Chemical Research Report Diagnostic-Scan-Tools-Market | Page 2

Do-it-yourself (DIY) kits offer easy operability and have gained significant popularity in the
recent past. This has led to significant demand for these kits. These DIY kits have led to
significant reduction in demand for diagnostic equipment and are projected to hamper the
overall diagnostic scan tools market growth over the forecast period.
Advancements in technology in the development of communication and compactness of
diagnostic equipment devices have led to significant growth in adoption of these devices.
Handheld equipment and wireless communication-based equipment offer features such as
mobility and efficiency in detection of automotive internal conditions and faults. These
technologies are increasingly gaining traction. In conjunction with these factors, growing
motorization rate per thousand inhabitants every year across the globe, which was 182 vehicles
per 1000 inhabitants in 2015, as per OICA, is expected to propel growth of the diagnostic scan
tools market over the forecast period.
Based on the product type, diagnostic equipment (hardware) segment was dominant in the
global diagnostic scan tools market share in 2016, and is expected to continue its dominance
over the forecast period. This aids in fault detection reliance on the analog and digital
components to enable functionality of such devices. However, software segment is expected to
witness highest growth over the forecast period, as software analyzes the complex codes to
perform diagnosis of powertrain, chassis, and the body. Additionally, introduction of compact
tools to reduce space footprint and incorporation of wireless communications is expected to
significantly contribute to growth of the market.
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Report includes chapters which deeply display the following deliverable about industry:
• Diagnostic Scan Tools Market Research Objective and Assumption
• Diagnostic Scan Tools Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Diagnostic Scan Tools Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Diagnostic Scan Tools Market, By Regions
• Diagnostic Scan Tools Market Competition by Manufacturers including Production, Share,
Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Diagnostic Scan Tools Market Manufacturers Profiles/Analysis including Company Basic