Automotive Diagnostic Scan Tools Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Automotive, Transportation and Logistics | Delivery Format: PDF | Status: Forthcoming | Report ID: ARC239
Automotive diagnostic scan tools are a synergy of electronic devices and software that is used as interface with diagnostic systems in automobiles. The significance of diagnostic scan tools in vehicles is growing rapidly owing to the shift in consumer preference towards advancement and sophisticated automatic diagnostics tools from manual system. Automatic diagnostic scan gears are used for the purpose of analyzing and detecting the failure of electronic systems in automobiles. Hence, this is very important for automobile users to repair the problems in automobiles. These tools also allow the up gradation and reprogramming of control elements in vehicles. With the advancing technology, there has been evolution in diagnostic scan equipment, just like any other automotive gears. Nowadays, diagnostic scan equipment are more sophisticated and highly efficient, which can examine complex programs while performing diagnostics in the automobile’s powertrain, chassis and body. These tools are mainly used in service locations for all types of vehicles ranging from light commercial vehicles to heavy commercial vehicles.
Latest cars come with well-equipped advanced analytical electronic components and computers. Mechanics and vehicle users are enormously benefited from such diagnostic scan equipment and tools as it makes their work easy in setting problems in vehicles. The growth of global automotive diagnostic scan tools market is primarily driven by factors such as increasing production of vehicles and their growing usage. Furthermore, rise in demand for advanced automotive diagnostics equipment, coupled with their growing application for diagnostics scan tools from customers is expected to boost the market growth. At the same time, rise in a number of service places and electrification of automobiles is anticipated to fuel the market growth.
The factors restricting the market are the complexities associated with the functioning of diagnostic scan tools and its high price which is not affordable to a number of consumers across the world.
The automotive diagnostic scan tools market is bifurcated on the basis of product types and geography. The product type segment of the global automotive diagnostic scan tools market is bifurcated into diagnostic scan software and diagnostic scan equipment. The diagnostic scan software is the major segment in the market which is anticipated to uphold the prime share during the forecast period. These tools are mainly used in service locations for all types of vehicles ranging from light commercial vehicles to heavy commercial vehicles.
In terms of geography, the global automotive diagnostic scan tools market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Europe is anticipated to hold the major market share in the global automotive diagnostics scan tools market trailed by North America. Technologically advanced automotive diagnostic scan tools are mostly in demand in Europe and North America and most automobile producers in the areas have such systems. Nations such as India, Japan, China, Russia, UAE and Brazil are the foremost automotive diagnostic scan tool markets in Asia-Pacific and Rest of the world.
Acquisitions and mergers are the main strategies adopted by key companies to increase their geographical presence and market share. Some of the chief industry players in the global automotive diagnostic scan tool markets are Snap-On Inc., Denso Corporation., SPX Corp., Actia Group SA, Softing AG, Dg Technologies, Avl List GmbH, General Technologies Corp, Hickok Inc., DSA Daten- Und Systemtechnik GmbH, and The ETAS Group among others.

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