Automotive Diagnostic Scan Tools Market to grow at over 5% CAGR To 2025 - PowerPoint PPT Presentation

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Automotive Diagnostic Scan Tools Market to grow at over 5% CAGR To 2025

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Title: Automotive Diagnostic Scan Tools Market to grow at over 5% CAGR To 2025


1
Asia Pacific Automotive Diagnostic Scan Tools
Market to grow at over 8 CAGR To 2025
2
Key Insights from Automotive Diagnostic Scan
Tools Market
  • Automotive Diagnostic Scan Tools Market for
    emission control is anticipated to exhibit a
    lucrative growth at a CAGR of over 9 between
    2019 and 2025. The growing global environmental
    concerns and stringent government regulations
    related to environmental safety require OEMs to
    build fuel-efficient engines with low-carbon
    emissions.
  • The diagnostic software market is projected to
    register an accelerated growth during the
    forecast timeline, growing at a CAGR of around
    8. The growth is attributed to the increased
    integration of in-vehicle software across the
    automotive industry. In addition, the presence of
    technology giants, such as Bosch, Continental,
    Denso, and Snap on Incorporated, enhances the
    growth opportunity of the diagnostic software
    segment as these companies have expertise in
    providing professional automotive diagnostic
    software solutions that can help repair shops to
    diagnose efficiently, safely, and quickly.
  • The commercial vehicles segment shows a promising
    growth rate in the automotive diagnostic scan
    tools market during the forecast period. This
    segment is being influenced by the increasing
    number of commercial vehicles across the world.

3
Continued
The DIY diagnostic segment shows the highest
growth rate during the forecast period. These
diagnostic tools allow users to work
independently by connecting vehicles diagnostics
port to a smart device via Bluetooth. The users
are expected to experience the desired comfort
and flexibility with DIY diagnostic tools. The
increasing population of in-vehicle electronic
components is increasing the demand for
professional diagnostic services frequently to
maintain vehicles, helping the growth of the
automotive diagnostic scan tools market. The
automotive diagnostic scan tools market growth is
attributed to the increasing sales of passenger
vehicles, transforming vehicles from
hardware-driven machines to software-controlled
electronic devices, electrification of vehicles,
and an increasing number of service stations.
4

Latest Research Report On Automotive Diagnostic
Scan Tools Market _at_ https//www.gminsights.com/ind
ustry-analysis/automotive-diagnostic-scan-tools-ma
rket Request for a sample of this research
report _at_ https//www.gminsights.com/request-sample
/detail/3262
5
Argentina Automotive Diagnostic Scan Tools
Industry Revenue, By Vehicle Type, 2018 2025
(USD Million)

6
Major Companies in Automotive Diagnostic Scan
Tools Market
  • Actia Group SA
  • Autel Intelligent Technology Corp., Ltd.
  • AVL List GmbH
  • BMW AG
  • Bosch Automotive Service Solutions Inc.,
  • Continental AG
  • Daimler AG
  • Delphi Automotive PLC
  • Denso Corporation

7
Industry Coverage

8
Regional Insights in Automotive Diagnostic Scan
Tools Market
  • The Asia Pacific automotive diagnostic scan tools
    market is expected to register the highest
    growth, growing at a CAGR of around 8 between
    2019 and 2025. This growth can be attributed to
    the presence of emerging countries (such as China
    and India), leading manufacturers, and
    significantly large consumption markets in the
    region. In addition, the infrastructural
    development and growing industrialization in the
    emerging economies are creating opportunities for
    automotive OEMs as well as professional
    automotive diagnostic solution providers.

9
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