The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Vehicle Diagnostics Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Vehicle Diagnostics Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Vehicle Diagnostics Market size is valued at USD 48.21 billion in 2023 and is projected to reach USD 88.22 Billion in 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Vehicle Diagnostics Market Segmentation?
The report has segmented the market into the following categories:
By Offering
- Hardware- Market Size & Forecast 2019-2030, USD Million
- - Diagnostic Scanners- Market Size & Forecast 2019-2030, USD Million
- - Handheld Devices- Market Size & Forecast 2019-2030, USD Million
- - Adapters and Connectors- Market Size & Forecast 2019-2030, USD Million
- - Others (Battery Testers, Analysers, etc.) - Market Size & Forecast 2019-2030, USD Million
- Software- Market Size & Forecast 2019-2030, USD Million
By Vehicle Type
- Passenger Vehicles- Market Size & Forecast 2019-2030, USD Million
- Commercial Vehicles- Market Size & Forecast 2019-2030, USD Million
- - Light Commercial Vehicles- Market Size & Forecast 2019-2030, USD Million
- - Medium & Heavy Commercial Vehicles - Market Size & Forecast 2019-2030, USD Million
By Propulsion
- ICE (Internal Combustion Engine) - Market Size & Forecast 2019-2030, USD Million
- Electric - Market Size & Forecast 2019-2030, USD Million
By Application
- Automatic Crash Notification- Market Size & Forecast 2019-2030, USD Million
- Vehicle Tracking - Market Size & Forecast 2019-2030, USD Million
- Vehicle Health Alert- Market Size & Forecast 2019-2030, USD Million
- Roadside Assistance- Market Size & Forecast 2019-2030, USD Million
- Others (Vehicle Telematics, Emission Testing, etc.) - Market Size & Forecast 2019-2030, USD Million
By End User
- Automotive OEMs- Market Size & Forecast 2019-2030, USD Million
- Service Stations & Workshops- Market Size & Forecast 2019-2030, USD Million
- Fleet Operators- Market Size & Forecast 2019-2030, USD Million
- Government & Regulatory Bodies- Market Size & Forecast 2019-2030, USD Million
Based on end users, the service stations & workshops segment holds a substantial share of the market owing to the diversity of vehicles they provide services to and the sheer volume of vehicles as compared to OEMs and fleet operators. The service stations and workshops have a huge diversity of vehicles from various brands. As a result, they have different diagnostic tools suiting different kinds of vehicles and models, thereby surging their demand and adoption in the service centers. Moreover, as service centers and workshops offer services to a diverse consumer base, they have to invest heavily in new and technologically advanced diagnostic tools which further increase their adoption.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Key Factor Driver Vehicle Diagnostics Industry Growth by 2030
Rising Road Accidents Creating Immense Demand for Diagnostic Features in Vehicles– Fast urbanization and expansion of road networks have been increasing vehicle ownership and traffic density worldwide. With more vehicles on the road, the risk of accidents is also surging in developing countries where infrastructure development is usually not parallel to this growth in traffic. The poorly maintained vehicles and improper services of vehicles further lead to incidences such as brake failures, system crashes, airbags remaining closed, etc. This has resulted in severe road accidents and casualties across the globe. For Instance,
Who are the Key Players Operating in the Vehicle Diagnostics Industry?
The top companies of the Vehicle Diagnostics market ruling the industry are:
- Robert Bosch GmbH
- Continental AG
- Delphi Automotive PLC
- Onstar LLC
- Snap-On Inc.
- Magneti Marelli
- Softing AG
- VOXX International Corporation
- Vector Informatic
- Vidiwave Ltd.
- Pioneer Incorporation
- Alpine Electronics Inc.
- Garmin Ltd.
- Harman International
- Denso Europe B.V
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Vehicle Diagnostics Market?
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- Which geographical area dominates the Vehicle Diagnostics industry?
- Which is the Leading segment in the market?
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