Mechanical Performance Tuning Components Market

2019 Analysis and Review of Mechanical Performance Tuning Components Market by Product Type - Engine, Transmission, Fuel System, Brake, Body & Suspension, and Exhaust Mufflers for 2019 - 2029

  • 2020-02-17
  • REP-GB-11077
  • 76 Tables
  • 256 Figures
  • 374 pages
  • Format: PDF/PPT/Excel
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Adoption of Mechanical Performance Tuning Components to Increase 1.5X by 2029

Over the years, there has been a notable spike in private vehicle ownership, both, new and used. Increasing customer consciousness, especially among the millennial population, about the quality and performance of automobiles and their parts, is translating to swelling expenses on vehicle care. As this preference for preventive maintenance over repairs gains momentum, worldwide adoption of mechanical performance tuning components is set for 1.5X revenue growth by 2029. Despite visible fluctuations in the global automotive industry, market players are well-placed for stable returns.

Frequently Asked Questions about Mechanical Performance Tuning Components Market

How will the growth outlook be for the mechanical performance tuning components market?

Increasing average vehicle age has resulted in significant need for the replacement, repair, and maintenance of parts. In addition, higher replacement of performance tuning components to enhance vehicle performance is being witnessed among consumers. These factors are estimated to drive the growth of the mechanical performance tuning components market during the forecast period.

Which product type holds potential growth opportunities for market players?

According to the analysis, brake and engine components, collectively, account for a lion’s share of the mechanical performance tuning components market. Components such as brake shoes, brake liners, and engine oil have higher replacement rates in heavy commercial vehicles. Thus, increasing sales of commercial vehicles as a result of growing construction and mining activities is anticipated to result in higher demand for mechanical performance tuning components.

What is the degree of competition in the mechanical performance tuning components market?

The mechanical performance tuning components market is identified to be a fairly fragmented one, with the presence of a few leading players and numerous regional as well as domestic players. In the current scenario, industry leaders such as ZF Friedrichshafen AG, Valeo SA, Continental AG, Hitachi Automotive Systems Ltd, and Robert Bosch GmbH hold significant share in the global mechanical performance tuning components market.

Which region will lead the global sales of mechanical performance tuning components?

Germany, France, and Russia are top-tier countries in terms of automotive production. Europe accounts for a prominent automotive fleet. Rising vehicle fleet and growing preventive maintenance activities are creating substantial growth opportunities for the market in Europe. The demand for mechanical performance tuning components is anticipated to further grow during the forecast years in the region.

Brake and Engine to Define Stakeholders’ Bottom Lines

Brakes - brake caliper, and brake oil - and engines - engine oil, and oil filters – hold a significant proportion of the mechanical performance tuning components market share. These components have higher replacement rates in heavy commercial vehicles (HCVs), which are commonplace in construction and mining activities. Growth in these end-use industries, is thus enabling broader adoption of HCV brake components and engines. Manufacturers are also focusing on body & suspension parts such as shock absorbers and suspension bushes for sustained revenue generation.

Rise in Automotive Production to Drive Market Growth in Developed & Developing Regions

The global automotive sector is playing an instrumental role in shaping the growth of the mechanical performance tuning components market, in both, developed and developing regions. Market activity in Europe and North America is prominently driven by production upheaval of automobiles such as sports utility vehicles (SUVs) and light commercial vehicles (LCVs). These developed regions hold around 60% of total market value, collectively. Moreover, surging production of compact and heavy commercial vehicles in China, Japan, and India is underpinning the mechanical performance tuning components market in Asia.

Model-centric Customizations - Sound Strategy

The mechanical performance tuning components market is highly competitive, with players advancing towards the disruptive dimensions of mobility. In order to capture value at stake, manufacturers must develop products specific to vehicle models that offer operational benefits in tandem with regulatory compliance. They must also focus on leveraging materials based on power metallurgy in automobiles to avoid frequent wear and tear. Further, downsizing of engines, resulting in high load, increases temperature and combustion pressure, which, in turn, is accenting for model-specific mechanical performance tuning components such as automotive turbochargers.

Brakes account for leading market share

Engines to see stable adoption

High application in passenger cars

Usage in light commercial vehicles on rise

Authorized service stations hold over 50% revenue share

Independent service stations to exhibit higher growth rate

How Growth will Unfold

For market players, authorized service stations have been the key value-creation area, through which mechanical performance tuning components worth around US$ 100 Bn will be sold in 2020. However, preference for authorized service stations among car owners stays until the warranty period ends. Subsequently, vehicle owners turn to independent service stations, owing to their affordable costs. Moreover, demand for automotive repair and maintenance services varies regionally. While customers in developed regions prefer authorized service stations, independent service stations are prominent is developing regions.

