Press release
Compressor Wheel Market Latest Research Report for Business Growth 2030, With a CAGR of 4.8%
Compressor Wheel Market
The compressor wheel market size was valued at $2.7 billion in 2020, and is expected to reach $4.3 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.
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Enforcement of stringent regulations rules for emission across the globe is prompting vehicle manufacturers to develop and manufacture lightweight engines, which will help to increase the fuel efficiency of the vehicle. This drives the compressor wheel market trend around the world.
In addition, rise in demand for high power vehicles led to manufacturing of high powered turbochargers, which helps automobile engines to generate high-power output that results in high-torque generation for the vehicle and improved efficiency of engine. These are factors are anticipated to propel the compressor wheel market growth.
The major players profiled in the compressor wheel market include BorgWarner Inc., Doncasters Group, Garrett Motion Inc., KTS, Melett Ltd., Nelcon Motor Company, Owen Developments, Turbotech Precision Products Ltd., UACJ Corporation, and Wabtec Corporation. Major companies in the market have adopted business expansion strategy to offer better products and services to customers in the compressor wheel market.
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Top Players:
The major players profiled in the market include BorgWarner Inc., Doncasters Group, Garrett Motion Inc., KTS, Melett Ltd., Nelcon Motor Company, Owen Developments, Turbotech Precision Products Ltd., UACJ Corporation and Wabtec Corporation. Major companies in the market have adopted business expansion strategy to offer better products and services to customers in the market.
Key Segments:
By Material
Cast iron
Aluminum
By APPLICATION
Automotive engine
Stationary engine
By SALES TYPE
OEMs
Aftermarket
By Region
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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