North America Automotive Diagnostic Scan Tools Market – Size, Outlook, Trends and Forecast (2024

North America Automotive Diagnostic Scan Tools Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

In the regard to automotive, Electric systems have become prominent over the past few years. The electric systems were having their processes, involved with a large number of tools and done manually by consuming a lot of time in analysing single vehicle. Now systems are updated and are in a position to identify the damage and repair it. These tools are used in scanning the vehicle parts like powertrain, body and chassis and used in all types of service stations ranging from light consumer vehicles to heavy consumer vehicles.

North America Automotive Diagnostic Scan Tools Market Size:

North America Automotive Diagnostic Scan market is poised to reach the value of $7.42 billion in 2024 from $5.25 billion in 2018, growing with the CAGR of 5.73%. Key points like consumer focus on the high-end cars and increase in demand for automotive workshops, a collaboration of domestic players with leading vehicle manufacturers are accelerating this market growth. Automotive geospatial analytics market has opportunities like focus on detecting emission level according to the norms, acceptance of progress and innovations. Factors like the improper balance between high cost and smart diagnostic scan tools, advanced technology equipment having the high value, an inability of handling advanced technology are restricting the market growth.

North America Automotive Diagnostic Scan Tools Market Share:

Type, equipment, application and geographical regions are the segments present in the automotive diagnostic scan

North America Automotive Diagnostic Scan Tools Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

tools market. There are sub-segments like diagnostic data, repair & diagnostic data, diagnostic equipment and others are present by type. Automotive diagnostic scan tool technology is further classified into handheld scan tool, drivers supplementary vehicle instrumentation, PC/Laptop based scan tool, emission testing, mobile device based scan tool, vehicle telematics and data loggers. Diagnostic equipment is estimated to account for most significant market share owing to the demand for advanced diagnostic tools equipment and increased automotive production. Automotive scan tool technology is the fastest growing segment which is expected to have likely growth owing to the usage and technological advancements. Wheel alignment equipment, automotive paint scan equipment, handheld tread depth equipment, digital battery tester and vehicle emission tester are the classifications based on the equipment type. The automotive vehicle emission tester is having the most significant market share owing to the increased number of service centres and workshops. Passenger vehicles and commercial vehicles are classified from the application. Commercial vehicles are having the most significant market share owing to the use of diagnostic scan tools. Geographical classification of the acquisition of

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North America Automotive Diagnostic Scan Tools Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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