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Global automotive turbocharger market is estimated to grow over the forecast period, some key players are Banks Power, BorgWarner, Cummins, Honeywell International, IHI, Magnum Performance Turbos, Mitsubishi Heavy, Precision Turbo and Engine, TEL. Turbo E
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A turbocharger is basically a turbine-driven, forced induction device that increases an internal combustion engine's efficiency and power output. This is done by forcing extra air into the combustion chamber. This improvement which is made over a naturally aspirated engine's power output is because of the fact that the compressor is able to force more air as well as more fuel in proportion of each other into the combustion chamber than what is supplied or forced by the atmospheric pressure. An example of the above improvement is that a turbocharger installed in a four-cylinder engine can produce the same power as a six-cylinder engine without a turbocharger.
This compressed air which is inside the combustion chamber allows the engine to burn the fuel completely at a high volume. The above process produces more power and thus also improves the fuel efficiency. Turbos are popularly used in cars, trucks, locomotives, and construction equipment engines. The analysts forecast the global automotive turbocharger market to grow at a CAGR of XX% during the period 2017-2022.
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The market is driven by many factors which includes trend of downsizing of engine, stringent norms made for the fuel emissions. Some other drivers are the demand for better fuel economy and performance and last but the most important driver is the huge increase in the production of vehicles. As the demand for electric vehicles is also increasing across the globe and the government of many of these countries are even offering incentives and subsidiaries for the electric vehicles this will further drive the demand for Automotive Turbochargers.
Increase in cost because of the complications in design along with the use of complex high-grade materials are the major challenges faced by this market.
The market for Global Automotive Turbocharger is primarily divided by four categories, they are
1) By Fuel Type
2) By Technology Used
Variable Geometry Turbocharger
3) By Vehicle Type
Off The Road Vehicles (OTR)
4) By End User
Currently country wise China is the world's largest automotive market and has invested massively in the automobile industry which has driven it to become market leader. Also India's automotive market is very dynamic and is increasing very rapidly. Therefore, because of the above facts Asia Pacific region will have the largest market share at the end of the forecasted period, which currently is being held by the North America region.
There are a large number of companies that are involved in this market. Some of them are mentioned below
Banks Power, BorgWarner, Cummins, Honeywell International, IHI, Magnum Performance Turbos, Mitsubishi Heavy, Precision Turbo and Engine, TEL. Turbo Engineering, Turbonetics
Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
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US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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