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(I-AutoNewsWire.com, December 15, 2018 ) The diagnostic equipment/hardware segment is estimated to be the largest segment, by value, of the automotive diagnostic scan tools market from 2018 to 2025. The growth of this segment can be attributed to the rise in the trend of integrating advanced features in vehicles and consumer preference for high-end cars.
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The automotive diagnostic scan tools market is estimated to be USD 37.42 billion in 2018 and is projected to reach USD 52.73 billion by 2025, at a CAGR of 5.02% from 2018 to 2025. The key growth drivers for the market are the rise in vehicle production and sales, increase in automotive workshops, and the trend of integrating advanced features in the vehicles.
Automotive Diagnostic Scan Tools Market, By Vehicle Type 1 Introduction 2 Passenger Cars 3 Commercial Vehicles (CV)
Automotive Diagnostic Scan Tools Market, By Electric Vehicle 1 Introduction 2 Battery Electric Vehicle (BEV) 3 Hybrid Electric Vehicle (HEV) 4 Plug-In Hybrid Electric Vehicle (PHEV) 5 Fuel Cell Electric Vehicle (FCEV)
Automotive Diagnostic Scan Tools Market, By Propulsion 1 Introduction 2 Ice Vehicle 3 Electric Vehicle
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The automotive diagnostic scan tools market during the forecast period. The growth of this segment can be attributed to the high vehicle parc and the rising demand for premium vehicles. However, the electric vehicles (EVs) segment is projected to grow at the highest CAGR during the forecast period. It is expected to remain an attractive market in the near future due to the increase in demand for EVs.
Premium Insights 1 Attractive Opportunities in the Automotive Diagnostic Scan Tools Market 2 Market Share of the Automotive Diagnostic Scan Tools Market, By Country 3 Automotive Diagnostic Scan Tools Market, By Offering Type 4 Automotive Diagnostic Scan Tools Market, By Propulsion 5 Automotive Diagnostic Scan Tools Market, By Ev Type 6 Automotive Diagnostic Scan Tools Market, By Vehicle Type 7 Automotive Diagnostic Scan Tools Market, By Workshop Equipment 8 Automotive Diagnostic Scan Tools Market, By Handheld Scan Tools 9 Automotive Diagnostic Scan Tools Market, By Region
Access Discount of 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 2025 at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=271793 .
Global automotive diagnostic scan tools market size, in terms of volume and value. The market volume is provided in terms of thousand units , where as the market value is provided in terms of USD Million. Report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, & key issues in the global automotive diagnostic scan tools market.
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows: • By Company Type - Tier 1 - 45 %, Tier 2 - 35%, Tier 3 - 20% • By Designation - C level - 35%, D level - 25%, Others - 40% • By Region - North America - 30%, Europe - 25%, Asia-Pacific - 40%, RoW- 5%
However, the diagnostic software segment is projected to grow at the fastest rate during the forecast period. This growth is attributed to software subscription required to update the software after the completion of one year.
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Source: EmailWire.Com
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