The global Engine Tuner market is expected to witness a market value of US$ 3.6 Billion in 2023 and is expected to accumulate a market value of US$ 5.9 Billion by registering a CAGR of 5.2% in the forecast period 2023 to 2033. The Engine Tuner market registered a CAGR of 2.6% in the historical period 2018 to 2022. Factors such as the increasing automotive sales, as well as rise in the performance of the vehicle, are expected to boost the market growth over the analysis period.
As per Future Market Insights - market research and competitive intelligence provider, the global market value for Engine Tuner has been flourished. One of the major factors that is expected to accelerate the market growth includes a continually rising demand for high-performance vehicles. There has been a growing demand for high-performance vehicles that offer superior acceleration, handling, and speed. Engine tuners can enhance the engine's power output and torque, improving the vehicle's overall performance. As a result, many car enthusiasts and performance enthusiasts are looking for ways to boost their vehicles' performance, leading to increased demand for engine tuners.
Additionally, the governments globally have been implementing stringent emissions regulations to reduce air pollution and greenhouse gas emissions. Engine tuners can help reduce emissions by optimizing the engine's fuel efficiency and, by reducing the amount of harmful pollutants emitted. As a result, many vehicle owners are turning to engine tuners to help them comply with these regulations.
The electric and hybrid vehicles are gaining a significant momentum, due to their environmental friendliness and fuel efficiency. However, these vehicles still require an engine to power the electric motor or recharge the batteries. Engine tuners can help optimize the engine's performance and efficiency, improving the vehicle's overall range and reducing the need for fuel. This is a major factor that is likely to accelerate the market growth during the forecast period.
Increasing availability of engine tuners is one of the major factors that is anticipated to propel the market growth. Engine tuners were once only available to professional mechanics and performance enthusiasts. However, the growing popularity of engine tuners has led to their widespread availability to the general public. Many engine tuners are now plug-and-play devices that can be easily installed by the vehicle owner themselves, making them more accessible to the general public.
Furthermore, the engine tuner market is continually evolving due to advancements in technology. Engine tuners are becoming increasingly sophisticated, offering more advanced features and functionality. For instance, some engine tuners now offer wireless connectivity, allowing the user to control and monitor the engine's performance through a smartphone app. As engine tuners become more advanced, they will become even more appealing to vehicle owners. This factor is expected to augment the demand for engine tuner, in the forthcoming years.
On the regional end, the Engine Tuner market in North America is expected to account for the maximum share during the analysis period. Factors such as the increasing demand for high-performance vehicles are fueling the regional market growth. The United States is home to many car enthusiasts and performance enthusiasts who are looking for ways to improve their vehicle's performance. The availability of advanced engine tuning devices and software is helping these enthusiasts achieve their desired performance levels.
Moreover, stringent emissions regulations are also driving the growth of the engine tuner market in North America. The United States Environmental Protection Agency (EPA) and the California Air Resources Board (CARB) have implemented strict regulations to reduce emissions and improve air quality. Engine tuning devices and software can help vehicle owners comply with these regulations by optimizing the engine's fuel efficiency and reducing the amount of harmful pollutants emitted.
On the other hand, the Engine Tuner Market in Asia Pacific is witnessing significant growth in recent years, driven by factors such as the increasing demand for high-performance vehicles, the need to comply with emissions regulations, and the growing popularity of electric and hybrid vehicles in the region.
Recent developments in the technology, mergers and acquisitions, and partnerships within the companies involved in the designing of Engine Tuner are expected to create lucrative opportunities for the market growth over the analysis period.
For instance, in October 2021, Diablosport, LLC announced the launch of their Trinity 2 EX engine tuner, which features advanced tuning capabilities and a high-resolution touchscreen display for improved user experience.
Subsequently, in September 2021, Superchips, Inc. announced the launch of their Flashpaq F5 engine tuner, which features advanced tuning and data monitoring capabilities and is compatible with a wide range of vehicle makes and models.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 3.6 Billion |
| Projected Market Value in 2033 | US$ 5.9 Billion |
| Growth Rate (2023 to 2033) | 5.2% CAGR |
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.
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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.
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.
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.
Principal Consultant
North America is estimated to be one of the prominent region globally. The USA market is set to account for substantial share in global market during the assessment period 2021 to 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.
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.
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Some of the leading manufacturer and suppliers of engine tuner include
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.
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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Engine Tuner Market
