According to a new market report published by Lucintel, the future of the global automotive diagnostic scan tool market looks promising with opportunities in passenger car and commercial vehicle segments. The global automotive diagnostic scan tool market is expected to grow with a CAGR of 6% from 2021 to 2026. The major drivers for this market are rise in vehicle production and sales, increasing number of service stations and workshops, growing complexity in vehicle architecture, and electrification of vehicles.
To download report brochure, please go to www.lucintel.com/automotive-diagnostic-scan-tool-market.aspx and click "download brochure" tab from the menu.
In this market, diagnostic hardware, diagnostic software, and diagnostic services are used in automotive diagnostic scan tools. On the basis of comprehensive research, Lucintel forecasts that diagnostic software will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the growing demand for several vehicle alert systems on the dashboard or in-app notification related to vehicle health and increasing demand for passenger convenience, which are driving the demand for vehicle system testing software.
Within the global automotive diagnostic scan tool market, the passenger car segment is expected to witness the highest growth over the forecast period due to the increasing sales of passenger cars globally. Also, the growing stringency of mandates related to emissions and vehicle safety performance in several countries is inflating the demand for automotive diagnostic scan tools.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to the rising adoption of passenger vehicles and improving per capita income in countries, such as China, India, and Indonesia, and the growing concerns over degrading air quality and ambitious government plans, such as vehicle electrification and ban on diesel vehicles, to meet the air quality standards in the future.
Emerging trends, which have a direct impact on the dynamics of the industry, include rising adoption of EVs and hybrid vehicles, increasing electrification of vehicles, and increasing complexity of automotive electronic system. Snap-on Inc., ACTIA Group, ETIAS, Softing AG, DG Technologies, Crawford United Corporation, Fluke Corporation, Volkswagen AG, Robert Bosch GmbH, Continental AG, and Daimler AG are among the major suppliers of the automotive diagnostic scan tool market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive diagnostic scan tool market by product type, equipment type, connectivity, vehicle type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Diagnostic Scan Tool Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive diagnostic scan tool market by product type, equipment type, connectivity, vehicle type, and region, as follows:
By Product Type [Value ($ Million) from 2015 to 2026]:
Diagnostic Hardware
Diagnostic Software
Diagnostic Services
By Equipment Type [Value ($ Million) from 2015 to 2026]:
Exhaust Gas Analyzer
Wheel Alignment Equipment
Paint Scan Equipment
Dynamometer
Headlight Tester
Fuel Injection Diagnostic
Pressure Leak Detection
Engine Analyzer
By Connectivity [Value ($ Million) from 2015 to 2026]:
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.