Press release
Europe Turbocharger Market 2017-2023 Key Players: Rotomaster International,Turbo Energy Private Limited
A turbocharger is a forced induction device that boosts the power of an engine by exerting extra air into combustion chamber. Turbochargers increase the volumetric efficiency, downsize the engine, thus reducing the total weight of the vehicle. A turbine driven by the engine's exhaust gas is used to provide power to turbocharger. Turbochargers are gaining prominence in Europe and across the globe due to its characteristics, such as reduction in emissions, increased fuel economy, and enhanced engine performance.The key factors driving the growth of the European turbocharger market are stringent emission & fuel-efficiency norms and downsizing of engine to reduce vehicle weight. However, increasing focus on Battery-operated Electric Vehicles (BEVs) and high costs associated with the turbochargers are factors hindering the growth of the market. Increasing turbochargers penetration in GDI engines and electric turbochargers create opportunities for growth of the market.
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The European turbocharger market is segmented based on fuel type, vehicle type, and geography. The market is further categorized based on fuel type into gasoline and diesel. On the basis of vehicle type, the market is further classified into Passenger Car, LCV, and HCV. Geographically, the market is segmented into Germany, France, Italy, Spain, U.K., and Turkey.
The leading manufacturers operating in the market are Borg Warner Inc., Cummins Inc., Bosch Mahle Turbo Systems, Continental AG, Honeywell International Inc., IHI Corporation, Eaton Corporation PLC, Rotomaster International, Turbo Energy Private Limited, and Mitsubishi Heavy Industries Ltd. They have implemented strategies, such as partnerships, mergers & acquisitions, new product launches, and others to gain the strong foothold in the market.
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EUROPEAN TURBOCHARGER MARKET KEY SEGMENTS:
Market By Fuel Type
•Gasoline
•Diesel
Market By Vehicle Type
•Passenger Car
•LCV
•HCV
Market By Country
•Germany
•France
•Italy
•Spain
•U.K.
•Turkey
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Key Market Player:
•Borg Warner Inc.
•Cummins Inc.
•Bosch Mahle Turbo Systems
•Continental AG
•Honeywell International Inc.
•IHI Corporation
•Eaton Corporation PLC
•Rotomaster International
•Turbo Energy Private Limited
•Mitsubishi Heavy Industries Ltd.
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Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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