|04-16-2019 08:53 AM CET - Industry, Real Estate & Construction||
Fine Tuning Turbocharger Market 2019- Analysis And In-Depth Research On Market Size, Trends, Emerging Growth Factors And Forecast To 2025
Press release from: QY Research, Inc.
A turbocharger is a turbine-driven forced induction device, which increases engine power and efficiency by inducing more air into the combustion chamber. This results in improved fuel efficiency and cleaner fuel combustion, improving overall engine performance. An automotive turbocharger consists of three components, namely turbine, compressor, and hub rotating assembly/center housing. Fine tuning turbochargers offer improved performance and durability. These turbochargers are compact and lightweight.
One of the major drivers for this market is Increased global automotive sales. Due to significant economic growth and increasing purchasing power of consumers in emerging economies like China, Brazil, and India, there is an increase in demand for passenger cars in these regions. The growth of these emerging markets has been vigorous because of ongoing industrialization and global trade activities in these regions. In recent years, China has invested massively in its automobile industry, which has made it the market leader. Also, China has been maintaining its position as the world's largest automotive market. The automotive market in India is dynamic and growing very rapidly. This is forcing the automotive OEMs to shift their focus to these markets to tap the huge potential.
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One of the major factors hindering the growth of this market is Increased cost because of design complications and use of complex high-grade materials. The complexity of the parts needed for automotive turbochargers poses a challenge for the market. As the applications of automotive turbochargers are increasing, the various parts used in them, such as turbines, vanes, sliding nozzles, impellers, compressors, and center housings are becoming increasingly complex in design. Automotive turbochargers also need additional components such as intercoolers, wastegates, and blow-off valves to make the turbocharger work efficiently. With these complications in design and use of high-grade materials, the cost of turbochargers is increasing, which in turn, increases the buying price of the vehicles.
The global Fine Tuning Turbocharger market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
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This report studies the Fine Tuning Turbocharger market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fine Tuning Turbocharger in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Precision Turbo & Engine
Nelson Racing Engine
Mitsubishi Engine North America
Magnum Performance Turbos
Comp Turbo Technology
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
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