The global automotive performance tuning and engine remapping services market is anticipated to reach a valuation of US$ 586.22 million in 2023 and is projected to further grow to US$ 1,100 million by 2033, representing a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period.
One of the primary drivers of market growth is the increasing adoption of tuning and engine remapping services in passenger cars worldwide. This trend is fueled by the rising demand for enhanced power and torque in vehicles, coupled with the growing popularity of these services, which involve reprogramming the vehicle’s Engine Control Unit (ECU) software to optimize performance.
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Europe, particularly the United Kingdom and Germany, holds a significant share of the market. Both countries are witnessing increasing demand for passenger and light commercial vehicles. In the United Kingdom, the market is expected to grow at a CAGR of 5.9%, while in Germany, it is projected to grow at a slightly higher rate of 6.1% during the forecast period.
In recent years, manufacturers in the United Kingdom have been expanding their customer base, driving the demand for performance tuning and engine remapping services. Similarly, in Germany, the automotive sector’s continuous development and the increasing number of vehicles on the road are contributing to the growing demand for high-performance enhancements. These factors collectively contribute to the positive outlook for the automotive performance tuning and engine remapping services market in Europe.
Key Takeaways
- United States automotive performance tuning and engine remapping services market is expected to grow with a CAGR of 6.2% during the forecast period.
- The market in China is expected to grow with a CAGR of 6.5% during the forecast period.
- By vehicle type, the passenger vehicle segment is projected to grow with a significant CAGR of 6.6% during the forecast period.
- The market in India is expected to grow with a CAGR of 6.3% throughout the forecast period.
“Rising consumer preference for high power engine and fine tuning of vehicles is expected to drive market growth during the forecast period,” comments an FMI Analyst
Competitive Landscape
The automotive performance tuning and engine remapping services market is intensely competitive, with several key industry players investing heavily in providing these services.
The key industry players are Tuning works Inc., Quantum Tuning Ltd., Shift Performance, VIEZU Technologies LTD, ABT Sports line GmbH, Roo Systems, Turbo Dynamics Ltd, EcuTek Technologies Ltd., Emaps Performance, CODE 6 Tuning, LAYTON REMAPS & PERFORMANCE, Wolf Moto, Revolution Automotive, SLT Remapping & Diagnostics LTD.
Some recent developments in the market are:
Key industry players are utilizing organic growth strategies like acquisitions, mergers, tie-ups, and collaboration to bolster their product portfolio. This is expected to propel the global automotive performance tuning and engine remapping services market.
- In May 2023, ABT Sportsline, a renowned tuner specializing in Audi and VW Group vehicles, introduces the limited-edition ABT RS6 Legacy Edition (LE). With only 200 units available, this high-performance sports car combines striking design with practicality for everyday use, captivating automotive enthusiasts with its exceptional features.
- The “ABT China” joint venture, which was announced in February 2023, is gaining momentum. The first project of ABT China and GAC, the GAC Empow R x ABT co-brand version, has been officially launched at Auto Shanghai 2023, held from April 18-27, 2023.
- On March 23, 2022, ABT Sportsline achieved an impressive 450 horsepower from the iconic five-cylinder engine. The SUV coupé Formentor, representing the independent CUPRA brand, showcases a captivating blend of dynamic and elegant design that leaves a lasting impression even at a standstill.
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Key Segments Profiled in the Automotive Performance Tuning and Engine Remapping Services Industry Survey
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
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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