MarketersMEDIA / Newsroom / Automotive Diagnostic Scan Tools Market Size 2019-2025, By Tool & Vehicle Type, Offering, Application, Region, Global Company Shares | Statistics Report

Automotive Diagnostic Scan Tools Market Size 2019-2025, By Tool & Vehicle Type, Offering, Application, Region, Global Company Shares | Statistics Report

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Some of the prominent automotive diagnostic scan tools market players are BMW, Bosch Automotive, Continental, Daimler, Delphi, Denso, Honda Motor, KPIT Technologies, Volkswagen, and Volvo.

— The global automotive diagnostic scan tools market is rapidly becoming an extremely lucrative investment avenue of the automotive industry fueled by a number of technological advancements. Environmental concerns and the digital transformation of the automobile sector are also being hailed as important factors that have helped expedite the prominence of automotive diagnostic tools industry.

The passenger vehicles in the automotive diagnostic scan tools market will grow at a CAGR of over 5% during the forecast timeline. The growth is attributed to the rise in disposable income in developing countries including Brazil, India, and Argentina. Additionally, the rapidly increasing urbanization, growing population, and the changing customer needs are proliferating the development of the existing transport infrastructure, leading to an increased sales of passenger vehicles.

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The emission control segment in automotive diagnostic scan tools market is anticipated to exhibit a lucrative growth at a CAGR of over 9% between 2019 and 2025. The growing global environmental concerns and stringent government regulations related to environmental safety require OEMs to build fuel-efficient engines with low-carbon emissions. Therefore, automotive manufacturers are deploying engine management systems to control fuel injection, fuel supply, ignition, and air management to improve fuel efficiency and emissions, encouraging the use of On-Board Diagnostics (OBD) in vehicles for tracking and controlling emissions.

In the automotive diagnostic scan tools market application segment, the repair & maintenance is estimated to hold more than 37% market share in 2018 and is anticipated to reach over USD 16 billion by 2025. The increasing sales of new vehicles and the growing number of old vehicles are resulting in the rise in the number of service stations and workshops. The growing demand among enterprises to outsource diagnostic scan tools services and concentrate on the core business operations is propelling the demand for third-party repair & maintenance service providers. Intense competition among the market players and the growing need to provide enhanced customer experience are also encouraging repair & maintenance service providers to offer a wide range of professional services to gain customer loyalty.

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The Asia Pacific automotive diagnostic scan tools market is expected to register the highest growth, growing at a CAGR of around 8% between 2019 and 2025. This growth can be attributed to the presence of emerging countries, leading manufacturers, and significantly large consumption markets in the region. In addition, the infrastructural development and growing industrialization in the emerging economies are creating opportunities for automotive OEMs as well as professional automotive diagnostic solution providers.

Europe is anticipated to be the prominent region in the automotive diagnostic scan tools market with the market share of over 34% in 2018 and is estimated to attain more than USD 15 billion market size by 2025. The stringent government regulations related to vehicle emissions are driving the growth of the market in this region. In addition, the presence of prominent market players, such as Volkswagen, Renault, Audi AG, and Porsche, in these regions is also contributing to the growth. The increasing demand for passenger vehicles due to the increase in income has attracted other key automakers to manufacture their automobiles in this region.

Browse key industry insights spread across 320 pages with 510 market data tables & 30 figures & charts from the report, “Automotive Diagnostic Scan Tools Market Size By Offering (Diagnostic Hardware {Scanner, Code Reader, Tester, Analyzer}, Diagnostic Software {ECU Diagnosis Software, Vehicle Tracking and Emissions Analysis Software, Vehicle System Testing Software}, Diagnostic Services {Vehicle Maintenance and Repair, Custom, Training, Support, and Integration}), By Application (Automatic Crash Notification, Vehicle Tracking and Emission Analysis Software, Vehicle Health Alert & Roadside Assistance, Repair and Maintenance, Emission control), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Tool Type (Professional Diagnostic, DIY Diagnostic, OEMs Diagnostic), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-diagnostic-scan-tools-market

Table of Contents (ToC) of the report:
Chapter 4. Automotive Diagnostic Scan Tools Market - Competitive Landscape
4.1. Introduction
4.2. Competitive analysis of key market players
4.2.1. Bosch Automotive Service Solutions Inc.
4.2.2. Continental AG
4.2.3. Daimler AG
4.2.4. Delphi Automotive PLC
4.2.5. Volvo Group
4.3. Competitive analysis of innovation leaders
4.3.1. AVL List GmbH
4.3.2. BMW AG
4.3.3. KPIT Technologies
4.3.4. Softing AG
4.3.5. Volkswagen AG
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/automotive-diagnostic-scan-tools-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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