Automotive Diagnostic Scan Tools Market worth $3.8 Billion By 2018
The report, "Automotive Diagnostic Scan Tools Market by Geography (U.S., Europe, Asia-Pacific & ROW) & Product Type (Diagnostic Equipment, Diagnostic Software, & Repair & Diagnostic Data) - Industry Trends & Forecast To 2018" defines and segments the U.S. and European automotive diagnostic scan tools market with analysis and forecasting of their respective values. The U.S. market for automotive diagnostic scan tools is estimated to reach a value of $1.8 billion in 2018, whereas the European market is expected to grow to $1.9 billion in 2018.
Browse 6 market data tables and 34 figures spread through 151 pages and in-depth TOC on “Automotive Diagnostic Scan Tools Market by Geography (U.S., Europe, Asia-Pacific & ROW) & Product Type (Diagnostic Equipment, Diagnostic Software, & Repair & Diagnostic Data) - Industry Trends & Forecast To 2018”. http://www.marketsandmarkets.com/Market-Reports/automotive-diagnostic-scan-tools-market-1299.html Early buyers will receive 10% customization on this report.
U.S.- Closing the gap at a faster pace
In recent times, Europe was the largest market for automotive diagnostic scan tools due to its large vehicle fleet equipped with complex electrical/electronic systems and the number of new vehicle models launched annually. This has increased the development of more advanced diagnostic scan tools which can diagnose faults in more than 40,000 vehicle models. Slowly, the gap between the European and U.S. markets has reduced in the last few years due to the increasing vehicle registrations, stringent emission norms, increased fuel efficiency standards, and advanced technologies equipped in the vehicles. All these factors call for the increased growth in the diagnostic scan tools market in the U.S. By 2018, it is estimated that U.S. would be very much near the European market in terms of value. The market in Europe is expected to grow at a CAGR of 5.23% over the period from 2013 to 2018, whereas U.S. would grow at a CAGR of 5.75%.
Browse 6 market data tables and 34 figures spread through 151 pages and in-depth TOC on “Automotive Diagnostic Scan Tools Market by Geography (U.S., Europe, Asia-Pacific & ROW) & Product Type (Diagnostic Equipment, Diagnostic Software, & Repair & Diagnostic Data) - Industry Trends & Forecast To 2018”. http://www.marketsandmarkets.com/Market-Reports/automotive-diagnostic-scan-tools-market-1299.html Early buyers will receive 10% customization on this report.
U.S.- Closing the gap at a faster pace
In recent times, Europe was the largest market for automotive diagnostic scan tools due to its large vehicle fleet equipped with complex electrical/electronic systems and the number of new vehicle models launched annually. This has increased the development of more advanced diagnostic scan tools which can diagnose faults in more than 40,000 vehicle models. Slowly, the gap between the European and U.S. markets has reduced in the last few years due to the increasing vehicle registrations, stringent emission norms, increased fuel efficiency standards, and advanced technologies equipped in the vehicles. All these factors call for the increased growth in the diagnostic scan tools market in the U.S. By 2018, it is estimated that U.S. would be very much near the European market in terms of value. The market in Europe is expected to grow at a CAGR of 5.23% over the period from 2013 to 2018, whereas U.S. would grow at a CAGR of 5.75%.