Market Overview:
The global new energy vehicle diagnostic market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for new energy vehicles, rising awareness about the benefits of new energy vehicles, and government initiatives and subsidies for the adoption of new energy vehicles. The global new energy vehicle diagnostic market is segmented on the basis of type into commercial vehicles and passenger cars. The commercial vehicle segment is expected to account for a larger share of the global market than the passenger car segment during the forecast period. This can be attributed to factors such as increased demand for commercial vehicles owing to their growing popularity among businesses, rising awareness about fuel efficiency and emissions reduction among fleet operators, and government initiatives aimed at promoting fuel-efficient transportation modes such as electric buses.
Product Definition:
New Energy Vehicle Diagnostic is a tool used to identify and diagnose issues with new energy vehicles. The importance of New Energy Vehicle Diagnostic is that it can help identify and fix problems with new energy vehicles, which can help improve the performance and lifespan of these vehicles.
Commercial Vehicle:
Commercial Vehicle is a self-propelled vehicle that is used for transporting goods and passengers. Commercial vehicles are usually large, heavy, and designed to carry many passengers or goods. The most common types of commercial vehicles include trucks, buses, minibusses/microbusses (for short distance travel), trolleybuses (for long-distance travel), and special purpose vehicles such as ambulances or fire engines.
Passenger Car:
Passenger cars are the most common type of vehicles used for transportation. They are designed for carrying passengers and provide an seats, driving wheel, and engine. The global demand has seen a paradigm shift due to increased consumer disposable income levels coupled with improved standards of living in emerging economies such as India & China.
Application Insights:
Based on the application, the global new energy vehicle diagnostic market has been segmented into vehicle development, produce and aftermarket. The vehicle development segment dominated the market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to growing government support for electric vehicles across various countries worldwide. For instance, in Norway, a country with a population of 5 million people; around 40% of all new cars sold are Electric Vehicles (EVs). In addition to this; several other governments have announced plans for increasing their share of EVs from 2018 to 2030. Such initiatives by various governments are likely to increase demand for diagnostics during production as well as post-production stages of an electric car¢â‚¬â„¢s life cycle which will benefit product manufacturers positively.
The produce segment is anticipated register considerable growth over the forecast period owing to increased production capacities in China.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and regulations for fuel economy improvement, CO2 reduction, and enhanced safety in new energy vehicles. For instance, China has implemented “New Energy Vehicle (NOV)†program which is a five-year plan from 2016 to 2020 with an aim to increase the share of electric or hybrid vehicles in its automotive industry from 1% in 2014 to 6% by 2020. This initiative will also include provision for charging infrastructure as well as providing subsidies on both sides i.e., purchase price as well as operating cost of these vehicles over a period of six years till 2019.
The European region dominated the global market owing to stringent emission norms coupled with high demand for enhanced safety features such as lane departure warning system.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Government initiatives and subsidies for electric vehicles
- Rising awareness about the benefits of electric vehicles
- Technological advancements in vehicle diagnostics and repair industry
- Growing demand for aftermarket services
Scope Of The Report
Report Attributes
Report Details
Report Title
New Energy Vehicle Diagnostic Market Research Report
By Type
Commercial Vehicle, Passenger Car
By Application
Vehicle Development, Produce, Aftermarket
By Companies
Xtooltech, BOSCH, Pico Technology, Launch Tech Co., Ltd, Autel Intelligent Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global New Energy Vehicle Diagnostic Market Report Segments:
The global New Energy Vehicle Diagnostic market is segmented on the basis of:
Types
Commercial Vehicle, Passenger Car
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vehicle Development, Produce, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Xtooltech
- BOSCH
- Pico Technology
- Launch Tech Co., Ltd
- Autel Intelligent Tech
Highlights of The New Energy Vehicle Diagnostic Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Commercial Vehicle
- Passenger Car
- By Application:
- Vehicle Development
- Produce
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the New Energy Vehicle Diagnostic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A New Energy Vehicle Diagnostic is a device that can be used to diagnose problems with electric vehicles. These devices typically include a battery, an inverter, and a computer. They are used to diagnose issues such as low battery voltage, over-currents, and overheating.
Some of the key players operating in the new energy vehicle diagnostic market are Xtooltech, BOSCH, Pico Technology, Launch Tech Co., Ltd, Autel Intelligent Tech.
The new energy vehicle diagnostic market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 New Energy Vehicle Diagnostic Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 New Energy Vehicle Diagnostic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 New Energy Vehicle Diagnostic Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the New Energy Vehicle Diagnostic Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global New Energy Vehicle Diagnostic Market Size & Forecast, 2020-2028
4.5.1 New Energy Vehicle Diagnostic Market Size and Y-o-Y Growth
4.5.2 New Energy Vehicle Diagnostic Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Commercial Vehicle
5.2.2 Passenger Car
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Vehicle Development
6.2.2 Produce
6.2.3 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global New Energy Vehicle Diagnostic Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 New Energy Vehicle Diagnostic Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Commercial Vehicle
9.6.2 Passenger Car
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Vehicle Development
9.10.2 Produce
9.10.3 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Commercial Vehicle
10.6.2 Passenger Car
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Vehicle Development
10.10.2 Produce
10.10.3 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Commercial Vehicle
11.6.2 Passenger Car
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Vehicle Development
11.10.2 Produce
11.10.3 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Commercial Vehicle
12.6.2 Passenger Car
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Vehicle Development
12.10.2 Produce
12.10.3 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Commercial Vehicle
13.6.2 Passenger Car
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Vehicle Development
13.10.2 Produce
13.10.3 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 New Energy Vehicle Diagnostic Market: Competitive Dashboard
14.2 Global New Energy Vehicle Diagnostic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Xtooltech
14.3.2 BOSCH
14.3.3 Pico Technology
14.3.4 Launch Tech Co., Ltd
14.3.5 Autel Intelligent Tech
