Automotive Tuning Market Report 2024 (Global Edition)

Global Automotive Tuning Market Report 2024 Market Size Split by Component Type (Hardware Component, Software Component), by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial...

Automotive Tuning Market Report Description

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Automotive Tuning Market Insights Video

Competitive Landscape of the Automotive Tuning Market

The competitive landscape of the automotive tuning market is characterized by a mix of established players and emerging companies. Key players such as ABT Sportsline, Brabus GmbH, and Hennessey Performance Engineering dominate the market with their wide range of tuning solutions and strong brand presence. Additionally, there are numerous smaller companies and startups specializing in niche segments or offering innovative technologies. The market is highly competitive, driven by continuous innovation, technological advancements, and a focus on meeting consumer demands for performance and customization.

February 2022: Weifu High-Technology Group Co., Ltd. has revealed its intention to purchase 100% ownership of VHIT S.p.A. Società Unipersonale and its wholly-owned subsidiary VHIT, Automotive Systems (Wuxi) Co. Ltd. (VHCN) from Robert Bosch S.p.A. Società Unipersonale (RBIT) for approximately EUR 60 million in cash payments.

Top Companies Market Share in Automotive Tuning Industry: (In no particular order of Rank)

• ABT Sportsline (Germany)
• Hennessey Performance Engineering (USA)
• Brabus GmbH (Germany)
• Roush Performance (USA)
• Mansory (Switzerland)
• Novitec Group (Germany)
• Liberty Walk (Japan)
• Mountune (United Kingdom)
• Dinan Engineering (USA)
• Akrapovič (Slovenia)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Automotive Tuning Market

Which Region Dominates the Automotive Tuning Market in 2024?

According to Cognitive Market Research, North America holds the largest market share in the automotive tuning market due to several factors. Firstly, the region has a robust automotive aftermarket industry supported by a large base of car enthusiasts and performance-driven consumers. Additionally, favorable economic conditions and high disposable incomes allow for increased spending on vehicle customization and tuning. Furthermore, a well-established network of tuning companies, automotive events, and enthusiast communities contribute to the region's dominance in the automotive tuning market.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is experiencing the fastest Compound Annual Growth Rate (CAGR) in the automotive tuning market due to several reasons. Firstly, rapid economic growth in countries like China, India, and Japan has led to an expanding middle class with disposable income for vehicle customization. Additionally, increasing urbanization and changing consumer preferences towards personalized vehicles drive the demand for tuning services. Furthermore, the growing popularity of motorsports and automotive enthusiast communities further boost the market growth in the Asia Pacific region.

 

The current report Scope analyzes Automotive Tuning Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Automotive Tuning

According to Cognitive Market Research, the global Automotive Tuning market size was estimated at USD 6125.20 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2450.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Automotive Tuning market with a market size of USD 1933.11 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The demand is amplified by the nation's high disposable incomes.
• The Canada Automotive Tuning market had a market share of USD 294.01 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. This is due to favorable economic conditions.
• The Mexico Automotive Tuning market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 222.96 million in 2024.

Europe Automotive Tuning

According to Cognitive Market Research, the global Automotive Tuning market size was estimated at USD 6125.20 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1837.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Automotive Tuning market had a market share of USD 308.71 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Automotive Tuning sales witness an upswing due to high demand for tuning services and products.
• The France Automotive Tuning market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 169.07 million in 2024.
• According to Cognitive Market Research, the Germany Automotive Tuning market size was valued at USD 363.84 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Automotive Tuning sales surged due to growing enthusiast community.
• The Italy Automotive Tuning market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 158.03 million in 2024.
• The Russia Automotive Tuning market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 284.82 million in 2024.
• The Spain Automotive Tuning market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 150.68 million in 2024
• The Luxembourg Automotive Tuning market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 56.96 million in 2024.
• The Portugal Automotive Tuning market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 38.59 million in 2024.
• The Greece Automotive Tuning market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 22.05 million in 2024.
• Rest of Europe's Automotive Tuning market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 284.82 million in 2024.

