The automotive performance tuning and engine remapping services market is forecast to grow at a CAGR of 6.3% from 2021 to 2031. Automotive performance tuning and engine remapping services market is driven by the increasing focus on customization of vehicles. The increasing trend towards owing high performance vehicles, coupled with surging fuel prices are key factors driving growth. Automotive performance tuning and engine remapping services have been gaining remarkable momentum in the passenger and commercial vehicle markets, from their conventional application in automotive racing.
Automotive performance tuning and engine remapping services aim to improve the performance and efficiency of a variety of vehicles. Previously, automotive performance tuning and engine remapping services were only available for race cars, but they’ve gained a lot of popularity as a trend in passenger and commercial vehicles. During the forecast period, this factor is expected to be one of the major driving forces for the global automotive performance tuning and engine remapping services market (2021-2031).
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Key takeaways of Automotive Performance Tuning and Engine Remapping Services Market Study
- Driven by increasing demand for high-performance vehicles, the automotive performance tuning & engine remapping market will register 6.3% CAGR between 2021 and 2031
- Increasing expenditure on ensure fuel efficiency in vehicles will drive growth in the U.S., enabling it to account for over 85% sales in North America in 2021
- After a year of negative sales, sales in the U.K. will improve, exhibiting 6.6% y-o-y growth in 2021
- Germany and France too will continue exhibiting high demand, backed by rising vehicle production and sales
- Expansion of the automotive sector will boost sales in China, catapulting it as a leading market for automotive performances tuning & engine remapping
“Rising popularity of engine performance tuning and remapping in recent years is likely to drive global automotive performance tuning and engine remapping services market. Most players around the world are focusing on the expansion of the supply chain. As a result, engine tuning and remapping is gaining popularity among vehicle owners as it also increases the service life of vehicles engines,’’ says Future Market Insights analyst.
The performance tuning and engine remapping services are intended to improve the performance and economy of various types of vehicles. Performance tuning and engine remapping services were reserved for automotive racing only, but have significantly gained traction in the market as a trend in passenger and commercial vehicles as well. This factor is projected to be one of the key driving factors for the global performance tuning and engine remapping services market during the forecast period.
Who Is Winning?
The report includes some of the key market participants that are prominent and have established themselves as leaders in the global as well as regional markets for automotive performance tuning and engine remapping services. Some the key players in the automotive performance tuning and engine remapping services market are Quantum Tuning, RS Tuning, Turbo Dynamics, EcuTek Technologies Ltd., Roo Systems, ABT Sports line GmbH, Tuning Works Inc., Shift Performance, Layton Remaps, and TuneOTronics, among others.
Valuable Insights into Automotive Performance Tuning & Engine Remapping Services Market
Future Market Insights, in its new report, offers an unbiased analysis of the global automotive performance tuning & engine remapping services market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the market on the basis of vehicle type, fuel type, tuning stage, tuning method, and application across seven regions.
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Scope of the Report
|Historical Data Available for||2016-2020|
|Market Analysis||USD Million for value and Units for Volume|
|Key Regions Covered||North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa|
|Key Countries Covered||US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Oceania, Turkey, Northern Africa, South Africa|
|Key Segments Covered||Vehicle Type, Fuel Type, Tuning Stages, Tuning Method, Application, Regions|
|Key Companies Profiled||
|Report Coverage||Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives|
|Customization & Pricing||Available upon Request|
Key Questions Answered in the Report
- Which is the most lucrative market for automotive performance tuning and engine remapping services?
Europe and North America have proven to be very profitable markets. They’ve gained traction as a result of the involvement of a number of well-established players in these regional markets. The rapidly rising popularity of passenger vehicle remapping services has boosted these regions revenue capacity.
- Which is the preferred Tuning method in automotive performance tuning and engine remapping services market?
OBD Port tuning method is most preferred method as it aims in attaining perfect balance of power and fuel economy.
- Which vehicle type tuning and engine remapping mostly preferred?
Passenger vehicles and Light commercial vehicles have the highest share in automotive performance tuning and engine remapping.