Press release
2025-2034 Automotive Diagnostic Scan Tools Market Roadmap: Insights for Competitive Advantage
Automotive Diagnostic Scan Tools
How Large Will the Automotive Diagnostic Scan Tools Market Size By 2025?
Over the past few years, the market size for automotive diagnostic scan tools has witnessed robust growth. The industry value is projected to surge from $40.51 billion in 2024 to $42.64 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 5.3%. The growth observed in the historical duration can be credited to several factors such as rising vehicle complexity, implementation of onboard diagnostics (obd) standards, heightened consumer awareness and demand, fulfillment of regulatory compliance requirements, and the growing intricacy of contemporary vehicles.
How Big Is the Automotive Diagnostic Scan Tools Market Size Expected to Grow by 2029?
The market size of automotive diagnostic scanning tools is predicted to experience significant expansion in the coming years, with a projected value of $55.93 billion by 2029, showing a compound annual growth rate (CAGR) of 7.0%. The factors influencing the growth during this period involve advancements in electric and hybrid vehicles, the utilization of artificial intelligence for diagnostics, an increase in connected automobiles, focus on predictive maintenance, and the widening of telematics systems. The forecast period will also witness several key trends, such as wireless diagnostic scanning tools, diagnostics solutions based in the cloud, integration of diagnostics through mobile apps, real-time remote diagnostics, and the adoption of blockchain technology for secure diagnostic data sharing.
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Which Key Market Drivers Powering Automotive Diagnostic Scan Tools Market Expansion and Growth?
The automotive diagnostic scan tools market is projected to be fueled by increased vehicle production and sales. These tools find usage in efficiently and promptly pinpointing issues in certain areas via data collected from sensors, microchips, and embedded processors. As the total number of vehicles continues to rise, so too does the demand for automotive diagnostics tools, as repair and maintenance firms hunt for innovative diagnostics tools to boost the pace and effectiveness of their vehicle diagnostics endeavours. For example, the European Aupatomobile Manufacturers Association, a Belgium-based car manufacturers association, reported in May 2023 that the worldwide production of motor vehicles hit 85.4 million units in 2022, marking a significant 5.7% rise from 2021. Additionally, in February 2022, Brand Finance plc, a UK-based brand valuation company, reported that in 2022, about 78 million units were sold in the automobile sector, reflecting a significant 10% increase over 2021. As such, increased vehicle production and sales are fueling the expansion of the automotive diagnostic scan tool market.
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Which Fast-Growing Trends Are Poised to Disrupt the Automotive Diagnostic Scan Tools Market?
One key trend gaining momentum in the automotive diagnostic scan tool market is the progress of technology. Businesses in this market are allocating resources to the creation of novel technologies to extend their product accessibility to home-based customers. As an example, in October 2023, automotive tools manufacturer based in the US, Matco Tools, introduced Maximus Plus. This budget-friendly automotive diagnostics scan tool comes with OE-level functionality and an upgraded Android system that allows technicians to customize their diagnostic features, buying only the specific brands required, resulting in saved time and money. Its super-fast upgrades and sturdy build make it the tool of choice for automotive professionals.
What Are the Emerging Segments in the Automotive Diagnostic Scan Tools Market?
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
Subsegments:
1) By On-Board Diagnostics (OBD): OBD-II Scanners, OBD-I Scanners, Wireless OBD Adapters
2) By Electric System Analyzers: Battery Testers, Alternator Testers, Starter Testers
3) By Other Types: Engine Diagnostic Tools, ABS and Airbag Diagnostic Tools, Multi-Function Diagnostic Tools
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Who Are the Global Leaders in the Automotive Diagnostic Scan Tools Market?
Major companies operating in the automotive diagnostic scan tools market include 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
Which are the Top Profitable Regional Markets for the Automotive Diagnostic Scan Tools Industry?
Asia-Pacific was the largest region in the automotive diagnostic scan tools market in 2024.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
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