Global Automotive Turbocharger Market To Grow At A CAGR Of 6.43% During The Period 2017-2021 - Honeywell International, BorgWarner, IHI, Cummins, Mitsubishi Heavy Industries

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An automotive turbocharger, which has two main components, namely, the turbine and compressor, works on a simple principle. The exhaust that is released after the combustion of air and fuel in a vehicle's combustion chamber is used by the turbocharger. This exhaust air strikes the turbine blades, which rotates the turbine. A compressor is connected to the turbine using a shaft, which sucks in the air and compresses it using the centrifugal principle. This compressed air is then passed through a charge air cooler, which cools the air. This air finally reaches the intake manifold of the engine. The compressed air allows the engine to burn the fuel completely at a high volume, thus producing more power and improving the fuel efficiency. Automotive turbochargers increase the volume of the air that enters the cylinder and the fuel intake proportionately, thereby increasing power and fuel efficiency without compromising the environment or efficiency. For example, a turbocharger installed in a four-cylinder engine can produce the same power as a six-cylinder engine. Turbos are popularly used in cars, trucks, locomotives, and construction equipment engines.

Technavios analysts forecast the global automotive turbocharger market to grow at a CAGR of 6.43% during the period 2017-2021 .

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Covered in this report
The report covers the present scenario and the growth prospects of the global automotive turbocharger market for 2017-2021 . To calculate the market size, the report considers the the overall value of turbochargers produced for different types of vehicles such as passenger cars (which include light vehicles such as SUVs, MPVs, LCVs, and light pick-up trucks), light commercial vehicles, and heavy commercial vehicles.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Automotive Turbocharger Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Honeywell International
BorgWarner
IHI
Cummins
Mitsubishi Heavy Industries

Other prominent vendors
Banks Power
Magnum Performance Turbos
Precision Turbo and Engine
TEL
Turbo Engineering
Turbonetics

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Market driver
Increased global automotive sales
For a full, detailed list, view our report

Market challenge
Increased cost because of design complications and use of complex high-grade materials
For a full, detailed list, view our report

Market trend
Technological advancement of turbochargers
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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