Global Automotive Turbocharger Market to Reach More Than USD 12 Billion by the End of 2024

According to Goldstein Research, global automotive turbocharger market is expected to grow from USD 7.3 billion in 2015, growing at a CAGR of 6.8% over the forecast period 2016-2024.Turbocharger equipped vehicle sales is expected to grow from 38 million units in 2016 to 59 million units by 2024. Growing demand for fuel efficient vehicles and to overcome fuel emission norms mainly in logistic industry to increase their productivity are expected to propel the growth of market. But rising adoption of hybrid technologies and electric vehicles is expected to restrain the growth of automotive turbochargers market in upcoming years.

Global automotive turbocharger market segmentation has been carried out on the basis oftechnology, vehicle type,fuel types and end-users type.Based on fuel typediesel engines coupled with turbochargers accounted for largest market share as it provide augmented torque, range and driving experience for pickup trucks, SUVs and light commercial vehicles (LCV). Global automotive turbocharger market is majorly driven by North-America and Europe showcasing the fastest adoption rate of turbocharged vehicles. In 2015, U.S. market share of turbocharged vehicles has tripled and reached to 21% in 2015. In Europe, more than 67% vehicles in showrooms are turbocharged, with more than 50% diesel powered engines.

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Market Segmentation

On the basis of our in-depth analysis, Global Automotive Turbocharger Market can be segmented as follows:

By Technology Type

o Variable Geometry Turbochargers
o Twin Turbo
o Wastegate Technology

By Vehicles Type

o Light Commercial Vehicles (LCV)
o Heavy Commercial vehicles (HCV)
o Passenger Cars

By Fuel Type

o Diesel
o Gasoline

By End-User

o Manufacturers (OEMs)
o Aftermarket

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Automotive Turbocharger Market Outlook 2024”contains detailed overview of the global automotive turbocharger market.On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology, by vehicle type,by fuel types and by end-users type.

Further, for the in-depth analysis, Global Automotive Turbocharger Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asHoneywell International Inc., BorgWarner Inc., Cummins Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd., Continental AG, Bosch Mahle Turbo Systems, RotomasterInc, Turbo Energy PVT LTD,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global automotive turbocharger market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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