LONDON — (BUSINESS WIRE) — June 26, 2018 — Technavio analysts forecast the global motorcycle diagnostic scan tools market to generate a revenue of around USD 1.17 billion by 2022, according to their latest market research report.
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Technavio has published a new market research report on the global motorcycle diagnostic scan tools market from 2018-2022. (Graphic: Business Wire)
The emergence of artificial intelligence and cloud computing is one of the major trends being witnessed in the global motorcycle diagnostic scan tools market. Artificial intelligence and cloud computing are playing an important role in changing the facets of the global motorcycle industry. Cloud computing and IoT offer numerous advantages that help motorcycle OEMs and tier-1 suppliers to deploy artificial intelligence for motorcycle applications.
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In this report, Technavio analysts highlight the advantages associated with the use of motorcycle diagnostic scan tools as a key factor contributing to the growth of the global motorcycle diagnostic scan tools market:
Global motorcycle diagnostic scan tools market: Advantages associated with the use of motorcycle diagnostic scan tools
The global motorcycle diagnostic scan tools market is growing in sync with the increasing sales of motorcycles. Increasing integration of electronics in motorcycle design and development is acting as a driver for the market. Additionally, the motorcycle diagnostic scan tools market is witnessing growth because of the advantages of such tools for the technicians and mechanics.
According to a senior analyst at Technavio for research on automotive services, “Modern motorcycles make use of high-end electronics that perform crucial functions. Thus, the use of appropriate diagnostic scan tools is significant in case any such electronics-based system malfunctions. The need for such tools increases in case the motorcycle technician or mechanic is amateur.”
Global motorcycle diagnostic scan tools market: EMEA tops the market
This market research report segments the global motorcycle diagnostic scan tools market based on tool type (PC-based and handheld) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
EMEA was the leading region for the global motorcycle diagnostic scan tools market in 2017. It accounted for a market share of more than 46%. It was followed by the Americas and APAC. APAC is expected to project the fastest growth during the forecast period and the market share of this region will increase by more than 9% by 2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario