Press release
Global Diagnostic Tools for EVs Market Projected to Reach US$ 5.4 Billion by 2033 with a Strong 12.8% Growth Rate
Diagnostic Tools For EVs Market
EV sales have seen a significant rise giving impetus to the requirement for other related products and services for its advancement, over the last few years. Furthermore, tremendous progress has been made in the electric vehicle repair and maintenance business creating a huge opportunity for the market.
Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-16505
Key Takeaways
As per the market estimate figures, the United States is the leading region in providing diagnostic tools for EVs. In the year 2022, the total revenue generated by the companies of diagnostic tools for EVs operating in the country was nearly US$ 184 million.
In Europe, Germany has remained the leading market for electric vehicles and tools and other products and services associated with EVs. Currently, the net worth of the total sales of diagnostic tools for EVs achieved by Germany is estimated to be around 8.9% of the global market.
Interestingly, the United Kingdom has witnessed higher demand for diagnostic tools for EVs than any other country in the European Union in recent years. As per the market statistics, this country is anticipated to witness an overall annual growth rate of 12.4% during the time period between 2023 and 2033.
China is projected to lead the manufacturing and sales of diagnostic tools for EVs in the Asia Pacific region. By the virtue of having a high manufacturing base, it is projected to develop its diagnostic tools for the EVs market at a rate of 10.1% over the next ten years.
Japan is also a key market for the production and export of diagnostic tools for EVs, its annual growth rate in this sector would remain lower than that of China. In the previous year, the total valuation of this market in Japan was US$ 22.5 million which is further projected to reach US$ 76 million by 2033.
Australia is emerging as a key region with demand for diagnostic tools for EVs gaining traction over the recent years. For the present year 2023, the net worth of the total diagnostic tools for EVs sales in the country is estimated to be around US$ 13 million and it would reach up to US$ 43.5 million by 2033.
Request customization and get a tailored experience that meets your specific business needs:
https://www.futuremarketinsights.com/customization-available/rep-gb-16505
Contrastingly, India is observed to be having a year-on-year growth rate for sales of diagnostic tools for EVs higher than any other country. In comparison to the CAGR of other countries, the demand for diagnostic tools for EVs in India is poised to register a CAGR of 14.2% through the forecast years.
In terms of value, the hardware segment of the market generates higher revenue in comparison to software and services. As per the diagnostic tools for EVs market report, this segment contributed 68.3% of the total revenue generated by the market in 2022.
Competitive Landscape for the Diagnostic Tools for EVs 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, Fluke Corporation are prominent players in the global diagnostic tools for EVs market.
The global diagnostic tool for electric vehicles market looks to be fragmented and competitive, with both regional and global participants advancing at a constant rate.
Key Segments of Diagnostic Tools for EVs Market
By Offering:
Diagnostic Hardware
Scanner
Code Reader
Tester
Analyzer
Others
Diagnostic Software
ECU Diagnosis Software
Vehicle Tracking Software
Vehicle System Testing Software
Others
Diagnostic Services
Vehicle Maintenance and Repair Services
Custom, Training, Support, and Integration Services
Others
Speak to our Research Expert:
https://www.futuremarketinsights.com/ask-question/rep-gb-16505
By Tool Type:
Professional Diagnostic
DIY Diagnostic
OEMs Diagnostic
Others
By Application:
Automatic Crash Notification
Vehicle Tracking
Vehicle Health Alert & Roadside Assistance
Repair & Maintenance
Others
By Vehicle Type:
Passenger Vehicle
Commercial Vehicle
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia and the Pacific
Middle East and Africa (MEA)
Explore Wide-ranging Coverage of FMI's Automotive Landscape
Autonomous Vehicles Market:
https://www.futuremarketinsights.com/reports/autonomous-vehicles-market
EV Charging Cables Market:
https://www.futuremarketinsights.com/reports/ev-charging-cables-market
Automotive DC-DC Converter Market:
https://www.futuremarketinsights.com/reports/automotive-dc-dc-converter-market
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Diagnostic Tools for EVs Market Projected to Reach US$ 5.4 Billion by 2033 with a Strong 12.8% Growth Rate here
News-ID: 3164072 • Views: …
More Releases from Future Market Insights Inc.
