What are the Historical Developments and Current Growth Metrics of the Auto Collision Estimating Software Market?
The auto collision estimating software market has seen considerable growth due to a variety of factors.
• The market for auto collision estimating software has experienced swift expansion in previous years. The market is set to escalate from a value of $2.33 billion in 2024 to $2.63 billion in 2025, showcasing a compound annual growth rate (CAGR) of 12.8%.
The historical growth of this market is credited to factors such as rising collision occurrences, stricter regulatory adherence, advancement in vehicle technology, elevated customer demands, and developments within the insurance industry.
What is the Forecasted Market Size and CAGR for the Auto Collision Estimating Software Market?
The auto collision estimating software market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of auto collision estimating software is anticipated to experience swift expansion in the coming years, rising to $3.91 billion by 2029, with a compound annual growth rate (CAGR) of 10.4%.
This growth during the forecast period can be credited to factors such as the implementation of artificial intelligence (AI), the proliferation of electric and self-driving vehicles, emphasis on green practices, the global growth of the automotive aftermarket, and a heightened focus on enhancing customer experience. The period is also expected to see major trends such as the further integration of AI and machine learning, the utilization of cloud-based solutions, the development of improved mobile solutions, the use of data analytics for performance improvement, and adherence to regulatory compliance and standardization.
What Key Factors and Trends Are Driving The Growth Auto Collision Estimating Software Market?
The auto collision estimating software market is predicted to experience growth, driven by the increasing number of road accidents. Road accidents, which represent occurrences on public roads or highways that involve vehicles, pedestrians, cyclists, or other road users leading to injury, loss, or destruction, necessitate the use of auto collision estimating software. This software aids in the process following road accidents by expediting repairs, simplifying claims, and enhancing overall efficiency. This is achieved by analyzing images, vehicle data, and damage specifics to formulate repair estimates in a swift and precise manner. Citing an instance to illustrate the point, in May 2023, the Government Digital Service, a government organization based in the UK, reported an 8.7% upsurge in the fatality rate on UK roads from 1,558 in 2021 to 1,695 in 2022. This increasing trend in road accidents underscores the escalating demand and growth of the auto collision estimating software market.
What Are The Market Segments In The Auto Collision Estimating Software Market?
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
Subsegments:
1) By Cloud-based Auto Collision Estimating Software: Subscription-Based Services, Pay-Per-Use Services
2) By On-Premise Auto Collision Estimating Software: One-Time Purchase Licenses, Annual Maintenance Contracts
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What New Trends Are Influencing The Auto Collision Estimating Software Market?
Leading entities in the auto collision estimating software market are focusing on fresh technological advances like repair package solutions to strengthen their market standing. These solutions are designed to provide a unified language and structure that foster the smooth interchange of information between auto collision estimating systems, insurance firms, and other significant stakeholders involved in the mending process. For example, SUNÂ Collision, an American firm that provides OEM collision and mechanical repair info, introduced an inventive repair package solution in October 2023. This innovation helps automate the arduous process of blueprinting, delivering detailed documentation for backing up estimates and insurance claims. It provides a significant advantage for service writers/estimators by letting them generate an error-free repair strategy within seconds, thus avoiding the need for hands-on data input.
Who Are the Key Players In The Auto Collision Estimating Software Market?
Major companies operating in the auto collision estimating software market report are:
• Intuit Inc.
• Snap-On Inc.
• ABRA Auto Body & Glass LP
• Solera Holdings Inc.
• CCC Intelligent Solutions Inc.
• Enlyte Group LLC
• AudaExplore
• Alldata LLC
• Shopmonkey Inc.
• Solera Inc.
• Auto Data Direct Inc.
• Comp-Est
• Bodyshop Solutions Ltd.
• Auto Data Solutions Inc.
• Web-Est
• R.O. Writer
• MobiTech International Inc.
• Nexsyis Collision
• Bodyshop Booster
• DamageiD
• Fastrack Autobody Ltd.
• Audatex
• Estify Inc.
• Repair Shopr
• SMART Estimator Ltd.
What Are The Regional Insights Into The Auto Collision Estimating Software Market?
North America was the largest region in the auto collision estimation software market in 2024. The regions covered in the auto collision estimating software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
