Automotive Performance Tuning and Engine Remapping Services Market: Over 70% of Global Demand from Passenger Cars & LCVs
Witnessing an average 5.5% annual increase in the revenues, the global demand for automotive performance tuning and engine mapping services is likely to expand at a healthy pace in 2019. As indicated by a new research intelligence of Future Market Insights (FMI), the market for automotive performance tuning and engine mapping services will possibly attain its peak growth rate – reflecting a promising outlook for the course of coming years.
Automotive Performance Tuning And Engine Remapping Services Market
Future Market Insights (FMI), in its latest study on the automotive performance tuning and...
According to FMI’s analysis, increasing inclination toward high performance gains in vehicles will be the key influencer, boosting revenues of the automotive performance tuning and engine remapping services market. However, the report opines that the global landscape of automotive performance tuning and engine remapping services is a low-volume market, as the performance tuning and engine remapping services are highly specialized and involve only a selective range of vehicles.
Moreover, inadequate awareness about performance tuning and engine remapping services among a considerable customer population will also continue to position it as a niche market over the next few years.
Passenger Vehicles & LCVs Have Taken over Racing Cars
Surpassing traditional applicability in auto racing, automotive performance tuning and engine remapping services have been gathering impressive traction in the passenger and commercial vehicles sectors. The report points to prominent application of automotive performance tuning and engine remapping services in passenger vehicles and LCVs, accounting for nearly 70% share of the overall global demand. While racing applications seem to be limited, FMI’s analysis suggests that the key focus area of automotive performance tuning and engine remapping service providers as well as customers will be to attain fuel economy.
With more than half of the total revenues generated through automotive performance tuning and engine mapping services, the report envisages that diesel vehicles will continue to attract higher value to the market, over their petrol counterparts. While a majority of customers seek services for the stage I of tuning, FMI's research finds that OBD (on-board diagnostics) ports will remain a preferred tuning method used by service providers.
Led by the UK, Europe to Remain Global Hub for Vehicle Performance Tuning
Europe, the base for a large number of automotive performance tuning and engine remapping service providers, is likely to hold a prominent share in global market. The report also attributes Europe’s market primacy to the relatively high number of enthusiasts opting for performance tuning and engine remapping services for their personal vehicles, particularly in the UK.
Besides Europe, North America, East Asia, and Oceania, particularly the countries such as the US, China, and Australia will be the lucrative regional pockets for investors in the automotive performance tuning and engine remapping services industry. On the other side, a sizeable chunk of South Asia’s commercial vehicles sector is inclining toward achieving high performance, creating potential opportunities for automotive performance tuning and engine remapping services providers in the region.
Vendor Insights: Automotive Performance Tuning and Engine Remapping Services Market
The global automotive performance tuning and engine remapping services market is a fragmented landscape, with prominent market participants accounting for less than 6% share of the overall market. The automotive performance tuning and engine remapping services market is dominated by small-scale players operating at a country level. The market thus has a limited number of globally operating players.
The report has covered in-depth company profiles and their recent strategic developments, intending to help participants understand the overall competition scenario. Some of the profiled companies include Quantum Tuning, RS Tuning, Turbo Dynamics, EcuTek Technologies Ltd., Roo Systems, ABT Sportsline GmbH, Tuning Works Inc., Shift Performance, Layton Remaps, and TuneOTronics among others.
For an enlarged view of the competition landscape and exclusive insights on the various other factors influencing the growth of automotive performance tuning and engine remapping services market, write to firstname.lastname@example.org
About the Automotive Division of FMI
The automotive division of FMI offers a novel approach and innovative perspective in the analysis of the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders, and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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