Turbocharger Market 2018 Global Size, Share, Trends, Growth Factors, Key Players, And Regional Forecast To 2022

Turbocharger Market 2018 Report Segments Global Turbocharger Market by Vehicle Type (Passenger Car, LCV, HCV, Agricultural Tractor and Construction Equipment), Technology (Variable Geometry Turbocharger(VGT)/ Variable Nozzle Turbocharger(VNT), Wastegate, and Others), Fuel Type (Gasoline and Diesel), and by Region - Forecast to 2022.

Powersports Key Companies Studied In This Report:

The key players of Global Turbocharger Market report include- Honeywell International Inc., Borgwarner Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd., Cummins Inc., Continental AG, Eaton Corporation PLC, Bosch Mahle Turbo Systems GmbH & Co. Kg, Turbo Energy Private Limited, and Rotomaster International.

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Turbocharger Highlights:

The report for Global 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.

Turbocharger is a type of forced induction system which increases an internal combustion engine’s power output and efficiency by forcing air into the combustion chamber. Stringent environmental regulations, increasing trend for opting better fuel economy and to enhance the engine performance will boost the demand for the turbocharger, as  the turbocharger are more fuel efficient and improves the power of the automotive engine. Increasing demand for power generating automobile, need for fuel efficient engines will drive the passenger car segment of vehicle type and will have significant impact on the turbocharger market.   

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.

Over the past decade, it has been experienced that the prices of crude oil per barrel is increasing very rapidly and also the availability the crude oil is decreasing day by day. Due to these factors, the mind-set of large pool of population is shifting their preference towards electric vehicles. In the last 3 to 4 years, the demand for electric vehicles in the United States is rapidly increasing and seen around 70% of year-over-year growth in the sales. Along with the United States, Norway has also put a step ahead and has shifted more focus towards electric vehicles. As per the market statistics, every third of new car is electric and also the country has the highest proportion of 6.4% worldwide followed by Sweden i.e. 3.4%. The growth of electric vehicles is increasing across the globe and since 2014, the sales have been doubled. As of 2016, near about 777,500 electric vehicles have been sold worldwide.

Asia-Pacific is expected to dominate the turbocharger market in the forecast period and is followed by North America and Europe. Increasing usage of vehicles, increasing need for power efficient passenger & commercial vehicles, high demand for fuel efficient engines in the economically emerging countries like China and India will drive the market of turbocharger in the Asia-Pacific region.

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