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Global Automotive Tuner Market to Reach $12 Billion by 2033 Future Market Insights (FMI) Forecasts Impressive Growth Amidst Rising Demand
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Automotive Tuner Market will rise at 5 8% CAGR between 2021 and 2031 | Derive Systems, Cobb, Alientech SRL, Roo Systems
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DUBAI, U.A.E, May 17, 2021 /PRNewswire/ The global automotive tuner market is predicted to grow at 5.8% CAGR between 2021 and 2031. The rising demand for high performance vehicles with improve fuel efficiency among consumers will drive growth, says ESOMAR-certified consulting firm Future Market Insights (FMI) in its study. According to the study, passenger car modification is gaining traction among vehicle owners leading to increase in demand for automotive tuners.
Automotive tuners with their hardware components such as turbochargers increases power and torque without compromising fuel efficiency. COVID-19 did slow the economy and direct sales but rise of online sales remains unaffected by economic crisis. Growing automotive retail sales and development of modern technologies will fuel the market growth.