Automotive Diagnostic Scan Tools Market

Market Leader - Automotive Diagnostic Scan Tools Market

The automotive diagnostic scan tools market is projected to grow at a CAGR of 5.2% during the forecast period, to reach USD 52.9 billion by 2025. The rise in stringent emission norms to prevent environmental impact and the increase in demand of premium segment cars are the major factors boosting the growth of automotive diagnostic scan tools market globally.

The major players in the automotive diagnostic scan tools market include Bosch (Germany), Continental (Germany), Denso (Japan), Delphi (UK), Snap-On (US), Horiba (Japan), Actia (France), SGS (Switzerland), and Softing (Germany). These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to increase their presence in the global market. New product development was the key strategy adopted by leading players to gain traction in this market

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Bosch is a leading player in the global automotive diagnostic scan tools market. Through its mobility solutions segment, the company offers automotive diagnostic scan tools as well as workshop equipment tools. It has segmented diagnostic into three major segments namely, Professional Diagnostics (PRO), DIY Diagnostics (DIY), and Crash Data Retrieval (CDR). In September 2019, Bosch introduced FSA 740 now with measurement option for 48-volt systems and ergonomic trolley. By means of the technically enhanced FSA 7-series vehicle system analysis, Bosch now presents a measurement system including test routines for 48-volt on-board systems as well.

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. 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 February 2019, Continental launched a new universal service tool for tire pressure monitoring systems (TPMS). With the VDO TPMS Go device, workshops can not only program all common universal sensors for cars, but also read out nearly every TPMS sensor on the market. 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

Related Reports:

Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle, Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, TPMS Tool, Battery Analyzer), Offering, Connectivity, and Region - Global Forecast to 2025

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Report Code
AT 2179
RI Published ON
3/25/2020
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