According to latest research, engine tuner market is anticipated to advance at a steady growth of approximately 3.8% to 4.2% CAGR during 2021 to 2031. During the forecast period, rising automotive sales and rise in use of sporting events as well as increase the performance of the vehicle, will drive up demand for engine tuner market.
What is Driving Demand for Engine Tuner?
Engine tuning is the process of fine-tuning or modifying an internal combustion engine or its control unit to achieve peak performance and improve the engine’s efficiency, economy, or longevity. Tuning can comprise a wide range of adjustments and modifications, from simple carburettor and ignition system adjustments to complete engine overhauls. Tuning an engine’s performance may entail revisiting some of the design decisions made during the engine’s development.
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The market will benefit from the increased demand for high-performance engines, particularly diesel models. As a result of this, vehicle owners have grown more aware of the benefits and drawbacks of remapping. There has been an upsurge in demand for car tune and engine tuning. As result of this, many new vehicle models have had success with engine tuning facilities to solve problem with exhaust gas recirculation systems.
The discovery of engine tuning has aroused the curiosity of both car fans and racers. This has helped regulated engine tuning service dealers in a number of developing countries throughout the world. They want to get the best power-to-fuel efficiency ratio possible. This is done by gaining access to the on-board diagnostics ports and, in most cases, overwriting the existing settings. This is commonly referred to as OBD tuning, and it is gaining popularity among engine tuners.
Demand from High Performance as well as Fuel Efficient Vehicle Positively Affecting Growth
The demand for engine tuner in automotive sector is creating different opportunities for engine tuner manufacturer and service providers. These vehicles done with engine remapping are increasing as vehicle owners become more aware of the value for remapping and tuning services which help in improving engine efficiency. Many car owners seek the engine remapping to improve their vehicle performance, which includes increasing engine speed, fuel efficiency, torque, superior handling and responsiveness.
Despite the large initial investment necessary for engine tuning and remapping services, they are likely to grow in popularity as a result of the growing need to increase engine performance, which will help them cut operating costs and fuel consumption and improve operational margins. Engine tuning and engine remapping services will continue to see considerable growth due to the development of a number of new competitors, as well as rapid technology advancements across regions.
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North America Engine Tuner Sales Outlook
North America is estimated to be one of the prominent region globally. The U.S market is set to account for substantial share in global market during the assessment period 2021-2031.
Engine tuning and engine remapping services will continue to increase due to the presence of some of the industry’s major companies, as well as rapid technological advancements in automotive technology. Because of the engagement of a number of well-known players in these regional markets, they’ve gained traction. The rapidly growing popularity of passenger vehicle engine tuners has increased income capacity in these areas.
Europe Engine Tuner Demand Outlook
During the projection period, Europe is expected to increase at a stable pace. The growth in automotive components in the cars in this region, increasing vehicle numbers and strong aftermarket are the major factors for the increasing demand for engine tuner.
The United Kingdom and Germany, as Europe’s largest shareholders, are seeing an increase in demand for passenger cars and commercial vehicles. Manufacturers have been steadily expanding their consumer base in the United Kingdom in recent years. With Germany’s automotive sector continuing to flourish, demand is projected to rise. As the number of vehicles on the road increases, drivers in the country are looking for excellent performance.
Who are the Key Manufacturers and Suppliers of Engine Tuner?
Some of the leading manufacturer and suppliers of engine tuner include Derive Systems, Cobb Tuning, Alientech SRL, Roo Systems, EFI Live, Magic Motorsports, Edge Products, Mountune, Autotuner, Flashtec SA, Quantum Tuning and others.
Engine tuner is supplied by several leading manufacturers and supplier under long-term contracts with end-user. Furthermore, manufacturers are focusing on expanding their manufacturing facilities in Europe and North America in order to meet the region’s growing demand.
Key Segment
By Fuel Type
- Gasoline
- Diesel
By Application
- Passenger vehicle
- Hatchback
- Sedan
- SUV
- Commercial vehicle
- Light commercial vehicle
- Heavy commercial vehicle
- Buses & coaches
By Sales Channel
- OEM
- Aftermarket
By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Europe
- Germany
- Italy
- France
- K.
- Spain
- BENELUX
- Russia
- South Asia and Pacific
- India
- ASEAN
- Australia & New Zealand
- East Asia
- China
- Japan
- South Korea
- Middle East & Africa
- GCC
- Turkey
- South Africa
- North Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Market Report Highlights:
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- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
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- Potential and niche segments, geographical regions exhibiting promising growth
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