Automotive Turbochargers Market 2019-2024 | Worldwide Overview By Top Key Players BorgWarner Inc | Cummins, Inc | Honeywell | Linamar Corporation | Mitsubishi Heavy Industries | Turbonetics, Inc

Europe held the largest automotive turbochargers market 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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VGT/VNT technology accounted for the largest automotive turbochargers 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.

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 turbochargers market size through the forecast period.

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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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.

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 turbochargers market size through the forecast period.

PCV’s hold dominance and is expected to witness highest gains over the forecast timeframe. Increasing production and sales of premium passenger vehicles owing to a surging demand for luxury vehicles in China, the U.S., Germany, UK, and Brazil are stimulating automotive turbochargers market share.

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

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