Automotive Diagnostic Tool Industry

1. Summary Global Automotive Diagnostic Tool Industry Information Report, By Product Type (Diagnostic Equipment (Hardware), Diagnostic Software, Automotive Diagnostic Scan Tool Technology and Repair & Diagnostic Data), By Equipment type (Wheel alignment tester, Digital battery tester, Vehicle emission test system and Others), By Vehicle Type (Passenger Car, Commercial Vehicles) and By Region - Forecast To 2023 Automotive Diagnostic Tool Industry Analysis Market Research Future (MRFR)’s assessment indicates that the global Automotive Diagnostic Tool Industry has been projected to thrive at 5% CAGR during the forecast period 2017 to 2023. The increasing complexities in vehicle architecture are likely to drive the demand for diagnostic tools for timely and accurate detection of automotive faults. The release of standard regulations for ensuring minimum carbon emission is poised to catalyze the growth of the Automotive Diagnostic Tool Industry in the forthcoming years. It is expected to lead the introduction of advanced automotive diagnostic technologies over the assessment period. The increasing demand for high-end fully automatic vehicles is another major factor driving the proliferation of the Automotive Diagnostic Tool Industry over the next couple of years. Diagnostic tools facilitate early detection and rectification of faults before it causes much damage to vehicles. Also, the boom witnessed in the vehicle insurance industry is anticipated to reflect on the growth pattern of the Automotive Diagnostic Tool Industry. On the contrary, high input cost remains an impediment to market growth. Get Free Sample @ https://www.marketresearchfuture.com/sample_request/5245 Key Players Leading players profiled in the Automotive Diagnostic Tool Industry include Kpit Technologies (India), AVL List GmbH (Austria), Snap on Incorporated (U.S.), Actia SA (France), Hickok Incorporated (U.S.), Softing AG (Germany), SPX Corp (U.S.), Denso Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany) and others. May 2019- asTech has finally announced the news of signing an agreement that will provide calibration and vehicle diagnostic services to Fix Auto organization in the US. With the help of this partnership, the Fix Auto USA franchise locations can use asTech as the approved vendor for offering insurance partners and customers calibration services and vehicle electronics diagnostic services for both pre-repair as well as post-repair conditions. Market Segmentation

2. MRFR report offers a wide segmental analysis of the Automotive Diagnostic Tool Industry on the basis of product type, equipment type, and vehicle type. Based on product type, the Automotive Diagnostic Tool Industry is segmented into repair and diagnostic data, automotive diagnostic scan tool technology, diagnostic software and diagnostic equipment (hardware). Of these, the diagnostic software segment will have the largest share in the market over the assessment period. This growth is driven by an array of factors such as increase in software updates that is adopted via automotive service stations, use of various electronic components and increase in new automobile production. Based on equipment type, the Automotive Diagnostic Tool Industry is segmented into vehicle emission test system, digital battery tester, wheel alignment tester and others. Of these, the vehicle emission test system segment is predicted to dominate the market over the assessment period. This is owing to increase in the strict norms laid down by the government concerning vehicle emissions. Based on vehicle type, the Automotive Diagnostic Tool Industry is segmented into commercial vehicles and passenger car. Of these, the passenger car segment will lead the market over the assessment period. This is on account of increasing demand for premium passenger cars coupled with huge pool of customers for passenger cars. Regional Analysis By region, the Automotive Diagnostic Tool Industry covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America. Of these, the APAC region will account for the largest share in the market over the assessment period. This is owing to the increase in consumers preference for automobiles along with advanced technology. The strict standards laid down by the government that lay emphasis to control the level of emission from vehicles will also add to the growth of the market in this region. The developing countries especially Japan, China and India are highly prone to make the most of the easy to use and advanced diagnosis tools and equipment that again will propel the market growth over the assessment period. Access full Report @ https://www.marketresearchfuture.com/reports/automotive- diagnostic-tool-market-5245 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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