Global Automotive Turbochargers Market

Automotive Turbochargers Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020

A turbocharger is a type of forced induction system that utilises energy of exhaust gases from the engines via a turbine. This helps in the induction of an ample volume of air into combustion chamber. The power output of the engine can be enhanced by increasing the volume of inlet fuel air mixture, which could be easily achieved with use turbochargers. It utilises the energy of exhaust gases from the engine to compress the inlet air and feed it into the engine to create a better air to fuel ratio. Turbochargers are considered one of the most important automotive accessories in today’s time not only to boost acceleration, but to increase the efficiency of the engines in terms of power and output.

Turbochargers are useful in helping the automotive industryto meet the norms and standards regarding the emission of exhaust gasses such as CO2, nitrous oxide, and particulate materials from the automobile. Augmentation of the engine with a turbocharger helps in addressing the increasing demand for fuel-efficient vehicles from consumers. 

The global turbocharger market is expected to grow approximately twofold from 2014 to 2020. The global market for turbochargers is growing at a CAGR of around 10-12%. The European market commands nearly half of the turbocharger market, followed by Asia and North America. The penetration rate of turbochargers in the North American vehicular fleet is comparatively less thanin other regions. The global market has been witnessing an increase in demand from Asia Pacific, whereas the European market is expected to exhibit sluggish growth due to low automotive demand and stagnant economic conditions.

The global turbocharger market can be segmented on the basis of vehicle types such as light commercial vehicles (LCV), heavy commercial vehicles (HCV) and passenger vehicles (PV). Currently, the PV segment is the largest contributor to the market. In future, the PV segment is expected to continue its dominance in the global market, due to increasing production and demand. The CV segment is expected to register a higher growth rate due their longer service life and higher commercial usage.

The global turbochargers market can also be segmented by technology such asvariable geometry technology (also known as varable nozzle turbine), wastegate technology, and twin turbo. On the basis of the fuel type, the turbocharger market is segmented into diesel and gasoline turbo. 
Overall the diesel turbocharger segment is expected to grow at a higher rate compared to gasolineas turbochargers have high adoption rates in diesel engines.

However, with advancements in technology the gasoline turbochargers are estimated to grow at a promising rate in the future. 

Major players of the turbochargers market include BorgwarnerInc., Honeywell International Inc., Mitsubishi Heavy Industries Ltd, IHI Corporation, Continental AG, and Cummins Inc. to name a few. These companies are trying to introduce new technology in the market through innovation and new product development. Apart from this, they are taking initiatives to engage themselves in partnerships and alliances in order to expand their business in emerging markets such as India and China.

The preference of fuel-efficient vehicles, the downsizing initiatives of engines by automakers and the growth of the automotive production in Asian region are major drivers for turbochargers market. 

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern  Europe
  • Middle East & Africa 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies. 

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint