Report notes rapid growth for diagnostic scan tools market

March 4, 2014
Stricter emissions rules and Right to Repair law contribute to scan tool growth.

Research and Markets announced the addition of the "Automotive Diagnostic Scan Tools Market by Geography & Product Type - Industry Trends & Forecast To 2018" report to its offering.

As the systems used in vehicles become increasingly technically advanced, the link between cause and symptom become less obvious. This results in the inclusion of self-diagnosis in electronic systems.

The automotive diagnostic scanning tool is one of the major components of garage equipment, used to diagnose any fault by plugging it into the vehicle using the diagnostic connector and running a full scan. The major advantages associated with the tool are the short time taken to diagnose, ease in identifying the fault and rectifying the same.

The U.S. and European market for diagnostic scan tools is projected to reach $3,786.1 million in 2018, growing at a combined annual growth rate of 5.23 percent over the forecast period. The U.S. market for these scan tools is expected to grow at a higher rate during the period considered than the European market, mainly due the increasing vehicle fleet in the region, stricter emission regulations, implementation of the right to repair law, and increasing number of independent auto workshops and service stations. These tools are used in conjunction with the latest OBD-II regulations, which are mainly used to test and maintain the vehicles emission levels.

For more information visit http://www.researchandmarkets.com/research/jwzvtl/automotive

Sponsored Recommendations

Are you aware of the hidden costs lurking behind ignored maintenance? This eBook reveals how neglecting upkeep can inate repair bills, induce downtime, and harm reliability. ...
Are your KPIs driving real fleet improvement? Learn how to set smarter, data-driven benchmarks, track success like top-performing fleets, and apply proven strategies to optimize...
Fullbay's fifth annual State of Heavy-Duty Repair compiles insights from almost 1,000 experts and over 3,500 shops. If you aren't leveraging these proven data points, your competition...
Quality body repairs on medium- and heavy-duty trucks depend on the use of specialized adhesives, sealers, and other allied materials. Unfortunately, many shops face challenges...