US$ 24 bn Global Automotive Turbocharger Market worth to 2024 - (BorgWarner Inc., Cummins, Federal-Mogul Powertrain, Honeywell, Linamar Corporation, Mitsubishi Heavy Industries)

Automotive Turbocharger Market size is estimated to surpass USD 24 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising product demand from OEMs to offer light weight and fuel-efficient vehicles coupled with stringent regulations regarding CO2 emissions will primarily drive the automotive turbocharger market over the forecast timeframe. Industry participants are focusing towards controlling these emissions and offering enhanced driving experience. This has resulted in high production of turbochargers, further escalating the revenue generation. However, rising implementation of electric vehicles will pose a challenge before industry participants.

Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/2463

Automotive turbocharger market from PCVs are likely to capture highest revenue share, surpassing 60% by the end of 2024. Rising production of these vehicles across the globe, especially in developing countries of Asia Pacific will fuel the industry growth. Rising consumer demand for minimal loss in fuel efficiency and high-power output will further strengthen the product penetration. Rising international and local trading activities across the globe will propel the growth of automotive turbocharger market from HCVs.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Banks Power
2. Cummins
3. BorgWarner
4. Bosch Mahle Turbo Systems
5. Federal-Mogul
6. Honeywell
7. IHI Corporation
8. Linamar
9. Magnum Performance Turbos
10. Mitsubishi Heavy Industries
11. Montupet
12. Precision Turbo and Engine
13. TEL
14. Turbo Engineering
15. Turbonetics
16. UCAL Fuel Systems

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2463

VGT turbochargers will grow rapidly, exhibiting more than 8% CAGR from 2017 to 2024. These turbochargers are responsible for precise controlling of NOx and particulate emissions. Moreover, shifting preference can be credited to the provision of multiple benefits such as increasing the engine efficiency, reduction in lag time, and cost effectiveness than the counterparts. Twin turbo segment for automotive turbocharger market will be valued at around USD 7 billion till 2024 owing to its advantages such as superior acceleration and power.

Diesel will capture maximum volume share of over 60% by the end of 2024 owing to high production of vehicles with diesel across the globe. These vehicles have low efficiency and are responsible for more CO2 emissions. This has resulted in high demand of turbochargers, accelerating the industry demand. Automotive turbocharger market from gasoline will grow rapidly, witnessing more than 8% CAGR over the next eight years owing to shifting preference towards this fuel. It can be credited to the benefit of enhanced performance at high temperatures.

Europe driven by Germany, UK, France and Italy holds the major volume share and is estimated to continue its dominance over the study timeframe. This can be attributed to strict emission norms together with presence of major manufacturers. Asia Pacific automotive turbocharger market will pose over 8% CAGR between 2017 and 2024 owing to increasing demand from nations such as Japan, China, South Korea, and India.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-turbocharger-market

Prominent automotive turbocharger market participants are Weifang Fuyuan, Federal-Mogul, Linamar, IHI Corporation, Honeywell, Mitsubishi Heavy Industries, Montupet, Cummins Turbo Technologies, and BorgWarner. Other notable players are Magnum Performance Turbos, Bosch Mahle Turbo Systems, TEL, Turbo Engineering, Banks Power and Precision Turbo and Engine. Industry players mainly focus on developing the new products to gain a competitive edge. For instance, in April 2017, Honeywell launched a variable nozzle turbine (VNT) turbocharger for expansion of its product portfolio.

About Global Market Insights:

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.