The report “Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle, Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, TPMS Tool, Battery Analyzer), Offering, Connectivity, and Region – Global Forecast to 2025″, The Automotive Diagnostic scan tools Market is estimated to be USD 41.0 billion in 2020 and is projected to reach a market size of USD 52.9 billion by 2025, growing at a CAGR of 5.2% during the forecast period.
The major factors behind the growth of the global automotive diagnostic scan tools market are the growing preference of consumers for high-end cars, rising stringent emission norms and an increase in the number of automotive workshops globally.
The battery analyzer segment is estimated to be the fastest-growing market in the automotive diagnostic scan tools market during the forecast period, by handheld scan tools
The battery analyzer segmentis expected to witness the fastest growth in the automotive diagnostic scan tools market. Battery analyzers have gained significant importance with the increase in vehicle electrification in automobiles. Periodic battery analysis is needed because batteries tend to have a shorter life than the components it powers. Also, the increasing demand for electric vehicles, which in turn pushing the growth of automotive batteries, is boosting the demand for battery analyzers in the market globally.
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The passenger car segment is estimated to be the largest growing market in the automotive diagnostic scan tools market during the forecast period, by vehicle type
The passenger car segment is expected to be the largest growing segment, by value, of the automotive diagnostic scan tools market during the forecast period. The increasing sales of passenger cars coupled with high demand for premium segment cars are majorly responsible for the fastest growth of the passenger car segment in the global market.
The Wi-Fi segment is estimated to be the largest growing market in the automotive diagnostic scan tools market during the forecast period, by connectivity type
Wi-Fi is one of the upcoming technologies in vehicle diagnostics. Wi-Fi provides a better operation range than USB and Bluetooth connectivity. Wi-Fi is used for DoIP (Diagnostics over Internet Protocol) and is expected to register significant growth over Bluetooth during the forecast period. Moreover, the presence of countries such as China, Japan, and South Korea, which are expected to adopt remote diagnostics with the help of DoIP, is further expected to drive market growth.
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Key Market Players:
The key players in the automotive diagnostic scan tools market are Bosch (Germany), Continental (Germany), Denso (Japan), Siemens (Germany), Delphi (UK), Snap-on (US), and KPIT (India)
Critical Questions:
- How will the trend of automotive diagnostic scan tools impact the overall EV market in the long term?
- What impact will remote diagnostic and predictive diagnostic have on the overall automotive diagnostic scan tools market?
- What impact will telematics have on automotive diagnostic scan tools market?
- What are the upcoming trends in the automotive diagnostic scan tools market? What impact would they make in the coming years?
- What are the key strategies adopted by the leading players in this market?
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