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The Global Automotive Turbocharger Market Size is set to gain momentum from the increasing initiatives by various manufacturers to downsize engines.

The global automotive turbocharger market size 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.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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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.

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.

Segmentation:

Wastegate Turbocharger Segment to Lead Backed by its Possession of Many Benefits

In terms of technology type, the market is segregated into the electric turbocharger, wastegate turbocharger, and variable geometry turbocharger. Out of these, the wastegate turbocharger segment held 40.5% automotive turbocharger market share in 2018. It is likely to lead throughout the forecast period. This growth is attributable to their ability to deliver maximum engine power and generate more torque. They are also cost-effective as compared to the variable geometry turbochargers. They are capable of effectively controlling the sudden boost levels in engines.

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.

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
  • Mitsubishi Heavy Industries. Ltd
  • IHI Corporation
  • Kompressorenabau Bannewitz GmbH
  • Fuyuan Turbocharger Co, Ltd
  • Marelli Corporation
  • Turbo Dynamics

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 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.

Detailed Table of Content:

  • 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

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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 deliver additional benefits. It also includes solutions, namely, electrification, use of synthetic fuels, exhaust gas after-treatment, hardware, software, and control units.

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Automotive Turbocharger Market Future Trends, Prominent Players, Industry Impact and Forecast by 2030

P&S Intelligence published a new research report, titled, “Automotive Turbocharger Market: Global Industry Analysis and Forecast till 2030, (The global automotive turbocharger market is projected to witness significant rise in terms of revenue during the forecast period (2020–2030). Automotive turbocharger is mainly used to enhance efficiency and power output of internal combustion engine (ICE) as it compresses exhaust air from the engine and provide it to combustion chamber. Enhanced fuel efficiency requirements and stringent vehicle emission norms are the major factors leading to the acceleration of the market growth.).”

Stringent regulations imposed by governments of various countries related to engine downsizing and emission norms are expected to accelerate the automotive turbocharger market. For instance, Indian government has proposed Bharat Stage 6 emission norms to meet vehicle emission standard, which is equivalent to Euro 6 for various vehicles categories, by 2020.

Request to Get the Sample [email protected] https://www.psmarketresearch.com/market-analysis/automotive-turbocharger-market/report-sample

Some of the key players operating in the global automotive turbocharger market are Honeywell International Inc., The Turbo Engineers GmbH, Mitsubishi Heavy Industries Ltd., Cummins Inc., BorgWarner, IHI Corp., Turbo Energy Pvt. Ltd., Magnum Performance Turbos Inc., and Continental AG.

The report covers country-wise automotive turbocharger market analysis. Some of the major countries covered in the report are the U.S., Canada, the U.K., France, Germany, Russia, Italy, Norway, the Netherlands, China, Japan, India, South Korea, Australia, Brazil, Argentina, Mexico, South Africa, and the U.A.E.