High Growth & Smooth Sailing of Turbocharger Market

The Cutting-Edge Stratview Insights:

Stratview Research prognosticates the market to grow at a healthy CAGR of 10.8% over the next five years.
The estimates are a result of market analysis over a period of 2010-15, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Turbocharger Market during the period 2016-21.

Identifying the Factors & Avenues of Growth

Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the Turbocharger Market responds to all the significant inquiries.

The global turbocharger market in the transportation industry offers a robust growth opportunity and is likely to witness a double-digit growth of 10.8% (CAGR) during the forecast period of 2016 to 2021. Growing vehicle production coupled with the requirement for automakers to meet global environment emission and fuel efficiency regulations are the prime drivers of the turbocharger market. Increasing penetration / installation rates of turbochargers in the gasoline engine powered vehicles is the driving force of the market during the forecast period.

The fuel efficiency and environment emission regulations in many developed and developing countries are putting pressure on automakers to either reduce the vehicle weight or downsize the engine to achieve the targets. The Automakers are downsizing engines to satisfy the stringent global fuel economy and emission regulations and customer demand for better performing vehicles. Turbochargers help downsized engines improve fuel economy by 20% to 40% as compared to larger, naturally aspirated engines.

Unravelling the Critical Segments

The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.
It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.
The market of Turbocharger has been divided into categories such as by Vehicle Type, Charger Type, Fuel Type, Technology Type, By Region. Insights on each segment can be of critical importance to any player.
Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
● Which are the best performing segments of the market?
● Which is the most dominant region?
● Which material is the most promising?
● Who are the movers and shakers of the market?
● What are the regional growth hotspots?
● What are the segmental growth forecasts?

To get the feel of how our best in class, cutting-edge market research report feels, request a sample: https://www.stratviewresearch.com/Request-Sample/138/turbocharger-market.html

Borgwarner Inc at the Helm

The top 5 players are Borgwarner Inc., Continental AG, Cummins Inc., Eaton Corporation, Honeywell International Inc.
Other important firms are Mitsubishi Heavy Industries, IHI Corporation.

Emerging Trends:

Increasing Demands of VGT/VNT

Variable geometry turbocharger (VGT), also known as variable nozzle turbine (VNT) is the most widely used turbocharger worldwide. VGT / VNT is more efficient than traditional wastegate turbochargers and will continue to gain market share during the forecast period. VGT / VNT is well suited both for diesel as well as gasoline powered engines.

Asia-Pacific to be the Largest Market

Asia-Pacific is likely to remain the largest market for turbochargers in the next five years, driven by demand in emerging economies, such as China and India. China is the world’s fastest growing automotive market and is projected to increase the turbocharger installation rates in its new vehicles from current 28% to 49% in the year 2021. This will lead to almost twofold increase in the demand of turbochargers in China in a span of five years.

North America is another growing market for turbochargers, driven by the demand for light weighting and engine downsizing in new vehicles to meet the CAFÉ standards. European turbochargers market is likely to witness a modest growth in the next five years. This region owns the world’s largest turbo diesel fleet and the highest turbocharger installation rates worldwide.

Most of the major turbocharger manufacturers have already set up their manufacturing plants in China to tap the regional growth potential. India, Japan, and South Korea have also joined the row and are projected to increase installation rates of turbochargers in the new vehicles. Apart from China, significant demand of turbochargers is expected to be generated from these countries in the next five years.

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This release was published on openPR.