Automotive Diagnostic Scan Tools - Global Strategic Business Report

Global Automotive Diagnostic Scan Tools Market to Reach $44 Billion by 2030

The global market for Automotive Diagnostic Scan Tools estimated at US$32.1 Billion in the year 2022, is projected to reach a revised size of US$44 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Wheel Alignment Equipment, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$15.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Exhaust Gas Analyzer segment is readjusted to a revised 4.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.7 Billion, While China is Forecast to Grow at 6.7% CAGR

The Automotive Diagnostic Scan Tools market in the U.S. is estimated at US$8.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$9.1 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.9 Billion by the year 2030.

Select Competitors (Total 27 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

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• Global competitiveness and key competitor percentage market shares
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