Latest News- Automotive Diagnostic Scan Tools Market: Passenger vehicles is expected to lead the Vehicle Type segment during 2025-2029

The Automotive Diagnostic Scan Tools Market is being driven by Increasing complexity of modern vehicles

The Automotive Diagnostic Scan Tools Market is expected to grow at a CAGR of 6.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6790.3 billion. The global automotive diagnostic scan tools market is experiencing significant growth, with a focus on new product launches to cater to the industry's demand for innovation, advanced functionality, and user-friendly designs. XtoolOnline, a leading manufacturer, recently introduced eight new diagnostic tools, including the XTOOL D5, D5S, D6, D6S, and IP500 series. These tools offer multi-system diagnostics, brand-specific functions, and special service features, appealing to both professional technicians and entry-level users. XtoolOnline's commitment to long-term value and technological relevance is evident through their provision of lifetime free updates. These tools are engineered to deliver superior performance, connectivity, and ease of use, making them an essential investment for automotive professionals. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Vehicle Type
  • Passenger vehicles
  • Commercial vehicles
  • Electric vehicles
• Connectivity
  • Wired diagnostic tools
  • Wireless diagnostic tools
• Channel
  • OEM authorized service centers
  • Independent garages
  • Mobile mechanics
• Product
  • PC-based tools
  • Hand-held tools
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing complexity of modern vehicles
• Stringent emission and safety regulations
• Growth in vehicle sales and aftermarket services

However, the market also witnesses some limitations, which are as follows:

• High cost of advanced diagnostic tools
• Shortage of skilled technicians
• Presence of counterfeit and low-quality diagnostic tools

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Market Scope in Automotive Diagnostic Scan Tools Market Research Report

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Research Analysis Overview

The Automotive Diagnostic Scan Tools Market encompasses tools adhering to SAE J2534 standards, enabling communication with various diagnostic protocols. These tools facilitate real-time data acquisition of diagnostic data streams, bi-directional ECU communication, and live parameter monitoring. They provide access to diagnostic trouble codes, calibration data, and adaptive learning, allowing system resets, component activations, and graphing & trending. Additionally, they offer vehicle history reports, remote diagnostics, technical support, and training & education. (51 words)

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Factors driving growth in this sector include the escalating demand for electronic control units (ECUs) and other electronic components due to the increasing sales of ECUs in electric vehicles, motorcycles, and passenger cars over the past decade. Furthermore, the integration of advanced technologies such as bus systems, diagnostic codes, live data, and freeze frame data in vehicles is expected to boost market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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