According to the market analysis report titled ‘Automotive Diagnostic Scan Tools Market Size By Offering (Diagnostic Hardware {Scanner, Code Reader, Tester, Analyzer}, Diagnostic Software {ECU Diagnosis Software, Vehicle Tracking and Emissions Analysis Software, Vehicle System Testing Software}, Diagnostic Services {Vehicle Maintenance and Repair, Custom, Training, Support, and Integration}), By Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance, Repair and Maintenance, Emission control), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Tool Type (Professional Diagnostic, DIY Diagnostic, OEMs Diagnostic), Industry Analysis Report, Regional Outlook (U.S., Canada, Russia, France, Germany, Italy UK, Spain, China, Japan, India, Australia, South Korea, Malaysia, Brazil, Mexico, Argentina, Chile, Africa, UAE, Saudi Arabia, Qatar, Oman), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’ available with MarketStudyReport, automotive diagnostic scan tools market is anticipated to exceed a valuation of USD 49 billion by 2025.

Stringent government regulations to reduce carbon footprint, mounting number of service stations and workshops, and increasing consumer preference for EVs and hybrid vehicles are the factors aiding the augmentation of automotive diagnostic scan tools market.

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Further, the complex nature of vehicle architecture necessitating quick and accurate fault detection, and emergence of advanced technologies like AI, AR and VR are propelling industry expansion.

Despite the positive outlook, lack of skilled labor, expensive nature of the equipment, and issues with compatibility may impede the growth trajectory of the market in the forthcoming years.

Based on vehicle type, the passenger vehicle sub-segment is expected to showcase a year-over-year growth rate of 5% during the review period, attributable to growing disposable income levels as well as increasing urbanization, booming population, and evolving consumer requirements.

In terms of tools, the DIY diagnostic segment of automotive diagnostic scan tools industry is anticipated to gain substantial traction during the analysis timeframe, creditable to its cost- effective nature, operational flexibility, emergence of user interface that focus of enhancing personal diagnostic experience, and improvements in DIY diagnostic scan tools.

By offering, diagnostic software segment is slated to record a CAGR of around 7% through 2025, ascribed to burgeoning demand for in-car infotainment system and passenger convenience.

Speaking of application scope, the repair & maintenance sub-segment accounted for 37% market share in 2018 and is expected to reach a renumeration scale of USD 16 billion by 2025. This development can be attributed to increasing number of new and old vehicles that require service and maintenance. In addition, penetration of third-party repair and maintenance workshops due to increasing focus on outsourcing diagnostic scan tool services among enterprises to expand consumer base and gain
their loyalty may contribute to segmental growth.

Geographically, Europe automotive diagnostic scan tools market, which held a revenue share of 34% in 2018, is anticipated to amass a valuation of USD 15 billion by 2025, due to high disposal income levels, prevalence of key players such as Audi AG, Volkswagen Group, Groupe Renault, and Porsche AG, combined with stringent norms with regards to carbon emissions in the region.

The competitive terrain of the marketplace is majorly influenced by companies such as Volvo Group, Volkswagen Group, Softing Inc., Snap-on Inc., Launch Tech UK, KPIT Technologies Ltd., Honda Motor Company Ltd., General Technologies Corporation, Fluke Corporation, DG Technologies, Denso Corporation, Delphi Automotive plc, Daimler AG, Continental AG, Bosch Automotive Service Solutions Inc., BMW AG, and Actia Group SA.