The automotive diagnostic scan tools market will develop at a 6% CAGR in the forecast period2022- 2030, according to the latest Market Research Future (MRFR) analysis.
Automotive diagnostic scan tools, simply put, are a combination of electronic
and software devices that are inter-connected with one another. These are used
for identifying faults in the electric systems of cars. Such tools are used for
checking and diagnosing vehicular programs.
Various factors are fuelling the global automotivediagnostic scan tools market growth. As per the recent MRFR market estimates,
such factors include the increasing sales of cars, growing significance of
after-sale services, increasing preference over traditional manual systems,
rising number of workshops and service stations, the trend to integrate
advanced features in the cars, growing complexity in connected cars, strict
emission norms introduced by the government, and growing security concerns
among end users. The additional factors adding market growth include the
increasing demand for sophisticated automotive diagnostics technology from
consumers and electrification of vehicles.
On the contrary, the impact of the COVID-19pandemic, lack of skilled manpower especially in under-developed and developing
countries and high cost of advanced technology equipment may limit the global
automotive diagnostic scan tools market growth over the forecast period.
Automotive Diagnostic Scan Tools MarketSegmentation
The MRFR report throws light on an inclusivesegmental analysis of the global automotive diagnostic scan tools market based
on propulsion, product type, vehicle type, and equipment type.
By equipment type, the automotive diagnostic scantools market is segmented into dynamometer and headlight tester, wheel
alignment, paint scanner, and exhaust gas analyser. Of these, the exhaust gas
analyser will lead the market over the forecast period.
By vehicle type, the automotive diagnostic scantools market is segmented into passenger vehicles, light commercial vehicles,
and heavy commercial vehicles. Of these, passenger vehicles will dominate the
market over the forecast period.
By product type, the automotive diagnostic scantools market is segmented into diagnostic software and diagnostic hardware. Of
these, the diagnostic software market will spearhead the market over the
forecast period.
By propulsion type, the automotive diagnostic scantools market is segmented into electric vehicles and ICEs. Of these, the ICEs
will have the lions share in the market over the forecast period.
Automotive Diagnostic Scan ToolsRegional Analysis
By region, the global automotive diagnostic scantools market covers the recent trends and growth opportunity across Europe, the
Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, the
APAC region will remain the forerunner in the market over the forecast period.
Increased awareness about vehicle safety, increasing urbanization, rapidly
growing automotive after-sale-service industry, increased production and sale
of automobiles, increasing sales of automobiles in Indonesia, Thailand, Japan,
India, and China, consumers’ increasing purchasing power, and increasing
initiatives to boost awareness about vehicle emissions are adding to the global
automotive diagnostic scan tools market growth in the region.
In North America, the global automotive diagnosticscan tools market is predicted to have healthy growth over the forecast period.
Growing demand for comfort and luxury vehicles, growing demand for automotive
workshops, and collaboration of domestic players with top vehicle manufacturers
are adding to the global automotive diagnostic scan tools market growth in the
region.
In Europe, the global automotive diagnostic scantools market is predicted to have a favorable growth over the forecast period.
Stringent government regulations regarding emission of old vehicles, the
presence of prominent OEMs and automakers, rising vehicle production and sales,
and the rising commitment by private companies and the government to promote
smart mobility solutions are adding to the global automotive diagnostic scan
tools market growth in the region.
In RoW, the automotivediagnostic scan tools market sizeis predicted to have sound growth over theforecast period.
Key Players
- Softing AG (Germany)
- Delphi Automotive PLC (Ireland)
- Denso Corporation (Japan)
- Continenetal AG (Germany)
- Robert Bosch GmBH (Germany)
- Actia SA (France)
- Kpit Technologies (India)
- AVL List GmBH (Austria)
- Hickok Incorporated (US)
- SnapOn Incorporated (US)
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