Auto Extended Warranty Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The auto parts inventory management software market size has grown rapidly in recent years. It will grow from $6.27 billion in 2024 to $7.21 billion in 2025 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to industry growth and complexity, globalization and supply chain challenges, e-commerce and digital transformation, regulatory compliance and traceability, customer expectations and service excellence.

The auto parts inventory management software market size is expected to see rapid growth in the next few years. It will grow to $11.67 billion in 2029 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to IoT and connectivity, integration with autonomous and electric vehicles, increasing number of auto parts retailers, growing complexity of auto parts, increasing online sales of auto parts. Major trends in the forecast period include predictive analytics and machine learning, IoT-driven inventory tracking, blockchain for supply chain transparency, cloud-based solutions for flexibility, integration with autonomous and electric vehicle technologies.

The expanding automotive industry is expected to propel the growth of the auto parts inventory management software market going forward. The automotive industry refers to a wide range of companies and organizations involved in the design, development, manufacturing, selling, and repairing of motor vehicles. Economic expansion in many countries increases consumer spending and demand for automobiles; therefore, distributors and retailers understand the value of using advanced inventory management solutions. Auto parts inventory management software helps businesses optimize stock levels, save costs, minimize stockouts, and improve operational efficiency. For instance, in May 2023, according to reports published by the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group of the automobile industry, in 2022, 85.4 million motor vehicles were produced globally, a 5.7% increase from 2021. Therefore, the expanding automotive industry is driving the growth of the auto parts inventory management software market.

Major companies operating in auto parts inventory management software are adopting a strategic partnership approach to offer complete auto parts inventory solutions to the auto industry. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in September 2023, DataScan, Inc., a US-based RFID inventory counting solution, partnered with AccuParts International, a US-based provider of industrial and transportation parts. The partnership will bring unparalleled experience and expertise in auto parts inventory management to the table, benefiting dealerships and distributors looking to streamline their inventory processes and increase operational efficiencies. With integrating DataScan's RFID inventory counting technology with AccuParts, the joint venture claims to give useful data insights and recommendations to assist in increasing profitability and efficiency in the automotive industry. With integrating DataScan's RFID inventory counting technology with AccuParts, the joint venture claims to give useful data insights and recommendations to assist in increasing profitability and efficiency in the automotive industry.

In April 2022, 3M Company, a US-based multinational conglomerate company, acquired LeanTec for an undisclosed amount. The acquisition supports 3M's commitment to its "connected bodyshop" initiative, which focuses on delivering digital inventory management solutions for the automotive aftermarket. LeanTec is a US-based developer of inventory management software, including auto industry software.

Major companies operating in the auto parts inventory management software market are SAP SE, Infor Inc., Epicor Software Corporation, Hubworks LLC, Windward Software, Carrus Technologies Inc, Wasp Barcode Technologies, Motility Software Solutions LLC, Fuse5 Automotive Software, ADS Solutions Corp, Fishbowl, System Nexgen, Acumatica Inc., Rarestep Inc, Alterity Inc, AutoPower Corporation, Finale Inventory, FleetSoft LLC, Amador of America Inc, Eagle Business Accounting Software, MAM Software Group Inc, Sortly Inc, RazorERP, Checkmate by Car-Part.

North America was the largest region in the auto parts inventory management software market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the auto parts inventory management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the auto parts inventory management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The auto parts inventory management software market includes revenues earned by entities by providing services such as inventory tracking, order management, stock level monitoring, supplier management, reporting and analytics, and return management. The market value includes the value of related goods sold by the service provider or included within the service offering. The auto parts inventory management software market also consists of sales of barcode scanning tools, POS integration modules, audit trail modules, and mobile accessibility tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Auto parts inventory management software refers to a specialized type of software designed to help automotive businesses effectively manage and control their inventory of auto parts and components. This software provides a comprehensive solution for tracking, organizing, and optimizing the various aspects of an auto parts inventory.

The main types of auto parts inventory management software are insecticides, hardware, and software. Hardware types refer to specific devices or physical components associated with managing inventory in the automotive industry. It used in various applications, such as auto-reconditioning businesses, vehicle dealerships, fleet management, tire distributors, car rental companies, and e-commerce platforms, and end users are automotive manufacturers, automotive aftermarket, and original equipment manufacturers (OEMs).

The main types of auto parts inventory management software are insecticides, hardware, and software. Hardware types refer to specific devices or physical components associated with managing inventory in the automotive industry. It used in various applications, such as auto-reconditioning businesses, vehicle dealerships, fleet management, tire distributors, car rental companies, and e-commerce platforms, and end users are automotive manufacturers, automotive aftermarket, and original equipment manufacturers (OEMs).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.