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Press Release

The global automotive diagnostic scan tools market accounted for a value of USD 37.0 billion in 2019 and is projected to register growth at a CAGR of 4.9% during forecast period.

COVID-19 has impacted the automotive diagnostic scan tools market. This pandemic has negatively impacted automotive industry. All the production and assembly activities were halted due to lockdown in many countries. The supply of raw material and finished products was immensely affected due to travel restriction and border closers. The sales of vehicles are immensely hit by the corona virus outbreak. The automotive diagnostic scan tool will foresee growth post COVID-19

For more details, visit: Global Automotive Diagnostic Scan Tools Market By Offering (Diagnostic Hardware and Diagnostic Software), By Connectivity (USB, WiFi, Others), By Workshop Equipment, By vehicle Type, By Region, Forecast & Opportunities to 2026

The government is implementing stringent emission norms to control carbon emission in order to reduce air pollution. This increases adoption of advanced technology in the automotive sector. The sales of vehicles are increasing which increases the number of service stations and workshops. This drives growth in automotive diagnostic scan tools market during forecast period.

On the basis of vehicle type, the automotive diagnostic scan tools market is segmented into passenger car and commercial vehicle. The passenger car segment is estimated to hold largest market share during forecast period. The passenger car sales are increasing across the world which increases the demand for automotive diagnostic scan tools. The government is adopting stringency norms to control emission and stringency of regulations related to safety of vehicle is also increasing which increases demand for automotive diagnostic scan tool and drives growth in this segment during forecast period.

On the basis of offering, the automotive diagnostic scan tools market is segmented into diagnostic hardware/equipment and diagnostic software. The software segment is estimated to be fastest growing segment during forecast period. The investment in R&D department is increasing as the major OEMs are focusing of R&D to develop new and advanced software for automotive diagnostic scan tools. The electrification of vehicles is increases which increases demand for technologically advanced diagnostic tools. This drives growth in software segment during forecast period.

On the basis of workshop equipment, the automotive diagnostic scan tools market is segmented into exhaust gas analyzer, wheel alignment equipment, paint scan equipment, dynamometer, headlight tester, fuel injection diagnostic, pressure leak detection and engine analyzer. The exhaust gas analyzer segment is estimated to dominate the market during forecast period. The government is implementing stringent emission policies across various countries of the world. This increases adoption of exhaust gas analyzer and drives growth in this segment during forecast period.      

Asia-Pacific region is estimated to hold largest market share during forecast period. The production of automobiles is increasing which increases the number of automotive workshops in the market. The adoption and demand for automotive diagnostic scan tools is increasing rapidly in this region. The mass vehicle production is increasing in this region which is likely to drive growth in automotive diagnostic scan tools market during forecast period.

The key market players in automotive diagnostic scan tools industry are Robert Bosch, Continental AG, Delphi, Denso, Snap ON, Hickok, Actia, SGS, Softing, Horiba, AVL List, KPIT, Siemens, Autel, DSA DatenUnd Systemtechnik and DG Technologies.

FAQ

  • What are the expected industry trends over the next three to five years?
  • Which of the automotive diagnostic scan tools connectivity is likely to lead by 2025?
  • Which of the vehicle type segments is expected to have the maximum potential to during the forecast period?
  • Which region is going to have the highest smart meters market share by 2025?
  • What are different organic and inorganic strategies implemented by companies to gain increased market share?

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