Dublin, Feb. 14, 2019 (GLOBE NEWSWIRE) -- The "Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle (Passenger & Commercial), Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, Battery Analyzer), Offering, EV Type, Propulsion and Region Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
Increasing number of automotive service stations and stringent emission norms will likely drive the automotive diagnostic scan tools market
The automotive diagnostic scan tools market is estimated to be USD 37.42 billion in 2018 and is projected to grow at a CAGR of 5.02% during the forecast period, to reach a market size of USD 52.73 billion by 2025.
Increase in the number of automotive workshops in organized as well as unorganized market has resulted in the increased demand for tools and equipment that provide quick and accurate diagnosis of a vehicle's problems.
The automotive diagnostic scan tools market is anticipated to see a substantial growth in countries such as China, India, and Mexico, owing to the introduction of stringent emission regulations and the growing number of automotive workshops. This has encouraged the manufacturers to develop different diagnostic scan tools per the requirements of the end users. The diagnostic equipment/hardware segment is estimated to dominate the automotive diagnostic scan tools market, in terms of value, followed by diagnostic software. However, high cost of diagnostic equipment and deficiency of skilled labors are inhibiting the growth of the automotive diagnostic scan tools market.
"The Electric Vehicle segment is the fastest growing segment of the automotive diagnostic scan tools market"
The EV segment is estimated to be the fastest growing segment, by value, of the automotive diagnostic scan tools market during the forecast period. The growing environmental concerns, rising fossil fuel prices, and stringent government regulations for emission have accelerated the growth of the EV market. The market players such as Tesla (US), Waymo (US), BMW (Germany), Volvo (Sweden), GM (US), Toyota (Japan), and Renault-Nissan Corporation (Netherlands) have already introduced various EVs in the market. In addition, these manufacturers are consistently improving their technology with a strong focus on R&D.
"The Diagnostic Equipment/Hardware segment is estimated to be the largest segment of the automotive diagnostic scan tools market, in terms of value"
The diagnostic equipment/hardware segment is estimated to be the largest segment, by value, of the automotive diagnostic scan tools market from 2018 to 2025. The growth of this segment can be attributed to the rise in the trend of integrating advanced features in vehicles and consumer preference for high-end cars. However, the diagnostic software segment is projected to grow at the fastest rate during the forecast period. This growth is attributed to software subscription required to update the software after the completion of one year.
"Asia Pacific is estimated to be the fastest growing region in the automotive diagnostic scan tools market"
Asia Pacific region is estimated to grow at the highest CAGR, by value, over the projected period from 2018 to 2025. Growing number of independent aftermarket repair shops, increasing complexity in vehicle electronics, and stringent emission norms are the factors fostering the growth of the global automotive diagnostic scan tools market.
Major players profiled in the report are as follows:
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Automotive Diagnostic Scan Tools Market
4.2 Market Share of the Automotive Diagnostic Scan Tools Market, By Country
4.3 Automotive Diagnostic Scan Tools Market, By Offering Type
4.4 Automotive Diagnostic Scan Tools Market, By Propulsion
