The Auto Collision Estimating Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Auto Collision Estimating Software Global Market Report 2024, The auto collision estimating software market size is expected to see rapid growth in the next few years. It will grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to integration of artificial intelligence (AI), rise in electric and autonomous vehicles, focus on environmental sustainability, global expansion of automotive aftermarket, increased emphasis on customer experience. Major trends in the forecast period include integration of AI and machine learning, cloud-based solutions, enhanced mobile solutions, data analytics for performance optimization, regulatory compliance and standardization.
The increase in road accidents is expected to propel the growth of the auto collision estimating software market going forward. Road accidents, or traffic accidents, refer to incidents involving vehicles, pedestrians, cyclists, or other road users on public roads or highways that result in damage, injury, or loss of life. Auto collision estimating software is used in the aftermath of road accidents, streamlining repairs, claims, and overall efficiency by analyzing photos, vehicle information, and damage details to generate repair estimates quickly and accurately. For instance, in May 2023, according to the Government Digital Service, a UK-based government body, the number of fatalities on UK roads increased by 8.7% from 1,558 in 2021 to 1,695 in 2022. Therefore, the increase in road accidents is driving the growth of the auto collision estimating software market.
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The auto collision estimating software market covered in this report is segmented –
1) By Type: Cloud-based Auto Collision Estimating Software, On-premise Auto Collision Estimating Software
2) By Deployment Model: SaaS (Software as a Service), Traditional Software
3) By Application: Small and Medium Enterprises (SMEs), Large Enterprises
4) By End-users: Independent Auto Repair Shops, Dealerships, Fleet Management Companies, Insurance Companies
Major companies operating in the auto collision estimating software market are concentrating on new innovations such as repair package solutions to reinforce their position in the market. These solutions provide a common language and framework that facilitate the seamless exchange of data between auto collision estimating systems, insurance companies and various other key stakeholders involved in the repair process. For instance, in October 2023, SUNÂ Collision, a US-based company that delivers OEM collision and mechanical repair information, launched revolutionary repair package solution that helps to automate the laborious blueprinting process, providing comprehensive documentation to support estimates and insurance claims. It represents a huge time-saver for service writers/estimators, allowing them to produce a fool-proof repair plan in seconds, eliminating the need for manual data entry.
The auto collision estimating software market report table of contents includes:
- Executive Summary
- Auto Collision Estimating Software Market Characteristics
- Auto Collision Estimating Software Market Trends And Strategies
- Auto Collision Estimating Software Market – Macro Economic Scenario
- Global Auto Collision Estimating Software Market Size and Growth
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- Global Auto Collision Estimating Software Market Competitive Benchmarking
- Global Auto Collision Estimating Software Market Competitive Dashboard
- Key Mergers And Acquisitions In Auto Collision Estimating Software Market
- Auto Collision Estimating Software Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Intuit Inc.
- Snap-On Inc
- ABRA Auto Body & Glass LP
- Solera Holdings Inc.
- CCC Intelligent Solutions Inc.
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