Automotive Diagnostic Scan Tools Market

Automotive Diagnostic Scan Tools Market worth $57.4 billion by 2027

The report "Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle (Passenger & Commercial), Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, Battery Analyzer), Offering, EV Type, Propulsion, and Region - Global Forecast to 2027" The Automotive Diagnostic Scan Tools Market is estimated to be USD 38.9 billion in 2019 and is projected to reach a market size of USD 57.4 billion by 2027, growing at a CAGR of 5.0% during the forecast period.

Browse 67 market data Tables and 54 Figures spread through 153 Pages and in-depth TOC on "Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle (Passenger & Commercial), Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, Battery Analyzer), Offering, EV Type, Propulsion, and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automotive-diagnostic-scan-tools-market-1299.html

Digital pressure tester is estimated to be the largest segment of the automotive diagnostic scan tools market

Digital pressure tester is estimated to hold the largest share in the automotive diagnostic scan tools market because of the rising demand in automotive repair shops in organized as well as unorganized markets. Also, the increasing fleet of commercial vehicles is expected to drive the growth of digital pressure tester market.

Passenger car is estimated to be the fastest growing segment of automotive diagnostic scan tools market during the forecast period

The passenger car segment is estimated to be the fastest growing segment of the automotive diagnostic scan tools market during the forecast period. Factors such as the increasing sales of passenger cars and rising demand for premium segment cars are driving the growth of the passenger car segment in the global market.

Asia Pacific is estimated to be the largest regional market for automotive diagnostic scan tools

The Asia Pacific region is projected to be the largest and fastest growing market for automotive diagnostic scan tools during the forecast period. The market growth in the region can be attributed to the rapid growth of the automotive sector in countries such as China, Japan, India, Thailand, and South Korea. Moreover, the improved lifestyle of consumers and rapid urbanization have boosted the demand for passenger cars and commercial vehicles, which, in turn, would trigger the growth of the automotive diagnostic scan tools market in the region.

The key players in the automotive diagnostic scan tools market are Bosch (Germany), Continental (Germany), Denso (Japan), Siemens (Germany), Delphi (UK), Snap-on (US), and KPIT (India).

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Report Code
AT 2179
PR Published ON
7/23/2018
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