Report notes rapid growth for diagnostic scan tools market

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.

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