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Diagnostic Tools and Workshop Equipment Market Trends

  • Report ID: 2871
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Global Diagnostic Tools and Workshop Equipment Market

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
  2. Research Methodology
    1. Research Objective
    2. Research Process
      1. Secondary Research
      2. Market Size Estimation
      3. Primary Research
        1. Diagnostics Tools and Workshop Equipment Manufacturers
        2. Automotive Workshops
  3. Executive Summary – Global Diagnostic Tools and Workshop Equipment Market
  4. Analyst Recommendation
  5. Analysis of Market Dynamics
    1. Drivers
    2. Restrains
    3. Opportunities
    4. Trends
  6. COVID-19 Impact Analysis on the Global Diagnostic Tools and Workshop Equipment Market
  7. Automotive Industry Analysis
    1. Vehicle Production and Sales, 2015-2019
    2. Number of Vehicles on Road, 2015-2019
    3. Major Automotive Players and Market Share, 2019
  8. Opportunity Analysis
    1. Number of Workshops
    2. Annual Maintenance Cost
    3. Number of Vehicle Requiring Maintenance
    4. Total Aftermarket Spending
    5. Other factors
  9. Vehicle PARC Analysis
    1. Average Age (Years)
    2. Vehicles on Road
  10. Pricing Analysis
  11. Global Diagnostic Tools and Workshop Equipment Market
  12. Global Diagnostic Tools and Workshop Equipment Market Segmentation by:
    1. Category, 2019-2028F (USD Million)
    2. Product, 2019-2028F (USD Million)
    3. Connectivity, 2019-2028F (USD Million)
    4. Application, 2019-2028F (USD Million)
    5. Vehicle Type, 2019-2028F (USD Million)
    6. Sales Channel, 2019-2028F (USD Million)
    7. End User, 2019-2028F (USD Million)
    8. Region, 2019-2028F (USD Million)
      1. North America Diagnostic Tools and Workshop Equipment Market
      2. Europe Diagnostic Tools and Workshop Equipment Market
      3. Asia Diagnostic Tools and Workshop Equipment Market
      4. South East Asia Diagnostic Tools and Workshop Equipment Market
      5. Latin America Diagnostic Tools and Workshop Equipment Market
      6. Middle East and Africa Diagnostic Tools and Workshop Equipment Market
  13. Competitive Analysis
    1. Robert Bosch Ltd.
    2. BorgWarner Inc.
    3. AVL DiTEST GmbH
    4. DENSO CORPORATION
    5. TEXA S.p.A.
    6. Continental AG
    7. Snap-on Incorporated
    8. ACTIA Group
  14. Primary Interview Analysis

Diagnostic Tools and Workshop Equipment Market Trends

Growth Indicators

  • Stringent Norms to Reduce Carbon Footprint from Vehicles to Drive the Market Growth
    Backed by the growing sales of vehicles worldwide, there is a growing concern for reducing exhaust emissions from vehicles. As a result, there is a rising need amongst vehicle owners to frequently diagnose their vehicles, which in turn is driving the increase in the adoption of advanced diagnostic tools and workshop equipment. On the other hand, vehicle manufacturers are increasingly adopting advanced automotive technologies for better vehicle performance, which is raising the need amongst the vehicle diagnostic workshop owners to upgrade their existing diagnostic equipment. Automobile workshop equipment suppliers are also focusing on delivering modern diagnostic tools to the workshop owners, which is also anticipated to drive the market growth in the coming years. Moreover, varying emission standard norms across countries worldwide, along with the need amongst automotive manufacturers to comply with the emission regulations and standards are some of the additional factors anticipated to drive the market growth in the coming years.

Challenges

  • High Cost of Advanced Technology Equipment for Automotive Application
    The cost of equipment used for the diagnostics of automobiles has increased significantly over the years, backed by the growing use of electronic systems and model-based development in the automotive industry. Diagnostic software and tools, such as OBD2 (OBD-II) software, antilock braking system (ABS) calibration systems, electronic brake-force distribution (EBD) testing, and calibration systems, and others, along with automotive diagnostic scan tools, such as automotive paint inspection equipment, vehicle emission testing systems, and others, often cost very high and also require high assistance cost, which is further anticipated to hamper the diagnostic tools and workshop equipment market growth in the coming years.

Diagnostic Tools and Workshop Equipment Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

3.6%

Base Year Market Size (2023)

USD 44.38 billion

Forecast Year Market Size (2036)

USD 70.29 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Richa Gupta


  • Report ID: 2871
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of diagnostic tools and workshop equipment is estimated at USD 45.66 billion.

Diagnostic Tools and Workshop Equipment Market size was valued at USD 44.38 billion in 2023 and is likely to cross USD 70.29 billion by 2036, expanding at more than 3.6% CAGR during the forecast period i.e., between 2024-2036.

North America industry is expected to dominate majority revenue share of 32% by 2036

The major players in the market are BorgWarner Inc., Robert Bosch Ltd., AVL DiTEST GmbH, TEXA S.p.A., ACTIA Group, Snap-on Incorporated, Continental AG, and others.
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