Turbocharger Market Huge Profitable Business, SWOT Analysis & Next Big Thing to 2027
Turbocharger, Turbocharger Industry Size, Turbocharger Market Trend, Turbocharger Market Growth, COVID-19 Impact Analysis, Turbocharger Market Top Players, Business Opportunities, automotive news, automotive technology, auto news
Turbocharger Industry Growth Highlights:
The turbocharger system consists a turbine and a compressor employed in the large heavy vehicles especially in those having multiple trailers such as buses, trucks, trailers and semi-trailers for the purpose of safety, efficiency, and reliability. The automotive turbocharger is a centrifugal blower which produces high pressure air to enhance the power of IC engines. The major advantage of this system is that it makes engines more compact & smaller and increases its overall performance.
Key Players
The prominent players in the global Turbocharger market share include Cummins Inc (US), Eaton Corporation (Ireland), Honeywell International Inc (US), Bosch Mahle Turbo Systems GmbH (Germany), Precision & Turbo (US), Borgwarner and Inc (US), Rotomaster International (Canada), Mitsubishi Heavy Industries (Japan), Continenetal AG (Germany) & Others.
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The automotive turbocharger market is majorly driven due to the stringent vehicle emission norms from the developing regions such as Europe and North America. In addition, the increasing production of commercial vehicles in countries such as China, Germany, Mexico, India, and Japan drive the growth of Automotive Turbocharger market. Furthermore, technological advancement such as e-turbocharger, growing awareness from the key manufacturers in reducing the carbon footprints, low maintenance cost of this system, and the growing concern over the safety in commercial vehicles are set to drive the growth of this market during the study period.
Market Research Analysis
In terms of region, the global market for the Automotive Turbocharger is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North Americ is estimated to hold a significant market share throughout the forecast period owing to growing production of commercial vehicles from US, Canada, and Mexico. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period due to the growing socio-economic conditions in countries such as China, Japan, India and other countries in the region, growing goods transportation, growing commercial vehicle production and rising focus towards driver & vehicle safety.
Continuous improvement in turbocharger technology will further enhance the Asia-Pacific market size. In Europe, the presence of key manufacturers such as Continenetal AG, Bosch, and Eaton Corporation are also contributing in the growth of this market.
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Scope of the Report
This study provides an overview of the global Automotive Turbocharger industry size, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Turbocharger market by Technology, Fuel Type, Sales Channel, Vehicle type, Material, Application and Region.
By Technology
VGT/VNT
Wastegate
Electric Turbocharger
Others
By Fuel Type
Diesel
Gasoline
By Sales Channel
OEM
Aftermarket
By Material
Cast Iron
Aluminium
Others
By Vehicle Type
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
By Application
Automotive
Marine
Agricultural & Construction
Other
By Regions
North America
Asia-Pacific
Europe
Rest of the World
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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