The global automotive performance tuning and engine remapping services market is expected to attain a valuation of USD 586.22 million in 2023 and is projected to reach USD 1,100 million by 2033. The market is expected to rise at a CAGR of 6.4% from 2023 to 2033.
The automotive performance tuning and engine remapping service market is rapidly gaining from the growing awareness of vehicle owners about the importance of automotive performance tuning and engine remapping services. These facilities were previously only available to auto racers.
In recent years, automotive tuning services have become increasingly popular in both the passenger and commercial vehicle markets. During the forecast period, starting from 2023 to 2033, the market is expected to expand due to the increasing penetration of tuning and engine remapping services in passenger vehicles.
The increasing utilization of tuning and engine remapping services in passenger cars worldwide is a significant driver of the automotive performance tuning and engine remapping services market. The surge in demand for greater power and torque, coupled with the growing popularity of these services, which involve effectively reprogramming the vehicle's ECU software, is propelling the market's growth.
The widespread adoption of these services is fuelled by their ability to offer various engine enhancements without the need for hardware installation or modifications. Additionally, the market is accelerated by the rising demand for high-power engines, particularly in diesel variants.
The market is further bolstered by factors such as increased disposable income, rapid urbanization, the digitization of automotive technology, and the expansion of the automotive industry.
Report Attribute | Details |
---|---|
Expected Market Value (2023) | USD 586.22 million |
Anticipated Forecast Value (2033) | USD 1,100 million |
Projected Growth Rate (2023 to 2033) | CAGR of 6.4% |
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The automotive performance tuning and engine remapping services market was worth USD 450 million in 2018. It accumulated a market value of USD 550.74 million in 2022 while growing at a CAGR of 5.1% during the historical period.
Automotive performance tuning and engine remapping are done for performance improvements in automobiles. These services have gained popularity in recent years, especially among car enthusiasts and automakers. Engine remapping technology effectively remaps the software in the vehicle's ECU, resulting in increased power and torque. Without installing or modifying any hardware, performance tuning and engine remapping in vehicles can offer a variety of other engine characteristics.
The rising demand for high-power engines, especially in diesel variants will bode well for the market. Vehicle owners also have become more mindful about the advantages and disadvantages of remapping as a result of this. The market for vehicle performance tuning and engine remapping services has seen an increase in demand as a result of this. Many new vehicle models have had success with remapping facilities to solve problems with exhaust gas recirculation (EGR) systems.
Chip tuning's discovery has piqued the interest of automotive enthusiasts and racers alike. Regulated remapping service dealers in a number of developing countries around the world have benefited as a result of this. They want to achieve the ideal power-to-fuel-efficiency ratio. This is accomplished by gaining access to onboard diagnostics ports and, in most cases, overwriting the current settings. This is often referred to as OBD tuning by which remapping is gaining more market growth.
Future Market Insights reports that the automotive performance tuning and engine remapping sales have grown at a 5.1% CAGR between 2018 and 2022 Due to the increasing demand from industries such as the construction industry, mining sector, transportation sector, agriculture, and supply chain, the heavy commercial vehicle fleet is rapidly expanding.
Over the forecast period, rising fleet and fuel costs are expected to fuel the demand for vehicle performance tuning and engine remapping services. To get more power, torque, drivability, and BHP, commercial vehicle fleet operators and owners are increasingly turning to performance tuning and engine remapping services.
The market for automotive performance tuning and engine remapping services is expected to reach USD 1,100 million by 2033 while exhibiting a CAGR of 6.4% during the forecast period.
The demand for tuning and engine remapping in automobile sector is creating different opportunities for engine tuning and remapping parts manufacturers and service providers. These vehicles done with performance tuning and engine remapping are increasing as vehicle owners become more aware of the value for remapping and tuning services which helps in improving engine efficiency.
Many car owners seek the performance tuning and engine remapping to improve their vehicles performance, which includes increasing engine speed, fuel efficiency, Torque, superior handling and responsiveness.
Despite the high initial investment required for automotive performance, tuning, and engine remapping services, they are expected to gain popularity in response to the increasing need for improving engine performance and remapping which will help them to reduce operating costs and fuel consumption in order to improve operational margins.
The emergence of a number of existing players, as well as rapid technological advances across regions, will continue to drive significant growth in automotive performance tuning and engine remapping services.
The Unites States is expected to account for more than 26% market share in the automotive performance tuning and engine remapping services market by 2033. The market in this region is expected to grow with a CAGR of 6.2% throughout the forecast period. The presence of some of the leading players, as well as rapid technological advances in the automotive technology, will continue to drive significant growth in automotive performance tuning and engine remapping services.
The market across the United States has 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.
Being the largest shareholder in Europe, both the United Kingdom and Germany exhibit increasing demand for passenger and light commercial vehicles. The markets of United Kingdom and Germany are projected to grow with CAGR of 5.9% and 6.1% respectively during the forecast period.
In recent years, manufacturers are continuously developing new base of the customers in United Kingdom. Within Germany, the demand is expected to increase as the German automotive sector continues to develop. Drivers in the country are looking for high-performance as the number of vehicles on the road grows.
