Diagnostic Tools and Workshop Equipment Market Analysis

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 2022. 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