Automotive Dealer Management System Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Services (On-Site and Cloud); Application (Sales, Finance, Inventory Management, Dealer Tracking, and Customer Relationship Management); Type (Public and Private)); and Region/Country
Detailed Analysis of COVID-19 Impact on the Automotive Dealer Management System Market
The Automotive Dealer Management System Market is expected to grow at a steady rate of around 5% during the forecast period. Dealers can use the automotive dealer management system (DMS) to manage business records. This software helps them to maintain and secure the data of the customers, deals, outgoing and incoming stocks. The factors like running the business effectively, providing real-time data, and helping to even make the business deal better and remove the inefficiencies. The key players in the market are now integrating artificial intelligence with dealer management systems to launch their enhanced products in the market. For instance, in 2021, Yana launched Yana chatbot which is fully integrated with Yana Dealer Management System that can be embedded into automotive dealers’ website, or web chat channels providing virtual assistance and customer care services to enhance customer experience.
Insights Presented in the Report
“Amongst services, cloud category to witness robust CAGR during the forecast period”
Based on services, the market is segmented into On-Site and Cloud. Cloud category to witness higher CAGR during the forecast period. The cost-effectiveness of the cloud software, increasing sales of the vehicle and growing dependency on online services further facilitate the growth of the global automotive dealer management system. For instance, according to the MMR analysis, in February 2021, the tekion crop. Comes up with a cloud-based platform with all the advanced features in the dealer management system market and automotive retail cloud.
“Amongst application, the inventory management to hold a significant share in the market in 2020”
Based on Application, the market is categorized into sales, finance, inventory management, dealer tracking, and customer relationship management. Among these, the inventory management to hold a significant share in the market in 2020. This is because improvements in resource utilization are assisting automotive industry players in making significant profits.
“Amongst type, the private category to hold a significant share in the market in 2020”
Based on type, the automotive dealer management system market has been classified into Public and private. The private category is to witness higher adoption during the forecast period. Public markets are scarce. Also. the services of the private sectors are highly appreciated by consumers thereby supporting the segmental growth as well as the growth of the DMS system. Additionally, there are fewer public companies offering these systems than private companies operating in the industry.
“APAC to hold a significant share in the market”
For a better understanding of the market adoption of the Automotive Dealer Management System industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Globally, North America is the leading market for automotive dealer management systems due to the wide acceptance of advanced technology in the U.S. automotive industry, one of the major dealer management systems markets, and the concentration of major global players. It occupies a large share in the system market.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|Currency used in Report
|Research Process of the All-Terrain Vehicle Market
|Research Methodology of the All-Terrain Vehicle Market
|Main Objective of the All-Terrain Vehicle Market Study
|IMPACT OF COVID-19 ON THE ALL-TERRAIN VEHICLE MARKET
|ALL-TERRAIN VEHICLE MARKET REVENUE, 2020-2028F
|Utility all-terrain vehicle
|Sport all-terrain vehicle
|Military & Defense
|Rest of North America
|Rest of Europe
|Rest of Asia-Pacific
|Rest of World
|ALL-TERRAIN VEHICLE MARKET OPPORTUNITIES
|ALL-TERRAIN VEHICLE MARKET TRENDS
|Demand Side Analysis
|Supply Side Analysis
|VALUE CHAIN ANALYSIS
|Porters Fiver Forces Analysis
|Honda Motor Company Ltd.
|Kawasaki Heavy Industries Ltd.
|Yamaha Motor Co. Ltd.
|Suzuki Motor Corporation
|Deere & Company
|Bombardier Recreational Products Inc.
|KWANG YANG MOTOR CO., LTD.
|Hisun Motors Corp.
Research Methodology for the Automotive Dealer Management System Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive dealer management system market were the three major steps undertaken to create and analyze the adoption of automotive dealer management systems in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive dealer management system market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automotive dealer management system market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automotive dealer management system market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as services, application, and type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive dealer management system market. Further, we conducted factor analysis using dependent and independent variables such as various services, application, and type of automotive dealer management systems. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive dealer management system market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive dealer management system market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the automotive dealer management system market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global automotive dealer management system market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive dealer management system market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, drive type, and application in the global automotive dealer management system market.
The main objective of the Global Automotive Dealer Management System Market Study
The current & future market trends of the global automotive dealer management system market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the automotive dealer management system market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of services, application, and type.
- Define and analysis of the regulatory framework for the automotive dealer management system
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the automotive dealer management system market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the automotive dealer management system market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry