Press release
Automotive Turbochargers Market to tap US$20.35 Billion during 2016 - 2024; Demand for Lighter Cars Pushes Sales
ResearchMoz added Latest Research Report titled " Automotive Turbochargers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024 " to it's Large Report database.Global Automotive Turbochargers Market: Overview
Automotive Turbochargers are forced induction techniques that induces forced compressed into the vehicles combustion engine for added power. Turbochargers are generally prominent among diesel engines as this type of engine lack proper air required for combustion, thus depends upon a turbochargers to cope up with its drawbacks. Moreover a turbocharger even aids in reducing emission and provide better fuel efficiency. Rising emission norms and fuel efficiency standards is giving rise to the use of a turbochargers to comply with the norms.
Automotive turbochargers find its application in a number of vehicle segments such as heavy commercial vehicle (HCV), light commercial vehicles (LCV), passenger cars, sports cars and off-highway vehicles. Passenger cars holds the leading market share among the segments. Based on the technology type the automotive turbochargers market is segmented into twin turbo, variable geometry technology and wastegate technology.
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Variable geometry technology (VGT) turbochargers held the prime market share in 2015, with the increasing popularity of turbochargers with low turbo lag is basically going to drive the variable geometry technology turbochargers during the forecast period from 2016 – 2024. Additionally the, global automotive turbochargers market is divided into fuel type which includes gasoline and diesel. In terms of end users, the global automotive turbochargers market is bifurcated into original equipment manufacturers (OEMs) and aftermarket.
Turbochargers were first introduced for diesel engine to deliver higher power output, less emissions and increase fuel efficiency as diesel engines were generally used in commercial vehicle. After gaining importance in diesel engines’, turbochargers are also being favored to increase engine efficiency for gasoline engines. Automotive turbochargers market has huge scope and opportunity in the emerging markets of Asia Pacific and Latin America in countries such as India, China, Japan and Brazil among others. Rising penetration of turbocharged gasoline engine in Asia Pacific and turbocharged diesel cars in Latin America region is going to drive the automotive turbochargers market.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Highlights
Chapter 2 Assumptions and research Methodology
2.1 Assumptions and Acronyms Used
2.2 Research Methodology
Chapter 3 Executive Summary
3.1 Global Automotive Turbochargers Market Snapshot
3.2 Global Automotive Turbochargers Market Revenue, 2016 – 2024 (US$ Bn)
3.3 Global Automotive Turbochargers Market Overview
3.4 Introduction
3.5 Nature of Automotive Turbochargers market
Chapter 4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Competitive Strategies Adopted by Major Players
4.5 Market Attractiveness Analysis By Technology
4.6 Market Share by Key Players, 2015 (% share)
4.7 Key Trend Analysis
4.8 Comparison Chart: Turbocharged engine and Normal engine
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