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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Automotive Turbocharger Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Automotive Turbocharger market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.
The global automotive turbocharger is size estimated to be USD 11.1 billion in 2020 and projected to reach USD 18.4 billion by 2025, at a CAGR of 10.5%, from 2020 and 2025. However, due to COVID-19 impact, most countries have imposed a complete lockdown for almost more than two months, which in turn has impacted vehicle production. The automotive turbocharger market is estimated to observed a decline post-COVID-19 due to the impact on vehicle production. The global automotive turbocharger market size post-COVID-19 is expected to be USD 11.1 billion in 2020 and is projected to reach USD 18.4 billion by 2025, at a CAGR of 10.5% from 2020 to 2025. However, a steady recovery post-2020 in vehicle production will support the growth of this market in the coming years. Few other growth contributing factors for automotive turbocharger will further decrease in emission limits and an increase in fuel efficiency limits in upcoming regulations, the shift of the light-duty vehicles towards direct gasoline engines (GDI), thus, increasing the demand for gasoline turbochargers in the coming years.
The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Automotive Turbocharger market are included as given below:
Automotive turbocharger market is dominated by manufacturers such Honeywell (US), BorgWarner (US), MHI (Japan), IHI (Japan), and Continental (Germany), Bosch Mahle (Germany), Cummins (US), ABB (Switzerland), TEL (India), and Delphi Technologies (UK), Rotomaster International (Canada), Precision Turbo & Engine INC(US), Turbonetics(US), Turbo International (US), Kompressorenabu Bannewitz GMBH(Germany), Turbo Dynamic Ltd.(UK), Fuyuan Turbocharger Co. Ltd.(China), Hunan Tyen Machinery Co. Ltd. (China), Ningbo Motor Industrial Co. Ltd. (China), Calsonic Kansei (Japan).
The global Automotive Turbocharger market has been segmented as below:
By Technology
VNT/VGT
Wastegate
Electric
Twin-turbo
Free-floating
Double Axle
By Material
Cast iron
Aluminum
Others
By Components
Turbine
Compressor
Housing
By Fuel Type
Diesel
Gasoline
By Application
Agricultural tractors
Construction equipment
By Vehicle Type
Passenger cars
Light commercial vehicles
Truck
Bus
CNG/Alternate fuels
Aftermarket, By Vehicle Type
Passenger Cars
Light-Duty Vehicles
Heavy-Duty vehicles
By Region
North America
Europe
Asia Pacific
Rest of the world
Reasons to Purchase this Report:
Estimates Automotive Turbocharger development trends with SWOT analysis
Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion
Market dynamics scenario, along with growth opportunities for players in the years to come
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects