Techno World Diagnostic-Scan-Tools-Market | Page 2

High growth rate of vehicle per thousand inhabitants coupled with limited number of
authorized service centers and workshops have in turn led to significant demand for
do-it-yourself kits
Do-it-yourself (DIY) kits can be easily operated and are highly preferred among the populace,
which has led to increase in demand for these kits. However, high preference of DIY kits has led
to significant reduction in demand for diagnostic equipment, which in turn hampers the overall
diagnostic scan tools market growth over the forecast period.
Advancements in wireless communication-based equipment 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. Furthermore, growing is
expected to propel growth of the diagnostic scan tools market over the forecast period. For
instance, according to the Organization Internationale des Constructeurs d'Automobiles (OICA),
in 2015, motorization rate was 182 vehicles per 1000 inhabitants.
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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.
Europe diagnostic scan tool market was dominant in terms of value share in 2016, owing to high
utilization of the hardware systems in the region. Moreover, increasing consumer preference for
more precise diagnosis for their vehicles has led to increased proliferation of advanced devices
and systems. Some of the key players in the global diagnostic scan tools market are Actia SA,
AVL List GmbH, Continental AG, Delphi Automotive PLC, Denso Corporation, Hickok Incorporated,
Kpit Technologies, Robert Bosch GmbH, Snap on Incorporated, and Softing AG.
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