Press release
Automotive Industry's Surge Fueling Compressor Wheels Market Growth: Key Factor Driving The Growth In The Compressor Wheel Market
Compressor Wheel
How Big Is the Compressor Wheel Market Size Expected to Be by 2034?
The market size for the compressor wheel has seen significant growth in the past years. It is projected to expand from $15.85 billion in 2024 to $16.78 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The surge in growth during the historical period has been driven by factors such as the demand in the automotive industry, emission standards, the influence of the aerospace industry, advancements in material science, and fuel efficiency requirements.
In the next few years, the market size of the compressor wheel is projected to enjoy consistent growth, reaching a sum of $20.16 billion in 2029 with a compound annual growth rate of 4.7%. Factors contributing to the growth in the prediction period include the prevalence of electric and hybrid vehicles, fuel efficiency norms, investments in aerospace and defense, trends in the global economy, and use in renewable energy applications. Significant trends projected for the forecast period comprise the adoption of sophisticated manufacturing methods, the design of variable geometry turbochargers, the employment of computational fluid dynamics (cfd), and the implementation of eco-friendly and sustainable practices.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13406
What Are the Emerging Segments Within the Compressor Wheel Market?
The compressor wheel market covered in this report is segmented -
1) By Product Type: Titanium Compressor Wheel, Aluminum Compressor Wheel, Stainless Steel Compressor Wheel, Twin Blade Compressor Wheel
2) By Application: Automotive Engine, Stationary Engine
3) By Sales Type: OEM (Original Equipment Manufacturer), After market
Subsegments:
1) By Titanium Compressor Wheel: Single-Stage Titanium Compressor Wheel, Multi-Stage Titanium Compressor Wheel
2) By Aluminum Compressor Wheel: Cast Aluminum Compressor Wheel, Forged Aluminum Compressor Wheel
3) By Stainless Steel Compressor Wheel: Single-Stage Stainless Steel Compressor Wheel, Multi-Stage Stainless Steel Compressor Wheel
4) By Twin Blade Compressor Wheel: Billet Twin Blade Compressor Wheel, Cast Twin Blade Compressor Wheel
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13406&type=smp
What Long-Term Drivers Are Shaping Compressor Wheel Market Trends?
The compressor wheels market is anticipated to expand as the automotive industry's demand increases. The phrase "automotive industry" refers to the integrated sector that encompasses the creation, design, production, advertisement, and sale of motor vehicles. In the automotive industry, compressor wheels have a crucial function, contributing to the improved effectiveness and functionality of turbochargers, which ultimately impart greater power and superior fuel efficiency to automobiles. For example, the global automobile industry experienced significant expansion in 2023, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), a French international association of car producers. Total vehicle production exceeded 93546599 units, a substantial rise from the 85016728 units produced in 2022. Therefore, the surge in the automotive industry's demand is pushing the compressor wheels market's growth. Growth Driver for Compressor Wheel Market: The Expansion of the Manufacturing Industry Boosts the Compressor Wheels Market
Who Are the Top Competitors in Key Compressor Wheel Market Segments?
Major companies operating in the compressor wheel market report are Honeywell International Inc., BorgWarner Inc., Atlas Copco AB, Wabtec Corporation, UACJ Corporation, Ingersoll Rand PLC, Garrett Motion Inc., Doncasters Group Ltd., Booster Precision Components, ATP Turbo, Melett North America Inc., Phessio Turbo, Rotomaster, Full-Race Motorsports, GReddy Performance Products Inc., Turbonetics Inc., ABI Showatech Private Ltd., Turbo tech Precision Products Ltd., E&E Turbo, Owen Developments, Turbo Systems, Forced Performance Turbochargers, Blouch Performance Turbochargers, Nelcon Motor Company, Pacifica Power Sdn Bhd., Changzhou E and E Turbo Power Co. Ltd., Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd.
What Are the Latest Developing Trends in the Compressor Wheel Market?
Leading firms in the compressor wheel market are focusing on creating advanced versions of compressor wheels to offer dependable services to their customers. A compressor wheel with an S-shaped hub design is a progressive engineering solution designed to boost the efficiency and performance of the compressor. For example, Cummins Inc., an American corporation specializing in the production, design, and distribution of engines, filtration, and power generation goods, introduced its first e-compressor for fuel cell engines in March 2024. The e-compressor has a low-inertia rotor for faster start-up and improved acceleration, as well as a full blade impeller to minimise noise for a smoother performance. Its streamlined design enhances fuel economy and energy efficiency, while the low-thrust loading wheel guarantees reliable and gentle rotation. Additionally, its durable containment structure offers greater safety by offering larger margins from containment testing.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/compressor-wheel-global-market-report
Which Regions Are Becoming Hubs for Compressor Wheel Market Innovation?
