Analysis of Automotive Diagnostic Scan Tools Market in North America: Canada's Market to Exhibit a CAGR of 6.4% during (2021-2027)

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Dublin, April 21, 2022 (GLOBE NEWSWIRE) -- The "North America Automotive Diagnostic Scan Tools Market Size, Share & Industry Trends Analysis Report By Type, By Workshop Equipment, By Connectivity, By Vehicle Type, By Offering Type, By Handheld Scan Tools, By Country and Growth Forecast, 2021-2027" report has been added to ResearchAndMarkets.com's offering.

The North America Automotive Diagnostic Scan Tools Market is expected to witness market growth of 4.0% CAGR during the forecast period (2021-2027).

Diagnostic scan tools, like all other automobile components, have evolved with the advent of technology. Today's diagnostic scan equipment are extremely efficient and sophisticated, capable of analysing complicated codes while running diagnostics on the vehicle's powertrain, body, and chassis. These tools are often found in service stations for all sorts of automobiles.

North America includes developed nations such as the United States, Mexico, and Canada. North America is a major hub for several well-known OEMs that are known for producing high-quality, high-performance automobiles. The United States is predicted to be the forerunner in the automotive diagnostic scan tools market and will be the fastest-growing market throughout the forecast period. Because of its technological dominance, the United States has been able to offer improved diagnostic scan instruments with complex software. Growth in the diagnostic software market in North America is further aided by severe safety and fuel economy standards, as well as the installation of electronics-based driving safety and comfort technologies. The challenges involved in operating these diagnostic scan equipment, including its price, which may be out of reach for many customers throughout the world, are restricting the market's growth.

The US market dominated the North America Automotive Diagnostic Scan Tools Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $8,515.2 million by 2027. The Canadian market is exhibiting a CAGR of 6.4% during (2021-2027). Additionally, Mexico's market is expected to display a CAGR of 5.5% during (2021 - 2027).

Based on Type, the market is segmented into Professional Diagnostics, OEMs Diagnostics and DIY Diagnostics. Based on Workshop Equipment, the market is segmented into Dynamometer, Headlight Tester, Fuel Injection Diagnostic, Engine Analyzer, Wheel Alignment Equipment, Pressure Leak Detection, Paint Scan Equipment and Exhaust Gas Analyzer. Based on Connectivity, the market is segmented into USB, Wi-Fi, Bluetooth.