Automotive Turbocharger Market - How to Leverage on Chemical Industry During COVID-19 Crisis?

The global automotive turbocharger market size is set to gain momentum from the increasing initiatives by various manufacturers to downsize engines. They are doing so by lowering the number of cylinders and piston displacement. This information is given by Fortune Business Insights™ in a new report, titled, “Automotive Turbocharger Market Size, Share & Industry Analysis, By Technology Type (Variable Geometry Turbocharger, Wastegate Turbocharger, and Electric Turbocharger), By Fuel Type (Gasoline and Diesel), By Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle) and Regional Forecasts, 2019-2026.” The report further states that the automotive turbocharger market size was USD 8.20 billion in 2018 and is projected to reach USD 10.10 billion by 2026, thereby exhibiting a CAGR of 2.89% during the forecast period.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

To get the short-term and long-term impact of COVID-19 on the automotive turbocharger market,

Visit:

https://www.fortunebusinessinsights.com/enquiry/covid19-impact/automotive-turbocharger-market-102663

 Highlights of the Report:

Extensive analysis of the automotive turbocharger market trends, growth drivers, barriers, opportunities, and challenges.
List of all the segments present in the market.
Competitive landscape consisting of investments, new agreements, contracts, collaborations, new orders, novel product launches, and mergers and acquisitions.
Details about the regions and their current positions in the market.

Drivers & Restraints:

Rapid Urbanization Worldwide to Drive Growth

A few of the most significant factors accelerating the automotive turbocharger market growth are improvements in the standard of living, rapid urbanization, ongoing developments of road infrastructures, and growing industrialization. These are coupled with the increasing disposable income of the masses across the globe. Additionally, consumers nowadays are shifting rapidly towards those vehicles that would provide low emission of carbon in the atmosphere and would be economical in terms of fuel.

It is therefore, propelling many reputed automotive manufacturers to invest hefty amounts of money in the research and development activities for equipping vehicles with cutting-edge technologies. However, the rising preference of the masses for electric vehicles may obstruct growth.

Browse Summary of This Research Insights Enabled with TOC: https://www.fortunebusinessinsights.com/automotive-turbocharger-market-102663

Segmentation:

Wastegate Turbocharger Segment to Lead Backed by its Possession of Many Benefits

In terms of technology type, the market is segregated into the electric turbocharger, wastegate turbocharger, and variable geometry turbocharger. Out of these, the wastegate turbocharger segment held 40.5% automotive turbocharger market share in 2018. It is likely to lead throughout the forecast period.

This growth is attributable to their ability to deliver maximum engine power and generate more torque. They are also cost-effective as compared to the variable geometry turbochargers. They are capable of effectively controlling the sudden boost levels in engines.

Fortune Business Insights™ lists out all the companies operating in the automotive turbocharger market.

They are as follows:

Garrett Motion
Continental GT
Aptiv PLC
Turbonetics
ABB
Cummins Inc.
Ningbo Motor Industrial Co. Ltd.
Precision Turbo and Engine Inc.
Robert Bosch GmbH
Mahle
Rotomaster International
Mitsubishi Heavy Industries. Ltd
IHI Corporation
Kompressorenabau Bannewitz GmbH
Fuyuan Turbocharger Co, Ltd
Marelli Corporation
Turbo Dynamics

Regional Analysis:

Increasing Number of Passenger Cars to Favor Growth in Asia Pacific  

Based on geography, the market is divided into Asia Pacific, Europe, North America, and the rest of the world. Amongst these, Asia Pacific is anticipated to procure the highest share in the coming years fueled by the rising number of passenger cars in this region. In the emerging economies, such as China and India, the production and sales of automotive is upsurging. It is also set to contribute to market growth.

North America generated USD 2.62 billion in terms of automotive turbocharger market revenue in 2018. It is projected to grow astonishingly because of the higher usage of state-of-the-art technologies.

Quick Buy - Turbocharger Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102663

Detailed Table of Content:

Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Merger, Acquisitions, and Partnerships
Distributor Analysis – For Major Players
Growth and Penetration Analysis
Porter’s Five Forces Analysis
PEST Analysis
Vendor Landscape
Global Turbocharger Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Technology Type
Variable Geometry Turbocharger
Wastegate Turbocharger
Electric Turbocharger
Market Analysis, Insights and Forecast – By Fuel Type
Gasoline
Diesel
Market Analysis, Insights and Forecast – By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia pacific
Rest of the World

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/automotive-turbocharger-market-102663

Below is a key industry development:

May 2019: Continental Powertrain recently showcased its latest ring catalyst turbocharger at the 40th Vienna Motor Symposium, one of the largest events for the automotive engineering industry. This new catalyst and turbocharger deliver additional benefits. It also includes solutions, namely, electrification, use of synthetic fuels, exhaust gas after-treatment, hardware, software, and control units.

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https://www.fortunebusinessinsights.com/press-release/automotive-turbocharger-market-9803

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This release was published on openPR.