Automotive Diagnostic Scan Tools Market : Global Industry Analysis , Trends , Market Size and Forecasts up to 2023
The market size of automotive diagnostic scan tools is determined based on the top down approach . The market size is validated using primary interview with the participants working in some of the leading players in the automotive diagnostic scan tools market . The primary interview participants typically includes managers and CXO level executives of the leading players in this market . The primary interviews not only help identify the market size of the automotive diagnostic scan tools market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market . The views of primary respondents were reconciled to provide qualitative analysis of the automotive diagnostic scan tools market . The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market . The bottom-up approach is used to validate the global market size of automotive diagnostic scan tools . With the help of primary interviews and secondary research the market size of automotive diagnostic scan tools is determined for each country studied , which then is added to arrive at regional market size and there by obtaining global market size . This in turn helps us to validate the market size of automotive diagnostic scan tools in the world market .
Executive Summary Global Automotive Diagnostic Scan Tools Market Highlights , ( USD Million , Thousand Units )
The global automotive diagnostic scan tools market is expected to grow at a CAGR of 4.75 % between 2017 and 2023 in terms of value . The global automotive diagnostic scan tools market is driven by the factors such as increasing commercial transportation worldwide , rising security concerns among the end-users , increasing production and usage of vehicles and increasing electrification of vehicles is driving the demand for automotive diagnostic systems . However , high cost of technology development is the key restraining factors affecting the growth in this market over the forecast period .
North America dominates the world automotive diagnostic scan tools market in terms of dollar share , while Asia- Pacific is anticipated to grow at the highest CAGR over the forecast period . The growth in the North America region is primarily driven by U . S ., and Canada which
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