The Global Automotive Diagnostic Scan Tools Market is presently worth USD 35 billion and is poised to amplify at a CAGR of 5% over 2022-2030, thereby amassing a valuation of USD 60 billion by end of the assessment timeline.
Automotive diagnostic scan tools use electronic hardware and software to identify any car problems. They can be used to diagnose and reprogramme electronic system issues for a variety of cars' control modules.
The market for automotive diagnostic scan tools is expanding as a result of rising auto sales, stricter pollution standards, and increasingly complicated automotive electronics, particularly in connected automobiles. Urbanization is still increasing as living standards grow in many developing nations, such as China, India, and Indonesia. In these nations, demand for automobiles is rising as a result of the growing urban population. The demand for diagnostic scan tools is increasing in tandem with the expansion of the automotive sector because these instruments are essential for the effective and smooth operation of these cars (and for maintenance services).
The demand for tools and equipment that allow quick and accurate diagnosis of a vehicle's problems has increased due to an expansion in automotive workshops in both organised and unorganised sectors. Because of the implementation of stricter emission rules and the rising number of automotive workshops, nations like China, India, and Mexico are expected to experience significant growth in the market for automotive diagnostic scan equipment. This has inspired the producers to create several diagnostic scan tools in accordance with the needs of the end customers. According to estimates, diagnostic software will come in second place in the automobile diagnostic scan tools industry in terms of value to diagnostic equipment/hardware.
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Global Automotive Diagnostic Scan Tools Market- Segmental assessment
By product type
- Diagnostic equipment/hardware
- Diagnostic software
By vehicle type
- Passenger cars
- Commercial vehicle
Top players profiled:-
Robert Bosch GmbH (Germany), Siemens (Germany), Continental AG(Germany), Denso (Japan), Snap-on (US), and others.
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Frequently Asked Questions:-
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