Automotive diagnostic tools market is anticipated to grow at a significant CAGR of 5.6% during the forecast period. One of the key factors fuelling the market includes the rising technological advancement in the automobile industry. Vehicle making has become gradually complex with more applications of technologies such as advanced driver assistance systems (ADAS) and electronic control modules. Such development has raised a lot of technical challenges in the diagnosis process for regular end-users. Hence, the automotive diagnostic tools with the provision of standard fault codes and other services offer a simple interface to customers for concluding the actual issues with the vehicle and avoid unnecessary workshop repair which can make minor problems expensive. This has resolved a lot of repairing issues in the service and manufacturing department which is reflected in the rising demand and development in the market. For instance, in March 2021, Robert Bosch GmbH launched ADS 625 X which does DTC scans of all systems within 60 seconds on average, while complete scans take 30 seconds or less. The scan tool offers technicians advanced vehicle coverage across a broad range of domestic, European, and Asian vehicles.
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With the help of apparent insights depicted here into a wide range of product and service releases by key competitors in the market, novice players are able to position themselves in the vast market. It is an indispensable need to get detailed idea to track future business growth and this Automotive Diagnostic Tools Market research report is the best medium to get that vision. It also aims at providing market environment along with covering complete market information. Automotive Diagnostic Tools Market research report also enables business owners to have firm grasp over what consumers exactly expect, their future demands, wants and preferences by offering detailed customer related data. It further discusses about key market players and ongoing latest trends.
This informative yet easy to understand Automotive Diagnostic Tools Market study report covers wide-ranging product launch wise latest trends, regulatory shifts and other important factors, which are expected to affect the overall industry growth for the approaching time span 2022-2028. It aims at providing detailed knowledge about what customers exactly want from which key players can make sound decision making for the growth of business. It also aims at measuring marketing effectiveness. SWOT Analysis technique is also employed to form the market research report to cover helpful opportunities, possible challenges and threats. Impact of new corona virus on the global economy is also shared in this Automotive Diagnostic Tools Market report. Collaborations, mergers and acquisitions like strategies are also covered in this market study report.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Diagnostic Tools Market Report Segment
By Type
- On-Board Diagnostics (OBD)
- Electric System Analyzer
- Scan Tool
By Product type
- Diagnostic Equipment/Hardware
- Diagnostic Software
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Global Automotive Diagnostic Tools Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive diagnostic tools market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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