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Automotive Diagnostic Scan Tools - Global Market Trajectory & Analytics

  • ID: 4804425
  • Report
  • July 2020
  • Region: Global
  • 284 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • ACTIA GROUP
  • CONTINENTAL AG
  • DENSO CORPORATION
  • KPIT TECHNOLOGIES
  • SGS SA
  • SNAP-ON
  • MORE
Global Automotive Diagnostic Scan Tools Market to Reach US$48.1 Billion by the Year 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 grow at a 4.3% CAGR to 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. This segment currently accounts for a 35.7% share of the global Automotive Diagnostic Scan Tools market.

The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 6.4% CAGR for the Period of 2020-2027

The Automotive Diagnostic Scan Tools market in the U. S. is estimated at US$10.2 Billion in the year 2020. The country currently accounts for a 26.98% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$10.1 Billion in the year 2027 trailing a CAGR of 6.4% through 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 while Rest of European market (as defined in the study) will reach US$10.1 Billion by the year 2027.

Paint Scan Equipment Segment Corners a 11.9% Share in 2020

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. The publisher brings years of research experience to this 6th edition of our report. The 284-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • 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

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ACTIA GROUP
  • CONTINENTAL AG
  • DENSO CORPORATION
  • KPIT TECHNOLOGIES
  • SGS SA
  • SNAP-ON
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Automotive Diagnostic Scan Tools Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Automotive Diagnostic Scan Tools Critical to Vehicle Health Monitoring

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

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

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Automotive Diagnostic Scan Tools Market Share (in %) by Company: 2019 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Automotive Diagnostic Scan Tools Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 44

Note: Product cover images may vary from those shown
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  • ACTIA GROUP
  • AVL LIST GMBH (AUSTRIA)
  • CONTINENTAL AG
  • DELPHI AUTO PARTS
  • DENSO CORPORATION
  • HICKOK WAEKON
  • KPIT TECHNOLOGIES
  • ROBERT BOSCH GMBH
  • SGS SA
  • SIEMENS AG
  • SNAP-ON
  • SOFTING AG
Note: Product cover images may vary from those shown
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