HOME Research Insight Continental (Germany) and Robert Bosch (Germany) are the Important Player in the Automotive Diagnostic Scan Tools Market

Continental (Germany) and Robert Bosch (Germany) are the Important Player in the Automotive Diagnostic Scan Tools Market

The automotive diagnostic scan tools market is projected to grow at a CAGR of 5.02% during the forecast period, from an estimated market size of USD 37.42 billion in 2018 to USD 52.73 billion by 2025. Increased demand for high-end vehicles and the growing stringency of emission regulations have changed the market dynamics for automotive diagnostic scan tool manufacturers. Along with this, the leading OEMs are also adopting collaboration strategies with local players to expand their product base and customers. The above-mentioned factors are driving innovations in automotive technologies and products, such as diagnostic software.

Asia Pacific accounts for the largest market share in the automotive diagnostic scan tool market, followed by Europe and North America, where the demand for higher end, faster, and technologically advanced diagnostic scan tools is high. China holds the maximum share of the Asia Pacific market for automotive diagnostic scan tools. Factors such as rising government legislation for tracking emissions of a vehicle and growing importance of on-board diagnosis of the vehicle have collectively boosted the demand for the diagnostic scan tools. Alternatively, high pricing of diagnostic scan tools and comparatively low understanding of high-end technology has restrained the automotive diagnostic scan tool market globally.

To know the Insights download the pdf brochure

Top players involved in the automotive diagnostic scan tools market include Robert Bosch (Germany), Continental (Germany), Denso (Japan), Delphi (UK), Snap-On (US), AVL (Austria), and KPIT (India). Robert Bosch GmbH is one of the major automotive diagnostic scan tools suppliers and is engaged in the production and sale of diagnostic software too. In September 2016, it presented the connected repair software solution, which is capable of connecting all service equipment by Bosch. This development by the company eased the process of diagnosing loopholes in the electronic architecture for the automotive technician.

Another important player in the automotive diagnostic scan tools market is Continental (Germany). The company is engaged in the development and production of automotive diagnostic scan tools for automotive OEMs. Primarily, this company has diversified its operational area among its two business divisions-automotive group and rubber group. Automotive group includes the segments like chassis & safety, powertrain, and interior, while rubber group comprises tires and ContiTech. The automotive product portfolio of Continental comprises products and services for passenger cars, trucks and buses, agricultural vehicles, construction vehicles, automotive marine solutions, and two wheelers. The company has also developed and launched various products to keep pace with the technological advancements in the industry. In September 2017, the company introduced a new generation brake fluid test equipment BFCS 300, which made the testing process more user friendly.

Other major players in the diagnostic scan tools market for automotive are mainly focusing on expanding their regional presence to achieve continuous and sustainable development. This is evident from several collaborations and joint venture projects these companies have undertaken in recent years.

Related Reports:

Automotive Diagnostic Scan Tools Market by Type (Diagnostic Equipment Hardware, Diagnostic Software, Repair & Diagnostic Data), Equipment type (Wheel Alignment Tester, Handheld Tread Depth, Digital Battery Tester), Vehicle Type - Global Forecast to 2021

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports