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Vehicle Diagnostics Global Market Report 2024

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    Report

  • 175 Pages
  • May 2024
  • Region: Global
  • The Business Research Company
  • ID: 5970898
The vehicle diagnostics market size has grown rapidly in recent years. It will grow from $32.95 billion in 2023 to $38.09 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth observed during the historic period can be attributed to several key factors. These include the necessity for regulatory compliance within the automotive industry, increasing consumer demand for reliable vehicles, cost pressures driving efficiency in vehicle maintenance, the globalization of automotive manufacturing processes, the expanding prevalence of vehicle ownership, and the growing importance of fleet management solutions.

The vehicle diagnostics market size is expected to see rapid growth in the next few years. It will grow to $68.86 billion in 2028 at a compound annual growth rate (CAGR) of 16%. The anticipated growth in the forecast period can be attributed to several factors. These include the escalating complexity of vehicles, heightened emphasis on predictive analytics, the transition towards subscription-based service models, the increasing prevalence of Mobility-as-a-Service (MaaS) solutions, and a growing focus on sustainability within the automotive industry. Major trends expected in the forecast period encompass the widespread adoption of connected diagnostic solutions, the expansion of predictive maintenance offerings, the integration of advanced sensor technologies, a shift towards software-based diagnostic tools, and the emergence of augmented reality (AR) diagnostics.

The increasing prevalence of vehicle leasing is poised to drive growth within the vehicle diagnostics market in the foreseeable future. Vehicle leasing entails a contractual arrangement wherein a lessee rents a vehicle from a lessor for a specified duration, typically ranging from months to years. This surge in vehicle leasing is attributed to various factors such as access to newer vehicles, reduced maintenance costs, flexibility, and tax benefits, particularly for businesses. Vehicle diagnostics play a critical role in vehicle leasing by ensuring the maintenance and performance of leased vehicles. This enables lessors to monitor vehicle health, detect issues promptly, and optimize fleet management to ensure efficient and reliable operation throughout the leasing period. For example, data from MotorFinanceOnline, powered by Verdict Media Limited, revealed that in the initial six months of 2022, 1 out of every 5 (20%) new leasing clients were seeking to lease a pure battery electric vehicle (BEV), indicating a notable surge of 1575% in BEV demand compared to previous years and underscoring the pivotal role of rising vehicle leasing in propelling growth within the vehicle diagnostics market.

Prominent enterprises operating within the vehicle diagnostics market are directing their efforts toward the development of advanced vehicle battery diagnostic technology to enhance their competitive positioning. MDX-AI represents one such innovation, serving as a battery diagnostic tool designed to assess the health, performance, and condition of batteries utilized in various tests and analyses. For instance, Midtronics Inc., a US-based battery management systems company, introduced MDX-AI in July 2024. This cutting-edge solution harnesses the capabilities of artificial intelligence to deliver accuracy and speed in evaluating battery health and performance. By eliminating 'Charge and Retest' decisions and providing instantaneous and precise battery health assessments, MDX-AI enhances efficiency and productivity in vehicle maintenance. Notably, MDX-AI offers advanced features, including the accurate testing of electric vehicle 12V batteries, crucial for ensuring the reliability of safety systems and addressing the challenges encountered by service providers in accurately diagnosing battery issues.

In May 2022, KPIT Technologies, an India-based software development company, finalized the acquisition of Somit Solutions, bolstering its after-sales platform by integrating cloud-based vehicle diagnostics expertise from SOMIT Solutions. This strategic move aimed to provide a comprehensive solution for strategic clients and optimize after-sales service efficiencies within the automotive and mobility industries. Somit Solutions, a US-based cloud-operated vehicle diagnostics company, brought valuable expertise to KPIT Technologies, reinforcing its capabilities in delivering robust and scalable solutions tailored to meet the evolving needs of the automotive and mobility sectors.

Major companies operating in the vehicle diagnostics market are DENSO Corporation, Continental AG, BorgWarner Inc., Snap-on Incorporated, ACTIA Group, AVL List GmbH, OnStar LLC, SPX Corporation, VOXX International Corporation, KPIT Technologies, Launch Tech Co. Ltd., Telemotive AG, Repairify Inc., ETAS GmbH, Magneti Marelli S.P.A., Softing AG, General Technologies Corporation, DSA Daten- und Systemtechnik GmbH, Autologic Diagnostics Ltd., Hickok Incorporated, AVL DiTEST GmbH, Vector Informatik GmbH, Vidiwave Limited, Autel Intelligent Technology Corp. Ltd., Robert Bosch GmbH.

