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Auto Collision Estimating Software Market Analysis

  • Report ID: GMI8521
  • Published Date: Mar 2024
  • Report Format: PDF

Auto Collision Estimating Software Market Analysis

Based on deployment model, the market is divided into on-premises and cloud. The cloud segment is expected to hold around 65% of the market share by 2032. Cloud-based software eliminates the requirement for an initial investment in hardware and software licensing. Repair shops pay a subscription charge, generally depending on consumption, making it a more scalable and cost-effective solution, particularly for small enterprises.

Cloud software is available on any device with an internet connection. This eliminates the geographical limits associated with on-premise systems, allowing professionals to work remotely as needed. In addition to this, cloud suppliers manage software upgrades and maintenance, offering repair companies access to the most recent features and problem fixes.

Auto Collision Estimating Software Market, By End Users, 2023

Based on end users, the auto collision estimating software market is categorized into independent auto repair shops, dealerships, fleet management companies and insurance companies. The independent auto repair shops segment accounted for 38% of the market share in 2023. Independent stores frequently operate on narrower margins than licensed dealerships. Collision estimate software allows companies to improve their repair procedures, lowering labor costs and saving time with features such as automatic damage assessment and rapid & precise repair cost estimation.

Along with this, independent stores frequently rely on establishing a good reputation and client loyalty. Collision estimating software enables them to give clear & precise repair cost estimates to clients, encouraging confidence and providing repairs faster owing to improved operations, thus increasing customer happiness.

North America Auto Collision Estimating Software Market Size, 2022 -2032, (USD Million)

North America auto collision estimating software market recorded over 36% of the revenue share in 2023. North America has a well-established and substantial automotive sector. The growing number of cars on the road is increasing the chances of accidents, which in turn, directly increases the need for collision repair services such as the use of effective estimation software.

The region has a well-developed insurance market that offers comprehensive coverage for vehicle collision repairs. This encourages repair firms to use technology solutions such as collision estimating software to help insurance companies and policyholders handle claims more quickly & smoothly as well as ensure accurate cost estimates, reducing disagreements and delays. In addition to this, North America is a hub of technological innovation that swiftly adopts new technology. This creates a favorable atmosphere for the development and deployment of complex collision estimation software solutions, thus propelling market growth. 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of auto collision estimating software reached USD 2 billion in 2023 and is set to witness 7.5% CAGR from 2024-2032, owing to the rising number of vehicles on the road and increased risk of accidents worldwide.

The cloud segment recorded 65% market share in 2023, due to its ability to eliminate the requirement for an initial investment in hardware and software licensing.

North America market held over 36% share in 2023, attributed to the presence of a well-established and substantial automotive sector in the region.

Alldata LLC, CCC Intelligent Solutions Inc., Constellation R.O. Writer Inc., Enlyte Group, LLC., Mitchell Repair Information Company, LLC., RepairShopr, Scott Systems, Smart Estimator App, and Web-Est Inc., are some of the major auto collision estimating software companies worldwide.

Auto Collision Estimating Software Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 270
  • Countries covered: 26
  • Pages: 240
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