Dublin, Feb. 26, 2024 (GLOBE NEWSWIRE) — The “Automotive Diagnostic Scan Tools Market Report by Offering Type, Tool Type, Propulsion Type, Vehicle Type, and Region 2024-2032” report has been added to ResearchAndMarkets.com’s offering. The market size reached US$ 37.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 59.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.38% during 2023-2032. The implementation of various government initiatives to enhance road safety is one key factor driving the market. Rising expenditure capacities of consumers and significant expansion in the automotive industry represent other important factors.
Automotive diagnostic scan tools refer to electronic devices used to diagnose any fault in the vehicle. They help to reprogram control modules for cars and detect and analyze electronic system malfunctions for various vehicles. Moreover, they are widely used to diagnose and troubleshoot issues in the engine, transmission, fuel system, and battery. They are also used to address problems in other electronic systems of vehicles. Automotive diagnostic scan tools are devices that connect to a vehicle’s onboard computer system. They read and clear diagnostic trouble codes (DTCs), display live data, and perform functions such as reprogramming and coding. They assist in reprogramming vehicle control modules and detecting and analyzing electronic system malfunctions for various passenger and commercial vehicles. As a result, these tools are used in car workshops and service stations by professionals and DIYers to diagnose and repair defects.
Automotive Diagnostic Scan Tools Market Trends:
The increasing vehicle complexity and the need for advanced diagnostics across the globe are among the key factors driving the market growth. Automotive diagnostic scan tools are widely used in modern vehicles to access and interpret data. These vehicles have a wide range of electronic systems and sensors equipped. Moreover, in line with this, the widespread product utilization in aftermarket repair and maintenance services to quickly and accurately diagnose and repair problems in a vehicle is favoring the market growth.
Additionally, the increasing electrification of vehicles is acting as one growth-inducing factor. The rising need for diagnostic scan tools that can communicate with a vehicle’s onboard computer and retrieve data in real-time is acting as another factor. Moreover, the utilization of onboard diagnostics II (OBD-II) tool propels market growth. This tool allows global positioning system (GPS) fleet tracking devices to record information like engine revolutions, fuel usage, fault codes, and vehicle speed.
Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global automotive diagnostic scan tools market. It also includes forecasts at the global, regional, and country level from 2023-2032. Our report has categorized the market based on offering type, tool type, propulsion type, and vehicle type.
The report has provided a detailed breakup and analysis of the automotive diagnostic scan tools market based on the offering type. This includes diagnostic hardware such as scanners, analyzers, testers, code readers, and others. Additionally, it encompasses diagnostic software like vehicle system testing software, vehicle tracking, emissions analysis, and others, along with diagnostic services such as vehicle maintenance and repair, customization, training, support, and integration. According to the report, diagnostic hardware represented the largest segment.
Tool Type Insights:
- DIY Diagnostic
- OEMS Diagnostics
- Professional Diagnostics
The report has provided a detailed breakup and analysis of the automotive diagnostic scan tools market based on the tool type. This also includes DIY, OEMS and professional diagnostics. According to the report, professional diagnostics represented the largest segment.
Propulsion Type Insights:
- IC Engine Vehicles
- Electric Vehicles
The report has provided a detailed breakup and analysis of the automotive diagnostic scan tools market based on the propulsion type. Moreover, this includes IC engine and electric vehicles. According to the report, IC engine vehicles represented the largest segment.
Vehicle Type Insights:
- Passenger Vehicle
- Commercial Vehicle
The report has provided a detailed breakup and analysis of the automotive diagnostic scan tools market based on the vehicle type. Furthermore, this includes passenger and commercial vehicles. According to the report, passenger vehicles represented the largest segment.
