Automotive Turbocharger Market Size, Share, Trends, Growth and Regional Analysis By Key Players Forecast To 2023

Automotive Turbocharger Market Size, Share, Trends, Growth and Regional Forecast Industry Analysis by Type (Gasoline Engine, Diesel Engine, and New Energy Engine), Application (Passenger Vehicle and Commercial Vehicle), and by Regional forecast to 2023. Global automotive turbocharger market has very broad market in coming recent years. MRFR analysts has predicted that automotive industry is about to grow at a rapid pace, moreover, the speedy rising sales of passenger cars and technological innovations have also been a growth momentum. The global automotive turbocharger market is expected to reach USD 24,223.3 million by 2023 with 7.97% CAGR.

Automotive Turbocharger Market Key Companies Studied in this report are: The key players in global automotive turbocharger market are Honeywell International Inc. (U.S.), BorgWarner Inc. (U.S), Mitsubishi Heavy Industries, Ltd (Japan), IHI Corporation (Japan), Continental AG (Germany), Cummins, Inc ( U.S.), Bosch Mahle(Germany), Bullseye Power, LLC (U.S.), Precision Turbo and Engine(U.S.) and Fengcheng Xindongli Turbocharger Co., Ltd.( China).

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Global Automotive Turbocharger Market Highlights:

Automotive turbocharger is a turbine, which is driven by the energy of exhaust gas generated by the internal combustion engine. Typically, a turbocharger consists of two parts and they are a turbine and a compressor, which run parallel with the help of a shared shaft. A turbocharger improves the fuel efficiency of the engine by pushing more clean air in the engines to burn fuel and deliver greater power. According to a recent study report published by the Market Research Future, The global market of automotive turbocharger is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Turbocharger engines are used widely with many advantages that play a vital role in environmental pollution control. Diesel engines are considered, one of the largest contributors to environmental pollution caused by exhaust emissions. Many stringent policies have been imposed worldwide in recent years to reduce negative effects on environment. The amended rules will apply to all vehicles run on petrol, CNG, LPG, electric, diesel and hybrid.

The total vehicle sales for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2023. Another factor responsible for the increase in vehicle sales, is the macroeconomic development and the rise in the global middle-class consumers. According to OICA, the sales of new vehicles have been increased from 2013 to 2016. In 2013, the number of vehicle sold were 85.6 million while in 2016 it was 93.8 million.

Questions Answered in Report:

Which region going to dominate Automotive Turbocharger Market In Coming Years?

What will be the market size, share forecast?

What are the drivers and challenges of the market?

What are the upcoming trends in the Drive Systems payments market?

Which are the key vendors operating in the market?

The global Automotive Turbocharger market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type: Comprises Gasoline Engine, Diesel Engine, and New Energy Engine.

Segmentation by Application: Comprises Passenger Vehicle and Commercial Vehicle.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Research Methodology:

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.

Table Of Contents:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Stud

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

Continued...

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