Oil & Gas Electrification Market Projected to Surge to USD 5 Billion by 2035, Dr …
The global oil & gas electrification market is set for remarkable expansion, with an estimated value of USD 2.1 billion in 2025 and a projected surge to USD 5.0 billion by 2035. This growth trajectory reflects a compound annual growth rate (CAGR) of 9.1%, driven by increasing investments in sustainable electrification technologies and heightened regulatory pressures aimed at reducing carbon emissions across the industry.
As the oil and gas sector faces…
Global Glassware Market to Reach USD 15.4 Billion by 2035, Driven by Rising Dema …
The global glassware market is on track to experience steady growth over the next decade, with a projected compound annual growth rate (CAGR) of 5.9% from 2025 to 2035. Valued at USD 8.7 billion in 2025, the market is expected to reach an impressive USD 15.4 billion by 2035. This growth is primarily attributed to the rising demand for high-quality, aesthetically appealing, and sustainable glassware products, particularly in the hospitality,…
nduction Hob Market Expected to Reach USD 58.2 Million by 2035, Driven by Growin …
The global Induction Hob Market is set to experience significant growth, with an estimated market value of USD 23.5 million in 2025 and a projected rise to USD 58.2 million by 2035, marking a compound annual growth rate (CAGR) of 9.5% over the forecast period. As consumers increasingly shift toward energy-efficient and technologically advanced cooking solutions, the induction hob sector is poised to benefit from a growing preference for safe,…
Automatic Bottle Opener Market to Reach USD 1.43 Billion by 2035, Driven by Cons …
The automatic bottle opener market is experiencing significant growth and is forecasted to reach USD 1.43 billion by 2035, up from USD 756.5 million in 2025. With a compound annual growth rate (CAGR) of 6.6%, the market is expected to evolve significantly over the next decade, propelled by the increasing popularity of automated home appliances and smart kitchen tools.
This surge is driven by the growing demand for convenient, easy-to-use solutions…
More Releases for EVs
Global Hybrid Cars And Evs Driving Recorder Sales Market Size by Application, Ty …
According to Market Research Intellect, the global Hybrid Cars And Evs Driving Recorder Sales market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The driving recorder market for hybrid and electric vehicles (EVs) is witnessing significant…
Immersion Cooling Fluids Market for EVs: Trends & Competitive Analysis.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Immersion Cooling Fluids Market for Evs Market Size, Share & Trends Analysis Report By Vehicle Type (passenger vehicles, light commercial vehicles, and heavy commercial vehicles), Propulsion Type (Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), and Plug-in Hybrid Electric Vehicles (PHEVs)), Application (EV Batteries, EV Motors, and Power Electronics), Product Type (single-phase coolants and two-phase…
EVs Vs. ICE Cars: What to Choose in 2025
The automotive market has seen major changes in recent years. Electric vehicles have become a worthy alternative to traditional gasoline cars amid a global shift towards clean technologies. In 2024, the market is showing growth in sales of EVs, supported by government subsidies and the development of charging station infrastructure.
Electric models promise lower maintenance costs and reduced carbon emissions, but gasoline cars are often better suited for long trips and…
Mini-EVs: Revolutionizing Personal Transportation with Electric Micro Vehicles
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
• By battery type, the lithium-ion battery segment is anticipated to exhibit significant growth in the future.
• By type, the golfcarts, utility, and neighborhood electric vehicles segment is anticipated to exhibit significant growth in the future.
• By application, the commercial segment is anticipated to exhibit significant growth in the future.
• By region, Europe is anticipated to register the highest CAGR during the forecast period.
The micro electric…
Global Hub Motor for EVs Market|| key player- Hub Motor for EVs Market, ABEGG, S …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Global Hub Motor for EVs Market Trend Evaluation & Future Forecast during the Period 2019-2026”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The report also targets important facets such as market drivers, challenges, latest trends, and…
Global Hybrid Cars and EVs Sales Market Report 2017
In this report, the global Hybrid Cars and EVs market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Hybrid Cars and EVs for these regions, from…
