The Asia Pacific Automotive Diagnostic Scan Tools Market would witness market growth of 4.8% CAGR during the forecast period (2021-2027).
The automotive diagnostic scan tools market is expanding due to a growth in the number of car workshops and an upsurge in vehicle production and sales. Adoption is expanding as a result of the increasing complexity of modern vehicle construction, increased passenger car sales, and severe regulatory rules governing emissions. Automotive software OEMs like as Continental AG, Robert Bosch GmbH, KPIT Technologies Limited and Delphi Technologies create and produce diagnostic scan tools that are largely universal and may be used in any vehicle. With the increasing usage of electric, connected, and hybrid cars, the number of electronic sensors and software in vehicles has expanded, converting the automobile sector from hardware machinery to software electronic devices. These changes have raised the danger of breakdowns owing to flaws in the programming codes that drive the vehicle control modules, boosting market demand.
The Asia-Pacific market, driven by China, is predicted to be the world's fastest-growing automotive market, with the presence of big markets like as India and Japan. Hyundai, Honda, and Toyota are among the region's manufacturing behemoths. Although all of the nations in the area have aligned national OBD requirements with worldwide norms, gaps in implementation exist in markets like as India.
The need for automotive diagnostic tools is likely to rise as manufacturers in China, Japan, and South Korea ramp up their R&D initiatives to develop hi-end automotive technologies like connected cars, electric vehicles and autonomous vehicles. The China 6 OBD rules are comparable to the California OBD II laws, but with minor differences that omit a few monitoring obligations to reduce compliance obligations on automakers. The China 6 regulations also include allowances for OBD system inadequacies, exempting automobiles from installing all monitoring systems. In 2002, Japan enacted legislation requiring the installation of basic OBD systems.
The China market dominated the Asia Pacific Automotive Diagnostic Scan Tools Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,337.9 million by 2027. The Japan market is anticipated to grow at a CAGR of 4.2% during (2021 - 2027). Additionally, The India market would experience a CAGR of 5.4% during (2021 - 2027).
Based on Type, the market is segmented into Professional Diagnostics, OEMs Diagnostics and DIY Diagnostics. Based on Workshop Equipment, the market is segmented into Dynamometer, Headlight Tester, Fuel Injection Diagnostic, Engine Analyzer, Wheel Alignment Equipment, Pressure Leak Detection, Paint Scan Equipment and Exhaust Gas Analyzer. Based on Connectivity, the market is segmented into USB, Wi-Fi, Bluetooth. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Offering Type, the market is segmented into Diagnostic Equipment/Hardware and Diagnostic Software. Based on Handheld Scan Tools, the market is segmented into Digital Pressure Tester, Scanner, TPMS Tools, Battery Analyzer and Code Readers. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Diagnostic Scan Tools Market is Projected to reach USD 42.8 Billion by 2027, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Siemens AG, Continental AG, Denso Corporation, Horiba Ltd., SGS S.A., Snap-on, Inc., Fortive Corporation (Fluke Corporation), DG Technologies (Dearborn Group), and Noregon Systems, Inc. (Hearst Communications, Inc.)
By Type
By Workshop Equipment
By Connectivity
By Vehicle Type
By Offering Type
By Handheld Scan Tools
By Country
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