Vehicle Diagnostics Global Market Insights: Growth Drivers, Size & Forecasts to 2029

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What Is the Forecasted Market Growth Rate of the Vehicle Diagnostics Industry?
In the past few years, the vehicle diagnostics market has experienced swift expansion. With an estimated growth from $38.09 billion in 2024 to $43.73 billion in 2025, it demonstrates a compound annual growth rate (CAGR) of 14.8%. Various factors have fueled this growth during the historical period; including regulatory compliance requirements, increased consumer insistence on reliability, financial strain on vehicle upkeep, the globalization of the automotive production industry, a surge in vehicle ownership, and advancements in fleet management.

How Will the Vehicle Diagnostics Market Size Evolve From 2025 to 2029?
Expectations are high for a swift expansion in the vehicle diagnostics market size over the coming years. By 2029, projections indicate it should reach $74.27 billion, with a compound annual growth rate (CAGR) of 14.2%. Factors such as rising vehicle sophistication, emphasis on predictive analytics, a transition to subscription-based services, the emergence of mobility-as-a-service (MaaS), and an increased focus on sustainability are all expected to fuel growth in the forecast period. Some key trends to watch include the growing acceptance of connected diagnostic solutions, roll-out of predictive maintenance solutions, incorporation of high-tech sensor technologies, a shift towards software-oriented diagnostics, and the rise of augmented reality (AR) diagnostics.

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What Are the Main Growth Drivers in the Vehicle Diagnostics Market Today?
The growth of the vehicle diagnostics market is projected to be fueled by the increasing popularity of vehicle leasing. Vehicle leasing is an agreement in which a person or company rents a vehicle from a leasing firm or bank for a stipulated time, usually ranging from months to years. The appeal of vehicle leasing is rising due to the opportunity to procure newer models, lower upkeep expenses, adaptability, and business tax advantages. Vehicle diagnostics play a crucial role in vehicle leasing, enabling lessors to ensure that the leased vehicles are well-maintained and efficient. Through diagnostic checks, they can keep a tab on the vehicle's health, identify problems, and enhance fleet management for smooth and dependable operations throughout the lease term. For example, MotorFinanceOnline, a UK-based news and analysis website powered by Verdict Media Limited, revealed that in the first half of 2022, 20% of new leasing clients aimed to lease a pure battery electric vehicle (BEV), indicating a dramatic 1575% increase in demand for BEV compared to preceding years. Consequently, the upsurge in vehicle leasing is fueling the acceleration of the vehicle diagnostics market.

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Which Vehicle Diagnostics Market Segment Is Expected to Lead Through 2029?
The vehicle diagnostics market covered in this report is segmented -

1) By Product Type: OBD2 Scanner, Multi-System Auto Diagnostic Tool, OBDII Scanner Bluetooth Automotive ECU Coding Diagnostic Tool, OBD2 Car Code Reader Or scan Tool, OBD2 Adapter Check Engine Diagnostic Tool, Smartphone Diagnostic Tool, Other Products
2) By Vehicle Type: Light-Duty Vehicle, Commercial Vehicle, Heavy Commercial Vehicle
3) By Equipment Type: Exhaust Gas Analyzer, Wheel Alignment Equipment, Headlight Tester, Paint Scan Equipment, Dynamometer
4) By Application: Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert, Roadside Assistance

Subsegments:
1) By OBD2 Scanner: Standard OBD2 Scanner, Advanced OBD2 Scanner
2) By Multi-System Auto Diagnostic Tool: OEM Multi-System Diagnostic Tool, After market Multi-System Diagnostic Tool
3) By OBDII Scanner Bluetooth Automotive ECU Coding Diagnostic Tool: Wireless OBDII Scanner with Bluetooth Connectivity, ECU Coding And Reprogramming OBDII Diagnostic Tools
4) By OBD2 Car Code Reader Or Scan Tool: Basic OBD2 Code Reader, Professional OBD2 Scan Tool
5) By OBD2 Adapter Check Engine Diagnostic Tool: OBD2 Bluetooth Adapter, OBD2 USB Adapter
6) By Smartphone Diagnostic Tool: Mobile App-Based Diagnostic Tools, Smartphone OBD2 Adapter Kits
7) By Other Products: Vehicle Battery Diagnostic Tools, TPMS Diagnostic Tools, Hybrid Or Electric Vehicle Diagnostic Tools, Automotive Performance Diagnostic Tools

Which Market Trends Are Expected to Dominate Vehicle Diagnostics Industry Growth?
Major firms in the vehicle diagnostics market are actively involved in creating vehicle battery diagnostic technology, like MDX-AI, to establish their dominance in the industry. MDX-AI is a battery diagnostic instrument that evaluates the health, performance, and status of batteries used in several tests and analyses. For example, in July 2024, the American battery management systems company Midtronics Inc. launched a battery diagnostic technology for automotive service equipment known as MDX-AI. This revolutionary solution relies on artificial intelligence to provide a fast and accurate assessment of battery health and performance. In a bid to eliminate 'Charge and Retest' decisions and to provide immediate and precise assessments of battery health, Midtronics has developed MDX-AI, a battery diagnostic technology powered by artificial intelligence that ensures robust support for crucial functions in electric vehicles; addressing the difficulties that service providers encounter while accurately diagnosing battery problems. The introduction of MDX-AI allows technicians to make accurate determinations on battery health more rapidly, boosting efficiency and productivity in vehicle maintenance. Furthermore, MDX-AI possesses superior abilities like accurately testing 12V batteries in electric vehicles, which are essential for guaranteeing the dependability of safety systems.

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Which Companies Hold the Largest Market Share in the Vehicle Diagnostics Sector?
Major companies operating in the vehicle diagnostics market are DENSO Corporation, Continental AG, BorgWarner Inc., Snap-on Incorporated, ACTIA Group, AVL List GmbH, OnStar LLC, SPX Corporation, VOXX International Corporation, KPIT Technologies, Launch Tech Co. Ltd., Telemotive AG, Repairify Inc., ETAS GmbH, Magneti Marelli S.P.A., Softing AG, General Technologies Corporation, DSA Daten- und Systemtechnik GmbH, Autologic Diagnostics Ltd., Hickok Incorporated, AVL DiTEST GmbH, Vector Informatik GmbH, Vidiwave Limited, Autel Intelligent Technology Corp. Ltd., Robert Bosch GmbH

Where Is the Vehicle Diagnostics Market Experiencing the Highest Growth?
North America was the largest region in the vehicle diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vehicle diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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