4.5 Automotive Diagnostic Scan Tools Market, By Ev Type
4.6 Automotive Diagnostic Scan Tools Market, By Vehicle Type
4.7 Automotive Diagnostic Scan Tools Market, By Workshop Equipment
4.8 Automotive Diagnostic Scan Tools Market, By Handheld Scan Tools
4.9 Automotive Diagnostic Scan Tools Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Number of Automotive Workshops
5.2.1.2 Increase in Vehicle Sales
5.2.1.3 Rise in Stringent Emissions Norms to Prevent Environmental Impact
5.2.1.4 Consumer Preference for High-End Cars Gaining Pace Over the Years
5.2.2 Restraints
5.2.2.1 Deficiency of Skilled Workforce to Accustom the Advanced Technology
5.2.2.2 High Cost of Advanced Technology Equipment
5.2.3 Opportunities
5.2.3.1 Growing Demand for Onboard Diagnostic Tools
5.2.3.2 Collaboration of OEMs With Obd Suppliers
5.2.4 Challenges
5.2.4.1 Maintaining A Balance Between High Cost & Performance of Smart Diagnostic Scan Tools
6 Technological Overview
6.1 Introduction
6.2 Obd for Electric Vehicles
6.3 Obd-I vs Obd-Ii
6.3.1 Misfire Monitoring
6.3.2 Catalyst Monitoring
6.3.3 Egr Monitoring
6.3.4 Evaporative Purge System Monitoring
6.3.5 Mil Illumination
6.3.6 Secondary Air System Monitoring
6.3.7 Stored Engine Freeze Frame Data
6.3.8 DTC & Service Information Standardization
6.3.9 Fuel System Monitor
6.3.10 Oxygen Sensor Monitor
6.3.11 Comprehensive Component Monitor
7 Automotive Diagnostic Scan Tools Market, By Offering Type
7.1 Introduction
7.2 Diagnostic Equipment/Hardware
7.3 Diagnostic Software
8 Automotive Diagnostic Scan Tools Market, By Handheld Scan Tools
8.1 Introduction
8.2 Scanners
8.3 Code Reader
8.4 Digital Pressure Tester
8.5 Tpms Tools
8.6 Battery Analyzer
9 Automotive Diagnostic Scan Tools Market, By Workshop Equipment Type
9.1 Introduction
9.2 Exhaust Gas Analyzer
9.3 Paint Scan Equipment
9.4 Wheel Alignment Equipment
9.5 Dynamometer
9.6 Headlight Tester
10 Automotive Diagnostic Scan Tools Market, By Vehicle Type
10.1 Introduction
10.2 Passenger Cars
10.3 Commercial Vehicles (CV)
11 Automotive Diagnostic Scan Tools Market, By Electric Vehicle
11.1 Introduction
11.2 Battery Electric Vehicle (BEV)
11.3 Hybrid Electric Vehicle (HEV)
11.4 Plug-In Hybrid Electric Vehicle (PHEV)
11.5 Fuel Cell Electric Vehicle (FCEV)
12 Automotive Diagnostic Scan Tools Market, By Propulsion
12.1 Introduction
12.2 Ice Vehicle
12.3 Electric Vehicle
13 Automotive Diagnostic Scan Tools Market, By Region
13.1 Introduction
13.2 Asia Pacific
13.2.1 China
13.2.2 India
13.2.3 Japan
13.2.4 South Korea
13.2.5 Thailand
13.2.6 Rest of Asia Pacific
13.3 Europe
13.3.1 Germany
13.3.2 France
13.3.3 UK
13.3.4 Spain
13.3.5 Russia
13.3.6 Turkey
13.3.7 Rest of Europe
13.4 North America
13.4.1 Canada
13.4.2 Mexico
13.4.3 US
13.5 Rest of the World
13.5.1 Brazil
13.5.2 Iran
14 Competitive Landscape
14.1 Market Ranking Analysis
14.2 Competitive Situation & Trends
14.2.1 New Product Developments
14.2.2 Mergers & Acquisitions
14.2.3 Partnerships/Supply Contracts/Collaborations/Joint Ventures
14.2.4 Expansions
15 Company Profiles
15.1 Bosch
15.2 Continental
15.3 Denso
15.4 Delphi
15.5 Snap-On
15.6 Actia
15.7 Softing
15.8 Hickok
15.9 SGS
15.10 Horiba
15.11 Siemens
15.12 Kpit
15.13 Other Key Regional Companies
15.13.1 Asia Pacific
15.13.1.1 Ampro Testing Machines
15.13.1.2 MBL Impex
15.13.1.3 Autel
15.13.2 Europe
15.13.2.1 AVL
15.13.2.2 Vector Informatik
15.13.2.3 DSA Daten- Und Systemtechnik
15.13.2.4 Vogelsang & Benning
15.13.2.5 Dspace
15.13.3 North America
15.13.3.1 DG Technologies
15.13.3.2 Fluke Corporation
15.13.3.3 Noregon
15.13.3.4 Hunter
15.13.3.5 Alldata
For more information about this report visit https://www.researchandmarkets.com/research/jt4bpn/automotive?w=12
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