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Automotive Diagnostic Scan Tools Market Worth 5.02 Billion USD by 2020


News provided by

MarketsandMarkets

06 Aug, 2015, 17:30 GMT

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CHICAGO, August 6, 2015 /PRNewswire/ --

The report "Automotive Diagnostic Scan Tools Market by Product Type (Diagnostic Equipment, Diagnostic Software, and Repair & Diagnostic Data), Application (Passenger Car, Commercial Vehicle), & by Region (Europe, North America, Asia-Pacific, RoW) - Forecast to 2020" published by MarketsandMarkets, The global Automotive Diagnostic Scan Tools Market is estimated to grow at a CAGR of 5.6% from 2015 to 2020, growing from USD 3.83 Billion in 2015 to USD 5.02 Billion by 2020.

Browse 71 Tables and 51 Figures spread through 177 Pages and in-depth TOC on "Automotive Diagnostic Scan Tools Market"

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

Early buyers will receive 10% customization on this report. 

The market report classifies and defines the Automotive Diagnostic Scan Tools Market in terms of value and volume. The report highlights potential growth opportunities in the coming years as well as offers a review of the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to the Automotive Diagnostic Scan Tools Market. It identifies the key market trends for new technologies and their adoption scenario for the next five years. It also focuses on key market players and their strategies, along with recent developments.

Ask of Brief Illustration of this Report: http://www.marketsandmarkets.com/pdfdownload.asp?id=1299

Europe: High Volume Market 

The European region comprises developed countries, such as Germany, France, the U.K., and Italy.  Customer demand for improved, accurate, and quick diagnosing tools is driving the Automotive Diagnostic Scan Tools Market. Fully touch screen and automated diagnose tools are being adopted in developed countries of Europe such as Germany. Manufacturers such as Robert Bosch GMBH (Germany), Delphi Automotive PLC (U.K.), and Actia Automotive (France) are some of the dominant players in this region that are expected to drive the development in the Automotive Diagnostic Scan Tools Market.

Diagnostic Software: To show high growth potential 

The global automotive diagnostic software market is expected to grow at a high CAGR of 7.5% during the next five years, given the increasing number of software updates coupled with the rising number of new vehicle models every year. However, the automotive diagnostic software market of Asia-Pacific is expected to show high growth in the next five years followed by North America and Europe. This can be attributed to the growing number of vehicle workshops with the increasing vehicle population in the Asia-Pacific region.

The market is further estimated to grow with the rising population of cars after the economic downturn. The market in Europe is projected to witness a higher growth for diagnostic software rather than diagnostic equipment, similar trend is seen in North America, Asia-Pacific, and RoW regions, where market is estimated to favor high growth for diagnostic software over diagnostic equipment segments.

This report also covers technical aspects of diagnostic scan tools with respect to technology and its adoption by different OEMs across the globe. It includes a PESTLE analysis, value chain analysis, Porter's Five Forces analysis, the competitive landscape, product life cycle, pricing trends of diagnostic scan tool, and company profiles of 10 key players of the Automotive Diagnostic Scan Tools Market.

Europe and North America are key markets with a number of diagnostic scan tools manufacturers such as Robert Bosch GMBH (Germany), ACTIA (France), and Noregon (U.S.).

Browse related reports: 

Automotive Test Equipment Market by Vehicle Type (Light Vehicles, Heavy Vehicles), Product (Engine Dynamometer, Chassis Dynamometer, Vehicle Emission Test System, Wheel Alignment Tester), by Geography - Global Trends and Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/automotive-test-equipment-market-195601617.html

Automotive Fuel Injection Systems Market by Technology (Port Fuel, Gasoline Direct, & Direct Diesel), Fuel Type (Gasoline & Diesel), Region (APAC, Europe, North America, & RoW), Vehicle Type (PC, LCV, & HCV), and by Component - Trends & Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/Multi-Fuel-Injection-System-Market-606.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M's flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
1 South Dearborn Street,
21st Floor , Chicago, 
Illinois, 60603,
United States
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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