Press release
Automotive Diagnostic Scan Tools Market New Trends, Share Insights, Analysis And Forecast 2033
Automotive Diagnostic Scan Tools Market New Trends
Automotive Diagnostic Scan Tools Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $52.55 billion In 2028 At A CAGR Of 6.3% :
The automotive diagnostic scan tools market size has grown strongly in recent years. It will grow from $38.81 billion in 2023 to $41.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increased vehicle complexity, onboard diagnostics (obd) standards implementation, consumer awareness and demand, regulatory compliance requirements, growing complexity of modern vehicles.
The automotive diagnostic scan tools market size is expected to see strong growth in the next few years. It will grow to $52.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growth in electric and hybrid vehicles, integration of artificial intelligence in diagnostics, increased connected car, emphasis on predictive maintenance, expansion of telematics systems. Major trends in the forecast period include wireless diagnostic scan tools, cloud-based diagnostics solutions, mobile app integration for diagnostics, real-time remote diagnostics, blockchain technology for secure diagnostic data sharing.
Request A Sample Of This Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=5960&type=smp
Automotive Diagnostic Scan Tools Market Major Segments
The automotive diagnostic scan tools market covered in this report is segmented -
1) By Type: On-Board Diagnostics (OBD), Electric System Analyzers, Other Types
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Offering Type: Diagnostic Equipment/Hardware, Diagnostic Software
Key Driver - Surging Vehicle Production And Sales Driving Growth In The Automotive Diagnostic Scan Tools Market
The rise in vehicle production and sales is expected to propel the growth of the automotive diagnostic scan tools market. Automotive scan tools are used to quickly and accurately identify the problem areas in specific locations based on data extracted from sensors, microchips, and built-in-processors. As the number of vehicles increases, the demand for automotive diagnostics tools is expected to increase, as the repair and maintenance companies look for innovative diagnostics tools to increase the speed and efficiency of vehicle diagnostics activities. For instance, in May 2023, according to the European Aupatomobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Furthermore, in February 2022, according to Brand Finance plc, a UK-based brand valuation company, in 2022, the automobile sector achieved approximately 78 million unit sales, marking a substantial 10% increase compared to both 2021.Therefore, the rise in vehicle production and sales is driving the growth of the automotive diagnostic scan tool market.
Customise This Report As Per Your Requirements -
https://www.thebusinessresearchcompany.com/Customise?id=5960&type=smp
Prominent Trend - Technological Advancements In The Automotive Diagnostic Scan Tool Market
Technological advancement is a key trend gaining popularity in the automotive diagnostic scan tool market. The companies operating in the automotive diagnostic scan tool market are investing in the development of innovative technologies to increase the reach of their products to at-home customers. For instance, in October 2021, Continental AG launched Autodiagnos Drive, an innovative remote vehicle data solution for remotely diagnosing vehicular problems. The new product is a plug-and-play technology for accessing diagnostic information for vehicles.
Automotive Diagnostic Scan Tools Market Players
Major companies operating in the automotive diagnostic scan tools market report are Nippon Denso Co. Ltd., Snap-On Inc., DG Technologies Inc., Softing AG, Actia Group SA, Dsa Daten-Und Systemtechnik GmbH, Hickok Inc., Bosch Automotive Service Solutions Inc., Delphi Automotive plc, Kpit Technologies Limited, Launch Tech Co. LTD, Volvo Group, Autel Intelligent Technology Corp Ltd., Fluke Corporation, Honda Motor Company Ltd., Siemens AG, Robert Bosch GmbH, Continental AG, Carman International Co. Ltd., Vector Informatik GmbH, Anstalt für Verbrennungskraftmaschinen, Bayerische Motoren Werke Aktiengesellschaft, Daimler AG, General Technologies Corporation, SPX Technologies Inc., SGA SA corporation, Autocom Diagnostic Partner AB, Autologic Diagnostics Ltd., Bartec USA LLC, Drew Technologies Inc., Texa SPA
View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/automotive-diagnostic-scan-tools-global-market-report
Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the automotive diagnostic scan tools market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive diagnostic scan tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Diagnostic Scan Tools Market Report Structure
3. Automotive Diagnostic Scan Tools Market Trends And Strategies
4. Automotive Diagnostic Scan Tools Market - Macro Economic Scenario
5. Automotive Diagnostic Scan Tools Market Size And Growth
…..
27. Automotive Diagnostic Scan Tools Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Automotive Diagnostic Scan Tools Market New Trends, Share Insights, Analysis And Forecast 2033 here
News-ID: 3542300 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Diagnostic
Rubella Diagnostic Testing Market Report 2024 - Rubella Diagnostic Testing Marke …
"The Business Research Company recently released a comprehensive report on the Global Rubella Diagnostic Testing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive…
Diagnostic Electrocardiograph Market - Elevating Cardiac Care: Diagnostic Electr …
Newark, New Castle, USA: The "Diagnostic Electrocardiograph Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Diagnostic Electrocardiograph Market: https://www.growthplusreports.com/report/diagnostic-electrocardiograph-market/7804
This latest report researches the industry structure, sales, revenue,…
Diagnostic Imaging Market - Empowering Precision Medicine: Harnessing the Potent …
Newark, New Castle, USA: The "Diagnostic Imaging Market" provides a value chain analysis of revenue for the anticipated period from 2021 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Diagnostic Imaging Market: https://www.growthplusreports.com/report/diagnostic-imaging-market/7688
This latest report researches the industry structure, sales, revenue,…
Rubella Diagnostic Testing Market - Advancing Rubella Control: Innovating Diagno …
Newark, New Castle, USA - new report, titled Rubella Diagnostic Testing Market The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Rubella Diagnostic Testing market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Rubella Diagnostic Testing market. The report offers an overview of…
Tenet Diagnostic: Reshaping the Diagnostic Industry in India
Tenet Diagnostic was incorporated in 2018 with an aim to establish high-quality diagnostics laboratories across India. The company caters to both B2B and B2C. They have seven different verticals namely: End Customer (B2C), Lab to Lab Test Outsourcing, Corporates and Institutions, large management (Hospitals, Medical Colleges, and other healthcare institutions), Clinical Trials, Home Sample Collection, and Government PPP Projects.
Tenet Diagnostics got its NABL certification in the fastest time and is…
Diagnostic Imaging Services Market 2019 Analyzed by Top Key Players PH3 Healthca …
Big Market Research has added a report, titled, "Diagnostic Imaging Services" The report not only provides a comprehensive analysis of market overview and dynamics for the historical period, 2019-2026, but also offers global and regional forecasts on market value, volume production, and consumption during the future period, 2019-2026. The report also analyzes the key market players, especially the distributors, along with the industrial chain structure. The evolution of market trends…
