The Europe Automotive Diagnostic Scan Tools Market would witness market growth of 3.8% CAGR during the forecast period (2021-2027).
Automotive diagnostic tools is predicted to develop significantly during the forecast period due to factors such as rising complexity in vehicle construction and escalating electronic infiltration. As a result, there is a greater need for instruments and equipment that aid in the correct identification of automobile issues. Other factors driving market expansion include a rise in demand for automotive workshops, a customer preference for high-end technologically sophisticated vehicles, and OEM engagement with automotive diagnostic tools domestic businesses.
Today's diagnostic scan technologies are very efficient and sophisticated, capable of analysing complicated codes and conducting diagnostics on the vehicle's engine, body, and chassis. These tools are often found in service stations for all sorts of automobiles, from light consumer vehicles to the heavy consumer automobiles.
These tools are widely used, whether in a passenger car, a large commercial truck, or a light commercial vehicle. Vehicle electronic systems have advanced dramatically in recent times, making it simpler to identify any damage. Electronic systems get their own ways in recent years, where a large number of various instruments were used to evaluate a single automobile. This process had to be done by hand, that was both demanding and time consuming.
Europe is a hotspot for premium vehicles and automotive manufacturers. However, it has seen a drop in output and more competition from rising markets in Asia Pacific region and the rest of the world. In the region, stringent emission regulatory measures are being imposed to curb rising emission levels, which are driving the need for exhaust gas analyzers.
The Germany market dominated the Europe 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 $3,071.7 million by 2027. The UK market is poised to grow at a CAGR of 3.1% during (2021 - 2027). Additionally, The France market would witness a CAGR of 4.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive Diagnostic Scan Tools Market Size will Hit $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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