Asia-Pacific Automotive Performance Tuning and Engine Remapping Services Market to Witness 7.4% CAGR, Reaching $8.69 Billion by 2031

According to a recent report published by Allied Market Research, titled, "Asia-Pacific Automotive Performance Tuning and Engine Remapping Services Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, Vehicle Type and Tuning Stage : Opportunity Analysis and Industry Forecast, 2022-2031."

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐓𝐮𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐄𝐧𝐠𝐢𝐧𝐞 𝐑𝐞𝐦𝐚𝐩𝐩𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝟐𝟎𝟐𝟐-𝟐𝟎𝟑𝟏 :

The Asia-Pacific automotive performance tuning and engine remapping services market was valued at $4.31 billion in 2021, and is projected to reach $8.69 billion by 2031, registering a CAGR of 7.4% from 2022 to 2031.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/A53426

The rise in demand for high-power and fine-tuned engines and the growth in adoption of fuel consumption-improving technics are major factors that are anticipated to create demand for automotive performance tuning and engine remapping across the region during the forecast period. Moreover, market players operating in Asia-Pacific are introducing a new range of components related to performance tuning and ECU remapping for enhancing the performance and efficiency of vehicles that are expected to propel the growth of the market across the region during the forecast period.

Moreover, automobile design on demand and individualized car tuning are expected to become easier in South Korea, as the automotive sector has become the newest deregulation target to develop specialist vehicle fields and create a position in the auto market. In December 2013, the Ministry of Land, Infrastructure, and Transport("MLIT") of South Korea updated the "Regulations on Vehicle Structure and Device Changes". These regulations ease out the domestic regulations related to automobile tuning by allowing free tuning of the vehicle. According to new regulation, vehicle tuning can be done without taking approval from the Korea Transportation Safety Authority ("KOTSA").

The production and sale of passenger vehicles have seen a significant increase in developing Asian countries such as India, China, and Japan. For instance, in August 2021, Tata Motors, a leading automobile manufacturer recorded a 51% growth in passenger vehicle sales. In addition, vehicle components need to change over time, owning to reduced performance levels. Vehicle performance tuning helps to improve the inbuild power capacity of the vehicle to the maximum level. These factors are anticipated to supplement the demand for passenger vehicles performance tuning.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/asia-pacific-automotive-performance-tuning-and-engine-remapping-services-market/purchase-options

However, the engine produces higher power when the engine control unit (ECU) is remapped. It may have an impact on the engine's and other components' long-term reliability as they are under high stress to create that extra level of power. As the engine's limiters have been removed, the tuning process is anticipated to certainly put the engine under extra stress. This is expected to eventually lead to more wear and tear, as well as an increased risk of engine failure due to higher stress. Moreover, incorrect ECU tuning can cause injector leaks, intake & exhaust system issues, and other issues. In addition, overpowering a vehicle's engine puts it under a considerable amount of stress, increasing pressure in the engine and wearing it out faster than non-remapped vehicles. Users increase the chance of early engine failure by attempting to exceed the manufacturer-designed limitations of their engine's performance or power. This factor is expected to hinder the growth of the market during the forecast period.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :

The COVID-19 crisis is creating uncertainty in the market, massive slowing of the supply chain, falling business confidence, and increasing panic in the automotive sector. Governments of different regions have already announced a total lockdown and the temporary shutdown of industries, and the overall production process is adversely affected. The spread of the COVID-19 pandemic has negatively impacted the Asia-pacific automotive performance tuning and engine remapping services market owing to the lockdown imposed in the majority of countries across the globe.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :

By product type, the interior segment is anticipated to exhibit significant growth in the near future.

By vehicle type, the passenger vehicle system segment is anticipated to exhibit significant growth in the near future.

By tuning stage, the stage 1 segment is anticipated to exhibit significant growth in the near future.

By country, Indonesia is anticipated to register the highest CAGR during the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A53426

Key players operating in the Asia-pacific automotive performance tuning and engine remapping services market include Blitz Co., Ltd., CODE 6 Tuning, DK Tuning, DNA Tuning Malaysia, Dynamic Performance System, ECU-TECH AUSTRALIA, EPG Group, HKS Co., Ltd., JUN Auto (Tanaka Industrial Co., Ltd.), KS Motorsport, Mines Co. Ltd., Powerhouse Amuse Co., Ltd, Quantum Tuning, Roo Systems, VAG Singapore Pte Ltd., and Wolf Moto.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

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