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Penetration of Turbochargers in Gasoline Powered Vehicles to Rev up Growth of Automotive Turbochargers Market - Fact.MR Survey
Latest industry analysis by Fact MR, predicts sales of Automotive Turbochargers to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The report offers actionable and valuable market insights of Automotive Turbochargers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Automotive Turbochargers Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Automotive Turbochargers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Automotive Turbochargers
This newly published and insightful report sheds light on Market Insights of Automotive Turbochargers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Automotive Turbochargers Market.
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Competitive Landscape
This report on automotive turbochargers market features companies operating in the automotive turbochargers market.
Some of the key companies listed in this report on automotive turbochargers market include
IHI Corporation
Continental AG.
Robert Bosch Limited
BorgWarner Inc.
Honeywell International Inc.
Turbo Energy Private Limited
Mitsubishi Heavy Industries Ltd.
Eaton Corporation PLC
Rotomaster International
Precision Turbo & Engine Inc.
Turbonetics Inc.
THE TURBO ENGINEERS GmbH.
Automobile manufacturers from around the world are under pressure of stringent emission regulations. While these regulations may marginally differ from region to region, manufacturers are in no position to overlook them. Automotive turbochargers are devices that help automakers satisfy these emission norms before making their offerings commercial available in global automotive markets. The significance of automotive turbochargers is keeping automobile engines clean is driving their demand globally. Fact.MR's latest report on the global automotive turbochargers market reveals that in 2017, over US$ 15 Bn worth of automotive turbochargers were sold across the globe.
Rising adoption of automotive turbochargers is also instrumented by shifting drivetrain technologies and availability of fuel alternatives. Consumers' inclination towards alternative fuel engines is, however, expected to lower the market's growth simply due to lack of advanced automotive turbochargers that can be compatible to all engine types. Moreover, fluctuating prices of commodities and components in the automotive world is also impacting automotive turbocharger manufacturers. The report distinctly projects a sluggish growth for the global automotive turbochargers market. Towards the end of 2022, the global automotive turbochargers market will soar at a moderate CAGR of 4.7%, bringing in revenues worth a little over US$ 19 Bn.
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Insights below will indicate the report's forecast on global automotive turbochargers market during 2017-2022 period.
The report predicts that four out of every ten automotive turbochargers manufactured are installed in diesel engines. Gasoline engines, on the other hand, are dominating the global automotive turbochargers revenues, and are anticipated to bring in more than US$ 10 Bn by the end of 2022.
Through 2022, over half of the global automotive turbochargers market value will be attained by global sales of turbochargers in low price range.
With close to two-third share, passenger cars will be dominating global automotive turbochargers revenues in 2017.
The report reveals the aftermarkets will be largest sales outlets for automotive turbochargers in the world. In 2017, the global sales of automotive turbochargers through aftermarkets is anticipated to procure heavy revenues.
In 2017, automotive turbochargers sold across the US and Canada raked revenues worth over US$ 5 Bn. It is pegged that North America will continue to be a lucrative region for growth of the automotive turbocharger market, and will reach a sizeable value by the end of 2022.
The report predicts that Europe's automotive turbochargers market will grow steadily, reflecting a moderate CAGR through 2022.
In 2017 and beyond, more than 20% of global automotive turbochargers market value will attributed by the Asia-Pacific excluding Japan (APEJ) region, alone. The APEJ automotive turbochargers market will dominate the global market, primarily due to presence of automobile manufacturing hubs such as South Korea, China and India.
According to the report, companies such as IHI Corporation, Robert Bosch Limited, Continental AG, Honeywell International Inc., BorgWarner Inc., Mitsubishi Heavy Industries Ltd., Turbo Energy Private Limited, Eaton Corporation PLC., THE TURBO ENGINEERS GmbH, Turbonetics Inc., Rotomaster International, and Precision Turbo & Engine Inc. are observed as key players in the global automotive turbochargers market.
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Report Benefits & Key Questions Answered
Automotive Turbochargers Company & brand share analysis: The report offers in-depth Automotive Turbochargers brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
Automotive Turbochargers Historical volume analysis: The report offers a comparative analysis between historic sales of Automotive Turbochargers and projected sales performance for 2021-2031
Automotive Turbochargers Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
Automotive Turbochargers Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it.
Post COVID consumer spending on Automotive Turbochargers: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power
More Valuable Insights on Automotive Turbochargers Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Automotive Turbochargers, Sales and Demand of Automotive Turbochargers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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The aircraft transportation system is experiencing significant growth globally, reduction in airfare and increment in per capita income is the main reason behind it. Growth in aircraft transportation demands the better services thus the usage of ground support equipment is increased which drives the ground support equipment tires business faster.
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According to the latest research by Fact. MR, the automotive steering rack market is set to witness steady growth during 2021-2031. In the short term, demand for steering racks will rebound steadily, with a positive long-term outlook.
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