Automotive Turbochargers Market: Growth Analysis, Trends, Progress (2016- 2024), Industry Share, Size and Research Report

Global Automotive Turbochargers Market Projected to Reach USD 12.4 Billion and Global Sales to Reach 59 Million Units by 2024

According to Goldstein Research, global automotive turbochargers market size is expected to reach USD 12.4 billion by 2024 from estimated USD 7.3 billion in 2015, growing at a compounded annual growth rate of 6.8% during the forecast period 2016-2024. Moreover, the global sales of automotive turbochargers are expected to reach 59 million units by 2024. The reduced fuel consumption, in order to comply with the environmental norms, is primarily driving the growth of automotive turbochargers market. Turbochargers market, based on technology has a significant presence in the global automobile industry. Further, sales of automotive turbochargers have prospecting share in the global automotive aftermarket industry, which has generated a revenue of USD 763 Billion in 2017.

Global automotive turbochargers market segmentation has been carried out on the basis of technology type, vehicle type, fuel type, end users, and geography. On the basis of geography, global automotive turbochargers industry is dominated by Europe market share, with a penetration of 74% in 2016. Whereas, North America is witnessing significant growth in light vehicles turbochargers, owing to high regional sales i.e. expected sales growth by 33.0% by 2024.

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Market Segmentation

On the basis of our in-depth analysis, Global Automotive Turbochargers Market can be segmented as follows:

  • By Technology Type
    • Variable Geometry Turbochargers
    • Twin Turbo
    • Wastegate Technology
  • By Vehicles Type
    • Light Commercial Vehicles (LCV)
    • Heavy Commercial Vehicles (HCV)
    • Passenger Cars
  • By Fuel Type
    • Diesel
    • Gasoline
  • By End-User
    • Manufacturers (OEMs)
    • Aftermarket 
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

The automotive turbochargers market analysis contains a detailed overview of the global automotive turbochargers market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by technology type, vehicle type, fuel type and end users.

Further, for the in-depth analysis, Global automotive turbochargers market report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as Honeywell International Inc., BorgWarner Inc., Cummins Inc., IHI Corporation, Mitsubishi Heavy Industries Ltd, Continental AG, Bosch Mahle Turbo Systems, Rotomaster Inc, Turbo Energy PVT LTD, Eaton Corporation PLC, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global automotive turbochargers market along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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