Europe Dealer Management System Market Forecast to 2030 - Regional Analysis - by Deployment (On-premise and Cloud) and Equipment Type (Automobile, Agricultural & Forestry Machinery, Construction Equipment, Gardening Equipment, Heavy Trucks, Material Handl

Europe Dealer Management System Market Forecast to 2030 - Regional Analysis - by Deployment (On-premise and Cloud) and Equipment Type (Automobile, Agricultural & Forestry Machinery, Construction Equipment, Gardening Equipment, Heavy Trucks, Material Handling & Lifting Equipment, Mining Equipment, and Others)

The Europe dealer management system market is expected to grow from US$ 2,272.50 million in 2022 to US$ 5,307.07 million by 2030. It is estimated to record a CAGR of 11.2% from 2022 to 2030.

Advent of Autonomous Vehicles Drives Europe Dealer Management System Market

The global automotive industry is witnessing a huge paradigm shift due to the rising number of connected vehicles and autonomous vehicles. In transportation and logistics applications, the adoption rate of the dealer management system is expected to increase rapidly due to the growing popularity of autonomous vehicles, as it helps analyze vehicle's performance and inefficiencies on the in a short duration. The growth trajectory of fully autonomous cars is largely anticipated to depend upon numerous parameters, including technological advancements, consumer demand for fully automated cars, pricing, and safety. There is a rise in investments by auto companies to develop autonomous vehicles in the passenger category, commercial buses & trucks category, and Robo taxis. For instance, Germany-based FERNRIDE, a leading autonomous electric trucking company raised ~US$ 31 million in Series A funding to fast-track the transition towards automated and sustainable logistics. The company had already integrated automated trucks into operations of enterprises, such as BSH Hausgeräte GmbH, DB Schenker, HHLA, and Volkswagen, over the past one year. Similarly, in March 2022, autonomous vehicle firms Oxbotica and Goggo Network partnered to promote driverless delivery in Europe. The partnership was formed to combine former's autonomous driving software with Goggo's middle- and last-mile delivery operations across sectors such as food delivery, grocery, and fast-moving commercial goods (FMCG). Furthermore, similar trends are also being noted for the autonomous heavy equipment sector. For instance, in May 2023, Epiroc AB won a significant order for mining equipment, including battery-electric vehicles and autonomous fleet, from Boliden AB, a leading European mining company, for use at three of the latter's underground mines in Sweden. The new order follows Boliden's large order of similar equipment last year. In May 2023, Komatsu and Toyota launched a joint project to develop an autonomous light vehicle (ALV), planned to run on Komatsu's Autonomous Haulage System (AHS) for mining applications. Per the partnership agreement, Toyota will develop an ALV which will run autonomously under the control of a new ALV management program, to be developed by Komatsu, on its AHS. Thus, the advent of autonomous vehicles is expected to create numerous opportunities for vendors to provide efficient and advanced dealer management systems to dealers in the coming years. Additionally, automobile manufacturers across the globe are working on developing autonomous cars to enhance consumer traveling experiences. Moreover, increasing government initiatives to reduce traffic congestion drive the demand for autonomous vehicles across the globe. For instance, in 2023, the UK government revealed a plan to invest US$ 121.5 million to introduce autonomous vehicles (self-driving cars). The expansion of autonomous vehicles increases the demand for dealer management systems among automakers to streamline the delivery transaction. Additionally, the ride-sharing business need large cars for consumers travelling need. The growing number of consumers preferring ride-sharing services increases the demand for large cars among service providers or car drivers, which rise the adoption of dealer management system for managing rental cars. Thus, surge the demand for dealer management systems in the coming years. Advancements in technology, coupled with the popularity of ridesharing, fuel the demand for fully autonomous vehicles. Thus, the advent of autonomous vehicles is expected to create numerous opportunities for vendors to provide efficient and advanced dealer management systems to dealers in the coming years.

Europe Dealer Management System Market Overview

Germany, France, the UK, and Italy are among the major countries contributing to the growth of the Europe dealer management system market. In August 2023, the European Commission announced its plan to invest US$ 189.4 million in cutting-edge digital technologies and research. The region also established a Horizon Europe Program to boost collaborative research in artificial intelligence, robotics, and new materials. The evolution of AI-based dealership management system support auto dealers to enhance efficiency and customer experience. AI is used to analyze data and predict trends and customers' buying patterns that help dealers to make better decisions. For instance, AI analyses of sales data support dealers to predict demand for specific vehicles and optimize inventory management accordingly. The European equipment and machinery firms are implementing advanced dealer management systems that allows them to check inventory and manage the overall operation. Further, the cloud-based dealer management system is in high demand in the region, as the cloud-based system is easier to use and can be accessed 247 from anywhere. Moreover, the total cost of the cloud-based dealer management system is much lower than the on-premise dealer management system. The cost-benefit of cloud-based solutions makes it popular among small and medium enterprises. Dealer management system with advanced features such as scalability, accessibility, integration with legacy system, and use of artificial intelligence (AI) is in continuous demand across various industry verticals in the region. This has created an opportunity for dealer management system vendors to effectively cater to product demand and strengthen their position in the market.

In Europe, end users of dealer management systems are specific about vendor selection. A few of the key factors considered by end users before selecting suitable dealer management system vendors are brand name, level of customization the vendor offers, after-sales services, and training services. Therefore, any vendor entering the Europe dealer management system market needs to strengthen and streamline their business on these parameters to gain profits.

Europe Dealer Management System Market Revenue and Forecast to 2030 (US$ Million)

Europe Dealer Management System Market Segmentation

The Europe dealer management system market is segmented into deployment, equipment type, and country.

Based on deployment, the Europe dealer management system market is bifurcated into on-premise and cloud. The cloud segment held a larger share of the Europe dealer management system market in 2022.

In terms of equipment, the Europe dealer management system market is segmented into automobile, agricultural & forestry machinery, construction equipment, garden equipment, heavy trucks, material handling & lifting equipment, mining equipment, and others. The automobile segment held the largest share of the Europe dealer management system market in 2022.

Based on country, the Europe dealer management system market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe dealer management system market in 2022.

ANNATA Ehf, DealerBox SAS, Hitachi Solutions Ltd, Irium Software SAS, XAPT Software Consulting LLC, CDK Global Inc, Cox Automotive, and Constellation Software Inc are some of the leading companies operating in the Europe dealer management system market.

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