The U.S. and European market for diagnostic scan tools is is projected to reach $3.786 billion in 2018, growing at a compound annual growth rate of 5.23 percent over the forecast period, according to a report by Fast Market Research. The U.S. market for these scan tools is expected to grow at a higher rate during the period considered than the European market, mainly due the increasing vehicle fleet in the region, stricter emission regulations, implementation of the right to repair law, and increasing number of independent auto workshops and service stations. These tools are used in conjunction with the latest OBD-II regulations, which are mainly used to test and maintain the vehicles emission levels.
This report covers the market for automotive diagnostic scan tools in terms of value ($million) from 2011 to 2018. The independent aftermarket is only considered for market estimations. The market for automotive diagnostic tools is broadly segmented by Geography (U.S., Europe, Asia-Pacific, & ROW) and Product Type (Diagnostic Equipment, Diagnostic Software and Repair & Diagnostic Data). Market estimations are provided only for U.S. and Europe (Germany, U.K., France & Rest of Europe), whereas qualitative insights are provided for the Asia-Pacific and ROW regions. The U.S. and European markets are segmented By Country and Product Type. The Product Type segmentation provides a detailed analysis for U.S. and European countries considered in this report.
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U.S. diagnostic scan tool market to hit $1.8 billion in 2018.
U.S. scan tool market to grow faster than the European market.
Stricter emissions rules and Right to Repair law contribute to scan tool growth.