India is anticipated to remain a key player in the market by accumulating over 14.6% market share in 2023. The region is expected to grow with a CAGR of 6.3% during the forecast period. Performance tuning and engine remapping for automobiles are highly personalized and expensive services.
As a result, compact and luxury cars are projected to be the market's fastest-growing segments. The growing vehicle production in South Asian countries such as India, Australia among others is expected to drive the demand for automotive performance tuning and engine remapping services.
In Asia Pacific, China is projected to account for a leading share in automotive performance tuning and engine remapping services market by the end of the forecast period. The regional market is expected to thrive at a CAGR of 6.5% throughout the forecast period. Due to increased automotive activities in China, the country’s automotive industry is projected to be among the leading markets for sales of performance tuning and engine remapping services.
The automotive industry in China has expanded in tandem with the increase in the number of manufacturers due to the growing number of vehicles in the region. China's automotive supplier landscape is highly fragmented. In order to obtain a competitive advantage, the majority of foreign automakers and component manufacturers have heavily invested in China.
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Performance tuning and engine remapping services has being gaining remarkable momentum in the passenger and commercial vehicle markets, beyond their conventional application in auto racing.
According to the forecast, passenger vehicles and light commercial vehicles (LCVs) account for approximately 70% of demand for performance tuning and engine remapping services. However, the passenger vehicles segment is expected to dominate the market by growing at a CAGR of 6.6% during the forecast period.
Diesel fuel vehicles have a significant market share in terms of automotive efficiency tuning and engine remapping. Diesel fuel vehicles are expected to account for over 72% market share by end of the forecast period. The segment is expected to grow with a significant CAGR of 6.8% during the forecast period.
Boosting the fuel/air ratio, as in diesel vehicles, lets the vehicles achieve good performance as well as good quality and more power output from the engines. Since most fleets run on diesel fuel, the ability to load carrying capacity of the fleets is increased by performance tuning and engine remapping, which benefits fleet owners as fuel prices rise.
By tuning method, OBD ports segment is expected to account for a sizeable share while growing at a CAGR of 7% during the forecast period. OBD Tuning method is effective and mostly preferred by vehicle owners it has also benefited all the authorized engine remapping dealers worldwide as this method aims in attaining perfect balance of power and fuel economy.
This is accomplished by gaining access to onboard diagnostics ports and, in most cases, overwriting the current settings in the vehicles without any major disassembly of parts in the vehicles.
Start-ups are crucial in identifying growth opportunities, including the automotive performance tuning and engine remapping services market. They effectively convert inputs to outputs and adapt to market changes, contributing to the industry's expansion. Some start-ups are expected to drive growth in the automotive performance tuning and engine remapping services market.
The automotive performance tuning and engine remapping services market is highly competitive, with several key industry players investing heavily in the production of these services.
Key industry players are Turbo Dynamics Ltd, EcuTek Technologies Ltd., Quantum Tuning Ltd., Tuning works Inc., VIEZU Technologies LTD, ABT Sports line GmbH, Roo Systems, Shift Performance, Emaps Performance, CODE 6 Tuning, LAYTON REMAPS & PERFORMANCE, Wolf Moto, Revolution Automotive, SLT Remapping & Diagnostics LTD.
Some recent developments in the market are:
Report Attribute | Details |
---|---|
Market Value in 2023 | USD 586.22 million |
Market Value in 2033 | USD 1,100 million |
Growth Rate | CAGR of 6.4% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Vehicle Type, Fuel Type, Tuning Stage, Tuning Method, Application, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Indonesia, Singapore, Thailand, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | 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; CODE 6 Tuning; LAYTON REMAPS & PERFORMANCE; Wolf Moto; Revolution Automotive; SLT Remapping & Diagnostics LTD |
Customization & Pricing | Available Upon Request |
The global market size is to reach USD 1,100 million by 2033.
North America is projected to emerge as a lucrative market.
The growth potential of the global market is 5.1% in 2023.
The rising operational costs is likely to limit market growth.
China is likely to secure a significant CAGR of 6.5% in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 5.1. Passenger cars 5.2. Light commercial Vehicles 5.3. Heavy Commercial Vehicles 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fuel Type 6.1. Petrol 6.2. Diesel 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tuning Stage 7.1. Stage 1 7.2. Stage 2 7.3. Stage 3 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tuning Method 8.1. OBD Ports 8.2. Bench Tuning 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 9.1. Racing 9.2. Fuel Economizing 9.3. Performance Tuning 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. MEA 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Tuning Works Inc. 18.2. VIEZU Technologies LTD 18.3. ABT Sports line GmbH 18.4. Roo Systems 18.5. Turbo Dynamics Ltd 18.6. EcuTek Technologies Ltd. 18.7. Quantum Tuning Ltd. 18.8. Shift Performance 18.9. Emaps Performance 18.10. CODE 6 Tuning 18.11. LAYTON REMAPS & PERFORMANCE 18.12. Wolf Moto 18.13. Revolution Automotive 18.14. SLT Remapping & Diagnostics LTD 19. Assumptions & Acronyms Used 20. Research Methodology
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