Diagnostics market to grow as tools required

Average vehicle age rise leads to increase market value

Published:  20 December, 2013

The diagnostic scan tools market is expected to grow in the UK as vehicles with more complex electronics get older.

Globally, the market is due to reach $3.1 billion by 2018, with the UK expected to be the fastest growing segment in the next 2-3 years. With a higher average age of vehicle on the road, the independent aftermarket is highlighted to benefit, according to a report by Markets and Markets.

The report also highlights data from Europe and the US, and considers Bosch having a very strong presence in the diagnostic tools market followed by Actia Group and Snap On with strong presence.

The report confirms the importance of diagnostic testing and how this will continue to grow in the coming years. Investment in the technology is expected to be increasingly relevant as the UK's vehicle fleet increases its average age.

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