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Automotive Turbocharger Market worth $32.21 billion by 2030, growing at a CAGR of 9.55% - Exclusive Report by 360iResearch
Automotive Turbocharger Market | 360iResearch
The Global Automotive Turbocharger Market to grow from USD 17.00 billion in 2023 to USD 32.21 billion by 2030, at a CAGR of 9.55%.
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Automotive turbochargers are definitive, force-induction systems that significantly increase an internal combustion engine's efficiency and power output by forcing extra compressed air into the combustion chamber. These enhancements improve vehicle performance, making automotive turbochargers an increasingly popular component across the automotive sector. The rising consumer awareness and demand for high-performance vehicles, the necessity for improved fuel efficiency, and stricter emission regulations compelling automakers to adopt turbocharger systems. However, the high initial costs associated with turbochargers and the complex installation process may hinder the adoption of the automotive turbocharger. Nevertheless, advancements in electric turbocharging technology and the transition towards hybrid vehicles are expected to create lucrative opportunities for the automotive turbocharger market.
The Americas has a significant landscape in the automotive turbocharger market due to the presence of key automotive manufacturers, advanced technological innovation, and stringent emission control norms. The increased adoption of turbocharger technology in vehicle manufacturing to meet mandatory fuel efficiency standards while maintaining engine performance projects a positive outlook for the turbocharger market in the Americas. The European region showcases increasing demand for automotive turbochargers owing to tightened European Union emission regulations and the need for vehicles to be more eco-friendly, thus necessitating technologies such as turbochargers to achieve fuel efficiency without compromising power output. Key initiatives include investments in electric turbocharging technologies and establishing research centers to further turbocharger development, which has enhanced the market growth in the region. The APAC region is witnessing rapid growth, led by emerging economies, increasing automobile production, and rising disposable income, intensifying the demand for technologically advanced, high-performance, and fuel-efficient vehicles. Furthermore, growing environmental concerns and proposed tighter emission rules in these countries are accelerating the adoption of automotive turbochargers.
Market Segmentation & Coverage:
This research report categorizes the Automotive Turbocharger Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Electric Turbo, Single Turbo, Twin Turbo, and Variable-Geometry Turbo. The Variable-Geometry Turbo is projected to witness significant market share during forecast period.
Based on Operation, market is studied across Conventional Turbocharger and E-Turbocharger. The E-Turbocharger is projected to witness significant market share during forecast period.
Based on Component, market is studied across Compressor, Shaft, and Turbine. The Shaft is projected to witness significant market share during forecast period.
Based on Distribution, market is studied across Aftermarket and OEM. The OEM is projected to witness significant market share during forecast period.
Based on Engine, market is studied across Diesel Engine and Gasoline Engine. The Gasoline Engine is projected to witness significant market share during forecast period.
Based on Vehicle, market is studied across Commercial Vehicle and Passenger Vehicle. The Commercial Vehicle is further studied across Heavy Commercial Vehicle and Light Commercial Vehicle. The Passenger Vehicle is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.15% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Turbocharger Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Turbocharger Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Turbocharger Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Banks Power, BMTS Technology GmbH & Co. KG, BorgWarner, Inc., CARDONE Industries, Inc., Continental AG, Cummins Inc., Eaton Corporation PLC, Exxon Mobil Corporation, Garrett Motion Inc., Hunan Tyen Machinery Co. Ltd., IHI Corporation, IPE Turbo, Mahle GmbH, Mitsubishi Heavy Industries Ltd., Ningbo Motor Industrial Co. Ltd., Precision Turbo and Engine, Robert Bosch GmbH, Rotomaster International, SPA Turbo USA, Turbo Concepts, Turbo Dynamics Ltd., Turbo Energy Ltd., Turbonetics, Inc., and Turbosmart.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Turbocharger Market, by Technology
7. Automotive Turbocharger Market, by Operation
8. Automotive Turbocharger Market, by Component
9. Automotive Turbocharger Market, by Distribution
10. Automotive Turbocharger Market, by Engine
11. Automotive Turbocharger Market, by Vehicle
12. Americas Automotive Turbocharger Market
13. Asia-Pacific Automotive Turbocharger Market
14. Europe, Middle East & Africa Automotive Turbocharger Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Turbocharger Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Turbocharger Market?
3. What is the competitive strategic window for opportunities in the Automotive Turbocharger Market?
4. What are the technology trends and regulatory frameworks in the Automotive Turbocharger Market?
5. What is the market share of the leading vendors in the Automotive Turbocharger Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Turbocharger Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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