This Tuning Box market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Tuning Box market.
Tuning Box Market: Introduction
Automobile manufacturers generally design engines and limit it electronically to produce approximately 20 - 40% less power than it is naturally capable of, to comply with the stringent regulations, fuel grade, climate etc. Automobiles nowadays are equipped with Engine control Unit (ECU). ECU controls various parameters, such as injection quantity, duration & pressure, boost pressure, valve timing, etc. governing the performance and output of an engine. Tuning Box is a trick device which interrupts the signals and overrules the default coded ECU increasing the engine performance and efficiency. Automotive performance tuning can be achieved either through an ECU remapping or tuning box. Tuning box is fitted in line with ECU between the engine sensors and the actuators and alters the data to be sent to the engine. The output of the engine is increased by adjusting the quality of air and fuel mixture, ignition timing and boost pressure.
Tuning box are increasingly preferred over engine remapping owing to several advantages such as, ease of installation and performance upgrade. Further, tuning box can be easily removed, without any trace, hence does not void the engine warranty. Increasing fuel cost, stringent environmental regulations, need for better performance and fuel economy is expected to support the demand for tuning box during the assessment period.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Tuning Box Market: Dynamics
Global tuning box market is expected witness significant boost in the near future. The upsurge in the demand for tuning box can be attributed to increasing growth of premium and luxury cars along with increasing popularity of car modification and improving car performance. Furthermore, installing a tuning box improves the fuel economy, increases available torque and power. Another key factor which is expected to propel the growth of tuning box market is increasing number of race tracks and racing events, which require higher performance and engine output. Racing car engines are generally tuned to operate at its full potential, hence driving the need for tuning box for easy tuning.
Market participants across the globe are investing on research & development activity and innovation to improve the performance tuning and add unique selling point (USP) to their products to compete in the cutting edge competitive environment. For instance, RaceChip has developed smartphone apps that communicate via Bluetooth, enabling customer to perform fine tune by themselves and enables them to switch between different performance levels. Some of the restraining factor for the growth of tuning box market is low level of awareness in the developing region, limited number of racing track and available alternatives such as ECU remapping etc.
Tuning Box Market: Regional Overview
Europe is expected to hold dominating position in the global tuning box market. The region is expected to dominate the market through the forecast period. North America tuning box market is expected trail behind the European market. Increasing number of automotive enthusiasts are opting for tuning box to improve the performance and economy of the vehicle this is expected to propel the growth of tuning box market during the assessment period. Developing countries in the Asia Pacific region such as India, China and ASEAN is estimated to be opportunistic market for tuning box during the assessment period. Further, in the current market scenario, Japan and Australia are estimated to be prominent market for tuning box in Asia Pacific. Middle East &Africa and Latin America tuning box market are estimated to grow moderately during the assessment period.
Tuning Box Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Tuning Box Market includes:
- TDI Tuning Ltd.
- TBOX CHIPTUNING
- TECHTEC (Germany)
- Tornado Tuning solutions
- Vector Tuning
- Lindop Chip Tuning Boxes
The research report presents a comprehensive assessment of the Tuning Box market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Tuning Box market report also contains projections using a suitable set of assumptions and methodologies. The Tuning Box market research report provides analysis and information according to Tuning Box market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
- Tuning Box Market Segments
- Tuning Box Market Dynamics
- Tuning Box Market Size
- Tuning Box Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Tuning Box Market: Segmentation
Global Tuning Box market can be segmented by vehicle type, engine type and by tuning type
On the basis of Vehicle type, Tuning Box can be segmented into:
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
On the basis of Engine Type, Tuning Box can be segmented into:
- Diesel Engine
- Gasoline Engine
On the basis of Tuning Type, Tuning Box can be segmented into:
- Performance Tuning
- Economy Tuning
- Combined Tuning
- Detailed overview of Tuning Box parent market
- Changing Tuning Box market dynamics in the industry
- In-depth Tuning Box market segmentation
- Historical, current, and projected Tuning Box market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Tuning Box Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Tuning Box Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Tuning Box Market report?
In addition to up-to-date market figures and customized of the Tuning Box Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.