Market Overview:
The global vehicle performance tuning and engine remapping services market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for high-performance vehicles and rising awareness about the benefits of vehicle performance tuning and engine remapping services. On the basis of type, the global vehicle performance tuning and engine remapping services market has been segmented into engine parts, chassis parts, interior parts, body parts, and others. The engine parts segment is expected to account for a major share of the global market in 2018. This can be attributed to increasing demand for high-performance engines among consumers across regions. On the other hand, chassis parts are projected to exhibit highest CAGR over the forecast period owing to growing popularity of sports cars across regions. On basis on application type passenger vehicles are anticipated witness higher adoption rates as compared with commercial vehicles during 2018-2030 owing stringent emission norms being implemented by various governments globally coupled with rising disposable income levels among consumers in developing countries such as China & India . Passenger car application segment is estimated account for more than three fourths share revenue generated through sales of VPT&EPRS globally by 2030 end .
Product Definition:
Vehicle Performance Tuning is the process of adjusting or modifying the performance of a vehicle. This can include optimizing the engine, brakes, suspension, and other systems to achieve better handling, acceleration, and fuel economy. Vehicle Performance Tuning can also involve adding aftermarket parts or accessories such as exhausts and air intakes.
Engine Remapping Services is a type of Vehicle Performance Tuning that involves adjusting the settings on a vehicle's engine control unit (ECU) to improve its performance. This can include increasing power output, improving fuel economy, or altering how the engine behaves under different conditions. Engine Remapping Services can be done by professional tuners or by self-tuning using software programs available online.
Engine Parts:
Engine parts are the internal working components of an engine that comprise intake & exhaust systems, cylinder head, and other mechanical elements. The growth factor in vehicle performance tuning and engine remapping services market is determined by factors such as consumer demand for improved fuel efficiency & power output from vehicles coupled with stringent government regulations on carbon emissions.
The global market for engine parts was valued at USD 97.86 billion in 2013.
Chassis Parts:
Chassis parts are the internal components of a vehicle that support and enable the mechanical functions such as steering, driving, seating and cooling. The chassis also provides a frame for the body of an automobile. It is made up of several structural members including cross rails, beams, channels along with mounting points for suspension systems and drivetrain components.
Application Insights:
The passenger vehicle segment dominated the global market in terms of revenue share in 2017. The growing trend of modifying the engine and transmission settings to improve performance and fuel efficiency is expected to drive demand for GVPES over the forecast period. Furthermore, rising consumer preference for vehicles with enhanced performance capabilities is anticipated to further fuel market growth over the coming years.
Commercial vehicle application segment was estimated at USD 446.5 million in 2017 owing to high demand from end-use industries such as construction, mining, agriculture among others that require commercial vehicles with enhanced capabilities for efficient operations at lower costs while improving productivity levels across various industries worldwide which is likely to propel industry growth over the coming years.
Asia Pacific has been witnessing significant industrialization activities coupled with rapid urbanization resulting in an increased need for commercial vehicles across countries such as China, India Japan etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising investments in R&D and increasing adoption of performance modifications in emerging countries, such as China and India. Furthermore, growing popularity of high-performance modified vehicles among consumers is anticipated to drive demand for vehicle performance tuning services in this region.
The European market held a significant share owing to stringent regulations implemented by the governments across various countries regarding use of fuel-efficient engines for urban transportation purposes. These government initiatives have resulted in increased sales of naturally aspirated engines across Europe; however, these same initiatives are challenging for tuners as they are not able to sell remapped versions due their lack of efficiency under WLTP conditions (Worldwide Harmonized Light Vehicle Testing Procedure).
