The release of standard regulations for ensuring minimum carbon emission is poised to catalyze the growth of the automotive diagnostic tool market in the forthcoming years. It is expected to lead the introduction of advanced automotive diagnostic technologies over the assessment period.

Segmentation:

By Product Type, the global automotive diagnostic tool market has been segmented into diagnostic equipment (hardware), diagnostic software, automotive diagnostic scan tool technology, and repair & diagnostic data.

By equipment type, the automotive diagnostic tool market has been segmented into wheel alignment tester, digital battery tester, vehicle emission test system and others.

By vehicle type, the global automotive diagnostic tool market has been segmented into passenger car and commercial vehicles.

Regional Analysis:

The global automotive diagnostic tool market, by region, has been segmented into four major regions - North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is projected to hold its dominant position in the marketplace over the next few years. The developments and implementation of automotive technology are presumed to support the growth of the automotive diagnostic tool market in the forthcoming years. Also, the thriving economic growth of the region is also expected to aid the proliferation of the market across the assessment period. The fast-developing countries such as China, India, and Japan are poised to propel the expansion of the regional market by contributing significantly.

Competitive Dashboard:

In November 2018, Bharat Benz, a truck brand owned by Daimler India Commercial Vehicles (DICV) initiated the use of new-age diagnostic tools for beefing up its after-sales network.

In July 2018, an industry leader in OEM diagnostic scanning, AirPro Diagnostics (APD), has announced the launch of a pocket-sized scan tool, FieldPro mobile scanning solution, which Serves as the wireless link between the damaged vehicle and the insurance field appraiser.