Cost Estimating and Quoting Software for Manufacturing Unlocking Growth Potential: Analysis and Forecasts 2025-2033

Key Insights

The global market for Cost Estimating and Quoting Software for Manufacturing is projected to expand rapidly, driven by increasing demand for accurate cost estimation and efficient quoting processes. The market is expected to witness a CAGR of XX% over the forecast period from 2023 to 2030, reaching a value of USD XXX million by 2030. The growing need to optimize manufacturing operations, increase profitability, and enhance customer relationships is fueling the adoption of these software solutions.

Cloud-based deployment is gaining traction due to its scalability, cost-effectiveness, and ease of access. Large enterprises dominate the market segment owing to their complex manufacturing processes and high volume of quotes. However, small and medium-sized enterprises (SMEs) are increasingly recognizing the benefits of adopting cost estimating and quoting software to streamline their operations and gain competitive advantage. The North American and Asia-Pacific regions are expected to be major growth drivers, with the manufacturing sector playing a significant role in these economies. Key players in the market include Jobscope, MTI Systems, SOLIDWORKS, ECi Software Solutions, and SMARTer Manager, among others.

Cost Estimating and Quoting Software for Manufacturing Trends

The global cost estimating and quoting software for manufacturing market is anticipated to reach USD 7.3 billion by 2025, growing at a CAGR of 10.4% during the forecast period. The increasing demand for accurate and efficient cost estimating and quoting solutions is a key factor driving the growth of the market. Other factors include the growing adoption of cloud-based solutions, the increasing complexity of manufacturing processes, and the need for improved collaboration between engineering and manufacturing teams.

Driving Forces: What's Propelling the Cost Estimating and Quoting Software for Manufacturing

The growing demand for accurate and efficient cost estimating and quoting solutions is being driven by a number of factors, including:

• The increasing complexity of manufacturing processes: The use of new materials and technologies in manufacturing has led to an increase in the complexity of processes. This has made it more difficult to estimate costs accurately using traditional methods.
• The need for improved collaboration between engineering and manufacturing teams: The increasing complexity of manufacturing processes has also led to a greater need for collaboration between engineering and manufacturing teams. Cost estimating and quoting software can help to improve communication and coordination between these teams, leading to more accurate and efficient quotes.
• The growing adoption of cloud-based solutions: Cloud-based cost estimating and quoting software is becoming increasingly popular as it offers a number of benefits, including scalability, flexibility, and cost-effectiveness.

Challenges and Restraints in Cost Estimating and Quoting Software for Manufacturing

The cost estimating and quoting software for manufacturing market faces a number of challenges and restraints, including:

• The high cost of implementation: The cost of implementing cost estimating and quoting software can be significant, especially for small and medium-sized businesses.
• The lack of skilled professionals: The implementation and use of cost estimating and quoting software requires specialized skills and knowledge. This can be a challenge for businesses that do not have in-house expertise.
• The lack of integration with other systems: Cost estimating and quoting software often does not integrate well with other business systems, such as ERP and CRM systems. This can lead to data inconsistencies and inefficiencies.

Key Region or Country & Segment to Dominate the Market

North America is the largest market for cost estimating and quoting software for manufacturing, followed by Europe and Asia-Pacific. The growth in the North American market is being driven by the increasing adoption of cloud-based solutions and the growing complexity of manufacturing processes. The European market is also growing rapidly, driven by the increasing demand for accurate and efficient cost estimating and quoting solutions. The Asia-Pacific market is expected to grow at the highest CAGR during the forecast period, driven by the growing manufacturing sector in the region.

In terms of segments, the cloud-based segment is expected to grow at the highest CAGR during the forecast period. This is due to the growing popularity of cloud-based solutions, which offer a number of benefits, including scalability, flexibility, and cost-effectiveness. The on-premises segment is also expected to grow, but at a slower pace than the cloud-based segment.

Growth Catalysts in Cost Estimating and Quoting Software for Manufacturing Industry

A number of factors are expected to drive the growth of the cost estimating and quoting software for manufacturing market in the coming years, including:

• The increasing demand for accurate and efficient cost estimating and quoting solutions
• The growing adoption of cloud-based solutions
• The increasing complexity of manufacturing processes
• The need for improved collaboration between engineering and manufacturing teams
• The growing manufacturing sector in developing countries

Leading Players in the Cost Estimating and Quoting Software for Manufacturing

The leading players in the cost estimating and quoting software for manufacturing market include:

• Jobscope
• MTI Systems
• SOLIDWORKS
• ECi Software Solutions
• SMARTer Manager
• QSTRAT
• DigiFabster
• PandaDoc
• PROS
• MRPEasy
• MicroEstimating
• KipwareQTE
• Aptean
• SecturaSOFT
• aPriori

Significant Developments in Cost Estimating and Quoting Software for Manufacturing Sector

A number of significant developments have taken place in the cost estimating and quoting software for manufacturing sector in recent years, including:

• The growing adoption of cloud-based solutions
• The development of new and innovative features
• The increasing integration with other business systems

These developments are expected to continue to drive the growth of the market in the coming years.

Comprehensive Coverage Cost Estimating and Quoting Software for Manufacturing Report

The comprehensive coverage cost estimating and quoting software for manufacturing report provides an in-depth analysis of the market. The report includes information on the market size, growth drivers, challenges, and restraints. The report also provides a competitive landscape of the leading players in the market.

Cost Estimating and Quoting Software for Manufacturing Segmentation

• 1. Type
  • 1.1. Cloud Based
  • 1.2. On-premises
• 2. Application
  • 2.1. SMEs
  • 2.2. Large Enterprises

Cost Estimating and Quoting Software for Manufacturing Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific