Automotive Performance Tuning And Engine Remapping Services Market: Insights into the Competitive Scenario of the Market
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.
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.
About
Us
Future
Market Insights (FMI) is a leading market intelligence and consulting firm. We
deliver syndicated research reports, custom research reports and consulting
services which are personalized in nature. FMI delivers a complete packaged
solution, which combines current market intelligence, statistical anecdotes,
technology inputs, valuable growth insights and an aerial view of the
competitive framework and future market trends.
Contact Us
Mr.
Abhishek Budholiya
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
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