Market Overview:
The global vehicle diagnostics 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 automatic crash notification, vehicle tracking, and vehicle health alerts among consumers. Additionally, the increasing demand for roadside assistance is also contributing to the growth of this market. North America dominates the global vehicle diagnostics market and is expected to continue its dominance during the forecast period.
Product Definition:
Vehicle diagnostics is the process of identifying and resolving issues with a vehicle. This can be done through a variety of methods, such as using sensors to track how the car is performing or reading error codes that are stored in the car's computer. Vehicle diagnostics is important because it allows mechanics to identify and fix problems with vehicles before they become more serious and expensive to repair.
Light-Duty Vehicle:
Light-Duty Vehicle (LDV) is a class of vehicles that are used for transportation of goods and passengers with lesser features than full-sized trucks. LDVs include small pick up vans, compact sport utility vehicles, mini trucks among others. The global light duty vehicle market size was valued at USD 61 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Commercial Vehicle:
Commercial vehicle is a self-propelled, motorized vehicle for the carriage of goods and passengers for hire. Commercial vehicles are used to transport various goods including food products, chemicals, pharmaceutical products as well as other perishable commodities. They also carry bulk quantities of oil and petroleum products in their tankers.
Application Insights:
Based on the application, the market has been segmented into automatic crash notification, vehicle tracking, vehicle health alert and roadside assistance. The commercial vehicles segment dominated the overall market in terms of revenue share in 2017. This is attributed to growing demand for heavy-duty trucks for transporting goods across countries. Furthermore, increasing penetration of e-commerce has led to a rise in demand for logistics services across countries which eventually boosts product demand.
The light-duty vehicles (LDV) segment is expected to witness significant growth over the forecast period owing to rising disposable income among consumers and government initiatives such as ¢â‚¬Å“Nagarik Master¢â‚¬ program by Government of India that provides subsidies up to USD 10,000 on purchase of an LDV with basic features including airbags and stability control as standard equipment depending upon its price range. Such factors are likely drive adoption thereby contributing towards overall industry growth during this period.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to technological advancements and increasing demand for vehicle diagnostics systems. The U.S., being the largest automobile manufacturing hub, has a large number of vehicles on road and hence creates opportunities for growth. Moreover, growing concerns regarding vehicle safety are anticipated to drive regional growth over the forecast period.
Asia Pacific is estimated to be one of the fastest-growing regions during the forecast years due to rising disposable income levels and changing consumer preferences towards luxury cars with advanced safety features such as lane departure warning system (LDWS), adaptive cruise control (ACC), emergency autonomous braking (EAB) among others’ in China, Japan and India among other countries in this region coupled with government initiatives encouraging adoption of electric vehicles across major cities such as Beijing, Shanghai, Tokyo etc.
Growth Factors:
- Increasing demand for vehicle diagnostics from the automotive industry to improve the quality of vehicles and increase the efficiency of operations.
- Growing demand for advanced vehicle diagnostics systems that can provide real-time information on the performance of a vehicle.
- Increasing number of recalls and safety campaigns by automotive manufacturers, which is driving demand for diagnostic services and tools among consumers and service providers alike.
- Proliferation of internet-connected cars that are providing opportunities for new players to enter the market with innovative diagnostic solutions and services 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Diagnostics Market Research Report
By Type
Light-Duty Vehicle, Commercial Vehicle
By Application
Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert, Roadside Assistance
By Companies
Bosch, Continental Automotive, Delphi Automotive, Onstar, Snap-On, Magneti Marelli, Softing, VOXX, Vector, Vidiwave
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Diagnostics Market Report Segments:
The global Vehicle Diagnostics market is segmented on the basis of:
Types
Light-Duty Vehicle, Commercial Vehicle
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
Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert, Roadside Assistance
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:
- Bosch
- Continental Automotive
- Delphi Automotive
- Onstar
- Snap-On
- Magneti Marelli
- Softing
- VOXX
- Vector
- Vidiwave
Highlights of The Vehicle Diagnostics 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:
- Light-Duty Vehicle
- Commercial Vehicle
- By Application:
- Automatic Crash Notification
- Vehicle Tracking
- Vehicle Health Alert
- Roadside Assistance
- 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 Vehicle Diagnostics 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?
Vehicle diagnostics is the process of inspecting and testing a vehicle's mechanical systems to ensure they are working properly. This includes checking engine, transmission, braking, steering, and other components.
Some of the major players in the vehicle diagnostics market are Bosch, Continental Automotive, Delphi Automotive, Onstar, Snap-On, Magneti Marelli, Softing, VOXX, Vector, Vidiwave.
The vehicle diagnostics market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Diagnostics 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 Vehicle Diagnostics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Diagnostics 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 Vehicle Diagnostics 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 Vehicle Diagnostics Market Size & Forecast, 2020-2028
4.5.1 Vehicle Diagnostics Market Size and Y-o-Y Growth
4.5.2 Vehicle Diagnostics 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 Light-Duty Vehicle
5.2.2 Commercial Vehicle
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 Automatic Crash Notification
6.2.2 Vehicle Tracking
6.2.3 Vehicle Health Alert
6.2.4 Roadside Assistance
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Diagnostics 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 Vehicle Diagnostics 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 Light-Duty Vehicle
9.6.2 Commercial Vehicle
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 Automatic Crash Notification
9.10.2 Vehicle Tracking
9.10.3 Vehicle Health Alert
9.10.4 Roadside Assistance
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 Light-Duty Vehicle
10.6.2 Commercial Vehicle
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 Automatic Crash Notification
10.10.2 Vehicle Tracking
10.10.3 Vehicle Health Alert
10.10.4 Roadside Assistance
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 Light-Duty Vehicle
11.6.2 Commercial Vehicle
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 Automatic Crash Notification
11.10.2 Vehicle Tracking
11.10.3 Vehicle Health Alert
11.10.4 Roadside Assistance
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 Light-Duty Vehicle
12.6.2 Commercial Vehicle
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 Automatic Crash Notification
12.10.2 Vehicle Tracking
12.10.3 Vehicle Health Alert
12.10.4 Roadside Assistance
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 Light-Duty Vehicle
13.6.2 Commercial Vehicle
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 Automatic Crash Notification
13.10.2 Vehicle Tracking
13.10.3 Vehicle Health Alert
13.10.4 Roadside Assistance
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 Vehicle Diagnostics Market: Competitive Dashboard
14.2 Global Vehicle Diagnostics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Continental Automotive
14.3.3 Delphi Automotive
14.3.4 Onstar
14.3.5 Snap-On
14.3.6 Magneti Marelli
14.3.7 Softing
14.3.8 VOXX
14.3.9 Vector
14.3.10 Vidiwave