Growth Factors:
- Increasing demand for luxury and performance cars
- Rising disposable income of the middle-class population
- Technological advancements in the automotive industry
- Stringent government regulations on emissions and fuel economy standards
- Growing popularity of eco-friendly/alternative fuel vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Performance Tuning and Engine Remapping Services Market Research Report
By Type
Engine Parts, Chassis Parts, Interior Parts, Body Parts, Others
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Jiffy Lubes International, Firestone Complete Auto Care, Monro Muffler Brake, Driven Brands, Asbury Automotive Group, Sumitomo Corporation, Belron International, Meineke Car Care Center, Goodyear Tire & Rubber, Ashland Automotive, Carmax Autocare Center, Safelite Group, Midas, OTC Tools, Rust-Oleum, GearWrench, Chemical Guys, Schumacher, Pro-Lift
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Performance Tuning and Engine Remapping Services Market Report Segments:
The global Vehicle Performance Tuning and Engine Remapping Services market is segmented on the basis of:
Types
Engine Parts, Chassis Parts, Interior Parts, Body Parts, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jiffy Lubes International
- Firestone Complete Auto Care
- Monro Muffler Brake
- Driven Brands
- Asbury Automotive Group
- Sumitomo Corporation
- Belron International
- Meineke Car Care Center
- Goodyear Tire & Rubber
- Ashland Automotive
- Carmax Autocare Center
- Safelite Group
- Midas
- OTC Tools
- Rust-Oleum
- GearWrench
- Chemical Guys
- Schumacher
- Pro-Lift
Highlights of The Vehicle Performance Tuning and Engine Remapping Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Engine Parts
- Chassis Parts
- Interior Parts
- Body Parts
- Others
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicle Performance Tuning and Engine Remapping Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vehicle performance tuning and engine remapping services are used to improve the performance of a vehicle. Vehicle performance tuning can be done by modifying the settings on a car's engine or transmission, while engine remapping can change the mapping of fuel and air intake valves in order to increase power and efficiency.
Some of the major players in the vehicle performance tuning and engine remapping services market are Jiffy Lubes International, Firestone Complete Auto Care, Monro Muffler Brake, Driven Brands, Asbury Automotive Group, Sumitomo Corporation, Belron International, Meineke Car Care Center, Goodyear Tire & Rubber, Ashland Automotive, Carmax Autocare Center, Safelite Group, Midas, OTC Tools, Rust-Oleum, GearWrench, Chemical Guys, Schumacher, Pro-Lift.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Performance Tuning and Engine Remapping Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle Performance Tuning and Engine Remapping Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Performance Tuning and Engine Remapping Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle Performance Tuning and Engine Remapping Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle Performance Tuning and Engine Remapping Services Market Size & Forecast, 2020-2028
4.5.1 Vehicle Performance Tuning and Engine Remapping Services Market Size and Y-o-Y Growth
4.5.2 Vehicle Performance Tuning and Engine Remapping Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Engine Parts
5.2.2 Chassis Parts
5.2.3 Interior Parts
5.2.4 Body Parts
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Performance Tuning and Engine Remapping Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle Performance Tuning and Engine Remapping Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Engine Parts
9.6.2 Chassis Parts
9.6.3 Interior Parts
9.6.4 Body Parts
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Engine Parts
10.6.2 Chassis Parts
10.6.3 Interior Parts
10.6.4 Body Parts
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Engine Parts
11.6.2 Chassis Parts
11.6.3 Interior Parts
11.6.4 Body Parts
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Engine Parts
12.6.2 Chassis Parts
12.6.3 Interior Parts
12.6.4 Body Parts
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Engine Parts
13.6.2 Chassis Parts
13.6.3 Interior Parts
13.6.4 Body Parts
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle Performance Tuning and Engine Remapping Services Market: Competitive Dashboard
14.2 Global Vehicle Performance Tuning and Engine Remapping Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jiffy Lubes International
14.3.2 Firestone Complete Auto Care
14.3.3 Monro Muffler Brake
14.3.4 Driven Brands
14.3.5 Asbury Automotive Group
14.3.6 Sumitomo Corporation
14.3.7 Belron International
14.3.8 Meineke Car Care Center
14.3.9 Goodyear Tire & Rubber
14.3.10 Ashland Automotive
14.3.11 Carmax Autocare Center
14.3.12 Safelite Group
14.3.13 Midas
14.3.14 OTC Tools
14.3.15 Rust-Oleum
14.3.16 GearWrench
14.3.17 Chemical Guys
14.3.18 Schumacher
14.3.19 Pro-Lift
