Global Automotive Diagnostic Scan Tools Markets, 2021-2026 – Companies Expanding Presence Through Acquisition Strategies

DUBLIN, September 01, 2021–(BUSINESS WIRE)–The “Global Automotive Diagnostic Scan Tools Market (2021-2026) by Component, Tools, Application, Vehicle Type and Geography – Competitive Analysis, Impact of COVID-19, Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Automotive Diagnostic Scan Tools Market is estimated to be worth USD 35.2 Billion in 2021 and is expected to reach USD 50.1 Billion by 2026, growing at a CAGR of 7.3%.

Market Dynamics

The increasing integration of automation in vehicles and the rise in automated vehicle demand is driving the market growth. The stringent emission norms by the Government and growing pollution concerns among the public have propelled market growth.

The automotive diagnostic scans were used to diagnose and scan any issues in the vehicles through connecting probes in the vehicle diagnostic system and repair more quickly. In addition, the diagnostics tools are also used in the upgradation of vehicle software and improve control modules.

However, complex automotive systems and high cost associated with diagnosis and upgradation of the system is anticipated to hinder the market growth.

Companies are expanding their geographical presence in emerging countries through acquisition and merger, is expected to offer remunerative growth opportunities for the player operating in the automotive diagnostic scan tools market.

Market Segmentation

  • By Component, the market is classified as software, solutions and hardware. Amongst all, the hardware segment is estimated to hold the highest market share during the forecast period.

  • By Tools, the market is classified as professional diagnostic, DIY diagnostic, OEM diagnostic. Amongst the all, the Professional Diagnostic segment is estimated to hold the highest market share during the forecast period.

  • By Application, the market is classified as automatic crash notification, vehicle tracking, vehicle health alert & roadside assistance, repair and maintenance, emission control. The repair and maintenance segment is estimated to hold the highest market share during the forecast period.

  • By Vehicle Type, the market is classified as a passenger vehicle and commercial vehicle. Amongst the two, the passenger vehicle segment is estimated to hold the highest market share during the forecast period.

  • By Geography, North America is projected to lead the market.

Recent Developments

  • asTech, a company of Kinderhook Industries LLC, has acquired Root Four Imagination Inc. (BlueDriver). BlueDriver is a leading provider of direct-to-consumer aftermarket diagnostic scan tools and services. – 12th January 2021.

  • asTech Acquires Red EU & Red Autocentres, Red provides a complete suite of solutions for the service, maintenance, and repair (“SMR”), collision, and automotive insurance industries through diagnostic scan tools and automotive electrical systems services. – 23rd March 2021.

Company Profiles

Some of the companies covered in this report are Denso Corp., Snap-On Inc., SPX Corp., Softing AG, Actia Group SA, Avl List GmbH, Dg Technologies, Dsa Daten- Und Systemtechnik GmbH, etc.

Key Topics Covered:

1 Report Description

2 Research Methodology

2.1 Research Process

2.2 Data Collection and Validation

2.3 Market Size Estimation

2.4 Assumptions of the Study

2.5 Limitations of the Study

3 Executive Summary

3.1 Introduction

3.2 Market Size and Segmentation

3.3 Market Outlook

4 Market Influencers

4.1 Drivers

4.1.1 Increasing Adoption Electrical Vehicles and Rising Number of Service Stations

4.1.2 Stringent Norms Associated with Harmful Emissions

4.2 Restraints

4.2.1 High Investment Cost

4.3 Opportunities

4.3.1 New Technologies and Development in Electrical Vehicles

4.3.2 Companies Expanding Presence Through Acquisition Strategies

4.4 Challenges

4.4.1 Lack of Skilled Professional

4.4.2 Complex Technical Issues

4.5 Trends

5 Market Analysis

5.1 Regulatory Scenario

5.2 Porter’s Five Forces Analysis

5.3 Impact of COVID-19

5.4 Ansoff Matrix Analysis

6 Global Automotive Diagnostic Scan Tools Market, By Component

6.1 Introduction

6.2 Hardware

6.2.1 Scanner

6.2.2 Code Reader

6.2.3 Tester

6.2.4 Analyzer

6.3 Software

6.3.1 ECU Diagnosis Software

6.3.2 Vehicle Tracking and Emissions Analysis Software

6.3.3 Vehicle System Testing Software

6.4 Service

6.4.1 Vehicle maintenance and repair

6.4.2 Custom, training, support, and integration

7 Global Automotive Diagnostic Scan Tools Market, By Tool

7.1 Introduction

7.2 Professional Diagnostic

7.3 DIY Diagnostic

7.4 OEMs Diagnostic

8 Global Automotive Diagnostic Scan Tools Market, By Application

8.1 Introduction

8.2 Automatic Crash Notification

8.3 Vehicle Tracking

8.4 Vehicle Health Alert & Roadside Assistance

8.5 Repair and Maintenance

8.6 Emission Control

9 Global Automotive Diagnostic Scan Tools Market, By Vehicle Type

9.1 Introduction

9.2 Passenger Vehicle

9.3 Commercial Vehicle

10 Global Automotive Diagnostic Scan Tools Market, By Geography

11 Competitive Landscape

11.1 Competitive Quadrant

11.2 Market Share Analysis

11.3 Strategic Initiatives

12 Company Profiles

  • Denso Corp.

  • Snap-On Inc.

  • SPX Corp.

  • Softing AG

  • Actia Group SA

  • Avl List GmbH

  • Dg Technologies

  • Dsa Daten- Und Systemtechnik GmbH

  • Etas GmbH

  • General Technologies Cor.

  • Hickok Inc.

  • Bosch Automotive Service Solution. Inc.

  • Fluke Corporation

  • Kpit Technologies Ltd.

  • Noregon Systems Inc

  • Continental AG

  • Vector Informatik

  • DSpace

  • Softing

  • Horib. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/tjkf7y

View source version on businesswire.com: https://www.businesswire.com/news/home/20210901005462/en/

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