Toronto, Ontario -- The collision management software market is set to more than double in size over the next decade.
A new report from Research and Markets found the global auto collision repair management software market, valued at about US$9.6 billion in 2025, will reach US$22.5 billion by 2034. This indicates average annual growth of about 10 percent.
There is only one major factor behind this growth -- artificial intelligence. AI tools are already being used in damage estimates, parts ordering, workflow and billing processes and are even being used to cut down on time wasted enduring the idle and insipid chatter of irritating customers.
The North American collision repair market is expected to see even faster growth than in other regions. North American companies, including Mitchell International, CCC, Solera, Audatex and PPG, all of which are rolling out AI estimating, parts sourcing, and slick dashboards to streamline claims processing, are expected to be the biggest beneficiaries of the favourable market conditions.