Asia Pacific Automotive Tuning

According to Cognitive Market Research, the global Automotive Tuning market size was estimated at USD 6125.20 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1408.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Automotive Tuning market size was valued at USD 633.96 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Automotive Tuning sales surge in China due to increasing urbanization and changing consumer preferences.
• The Japan Automotive Tuning market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 194.41 million in 2024.
• The India Automotive Tuning market had a market share of USD 169.06 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. This is due to growing popularity of motorsports.
• The South Korea Automotive Tuning market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 140.88 million in 2024.
• The Australia Automotive Tuning market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 73.26 million in 2024.
• The South East Asia Automotive Tuning market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 97.21 million in 2024.
• The Rest of Asia Pacific Automotive Tuning market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 100.02 million in 2024.

South America Automotive Tuning

According to Cognitive Market Research, the global Automotive Tuning market size was estimated at USD 6125.20 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 306.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Automotive Tuning market size was valued at USD 131.08 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Automotive Tuning sales flourish in Brazil due to rising interest in vehicle customization.
• Argentina Automotive Tuning market had a market share of USD 51.45 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. This is due to increasing disposable incomes.
• Colombia Automotive Tuning market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 27.26 million in 2024.
• Peru Automotive Tuning market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 25.11 million in 2024.
• Chile Automotive Tuning market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 22.05 million in 2024.
• The Rest of Latin America Automotive Tuning market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 49.31 million in 2024.

Middle East and Africa Automotive Tuning

According to Cognitive Market Research, the global Automotive Tuning market size was estimated at USD 6125.20 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 122.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The GCC Countries Automotive Tuning market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 52.43 million in 2024. Automotive Tuning sales flourish due to increasing urbanization contribute to higher disposable incomes.
• The Egypt Automotive Tuning market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 12.86 million in 2024.
• The South Africa Automotive Tuning market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 19.36 million in 2024. Automotive Tuning sales flourish in South Africa due to economic development.
• The Turkey Automotive Tuning market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 10.54 million in 2024.
• The Nigeria Automotive Tuning market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 12.86 million in 2024.
• The Rest of MEA Automotive Tuning market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 14.46 million in 2024.

Automotive Tuning Market Analysis

How are Segments Performing in the Global Automotive Tuning Market?

Automotive Tuning Market Component Type Segment Analysis

According to Cognitive Market Research, Hardware Component stands out as the dominating category. Hardware components capture the largest market share in the automotive tuning market due to their essential role in performance and aesthetic enhancements. Components like exhaust systems, suspension kits, and turbochargers are crucial for tangible improvements in vehicle speed, handling, and appearance. The demand for these parts is driven by car enthusiasts seeking significant and immediate upgrades. Additionally, advancements in automotive technology have made high-performance hardware more accessible and effective, further boosting their popularity and market dominance..

Software components are growing at the highest CAGR in the automotive tuning market due to the increasing reliance on electronic control units (ECUs) and advanced tuning software for optimizing vehicle performance. These software solutions offer precise, customizable adjustments to engine parameters, enhancing efficiency, power, and responsiveness. The growing popularity of electric and hybrid vehicles, which depend heavily on software tuning, also contributes to this rapid growth. Additionally, advancements in connectivity and AI-driven diagnostics further boost the adoption of software-based tuning solutions.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Tuning Industry. Request a Free Sample PDF!

Automotive Tuning Market Vehicle Type Segment Analysis

According to Cognitive Market Research, the dominating category is Passenger Vehicle. Passenger vehicles capture the largest market share in the automotive tuning market due to their widespread ownership and use by a diverse consumer base. Car enthusiasts frequently seek to enhance their daily drivers for improved performance, aesthetics, and personalization. Additionally, the rising popularity of aftermarket modifications among the general public, coupled with the availability of a wide range of tuning products and services tailored specifically for passenger cars, drives this significant market share. Urbanization and increasing disposable incomes further fuel this demand.

