Automotive Turbocharger Market 2018 Global Industry Outlook By Size, Share, Trends, Growth, Key Players, Statistics, And Key Country Forecast To 2023

“Automotive Turbocharger Market”
Automotive Turbocharger Market 2018 Industry Research Report – Global Forecast to 2023, is latest research report on Global Automotive Turbocharger Market published by Market Research Future. Report provides comprehensive information on Automotive Turbocharger Market forecast, historic data, with business development strategies, upcoming opportunities, and regional outlook. Global Automotive Turbocharger Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 202

Automotive Turbocharger Industry Key Players Analyzed in Report Are:

Honeywell International Inc. (U.S.), BorgWarner Inc. (U.S), Mitsubishi Heavy Industries, Ltd (Japan), IHI Corporation (Japan), Continental AG (Germany), Cummins, Inc.(U.S.), Bosch Mahle(Germany), Bullseye Power, LLC (U.S.), Precision Turbo and Engine(U.S.) and Fengcheng Xindongli Turbocharger Co., Ltd.(China).

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Automotive Turbocharger Market Highlights:

Turbocharger engines are used widely with many advantages that play a vital role in environmental pollution control. Diesel engines are considered, one of the largest contributors to environmental pollution caused by exhaust emissions. Many stringent policies have been imposed worldwide in recent years to reduce negative effects on environment. The amended rules will apply to all vehicles run on petrol, CNG, LPG, electric, diesel and hybrid.

The total vehicle sales for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2023. Another factor responsible for the increase in vehicle sales, is the macroeconomic development and the rise in the global middle-class consumers. According to OICA, the sales of new vehicles have been increased from 2013 to 2016. In 2013, the number of vehicle sold were 85.6 million while in 2016 it was 93.8 million.

The dynamic business environment and cut-throat competition in the market constantly requires influx of capital to update their technology to cope with increasing incidences of customization by the consumers. The higher capital investment and expensive nature than traditional turbocharger, is expected to act as a hurdle in the growth of the market due to significant entry barriers for new players, which is expected to have a negative impact on the automotive turbocharger market.

Manufacturers are making heavy investments into R&D so as to develop technology to increase the efficiency of the combustion engines and lessen the environmental impact of their vehicles. The company focuses on investing in R&D and also to gain a competitive edge in the market by considering system integration and new functionality that provide better quality and innovative product to the consumers. Product developments such as development of electric turbocharger, ball bearing turbocharger, Gasoline DualBoost Turbochargers are showing opportunity for market growth by performance enhancement and higher operating speed.

Regional Analysis:

Asia-Pacific accounted for the largest market share of 40.75% in 2016 due to increase in the vehicle production in developing countries such as India and China. The demand for turbochargers is largely dependent on vehicle production in developing countries such as India and China. The vehicle production is growing, which in turn would push the demand for turbocharged vehicles. Moreover, factors such as increase in vehicle production, large population base, growing demand for diesel vehicles, upcoming emission norms, and economic shifts are driving the Asia-Pacific turbocharger market. China accounted for the largest market share with a market value of USD 2,862.6 million and is projected to grow at the highest CAGR of 9.65% during the forecast period.

The vehicle production is growing, which in turn would push the demand for turbocharged vehicles. Moreover, factors such as increase in vehicle production, large population base, growing demand for diesel vehicles, upcoming emission norms, and economic shifts are driving the Asia-Pacific turbocharger market. North America accounted for the second largest market during the forecast period due to increase in demand of the new vehicles. The factor that are responsible for the growth of automotive turbocharger market are continuous growth in global automotive industry and stringent vehicle emission regulations. Many stringent policies have been imposed worldwide in recent years to reduce negative effects on environment due to which the demand for turbocharger is increasing. The amended rules will apply to all vehicles run on petrol, CNG, LPG, electric, diesel and hybrid. The factor responsible for the increase in vehicle sales, is the macroeconomic development and the rise in the global middle class consumers.

List of Tables:

TABLE 1 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY TECHNOLOGY

TABLE 2 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY CHANNEL TYPE

TABLE 3 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY VEHICLE TYPETABLE 4 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET, BY REGIONS

TABLE 5 NORTH AMERICA AUTOMOTIVE TURBOCHARGER MARKET, BY TECHNOLOGY

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LIST OF FIGURES:

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET: BY TECHNOLOGY (%)

FIGURE 3 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET: BY CHANNEL TYPE (%)

FIGURE 4 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET: BY END MARKET (%)

FIGURE 5 GLOBAL AUTOMOTIVE TURBOCHARGER MARKET: BY REGION

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