Asia-Pacific Region is Estimated to Grow at a Highest CAGR of 6.2% In Automotive Diagnostic Scan Tools Market

Date: 2015-08-10

“Increasing complexity in vehicles, with rising intrusion of electronics, has resulted in demand for tools and equipment, which offer quick and accurate diagnosis of the problems in a vehicle. The automotive diagnostic scan tools market is expected to see substantial growth in countries such as China, India, and Mexico, following stringent emission regulations and growing number of automotive workshops. This has encouraged manufacturers to develop different diagnostic scan tools based on the requirement of the end-user. The diagnostic equipment segment is estimated to dominate the automotive diagnostic scan tools market in terms of value, followed by diagnostic software and repair & diagnostic data segments.

The market in the Asia-Pacific region is estimated to grow at a highest CAGR of 6.2% by value from 2015 to 2020. Growing number of independent aftermarket repair shops, increasing complexity in the vehicle electronics, and stringent emission norms are the factors fostering growth of global automotive diagnostic scan tools market.
This report, segments the automotive diagnostic scan tools market into following types: by product type (diagnostic equipment, diagnostic software, and repair & diagnostic data), by application (passenger car, commercial vehicle), and by region (Europe, North America, Asia-Pacific, and ROW). The key players in the automotive diagnostic scan tools market have also been identified and profiled.

This report classifies and defines the global automotive diagnostic scan tools market size, in terms of volume and value. Market size, in terms of volume, is provided in thousand units from 2013 to 2020, while the market size by value is provided in terms of USD Million.

The automotive diagnostic scan tools market is dominated by a few major players such as, Robert Bosch Gmbh (Germany), Actia Automotive (France), Delphi Automotive (U.K.), and Softing (Germany) .The key strategies adopted by these key market players include new product launches, agreements/joint venture, and mergers & acquisitions.

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