Automotive Diagnostic Scan Tools Market 2020–2024 | Rising Number of Vehicle Workshops to Boost Growth | Technavio
Technavio has been monitoring the automotive diagnostic scan tools market and it is poised to grow by USD 2.50 billion during 2020–2024, progressing at a CAGR of over 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ACTIA Group, AVL List GmbH, CarMD.com Corp., Continental AG, Delphi Technologies Plc, DENSO Corp., Robert Bosch GmbH, Siemens AG, Snap-on Inc., and Softing AG are some of the major market participants. The rising number of vehicle workshops will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Rising number of vehicle workshops has been instrumental in driving the growth of the market.
Automotive Diagnostic Scan Tools Market 2020–2024: Segmentation
Automotive Diagnostic Scan Tools Market is segmented as below:
- Product
- Geography
- PC-based Tools
- Hand-held Tools
- APAC
- Europe
- North America
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43772
Automotive Diagnostic Scan Tools Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive diagnostic scan tools market report covers the following areas:
- Automotive Diagnostic Scan Tools Market Size
- Automotive Diagnostic Scan Tools Market Trends
- Automotive Diagnostic Scan Tools Market Industry Analysis
This study identifies the development of integrated vehicle health management as one of the prime reasons driving the automotive diagnostic scan tools market growth during the next few years.
Automotive Diagnostic Scan Tools Market 2020–2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the automotive diagnostic scan tools market, including some of the vendors such as ACTIA Group, AVL List GmbH, CarMD.com Corp., Continental AG, Delphi Technologies Plc, DENSO Corp., Robert Bosch GmbH, Siemens AG, Snap-on Inc., and Softing AG. Backed with competitive intelligence and benchmarking, our research reports on the automotive diagnostic scan tools market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
