The automotive performance tuning and engine remapping services market size has grown strongly in recent years. It will grow from $5.02 billion in 2023 to $5.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth observed during the historical period can be attributed to the rise in enthusiast culture, influence from motorsports, increased demand for customization, a shift towards turbocharged engines, and a focus on competition and performance enhancement in the automotive industry.
The automotive performance tuning and engine remapping services market size is expected to see strong growth in the next few years. It will grow to $7.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The anticipated growth in the forecast period can be attributed to the rising popularity of aftermarket upgrades, an increased focus on fuel efficiency and performance balance, a shift towards turbocharged and supercharged engines, higher participation in motorsports, and market expansion in emerging economies. Major trends expected during the forecast period include a rise in demand for tuning specialists, the development of aftermarket performance parts, an emphasis on fuel efficiency and power, the integration of diagnostic tools, and a continued shift towards turbocharged and supercharged engines.
The increasing demand for classic cars is poised to drive the growth of the automotive performance tuning and engine remapping services market in the future. A classic car, considered of historical or cultural significance, is experiencing heightened interest and demand. Automotive performance tuning and engine remapping services play a vital role in enhancing the performance, fuel efficiency, and drivability of these classic cars. Notably, Classic.com Inc., a U.S.-based provider of insights on classic cars, reported a 39.9% increase in classic car auction listings in the U.S., rising from 18,507 in 2021 to 25,892 in 2022. The dollar volume generated from these auctions also surged by 31.4% from $960.9 million in 2021 to $1.3 billion in 2022. Thus, the growing fascination for classic cars is expected to propel the automotive performance tuning and engine remapping services market.
The increasing demand for fuel efficiency is anticipated to be a driving force behind the growth of the automotive performance tuning and engine remapping services market. These services play a crucial role in optimizing the combustion process within engines, leading to more efficient fuel consumption. With performance tuning and engine remapping, engines can extract more energy from each unit of fuel. For instance, data from the International Energy Agency (IEA) indicates that vehicle efficiency improved in the United States, achieving an average of 2% more miles per gallon in April 2022 compared to April 2021. The pursuit of enhanced fuel efficiency is thus contributing to the growth of the automotive performance tuning and engine remapping services market.
The complexity of modern engines and associated software is expected to pose challenges to the growth of the automotive performance tuning and engine remapping services market. As engines become more intricate, advanced software is essential to manage them effectively. Modifying modern engines without causing damage or voiding warranties becomes increasingly challenging due to this complexity. Many newer vehicle models incorporate encrypted software, creating a barrier to unauthorized access and posing challenges for tuners seeking to enhance engine performance. The complexity involved restricts the range of vehicles that can undergo tuning and increases the costs associated with such modifications. Therefore, the complexity of modern engines and their software is acting as a constraint on the growth of the automotive performance tuning and engine remapping services market.
Major companies in the automotive performance tuning and engine remapping services market are strategically focusing on the development of performance-upgraded vehicles to maximize their revenues. Performance-upgraded vehicles are automobiles that have undergone aftermarket modifications to enhance overall performance, including aspects such as speed, power, handling, and agility. For instance, ABT Sportsline, a Germany-based motor tuning company, introduced the ABT RS6 Legacy Edition in May 2023. This modified version of the Audi features several performance upgrades, including a more powerful engine, improved suspension, and enhanced brakes. With a twin-turbocharged V8 engine tuned to produce 760 horsepower and 980 lb-ft of torque, the ABT RS6 Legacy Edition represents a significant performance increase compared to the standard RS6 Avant. Additionally, the lowered suspension enhances handling and gives the vehicle a more aggressive stance.
In March 2022, Bayerische Motoren Werke AG (BMW), a Germany-based luxury vehicle company, acquired Alpina Burkard Bovensiepen GmbH & Co. KG. This strategic acquisition is expected to enable BMW to expand its production of high-performance vehicles and strengthen its position in the luxury vehicle segment. Alpina Burkard Bovensiepen GmbH & Co. KG is a Germany-based provider of automotive performance tuning and engine remapping services.
Major companies operating in the automotive performance tuning and engine remapping services market report are Volkswagen Group, The Mercedes-Benz Group AG, Bayerische Motoren Werke AG (BMW), K&N Engineering Inc., Roush Enterprises Inc., AEM Performance Electronics, Revo Technik, COBB Tuning, Forge Motorsport, Hennessey Performance Engineering, Quantum Tuning Ltd., Powerteq LLC, Skunk2 Racing, HP Tuners, AMS Performance, EcuTek Technologies Ltd., RENNtech Inc., JF Automotive, RS Tuning, Burger Motorsports LLC, EVolve Automotive Inc., Evolution Racewerks, VF Engineering LLC, Hondata, K-Tuned, Shark Werks Inc., Regal Tuning.