North America was the largest region in the vehicle diagnostics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vehicle diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the vehicle diagnostics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Vehicle diagnostics involves the systematic identification, analysis, and resolution of issues or malfunctions within a vehicle's systems, components, and subsystems. This process empowers mechanics, technicians, and automotive professionals to accurately diagnose and rectify problems pertaining to critical aspects such as the engine, transmission, braking system, electrical system, emissions system, and other vital components.

Key products of vehicle diagnostics include the OBD2 scanner, multi-system auto diagnostic tool, OBDII scanner Bluetooth automotive ECU coding diagnostic tool, OBD2 car code reader or scan tool, OBD2 adapter check engine diagnostic tool, smartphone diagnostic tool, and various other diagnostic products. Additionally, exhaust gas analyzers are utilized to measure and analyze the composition of exhaust gases emitted by vehicles, aiding in assessing engine performance and emissions levels. Different types of vehicles involved in vehicle diagnostics encompass light-duty vehicles, commercial vehicles, and heavy commercial vehicles. Various equipment such as exhaust gas analyzers, wheel alignment equipment, headlight testers, paint scan equipment, and dynamometers are employed for tasks ranging from automatic crash notification and vehicle tracking to vehicle health alert monitoring and roadside assistance.

The vehicle diagnostics market research report is one of a series of new reports that provides vehicle diagnostics market statistics, including vehicle diagnostics industry global market size, regional shares, competitors with vehicle diagnostics market share, detailed vehicle diagnostics market segments, market trends, and opportunities, and any further data you may need to thrive in the vehicle diagnostics industry. This vehicle diagnostics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The vehicle diagnostic market consists of revenues earned by entities by providing services such as repair services, mobile diagnostic services, and pre-purchase inspections. The market value includes the value of related goods sold by the service provider or included within the service offering. The vehicle diagnostics market also includes sales of diagnostic software, test equipment, scan tools, and vehicle diagnostic interfaces. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Vehicle Diagnostics Market Characteristics3. Vehicle Diagnostics Market Trends and Strategies
4. Vehicle Diagnostics Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Vehicle Diagnostics Market Size and Growth
5.1. Global Vehicle Diagnostics Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Vehicle Diagnostics Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Vehicle Diagnostics Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Vehicle Diagnostics Market Segmentation
6.1. Global Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • OBD2 Scanner
  • Multi-System Auto Diagnostic Tool
  • OBDII Scanner Bluetooth Automotive ECU Coding Diagnostic Tool
  • OBD2 Car Code Reader/scan Tool
  • OBD2 Adapter Check Engine Diagnostic Tool
  • Smartphone Diagnostic Tool
  • Other Products
6.2. Global Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Light-Duty Vehicle
  • Commercial Vehicle
  • Heavy Commercial Vehicle
6.3. Global Vehicle Diagnostics Market, Segmentation by Equipment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Exhaust Gas Analyzer
  • Wheel Alignment Equipment
  • Headlight Tester
  • Paint Scan Equipment
  • Dynamometer
6.4. Global Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Automatic Crash Notification
  • Vehicle Tracking
  • Vehicle Health Alert
  • Roadside Assistance
7. Vehicle Diagnostics Market Regional and Country Analysis
7.1. Global Vehicle Diagnostics Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Vehicle Diagnostics Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Vehicle Diagnostics Market
8.1. Asia-Pacific Vehicle Diagnostics Market Overview
(Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Vehicle Diagnostics Market
9.1. China Vehicle Diagnostics Market Overview
9.2. China Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Vehicle Diagnostics Market
10.1. India Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Vehicle Diagnostics Market
11.1. Japan Vehicle Diagnostics Market Overview
11.2. Japan Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Vehicle Diagnostics Market
12.1. Australia Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Vehicle Diagnostics Market
13.1. Indonesia Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Vehicle Diagnostics Market
14.1. South Korea Vehicle Diagnostics Market Overview
14.2. South Korea Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Vehicle Diagnostics Market
15.1. Western Europe Vehicle Diagnostics Market Overview
15.2. Western Europe Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Vehicle Diagnostics Market
16.1. UK Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Vehicle Diagnostics Market
17.1. Germany Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Vehicle Diagnostics Market
18.1. France Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Vehicle Diagnostics Market
19.1. Italy Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Vehicle Diagnostics Market
20.1. Spain Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Vehicle Diagnostics Market
21.1. Eastern Europe Vehicle Diagnostics Market Overview
21.2. Eastern Europe Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Vehicle Diagnostics Market
22.1. Russia Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Vehicle Diagnostics Market
23.1. North America Vehicle Diagnostics Market Overview
23.2. North America Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Vehicle Diagnostics Market
24.1. USA Vehicle Diagnostics Market Overview
24.2. USA Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Vehicle Diagnostics Market
25.1. Canada Vehicle Diagnostics Market Overview
25.2. Canada Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Vehicle Diagnostics Market
26.1. South America Vehicle Diagnostics Market Overview
26.2. South America Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Vehicle Diagnostics Market
27.1. Brazil Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Vehicle Diagnostics Market
28.1. Middle East Vehicle Diagnostics Market Overview
28.2. Middle East Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Vehicle Diagnostics Market
29.1. Africa Vehicle Diagnostics Market Overview
29.2. Africa Vehicle Diagnostics Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Vehicle Diagnostics Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Vehicle Diagnostics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Vehicle Diagnostics Market Competitive Landscape and Company Profiles
30.1. Vehicle Diagnostics Market Competitive Landscape
30.2. Vehicle Diagnostics Market Company Profiles
30.2.1. DENSO Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Continental AG
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. BorgWarner Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Snap-on Incorporated
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. ACTIA Group
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Vehicle Diagnostics Market Other Major and Innovative Companies
31.1. AVL List GmbH
31.2. OnStar LLC
31.3. SPX Corporation
31.4. VOXX International Corporation
31.5. KPIT Technologies
31.6. Launch Tech Co. Ltd.
31.7. Telemotive AG
31.8. Repairify Inc.
31.9. ETAS GmbH
31.10. Magneti Marelli S.P.A.
31.11. Softing AG
31.12. General Technologies Corporation
31.13. DSA Daten- und Systemtechnik GmbH
31.14. Autologic Diagnostics Ltd.
31.15. Hickok Incorporated
32. Global Vehicle Diagnostics Market Competitive Benchmarking33. Global Vehicle Diagnostics Market Competitive Dashboard34. Key Mergers and Acquisitions in the Vehicle Diagnostics Market
35. Vehicle Diagnostics Market Future Outlook and Potential Analysis
35.1 Vehicle Diagnostics Market in 2028 - Countries Offering Most New Opportunities
35.2 Vehicle Diagnostics Market in 2028 - Segments Offering Most New Opportunities
35.3 Vehicle Diagnostics Market in 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Vehicle Diagnostics Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on vehicle diagnostics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for vehicle diagnostics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vehicle diagnostics market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) by Product Type: OBD2 Scanner; Multi-System Auto Diagnostic Tool; OBDII Scanner Bluetooth Automotive ECU Coding Diagnostic Tool; OBD2 Car Code Reader/scan Tool; OBD2 Adapter Check Engine Diagnostic Tool; Smartphone Diagnostic Tool; Other Products.
2) by Vehicle Type: Light-Duty Vehicle; Commercial Vehicle; Heavy Commercial Vehicle
3) by Equipment Type: Exhaust Gas Analyzer; Wheel Alignment Equipment; Headlight Tester; Paint Scan Equipment; Dynamometer.
4) by Application: Automatic Crash Notification; Vehicle Tracking; Vehicle Health Alert; Roadside Assistance.

Key Companies Mentioned: DENSO Corporation; Continental AG; BorgWarner Inc; Snap-on Incorporated; ACTIA Group

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • DENSO Corporation
  • Continental AG
  • BorgWarner Inc
  • Snap-on Incorporated
  • ACTIA Group
  • AVL List GmbH
  • OnStar LLC
  • SPX Corporation
  • VOXX International Corporation
  • KPIT Technologies
  • Launch Tech Co. Ltd
  • Telemotive AG
  • Repairify Inc
  • ETAS GmbH
  • Magneti Marelli S.P.A
  • Softing AG
  • General Technologies Corporation
  • DSA Daten- und Systemtechnik GmbH
  • Autologic Diagnostics Ltd
  • Hickok Incorporated
  • AVL DiTEST GmbH
  • Vector Informatik GmbH
  • Vidiwave Limited
  • Autel Intelligent Technology Corp. Ltd
  • Robert Bosch GmbH

Methodology

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Table Information