Automotive Diagnostic Scan Tools Market Size, Share, Trends, Growth, Analysis, Research

  • According to the new market research report “Automotive Diagnostic Scan Tools Market by Product Type (Diagnostic Software and Diagnostic Hardware), by Equipment Type (Exhaust Gas Analyzer, Engine Code Readers, Dynamometer, Wheel Alignment Tester, Paint Scanner Equipment, Headlight Tester, Vehicle Emission Test System, and Others), by Propulsion (Internal Combustion Engine (ICE) and Electric Vehicles), by Vehicle Type (Passenger Cars, Light-Duty Vehicle, and Heavy-Duty Vehicle), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2019 to 2027)”, the automotive diagnostic scan tools market is estimated to reach around USD 57.1 Billion by 2027 at a CAGR of around 4.9% during the review period
  • The growing vehicle production is a key factor to boost the demand for the automotive diagnostic scan tools market
  • However, high cost of advanced diagnostic equipment remains a major restraining factor for the market growth
  • With growing environmental concerns, stringent regulations were imposed for lowering emission which has added compulsion for automotive manufacturers to have On-Board Diagnostics (OBD) technology, inspection, and maintenance check to be done in a vehicle
  • Change in economic status has shifted consumer’s preference to purchase high-end vehicles which include various in-vehicle electronic systems and these systems can breakdown due to any defects which have increased the demand for automotive diagnostic scan tools
  • Rising electrification of vehicles is anticipated to boost the automotive diagnostic scan tools market in the future
  • Maintaining a balance between performance and price of the diagnostic scan tool is likely to act as a challenge for market growth
  • Asia-Pacific
  • Europe
  • DENSO CORPORATION:
  • Snap-on Incorporated:

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DataBridge Market Research

DataBridge Market Research

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