Global Diagnostic Tools and Workshop Equipment Market
- Market Definition
- Market Definition
- Market Segmentation
- Research Methodology
- Research Objective
- Research Process
- Secondary Research
- Market Size Estimation
- Primary Research
- Diagnostics Tools and Workshop Equipment Manufacturers
- Automotive Workshops
- Executive Summary – Global Diagnostic Tools and Workshop Equipment Market
- Analyst Recommendation
- Analysis of Market Dynamics
- Drivers
- Restrains
- Opportunities
- Trends
- COVID-19 Impact Analysis on the Global Diagnostic Tools and Workshop Equipment Market
- Automotive Industry Analysis
- Vehicle Production and Sales, 2015-2019
- Number of Vehicles on Road, 2015-2019
- Major Automotive Players and Market Share, 2019
- Opportunity Analysis
- Number of Workshops
- Annual Maintenance Cost
- Number of Vehicle Requiring Maintenance
- Total Aftermarket Spending
- Other factors
- Vehicle PARC Analysis
- Average Age (Years)
- Vehicles on Road
- Pricing Analysis
- Global Diagnostic Tools and Workshop Equipment Market
- Global Diagnostic Tools and Workshop Equipment Market Segmentation by:
- Category, 2019-2028F (USD Million)
- Product, 2019-2028F (USD Million)
- Connectivity, 2019-2028F (USD Million)
- Application, 2019-2028F (USD Million)
- Vehicle Type, 2019-2028F (USD Million)
- Sales Channel, 2019-2028F (USD Million)
- End User, 2019-2028F (USD Million)
- Region, 2019-2028F (USD Million)
- North America Diagnostic Tools and Workshop Equipment Market
- Europe Diagnostic Tools and Workshop Equipment Market
- Asia Diagnostic Tools and Workshop Equipment Market
- South East Asia Diagnostic Tools and Workshop Equipment Market
- Latin America Diagnostic Tools and Workshop Equipment Market
- Middle East and Africa Diagnostic Tools and Workshop Equipment Market
- Competitive Analysis
- Robert Bosch Ltd.
- BorgWarner Inc.
- AVL DiTEST GmbH
- DENSO CORPORATION
- TEXA S.p.A.
- Continental AG
- Snap-on Incorporated
- ACTIA Group
- Primary Interview Analysis
Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Diagnostic Tools and Workshop Equipment Market size was over USD 45.98 billion in 2024 and is anticipated to cross USD 72.82 billion by 2037, witnessing more than 3.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of diagnostic tools and workshop equipment is estimated at USD 47.39 billion.
Growing advancements in automotive technology, along with the growing popularity of electric vehicles and the rising number of product launches w.r.t vehicle diagnostic equipment and professional automotive diagnostic software, are some of the key trends that are anticipated to create opportunities for the growth of the global diagnostic tools and workshop equipment market during the forecast period.
Automotive diagnostic tools and workshop equipment are designed to capture information with the aid of an on-board diagnostic (OBD) scanning system that can diagnose different vehicle subsystems and identify faults in them. The process of diagnosis also includes the utilization of additional hardware and software components that determine the faults by connecting to the vehicle through a data logger, laptop/desktop, and other tools. These vehicle scanning tools further aid the professional vehicle mechanic with live data, which helps them to identify the flaw of the engine, battery, fuel system, transmission, or any other electronic components of the vehicle systems.
The global diagnostic tools and workshop equipment market is further anticipated to grow during the forecast period on account of the numerous opportunities generated by the emergence of next-generation vehicles, along with the growing focus of automobile manufacturers for adopting advanced OBD diagnostic tools and software.
Diagnostic Tools and Workshop Equipment Market: Growth Drivers and Challenges
Growth Indicators
- Stringent Norms to Reduce Carbon Footprint from Vehicles to Drive the Market Growth
Backed by the growing sales of vehicles worldwide, there is a growing concern for reducing exhaust emissions from vehicles. As a result, there is a rising need amongst vehicle owners to frequently diagnose their vehicles, which in turn is driving the increase in the adoption of advanced diagnostic tools and workshop equipment. On the other hand, vehicle manufacturers are increasingly adopting advanced automotive technologies for better vehicle performance, which is raising the need amongst the vehicle diagnostic workshop owners to upgrade their existing diagnostic equipment. Automobile workshop equipment suppliers are also focusing on delivering modern diagnostic tools to the workshop owners, which is also anticipated to drive the market growth in the coming years. Moreover, varying emission standard norms across countries worldwide, along with the need amongst automotive manufacturers to comply with the emission regulations and standards are some of the additional factors anticipated to drive the market growth in the coming years.
