United States Automotive Diagnostic Scan Tools Market Grows With An Impressive CAGR During Forecast Period
United
States Automotive Diagnostic Scan Tools Market is anticipated to grow with increasing
sales of personal vehicles.
According to TechSci report on, “United
States Automotive
Diagnostic Scan Tools Market - By
Region, Competition Forecast & Opportunities, 2027”. United
States automotive diagnostic scan tools market may flourish with an impressive
CAGR during the forecast period of 2023-2027, on the backbone of rapidly
increasing usage of artificial intelligence and internet of things in day-to-day
life of the consumers. Growing advancement in the vehicle diagnostic tools and
surge in the demand for the technologically advanced products for the analysis
of the automotive performance further drives the growth of the United States
automotive diagnostic scan tools market in the upcoming five years. Rising
concerns regarding environment, and their vehicles the consumers are actively
invested in maintaining a regular check and diagnosis of their vehicles that is
further supporting the growth of the Untied States automotive diagnostic scan
tools market in the next five years. COVID-19 pandemic played a vital role in
upsurging the demands for automotive diagnostic scan tools. Due to complete
lockdown transportation and commercial vehicle usage were drastically affected.
These factors further aided the growth of the United States automotive diagnostic scan tools market in the future five years. Moreover,
growing demand for the low emission commuting and government supporting the
vehicle inspection mandates are also fueling the growth of the United States
automotive diagnostic scan tools market in the forecast years through 2027. Government’s
investment, favorable schemes play a vital role in market growth. US government
emphasis on the status of the passenger vehicles and commercial vehicles
further substantiates the growth of the United States automotive diagnostic
scan tools market in the forecast period.
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The
United States automotive diagnostic scan tools market is segmented by vehicle
type, component, type, application, competitional landscape, and regional
distribution. Based on vehicle type, the market is further segmented into
two-wheeler, passenger car, LCV, M&HCV, and OTR. Passenger cars are
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years on the grounds of increasing
passenger car sales. Rising demands for the personal vehicle ownership along
with the rising disposable income among the adult population further supports
the growth of the United States automotive diagnostic scan tools market in the
next five years. Two-wheeler vehicles may also register significant growth due
to increasing demands for the two-wheeler vehicles. Increasing traffic
congestions have led to the increasing sales of the two-wheeler vehicles and
thus the growth of the United States automotive diagnostic scan tools market in
the future five years.
By
component, the market is differentiated between software and hardware. Software
segment is anticipated to hold the largest revenue shares of the market and
dominate the market segment in the upcoming five years on the account of
growing technological advancement in the automotive diagnostic scan tools. Based
on type, the market is fragmented into scanners, code readers, TPMS tools, and
others.
A
partial list of major market players of the United States automotive diagnostic
scan tools market includes :
·
Robert Bosch GmbH
·
Siemens AG
·
Continental AG
·
Snap-on Incorporated
·
Denso Corporation
·
Horiba, Ltd.
·
Noregon Systems, Inc.
·
Hickok Inc
·
DG Technologies
·
KPIT Technologies Ltd
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“By application, the market is bifurcated into exhaust gas analyzer,
wheel alignment equipment, headlight tester, fuel injection diagnostic,
pressure leak detection, engine analyzer, and others. Exhaust gas analyzer is
expected to hold the largest revenue shares in the market and dominate the
market segment in the upcoming five years on the grounds of increasing concerns
for the environment depletions. Exhaust gas analyzer monitors the capacity of
the vehicle system responsible for the maintenance of the combustible fuel
exhaust and its pollution generation quotient. Rising pollution in the country
and thus caused harmful effects over the human health as well as the
environment further drives the demand for the exhaust gas analyzer and the
growth of the United States automotive diagnostic scan tools market in the
future five years. New market players in the country may focus on the
technological advancements and evolving & customizing the automotive diagnostic
scan tools would aid the market growth as well as support their future brand
establishment,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“United
States Automotive Diagnostic Scan Tools Market By Vehicle Type (Two-Wheeler,
Passenger Car, LCV, M&HCV, OTR), By Component (Software, Hardware), By Type
(Scanners, Code Readers, TPMS tools, Others), By Application (Exhaust Gas
Analyzer, Wheel Alignment Equipment, Headlight Tester, Fuel Injection Diagnostic,
Pressure Leak Detection, Engine Analyzer, Others), By Region, Competition
Forecast & Opportunities, 2027” has evaluated the future growth potential of United
States Automotive diagnostic scan tools market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in United States Automotive diagnostic scan tools market.
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