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.
Global Automotive Performance Tuning and Engine Remapping Services Market – Key Research Findings
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The global automotive performance tuning and engine remapping services market size in 2018 – Nearly US$ 1,450 Mn
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Estimated CAGR of automotive performance tuning and engine remapping services market over 2019–2029 – More than 6%
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North America and Europe are expected to remain prominent regional markets for automotive performance tuning and engine remapping services.
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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.
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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.
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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.
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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.
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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.
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Automotive performance tuning and engine remapping services find noteworthy application in the automotive industry for improving performance along with fuel economizing.
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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.
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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
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Growing demand for automotive performance tuning and engine remapping services in commercial vehicles sector
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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.
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Moreover, automotive performance tuning and engine remapping services also customize vehicles according the need and use, thereby increasing the driving comfort.
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Service providers focused on providing remapping warranty
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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.
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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.
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Growing inclination towards high-performance vehicles
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Automotive performance tuning and engine remapping services are specialized services used to enhance the power of an engine, along with improving fuel economy.
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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.
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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.
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Automotive Performance Tuning and Engine Remapping Services Market: Structure Analysis
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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.
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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.
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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.
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.Passenger cars and light commercial vehicles account for nearly 70% share of the automotive performance tuning and engine remapping services market.
Market players are adopting strategies to capitalize on sales opportunities in the heavy commercial vehicle segment in the coming years.
Diesel vehicles account for a relatively larger share of the automotive performance tuning and engine remapping services market, as the maintenance cost of diesel cars is much higher.
Revenue share of petrol vehicles will remain relatively marginal.
Stage I tuning services are likely to continue witnessing highest demand.
Demand for stage III tuning services will grow at a relatively sluggish rates as their adoption in mainly observed in motorsport cars and racing cars.
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.
Passenger Cars and Light Commercial Vehicles | Motorcycles | Heavy Commercial Vehicles
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Automotive Performance Tuning and Engine Remapping Services Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI “Automotive Performance Tuning and Engine Remapping Services Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the Automotive Performance Tuning and Engine Remapping Services market, the growth prospects of the market are obtained with maximum precision.
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
What's Included
The report commences with the executive summary of the Automotive Performance Tuning and Engine Remapping Services market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Automotive Performance Tuning and Engine Remapping Services market.
Readers can find the detailed taxonomy and the definition of the Automotive Performance Tuning and Engine Remapping Services market in this chapter, which will help them understand the basic information about the Automotive Performance Tuning and Engine Remapping Services market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Automotive Performance Tuning and Engine Remapping Services market report.
The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market development or product innovations.
This section includes the key inclusions of the report. It includes product adoption & usage analysis, reimbursement scenario, pipeline assessment & opportunity analysis, and manufactures strategies for market expansion.
This section explains the global market value analysis and forecast for the Automotive Performance Tuning and Engine Remapping Services market between the forecast periods of 2014-2029 is highlights in this section. This chapter includes the detailed analysis of the historical Automotive Performance Tuning and Engine Remapping Services market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
This section highlights the average price of the Automotive Performance Tuning and Engine Remapping Services by Tuning Stage Segment in the different region throughout the globe. The pricing benchmark for manufacturer level pricing and distributor level pricing is analysed in this section.
This chapter explains the key macro-economic factors that are expected to influence the growth of the Automotive Performance Tuning and Engine Remapping Services market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the Automotive Performance Tuning and Engine Remapping Services market. This chapter also highlights the key market dynamics of the Automotive Performance Tuning and Engine Remapping Services market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the Automotive Performance Tuning and Engine Remapping Services market. Furthermore, the section also includes the value chain of global automotive performance tuning and engine remapping services
Based on Vehicle type, the Automotive Performance Tuning and Engine Remapping Services market is segmented into three categories, Passenger Cars & LCVs, Motorcycles, Heavy Commercial Vehicles. In this chapter, readers can find information about the key trends and developments in the Automotive Performance Tuning and Engine Remapping Services market and market attractiveness analysis based on the vehicle type.
This chapter provides details about the Automotive Performance Tuning and Engine Remapping Services market on the basis of Fuel Type, and has been classified into Petrol and Diesel. In this chapter, readers can understand the market attractive analysis based on Fuel Type.
This chapter provides details about the Automotive Performance Tuning and Engine Remapping Services market on the basis of Tuning Stage, and has been classified into Stage 1, Stage 2 and Stage 3. In this chapter, readers can understand the market attractive analysis based on Tuning Stage.
Based on Tuning Method, the Automotive Performance Tuning and Engine Remapping Services market is segmented into two categories, OBD Ports, Bench Tuning. In this chapter, readers can find information about the key trends and developments in the Automotive Performance Tuning and Engine Remapping Services market and market attractiveness analysis based on the tuning method.
This chapter provides details about the Automotive Performance Tuning and Engine Remapping Services market on the basis of Application, and has been classified into Racing, Fuel Economizing and Performance Tuning. In this chapter, readers can understand the market attractive analysis based on Application.
This chapter explains how the Automotive Performance Tuning and Engine Remapping Services market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, the Middle East & Africa (MEA)
This chapter includes a detailed analysis of the growth of the North America Automotive Performance Tuning and Engine Remapping Services market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the various segment and countries in North America.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America Automotive Performance Tuning and Engine Remapping Services market. This chapter also includes the growth prospects of the Automotive Performance Tuning and Engine Remapping Services market in the leading LATAM countries such as Brazil, Mexico and the Rest of Latin America.
Important growth prospects of the Automotive Performance Tuning and Engine Remapping Services market based on its application, tuning stages and other segments in several countries, such as Germany, the UK, France, Spain, Italy, BENELUX, Russia, and the Rest of Europe, are included in this chapter.
India, ASEAN are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia Automotive Performance Tuning and Engine Remapping Services market in this chapter. Readers can find detailed information about the growth parameters of the South Asia Automotive Performance Tuning and Engine Remapping Services market during the period 2019-2029.
This chapter highlights the growth of the Automotive Performance Tuning and Engine Remapping Services market in the East Asia by focusing on China, Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the Automotive Performance Tuning and Engine Remapping Services market in East Asia.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania Automotive Performance Tuning and Engine Remapping Services market.
This chapter provides information about how the Automotive Performance Tuning and Engine Remapping Services market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Turkey and the rest of Middle East and Africa, during the forecast period 2019 - 2029.
This chapter provides information about how the Automotive Performance Tuning and Engine Remapping Services market will grow in the emerging countries in the global, such as Canada, India and Mexico, during the forecast period 2019 - 2029.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the Automotive Performance Tuning and Engine Remapping Services market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Automotive Performance Tuning and Engine Remapping Services market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Quantum Tuning, RS Tuning, Turbo Dynamics, EcuTek Technologies Ltd., Roo Systems, ABT Sportsline GmbH, and Tuning Works Inc. and among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Automotive Performance Tuning and Engine Remapping Services report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the Automotive Performance Tuning and Engine Remapping Services market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Product Line Managers
- Procurement Heads
- Channel Managers
- Sales Executives
- Product Manufacturers
- Distributors
- Traders / Importers
- Raw Material / Component Providers
- Aftersales Service Providers
- Industry Experts
- End Users
- Assemblers / integrators
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near term and long term market growth prospects
- Market Segment Splits and Authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Magazines
- Industry Associations
- OICA
- JAMA
- SAE
- APRA
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
- World Bank, UNIDO, IMF
Primary Interview Splits
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