openPR Logo
Press release

Automotive Turbochargers Market to exhibit over 9% CAGR from 2017 to 2024

Automotive Turbochargers Market to exhibit over 9% CAGR from

Automotive turbocharger market is expected to witness significant trends impacting its revenue generation. Engine downsizing is one such trend that has gained prominence among the manufacturers. It allows easy replacement of conventional engines with turbocharged engines with minimal impact on vehicle’s power and fuel efficiency. Electric turbocharger is another advancement that is featured with exhaust gas driven turbine and electric motor. It has gained traction owing to its advantages such as high boost pressure and faster response. These innovations will also induce immense potential to the industry size.

Automotive turbocharger market from diesel will acquire highest volume share of more than 60% over the forecast timeframe. The diesel vehicles result in high carbon emissions and possess low fuel efficiency. This has resulted in high product demand, positively impacting the segment’s growth. Gasoline will witness over 8% CAGR till 2024 owing to shifting focus towards the fuel.

Request For Sample Of This Research Report @ https://www.gminsights.com/request-sample/detail/2463

Surging demand for turbochargers from automobile OEMs across the globe to deliver the vehicles with enhanced fuel efficiency and lesser weight will essentially drive the industry growth. This rising demand is credited to the stringent and mandatory regulations associated with curbing the CO2 emissions. The vehicle manufacturers are continuously shifting their focus towards enhanced driving experience and regulating these emissions. This has led to high product sales, positively impacting automotive turbocharger market over the next eight years.

Substantial increase in the vehicle production across the globe has resulted in extensive product demand due to the regulatory norms. Moreover, it has led to higher replacement frequency of conventional engines with the engines equipped with turbochargers, further influencing the revenue generation significantly. Developing countries have witnessed a considerable increase in industrialization and trading activities, opening new growth opportunities for the competitors. Regular innovations in the automotive turbocharger market enable small-sized engines to deliver relatively higher power as compared to their size, offering stable growth prospects to the industry size till 2024.

VGT turbochargers are likely to witness significant growth, exhibiting over 8% CAGR from 2017 to 2024. Provision of benefits such as precise monitoring of particulate & NOx emissions, cost effectiveness as compared to the counterparts, lag time reduction, and enhanced engine efficiency will primarily drive the industry growth. Automotive turbocharger market from twin turbo will account for approximately USD 7 billion by 2024 owing to benefits including high power and acceleration.

PCVs are anticipated to dominate automotive turbocharger market with more than 60% revenue share over the forecast timeframe. Rising production of the vehicle segment across the globe, particularly in emerging economies of Asia Pacific will primarily drive the industry growth. Rising demand from consumers for high power output and minimal loss in fuel efficiency will further support the industry dominance. Increasing domestic and international trading activities in various countries across the globe will fuel the automotive turbocharger market from HCVs.

OEMs dominated the automotive turbocharger market with over 90% share in 2016 and is likely to continue the same over the next eight years. Rising vehicle production across the globe along with mandatory norms regarding engine emissions will further support the industry dominance. Aftermarket will grow rapidly owing to high replacement needs in the engines of ageing vehicles to meet the regulatory norms.

Europe is likely to dominate the global automotive turbocharger market over the forecast timeframe. Substantial revenue generation can be attributed to presence of established industry participants coupled with stringent emission regulations across the region. Asia Pacific will exhibit more than 8% CAGR from 2017 to 2024 owing to rising demand from the countries such as China, South Korea, India, and Japan.

Linamar, Federal-Mogul, Weifang Fuyuan, Mitsubishi Heavy Industries, IHI Corporation, Cummins Turbo Technologies, Borgwarner, and Montupet are among the noticeable participants in the automotive turbocharger market. Bosch Mahle Turbo Systems, Precision Turbo and Engine, Banks Power, Magnum Performance Turbos, and TEL are other prominent players included in the study. New product development is among the major strategies adopted by the competitors to strengthen their foothold. For instance, in April 2017, Honeywell introduced a VNT turbocharger to expand its product line.

