Automotive Turbocharger Market: 2018 Global Share, Size, Industry Trends, Growth, Regional Analysis By Technology, Fuel, Vehicle, And Key Country Forecast To 2023
Nov 8, 2018
Automotive Turbocharger Market 2018 Global Industry Analysis by Growth, Size, Share, Trends, And Regional Outlook Report published by Market Research Future. Report provides Global Automotive Turbocharger Market historic and forecast data up to 2022.
Pune, India - November 8, 2018 /MarketersMedia/ —
Turbocharger Market categorized by Vehicle Type (Passenger Car, LCV, HCV, Agricultural Tractor and Construction Equipment), Technology (Variable Geometry Automotive Turbocharger(VGT)/ Variable Nozzle Automotive Turbocharger(VNT), Wastegate, and Others), Fuel Type (Gasoline and Diesel), and Region. The Automotive Turbocharger global market is expected to show a growth at CAGR of 7.8% from 2018 to 2022.
Regional Analysis of Global Turbocharger Market
Asia-Pacific is expected to dominate the Automotive Turbocharger market in the forecast period and is followed by North America and Europe. Increasing usage of vehicles, increasing need for power efficient passenger & commercial vehicles, high demand for fuel efficient engines in the economically emerging countries like China and India will drive the market of Automotive Turbocharger in the Asia-Pacific region.
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Global Automotive Turbocharger Market key players analyzed are:
Honeywell International Inc., Borgwarner Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd., Cummins Inc., Continental AG, Eaton Corporation PLC, Bosch Mahle Turbo Systems GmbH & Co. Kg, Turbo Energy Private Limited, and Rotomaster International.
Market Highlights:
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Automotive Turbocharger is a type of forced induction system which increases an internal combustion engine’s power output and efficiency by forcing air into the combustion chamber. Stringent environmental regulations, increasing trend for opting better fuel economy and to enhance the engine performance will boost the demand for the Automotive Turbocharger, as the Automotive Turbocharger are more fuel efficient and improves the power of the automotive engine. Increasing demand for power generating automobile, need for fuel efficient engines will drive the passenger car segment of vehicle type and will have significant impact on the Automotive Turbocharger market.
Over the past decade, it has been experienced that the prices of crude oil per barrel is increasing very rapidly and also the availability the crude oil is decreasing day by day. Due to these factors, the mind-set of large pool of population is shifting their preference towards electric vehicles. In the last 3 to 4 years, the demand for electric vehicles in the United States is rapidly increasing and seen around 70% of year-over-year growth in the sales. Along with the United States, Norway has also put a step ahead and has shifted more focus towards electric vehicles. As per the market statistics, every third of new car is electric and also the country has the highest proportion of 6.4% worldwide followed by Sweden i.e. 3.4%. The growth of electric vehicles is increasing across the globe and since 2014, the sales have been doubled. As of 2016, near about 777,500 electric vehicles have been sold worldwide.
The growing demand for electric vehicles combined with rising fuel prices are expected to adversely impact the Automotive Turbocharger market. The major factor that has been a restraint for the Automotive Turbocharger is the government regulations over its certification. The Automotive Turbocharger needs to clear all the certification process led by government and transportation department. However, several manufacturers face various difficulties in getting NOCs from these departments. Moreover, the manufacturers need to obtain these certificates to sell or export their products to other countries such as US’s DOT, China’s CCC, Brazil’s INMETRO, Japan’s JAS, India’s RTO. Therefore, owing to this factor, the market has faced various challenges that could obstruct the market growth
Turbocharger Market Segmentation:
The Global Automotive Turbocharger Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Vehicle Type: Comprises Passenger Car, LCV, HCV, Agricultural Tractor and Construction Equipment.
Segmentation by Technology: Comprises Variable Geometry Automotive Turbocharger(VGT)/ Variable Nozzle Automotive Turbocharger(VNT), Wastegate, and Others
Segmentation by Fuel Type: Comprises Variable Gasoline and Diesel
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
List of Figures:
FIGURE 1 Global Automotive Turbocharger Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Automotive Turbocharger Market
FIGURE 4 Value Chain Of Global Automotive Turbocharger Market
FIGURE 5 Global Automotive Turbocharger Market: By Vehicle Type, 2014-2022 (USD Billion)
FIGURE 6 Global Automotive Turbocharger Market: By Technology, 2014-2022 (USD Billion)
Continued…
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Source: MarketersMedia
Release ID: 440421
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