Global Heavy Truck On-Board Diagnostics Market

Dublin, August 19, 2024 (GLOBE NEWSWIRE) — The report “On-Board Diagnostic System for Heavy-Duty Trucks – Global Strategic Business Report” has been added to The Offer.

The global heavy-duty truck on-board diagnostics system market was estimated to be valued at USD 472 million in 2023 and is expected to reach USD 540.5 million by 2030, growing at a CAGR of 2% between 2023 and 2030.

The growth in the heavy-duty truck OBD system market is driven by several factors, including stringent environmental regulations, the increasing complexity of truck engines and electronic systems, and the increasing emphasis on operational efficiency in the transportation industry. Regulations such as Euro VI and US EPA standards mandate the use of OBD systems to monitor emissions and engine performance, forcing manufacturers to innovate and integrate these systems into all new vehicles.

In addition, engines and vehicle systems are becoming increasingly complex, requiring sophisticated diagnostic tools that can interpret complex electronic signals and alert drivers and technicians to potential problems.

The pursuit of greater operational efficiency and reduced downtime in logistics is also forcing fleet operators to adopt OBD systems that provide detailed analytics and predictive insights to ensure fleet vehicles are running at optimal performance levels. These drivers are collectively driving demand and continuous development in the heavy-duty truck OBD system market.

Key findings:

• Market Growth: Understand the significant growth curve of Class 8 vehicles segment which is expected to reach $389.3 million by 2030 at a CAGR of 2.1%. Class 7 vehicles segment is also expected to grow at a CAGR of 1.5% during the analysis period.

• Regional Analysis: Gain insights into the US market, estimated to reach $128.6 million in 2023, and China, which is forecast to grow at an impressive CAGR of 4.1% per year to reach $105.1 million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.

The story continues

Key questions answered:

• How is the global heavy-duty truck on-board diagnostics market expected to develop by 2030?

• What are the key drivers and restraining factors affecting the market?

• Which market segments will grow the most during the forecast period?

• How will the market shares of different regions and segments change by 2030?

• Who are the leading players in the market and what are their prospects?

Reporting features:

• Comprehensive market data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.

• Detailed Regional Analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.

• Company Profiles: Coverage of major players such as Autel Intelligent Technology Corp., Ltd., AVL DiTEST GmbH, Bosch Automotive Service Solutions LLC (Bosch Diagnostics) and more.

• Free Updates: Get free report updates for one year to stay informed of the latest market developments.

Main features:

Main topics covered:

1. MARKET OVERVIEW

• Insights into the influencer market

• World market development

• Global economic update

• On-Board Diagnostic System for Heavy Trucks – Percentage Market Share of Major Competitors Worldwide in 2024 (E)

• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

2. Focus on selected players

• Autel Intelligent Technology Corp., Ltd.

• AVL DiTEST GmbH

• Bosch Automotive Service Solutions LLC (Bosch Diagnostics)

• Continental Automotive Technologies GmbH

• Cummins, Inc.

• Detroit Diesel Corporation

• iCarsoft Technology Inc.

• iWave Systems Technologies Pvt. GmbH.

• OBD solutions

• Snap One LLC

• Vector Informatik GmbH

3. MARKET TRENDS AND DRIVERS

• Strict emissions regulations are driving the introduction of modern on-board diagnostics

• Increasing demand for fuel efficiency strengthens the market for on-board diagnostics

• The spread of electric and hybrid trucks increases the need for specialized diagnostics

• Growing focus on vehicle availability promotes adoption of predictive maintenance technologies

• The global expansion of the logistics and transportation industry is driving the need for robust diagnostic solutions

• The trend towards autonomous trucks is influencing diagnostic system technologies

• Cloud-based analytics revolutionize truck diagnostics

• Rise of smart cities and connected roads increases the value of on-board diagnostics

• The integration of IoT into heavy-duty vehicles puts real-time monitoring at the center

4. GLOBAL MARKET PERSPECTIVE

• Global Heavy Truck On-Board Diagnostics Market Analysis by Annual Revenue in Thousand US Dollars for the Years 2014 to 2030

• Worldwide Heavy Truck On-Board Diagnostic Systems Recent Past, Present and Future Analysis by Geographical Region – Independent Analysis of Annual Revenue in Thousand US Dollars for Years 2023-2030 and % CAGR

• Worldwide historical overview of Heavy Truck On-Board Diagnostic Systems by geographic region – Independent analysis of annual revenues in thousands of US dollars for years 2014 to 2022 and % CAGR

• Worldwide 16-year outlook for on-board diagnostic systems for heavy trucks by geographic region – Percentage breakdown of revenue value for the years 2014, 2024 and 2030

• Worldwide analysis of recent past, present and future for Class 8 vehicles by geographic region – Independent analysis of annual sales in thousands of US dollars for the years 2023 to 2030 and % CAGR

• World Historic Review for Class 8 Vehicles by Geographic Region – Independent Analysis of Annual Sales in Thousands of US Dollars for Years 2014-2022 and % CAGR

• Global 16-year perspective for Class 8 vehicles by geographic region – Percentage breakdown of sales value for 2014, 2024 and 2030

• Worldwide analysis of recent past, present and future for Class 7 vehicles by geographic region – Independent analysis of annual sales in thousands of US dollars for the years 2023 to 2030 and % CAGR

• World Historic Review for Class 7 Vehicles by Geographic Region – Independent Analysis of Annual Sales in Thousands of US Dollars for Years 2014-2022 and % CAGR

• Global 16-year perspective for Class 7 vehicles by geographic region – Percentage breakdown of sales value for 2014, 2024 and 2030

For more information about this report visit https://www.researchandmarkets.com/r/ugr1d6

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