Automotive Turbochargers Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Automotive Turbochargers Market by vehicle type(light commercial vehicles, heavy commercial vehicles and passenger vehicle); technology type(variable geometry turbocharger (VGT), Watergate, twin turbo) fuel type(diesel and gasoline) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Automotive Turbochargers Market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the Global Automotive Turbochargers Market are Continental AG, Bosch Mahle Turbo System GmbH & Co. KG, Precision Turbo & Engine, Rotomaster International, and Eaton Corporation PLC. According to report the global automotive turbochargers market is expected to grow at a CAGR of 9.5% over the forecast period of 2017 - 2023.
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Europe has amassed the growth in the automotive turbocharger market
Europe dominated the automotive turbocharger market followed by Asia and North America.The global market has been witnessing an increase in demand from Asia Pacific, whereas the European market is anticipated to exhibit slow-moving growth due to low automotive demand and quiet economic conditions. The preference of fuel-efficient vehicles and reducing the size of the engines by the automakers in Asia region are the major drivers for the automotive turbocharger market. Initiatives from the governments in Europe Middle East and Africa have helped to promote the use of low-emission and high-efficiency vehicles, which is expected to boost the demand for turbochargers.
Automotive turbochargers to expand at a CAGR of 9.55%
Rising demand from original equipment manufacturers to offer, fuel efficient and lightweight vehicles are anticipated to be the primary factors driving the growth of the automotive turbocharger market.Additionally, theemission regulation authorities are focusing on CO2 emissionsand are replacing natural engines with turbochargers the factors are likely to fuel the automotive turbocharger market. Furthermore, rise in demand for powerful and fuel-efficient gasoline-powered vehicles; the demand for turbochargers is set to rise in the upcoming years.However, regular technological advancements contribute in the combination of turbochargers into the engines and enable the small-sized engines to offer higher power relative to their size. These innovations are likely to bring immense potential to the automotive turbocharger market.
Industry players focusing on developing the new products to gain a competitive edge
Major companies operating in the Automotive Turbocharger Market Include: Honeywell, BorgWarner, and IHI CSI.These leading companies are taking initiatives to engage themselves in partnerships and alliances in order to expand their business in emerging markets such as India and China.Emission standards laid down by various agencies such as EPA in North America and “Bharat Stage Emission Standards“in India have demanded vehicle manufacturers to prepare vehicles with new technologies such as turbochargers to obey with emission standards.Honeywell launched a variable nozzle turbine (VNT) turbocharger for expansion of its product portfolio.
The report on global automotive turbochargers market covers segments such as vehicle type, technology type and fuel type. The vehicle type segments include light commercial vehicles, heavy commercial vehicles and passenger vehicle. On the basis of technology type the global automotive turbochargers market is categorized into variable geometry turbocharger (VGT), Watergate, twin turbo and others. Furthermore, on the basis of fuel type the automotive turbochargers market is segmented as diesel and gasoline.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 - 2023.
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Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global automotive turbochargers market such as, Honeywell International Inc., Mitsubishi Heavy Industries Ltd, BorgWarner Inc., IHI Corporation, Cummins Inc., Continental AG, Bosch Mahle Turbo System GmbH & Co. KG, Precision Turbo & Engine, Rotomaster International, and Eaton Corporation PLC.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global automotive turbochargers market. Moreover, IGR-growth matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. he report provides insights into the market using analytical tools such as porter’s five forces analysis and DRO analysis of automotive turbochargers market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the automotive turbochargers market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the automotive turbochargers market to understand the present and future trends in this market and formulate their strategies accordingly.