Asia Pacific Dealer Management System Market Revenue to cross US$ 5035.80 million by 2030

At 12.0% CAGR, Asia Pacific Dealer Management System Market is Speculated to be Worth US$ 5,035.80 Million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific dealer management system market was valued at US$ 2,027.58 million in 2022 and is expected to reach US$ 5,035.80 million by 2030, registering a CAGR of 12.0% from 2022 to 2030. Growing technological advancements in automotive industry, rising demand for construction equipment, and increasing integration of DMS with different management systems are among the critical factors attributed to the Asia Pacific dealer management system market expansion.

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. 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. 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.

On the contrary, growing data security concerns hampers the Asia Pacific dealer management system market.

Based on deployment, the Asia Pacific dealer management system market is bifurcated into on-premise and cloud. The cloud segment held 59.4% share of Asia Pacific dealer management system market in 2022, amassing US$ 1,203.60 million. It is projected to garner US$ 3,537.28 million by 2030 to expand at 14.4% CAGR during 2022-2030.

In terms of equipment type, the Asia Pacific dealer management system market is categorized into automobile, agricultural & forestry machinery, construction equipment, garden equipment, heavy trucks, material handling & lifting equipment, mining equipment, and others. The automobile segment held 48.7% share of Asia Pacific dealer management system market in 2022, amassing US$ 987.08 million. It is projected to garner US$ 2881.01 million by 2030 to expand at 14.3% CAGR during 2022-2030.

By country, the Asia Pacific dealer management system market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 28.0% share of Asia Pacific dealer management system market in 2022. It was assessed at US$ 567.32 million in 2022 and is likely to hit US$ 1,529.88 million by 2030, exhibiting a CAGR of 13.2% during 2022-2030.

Key players operating in the Asia Pacific dealer management system market are e-Emphasys Technologies Inc., ANNATA Ehf, DealerBox SAS, Hitachi Solutions Ltd, XAPT Software Consulting LLC, CDK Global Inc, Tekion Corp, and Cox Automotive, among others.