Automotive Turbocharger Industry 2018 Key Players are Honeywell, BorgWarner, Federal-Mogul, Cummins Turbo Technologies, Mitsubishi Heavy Industries, Linamar, Weifang Fuyuan, Bosch Mahle Turbo Systems, Turbonetics, TEL, Precision Turbo and Engine, Banks Po
Global Automotive Turbocharger Market driving progressive shift toward a greener, environment-friendly future. In an era riddled with the fear of carbon emissions destroying the planet, automakers have been facing several challenges to optimize vehicle efficacy in the best means possible. Consequently, most of the automakers have now been working on bringing about suitable design and operational changes in turbochargers – the highly efficient components that play a major role in downsizing engine emissions. Including the likes of Honeywell and Mitsubishi, renowned companies have thus basically been targeting 2 essential factors – fuel efficiency and emission reduction to bring about a change in turbocharger production, contributing toward automotive turbocharger industry growth.
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The incredible advantages of these induction devices have ensured an escalating demand for renewed turbocharging technologies. In consequence, pivotal automotive turbocharger market players have been working toward extending their regional reach by constructing new production facilities across various geographies. An instance validating the same is that of BorgWarner having opened its new turbocharger technology production plant in Thailand recently. Through this initiative, BorgWarner aims to provide clean and efficient turbocharging solutions for hybrid vehicles and EVs across the Asian turf. BorgWarner’s plan is also expected to encourage numerous other automakers to expand their already established production facilities in Thailand, that would further help consolidate Asia automotive turbocharger industry.
Honeywell has been another lucrative player in automotive turbocharger market that has helped strengthen the competitive spectrum of this business space. The company, a couple of years ago, displayed some of its turbocharger technologies for commercial vehicles at the IAA Hannover 2016. Since then, the company has worked consistently to bring forth advanced turbo technologies for on and off-highway powertrains. The firm has also developed a supremely high-efficiency serial two-stage system to ensure optimum performance in heavy-duty long haul trucks that require to be characterized by increased fuel efficiency and lowered CO2 emissions.
Top Key Players:-
The key players of global Automotive Turbocharger Market are Honeywell, BorgWarner, Federal-Mogul, Cummins Turbo Technologies, Mitsubishi Heavy Industries, Linamar, Montupet, Weifang Fuyuan, IHI Corporation, Bosch Mahle Turbo Systems, Magnum Performance Turbos, Turbonetics, TEL, Turbo Engineering, Precision Turbo and Engine, and Banks Power.
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.
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Major Points of Table Of Content:-
Automotive Turbocharger Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.4. Comparison of turbo engine and non-turbo engine
3.5. Pricing analysis
3.5.1. By region
3.6. Cost structure analysis
3.6.1. Manufacturing cost
3.7. Technology landscape
3.7.1. Engine downsizing
3.7.2. Development of electric turbocharging system
3.8. Regulatory landscape
3.9. Industry impact forces
3.9.1. Growth drivers
184.108.40.206. North America
220.127.116.11. Asia Pacific
3.9.2. Industry pitfalls & challenges
3.10. Innovation & sustainability
3.11. Growth potential analysis
3.12. Industry best practices and key buying criteria
3.12.1. Need recognition
3.12.2. Information search
3.12.3. Evaluation of alternatives
3.12.4. Purchase decision
3.12.5. Post purchase behavior
3.13. Porter's analysis
3.14. Competitive landscape, 2016
3.14.1. Company market share analysis
3.14.2. Strategy dashboard
3.15. PESTEL analysis
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In the years to come, turbochargers are expected to gain extensive traction in the global automotive space, owing to their substantially high efficiency and their contribution toward environmental safety. Of late, products such as variable geometry turbochargers (VGT) have also gained mass momentum, exceeding their counterparts, due to their cost-effectiveness and technical benefits. Driven by their massive demand on account of the increasing need for a greener environment, automotive turbocharger industry, supported by a strict regulatory framework, will surpass a revenue collection of USD 24 billion by 2024.
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