The global automotive diagnostic tools market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period. The major factor boosting the market growth includes the rising globalization of automotive industries. The automotive market is one of the biggest markets and has been growing for years which has increased the number of market players. Along with market giants, local market players are also growing, and globalizing for their expansion. For instance, Nio, Inc., an electric vehicle company, has expanded its business globally in just 8 years, since its foundation. This has increased the importance of automotive diagnostic tools as these vehicle works on different software, and with different technologies which make it hard to find and resolve vehicle issue for a technician unknown to the technology.
Browse the full report description of “Automotive Diagnostic Tools Market Size, Share & Trends Analysis Report by Type (On-Board Diagnostics (OBD), Electric System Analyzer, and Scan Tool), by Product Type (Diagnostic Equipment/Hardware, and Diagnostic Software), and by Vehicle Type (Passenger Vehicles, and Commercial Vehicles) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/automotive-diagnostic-tools-market
This has necessitated an automotive diagnostic tools kit for every market player. Hence, the key market players operating within the automotive diagnostic tools market are adopting several strategies including collaborations, partnerships, mergers, and others to stay competitive in the market. For instance, in March 2021, ACTIA group and ARGO Tractors announced their collaboration and have begun working on implementing telematics and remote diagnostics in tractors. They have developed technological content and strategies for more sustainable and innovative agriculture. Moreover, in February 2020, Hella Gutmann Solutions (HGS) designed 2 diagnostic packages for making products more affordable for workshops. The Mega macs PC has access fully to HGS technical data, with symptom-based troubleshooting, wiring diagrams, and step-by-step repair guides for more than 40,000 vehicle models.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Product Type
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Bosch Automotive Service Solutions, Inc., Continental Automotive GmbH, Delphi Powertrain Systems Operations Luxembourg S. à r.l., DENSO Corp., Snap-on Inc. group, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive Diagnostic Tools Market Report Segment
By Type
By Product type
By Vehicle Type
Global Automotive Diagnostic Tools Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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