(MENAFN- EIN Presswire)
Engine Tuner Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only!
The engine tuner market size is expected to see strong growth in the next few years. It will grow to $4.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.” - The Business Research Company
LONDON, GREATER LONDON, UNITED KINGDOM, November 26, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only!
The engine tuner market has experienced considerable growth in recent years. It is projected to grow from $3.37 billion in 2023 to $3.58 billion in 2024, reflecting a compound annual growth rate CAGR of 6.2%. This growth during the historical period can be linked to increasing demand for high-performance vehicles, an upswing in performance enhancement demand, a surge in vehicle performance customization, stringent environmental regulations aimed at emission reductions, and a rise in demand for power and improved fuel economy.
How Will The Engine Tuner Market Propel In The Upcoming Years?
The engine tuner market is anticipated to experience robust growth in the coming years. It is projected to reach $4.57 billion by 2028 at a compounded annual rate CAGR of 6.3%. This growth during the forecast period can be attributed to increased automotive sales, the rising availability of plug-and-play engine tuners, increased awareness about engine remapping, growing emphasis on fuel efficiency, and the perpetually increasing demand for high-performance vehicles. Predicted trends within the forecast period include technological advancements, the extension of EV tuning solutions, weight reduction techniques gaining momentum among tuners, advancements in materials science enabling innovation, and collaborations offering warranty-approved tuning solutions.
Get Access to Comprehensive Insights Into The Global Engine Tuner Market With A Detailed Sample Report:
What Are The Major Driving Factors Of The Engine Tuner Market?
Driving the growth of the engine tuner market going forward is the increase in motor vehicle production, due to advancements in automation, precision engineering, supply chain management, and innovations in materials and manufacturing technologies aimed at augmenting efficiency, quality, and scalability. Moreover, engine tuners aid motor vehicle production by optimizing engine performance and efficiency. This enables manufacturers to meet specific performance targets and regulatory standards, thereby enhancing their vehicles' overall quality and market standing. According to the European Automobile Manufacturers' Association ACEA, an Italy-based motor vehicle manufacturing association, in 2022, there was a production of 85.4 million motor vehicles worldwide, representing an increase of 5.7% compared to 2021.
View The Full Engine Tuner Global Market Report:
Who Are The Major Players In The Market And What Recent Advancements Have Been Made?
Major companies in the engine tuner market are developing advanced engine management solutions to enhance vehicle performance and fuel efficiency, yielding improved emission control. Engine management solutions integrate innovative algorithms and real-time data analysis to fine-tune engine parameters, ensuring precise control over ignition timing, fuel injection, and boost levels. This results in increased power output and a reduced environmental effect. For instance, in October 2023, HP Tuners, a US-based performance tuning solution, launched the CORE ECU and VCM Live software. Designed for high-performance tuning of Gen 3 and Gen 4 LS engines, this standalone engine management solution, with its advanced engine control, extensive data-logging capabilities, and user-friendly customization software, is poised to be a game-changer in the automotive tuning market.
How Is The Global Engine Tuner Market Segmented?
The engine tuner market covered in this report is segmented into:
1 By Component Type: Hardware Component, Software Component
2 By Fuel Type: Gasoline, Diesel
3 By Application: Passenger vehicle, Commercial Vehicle
4 By Sales Channel: Original Equipment Manufacturer OEM, Aftermarket
Where is the Market Headed Regionally?
The engine tuner market will continue to flourish with major players offering innovative solutions and regional markets expanding with increased vehicle production.
Browse Through More Similar Reports By The Business Research Company:
Automotive Engine and Engine Mounts Global Market Report 2024
Content Recommendation Engine Global Market Report 2024
Aircraft Engine Blade Global Market Report 2024
About The Business Research Company
Learn More About The Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company:
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at ...
Follow us on:
LinkedIn:
YouTube:
Global Market Model: global-market-model
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN26112024003118003196ID1108926459
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.