Additionally, factors such as increasing motorization rate in several nations worldwide, coupled with the stringent government norms for curbing vehicular emission, which is raising the need amongst vehicle owners to frequently diagnose their vehicles and the automotive manufacturers to adapt advanced automotive technologies, are anticipated to drive the market growth in the coming years.The global diagnostics tools and workshop equipment market consists of numerous segments, which include segmentation by category, product, application, vehicle type, sales channel, end-user, and by region. Based on category, the market is further bifurcated into hand-held and station-mounted, out of which, the hand-held segment is projected to grow with the highest CAGR of close to 4% during the forecast period. Code readers, professional OBD scanners, tire pressure gauges, multi-meters, circuit testers, and others, are some of the types of hand-held tools.Based on regional analysis, the market is segmented into North America, Latin America, Europe, Asia, South East Asia and the Middle East & Africa. Among these regions, the market in Europe is projected to cross USD 12,000 million by the end of 2028. Increasing motorization rate in countries such as Luxembourg, Italy, Poland, Estonia, Slovenia, and Germany among others, is anticipated to drive the market growth in the region.Some of the prominent players in the global diagnostics tools and workshop equipment market are BorgWarner Inc., Robert Bosch Ltd., AVL DiTEST GmbH, TEXA S.p.A., ACTIA Group, Snap-on Incorporated, Continental AG, and Denso Corporation.Key Topics Covered: Global Diagnostics Tools and Workshop Equipment Market1. Market Definition2. Research Methodology3. Executive Summary - Global Diagnostics Tools and Workshop Equipment Market4. Analyst Recommendation5. Analysis of Market Dynamics5.1. Drivers5.2. Restrains5.3. Opportunities5.4. Trends6. COVID-19 Impact Analysis on the Global Diagnostics Tools and Workshop Equipment Market7. Automotive Industry Analysis7.1. Vehicle Production and Sales, 2015-20197.2. Number of Vehicles on Road, 2015-20197.3. Major Automotive Players and Market Share, 20198. Opportunity Analysis8.1. Number of Workshops8.2. Annual Maintenance Cost8.3. Number of Vehicle Requiring Maintenance8.4. Total Aftermarket Spending8.5. Other factors9. Vehicle PARC Analysis9.1. Average Age (Years)9.2. Vehicles on Road10. Pricing Analysis11. Global Diagnostics Tools and Workshop Equipment Market12. Global Diagnostics Tools and Workshop Equipment Market Segmentation12.1. Category, 2019-2028F (USD Million)12.2. Product, 2019-2028F (USD Million)12.3. Connectivity, 2019-2028F (USD Million)12.4. Application, 2019-2028F (USD Million)12.5. Vehicle Type, 2019-2028F (USD Million)12.6. Sales Channel, 2019-2028F (USD Million)12.7. End User, 2019-2028F (USD Million)12.8. Region, 2019-2028F (USD Million)13. Competitive Analysis
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