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.
