Demand for automotive turbocharger in Japan is expected to develop at a 10.1% CAGR between 2023 and 2033. Sales of automotive turbocharger in Japan are anticipated to attain USD 1,250.34 million by 2033, up from USD 477.70 million in 2023.
A substantial demand is anticipated for electric turbocharger in Japan. Throughout the projection period, the e-turbochargers are anticipated to have a positive impact on the automotive turbocharger industry.
Influential Growth Factors of Automotive Turbocharger Demand in Japan
Attributes | Details |
---|---|
Industry Size (2023) | USD 477.70 million |
Forecasted Industry Size (2033) | USD 1,250.34 million |
CAGR Estimation (2023 to 2033) | 10.1% |
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Attributes | Details |
---|---|
Industry Size (2018) | USD 303.3 million |
Industry Size (2022) | USD 432.1 million |
HCAGR (2018 to 2022) | 9.3% |
The preceding section provides a comprehensive industry overview and categorizes various industry segments. Based on a thorough analysis, the construction machinery segment is leading the vehicle category, while the VGT segment is leading the product category.
The VGT segment is expected to account for the maximum sales in the automotive turbocharger market. Due to their versatility and effectiveness in enhancing engine performance, VGT turbochargers have become progressively popular. VGT is a good option for both gasoline and diesel engines because it can modify the turbine blade geometry according to driving conditions, ensuring a balance between power and fuel efficiency.
Leading Segment | VGT |
---|---|
Industry Share in 2023 | 71.3% |
The VGT segment is leading the industry due to its flexibility and responsiveness to different driving scenarios. Regarding prevalent sales and adoption of automotive turbocharger in Japan, VGT turbochargers continue to outperform other turbochargers despite their advantages.
The construction machinery segment is positioned to lead in the sales of automotive turbocharger in Japan. Due to its unique operating requirements, the construction machinery segment is prominent. These requirements frequently call for the application of turbocharger to improve engine performance and efficiency.
Leading Segment | Construction Machinery |
---|---|
Industry Share in 2023 | 71% |
Heavy machinery used in construction, such as excavators, bulldozers, and cranes, requires a significant amount of power to perform different tasks. Turbochargers provide a workable solution by maximizing power delivery, reducing fuel consumption, and enhancing engine performance. To boost automotive turbocharger sales and solidify the segment's position, automotive turbocharger manufacturers in the construction machinery sector are progressively implementing turbocharger technology.
Several significant players are vying for market share in Japan's automotive turbocharger industry, which is characterized by intense competition. Automotive turbocharger companies, whether domestic or foreign, engage in the production and distribution of turbocharging systems. Competition is often based on factors such as quality, cost-effectiveness, innovation, and technology.
Automotive turbocharger manufacturers and automakers frequently work in partnerships. Strict emission regulations drive technological advancements in automotive turbocharger. To maintain a dynamic and competitive environment that fosters continuous advances in turbocharger technology, the Japan automotive turbocharger market balances established industry leaders and coming players. This is all done without disclosing specific product details.
Developments Observed in Automotive Turbocharger in Japan
Mitsubishi Heavy Industries (MHI): One of Japan's prominent manufacturers of automotive turbocharger is Mitsubishi Heavy Industries. Numerous turbochargers for different uses, such as in passenger cars and commercial vehicles, are produced by them.
IHI Corporation: Automotive turbocharger is manufactured by the widely recognized Japanese manufacturer IHI Corporation. For gasoline and diesel engines, they provide a range of turbocharger options.
Honeywell Turbo Technologies (formerly Garrett Motion): Despite being an American company, Honeywell has a sizable presence in Japan and produces automotive turbocharger for Japan's industry. Their contemporary turbocharger technology is renowned.
BorgWarner: BorgWarner is an American multinational corporation with a significant presence in Japan, specializing in manufacturing automotive turbocharger. They supply Japanese automakers with turbochargers.
Hitachi Automotive Systems: The prominent Japanese company Hitachi manufactures various auto parts, including turbochargers. They offer creative solutions to the automotive industry.
Aisin Seiki Co., Ltd.: The acclaimed Japanese manufacturer of automotive turbocharger, Aisin manufactures various parts for customers in Japan and other countries, including turbochargers.
IHI Turbo America: Despite having its headquarters in the United States, this business is a subsidiary of IHI Corporation in Japan and is a significant player in manufacturing automotive turbocharger for the Japan industry among others.
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Attribute | Details |
---|---|
Estimated Valuation (2023) | USD 477.70 million |
Projected Valuation (2033) | USD 1,250.34 million |
Anticipated CAGR (2023 to 2033) | 10.1% |
Historical Analysis of Automotive Turbocharger in Japan | 2018 to 2022 |
Demand Forecast for Automotive Turbocharger in Japan | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Key Cities Analyzed | Kanto, Chubu, Kinki, Kyushu & Okinawa, Tohoku, Rest of Japan |
Key Companies Profiled for Automotive Turbocharger in Japan | Mitsubishi Heavy Industries (MHI); IHI Corporation; Honeywell Turbo Technologies (formerly Garrett Motion); BorgWarner; Hitachi Automotive Systems; Aisin Seiki Co., Ltd.; IHI Turbo America |
The anticipated CAGR for automotive turbocharger in Japan through 2033 is 10.1%.
Demand for automotive turbocharger in Japan is likely to reach USD 1,250.34 million by 2033.
The VGT segment to grab a share of 71.3% in 2023.
The construction machinery segment to acquire a share of 71% in 2023.
The automotive turbocharger sales in Japan registered a HCAGR of 9.3% from 2018 to 2022.
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