Dublin, July 08, 2021 (GLOBE NEWSWIRE) -- The "Global Automotive Diagnostics Tools and Workshop Equipment Market Outlook 2028" report has been added to ResearchAndMarkets.com's offering.
The global automotive diagnostics tools and workshop equipment market is projected to grow with a CAGR of 3.7% over the forecast period, i.e., 2020-2028.
Factors such as the growing popularity of electric vehicles, along with the numerous opportunities generated by the rising number of product launches w.r.t vehicle diagnostic equipment and professional automotive diagnostic software, and the emergence of next-generation vehicles, are anticipated to contribute to the market growth during the forecast period.
Additionally, factors such as increasing motorization rate in several nations worldwide, coupled with the stringent government norms for curbing vehicular emission, which is raising the need amongst vehicle owners to frequently diagnose their vehicles and the automotive manufacturers to adapt advanced automotive technologies, are anticipated to drive the market growth in the coming years.
The global diagnostics tools and workshop equipment market consists of numerous segments, which include segmentation by category, product, application, vehicle type, sales channel, end-user, and by region. Based on category, the market is further bifurcated into hand-held and station-mounted, out of which, the hand-held segment is projected to grow with the highest CAGR of close to 4% during the forecast period. Code readers, professional OBD scanners, tire pressure gauges, multi-meters, circuit testers, and others, are some of the types of hand-held tools.
Based on regional analysis, the market is segmented into North America, Latin America, Europe, Asia, South East Asia and the Middle East & Africa. Among these regions, the market in Europe is projected to cross USD 12,000 million by the end of 2028. Increasing motorization rate in countries such as Luxembourg, Italy, Poland, Estonia, Slovenia, and Germany among others, is anticipated to drive the market growth in the region.
Some of the prominent players in the global diagnostics tools and workshop equipment market are BorgWarner Inc., Robert Bosch Ltd., AVL DiTEST GmbH, TEXA S.p.A., ACTIA Group, Snap-on Incorporated, Continental AG, and Denso Corporation.
Key Topics Covered:
Global Diagnostics Tools and Workshop Equipment Market
1. Market Definition
2. Research Methodology
3. Executive Summary - Global Diagnostics Tools and Workshop Equipment Market
4. Analyst Recommendation
5. Analysis of Market Dynamics
6. COVID-19 Impact Analysis on the Global Diagnostics Tools and Workshop Equipment Market
7. Automotive Industry Analysis
7.1. Vehicle Production and Sales, 2015-2019
7.2. Number of Vehicles on Road, 2015-2019
7.3. Major Automotive Players and Market Share, 2019
8. Opportunity Analysis
8.1. Number of Workshops
8.2. Annual Maintenance Cost
8.3. Number of Vehicle Requiring Maintenance
8.4. Total Aftermarket Spending
8.5. Other factors
9. Vehicle PARC Analysis
9.1. Average Age (Years)
9.2. Vehicles on Road
10. Pricing Analysis
11. Global Diagnostics Tools and Workshop Equipment Market
12. Global Diagnostics Tools and Workshop Equipment Market Segmentation
12.1. Category, 2019-2028F (USD Million)
12.2. Product, 2019-2028F (USD Million)
12.3. Connectivity, 2019-2028F (USD Million)
12.4. Application, 2019-2028F (USD Million)
12.5. Vehicle Type, 2019-2028F (USD Million)
12.6. Sales Channel, 2019-2028F (USD Million)
12.7. End User, 2019-2028F (USD Million)
12.8. Region, 2019-2028F (USD Million)
13. Competitive Analysis
Robert Bosch Ltd.
AVL DiTEST GmbH
For more information about this report visit https://www.researchandmarkets.com/r/ic4lde
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