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How are market drivers shaping the future growth trajectory of the auto collision estimating software industry?
The increase in road accidents is expected to propel the growth of the auto collision estimating software market going forward. Road accidents, or traffic accidents, refer to incidents involving vehicles, pedestrians, cyclists, or other road users on public roads or highways that result in damage, injury, or loss of life. Auto collision estimating software is used in the aftermath of road accidents, streamlining repairs, claims, and overall efficiency by analyzing photos, vehicle information, and damage details to generate repair estimates quickly and accurately. For instance, in May 2023, according to the Government Digital Service, a UK-based government body, the number of fatalities on UK roads increased by 8.7% from 1,558 in 2021 to 1,695 in 2022. Therefore, the increase in road accidents is driving the growth of the auto collision estimating software market.
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What is the estimated market size of the auto collision estimating software sector by 2029, based on current forecasts?
The auto collision estimating software market size has grown rapidly in recent years. It will grow from $2.33 billion in 2024 to $2.63 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to increased collision rates, stringent regulatory compliance, growing complexity in vehicle technology, rising consumer expectations, insurance industry evolution.
The auto collision estimating software market size is expected to see rapid growth in the next few years. It will grow to $3.91 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to integration of artificial intelligence (AI), rise in electric and autonomous vehicles, focus on environmental sustainability, global expansion of automotive aftermarket, increased emphasis on customer experience. Major trends in the forecast period include integration of AI and machine learning, cloud-based solutions, enhanced mobile solutions, data analytics for performance optimization, regulatory compliance and standardization.
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Who are the top 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 major trends in the auto collision estimating software market?
Major companies operating in the auto collision estimating software market are concentrating on new innovations such as repair package solutions to reinforce their position in the market. These solutions provide a common language and framework that facilitate the seamless exchange of data between auto collision estimating systems, insurance companies and various other key stakeholders involved in the repair process. For instance, in October 2023, SUNÂ Collision, a US-based company that delivers OEM collision and mechanical repair information, launched revolutionary repair package solution that helps to automate the laborious blueprinting process, providing comprehensive documentation to support estimates and insurance claims. It represents a huge time-saver for service writers/estimators, allowing them to produce a fool-proof repair plan in seconds, eliminating the need for manual data entry.
Which geography holds the highest auto collision estimating software market share?
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.
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How do different segments contribute to the overall expansion of 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 defines the structure and scope of the auto collision estimating software market?
Auto collision estimating software is a specialized computer program used by professionals in the automotive repair industry to estimate the cost of repairs for vehicles involved in collisions or accidents. The software solutions typically incorporate databases of parts, labor costs, and repair procedures, allowing estimators to input details about the damage to a vehicle and generate accurate repair estimates quickly.
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