Report : Europe Dealer Management System Market Forecast to 2030 - Regional Analysis - by Deployment (On-premise and Cloud) and Equipment Type (Automobile, Agricultural & Forestry Machinery, Construction Equipment, Gardening Equipment, Heavy Trucks, Material Handling & Lifting Equipment, Mining Equipment, and Others)
At 11.2% CAGR, Europe Dealer Management System Market is Speculated to be Worth US$ 5,307.07 Million by 2030, says Business Market Insights
According to Business Market Insights research, the Europe dealer management system market was valued at US$ 2,272.50 million in 2022 and is expected to reach US$ 5,307.07 million by 2030, registering a CAGR of 11.2% 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 Europe dealer management system market expansion.
According to the 2018 Revision of World Urbanization Prospects published by the Population Division of the UN Department of Economic and Social Affairs, 55% of people in the world currently live-in urban settings. It is projected that the percentage will increase to 68% by 2050. By 2050, there will be an additional 2.5 billion people living in urban areas because of urbanization. With the fast-growing population count globally, demand for better infrastructure and transportation facilities is also rising proportionally. Additionally, different government agencies are focusing on developing their road infrastructure. For instance, in Europe, several road infrastructure construction projects are planned in 2023. Some of the largest projects include S19 Expressway, La Autovia A-32 Jaen to Albacete Highway Development, Gubrist Tunnel Renovation, S12 Expressway Piaski to Dorohusk, and Azov Bypass Road Development. Similar projects are being regularly undertaken across the globe to reduce connectivity woes and are expected to promote demand for various construction equipment. Additionally, several nations focus on developing smart cities and smart roadways. All such factors strongly promote the sale and leasing of construction equipment, heavy trucks, and material handling equipment. For instance, in May 2023, Deere & Co recorded higher-than-expected sales, raising its net income forecast for the rest of the year. Net sales for the company's construction and forestry segment increased 23% for the second quarter, rising to US$ 4.11 billion. Such factors enabled the rise in demand for dealership management systems globally.
On the contrary, growing data security concerns hampers the Europe dealer management system market.
Based on deployment, the Europe dealer management system market is bifurcated into on-premise and cloud. The cloud segment held 63.8% share of Europe dealer management system market in 2022, amassing US$ 1,450.75 million. It is projected to garner US$ 3,943.05 million by 2030 to expand at 13.3% CAGR during 2022-2030.
In terms of equipment type, the Europe 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 47.6% share of Europe dealer management system market in 2022, amassing US$ 1,081.38 million. It is projected to garner US$ 2,991.66 million by 2030 to expand at 13.6% CAGR during 2022-2030.
By country, the Europe dealer management system market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.4% share of Europe dealer management system market in 2022. It was assessed at US$ 554.49 million in 2022 and is likely to hit US$ 1,345.87 million by 2030, exhibiting a CAGR of 11.7% during 2022-2030.
Key players operating in the Europe dealer management system market are ANNATA Ehf, DealerBox SAS, Hitachi Solutions Ltd, Irium Software SAS, XAPT Software Consulting LLC, CDK Global Inc, Cox Automotive, and Constellation Software Inc, among others.
- In October 2021, XAPT Software Consulting LLC signed a contract with Israel Tractors & Equipment Co. (I.T.E), part of the ZOKO Enterprises implementing NAXT365. The system helps in improving and optimizing the business processes of Israel Tractors & Equipment Co. NAXT365 allows Zoko Enterprises to replace several applications with a single fully integrated solution.
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