excellon Software Pvt. Ltd., Auto/Mate, LLC, and Quorum Information Technologies Inc are among the key players profiled in the automotive dealer management system market report. Several other major players were studied and analyzed during the automotive dealer management system market analysis to get a holistic view of the market and its ecosystem. The automotive dealer management system market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current automotive dealer management system market trends and their foreseeable impact during the forecast period.
Contact UsContact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id:
sales@premiummarketinsights.com