The increasing demand for high-end fully automatic vehicles is another major factor driving the proliferation of the Automobile Diagnostic Tool Market over the next couple of years. Diagnostic tools facilitate early detection and rectification of faults before it causes much damage to vehicles.

Segmentation:

By Product Type, the global Automobile 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 Automobile Diagnostic Tool Market has been segmented into wheel alignment tester, digital battery tester, vehicle emission test system and others.

Regional Analysis:

The global Automobile 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 Automobile 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:

The noted players of the Automobile Diagnostic Tool Market profiled in this MRFR report are Snap on Incorporated (U.S.), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Continental AG (Germany), SPX Corp (U.S.), Softing AG (Germany), Actia SA (France), Hickok Incorporated (U.S.), AVL List GmbH (Austria) and Kpit Technologies (India).

Industry News:

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.