Last updated on April 18, 2014 at 21:21 EDT

Automotive Diagnostic Scan Tools Market Worth $3.8 Billion by 2018

December 13, 2013

DALLAS, December 13, 2013 /PRNewswire/ –

The report, “Automotive Diagnostic Scan Tools Market by Geography (U.S., Europe,
Asia-Pacific & ROW) & Product Type (Diagnostic Equipment, Diagnostic Software, & Repair &
Diagnostic Data) – Industry Trends & Forecast To 2018″, defines and segments the U.S. and
European Automotive Diagnostic Scan Tools Market with analysis and forecasting of their
respective values. The U.S. market for automotive diagnostic scan tools is estimated to
reach a value of $1.8 billion in 2018, whereas the European market is expected to grow to
$1.9 billion in 2018.

Browse 6 market data tables and 34 figures spread through 151 pages and in-depth TOC
on “Automotive Diagnostic Scan Tools Market – Industry Trends & Forecast to 2018″.


Early buyers will receive 10% customization on this report.

U.S. – Closing the Gap at a Faster Pace

In recent times, Europe was the largest market for automotive diagnostic scan tools
due to its large vehicle fleet equipped with complex electrical/electronic systems and the
number of new vehicle models launched annually. This has increased the development of more
advanced diagnostic scan tools which can diagnose faults in more than 40,000 vehicle
models. Slowly, the gap between the European and U.S. markets has reduced in the last few
years due to the increasing vehicle registrations, stringent emission norms, increased
fuel efficiency standards, and advanced technologies equipped in the vehicles. All these
factors call for the increased growth in the diagnostic scan tools market in the U.S. By
2018, it is estimated that U.S. would be very much near the European market in terms of
value. The market in Europe is expected to grow at a CAGR of 5.23% over the period from
2013 to 2018, whereas U.S. would grow at a CAGR of 5.75%.

Diagnostic Software – To Show High Growth Potential

The automotive diagnostic scan tools market in U.S. and Europe is dominated by the
diagnostic equipment product type, followed by diagnostic software and repair & diagnostic
data. In terms of growth rate, the market for diagnostic software is expected to show high
CAGR of 8.51% in the next five years. This can be attributed to the increasing number of
new vehicle models launched every year, the type of electronics present in the vehicles,
and the increasing number of software updates rolled out every year.

The report covers the independent aftermarket for the automotive diagnostic scan tools
in terms of value ($million) across regions such as U.S. and Europe. The report also
highlights few qualitative trends identifying the future prospects in the Asia-Pacific and
Rest of the World (ROW) markets. It explains the qualitative aspects of automotive
diagnostic scan tools with respect to technology and advancements over the course of time.
Apart from geographic segments, the U.S. and European markets are also segmented by
product type (Diagnostic Equipment, Diagnostic Software, and Repair & Diagnostic Data).

This report also shows an overview of the technological aspects of the OBD II in
automotive diagnostics. It also covers the value chain, Porter’s five forces analysis,
competitive landscape, and company profiles for major players in the market for automotive
diagnostic scan tools.

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Source: PR Newswire