Automotive Turbochargers Market Size By Vehicle (PCV, LCV, HCV), By Technology (VGT/VNT, Wastegate, Twin Turbo), By Fuel (Gasoline, Diesel), By Distribution Channel (OEM, Aftermarket) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, Japan, India, South Korea, Australia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

https://www.gminsights.com/industry-analysis/automotive-turbocharger-market

Chapter 4. Automotive Turbocharger Market, By Vehicle

4.1. Global automotive turbocharger market share by vehicle, 2016 & 2024

4.2. PCV

4.2.1. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by region, 2013-2024

4.3. LCV

4.3.1. Market estimates and forecast, 2013-2024

4.3.2. Market estimates and forecast, by region, 2013-2024

4.4. HCV

4.4.1. Market estimates and forecast, 2013-2024

4.4.2. Market estimates and forecast, by region, 2013-2024

Chapter 5. Automotive Turbocharger Market, By Technology

5.1. Global automotive turbocharger market share by technology, 2016 & 2024

5.2. VGT/VNT

5.2.1. Market estimates and forecast, 2013-2024

5.2.2. Market estimates and forecast, by region, 2013-2024

5.3. Wastegate

5.3.1. Market estimates and forecast, 2013-2024

5.3.2. Market estimates and forecast, by region, 2013-2024

5.4. Twin turbo

5.4.1. Market estimates and forecast, 2013-2024

5.4.2. Market estimates and forecast, by region, 2013-2024

Browse Full TOC @ https://www.gminsights.com/toc/detail/automotive-turbocharger-market

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

4 North Main Street
Selbyville, Delaware 19975 USA

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Turbochargers Market to exhibit over 9% CAGR from 2017 to 2024 here

News-ID: 1089003 • Views: 145

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Turbo

Turbo Actuator Market by 2025 Report Studied Focusing On Top Companies like Mits …
The global Turbo Actuator Market is explained in detail in this report, starting with a basic overview, which includes definitions and major and minor factors that influence this market. Further the report scrutinizes the several policies that regulate processes in this global market, specifically, the ones that are currently active, along with an analysis of the top news stories about the global industry. This report on Turbo Actuator Market also offers
Turbo Charged Engines to drive ACM demand?
About Polyacrylate Rubber (ACM) ACM is used in automotive applications such as hoses, seals, gaskets, dampers and constant velocity joints (CVJ). Other applications include electrical transmission seals, industrial hoses and adhesives. ACM is cost competitive rubber with slightly lower performance than its immediate competitor AEM (Ethylene Acrylate Elastomer). Hence, it can be used where the performance can be compromised to achieve better economy. Other high-end competitors include flouroelastomers (FKM and
Turbo Chillers Market Predicted Analysis by 2026
Initially CFC (chlorofluorocarbon) and HCFC (Hydrochlorofluorocarbons) were primarily used as a refrigerant for chilling applications leading to destruction of ozone layer. To address problems associated with destruction of ozone layer significant efforts are being made to minimize the use of CFC and HCFC as a future refrigerant. These efforts has led adoption of environmentally friendly refrigerant such as water, air, carbon dioxide, ammonia and propane as refrigerant. Using water as
Global Turbo Chillers Market
Turbo Chillers Market Introduction Initially CFC (chlorofluorocarbon) and HCFC (Hydrochlorofluorocarbons) were primarily used as a refrigerant for chilling applications leading to destruction of ozone layer. To address problems associated with destruction of ozone layer significant efforts are being made to minimize the use of CFC and HCFC as a future refrigerant. These efforts has led adoption of environmentally friendly refrigerant such as water, air, carbon dioxide, ammonia and propane as refrigerant.
Global Turbo-compressor Market
Turbo-compressors are primarily used for natural gas processing and transmission. Both, axial and centrifugal turbo-compressors are used in gas turbines for compression purposes. Innovations in products coupled with advancement in technology is expected to have a positive impact over the global turbo-compressor market. TOC of this report is available upon request @ www.persistencemarketresearch.com/toc/13066 Based on product type, the hydraulic turbo-compressor is expected to dominate the product type segment during the forecast period.
Global Turbo Expander Market Outlook 2016-2021
Global Turbo Expander Industry 2016 Market Size Share Growth Forecast Research and Development The Global Turbo Expander Industry report gives a comprehensive account of the Global Turbo Expander market. Details such as the size, key players, segmentation, SWOT analysis, most influential trends, and business environment of the market are mentioned in this report. Furthermore, this report features tables and figures that render a clear perspective of the Turbo Expander market. The