Press release
Automotive Turbocharger Market is Moving Fast! | Major Key Companies are BorgWarner, Cummins, Federal-Mogul, Honeywell, Linamar, Mitsubishi Heavy Industries, UCAL Fuel Systems
Moreover, the ability of these turbochargers to offer higher torque speeds at low RPM ranges is stimulating the product adoption. Diesel captured over 60% of the global automotive turbochargers market share in 2017.
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Mounting environmental concerns have consequently resulted in stricter emission norms which will propel automotive turbocharger market forecast in the coming years. This in turn has shifted the consumer focus towards adoption of high performance and fuel-efficient medium-sized vehicles, leading to increased automobile sales worldwide.
Company profiled in automotive turbocharger market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Banks Power
2. BorgWarner
3. Bosch Mahle Turbo Systems
4. Cummins
5. Federal-Mogul
6. Honeywell
7. IHI Corporation
8. Linamar
9. Magnum Performance Turbos
10. Mitsubishi Heavy Industries
11. Montupet
12. Precision Turbo and Engine
13. TEL
14. Turbo Engineering
15. Turbonetics
16. UCAL Fuel Systems
Robust growth in the sales of SUVs around the world has been observed in recent years. This can be majorly attributed to characteristics of SUVs such as compactness and ruggedness. PCVs held around 60% revenue share in the global automotive turbocharger market during 2017.
Increasing automotive production and sales around the world has subsequently led to increased deployment of turbochargers which will boost the business growth. Manufactures are focusing on incorporating advanced technologies such as electric turbocharging into their products to minimize engine lag and ensure uniform power delivery. OEM distribution channel in automotive turbocharger market held over 90% of the global share during 2017.
Aftermarket channers help fulfil customization requirements of customers and are widely used for the replacement of failed or damaged engine components. Aftermarket distribution channel segment in automotive turbochargers industry will register a 11% CAGR over the projected timeline.
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Europe automotive turbocharger market share is anticipated to record substantial gains in the next few years primarily due to the presence of prominent automotive giants such as BMW, Volkswagen, Audi, Mercedes Benz and Volvo in the region. Strict emission norms are further bolstering the industry prospects across the region.
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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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