The North America Automotive Diagnostic Scan Tools Market would witness market growth of 4.0% CAGR during the forecast period (2021-2027).
Automotive diagnostic scan tools are a collection of electronic equipment and software that serve as an interface with car diagnostic systems. Because of the movement in customer choice from manual to sophisticated automated diagnostics systems, the relevance of diagnostic scan instruments in vehicles is fast expanding. Automated diagnostic scan tools are utilized to detect and analyse electronic system problems in automobiles. Therefore, this is quite crucial for automotive consumers to address the difficulties in automobiles. These instruments also allow for the reprogramming and upgrading of control modules in vehicles.
Diagnostic scan tools, like all other automobile components, have evolved with the advent of technology. Today's diagnostic scan equipment are extremely efficient and sophisticated, capable of analysing complicated codes while running diagnostics on the vehicle's powertrain, body, and chassis. These tools are often found in service stations for all sorts of automobiles.
North America includes developed nations such as the United States, Mexico, and Canada. North America is a major hub for several well-known OEMs that are known for producing high-quality, high-performance automobiles. The United States is predicted to be the forerunner in the automotive diagnostic scan tools market and will be the fastest-growing market throughout the forecast period. Because of its technological dominance, the United States has been able to offer improved diagnostic scan instruments with complex software. Growth in the diagnostic software market in North America is further aided by severe safety and fuel economy standards, as well as the installation of electronics-based driving safety and comfort technologies. The challenges involved in operating these diagnostic scan equipment, including its price, which may be out of reach for many customers throughout the world, are restricting the market's growth.
The US market dominated the North America Automotive Diagnostic Scan Tools Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8,515.2 million by 2027. The Canada market is exhibiting a CAGR of 6.4% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 5.5% during (2021 - 2027).
Based on Type, the market is segmented into Professional Diagnostics, OEMs Diagnostics and DIY Diagnostics. Based on Workshop Equipment, the market is segmented into Dynamometer, Headlight Tester, Fuel Injection Diagnostic, Engine Analyzer, Wheel Alignment Equipment, Pressure Leak Detection, Paint Scan Equipment and Exhaust Gas Analyzer. Based on Connectivity, the market is segmented into USB, Wi-Fi, Bluetooth. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Offering Type, the market is segmented into Diagnostic Equipment/Hardware and Diagnostic Software. Based on Handheld Scan Tools, the market is segmented into Digital Pressure Tester, Scanner, TPMS Tools, Battery Analyzer and Code Readers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Diagnostic Scan Tools Market is Estimated to reach $42.8 Billion by 2027, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Siemens AG, Continental AG, Denso Corporation, Horiba Ltd., SGS S.A., Snap-on, Inc., Fortive Corporation (Fluke Corporation), DG Technologies (Dearborn Group), and Noregon Systems, Inc. (Hearst Communications, Inc.)
By Type
By Workshop Equipment
By Connectivity
By Vehicle Type
By Offering Type
By Handheld Scan Tools
By Country
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