The global automotive turbocharger market is set to gain momentum from the increasing initiatives by various manufacturers to downsize engines. They are doing so by lowering the number of cylinders and piston displacement. This information is given by Fortune Business Insights™ in a new report, titled, “Automotive Turbocharger Market Size, Share & Industry Analysis, By Technology Type (Variable Geometry Turbocharger, Wastegate Turbocharger, and Electric Turbocharger), By Fuel Type (Gasoline and Diesel), By Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle) and Regional Forecasts, 2019-2026.” The report further states that the automotive turbocharger market size was USD 8.20 billion in 2018 and is projected to reach USD 10.10 billion by 2026, thereby exhibiting a CAGR of 2.89% during the forecast period.
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Highlights of the Report
Extensive analysis of the automotive turbocharger market trends, growth drivers, barriers, opportunities, and challenges.
List of all the segments present in the market.
Competitive landscape consisting of investments, new agreements, contracts, collaborations, new orders, novel product launches, and mergers and acquisitions.
Details about the regions and their current positions in the market.
Fortune Business Insights™ lists out all the companies operating in the automotive turbocharger market. They are as follows:
Garrett Motion
Continental GT
Aptiv PLC
Turbonetics
ABB
Cummins Inc.
Ningbo Motor Industrial Co. Ltd.
Precision Turbo and Engine Inc.
Robert Bosch GmbH
Mahle
Rotomaster International
Mitstubishi Heavy Industries. Ltd
IHI Corporation
Kompressorenabau Bannewitz GmbH
Fuyuan Turbocharger Co, Ltd
Marelli Corporation
Turbo Dynamics
Drivers & Restraints-
Rapid Urbanization Worldwide to Drive Growth
A few of the most significant factors accelerating the automotive turbocharger market growth are improvements in the standard of living, rapid urbanization, ongoing developments of road infrastructures, and growing industrialization. These are coupled with the increasing disposable income of the masses across the globe. Additionally, consumers nowadays are shifting rapidly towards those vehicles that would provide low emission of carbon in the atmosphere and would be economical in terms of fuel. It is therefore, propelling many reputed automotive manufacturers to invest hefty amounts of money in the research and development activities for equipping vehicles with cutting-edge technologies. However, the rising preference of the masses for electric vehicles may obstruct growth.
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Regional Analysis-
Increasing Number of Passenger Cars to Favor Growth in Asia Pacific
Based on geography, the market is divided into Asia Pacific, Europe, North America, and the rest of the world. Amongst these, Asia Pacific is anticipated to procure the highest share in the coming years fueled by the rising number of passenger cars in this region. In the emerging economies, such as China and India, the production and sales of automotive is upsurging. It is also set to contribute to the market growth. North America generated USD 2.62 billion in terms of automotive turbocharger market revenue in 2018. It is projected to grow astonishingly because of the higher usage of state-of-the-art technologies.
Competitive Landscape-
Key Players Focus on Unveiling Novel Products to Gain Competitive Edge
The market houses numerous manufacturers that are presently focusing on research and development activities to launch unique products in the market. It is aiding them in strengthening their position in the market and intensifying competition. Below is a key industry development:
May 2019: Continental Powertrain recently showcased its latest ring catalyst turbocharger at the 40th Vienna Motor Symposium, one of the largest events for the automotive engineering industry. This new catalyst and turbocharger delivers additional benefits. It also includes solutions, namely, electrification, use of synthetic fuels, exhaust gas aftertreatment, hardware, software, and control units.
Table of Content of Automotive Turbocharger Market:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Merger, Acquisitions, and Partnerships
Distributor Analysis – For Major Players
Growth and Penetration Analysis
Porter’s Five Forces Analysis
PEST Analysis
Vendor Landscape
Global Turbocharger Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Technology Type
Variable Geometry Turbocharger
Wastegate Turbocharger
Electric Turbocharger
Market Analysis, Insights and Forecast – By Fuel Type
Gasoline
Diesel
Market Analysis, Insights and Forecast – By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia pacific
Rest of the World
North America Turbocharger Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis – By Technology Type
Variable Geometry Turbocharger
Wastegate Turbocharger
Electric Turbocharger
Market Analysis – By Fuel Type
Gasoline
Diesel
Market Analysis – By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Market Analysis – By Country
S.
Canada
Mexico
TOC Continued...
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