North America was the largest region in the automotive performance tuning and engine remapping services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive performance tuning and engine remapping services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the automotive performance tuning and engine remapping services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive performance tuning and engine remapping services market includes revenues earned by entities by providing services such as chip tuning services, exhaust system upgrades, brake upgrades, and fuel system upgrades. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The main types of services included in automotive performance tuning and engine remapping are engine tuning, suspension tuning, transmission tuning, interior tuning, and exterior tuning. Engine tuning involves modifying the settings and parameters of an internal combustion engine to achieve optimal performance. These services are applicable to various vehicles, including those with petrol and diesel engines. Products related to these services are distributed through multiple sales channels, such as original equipment manufacturers (OEM) and the aftermarket. They are utilized in various applications, including passenger cars, light commercial vehicles (LCV), motorcycles, heavy commercial vehicles, and off-highway vehicles.
The automotive performance tuning and engine remapping services market research report is one of a series of new reports that provides automotive performance tuning and engine remapping services market statistics, including automotive performance tuning and engine remapping services industry global market size, regional shares, competitors with a automotive performance tuning and engine remapping services market share, detailed automotive performance tuning and engine remapping services market segments, market trends and opportunities, and any further data you may need to thrive in the automotive performance tuning and engine remapping services industry. This automotive performance tuning and engine remapping services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The automotive performance tuning and engine remapping services market size is expected to see strong growth in the next few years. It will grow to $7.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The anticipated growth in the forecast period can be attributed to the rising popularity of aftermarket upgrades, an increased focus on fuel efficiency and performance balance, a shift towards turbocharged and supercharged engines, higher participation in motorsports, and market expansion in emerging economies. Major trends expected during the forecast period include a rise in demand for tuning specialists, the development of aftermarket performance parts, an emphasis on fuel efficiency and power, the integration of diagnostic tools, and a continued shift towards turbocharged and supercharged engines.
The increasing demand for classic cars is poised to drive the growth of the automotive performance tuning and engine remapping services market in the future. A classic car, considered of historical or cultural significance, is experiencing heightened interest and demand. Automotive performance tuning and engine remapping services play a vital role in enhancing the performance, fuel efficiency, and drivability of these classic cars. Notably, Classic.com Inc., a U.S.-based provider of insights on classic cars, reported a 39.9% increase in classic car auction listings in the U.S., rising from 18,507 in 2021 to 25,892 in 2022. The dollar volume generated from these auctions also surged by 31.4% from $960.9 million in 2021 to $1.3 billion in 2022. Thus, the growing fascination for classic cars is expected to propel the automotive performance tuning and engine remapping services market.
The increasing demand for fuel efficiency is anticipated to be a driving force behind the growth of the automotive performance tuning and engine remapping services market. These services play a crucial role in optimizing the combustion process within engines, leading to more efficient fuel consumption. With performance tuning and engine remapping, engines can extract more energy from each unit of fuel. For instance, data from the International Energy Agency (IEA) indicates that vehicle efficiency improved in the United States, achieving an average of 2% more miles per gallon in April 2022 compared to April 2021. The pursuit of enhanced fuel efficiency is thus contributing to the growth of the automotive performance tuning and engine remapping services market.
The complexity of modern engines and associated software is expected to pose challenges to the growth of the automotive performance tuning and engine remapping services market. As engines become more intricate, advanced software is essential to manage them effectively. Modifying modern engines without causing damage or voiding warranties becomes increasingly challenging due to this complexity. Many newer vehicle models incorporate encrypted software, creating a barrier to unauthorized access and posing challenges for tuners seeking to enhance engine performance. The complexity involved restricts the range of vehicles that can undergo tuning and increases the costs associated with such modifications. Therefore, the complexity of modern engines and their software is acting as a constraint on the growth of the automotive performance tuning and engine remapping services market.
Major companies in the automotive performance tuning and engine remapping services market are strategically focusing on the development of performance-upgraded vehicles to maximize their revenues. Performance-upgraded vehicles are automobiles that have undergone aftermarket modifications to enhance overall performance, including aspects such as speed, power, handling, and agility. For instance, ABT Sportsline, a Germany-based motor tuning company, introduced the ABT RS6 Legacy Edition in May 2023. This modified version of the Audi features several performance upgrades, including a more powerful engine, improved suspension, and enhanced brakes. With a twin-turbocharged V8 engine tuned to produce 760 horsepower and 980 lb-ft of torque, the ABT RS6 Legacy Edition represents a significant performance increase compared to the standard RS6 Avant. Additionally, the lowered suspension enhances handling and gives the vehicle a more aggressive stance.
In March 2022, Bayerische Motoren Werke AG (BMW), a Germany-based luxury vehicle company, acquired Alpina Burkard Bovensiepen GmbH & Co. KG. This strategic acquisition is expected to enable BMW to expand its production of high-performance vehicles and strengthen its position in the luxury vehicle segment. Alpina Burkard Bovensiepen GmbH & Co. KG is a Germany-based provider of automotive performance tuning and engine remapping services.
Major companies operating in the automotive performance tuning and engine remapping services market report are Volkswagen Group, The Mercedes-Benz Group AG, Bayerische Motoren Werke AG (BMW), K&N Engineering Inc., Roush Enterprises Inc., AEM Performance Electronics, Revo Technik, COBB Tuning, Forge Motorsport, Hennessey Performance Engineering, Quantum Tuning Ltd., Powerteq LLC, Skunk2 Racing, HP Tuners, AMS Performance, EcuTek Technologies Ltd., RENNtech Inc., JF Automotive, RS Tuning, Burger Motorsports LLC, EVolve Automotive Inc., Evolution Racewerks, VF Engineering LLC, Hondata, K-Tuned, Shark Werks Inc., Regal Tuning.
North America was the largest region in the automotive performance tuning and engine remapping services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive performance tuning and engine remapping services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the automotive performance tuning and engine remapping services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive performance tuning and engine remapping services market includes revenues earned by entities by providing services such as chip tuning services, exhaust system upgrades, brake upgrades, and fuel system upgrades. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The main types of services included in automotive performance tuning and engine remapping are engine tuning, suspension tuning, transmission tuning, interior tuning, and exterior tuning. Engine tuning involves modifying the settings and parameters of an internal combustion engine to achieve optimal performance. These services are applicable to various vehicles, including those with petrol and diesel engines. Products related to these services are distributed through multiple sales channels, such as original equipment manufacturers (OEM) and the aftermarket. They are utilized in various applications, including passenger cars, light commercial vehicles (LCV), motorcycles, heavy commercial vehicles, and off-highway vehicles.
The automotive performance tuning and engine remapping services market research report is one of a series of new reports that provides automotive performance tuning and engine remapping services market statistics, including automotive performance tuning and engine remapping services industry global market size, regional shares, competitors with a automotive performance tuning and engine remapping services market share, detailed automotive performance tuning and engine remapping services market segments, market trends and opportunities, and any further data you may need to thrive in the automotive performance tuning and engine remapping services industry. This automotive performance tuning and engine remapping services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Automotive Performance Tuning and Engine Remapping Services Market Characteristics3. Automotive Performance Tuning and Engine Remapping Services Market Trends and Strategies32. Global Automotive Performance Tuning and Engine Remapping Services Market Competitive Benchmarking33. Global Automotive Performance Tuning and Engine Remapping Services Market Competitive Dashboard34. Key Mergers and Acquisitions in the Automotive Performance Tuning and Engine Remapping Services Market
4. Automotive Performance Tuning and Engine Remapping Services Market - Macro Economic Scenario
5. Global Automotive Performance Tuning and Engine Remapping Services Market Size and Growth
6. Automotive Performance Tuning and Engine Remapping Services Market Segmentation
7. Automotive Performance Tuning and Engine Remapping Services Market Regional and Country Analysis
8. Asia-Pacific Automotive Performance Tuning and Engine Remapping Services Market
9. China Automotive Performance Tuning and Engine Remapping Services Market
10. India Automotive Performance Tuning and Engine Remapping Services Market
11. Japan Automotive Performance Tuning and Engine Remapping Services Market
12. Australia Automotive Performance Tuning and Engine Remapping Services Market
13. Indonesia Automotive Performance Tuning and Engine Remapping Services Market
14. South Korea Automotive Performance Tuning and Engine Remapping Services Market
15. Western Europe Automotive Performance Tuning and Engine Remapping Services Market
16. UK Automotive Performance Tuning and Engine Remapping Services Market
17. Germany Automotive Performance Tuning and Engine Remapping Services Market
18. France Automotive Performance Tuning and Engine Remapping Services Market
19. Italy Automotive Performance Tuning and Engine Remapping Services Market
20. Spain Automotive Performance Tuning and Engine Remapping Services Market
21. Eastern Europe Automotive Performance Tuning and Engine Remapping Services Market
22. Russia Automotive Performance Tuning and Engine Remapping Services Market
23. North America Automotive Performance Tuning and Engine Remapping Services Market
24. USA Automotive Performance Tuning and Engine Remapping Services Market
25. Canada Automotive Performance Tuning and Engine Remapping Services Market
26. South America Automotive Performance Tuning and Engine Remapping Services Market
27. Brazil Automotive Performance Tuning and Engine Remapping Services Market
28. Middle East Automotive Performance Tuning and Engine Remapping Services Market
29. Africa Automotive Performance Tuning and Engine Remapping Services Market
30. Automotive Performance Tuning and Engine Remapping Services Market Competitive Landscape and Company Profiles
31. Automotive Performance Tuning and Engine Remapping Services Market Other Major and Innovative Companies
35. Automotive Performance Tuning and Engine Remapping Services Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Automotive Performance Tuning and Engine Remapping Services Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive performance tuning and engine remapping services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for automotive performance tuning and engine remapping services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Service: Engine Tuning; Suspension Tuning; Transmission Tuning; Interior Tuning; Exterior Tunning
2) By Fuel Type: Petrol; Diesel
3) By Sales Channel: Original equipment manufacturer (OEM); Aftermarket
4) By Application: Passenger Cars; Light Commercial Vehicles (LCV); Motorcycle; Heavy Commercial Vehicles; Off-Highway Vehicles
Key Companies Mentioned: Volkswagen Group; The Mercedes-Benz Group AG; Bayerische Motoren Werke AG (BMW); K&N Engineering Inc.; Roush Enterprises Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard