Press release
Automotive Turbocharger Market 2018 Global Share, Size, Trends, Key Players, Growth Factors, Competitive And Regional Analysis To 2023
Automotive Turbocharger Market Analysis 2018 to 2023 is latest Global Automotive Turbocharger Industry Research Report added by “Market Research Future”, provides information on Automotive Turbocharger Market Size, Share, Growth, Trends, And Regional Analysis with Forecast To 2023. Automotive Turbocharger Market Segmented by Type (Gasoline Engine, Diesel Engine, and New Energy Engine), By Application (Passenger Vehicle and Commercial Vehicle), and by Region.Global Automotive Turbocharger Market Highlights:
Automotive Turbocharger Market is reaching $24,223 at growth rate of 7.97% by 2023. This growth is boosted by factors such as total vehicle sales for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2023. Another factor responsible for the increase in vehicle sales, is the macroeconomic development and the rise in the global middle class consumers. According to OICA, the sales of new vehicles have been increased from 2013 to 2016. In 2013, the number of vehicle sold were 85.6 million while in 2016 it was 93.8 million.
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Automotive Turbocharger Market Companies Analyzed in report are:
Honeywell International Inc. (U.S.), BorgWarner Inc. (U.S), Mitsubishi Heavy Industries, Ltd (Japan), IHI Corporation (Japan), Continental AG (Germany), Cummins, Inc.( U.S.), Bosch Mahle(Germany), Bullseye Power, LLC (U.S.), Precision Turbo and Engine(U.S.) and Fengcheng Xindongli Turbocharger Co., Ltd.( China).
Automotive industry is diversifying at a greater speed as manufacturers and suppliers race to produce lighter and more powerful vehicles in lesser time. Alternative fuels, new lightweight materials and innovative technology are transforming the manufacturing process of automotive industry. With the global economy undergoing an unprecedented level shift, major emerging countries such as China, India, Thailand, and Indonesia are becoming manufacturing hubs for global automotive players. The income levels of individuals have been steadily increasing, also resulting in the rise in their disposable income, pushing the market towards growth. The currently booming automotive industry, combined with steadily increasing disposable income, is expected to contribute significantly in the growth of the market.
Geographic Analysis:
The demand for turbochargers is largely dependent on vehicle production in developing countries such as India and China. The vehicle production is growing, which in turn would push the demand for turbocharged vehicles. Moreover, factors such as increase in vehicle production, large population base, growing demand for diesel vehicles, upcoming emission norms, and economic shifts are driving the Asia-Pacific turbocharger market. China is one of the major automotive markets in Asia. The automotive industry continues to grow in China due to increased production of passenger and commercial vehicles. The automakers in China are developing new and trade friendly policies that enable them to produce larger number of vehicles.
In North America, automobile manufacturer will continue to see an increase in the sales of the passenger cars. The increase in demand of the new vehicles, will enable the growth of the auto components suppliers. North America is a mature economy as far as investment in automotive industry is concerned, automotive industry is expecting huge investment by several giants due to the rising demand for passenger cars.
Market Segmentation:
The global automotive turbocharger market is segment based on type, application, and region. On the basis of type, Gasoline Engine segment expected to witness highest growth in global automotive turbocharger market during the forecast period due to increase power and are designed to run at much higher RPMs (Revolutions per minute) than in diesels. Diesel engine is expected to be the second largest segment because they can handle high combustion pressures created by diesel fuel. Based on application, Passenger Cars expected to witness highest growth in global automotive turbocharger market with share of 54.70% in 2016 due to increase income level. High demand for automobiles is primarily driven by rising demand of passenger car among large pool of population, increasing per capita income in emerging countries, and expansion of global auto-manufacturers into new emerging markets and others.
Target Audience of Report:
This report mainly focuses on Automotive Turbocharger manufacturers, Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Turbocharger market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Turbocharger market are studied in this report.
Global Automotive Turbocharger market Research Insights:
This study provides an overview of the global Automotive Turbocharger market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Turbocharger market by its product, application, vehicle type, and electric vehicle type, and region
The report for Global Automotive Turbocharger Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. 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.
Major Table of Content:
1 INTRODUCTION
1.1 DEFINITION
1.2 SCOPE OF STUDY
1.3 RESEARCH OBJECTIVE
1.4 ASSUMPTIONS & LIMITATIONS
1.5 MARKET STRUCTURE:
2 RESEARCH VEHICLE TYPEOLOGY
2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
3.5 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTER’S FIVE FORCES MODEL
4.1.1 BARGAINING POWER OF SUPPLIERS
4.1.2 BARGAINING POWER OF CUSTOMER
4.1.3 INTENSITY OF COMPETITOR’S
4.1.4 THREAT OF NEW ENTRANTS
Continued…
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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