Automotive Performance Tuning and Engine Remapping Services Market: Increasing Shift to Fuel Economy to Widen Application: Global Industry Analysis (2014-2018) And Opportunity Assessment (2019-2029)

Automotive Performance Tuning and Engine Remapping Services Market: Increasing Shift to Fuel Economy to Widen Application: Global Industry Analysis (2014-2018) And Opportunity Assessment (2019-2029)

Global Automotive Performance Tuning and Engine Remapping Services Market – Key Research Findings

Global Automotive Performance Tuning and Engine Remapping Services Market – Key Research Findings

  1. The global automotive performance tuning and engine remapping services market size in 2018 – Nearly US$ 1,450 Mn

  2. Estimated CAGR of automotive performance tuning and engine remapping services market over 2019–2029 – More than 6%

  3. North America and Europe are expected to remain prominent regional markets for automotive performance tuning and engine remapping services.

    • The presence of a number of established players and rapid technological advancements across regions will continue to generate substantial growth opportunities for automotive performance tuning and engine remapping services.

  4. In terms of growth, Oceania and South Asia are expected to register relatively high value growth in the automotive performance tuning and engine remapping services market throughout the forecast period.

    • Automotive performance tuning and engine remapping services are highly customized and cost-intensive services. Thus, premium and luxury cars are the expected target segments for growth in the market.

    • The increasing fleet of high-end vehicles in Asian countries such as India, China, Philippians, Singapore, and Indonesia, among others, is projected to be a key driving factor for the growth of the automotive performance tuning and engine remapping services market.

    • Moreover, increasing disposable income, shifting demographic trend, increasing adoption of high performance vehicles, and robust infrastructural development are expected to pave robust growth opportunities in the region for automotive performance tuning and engine remapping services in the coming years.

  5. Automotive performance tuning and engine remapping services find noteworthy application in the automotive industry for improving performance along with fuel economizing.

    • Furthermore, growing concerns regarding pollution and increasing fuel costs are also estimated to drive the demand for automotive performance tuning and engine remapping services to a significant extent.

  6. India, Mexico, and Canada are picking up pace in the automotive performance tuning and engine remapping services market, owing to robust economic outlook, infrastructural development, and increasing number of car enthusiasts interested in high performance.

Top 3 Factors Shaping the Automotive Performance Tuning and Engine Remapping Services Market

  • Growing demand for automotive performance tuning and engine remapping services in commercial vehicles sector
    • Though automotive performance tuning and engine remapping services entail high initial investment, these services are expected to gain traction in the commercial vehicles segment, owing to the increasing need for reducing running costs and fuel consumption so as to increase operational margins.
    • Moreover, automotive performance tuning and engine remapping services also customize vehicles according the need and use, thereby increasing the driving comfort.
  • Service providers focused on providing remapping warranty

    • Automotive performance tuning and engine remapping services is an aftermarket service, which can void the warranty of a vehicle. Thus, some customers are reluctant to opt for automotive performance tuning and engine remapping services.
    • To gain customer confidence, market participants provide warranty for software updates and remapping to customers from their end. Moreover, some market participants even offer mechanical and electrical warranty incase the manufacturer’s warranty gets void.
  • Growing inclination towards high-performance vehicles

    • Automotive performance tuning and engine remapping services are specialized services used to enhance the power of an engine, along with improving fuel economy.
    • Several car owners go for automotive performance tuning and engine remapping services in order to enhance the performance of their vehicles, which includes engine power, torque, fuel efficiency, superior handling, and responsiveness.
    • To have a leisure driving experience along with fuel savings, car owners are showing significant interest in automotive performance tuning and engine remapping services. This, in turn, is estimated to drive the growth of the automotive performance tuning and engine remapping services market across the globe during the forecast period.

Automotive Performance Tuning and Engine Remapping Services Market: Structure Analysis

  • The global automotive performance tuning and engine remapping services market represents a highly fragmented competition landscape, wherein, organized or established players held approximately 3 - 6% revenue share in the global market during 2018.
  • This scenario is mainly attributed to the presence of a large number of localized players involved in the automotive performance tuning and engine remapping services, predominantly catering to their respective regional markets.
  • Organized players have a meager share in the global market. Furthermore, franchise marketing is one of the prominent strategies being adopted by such companies for expansion in the automotive performance tuning and engine remapping services market landscape.

Widening the Scope Performance Tuning & Engine Remapping Services from Sports Cars to Passenger Cars

Once limited to only auto-racing applications, the presence of automotive performance tuning and engine remapping service providers is growing in the commercial vehicles and passenger cars segments, with an uptick in demand. Growing awareness about the importance of engine control unit (ECU) remapping and tuning services for upscaling the engine efficiency is boosting the number of vehicles undergoing performance tuning and engine remapping services.

Increasing Proclivity for High-Performance Vehicles Fuel Demand for ECU Tuning and Remapping

Consumers’ inclination towards high performance vehicles is building a bright future for automotive repair & maintenance service providers in the performance tuning and engine remapping landscape. Apart from growing disposable income, renewed interest in racing cars and high-end sports cars is encouraging consumers to boost the performance of their own vehicles with performance tuning services.

With the automotive engineering landscape and car designs transforming with changing consumer preferences for high-power engines and decent fuel economy, the automotive performance tuning and engine remapping services market will witness healthy growth.

Europe to Remain Attractive Market for Performance Turning and Engine Mapping Service Providers

Europe will remain the most lucrative region with the highest contributor to shares of the automotive performance tuning and engine remapping services market in 2019. The U.K. and Germany will generate promising opportunities for automotive performance tuning and engine remapping service providers. However, increasing growth of the automotive industry and burgeoning automotive sales in South Asia will make it a high-growth market by 2019.

The Broader Perspective

The automotive performance tuning and engine remapping services market is highly fragmented among small players and new entrants, and leading players account for marginal share of the market. Leading players are adopting indirect growth strategies by collaborating or acquiring local players in the market to establish a strong geographical network and strengthen their foothold in the global market.

How Growth will Unfold

Passenger cars and light commercial vehicles will account for over 70% revenue share of the automotive performance tuning and engine remapping services market in the foreseeable future. Consumers’ willingness to pay for high-performance passenger cars and high-end, luxury vehicles will contribute to increasing demand for ECU mapping and performance tuning services in this segment. In the coming years, consumers’ needs for improving the fuel economy of their vehicles will influence strategies of leading service provides and stakeholders in the market.

AUTOMOTIVE PERFORMANCE TUNING AND ENGINE REMAPPING SERVICES MARKET TAXONOMY

The global Automotive Performance Tuning and Engine Remapping Services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

Vehicle Type

  • Passenger Cars & LCV
  • Motorcycles
  • Heavy Commercial Vehicles

Fuel Type

  • Petrol
  • Diesel

Tuning Stage

  • Stage 1
  • Stage 2
  • Stage 3

Tuning Method

  • OBD Port
  • Bench tuning

Application

  • Racing
  • Fuel Economizing
  • Performance tuning

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

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