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    Automotive Diagnostic Scan Tools Market Growth Analysis

    Automotive Diagnostic Scan Tools Market Growth Analysis
    Report code - SRTI215 Delivery - 2 Weeks
    Automotive Diagnostic Scan Tools Market Size, Share, Trend, Forecast, & Industry Analy See more...

    Market Insights

    The Automotive Diagnostic Scan Tools Market was estimated at US$ 35.04 billion in 2022 and is expected to grow at a CAGR of 4.65% during 2023-2028 to reach US$ 46.3 billion in 2028.

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    What are Automotive Diagnostic Scan Tools?

    Automotive Diagnostic Scan Tools are electronic devices or software programs used to identify and troubleshoot issues within vehicles. They connect to a vehicle's onboard computer system, known as the engine control unit (ECU), and retrieve data related to various components and systems. These tools can read diagnostic trouble codes (DTCs), monitor sensor data, perform tests, and provide real-time information about the vehicle's performance. They assist mechanics and technicians in diagnosing problems accurately and efficiently, enabling them to make informed repair decisions. Automotive diagnostic scan tools are essential for modern vehicle maintenance, streamlining the diagnostic process and ensuring effective troubleshooting.

     Automotive Diagnostic Scan Tools Market Report Overview

    Market Size in 2028

    USD 46.3 Billion

    Market Size in 2022

    USD 35.04 Billion

    Market Growth (2023-2028)

    4.65%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Segments Covered

    By Offering Type (Diagnostic Hardware, Diagnostic Software, & Diagnostic Services)

    By Application Type (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance, Repair & Maintenance, Emission Control & Others)

    By Vehicle Type (Passenger Vehicles & Commercial Vehicles)

    By Tool Type (Professional Diagnostic, DIY Diagnostic, and OEM Diagnostic)

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World)

    Dominant Region

    Europe is expected to be dominant throughout the forecast period.

    Market Dynamics

    Over the years, there has been an exceptional surge in the production and sales of vehicles along with a steady increase in the number of automotive workshops, which has simultaneously bolstered the automotive diagnostic scan tools market, across the globe. Further, the growing adoption of electric, connected, and hybrid vehicles has increased the number of electronic sensors and software in vehicles, ushering the automotive industry into a sea change, right from hardware machines to software electronic devices. And consequently, the transformations brought in by these machines have increased the impending risks of malfunctions, owing to errors in programming codes that run the vehicle control modules, thus positively creating a robust impact on the demand for the market.

    Segments Analysis

    Automotive-Diagnostic-Scan-Tools-Market-Dominant-Segments

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    By Application Type

    Based on the application type, the market is segmented into automatic crash notification, vehicle tracking, vehicle health alert & roadside assistance, repair and maintenance, emission control, and others. Among these applications, it is estimated that the emission control sub-segment is likely to grow significantly at an exponential CAGR, during the forecast period, largely due to the declining air quality index (AQI), across the globe. Also, there are several stringent government norms focused on the control of vehicular emission control, which is boosting market growth.

    By Vehicle Type

    Based on the vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Between these applications, the commercial vehicle sub-segment is expected to gain the maximum traction in the market over the forecast period. The growth of the sub-segment can be attributed to the stringent emission control protocol as laid by governments to be followed by a large number of commercial vehicles (heavy and light), which ensures that vehicles necessarily meet the emission standards as set by the government.

    By Tool Type

    Based on the tool type, the market is segmented into professional diagnostic, DIY diagnostic, and OEM diagnostic. Among these tool types, the professional diagnostic tool is expected to be the dominant sub-segment of the market during the forecast period. Also, it is anticipated that the OEM diagnostic tool market sub-segment is likely to witness substantial growth, over the forecast period, due to the growing trend of forward integration among automobile manufacturers.

    Regional Analysis

    In terms of regions, Europe is expected to be dominant throughout the forecast period. The market growth in this region is majorly attributed to the presence of a large number of prominent automobile manufacturers and OEMs coupled with the rapid increase in the production and sale of vehicles. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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    Key Players

    Some of the key players in the automotive diagnostic scan tools market are-

    • ACTIA Group
    • Autel Intelligent Technology Corp., Ltd.
    • BorgWarner Inc.
    • Bosch Automotive Service Solutions Inc.
    • Continental AG
    • DENSO EUROPE
    • DG Technologies
    • Launch Tech UK
    • Snap-on Incorporated
    • Softing AG.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Automotive Diagnostic Scan Tools Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Market Segmentation

    • Current market segmentation by any one of the offering types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The Automotive Diagnostic Scan Tools Market was estimated at US$ 35.04 billion in 2022 and is expected to grow at a CAGR of 4.65% during 2023-2028 to reach US$ 46.3 billion in 2028.

    ACTIA Group, Autel Intelligent Technology Corp., Ltd., BorgWarner Inc., Bosch Automotive Service Solutions Inc., Continental AG, DENSO EUROPE, DG Technologies, Launch Tech UK, Snap-on Incorporated, and Softing AG are among the key players in the automotive diagnostic scan tools market.

    Europe is expected to remain dominant in the automotive diagnostic scan tools market during the forecast period.

    The professional diagnostic tool is expected to remain dominant in the automotive diagnostic scan tools market in the coming years.

    The commercial vehicle sub-section is expected to gain the maximum traction in the automotive diagnostic scan tools market in the next five years.

    The presence of a large number of prominent automobile manufacturers and OEMs coupled with the rapid increase in the production and sale of vehicles are the factors driving the growth of automotive diagnostic scan tools market in European region.

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