Challenges
- High Cost of Advanced Technology Equipment for Automotive Application
The cost of equipment used for the diagnostics of automobiles has increased significantly over the years, backed by the growing use of electronic systems and model-based development in the automotive industry. Diagnostic software and tools, such as OBD2 (OBD-II) software, antilock braking system (ABS) calibration systems, electronic brake-force distribution (EBD) testing, and calibration systems, and others, along with automotive diagnostic scan tools, such as automotive paint inspection equipment, vehicle emission testing systems, and others, often cost very high and also require high assistance cost, which is further anticipated to hamper the diagnostic tools and workshop equipment market growth in the coming years.
Diagnostic Tools and Workshop Equipment Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
3.6% |
|
Base Year Market Size (2024) |
USD 45.98 billion |
|
Forecast Year Market Size (2037) |
USD 72.82 billion |
|
Regional Scope |
|
Diagnostic Tools and Workshop Equipment Segmentation
By Vehicle Type
The global diagnostic tools and workshop equipment market is segmented by vehicle type into two-wheeler, three-wheeler, and four-wheeler. The four-wheeler segment is further bifurcated into passenger cars and commercial vehicles. Out of these, the passenger cars segment is projected to hold the largest market share by the end of 2028 owing to the higher sales of passenger cars, along with the increasing advancements and adoption of advanced technologies in passenger cars. Additionally, stringent norms of the government for vehicle testing, which is raising the need amongst individuals to diagnose their vehicles frequently, is also anticipated to drive the growth of the segment in the coming years.
The diagnostic tools and workshop equipment market is further segmented by category into hand-held and station-mounted. Out of these, the hand-held segment is projected to grow with the highest CAGR of 4.1% during the forecast period. The hand-held automotive diagnostic tools include code readers, professional OBD scanners, tire pressure gauges, multi-meters, circuit testers, and others. Hand-held tools are easy to use and hence they are widely adopted by the end-users. On the other hand, the station-mounted automotive diagnostic tools include a wide range of garage equipment, such as advanced driver assistance system (ADAS) calibration, headlight testing and calibration, brake test, and others.
The global diagnostic tools and workshop equipment market is further segmented by product into exhaust emission testing, diagnostic tools, measurement tools, headlight calibration, ac system recharging, ADAS calibration, and battery management. Out of these, the exhaust emission testing segment is projected to grab the largest market share of 25.64% by the end of 2025. Furthermore, the market is segmented by connectivity into mechanical and electronics, out of which, the electronics segment is projected to grow with the highest CAGR during the forecast period. The market is also segmented on the basis of application into measurement & calibration, and testing & diagnostic, out of which, the testing & diagnostic segment is projected to grab the largest market share by the end of 2036. Additionally, the global diagnostic tools and workshop equipment market is segmented by sales channel into original equipment supplier (OES) and independent aftermarket (IAM). Among these segments, the original equipment supplier (OES) segment is anticipated to grow with the highest CAGR of 4.2% during the forecast period. Further, the market is also segmented by end-user into OEM authorized workshops and independent workshops, out of which, the independent workshops segment is forecasted to h0ld the largest market share by the end of 2021.
Our in-depth analysis of the global diagnostic tools and workshop equipment market includes the following segments
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Category |
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Product |
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Connectivity |
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Application |
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Vehicle Type |
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End-User |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Diagnostic Tools and Workshop Equipment Industry - Regional Synopsis
North America industry is predicted to hold largest revenue share of 32% by 2037, North America industry is expected to dominate majority revenue share of 32% by 2037.The growth of the market in the region can be attributed to the increasing number of on-road vehicles, growth in the sales of new vehicles, along with the implementation of innovative, high-performance, and fuel-efficient technologies. Further, the increasing demand for connected vehicles in the region is anticipated to create numerous opportunities for both OEMs and workshop equipment providers. Such factors are anticipated to drive the growth of the market in North America.
On the other hand, the diagnostic tools and workshop equipment market in Europe is projected to cross USD 12,000 million by the end of 2028 owing to the increasing motorization rate in the region in several countries in the region, including nations such as Luxembourg, Italy, Poland, Estonia, Slovenia, and Germany among others, along with the continuous up-gradation in emission regulations for combustion engine vehicles by the regulatory bodies.
Companies Dominating the Diagnostic Tools and Workshop Equipment Landscape
- BorgWarner Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Robert Bosch Ltd.
- AVL DiTEST GmbH
- TEXA S.p.A.
- ACTIA Group
- Snap-on Incorporated
- Continental AG
- DENSO CORPORATION.
Recent Developments
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November 13, 2020: BorgWarner Inc. announced that it has expanded its Delphi Technologies Aftermarket portfolio by introducing a new vehicle diagnostic tool that would enable workshops to cater to new advanced driver-assistance systems (ADAS) technology.
- Report ID: 2871
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
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Diagnostic Tools and Workshop Equipment Market Report Scope
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