Mechanical Performance Tuning Components Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Mechanical Performance Tuning Components Market Analysis 2019-2029

The recent market study published by FMI on the mechanical performance tuning components market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the mechanical performance tuning components market, growth prospects of the market are obtained with maximum precision.

Mechanical Performance Tuning Components Market Taxonomy

The global mechanical performance tuning components market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product Type

  • Engine
    • Engine Oil
    • Oil Filters
    • Cam Pulleys
    • Engine Mounts
  • Transmission
    • Transmission Belts
    • Gear Oil
    • Turbochargers
    • Flywheels
    • Pressure Plates
    • Throttle Cables
    • Transmission Oil Pumps
  • Fuel System
    • Fuel Injectors
    • Fuel Pumps
    • Spark Plugs
    • Glow Plugs
    • Fuel Filters
    • Air Filters
  • Brake
    • Brake Oil
    • Brake Liners
    • Master Cylinders
    • Brake Calipers
    • Brake Shoes
  • Body & Suspension
    • Sway Bars
    • Shock Absorbers
    • Suspension Bushes
  • Exhaust Mufflers

Vehicle

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Distribution Channel

  • Authorised Service Stations
  • Independent Service Stations

Region

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

What's Included

The report begins with the executive summary of the mechanical performance tuning components market, which includes a summary of the key findings and statistics.

Readers can find the definitions and detailed taxonomy of the mechanical performance tuning components market in this chapter, which will help them understand basic information about the mechanical performance tuning components market. This section also highlights inclusions and exclusions, which will help readers understand the scope of the mechanical performance tuning components market report.

This chapter explains the key macroeconomic factors that are expected to influence the growth of the mechanical performance tuning components market over the forecast period. Along with macroeconomic factors, this section also highlights the supply chain, forecast factors, and value chain analysis for the mechanical performance tuning components market.

This section explains the global market value analysis and forecast for the mechanical performance tuning components market for the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical mechanical performance tuning components market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). The chapter also includes a pessimistic & optimistic outlook for mechanical performance tuning components market. Along with this, an overview of key insights is also provided by market participants.

Based on product type, the mechanical performance tuning components market is segmented into engine, transmission, fuel system, brake, body & suspension, and exhaust muffler. In this chapter, readers can find information about the key trends and developments in the mechanical performance tuning components market and market attractiveness analysis based on product type.

This chapter provides details about the mechanical performance tuning components market based on vehicle, and has been classified into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. In this chapter, readers can understand the market attractiveness analysis based on vehicle type.

This chapter provides details about the mechanical performance tuning components market based on distribution channel, and has been classified into authorized service stations and independent service stations. In this chapter, readers can understand the market attractiveness analysis based on distribution channel.

This chapter explains how the mechanical performance tuning components market will grow across several geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East & Africa.

This chapter includes a detailed analysis of the growth of the mechanical performance tuning components market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on applications and countries in North America.

This chapter provides the growth scenario of the mechanical performance tuning components market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.

Important growth prospects of the mechanical performance tuning components market in several countries such as Germany, Italy, France, the U.K., Spain, Russia, and the Rest of Europe are included in this chapter.

In this chapter, important growth prospects of the mechanical performance tuning components market based on its end users in several countries such as Japan, South Korea, and China are included.

ASEAN, India, and ANZ are prominent countries in this region. Readers can find detailed information about the growth parameters of the South Asia & Pacific mechanical performance tuning components market during the forecast period of 2019-2029 in this chapter.

This chapter highlights the growth of the mechanical performance tuning components market in MEA by focusing on GCC, Turkey, South Africa, Iran, Northern Africa, and Rest of MEA. This section also helps readers understand the key factors that are responsible for the growth of the mechanical performance tuning components market in MEA.

This chapter highlights the growth of the mechanical performance tuning components market in Oceania by focusing on Australia and New Zealand. This section also helps readers understand the key factors that are responsible for the growth of the mechanical performance tuning components market in Oceania.

This chapter highlights the growth of the mechanical performance tuning components market in emerging countries by focusing on China, India, and South Africa. This section also helps readers understand the key factors that are responsible for the growth of the mechanical performance tuning components market in emerging countries.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the mechanical performance tuning components market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the mechanical performance tuning components 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 Robert Bosch GmbH, Denso Corporation, Mitsubishi Heavy Industries Ltd., Delphi Automotive, Continental AG, and Honeywell International Inc., among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the mechanical performance tuning components market report.

This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the mechanical performance tuning components market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends 
  • 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 Publications
    • Automotive World
    • UK Media & Events
    • AM-online
  • Industry Associations
    • OICA
    • AIA Canada
    • VDA
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits mechanical performance tuning components market designation

Primary Interview Splits mechanical performance tuning components market stakeholder

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