Automotive Diagnostic Tool Industry Analysis

Automotive diagnostic tools refer to a combination of software and electronic devices software, which are being used as an interface with the diagnostic systems in automotive. The gradual shift in preference of the consumers from manual to automated diagnostic systems, is leading to an increased importance of diagnostic tools in automotive. The diagnostics tools are very efficient, as they facilitate the analysis of complex codes required for the diagnostics of various components of automobiles such as powertrain, body and chassis. All automotive service stations deploy the use of diagnostic tools for all kinds of passenger cars and commercial vehicles.

The global Automotive Diagnostic Tool Industry is poised to register a notable growth at 5% CAGR over the assessment period (2017-2023).

Key Players

Leading players profiled in the Automotive Diagnostic Tool Industry 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.

Segmentation

MRFR report offers a wide segmental analysis of the Automotive Diagnostic Tool Industry on the basis of product type, equipment type, and vehicle type.

Based on product type, the Automotive Diagnostic Tool Industry 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 Industry 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 Industry 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 Industry 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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