Global Automotive Diagnostic Scan Tools Market was valued US$ 38.9 Bn in 2019 and is expected to reach US$ 57.4 Bn by 2027, at CAGR of 5.0% during forecast period.
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Importance of diagnostic scan tools in automobiles is increasing rapidly because of the move of consumer’s preference from manual to refined automated diagnostics systems. Automated diagnostic scan tools are being used for the purpose of identifying and analyzing the faults of electronic systems in vehicles.
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Major factors behind the growth of global automotive diagnostic scan tools market are growing complication in connected cars, rigorous emission standards being introduced by the governments, and rising demand from growing automotive workshops globally. Growth in number of service station, increasing awareness about sophisticated technology along with other macroeconomic features are projected to contribute in the growth of the automotive diagnostic tools market. On the other hand, increasing complexity of automotive electronic system architecture is projected to be the major challenge for the growth of the global automotive diagnostic scan tool market.
Also, in order to control the emissions from vehicles, governments of several countries have made inspection and maintenance checks compulsory for fossil fuel-based vehicles in polluted urban areas. In U.S., the Environmental Protection Agency (EPA) implements the Clean Air Act (modified in 2001), in which it is mandatory for 33 state and local regions to control and direct vehicle inspection and maintenance programs to address the increasing problem of vehicular emissions and meet the air quality standards by the use of on-board diagnostics (OBD) technology. So, strict government regulations continue to drive the growth of automotive diagnostic scan tools market.
Digital pressure tester segment is expected to hold the largest market share in automotive diagnostic scan tools market because of increasing demand from automotive repair shops in organized as well as unorganized markets. Also, rising demand for commercial vehicles is boosting the demand for digital pressure tester in market globally.
Geographically, Europe is expected to hold the largest market share in global automotive diagnostics scan tools market followed by North America, Asia Pacific and Rest of the World. Advanced automotive diagnostics scan tools are basically in demand in North America and Europe and most of the automobiles manufactured in the regions are having such systems. Although countries like India, China, Japan, UAE, Russia and Brazil are major automotive diagnostic scan tools market in the Asia Pacific and rest of the world, however the two regions are considered emerging markets.
Robert Bosch GmbH is leading the automotive diagnostic tools market, and having a very strong presence in Europe. However it can be attributed to its excellent products and wide & robust supply and distribution network in region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Automotive Diagnostic Scan Tools market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Automotive Diagnostic Scan Tools market.
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Global Automotive Diagnostic Scan Tools Market, by Offering Type:
• Diagnostic Equipment/Hardware
• Diagnostic Software
Global Automotive Diagnostic Scan Tools Market, by Workshop Equipment Type:
• Exhaust gas analyzer
• Wheel alignment equipment
• Paint scan equipment
• Headlight Tester
Global Automotive Diagnostic Scan Tools Market, by Vehicle Type:
• Passenger Car
• Commercial Vehicles
Global Automotive Diagnostic Scan Tools Market, by Handheld Scan Tools:
• Code readers
• TPMS tools
• Digital pressure tester
• Battery analyzer
Global Automotive Diagnostic Scan Tools Market, by Electric Vehicle:
Global Automotive Diagnostic Scan Tools Market, by Propulsion:
• ICE vehicles
Global Automotive Diagnostic Scan Tools Market, by Geography:
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating in Global Automotive Diagnostic Scan Tools Market Includes:
• Robert Bosch
• SPX Corp.
• Avl List GmbH
• Dg Technologies
• Softing AG
• Actia Group SA
• Etas GmbH
• General Technologies Corp
• Dsa Daten- Und Systemtechnik GmbH
• Hickok Inc.
• Kpit Technologies
• Fluke Corporation
• V Ready
• Crawford United Corporation
• Volkswagen AG
• Autel Intelligent Technology Corp Ltd.
• BMW AG
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