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Automotive Turbocharger Market 2019: Top Key Players are Bosch Mahle Turbo Systems, Honeywell, IHI, Magnum Performance Turbos, Precision Turbo & Engines, TEL and Turbo Engineering

Automotive Turbocharger Market 2019: Top Key Players are Bosch

A comprehensive research study on Automotive Turbocharger Market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

Europe automotive turbocharger market will grow considerably over the study timeframe. This can be credited to the presence of major automobile companies adopting turbocharging technologies across their product portfolio. For instance, Volvo is working on an innovative engine technology that combines turbocharging and supercharging technologies for providing superior power and torque.

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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.

Automotive turbocharger market is estimated to exceed USD 24.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing demand for high performance and fuel-efficient vehicles coupled with strict emission regulations will primarily drive the automotive turbocharger market size. Vehicles equipped with these products can reduce the carbon emission by up to 20% and 15% for diesel and gasoline-powered engines respectively. Enabling vehicle manufacturers for compliance with the emission norms will provide strong industry growth prospects over 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.

Aftermarket distribution channel in automotive turbocharger market is expected to witness growth at around 11% over the forecast timeframe. Aftermarket channels primarily cater to the replacement of damaged or failed engine components and customized consumer requirements. Increasing average fleet age across major economies will fuel the replacement and maintenance requirements.

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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.

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.

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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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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.

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