Motorcycle diagnostic scan tools market size to grow by $311.98 million, benefits associated with the use of motorcycle diagnostic scan tools to stimulate market growth

NEW YORK, November 22, 2022 /PRNewswire/ — The “Motorcycle diagnostic scan tools market by type (PC and mobile based) and region (APAC, Europe, North America, Middle East And AfricaAnd South America) – The “Forecast and Analysis 2022-2026” report has been added to the Technavio offer. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. The potential growth difference for the Motorcycle Diagnostic Scan Tools market size between 2021 and 2026 is USD 3110.98 million. To get the exact annual growth variance and year-on-year growth rate, Request a FREE sample report.

Technavio has announced its latest market research report titled Global Motorcycle Diagnostic Scan Tools Market 2022-2026

Main market dynamics

  • Market Drivers: The benefits associated with the use of motorcycle diagnostic scan tools are driving the growth of the market. Motorcycle sales are on the rise. Additionally, the growing integration of electronics into motorcycle design and development is fueling market growth. Motorcycle diagnostic tools have various advantages. Modern motorcycles use high-end electronics that perform crucial functions. Therefore, the use of proper diagnostic scan tools is important to prevent electronics-based system malfunctions. Additionally, these tools are inexpensive and can reduce the number of visits to workstations or service centers.

  • Market Challenge: The high cost of PC-based workstations will challenge the market during the forecast period. Motorcycle diagnostic scan tools have various issues, such as the cost of buying the full system. Diagnostic workstations for motorcycle applications require multiple functionalities and features and use advanced software using complex algorithms. However, the costs of complete diagnostic workstations are relatively high. Therefore, the cost burden tends to shift to consumers. Such acts of factors will challenge the growth of the global motorcycle diagnostic scan tools market.

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The PC-based segment will be a significant contributor to the growth of the market during the forecast period. PC based motorcycle diagnostic scan tools having various advantages such as minimal diagnostic time, accurate location of problems and quickest approach to finding the solution are driving its penetration rate among motorcycle workstations. Many authorized motorcycle shops or service stations have installed such tools. Additionally, the market share of mid-range and premium bikes has grown over the years, which is fueling the need for advanced PC-based diagnostic scan tools. The global motorcycle industry is seeing the penetration of advanced systems and technologies, which leads to the need for diagnostic tools and software. Major players such as HELLA, TEX and EOS Motorscan Division offer customized PC-based diagnostic tools.

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APAC extension will be the leading region with 42% of the market growth during the forecast period. China And India are the key countries for Motorcycle Diagnostic Scan Tools market in APAC.

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Some companies mentioned

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Market scope of motorcycle diagnostic scan tools

Report coverage

Details

Page number

120

Reference year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate to a CAGR of 6.5%

Market growth 2022-2026

USD 311.98 million

Market structure

Focused

Year-Over-Year Growth (%)

5.62

Regional analysis

APAC, Europe, North America, Middle East and Africa and South America

Performing market contribution

42% APAC

Main consuming countries

United States, China, India, Germany and the United Kingdom

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Profiled companies

Autel Intelligent Technology Co., Duonix GmbH, Eautotools, HealTech Electronics Ltd., HELLA GmbH and Co. KG, Snap On Inc., TEXA SpA and Vamag Srl

Market dynamics

Analysis of the main market, drivers and barriers to market growth, analysis of the fast and slow growing segments, the impact of COVID-19 and future consumer dynamics and market condition analysis for the forecast period.

Customization expertise

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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Main topics covered

1 Executive Summary

2 Market landscape

3 Market sizing

4 Analysis of the five forces

5 Market segmentation by type

6 Customer landscape

7 Geographical landscape

8 drivers, challenges and trends

9 Supplier overview

10 Vendor analysis

11 Appendix

Who we are

Technavio is a world-leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, covering 800 technologies, spanning 50 countries. Their client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base is based on Technavio’s comprehensive coverage, extensive research and actionable market insights to identify opportunities in the markets existing and potential and evaluate their competitive positions within evolving market scenarios.

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Global Motorcycle Diagnostic Scan Tools Market 2022-2026

Global Motorcycle Diagnostic Scan Tools Market 2022-2026

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