The Automotive Turbocharger Market is expected to grow at a steady rate of around 8% owing to fuel-efficient engines and an increase in the power of vehicles. Major companies in the market offer automotive turbochargers for vehicles to take a step towards advancement in high-volume models and making original products for workshops. For instance, in June 2021, BorgWarner announced a partnership with Alpine F1 Team in addition to their long-time collaboration on propulsion technologies.
An automotive turbocharger is defined as a small turbine that is placed between the engine and the exhaust. A turbocharger uses exhaust gases to spin the turbine and improve the efficiency of fuel, increase the power of the car and is used in light engine vehicles to put more horsepower and torque. In recent years, the demand for automotive turbochargers has increased dramatically due to the rising demand for light as well as heavy engine vehicles to enhance engine power, strict environmental regulations, demand for power-generating cars and to get fuel-efficient engines. Furthermore, the entry of global players into emerging markets adds to the growth of the market. For instance, In November 2020, Continental AG extended its line of turbochargers for new car models made by MINI, BMW, and Volkswagen Group.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲–https://univdatos.com/report/automotive-turbocharger-market/get-a-free-sample-form.php?product_id=24467
Based on fuel type, the market is segmented into gasoline, diesel, and others. The gasoline fuel category will witness a higher CAGR during the forecast period. As diesel engine offers less power output than gasoline engine and gasoline engines are easier to alter for achieving greater performance. Moreover, a gasoline engine produces less carbon dioxide as compared to another fuel engine which helps in improving the efficiency of turbochargers. Thus, automotive manufacturers are expected to diversify their products to fulfill the demand of consumers in the gasoline fuel segment.
Based on technology, the market is categorized into variable geometry turbochargers, wastegate turbochargers, electrical turbochargers, and others. Among these, the variable geometry turbocharger to hold a significant share in the market in 2020. This is mainly due to the emission regulations across the globe and has generated demand for downsized and down-speeded turbocharging systems, boost supply, eliminate lag in the engine and maintain the efficiency of the engine. Additionally, variable geometry turbocharger usually finds application in heavy-duty diesel engine-powered vehicles, while in petrol-powered engines, variable geometry turbocharger is only applied in high-performance luxury and sports cars.
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For a better understanding of the market adoption of the Automotive Turbocharger industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the adoption of the high volume of commercial vehicles, rapid adoption of turbochargers by the automotive industry as well as technologically advanced functionalities are estimated to increase the growth of this market in this region.
Some of the major players operating in the market include ABB, Honeywell International Inc., BorgWarner Inc., IHI Corporation, Cummins Inc., Bosch Mahle Turbo Systems GmbH & Co. KG, Eaton Corporation plc, Weifang Fuyuan Turbocharger Co Ltd, Mitsubishi Heavy Industries, Ltd, Continental AG.
Major Key Players Operating in this Market:
- Honeywell International Inc.
- BorgWarner Inc.
- IHI Corporation
- Cummins Inc.
- Bosch Mahle Turbo Systems GmbH & Co. KG
- Eaton Corporation plc
- Weifang Fuyuan Turbocharger Co Ltd
- Mitsubishi Heavy Industries Ltd
- Continental AG
Research Methodology for the Automotive Turbocharger Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive turbocharger market were the three major steps undertaken to create and analyze the adoption of automotive turbocharger in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive turbocharger market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments
The main objective of the Global Automotive Turbocharger Market Study:
The current & future market trends of the global automotive turbocharger market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the automotive turbocharger market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of fuel type, technology, and application.
- Define and analysis of the regulatory framework for the automotive turbocharger
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the automotive turbocharger market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
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Table of Content-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE AUTOMOTIVE TURBOCHARGER MARKET
6 AUTOMOTIVE TURBOCHARGER MARKET REVENUE, 2020-2028F
7 MARKET INSIGHTS BY FUEL TYPE
8 MARKET INSIGHTS BY TECHNOLOGY
9 MARKET INSIGHTS BY APPLICATION
10 MARKET INSIGHTS BY REGION
11 AUTOMOTIVE TURBOCHARGER MARKET DYNAMICS
12 AUTOMOTIVE TURBOCHARGER MARKET OPPORTUNITIES
13 AUTOMOTIVE TURBOCHARGER MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
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