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Automotive Diagnostic Scan Tools - Global Market Trajectory & Analytics

  • ID: 4804425
  • Report
  • April 2021
  • Region: Global
  • 284 pages
  • Global Industry Analysts, Inc
Global Automotive Diagnostic Scan Tools Market to Reach $48.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Diagnostic Scan Tools estimated at US$37.8 Billion in the year 2020, is projected to reach a revised size of US$48.1 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027. Exhaust Gas Analyzer, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$15.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wheel Alignment Equipment segment is readjusted to a revised 3.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $10.2 Billion, While China is Forecast to Grow at 6.4% CAGR

The Automotive Diagnostic Scan Tools market in the U.S. is estimated at US$10.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$10.1 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Paint Scan Equipment Segment to Record 3.6% CAGR

In the global Paint Scan Equipment segment, USA, Canada, Japan, China and Europe will drive the 3.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.4 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.7 Billion by the year 2027, while Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 44 Featured):
  • ACTIA Group
  • Avl List GmbH
  • Continental AG
  • Delphi Auto Parts
  • Denso Corporation
  • Hickok Waekon LLC
  • KPIT Technologies Ltd.
  • Robert Bosch GmbH
  • SGS SA
  • Siemens AG
  • Snap-on, Inc.
  • Softing AG
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Automotive Diagnostic Scan Tools Critical to Vehicle Health Monitoring
  • Impact of Covid-19 and a Looming Global Recession
  • STable Automobile Production Trends Steers Market Growth
  • Global Light Vehicle Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • Growing Complexity and Proportion of In-Vehicle Electronics in Modern Automobiles Increases Need for Diagnostic Scan Tools
  • Explosion of Electronic Components in Modern Automobiles Driven by Vehicular Safety Extends Market Opportunities: Average Cost of In-Vehicle Electronics (In US$) for the Years 2020, 2025 & 2030
  • Global Automotive Electronics Market (In US$ Billion) for the Years 2018, 2021 & 2023
  • Stringent Exhaust Emission Norms to Reduce Carbon Footprint in Automotive Sector Benefits Demand
  • Global Overview of Emissions Legislation for Light Duty Vehicles for the Years 2018, 2022 & 2027
  • Emissions Target (In Grams per Mile) and Fuel Efficiency Target (In Miles per Gallon) Established by CAFE Standards for the Years 2018, 2021 & 2024
  • Robust Automotive Outlook in Asia Pacific Augments Market Opportunities
  • Flourishing Middle Class Population in Asia Pacific Drives Demand for New Cars: Global Middle Class Population & Spending (In Million & US$ Billion) for the Years 2020, 2025, 2030
  • Percentage (In %) Breakdown of Automobile Production in Asia-Pacific by Country for the Year 2018
  • Increasing Number of Automotive Workshops to Meet Rising Automobile Sales Influence Market Prospects
  • Total Number of Auto Repair and Maintenance Workshops in the US for the Years 2017, 2019 & 2022
  • Rising Trend of Remote Vehicle Diagnostics Gains Traction
  • With a Single Modern Luxury Car Incorporating up to 150 ECUs, Rising Sales of Luxury Vehicles Expands Demand: Global Luxury Car Market (In US$ Billion) for the Years 2018, 2020 & 2023
  • US Class 8 Truck Sales (In Thousands) for the Years 2016, 2018 & 2021
  • Emergence of Autonomous Driving and Rising Electrification of Vehicles Unfurls New Revenue Opportunities
  • Rise of Shared Mobility Trend Bodes Well for Future Market Expansion
  • Prohibitive Cost of Advanced Diagnostic Scan Equipment Restricts Market Growth
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
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