The automotive performance tuning and engine remapping services market demand is forecast to grow at a CAGR of 6.3% during forecast period.
The market for automotive performance tuning and engine remapping services is propelled by the growing interest in vehicle customization. The rising popularity of high performance automobiles and the rising cost of fuel are major growth drivers.
From its traditional use in auto racing, automotive performance tuning and engine remapping services have been gaining impressive traction in the passenger and commercial vehicle markets.
The goal of engine remapping and automotive performance tuning is to increase the effectiveness and performance of various automobiles. Previously primarily accessible for race cars, automobile performance tuning and engine remapping services have become very popular in both passenger and commercial vehicles. This aspect is anticipated to be one of the key driving forces for the global market for automotive performance tuning and engine remapping services during the forecast period (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.
Some of the leading companies operating in the market are:
- Tuning works Inc.
- VIEZU Technologies LTD
- ABT Sports line GmbH
- Roo Systems
- Turbo Dynamics Ltd
- EcuTek Technologies Ltd.
- Quantum Tuning Ltd.
- Shift Performance
- Emaps Performance
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Automotive performance tuning and engine remapping services Market
By Vehicle Type
- Passenger cars
- Light commercial Vehicles
- Heavy Commercial Vehicles
By Fuel Type
- Petrol
- Diesel
By Tuning stage
- Stage 1
- Stage 2
- Stage 3
By Tuning Method
- OBD Ports
- Bench Tuning
By Application
- Racing
- Fuel Economizing
- Performance tuning
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By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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