Auto Repair Software Market
Auto Repair Software Market Global Industry Assessment & Forecast
Segments Covered
- By Product On-premises, Cloud-Based
- By Application Residential, Commercial, Other
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 18.5 Billion |
Revenue 2028: | 54.65 Billion |
Revenue CAGR (2021 - 2028): | 14.5 |
Fastest Growing Region (2022 - 2028) | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Key Insights
The global Auto Repair Software market was valued at USD 18.5 Billion in 2020 and is projected to reach USD 54.65 Billion by 2028, growing at a CAGR of 14.5% from 2021 to 2028.
Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2028 |
Annual Market Size (2028) | 54.65 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 14.5% |
Overview and Description
Automotive software is a collected programmable data instruction used for performing operations of computer-based in-vehicle applications.
This report provides an analysis of the Auto Repair Software market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Auto Repair Software market. This data is likely to help the industry stakeholders and stimulate the decision-making process.
COVID-19 Impact Analysis
The COVID-19 outbreak has affected various industries worldwide. The Auto Repair Software market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long-term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Industry Analysis
The adoption of ADAS features in vehicles has mandated the need for effective repair solutions, thereby giving demand to the market.
Increasing adoption of connected car services is needed to provide huge growth possibilities in the market.
Lack of connected infrastructure is mainly restraining the market growth.
Global Auto Repair Software Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Product, Application |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Real-Time Labor Guide, NAPA Auto Parts, Scott Systems, SHANROHI TECHNOLOGIES, Marketing 360, Mitchell 1, Alldata, CarVue, EZnet Scheduler, InterTAD, HITS, CCC Information Services, Garage Partner, AutoTraker, Henning Industrial Software, Bolt On Technology, GEM-CAR, Identifix, Shop Boss Pro, InvoMax Software. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
The report delivers an acute breakdown of the market based on various segments such as Product, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.
On the basis of Product, the market is divided into On-premises, Cloud-Based. On-premises dominated the global Auto Repair Software market in 2020 and is projected to witness the same trend during the forecast period.
Based on Application, the market is segmented into Residential, Commercial, Other,. Industrial accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Auto Repair Software Market: Product Segment Analysis
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- On-premises
- Cloud-Based
Global Auto Repair Software Market: Application Segment Analysis
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- Residential
- Commercial
- Other
Regional Analysis: Preview
Based on the geography, the global Auto Repair Software market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.
The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2016–2028.
Market Size, 2021 (USD Billion)
Global Auto Repair Software Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The global Auto Repair Software market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Auto Repair Software market are Real-Time Labor Guide, NAPA Auto Parts, Scott Systems, SHANROHI TECHNOLOGIES, Marketing 360, Mitchell 1, Alldata, CarVue, EZnet Scheduler, InterTAD, HITS, CCC Information Services, Garage Partner, AutoTraker, Henning Industrial Software, Bolt On Technology, GEM-CAR, Identifix, Shop Boss Pro, InvoMax Software.. This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players.
Global Auto Repair Software Market: Key Highlights
- The global Auto Repair Software market was valued at USD 18.5 Billion in 2020
- The global Auto Repair Software Market is projected to reach USD 54.65 Billion by 2028
- North America held the highest share of the Auto Repair Software market in 2020
- Some of the major companies operating in the Auto Repair Software market are Real-Time Labor Guide, NAPA Auto Parts, Scott Systems, SHANROHI TECHNOLOGIES, Marketing 360, Mitchell 1, Alldata, CarVue, EZnet Scheduler, InterTAD, HITS, CCC Information Services, Garage Partner, AutoTraker, Henning Industrial Software, Bolt On Technology, GEM-CAR, Identifix, Shop Boss Pro, InvoMax Software.
FAQ
Frequently Asked Question
What is the global demand for Auto Repair Software in terms of revenue?
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The global Auto Repair Software valued at 18.5 Billion in 2020 and is expected to reach 54.65 Billion in 2028 growing at a CAGR of 14.5%.
Which are the prominent players in the market?
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The prominent players in the market are Real-Time Labor Guide, NAPA Auto Parts, Scott Systems, SHANROHI TECHNOLOGIES, Marketing 360, Mitchell 1, Alldata, CarVue, EZnet Scheduler, InterTAD, HITS, CCC Information Services, Garage Partner, AutoTraker, Henning Industrial Software, Bolt On Technology, GEM-CAR, Identifix, Shop Boss Pro, InvoMax Software..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 14.5% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Auto Repair Software include
- The adoption of ADAS features in vehicles has mandated the need for effective repair solutions, thereby giving demand to the market.
- Increasing adoption of connected car services is needed to provide huge growth possibilities in the market.
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Auto Repair Software in 2020.