Light Commercial Vehicles (LCVs) are growing at the highest CAGR in the automotive tuning market due to their increasing use in various industries, requiring enhanced performance and efficiency. Fleet operators and small businesses seek tuning solutions to improve fuel economy, reliability, and load-handling capabilities. Additionally, the rise of e-commerce and urban logistics boosts demand for optimized LCVs. Customization for specific business needs, combined with advancements in tuning technologies, further drives the rapid growth of this segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Automotive Tuning Fuel Type Segment Analysis

Fuel Type Segment Analysis

According to Cognitive Market Research, the dominating category is Gasoline. Gasoline fuel type captures the largest market share in the automotive tuning market due to the predominance of gasoline-powered vehicles globally, especially among performance car enthusiasts. These vehicles offer greater tuning potential for enhancements in horsepower, torque, and acceleration. The well-established infrastructure for gasoline vehicles and a wide range of aftermarket parts and tuning services further support this dominance. Additionally, gasoline engines' responsiveness to tuning adjustments makes them a popular choice for those seeking noticeable performance improvements.

Diesel fuel type is growing at the highest CAGR in the automotive tuning market due to the rising demand for improved fuel efficiency and torque in commercial and heavy-duty vehicles. Diesel engines, known for their durability and fuel economy, are increasingly being tuned for better performance and reduced emissions. Advances in diesel tuning technology, such as improved ECU remapping and turbocharging, make these modifications more effective and appealing. This growth is further driven by the expanding use of diesel vehicles in logistics and transportation sectors.

• Gasoline
• Diesel

Automotive Tuning Sales Channel Segment Analysis

Sales Channel Segment Analysis

According to Cognitive Market Research, the dominating category is Direct Sales. Direct sales capture the largest market share in the automotive tuning market due to the personalized service and expert advice they offer, which are crucial for tuning decisions. This channel allows tuning companies to establish strong relationships with customers, ensuring tailored solutions and high customer satisfaction. Direct interactions also provide immediate feedback and support, fostering trust and loyalty. Additionally, specialized tuning shops and workshops, which primarily use direct sales, cater effectively to the performance and customization needs of enthusiasts, driving this channel's dominance.

The third-party online sales channel is growing at the highest CAGR in the automotive tuning market due to its convenience, wide product availability, and competitive pricing. Online platforms offer extensive selections of tuning parts and services, accessible to a global audience. Consumers benefit from easy price comparisons, customer reviews, and detailed product information, which enhances purchasing decisions. Additionally, the growth of e-commerce and improved logistics support faster delivery and greater accessibility, driving more customers to opt for online purchases over traditional methods.

• Direct Sales
• Third Party Online Channel
• Independent Stores
• Others

Automotive Tuning Covers Segment Analysis

Covers Segment Analysis

According to Cognitive Market Research, the dominating category is FM/AM Tuner. FM/AM tuner covers captured the largest market share in the automotive tuning market due to their widespread demand for enhancing audio system aesthetics and performance. As a fundamental component of in-car entertainment, upgrading FM/AM tuners is a popular and accessible modification among car enthusiasts and casual users alike. The large market share is also driven by the ease of installation, affordability, and the significant improvement in sound quality and reception that these covers provide, making them a favored choice for vehicle customization.

TV tuner covers are growing at the highest CAGR in the automotive tuning market due to the increasing demand for in-car entertainment and multimedia experiences. As consumers seek more advanced and diverse entertainment options while traveling, the integration of TV tuners in vehicles becomes more attractive. Technological advancements and the proliferation of digital content make TV tuners a desirable feature. Additionally, the rise in long-distance travel and road trips boosts the demand for enhanced in-car entertainment systems, driving the growth of TV tuner covers.

• FM/AM Tuner
• TV Tuner

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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