01-19-2019 10:15 AM CET - Advertising, Media Consulting, Marketing Research

Automotive Turbocharger Market 2018 By Top Manufacturer BorgWarner Inc, Cummins, Inc, Mitsubishi Heavy Industries, Honeywell, Linamar Corporation

Press release from: Global Market Insights
Automotive Turbocharger
Automotive Turbocharger
Automotive Turbocharger Market in Europe hold the largest share and is projected to continue its dominance over the study timeframe. High penetration of passenger cars in conjunction with the stringent regulations to keep the automotive emissions in check are expected to be among the prominent factors contribute to the regional growth. Moreover, significant presence of major automotive manufacturers such as Mercedes Benz, BMW, Audi, Volvo, and Volkswagen will drive the industry growth through the forecast period.

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Engine horsepower falls 3% with every 1,000 feet above sea level. For instance, in India, road conditions range from sea level to 6,000m resulting in the 18% reduction of power produced by the engine. However, the performance of automotive turbocharger improves at high altitudes owing to the increase in pressure difference in turbines and outer atmospheric pressures, in turn positively influencing the industry growth.

Gasoline segment will witness highest growth and is expected to account for over 32% automotive turbocharger market share by 2024. This is attributed to the high RPM generation and efficient fuel combustion in vehicles. Moreover, owing to high flammability of gasoline over diesel, system design contributes low space footprints. Thus, it contributes to the compact combustion chambers along with smaller engine components providing better fuel efficiency.

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

1.Banks Power
2. BorgWarner
3. BMTS Technology
4. Cimos D.D.
5. Cummins, Inc.
6. Honeywell International, Inc.
7. IHI Corporation
8. Linamar Corporation
9. Magnum Performance Turbos
10. Mitsubishi Heavy Industries
11. Montupet
12. Precision Turbo & Engine
13. Rotomaster
14. The Turbo Engineers GmbH
15. Turbo Energy Private Limited
16. Turbonetics, Inc.

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VGT/VNT technology accounted for the largest automotive turbocharger market share in 2017. It is extensively used in commercial & off-highway vehicles and passenger vehicles for boosting the internal engine combustion performance. Increasing adoption of customized vehicles for recreational activities, motorsport events and military operations will positively influence the requirement of technologically-advanced solutions.

Limitations associated with existing turbocharge systems that include turbo lag, limited boost threshold, reduced traction are among the major system drawbacks, negatively affecting the consumer inclination. Moreover, proliferation of electric vehicles featuring electric motors and battery powered systems with low maintenance cost and longer product life are expected to hamper the automotive turbocharger market size through the forecast period.

Production and sales of passenger vehicles in Europe and emerging economies in Asia Pacific are increasing owing to domestic and international demands. Some of the major automobile manufacturers in Europe include Volkswagen, Ford, Honda, Opel/Vauxhall, Mazda Motor, Chevrolet, Audi, BMW, Mercedes-Benz, Peugeot, and Renault, have witnessed initiatives for expanding their vehicle production. Considerable increase in vehicle production and sales in conjunction with the requirement for compliance with future government norms will propel the automotive turbocharger market size through the forecast period.

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Honeywell International, Inc., IHI Corporation, Cummins, Borg Warner BMTS, and Mitsubishi Heavy Industries are among the major automotive turbocharger market participants. Other industry participants include Precision Turbo & Engine, Turbonetics, Inc., Rotomaster, The Turbo Engineers GmbH, and Turbo Energy Private Limited.

Related Report –

GDI System Market worth over $10 Billion by 2024

(GDI) Gasoline Direct Injection System Market size is set to exceed USD 10 billion by 2024, according to a new research report by Global Market Insights, Inc. The need to comply with regulatory guidelines, advancements in fuel saving technologies, and escalating demand for mobility & logistics are the foremost factors fueling the gasoline direct injection system market size. Growing environmental concerns regarding the polluting emissions generated by the other fuel injection alternatives are likely to garner increased consumer favorability towards the GDI system market.

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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
Web: www.gminsights.com

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