Press release
Automotive Diagnostic Scan Tools Market Valued $51.97Bn by 2025 | A report by top competitors like DENSO, ACTIA Group, Bosch Automotive Service Solutions, LLC, Delphi Technologies and others
Market Analysis:The Global Automotive Diagnostic Scan Tools Market is expected is expected to reach USD 51.97 billion by 2025 from USD 25.35 billion in 2017 and is projected to grow at a CAGR of 5.0% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Competitors In Automotive Diagnostic Scan Tools Business:
• DENSO Corporation
• ACTIA Group
• Bosch Automotive Service Solutions Inc.
• Delphi Technologies
• Hickok Inc.
• Snapon Diagnostics Customer Service
• SPX Corporation
• Continental AG
• Siemens AG
• MBL Impex Pvt Ltd
• Horiba
• Autel Intelligent Technology Corp Ltd
• Ampro Testing Machines
• AVL List GmbH
• DG Technologies
• ETAS GmbH
• KPIT Technologies Ltd
• SGS SA
• Fluke Corporation
• Vogelsang & Benning
• Vector Informatik India Pvt. Ltd
In, February, 2014, Magma Ceramics and catalysts merged with Morgan Advanced Materials in a move to create a larger and more effective combined business which will give access to wider technology base and growth prospects
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Top Market Drivers & Restraint:
• Vehicles in operation at an ever increasing pace by number.
• Increase in the electrification of vehicles backed by an increasing number of service stations.
• Implementation of new communication technology within the automobile industry.
• Advanced technologies and its high costs in implementation.
• Lack of skilled workforce to cater the advancement in the technology.
Segmentation:
Product Type
• Diagnostic Equipment.
• Diagnostic Software.
Vehicle Type
• Passenger Vehicles.
• Commercial Vehicles.
Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Market Share:
The global automotive diagnostic scan tools market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive diagnostic scan tools market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In April 2018, Quartrix launched a new installation feature plug & track, easing the installation and flexibility of tools.
In April 2017 SiriusXM acquired Automatic, the manufacturer of Automatic pro & lite connected to car ports (OBD 2) accessories for USD 10 million, enabling the firm to expand and improve its services.
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