Uploaded on May 5, 2020
Automotive Diagnostic Tool Market
Automotive Diagnostic Tool Market
Summary
Global Automotive Diagnostic Tool Market Information Report, By Product Type (Diagnostic Equipment
(Hardware), Diagnostic Software, Automotive Diagnostic Scan Tool Technology and Repair & Diagnostic
Data), By Equipment type (Wheel alignment tester, Digital battery tester, Vehicle emission test system
and Others), By Vehicle Type (Passenger Car, Commercial Vehicles) and By Region - Forecast To 2023
Automotive Diagnostic Tool Market Analysis
The complexity of the designs and intrusion of advanced electronics is taking over the simplicity and
manual operation systems in the vehicles. Along with this, the technological evolution has facilitated the
innovations in the diagnostic techniques for detection of faults or malfunctioning of the electronic
systems.
The global automotive diagnostic tool market is poised to register a notable growth at 5% CAGR over the
assessment period (2017-2023). Automotive diagnostics is the self-diagnostic and reporting capability of
a vehicle that provides access to the repair technician or vehicle owner about the status of the numerous
vehicle subsystems. It is basically a combination of electronic devices software and software that are being
utilized as an interface with diagnostic systems in an automotive.
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Key Players
Leading players profiled in the automotive diagnostic tool market include Kpit Technologies (India), AVL
List GmbH (Austria), Snap on Incorporated (U.S.), Actia SA (France), Hickok Incorporated (U.S.), Softing AG
(Germany), SPX Corp (U.S.), Denso Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH
(Germany) and others.
May 2019- asTech has finally announced the news of signing an agreement that will provide calibration
and vehicle diagnostic services to Fix Auto organization in the US. With the help of this partnership, the
Fix Auto USA franchise locations can use asTech as the approved vendor for offering insurance partners
and customers calibration services and vehicle electronics diagnostic services for both pre-repair as well
as post-repair conditions.
Market Segmentation
MRFR report offers a wide segmental analysis of the automotive diagnostic tool market on the basis of
product type, equipment type, and vehicle type.
Based on product type, the automotive diagnostic tool market is segmented into repair and diagnostic
data, automotive diagnostic scan tool technology, diagnostic software and diagnostic equipment
(hardware). Of these, the diagnostic software segment will have the largest share in the market over the
assessment period. This growth is driven by an array of factors such as increase in software updates that
is adopted via automotive service stations, use of various electronic components and increase in new
automobile production.
Based on equipment type, the automotive diagnostic tool market is segmented into vehicle emission test
system, digital battery tester, wheel alignment tester and others. Of these, the vehicle emission test
system segment is predicted to dominate the market over the assessment period. This is owing to increase
in the strict norms laid down by the government concerning vehicle emissions.
Based on vehicle type, the automotive diagnostic tool market is segmented into commercial vehicles and
passenger car. Of these, the passenger car segment will lead the market over the assessment period. This
is on account of increasing demand for premium passenger cars coupled with huge pool of customers for
passenger cars.
Regional Analysis
By region, the automotive diagnostic tool market covers growth opportunities and latest trends across
Rest of the World, Asia Pacific, Europe and North America. Of these, the APAC region will account for the
largest share in the market over the assessment period. This is owing to the increase in consumers
preference for automobiles along with advanced technology. The strict standards laid down by the
government that lay emphasis to control the level of emission from vehicles will also add to the growth
of the market in this region. The developing countries especially Japan, China and India are highly prone
to make the most of the easy to use and advanced diagnosis tools and equipment that again will propel
the market growth over the assessment period.
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market-5245
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