- Surging necessity of fuel efficient engine and rising fuel and fleet cost drives automotive performance tuning and engine remapping service market growth.
DUBAI, U.A.E, May 11, 2021 /PRNewswire/ -- The global automotive performance tuning and engine remapping service market is predicted to grow at 6.3% CAGR throughout the period (2021-2031). A key factor enabling is high effectiveness of performance tuning and engine remapping in engine performance improvement, says ESOMAR-certified consulting firm Future Market Insights (FMI) in its study. Engine remapping increases power and torque by reprogramming vehicles electronic control unit. Automakers prefer performance tuning to cater the rising power demand thus driving the sales for automotive performance tuning and engine remapping service market.
According to the study, the vehicle owners are becoming more aware about the perks of engine remapping and are actively seeking high powered diesel engines. Such tendencies are driving the performance tuning and engine remapping service market demand.
"Soaring popularity of chip tuning among automotive enthusiasts and racers in developing nations is encouraging market players to collaborate with regulated remapping service dealers in developing countries. This partnership will elevate the market sale in long term," remarks the FMI analyst.
Leading players profiled by FMI operating in automotive performance tuning and engine remapping service market include Tuning works Inc., ABT Sports line GmbH, Turbo Dynamics Ltd, Quantum Tuning Ltd., Emaps Performance, VIEZU Technologies LTD, Roo Systems, EcuTek Technologies Ltd., Shift Performance. According to FMI, automotive performance tuning and engine remapping service market is dominated by regional players offering cost effective services. With rising vehicles sales, many players are partnering with distributors to expand their supply chain and strengthen their market position.
More Insights on FMI's automotive performance tuning and engine remapping service market
The latest market study on global automotive performance tuning and engine remapping service market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of vehicle type (Passenger cars, light commercial vehicles, heavy commercial vehicles), fuel type (petrol, diesel), tuning stage (stage 1, stage 2, stage 3), and across major regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.