Summary

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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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Dealer Management System Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. Europe Dealer Management System Market - Key Market Dynamics
5.1 Dealer Management System Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Technological Advancements in Automotive Industry
5.2.2 Rising Demand for Construction Equipment
5.2.3 Increasing Integration of DMS with Different Management Systems
5.3 Market Restraints
5.3.1 Growing Data Security Concerns
5.4 Market Opportunities
5.4.1 Advent of Autonomous Vehicles
5.5 Future Trends
5.5.1 Integration of Artificial Intelligence to Revolutionize Dealer Management Business
5.6 Impact of Drivers and Restraints:
6. Dealer Management System Market - Europe Market Analysis
6.1 Dealer Management System Market Revenue (US$ Million), 2022 - 2030
6.2 Dealer Management System Market Forecast and Analysis
7. Europe Dealer Management System Market Analysis - Deployment
7.1 On-Premise
7.1.1 Overview
7.1.2 On-Premise Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Cloud
7.2.1 Overview
7.2.2 Cloud Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Dealer Management System Market Analysis - Equipment Type
8.1 Automobile
8.1.1 Overview
8.1.2 Automobile Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Agricultural & Forestry Machinery
8.2.1 Overview
8.2.2 Agricultural & Forestry Machinery Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Construction Equipment
8.3.1 Overview
8.3.2 Construction Equipment Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Garden Equipment
8.4.1 Overview
8.4.2 Garden Equipment Market, Revenue and Forecast to 2030 (US$ Million)
8.5 Heavy Trucks
8.5.1 Overview
8.5.2 Heavy Trucks Market, Revenue and Forecast to 2030 (US$ Million)
8.6 Material Handling & Lifting Equipment
8.6.1 Overview
8.6.2 Material Handling & Lifting Equipment Market, Revenue and Forecast to 2030 (US$ Million)
8.7 Mining Equipment
8.7.1 Overview
8.7.2 Mining Equipment Market, Revenue and Forecast to 2030 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Dealer Management System Market - Country Analysis
9.1 Europe
9.1.1 Europe Dealer Management System Market Overview
9.1.2 Europe Dealer Management System Market, By Key Country - Revenue 2022 (US$ Mn)
9.1.3 Europe Dealer Management System Market Revenue and Forecasts and Analysis - By Country
9.1.3.1 Europe Dealer Management System Market Revenue and Forecasts and Analysis - By Country
9.1.3.2 Germany Dealer Management System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.2.1 Germany Dealer Management System Market Breakdown, by Deployment
9.1.3.2.2 Germany Dealer Management System Market Breakdown, by Equipment Type
9.1.3.3 France Dealer Management System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.3.1 France Dealer Management System Market Breakdown, by Deployment
9.1.3.3.2 France Dealer Management System Market Breakdown, by Equipment Type
9.1.3.4 Italy Dealer Management System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.4.1 Italy Dealer Management System Market Breakdown, by Deployment
9.1.3.4.2 Italy Dealer Management System Market Breakdown, by Equipment Type
9.1.3.5 UK Dealer Management System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.5.1 UK Dealer Management System Market Breakdown, by Deployment
9.1.3.5.2 UK Dealer Management System Market Breakdown, by Equipment Type
9.1.3.6 Russia Dealer Management System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.6.1 Russia Dealer Management System Market Breakdown, by Deployment
9.1.3.6.2 Russia Dealer Management System Market Breakdown, by Equipment Type
9.1.3.7 Rest of Europe Dealer Management System Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.3.7.1 Rest of Europe Dealer Management System Market Breakdown, by Deployment
9.1.3.7.2 Rest of Europe Dealer Management System Market Breakdown, by Equipment Type
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Product Development
10.4 Mergers & Acquisitions
11. Company Profiles
11.1 ANNATA Ehf
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 DealerBox SAS
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Hitachi Solutions Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Irium Software SAS
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 XAPT Software Consulting LLC
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 CDK Global Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Cox Automotive
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Constellation Software Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 Word Index