Global Diagnostic Tools and Workshop Equipment Market
Diagnostic Tools and Workshop Equipment Market size was over USD 45.98 billion in 2024 and is anticipated to cross USD 72.82 billion by 2037, witnessing more than 3.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of diagnostic tools and workshop equipment is estimated at USD 47.39 billion.
Growing advancements in automotive technology, along with the growing popularity of electric vehicles and the rising number of product launches w.r.t vehicle diagnostic equipment and professional automotive diagnostic software, are some of the key trends that are anticipated to create opportunities for the growth of the global diagnostic tools and workshop equipment market during the forecast period.
Automotive diagnostic tools and workshop equipment are designed to capture information with the aid of an on-board diagnostic (OBD) scanning system that can diagnose different vehicle subsystems and identify faults in them. The process of diagnosis also includes the utilization of additional hardware and software components that determine the faults by connecting to the vehicle through a data logger, laptop/desktop, and other tools. These vehicle scanning tools further aid the professional vehicle mechanic with live data, which helps them to identify the flaw of the engine, battery, fuel system, transmission, or any other electronic components of the vehicle systems.
The global diagnostic tools and workshop equipment market is further anticipated to grow during the forecast period on account of the numerous opportunities generated by the emergence of next-generation vehicles, along with the growing focus of automobile manufacturers for adopting advanced OBD diagnostic tools and software.
Growth Indicators
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
3.6% |
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Base Year Market Size (2024) |
USD 45.98 billion |
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Forecast Year Market Size (2037) |
USD 72.82 billion |
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Regional Scope |
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By Vehicle Type
The global diagnostic tools and workshop equipment market is segmented by vehicle type into two-wheeler, three-wheeler, and four-wheeler. The four-wheeler segment is further bifurcated into passenger cars and commercial vehicles. Out of these, the passenger cars segment is projected to hold the largest market share by the end of 2028 owing to the higher sales of passenger cars, along with the increasing advancements and adoption of advanced technologies in passenger cars. Additionally, stringent norms of the government for vehicle testing, which is raising the need amongst individuals to diagnose their vehicles frequently, is also anticipated to drive the growth of the segment in the coming years.
The diagnostic tools and workshop equipment market is further segmented by category into hand-held and station-mounted. Out of these, the hand-held segment is projected to grow with the highest CAGR of 4.1% during the forecast period. The hand-held automotive diagnostic tools include code readers, professional OBD scanners, tire pressure gauges, multi-meters, circuit testers, and others. Hand-held tools are easy to use and hence they are widely adopted by the end-users. On the other hand, the station-mounted automotive diagnostic tools include a wide range of garage equipment, such as advanced driver assistance system (ADAS) calibration, headlight testing and calibration, brake test, and others.
The global diagnostic tools and workshop equipment market is further segmented by product into exhaust emission testing, diagnostic tools, measurement tools, headlight calibration, ac system recharging, ADAS calibration, and battery management. Out of these, the exhaust emission testing segment is projected to grab the largest market share of 25.64% by the end of 2025. Furthermore, the market is segmented by connectivity into mechanical and electronics, out of which, the electronics segment is projected to grow with the highest CAGR during the forecast period. The market is also segmented on the basis of application into measurement & calibration, and testing & diagnostic, out of which, the testing & diagnostic segment is projected to grab the largest market share by the end of 2036. Additionally, the global diagnostic tools and workshop equipment market is segmented by sales channel into original equipment supplier (OES) and independent aftermarket (IAM). Among these segments, the original equipment supplier (OES) segment is anticipated to grow with the highest CAGR of 4.2% during the forecast period. Further, the market is also segmented by end-user into OEM authorized workshops and independent workshops, out of which, the independent workshops segment is forecasted to h0ld the largest market share by the end of 2021.
Our in-depth analysis of the global diagnostic tools and workshop equipment market includes the following segments
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Category |
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Product |
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Connectivity |
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Application |
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Vehicle Type |
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End-User |
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North America industry is predicted to hold largest revenue share of 32% by 2037, North America industry is expected to dominate majority revenue share of 32% by 2037.The growth of the market in the region can be attributed to the increasing number of on-road vehicles, growth in the sales of new vehicles, along with the implementation of innovative, high-performance, and fuel-efficient technologies. Further, the increasing demand for connected vehicles in the region is anticipated to create numerous opportunities for both OEMs and workshop equipment providers. Such factors are anticipated to drive the growth of the market in North America.
On the other hand, the diagnostic tools and workshop equipment market in Europe is projected to cross USD 12,000 million by the end of 2028 owing to the increasing motorization rate in the region in several countries in the region, including nations such as Luxembourg, Italy, Poland, Estonia, Slovenia, and Germany among others, along with the continuous up-gradation in emission regulations for combustion engine vehicles by the regulatory bodies.
November 13, 2020: BorgWarner Inc. announced that it has expanded its Delphi Technologies Aftermarket portfolio by introducing a new vehicle diagnostic tool that would enable workshops to cater to new advanced driver-assistance systems (ADAS) technology.
Author Credits: Richa Gupta
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