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Engine Tuner Global Market Overview, Driving Factors, Future Trends, Key Players and Growth Opportunities And Forecast By 2033 | AEM Electronics, Motec Systems USA, Cobb Tuning, Alientech SRL, Hondata Inc.
Engine Tuner Global Market
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According to The Business Research Company's, The engine tuner market size has grown strongly in recent years. It will grow from $3.37 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increasing demand for high-performance vehicles, growing demand for performance enhancement, rising demand for enhanced vehicle performance and customization, stringent environmental regulations aimed at reducing emissions, and increasing demand for power and improved fuel economy.
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 growth in the forecast period can be attributed to increased automotive sales, increasing availability of plug-and-play engine tuners, growing awareness about performance tuning and engine remapping, increasing focus on fuel efficiency, and continually rising demand for high-performance vehicles. Major trends in the forecast period include technological advancements, expansion of EV tuning solutions, tuners focusing on weight reduction techniques, advancements in materials science enabling creative solutions, and collaborations providing warranty-approved tuning solutions.
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Market Drivers and Trends:
The increasing motor vehicle production is expected to propel the growth of the engine tuner market going forward. Motor vehicle production is attributed to advancements in automation, precision engineering, supply chain management, and innovations in materials and manufacturing technologies aimed at improving efficiency, quality, and scalability. Engine tuners help motor vehicle production by optimizing engine performance and efficiency, enabling manufacturers to meet specific performance targets and regulatory standards, thereby enhancing their vehicles' overall quality and competitiveness. For instance, in May 2023, according to the European Automobile Manufacturers' Association (ACEA), an Italy-based motor vehicle manufacturing association, in 2022, 85.4 million motor vehicles were produced worldwide, an increase of 5.7% compared to 2021. Therefore, the increasing motor vehicle production is driving the engine tuner market.
Major companies operating in the engine tuner market are developing engine management solutions to enhance vehicle performance, optimize fuel efficiency, and improve emissions control. Engine management solutions integrate advanced algorithms and real-time data analysis to fine-tune engine parameters and ensure precise control over ignition timing, fuel injection, and boost levels, resulting in increased power output and reduced environmental impact. For instance, in October 2023, HP Tuners, a US-based performance tuning solution, launched the CORE ECU and VCM Live software. This standalone engine management solution is designed for high-performance tuning, specifically targeting Gen 3 and Gen 4 LS engines. With features like advanced engine control, extensive data logging capabilities, and user-friendly customization software, the CORE ECU is poised to be a game-changer in the automotive tuning market.
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Major Key Players of the Market:
Holley Performance Products Inc., AEM Electronics, Motec Systems USA, Cobb Tuning, Alientech SRL, Hondata Inc., Quantum Tuning, APR LLC, Vivid Racing, Dinan Engineering, Superchips Ltd., Diablo Sport, Revo Technik, RaceChip Chiptuning GmbH & Co. KG, EcuTek Technologies Ltd., Hypertech Inc., Autotuner, EFI Live, Flashtec SA, JR Auto Performance, Magic Motorsports, Roo Systems, Roush Performance, Tactrix Inc.
Engine Tuner Market 2024 Key Insights:
• 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%.
• Rising Vehicle Production Drives Growth in Engine Tuner Market
• Technological Advancements In ECU Tuning Solutions
• North America was the largest region in the engine tuner market in 2023
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