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The motorcycle diagnostic scan tools market size is estimated to increase by USD 365.54 million and grow at a CAGR of 6.74% between 2023 and 2028. The motorcycle diagnostic scan tools market is propelled by several factors including the myriad advantages they offer, such as enhanced diagnostic capabilities and streamlined repair processes. Additionally, the increasing electrification of professional diagnostic and repair tools is driving innovation in the industry, enabling more efficient and accurate troubleshooting. Moreover, the growing integration of motorcycle-connected technology is further augmenting market growth by providing real-time data and insights. However, the market faces challenges such as the high cost associated with PC-based workstations, limitations of motorcycle diagnostic scan tools, and the relatively low penetration of advanced motorcycle systems in Asia. Overcoming these challenges will be crucial for unlocking the full potential of the motorcycle diagnostic scan tools market and catering to the evolving needs of the industry.
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The PC-based segment is estimated to witness significant growth during the forecast period. The multi-function benefits associated with the use of PC-based drive the market. In addition, authorized motorcycle workshops or service stations have increased the installation of such diagnostic tools. Moreover, the market share of mid-segment and premium bikes has increased over the years, which is pushing the need for advanced PC-based diagnostic scan tools.
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The PC-based segment was the largest segment and was valued at USD 594.99 million in 2018. Moreover, the industry is focused on breakdown management with minimal downtime. This can be achieved with the help of advanced PC-based diagnostic scan tools. Furthermore, prominent players, such as HELLA, TEX, and EOS Motorscan Division, offer customized PC-based diagnostic tools. All these factors related to the PC-based market will drive the growth of the market in focus during the forecast period.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC includes the fastest-growing motorcycle markets across the globe, including China, India, and the Association of Southeast Asian Nations (ASEAN). India, China, Indonesia, Japan, South Korea, Taiwan, Australia, and Thailand are the major contributors to the growth of the market. These countries are witnessing increasing electrification of motorcycle systems, which is driving the adoption rate of advanced tools in the region. Thus, such factors are expected to drive the growth of the market during the forecast period.
The market is evolving with the integration of cloud-based diagnostic features, providing remote access and enhanced functionality. However, challenges persist due to factors like raw material extraction affecting production costs and copper price fluctuations impacting affordability. Part exports and operations in assembly plants are influenced by trade restrictions and economic conditions, necessitating strategies for resilience and adaptability. Moreover, advancements in robotic efficiency and consistency enhance manufacturing processes, catering to the demand for reliable diagnostic tools. The rise of autonomous vehicles and the need for OBD requirements compliant solutions further shape market dynamics, alongside advancements in telematics devices and diagnostic software. Industry leaders like Snap-on Incorporated and Continental drive innovation in vehicle production and automotive workshops, leveraging materials like steel, copper, and aluminum while embracing technologies like machine learning for improved accuracy and active safety systems for enhanced driver assistance. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing integration of motorcycle-connected technology is the key factor driving the growth of the market. Increasing integration of connected car technologies is expected to revolutionize the global automotive industry, which is evident with the emergence of vehicle-to-vehicle (V2V) technology. Increasing the penetration rate of such technologies in modern vehicles is not only making the vehicles safer but also contributing to efficient traffic management, roadside assistance, fuel efficiency, and energy efficiency.
In addition, similar trends can be seen in the global motorcycle industry, wherein motorcycle OEMs and tier-1 suppliers are working on motorcycle connectivity. R&D of motorcycle connectivity suites and solutions has significantly increased over the past couple of years. Hence, the implementation of connected technologies in the global motorcycle industry will drive the growth of the global market during the forecast period.
The development of compact diagnostics tools by workshops or service stations is the primary trend shaping market growth. Small Vehicle Diagnostics showcased the Motorscan smartphone diagnostic adapter, specially designed for Harley-Davidson motorcycles that can be operated with fingertips on both Android and iOS. It is based on plug-and-leave type motorcycle diagnostic tools with improved compatibility. The information can be accessed through a mobile app, which is available for both Android and iOS smartphones.
Moreover, the adapter can be plugged into the motorcycle's diagnostic port. This helps make the complete process more convenient for both the rider and technician. Similar tools are being designed and developed that are handy and convenient to use, thereby making the whole process save time and energy. Thus, these components will drive the growth of the market during the forecast period.
The disadvantages of motorcycle diagnostic scan tools is a challenge that affects market growth. Despite the benefits, like comfort in use and high precision in terms of finding faults and errors in the system's working. In addition, not all tools available in the market can be upgraded, and most of the tools used in the workshops and service centers have compatibility issues. In such cases, alternative diagnostic scan tools are required, which is time-consuming and inconvenient.
Additionally, diagnostic scan tools may vary in features and scope, which can be a challenge for an amateur technician or mechanic, as they may not have access to the necessary reference or learning material to comprehend the use of the tools. Therefore, these disadvantages will restrict the growth of the global market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 12 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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The market is influenced by various factors, including the stringent OBD requirements and emission regulations, which drive the demand for advanced diagnostic solutions. Telematics devices and diagnostic software facilitate data storage and accessibility, with cloud-based features offering enhanced functionality. Key players like Snap-on Incorporated and Continental provide precision services and cutting-edge diagnostic technologies. Automakers like Daimler, General Motors, and Volvo rely on proprietary interfaces for diagnostics. Additionally, electrification offerings and turnkey testing solutions from HORIBA Automotive and others cater to evolving industry needs. Despite challenges like high initial costs and trade restrictions, rising urbanization and emerging economies fuel demand, particularly in the passenger cars segment. Advanced features like machine learning and active safety systems underscore the market's potential for innovation and growth.
Moreover, the market is influenced by various factors, including stringent emission regulations driving the need for advanced diagnostic solutions. Data accessibility and cloud-based diagnostic features enhance functionality and efficiency. Tools incorporating 3D metrology and inspection measurement processes ensure accuracy and precision. Proprietary interfaces are utilized by manufacturers for diagnostics, while industry events like Auto Glass Week serve as platforms for showcasing innovations. Electrification offerings and single component testing cater to evolving needs in vehicle production and automotive workshops. Factors like steel, copper, and aluminum prices impact costs, while advancements in USB, Bluetooth, and Wi-Fi connectivity enable seamless data transfer. Amid intense competition, winning strategies involve offering driver assistance and autonomous vehicle support, addressing demand drivers while navigating potential challenges in the market.
Motorcycle Diagnostic Scan Tools Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.74% |
Market Growth 2024-2028 |
USD 365.54 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
6.09 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Autel Intelligent Technology Co., Duonix GmbH, Duynojet Research Inc., Eautotools, HealTech Electronics Ltd., HELLA GmbH and Co. KGaA, Hex Innovate UK Ltd., Moto Tech Diagnostics, Nexas Tech, Snap On Inc., TEXA SpA, and Vamag Srl |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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