PUBLISHER: Market Research Future | PRODUCT CODE: 1642429
PUBLISHER: Market Research Future | PRODUCT CODE: 1642429
Global Dealer Management System for Heavy Equipment Market Research Report By Functionality (Sales Management, Inventory Management, Service Management, Financial Management, Reporting and Analytics, Customer Relationship Management (CRM), Dealer Tracking, and Others}, By deployment model (clouds and on-premises), By industry deployment model (Construction Equipment, Mining Equipment, Demolition Equipment, Paving Equipment, Material Handling Equipment, Tire Manufacturing, Tire Sales and Service, and Others) and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) Forecast Till 2032
During the forecast period (2024-2032), the Dealer Management System for Heavy Equipment Market industry is expected to experience a compound annual growth rate (CAGR) of 5.4%, increasing from USD 2,297.9 million in 2024 to USD 3,506.2 million by 2032.
The Heavy Equipment Market Dealer Management System is undergoing substantial growth, which is being fueled by a variety of prominent factors. The increasing demand for equipment tracking and maintenance, the increasing rate of adoption of IoT and telematics, and the demand for the development and updating of cloud-based solutions. These factors demonstrate the urgent necessity for contemporary, more adaptable DMS solutions that are appropriate for the complex operations of modern heavy equipment.
The global dealer management system (DMS) market for heavy equipment is experiencing significant growth due to the increasing level of innovation in AI and data management systems. These technologies are progressively being integrated into contemporary DMS platforms to modify the manner in which heavy equipment dealers operate and make decisions. The business operations are enhanced by the accurate prediction of inventories, management, and maintenance scheduling that is achieved through the implementation of an artificial intelligence deployment model within the organization.
Market segment insights
The Dealer Management System for the Heavy Equipment Market has been categorized into the following functional categories: Sales Management, Inventory Management, Service Management, Financial Management, Reporting and Analytics, Customer Relationship Management (CRM), Dealer Tracking, and Others.
The market is divided into two categories: on-premises and cloud, as determined by the deployment model. The market is segmented into the following categories: Construction Equipment, Mining Equipment, Demolition Equipment, Paving Equipment, Material Handling Equipment, Tire Manufacturing, Tire Sales and Service, and Others.
Regional Perspectives
The Dealer Management System for Heavy Equipment market has a larger market share in North America as a result of the high demand for these products in the auto industry, particularly in the United States and Canada. The rapidly expanding construction industry in North America is a contributing factor to the heightened demand for Dealer Management Systems (DMS) for heavy equipment.
The demand for Dealer Management Systems (DMS) for heavy equipment in Europe is on the rise, particularly in the mining and quarrying industries, which have experienced accelerated growth. In 2021, the mining and quarrying industry of the European Union generated € 101, which is equivalent to billion euros. 9 billion in net turnover, which represents a 40% increase from the previous year's performance.
The Asia Pacific market is a result of the expansion of the mining and construction industries, which has resulted in a rise in the demand for dealer management systems (DMS) for heavy equipment in the region.
SAP, Annata, XAPT Corporation, CDK Global Inc, Reynolds and Reynolds, PBS Systems, Quorum Information Technologies Inc., DealerSocket, Autosoft Inc, Damco Solutions, Motility Software Solutions, VitalEdge Technologies, Infor, FIT Global, Hitachi Solutions, Avanade, Irium Software, and other players are among the key companies in the Dealer Management System for Heavy Equipment Market.