North America was the largest region in the compressor wheel market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compressor wheel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Compressor Wheel Market?
2. What is the CAGR expected in the Compressor Wheel Market?
3. What Are the Key Innovations Transforming the Compressor Wheel Industry?
4. Which Region Is Leading the Compressor Wheel Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Industry's Surge Fueling Compressor Wheels Market Growth: Key Factor Driving The Growth In The Compressor Wheel Market here
News-ID: 4022592 • Views: …
More Releases from The Business Research Company
Global Double-Sided Masking Tapes Market Expansion at 7.8% CAGR, Valued at $18.4 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Double-Sided Masking Tapes Market Size Forecast for 2025?
The market size of double-sided masking tapes has been experiencing consistent growth in recent years. The market will increase from a figure of $13.01 billion in 2024 to about $13.64 billion in 2025, demonstrating a compound annual growth rate…
Construction Adhesives Market on Path to Hit $18.32 Billion by 2029 at 9% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Construction Adhesives Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been a robust growth in the size of the construction adhesives market in the recent past. The market that was at $12.06 billion in 2024 is projected to rise to $12.95 billion in 2025, with a…
Future of Chromatography Resins Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Chromatography Resins Market by 2025?
In recent years, the market size of chromatography resins has experienced significant growth. Starting from a value of $2.95 billion in 2024, it is predicted to increase to $3.15 billion in 2025 with a compound annual growth…
Blow-Molded Plastics Industry Set to Achieve $128.73 Billion Milestone by 2029 | …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Blow-Molded Plastics Market Size 2025?
The market size of blow-molded plastics has seen constant enlargement in the previous few years. It is expected to rise from $97.17 billion in 2024 to $99.31 billion in 2025, at a compound annual growth rate (CAGR) of…
More Releases for Compressor
Refrigeration Compressor Market Thriving Worldwide: Emerson, GMCC, Huayi Compres …
Latest Study on Industrial Growth of Global Refrigeration Compressor Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Refrigeration Compressor market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends…
Refrigeration compressor purchase
Refrigeration compressor purchase Compressor selection is the first step in the establishment of a refrigeration system. Choosing a suitable refrigeration compressor can neither have excess power nor insufficient cooling capacity, which can lead to an increase in power consumption. It must be more suitable for the local environment. In this article, the editor will share with you the selection principles of refrigeration compressors.
First: Select the compressor according to the…
Oil Free Compressor Market (Oil-Free Compressor, Oil-Free Air Compressor) Key Pl …
Oil Free Compressor (Oil-Free Compressor, Oil-Free Air Compressor) Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Oil Free Compressor (Oil-Free Compressor, Oil-Free Air Compressor) industry with a focus on the Chinese market. The report provides key statistics on the market status of the Oil Free Compressor (Oil-Free Compressor, Oil-Free Air Compressor) manufacturers and is a valuable source of…
Compressor Valves Market Trends, in-Depth Assessment, New Strategies, Price, Fut …
What is Compressor Valves?
Compressor Valves are the valves used in a compressor to control the flow of fluid in a cylinder. The compressor valves are circular with a series of plates that are placed between valve seat and cover. The compressor valves market is expected to grow due to the revival of stalled infrastructure projects, the demand for eco-friendly products, and technological innovations.
The reports cover key market developments in…
Business Overview: Global Oil Free Compressor (Oil-Free Compressor, Oil-Free Air …
An oil-free compressor is only one of several types of compressors available. It works the same way as a standard air compressor, and may even look very similar on the outside; internally, however, it contains special seals designed to keep the crucial lubricating oil away from the compressed air. The moving parts inside the compressor require lubrication to reduce the friction. Lubrication is essential in adequate amounts, regardless of the…
Compressor Valves Market| key manufacturers- Cook Compression, Burckhardt Compre …
There has been prevalence of compressor valves in the oil and gas industry for its exhaustive applications in upstream, midstream and downstream operations. Given oil and gas industry is the most sought after primary source of energy, demand for compressor valves has surged. In addition, a significant demand for better wastewater management facilities is anticipated to favorably influence the market for compressor valves.
Get free Sample Copy @ https://www.mrrse.com/sample/17813
Small and medium-sized…
