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Automotive Diagnostic Scan Tools Market Worth 52.73 Billion USD by 2025

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News provided by

MarketsandMarkets

23 Jul, 2018, 10:30 GMT

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PUNE, India, July 23, 2018 /PRNewswire/ --

According to a new market research 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 2025", published by MarketsandMarkets™, the global market is estimated to be USD 37.42 billion in 2018 and is projected to reach a market size of USD 52.73 billion by 2025, growing at a CAGR of 5.02% during the forecast period.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 67 Tables and 54 Figures spread through 153 Pages and in-depth TOC on "Automotive Diagnostic Scan Tools Market"

https://www.marketsandmarkets.com/Market-Reports/automotive-diagnostic-scan-tools-market-1299.html

Early buyers will receive 10% customization on this report 

The major factors behind the growth of the global Automotive Diagnostic Scan Tools Market are the growing complexity in connected cars, stringent emission norms being introduced by the governments, and the rising demand from increasing automotive workshops globally.

The digital pressure tester segment is estimated to be the largest growing market in the Automotive Diagnostic Scan Tools Market during the forecast period, by handheld scan tools  

The digital pressure tester segment is estimated to witness the largest growth in the Automotive Diagnostic Scan Tools Market because of the rising demand from automotive repair shops in organized as well as unorganized markets. Also, the increasing demand for commercial vehicles is boosting the demand for digital pressure tester in the market globally.

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1299

The passenger car segment is estimated to be the fastest growing market in the Automotive Diagnostic Scan Tools Market during the forecast period, by vehicle type  

The passenger car segment is estimated to be the fastest growing segment, by value, of the Automotive Diagnostic Scan Tools Market during the forecast period. The large pool of consumers for the passenger car segment and high demand for premium passenger cars have contributed to the growth of the passenger car segment in the Automotive Diagnostic Scan Tools Market.

Asia Pacific is estimated to be the fastest growing regional market for Automotive Diagnostic Scan Tools Market  

The Asia Pacific region is projected to be the 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 has boosted the demand for passenger vehicles as well as commercial vehicles, which, in turn, would trigger the growth of the Automotive Diagnostic Scan Tools Market in the region.

Furthermore, the report encompasses different strategies, such as mergers and acquisitions, partnerships and collaborations, and product upgradations, adopted by major players to increase their share in the Automotive Diagnostic Scan Tools Market. Some of the major technology vendors include Denso (Japan), Bosch (Germany), Delphi (UK), Continental (Germany), Snap-on (US), KPIT (India) and Siemens (Germany).

Know more about the Automotive Diagnostic Scan Tools Market: 

https://www.marketsandmarkets.com/Market-Reports/automotive-diagnostic-scan-tools-market-1299.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-diagnostic-scan-tools-market.asp

Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets

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