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Base Year: 2024
Companies covered: 20
Tables & Figures: 190
Countries covered: 21
Pages: 170
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Mechanical Performance Tuning Component Market
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Mechanical Performance Tuning Component Market Size
The global mechanical performance tuning component market was valued at USD 5.2 billion in 2024 and is estimated to register a CAGR of 6.8% between 2025 and 2034. The growing demand for EVs is strengthening the market for performance tuning components as it offers new growth opportunities for tuning hybrids and EVs. The International Energy Agency reported that electric car sales during the first quarter of 2024 experienced a strong growth, and the total sales number exceeded those at the same time in 2023 by approximately 25 percent, crossing the 3-million-unit sales.
The growing sale of EVs is also leading to rising need to improve the performance of battery systems, powertrains, vehicle software, and other mechanical parts to improve their range, acceleration, and overall efficiency. Moreover, electric vehicle tuning companies are increasingly coming up with new parts such as performance chips, electric motors, and many others, which also contribute to the growth of the tuning industry.
Demand for off-road and adventure vehicles is increasing, which is also leading to the growth of mechanical performance tuning components. These components help improve the performance of their vehicles on rough terrains. The off-road vehicle market was valued at USD 21.9 billion in 2024 and is expected to reach USD 46.9 billion by 2034, representing a growth of 7.9%. Fueling this growth is the increasing consumer spending on SUVs, trucks and 4x4s for recreational off-road driving which increases the requirement for custom suspension system replacements, engine upgrades, exhaust systems, and specialized brake kits.
Mechanical Performance Tuning Component Market Trends
Consumers are now opting for parts that are both beneficial for their vehicle function improvement and environmentally friendly. They are demanding fuel systems that are highly efficient, low emission exhaust systems, and parts that are light in weight which will increase fuel economy and reduce the carbon footprint.
Mechanical Performance Tuning Component Market Analysis
Based on application, the mechanical performance tuning component market is segmented into passenger cars, commercial vehicles, off road vehicles, motorcycles, marine, and motorsports. In 2024, the passenger cars segment held a market share of over 25% and was valued at around USD 1 billion.
Based on the distribution channel, the mechanical performance tuning component market is segmented as OEM and aftermarket. The aftermarket segment dominated in 2024 with a market share of around 65%.
Based on component, the mechanical performance tuning component market is segmented as engine, suspension and chassis, brake, transmission, cooling system, and others. The engine segment led the market in 2024.
North America dominates the global mechanical performance tuning component market with a major share of over 30% and the U.S. led the market in the region and was valued at around USD 1.3 billion in 2024.
The growth forecast for the mechanical performance tuning components market in Germany from 2025 to 2034 is highly encouraging.
China is expected to show remarkable and promising development in the mechanical performance tuning component market from 2025-2034.
The mechanical performance tuning components market in Mexico is expected to experience significant and promising growth from 2025 to 2034.
Mechanical Performance Tuning Component Market Share
Top 7 companies leading the mechanical performance tuning components industry in 2024 were Bosch, Magna International, ZF Friedrichshafen AG, BorgWarner, Brembo S.p.A, Holley Performance Products Inc., and K&N Filters. Together, they held more than 30% of the market share.
Mechanical Performance Tuning Component Market Companies
Major players operating in the mechanical performance tuning component industry include:
Mechanical Performance Tuning Component Industry News
The mechanical performance tuning components market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) and shipments (units) and from 2021 to 2034, for the following segments:
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Market, By Component
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: