Global Automotive Turbocharger Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
MarketResearch.biz delivers in-depth insights on the global automotive turbocharger market in its upcoming report titled, “Global Automotive Turbo Charger Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global automotive turbocharger market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive turbocharger market report has been segmented on the basis of by engine, vehicle type, sales channel, and region.
An automotive turbocharger or turbo is a centrifugal blower that supercharges an engine and is driven by exhaust gas engines in the vehicles. It helps in boosting an engine’s horsepower without increasing its weight. Turbocharger engines generates more power when compared to same engine which was not charged. This helps in improving power-to-weight ratio of engine. Turbocharges includes various features which increases its usage in automotive: increases volumetric efficiency of the engine, reduces consumption of fuel, and helps in proper working of engine in different ambient conditions.
The major factor driving growth of the target market over the forecast period are stringent fuel emission norms and increasing concerns about fuel efficiency in the developing economies. In addition, increasing popularity of automotive racing especially among the youth population is another factor expected to fuel growth of this market. High dependency of transportation industry on diesel engines especially for heavy-duty performances is expected to drive growth of the target market in the near future. Furthermore, increasing demand for efficient engines in terms of output and power is another factor expected to support growth of the global market.
However, high cost of automotive turbochargers is restraining growth of the global automotive turbocharger market over the forecast period. In addition, increasing adoption of electric vehicles is another factor expected to hamper growth of the market in the near future. Furthermore, usage of high-grade materials is another factor limiting growth of the target market.
Ongoing trend observed is increasing adoption of two-stage turbocharging which is also called as twin turbo technology. Developing innovative and cost-effective solution for boosting engines efficiency and performance is expected to create potential opportunities for target players in this market over the forecast period.
The market in Europe dominates the global market in terms of revenue, owing to increasing focus on emission regulations in countries in the region. Governments initiatives in Europe region is expected to promote use of low-emission and high-efficiency vehicles. The market in North America is expected to hold second highest share in terms of revenue owing to carbon regulation by National Highway Traffic Safety Administration (NHTSA) in the region especially the US. The market in Asia Pacific is projected to have highest CAGR, as it is considered as a leading region for manufacturing automotive components.
Global automotive turbocharger market segmentation:
Segmentation by engine:
- Diesel engine
- Gasoline engine
Segmentation by vehicle:
- Light vehicle
- Heavy vehicle
Segmentation by sales channel:
- Original equipment manufacturer (OEM)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- BorgWarner Inc.
- Honeywell International Inc.
- IHI Corporation
- Cummins Inc.
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- Continental AG
- Bosch Mahle Turbo Systems GmbH & Co. KG
- Rotomaster International
- Precision Turbo & Engine Rebuilders, Inc.
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