Global Automotive Diagnostic Scan Tools Market (2021-2026) by Component, Tools, Application, Vehicle Type and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis

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

The Global Automotive Diagnostic Scan Tools Market is segmented based on Component, Tools, Application, Vehicle Type and Geography.

• 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

1. 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.
2. 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.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Automotive Diagnostic Scan Tools Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.

The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.

The report also includes the regulatory scenario of the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.

The report also contains the competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.